Annie Gould Gallery
A unique art gallery located in the heart of historic Gordonsville.
109 S. Main Street, Gordonsville, VA • (540) 832-6352 anniegouldgallery
Market moves
Major real estate transactions taking place this month in Fifeville
By Sean Tubbs
As planning and negotiations continue over a grocery story at 501 Cherry Ave., major transactions continue to take place in the Fifeville neighborhood.
On September 9, the firm Neighborhood Investments paid $2.24 million for an undeveloped property between Roosevelt Brown Boulevard and Ninth Street SW. There have been several development projects associated with the land, owned by the Piedmont Housing Alliance, on two occasions.
The Piedmont Housing Alliance sold the 0.56-acre property in March 2016 for $1.19 million. The previous owner filed a site plan amendment in 2020 for 24 residential units and about 11,000 square feet of commercial space, which was never approved. Since then, Charlottesville City Council has adopted a small area plan for Cherry Avenue that discouraged tall buildings in order to preserve the character of surrounding neighborhoods.
As a result, the city’s new zoning code classified the undeveloped Ninth Street lot as Commercial Mixed Use 3, which sets a base height limit of three stories but an additional two stories are allowed if the project has affordable units that qualify it for bonus space. That is different from other corridors in Charlottesville, such as Barracks Road and Fifth Street Extended, which allow up to 10 stories to encourage shopping centers to redevelop at maximum density.
Richard Spurzem of Neighborhood Properties said in an email he was not sure if he would proceed with the existing site plan or start fresh.
This past March, Ronald McDonald House of Charlottesville bought a former auto repair business at 316 Ninth St. SW for $700,000. The nonprofit owns two nearby lots and has not yet decided how it will use its new property.
The city’s public housing agency is planning to purchase two properties several blocks away on Fifth Street SW to preserve them for affordable housing. There are multiple buildings at both locations, and the Charlottesville Redevelopment and Housing Authority wants to buy them for $2.2 million.
“The acquisition of this portfolio will allow CRHA to preserve the naturally occurring affordable housing units while giving CRHA the ability to redevelop the property to provide additional housing units soon,” reads a resolution adopted by the CRHA Board of Commissioners on September 23.
The acquisition continues a trend of CRHA purchasing property, including several Fifeville properties that were part of a $10 million purchase from Woodard Properties in August 2023, to expand its portfolio.
Meanwhile, single-family homes still sell at a premium in Fifeville. On September 4, 2024, a two-bedroom house at 223 Fourth St. SW sold for $585,000, well above the 2024 assessment of $376,000. There’s also an accessory dwelling on the property.
On September 18, a single-family attached home in the Orangedale subdivision at 705 Prospect Ave. sold for $296,500. That’s over 39 percent above the 2024 assessment of $212,900.
For more about what’s happening in the Fifeville neighborhood, turn to this week’s feature story on page 26.
Neighborhood Investments purchased this half acre lot in Fifeville for $2.24 million, the latest high-profile purchase in the Cherry Avenue area.
SEAN TUBBS
BENTIVAR MANOR
Exquisite brick home on 88 acres less than 5 miles from city limits. Residence is in excellent condition, 7-BR & 11,000+ sf. Property is a mix of pastures & woods with long frontage on the Rivanna River, & miles of trails. MLS#652353 $4,875,000 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455
HIGH FIELDS
Scenic 42-acre farm 10 miles from Charlottesville. Features pastures, woodlands, serene creek, antique farmhouse, updated kitchen, 3-BA, 4-BR, and panoramic Blue Ridge Mountain vistas, and substantial barn. MLS#651245 $1,695,000 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455
FRAYS MILL
Wooded 81.395-acre preservation tract near Frays Mill Subdivision in Albemarle Co., 6 mi from Charlottesville Airport, shops, restaurants. Ideal for recreation, agriculture, and private home with mountain views. MLS#651664 $995,000 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455
BAILEY’S QUARTERS
One level living with full basement, two acres and a spectacular view of Buck Mountain and the Blue Ridge Mountains. Home is 10 miles northwest of Charlottesville near Free Union. MLS#654595 $525,000 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455
FIELDS OF BOAZ
A country French estate on 24 acres 6 miles from the University of Virginia. Timeless charm and modern luxury with soaring ceilings, spacious primary suite, home office, wine cellar, guest quarters, and private pond. MLS#652608
$3,995,000 Court Nexsen, 646.660.0700
HISTORIC STAUNTON
Meticulously renovated National Historic Register home, blending modern amenities with remarkable charm. 5-bedrooms with hardwood floors, stained glass windows, and trim. Quartz kitchen, magnificent primary suite, terrace apartment. MLS#653080 $1,295,000 Court Nexsen, 646.660.0700
CRAIGS STORE RD
Nestled amidst the rolling hills of western Albemarle, this 76 acre parcel offers compelling views of the Blue Ridge Mountains, diverse terrain, and multiple estate-caliber building sites. 2 miles from Batesville Market, 15 miles from Charlottesville. Not under conservation easement. MLS#652337 $$975,000 Court Nexsen, 646.660.0700
CHERRY HILL TOWNHOME
Exceptional brick, end-unit in popular Cherry Hill! Walk to the University of Virginia Hospital and Grounds. This 3-level features a beautiful gardener’s fenced yard. Elegant entry, open floor plan, owner’s suite, and 2 guest beds. 1stfloor bonus room and garage! MLS#655503
$515,000 Katherine Leddington, 646.593.0333
MEADOW
FARM
436+ acre parcel of land in Southern Albemarle! 4 division rights; complete privacy; lush, gently rolling terrain; long road frontage; stream; 3-acre lake; 125-135 acres of open land; mature hardwood forests. Under conservation easement. MLS#651411
$2,985,000 Charlotte Dammann, 434.981.1250
THE HOLSINGER
Exceptional 2-bedroom, 2.5-bath condo, located just steps from the historic Downtown Mall. Luxurious living spaces, spacious floor plan, fully loaded kitchen, hardwood floors, a private balcony, and secure parking. Enjoy vibrant downtown living! MLS#656160 $1,200,000 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455
HOLLY HILL
Charming cottage on 3+ acres in Ivy! Light-filled with living, dining, kitchen, sunroom, study, primary BR, bath, second BR on main floor. Lower level has bonus room, BR & bath. Recently updated floors, roof, sunroom tile. Private deck, mature landscaping, pond, Fiber Optic available. MLS#655171 $598,000 Charlotte Dammann, 434.981.1250
KESWICK ESTATE
Nestled near Keswick Hall lies Keswick Estate, a gated community offering a 2.10± acre building site blending country life with resort living in Virginia’s Blue Ridge Mountains. Build your dream home minutes from amenities like golf, dining, tennis, and more. MLS#650785 $470,000 Court Nexsen, 646.660.0700
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