A blank slate renovation opportunity in this walkable downtown neighborhood. The home has been cleared of asbestos and is safe to start renovations. The backdrop of the timeless canvas is ready for you to make it your own. Bring your contractor and get started immediately.
Single-familyProperty Type
1950Year Built
0.31 acresLot Size
$488Est. Price/Sq.Ft.
1 car garageParking
Listed by TOM RIDLEY• LORING WOODRIFF REAL ESTATE ASSOCIATES
Bought with TOMMY BRANNOCK• LORING WOODRIFF REAL ESTATE ASSOCIATES
Discover a unique opportunity in the heart of Lewis Mountain, an area celebrated for its serene charm and its proximity to the University of Virginia. Recently transitioned from R-1 to R-B zoning, this change simplifies development by setting a fixed density. Developers are allowed a baseline of 6 units, which increases to 8 if the existing home is retained and can expand to 12 units for projects including affordable housing. The city permits the construction of townhomes or condos within designated setbacks and allows for the subdivision into individual lots for sale. This property not only offers flexibility in development but also connects investors to the vibrant university community, enhancing its appeal for both residential and academic-oriented projects.
CCAR #650922
Apr 13, 2024
Rental Removed
$2,000
$1/sq ft
Mar 29, 2024
Listed for Rent
$2,000
$1/sq ft
RENT. #1
Aug 16, 2022
Price Changed
$2,375
$1/sq ft
Public Records
Aug 15, 1980
Sold
$86,500
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$8,079 (+2.3%)
$331,000 + $480,700
$811,700
2025
$7,900 (+14.6%)
$331,000 + $480,700
$811,700
2024
$6,894 (+8.1%)
$301,000 + $491,900
$792,900
2023
$6,377 (+13.2%)
$270,000 + $420,200
$690,200
2022
$5,634 (+15.7%)
$244,900 + $405,900
$650,800
2021
$4,870 (+11.0%)
$204,100 + $369,300
$573,400
2020
$4,388
$142,000 + $306,300
$448,300
Tax history for 303 Alderman Rd
Year
Property tax
Land + Additions
Assessment*
2026
$8,079 (+2.3%)
$331,000 + $480,700
$811,700
2025
$7,900 (+14.6%)
$331,000 + $480,700
$811,700
2024
$6,894 (+8.1%)
$301,000 + $491,900
$792,900
2023
$6,377 (+13.2%)
$270,000 + $420,200
$690,200
2022
$5,634 (+15.7%)
$244,900 + $405,900
$650,800
2021
$4,870 (+11.0%)
$204,100 + $369,300
$573,400
2020
$4,388
$142,000 + $306,300
$448,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
1.5
Stories
1
Lot width
—
Lot depth
—
Lot size
0.31 Acres
Year renovated
1979
Sq. Ft.
1,916
Year built
1950
Style
Single Family Residential
County
Charlottesville
APN
130016000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 14, 2026.
R-1U
AIA
University Residential Districts
University, consisting of low-density residential areas in the vicinity of the University of Virginia campus.