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Sold on 08/07/2023
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480 Rio Rd E, Charlottesville, VA 22901

$1,429,000

Last sold 08/07/2023 for $1.36M

  • —

    bed

  • —

    bath

  • 6.52

    Acre ($208K/Acre)

Lot/Land not for sale
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About 480 Rio Rd E

Property type Lot/Land
Neighborhood
HOA fee $0/month
Lot size 6.52 Acre
Movoto estimate
Property description
SITUATED IN ALBEMARLE COUNTY JUST NORTH OF THE CITY LIMITS, ONLY 1.5 MILES NORTH OF THE DOWNTOWN MALL, JUST OFF PARK ST. AND RIO RD. EAST, is the 6.5 acre site with two houses, known historically as LOCHLYN, and now named ECOVILLAGE CHARLOTTESVILLE by the current Owner. The Owner has been working with planners and the County of Albemarle to develop on this property into an environmentally sensitive and sustainable housing community. This land has a current zoning of R4, however, the Owner believes Albemarle County would approve somewhere between 32-38 dwelling units on the site. This is a concept at this stage, but has several years of planning behind the concept, waiting for a visionary developer to complete the project. or something similar.,ECOVILLAGE CHARLOTTESVILLE AT LOCHLYN
Listed by
Listing Agent - JIM FAULCONER
Listing Office - MCLEAN FAULCONER INC., REALTOR
Source: Bright MLS mls logo
MLS#633951 • last updated 3 years ago
Movoto checked Bright MLS for data 16 minutes ago
Overview
Type Land
Status Closed
Lot Size (Acres) 6.52
Tax: Assessed Value 1450500
Annual Property Tax 12387
Foreclosure (Y/N) N
Exterior
Existing Structures Tenant House
Amenities / Utilities
Sewer/ Septic Septic Exists
Location
Subdivision UNKNOWN
Water Source Public
High School ALBEMARLE
Elementary School AGNOR-HURT
School District ALBEMARLE COUNTY PUBLIC SCHOOLS
Middle School BURLEY
Directions FROM RT. 250 BYPASS AT PARK ST., GO NORTH ON PARK, INTO ALBEMARLE COUNTY, GO PAST BROOKWAY DR. & ALWOOD LN TO NEXT DRIVEWAY ON LEFT, # 480, GO PAST FIRST HOUSE TO SECOND HOUSE. DO NOT ENTER PROPERTY WITHOUT APPOINTMENT.
Zoning R-4, Residential
Lot/ Land Details
Road Responsibility Public
Add'l Parcels Desc 06100-00-00-021A0
$1.42M
Range: $971K-$1.88M
Last 30 days 
  • Aug 2023
    mls logo MLS # 633951
  • Aug 9, 2023 Sold
    $1,360,000
  • Aug 9, 2023 Sold
    $1,360,000
  • Apr 3, 2023 Pending
    —
  • Apr 3, 2023 Listed
    —
  • Jan 5, 2023 Pending
    —
  • Jan 5, 2023 Pending
    —
  • Aug 22, 2022 Listed
    $1,750,000
  • Aug 22, 2022 Listed
    $1,750,000
  • Aug 2023
    Public Records
  • Aug 7, 2023 Sold
    $1,360,000 (-22.3%)
  • Year Property taxes Tax assessment
  • 2025
    $10,653 +4.7%
    $1,193,200 +0.13%
  • 2023
    $10,176 +0.2%
    $1,191,600
  • 2022
    $10,156 +100.0%
    $1,191,600 +0.2%
  • 2021
    $5,078 -50.0%
    $1,189,200
  • 2020
    $10,155 +143.5%
    $1,189,200 +19.61%
  • 2018
    $4,171 +5.3%
    $994,200
  • 2017
    $3,963 +2.9%
    $994,200 +5.25%
  • 2016
    $3,853 -47.8%
    $944,600
  • 2015
    $7,375
    —
  • 480 Rio Rd E
    $1.36M
  • Unknown
    —
  • 22901
    $539K -19% y/y
  • Charlottesville
    $529K -15% y/y
No chart available
Statistics calculated by Movoto

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3/10
Agnor-Hurt Elementary School
public Grades PK, K-5
Albemarle County Public Schools
3/10
Jackson P Burley Middle School
public Grades 6-8
Albemarle County Public Schools
5/10
Albemarle High School
public Grades 9-12
Albemarle County Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

Around Unknown

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 11/5/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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