Monday, June 7, 2010

1214 Rugby Road - Price Reduced $700K - Remains the Most Expensive Listing In Charlottesville At $4.6M

1214 Rugby Road, designed by Eugene Bradbury,  is on 2 acres at the corner of Rugby and Oxford in the heart of the City.  The current owners bought at the top of the market in 2006 for $2.9 million.  1214 Rugby is currently assessed at $2.5M, after extensive renovations.  

“We’ve had a lot of strong interest and several showings,” said Sally Du Bose, the agent representing the home for Virginia Real Estate Partners, when it was featured in C-VILLE in April.  (Click for larger image in new window)
A 13% price drop isn't a 52% price drop.  But is it enough to get the place sold?
 Read Brendan Fitzgerald's C-VILLE article (subtitled "Will it go down in history, or in price?") here.
The CAAR data (which will expire when the listing does) is available here.
Image copyright CAAR.

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