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$260,000
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Property Description
Property Description (Do Not Enter the Home) Fantastic Redevelopment Opportunity - Downtown Culpeper! Premier corner lot (0.44 acres) located in the Town of Culpeper. The existing structure is unsafe to enter and more than likely needs to be demolished. Favorable zoning and generous lot size provide excellent potential for redevelopment - build a duplex or 5 unit apartment building for income or your dream home close to downtown amenities. See site plan for 5 unit apartment building, approval most likely in the next 30-40 Days. This is also listed in Commercial....VACU2011932 The property was last used as a duplex with separate entries to a 3 BR / 1 BA unit and a 2 BR / 1 BA unit, totaling approximately 3,200 sq. ft. (per tax records). Structure is uninhabitable and offers no value. Being sold as-is. Highlights: Lot Size: 0.44 acres (corner lot) Zoning: Favorable for multi-family or single-family (verify with Town of Culpeper) Location: Walking distance to downtown shops, dining, and entertainment Utilities: Public water and sewer available Structure: Unsafe - demolition required
Full Property Details
Full Property Details for 402 Spencer St
General
- Sold For: $260,000
- Taxes: $2,002 (2024)
- Status: Closed
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: VACU2011926
- Added to Site: 81 day(s) ago
Interior
- Rooms/Areas: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1, In-Law/auPair/Suite, Other, Storage Room, Utility Room
- Fireplace: Yes
- Number of Fireplaces: 8
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Upper: 2
- Bedrooms Main & Up: 3
Exterior
- Porch/Patio/Deck: Porch(es)
Parking
- Carport Spaces: 1
- Total Spaces: 1
- Parking Type: Detached Carport
Location
- County: CULPEPER
- Subdivision: TOWN OF CULPEPER
- Driving Directions: Use GPS from your location. Once in Culpeper. From Rt. 29 take ramp toward Culpeper, US-15-BR S/US-BR S. Follow to traffic circle, take 3rd exit from circle to N. Main St. Follow to Left on East Spencer St., follow to 402 on left (corner lot).
- Location Details: Corner Lot/Unit
- City Limits: Yes
School Information
- School District: Culpeper County Public Schools
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Septic
- Water: Public
Structural Information
- Architectural Style: Colonial
- Structure Type: Detached
- Construction: Asbestos
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Side Entrance, Unfinished
- Foundation: Crawl Space
- Roof: Asphalt
- Stories Description: Lower 1, Lower 2, Main, Upper 1, Upper 2
- Square Feet: 3,189
- Sq. Ft. Source: Estimated
- Living Area: 3,189 Sq. Ft.
- Finished Above Grnd: 3,189 Sq. Ft.
- Year Built: 1953
- Year Built Source: Estimated
Additional Structures
- Other Structures: Shed
Lot Features
- Lot Size (Acres): 0.44
- Lot Size (Sq. Ft.): 19,166
- Lot Size Source: Estimated
- Street/Road Desc.: Black Top
- Zoning: R2
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $93.76
- Assessment Year: 2025
- City/TownTax: $247
- City/TownTax Freq: Annually
- County Tax: $1,756
- County Tax Freq: Annually
- Tax w/Assessment: $397,100
- Tax Amount: $2,002
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Section: 1X
Listed by Montague, Miller & Company, Pamela Griffin Deslauriers
Sold by CENTURY 21 New Millennium, Victoria Regina Jenkins
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Schools
Schools serving 402 Spencer St
School District:Culpeper County Public Schools
| Name | Grades | Distance |
|---|---|---|
Pearl Sample Elementary School 18480 Simms Drive, Culpeper, VA 22701 | PK-5 | 2.3 mi |
Floyd T Binns Middle School 205 Grandview Avenue, Culpeper, VA 22701 | 6-8 | 0.9 mi |
Eastern View High School 16332 Cyclone Way, Culpeper, VA 22701 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 402 Spencer St
Date
Details
Price
Change
Source
12/19/2025
Sold
$260,000
-13.04%
MLS
11/13/2025
Price Reduced
$299,000
-17.86%
MLS
11/07/2025
Price Reduced
$364,000
-3.96%
MLS
10/26/2025
Listed
$379,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
402 Spencer Street, Culpeper, VA 22701 (MLS# VACU2011926) is a Single Family property that was sold at $260,000 on December 19, 2025. Want to learn more about 402 Spencer Street? Do you have questions about finding other Single Family real estate for sale in Culpeper? You can browse all Culpeper real estate or contact a Coldwell Banker agent to request more information.

