Updated 2019. I updated this post as I no longer have the IDX plugin, the plugin that displayed listings.
Seriously. I know of a house in Crozet (foreclosure) that sold for under $150 and will be coming on the market – flipped – in a couple weeks. Another one that was originally listed well over $700k went under contract in the low-$400’s.
Not every house is a “deal.” Not every house is going to be a “deal” (and that’s a very good thing); but they’re out there.
These are a few properties in Albemarle and Charlottesville that have had price reductions of at least 10% over the past 30 days:
Take this one –
It’s not my listing (it’s BHGREII’s); it’s an example of what I perceive to be a screaming deal in the Charlottesville real estate market. They’re there; you just have to be looking – every day – and be ready to move. Quickly.
The highest Albemarle County assessment was $203,500 in 2007. Currently assessed for $172,100.
Last purchased by a person in 2007 for $203,500. Most recently transferred to the Federal National Mortgage Association in June of this year for $197,047.
It needs some work, but that’s ok.