The Asking Price is 40% more than the tax assessment, and 22% higher than the 2005 purchase price. If you look at other listings, these percentages are entirely consistent with Charlottesville/Albemarle seller perceptions of increase in real estate "value," despite the glut of homes available (see below). (And in a recent post, this blog wondered if "22%" would mean anything when Brightman listed the home; little did we know....)
MLS# 475678, 3035 Blandemar Drive: 6,495 sq feet 4 beds, 4 full and 2 1/2 baths on 21.10 acres in the "Blandemar Farms" subdivision south of Charlottesville.
So...What's going on with all the $$$ listings all over Albemarle County? Why are so many supposedly monied owners trying to get out of here? Of the 91 single family homes that have come on the market in the past 7 days in Albemarle County, 13 have asking prices between $1M-$2.75M. Of the 753 single family homes currently listed, 105 have pricetags between $1-3M; there're about 50 listings priced higher, going up to $18M.
Business Insider: Sorry, UVA Alumni, We Gambled Our Endowment and Lost
PI Online Post About Brightman Resignation
The CAAR listing...click for larger image in new window.
Top image courtesy/copyright Albemarle County; bottom image copyright CAAR.