And it’s a great buy, located just west of Charlottesville in the Old Trail development in Crozet. This post breaks my unwritten rule guideline to not blog about listings, but it’s noteworthy for a couple of reasons –
1 – It’s a short sale in Albemarle, something of which we haven’t seen much so far in this market shift. There are three properties in the MLS with “short sale” in the public remarks and eight properties with “short sale” in the agent remarks.
2 – It’s in Old Trail, which is, in my opinion, just ahead of the curve and is poised for great success in the medium to long-term. (more on why in a later post)
3 – It is owned by local builder Church Hill Homes (no longer available). More on this later.
Unfortunately, there are no sold comps (per the MLS) by which to draw comparisons on price. (Have I mentioned that sold comps matter less?) Take a look at the active two bedroom townhomes in Crozet (no longer available) – there are no under contract ones …)
Interested in Learning More?
Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.
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