Score
0North Garden, VA
4273 Burton Rd
300K
4 beds
2 baths
1,888 sqft
4 bd • 2 ba • 1,888 sf
This analysis was generated on 2/15/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$300,000
Price/Sq.Ft
$159
Year Built
1920
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Large Lot Size: The 2-acre lot provides ample space for gardening, outdoor activities, or future expansions. This is a desirable feature in North Garden, where larger properties are common.
• Proximity to Local Attractions: The property is conveniently located near wineries, breweries, cideries, and outdoor recreation areas. This makes it attractive to those seeking a rural lifestyle with access to leisure activities.
• Character and Charm: The 1920s farmhouse has historical character and charm. Many buyers are drawn to older homes with unique architectural details.
• Price per Square Foot: At $158.90 per square foot, the property is priced competitively compared to the median listing price per square foot in Albemarle County, which was approximately $250 as of Q4 2023.
• Minimal Flood Risk: The property has a minimal flood risk (1/10), which reduces the likelihood of flood damage and the need for flood insurance. The FEMA zone is X_UNSHADED which means it is outside the flood zone.
The Bad
• Significant Renovation Required: The listing explicitly states the home is 'brimming with potential' and 'ready for your personal touch,' which indicates it needs substantial work. Buyers should expect to invest significant time and money into renovations.
• Unknown Condition of Systems: The listing doesn't provide specifics about the condition of the HVAC, plumbing, electrical, septic, or well systems. Given the age of the home (built in 1920) these systems are likely outdated and may require replacement. It is recommended to have the systems inspected.
• School Ratings: The local schools have relatively low ratings (2/10, 4/10, and 5/10). This may be a concern for buyers with children, potentially impacting resale value.
• Price History: The property has been on the market for a while, with multiple price changes. Initially listed at $370,000, it's now at $300,000 after a 14% price decrease. This could indicate issues with the property or an overestimation of its initial market value.
• Commute: Although close to route 29, the commute to Charlottesville and surrounding areas can be significant. Expect to drive at least 20-30 minutes to reach major employment centers.
The Ugly
• Age and Condition: A 1920s farmhouse requires significant maintenance and upkeep. Buyers should expect to address issues like aging plumbing, electrical wiring, and potential structural problems. Deferred maintenance can lead to costly repairs.
• Septic and Well System Risks: Properties with septic systems and wells are subject to potential failures and water quality issues. Septic systems require regular maintenance and may need to be replaced if they fail. Well water should be tested regularly to ensure it is safe to drink.
• School Ratings: The low school ratings could deter families with children and potentially impact resale value. Buyers should research alternative schooling options if this is a concern.
• Heating and Cooling: The listing states 'Central, Heat Pump' and 'Heat Pump'. The house may not have central air conditioning. Heat pumps are less efficient than central air in the summer. Depending on the insulation, the house may be difficult to heat and cool.
• Insurance Costs: Older homes can be more expensive to insure due to the increased risk of damage from fire, water, or other hazards. Obtain insurance quotes to determine the actual cost of insuring the property.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers seeking a project with significant renovation potential: This 1920s farmhouse offers a chance to restore a historic property, with the freedom to customize and update it to modern standards. The large 2-acre lot provides ample space for expansion or adding amenities.
• Buyers drawn to a rural lifestyle with convenient access to local attractions: North Garden's proximity to wineries, breweries, and outdoor activities makes it ideal for those seeking a tranquil setting without complete isolation. The location near Route 29 provides relatively easy access to Charlottesville and other nearby areas.
• Buyers comfortable with older homes and potential maintenance needs: Given the property's age, buyers should be prepared for potential repairs and upgrades typical of a century-old farmhouse. This includes systems like plumbing, electrical, and the potential for lead paint or asbestos.
• Buyers interested in gardening or outdoor recreation: The 2-acre lot provides ample space for gardening, outdoor activities, or even keeping animals. The serene surroundings offer a peaceful environment for enjoying nature.
Not For
• Buyers seeking a move-in ready home: This property requires significant renovation and updates, making it unsuitable for those who prefer a home that is immediately habitable.
• Buyers on a tight budget: The cost of renovations, combined with potential maintenance expenses associated with an older home, may exceed the financial capacity of some buyers. High-speed internet may not be available.
• Buyers who prioritize walkability and urban amenities: North Garden is a rural area with limited access to grocery stores, restaurants, and other conveniences. This property is not ideal for those who prefer a walkable neighborhood with easy access to city amenities.
• Buyers concerned about environmental risks: While the flood and air quality risks are low, the moderate fire risk may be a concern for some buyers. The reliance on septic and well systems also presents potential environmental considerations.
Demographics
Area Median Income
$70,682
Property History
Price History
Ownership Timeline
$0Financed
Dec 23, 2017Nicole M AverillNicole M Averill, Michael C Giordano
Gift Deed
Non-Arm's Length Transactions
$174,300Financed
Aug 3, 2016Michael C Giordano, Dorene GiordanoNicole M Averill
Deed
Non-Arm's Length Transactions
$190,000Financed
Nov 14, 2012Fannie Mae, Federal National Mortgage AssociationNicole M Averill, Michael C Giordano
Deed
Standard Sale (Purchase/Resales)
$309,202Cash Purchase
May 29, 2012Sterling L RobinsonFederal National Mortgage Association
Trustees Deed
Foreclosure
Property Taxes
$0
2023 Tax Assessment
Assessed Value$284,600
Tax Rate0.00%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
2.0/10
Below AverageMiddle
4.0/10
AverageHigh
5.0/10
AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,165
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