550 Water St
Charlottesville, VA 22902
4 bd 4 ba 3,420 sqft Built 2022 condos
Most recent sale
$2,375,000
Apr 18, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 18, 2022 | Sold | $2,375,000 | MLS #629087 |
| Apr 15, 2022 | Listed | $2,375,000 | MLS #629087 |
| Oct 9, 2020 | Sold | $1,004,348 | Public Record |
| Jan 15, 2020 | Listed | $1,995,000 | MLS #599056 |
| Mar 28, 2019 | Price changed | $2,200,000 | MLS #584535 |
| Jan 4, 2019 | Listed | $2,500,000 | MLS #584535 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $2,044,300 | $304,100 | $2,348,400 | $22,563 |
| 2024 | $1,996,800 | $304,100 | $2,300,900 | $21,823 |
| 2023 | $1,911,200 | $304,100 | $2,215,300 | $21,295 |
| 2022 | $1,557,200 | $304,100 | $1,861,300 | $17,897 |
| 2021 | $1,246,500 | $175,700 | $1,422,200 | $13,541 |
| 2020 | $1,246,500 | $175,700 | $1,422,200 | $13,544 |
| 2019 | $1,246,500 | $175,700 | $1,422,200 | $13,542 |
Property facts
Year built
2022
Property type
condos
Stories
1
Beds
4
Baths
4
Living area
3,420 sqft
Lot size
—
ZIP code
22902
City
Charlottesville
Street
Water St
Coordinates
38.02887, -78.47869
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$14,250
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 550 Water St last sell?
550 Water St most recently sold on Apr 18, 2022 for $2,375,000.
What is the current tax assessment for 550 Water St?
The most recent total assessment for 550 Water St (year 2025) is $2,348,400 with $22,563 in property tax.
How does 550 Water St's assessment compare to its last sale price?
The current assessment is 1.1% below the last sale price of $2,375,000.
When was 550 Water St built?
550 Water St was built in 2022.
How does 550 Water St compare to others on Water St?
We track 8 other properties on Water St. Browse the list under "Other properties on Water St" to compare beds, baths, and sale history.
What are the property facts for 550 Water St?
550 Water St is a 4 bed, 4 bath, 3,420 sqft condos.
Is 550 Water St a flip candidate?
Yes — 550 Water St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 550 Water St a tax-appeal candidate?
No — 550 Water St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.1%
Implied 1-yr
-12.2%
2026 Q3
$517.9K
2026 Q4
$498.3K
ZIP 22902 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Water St