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$260,000

  • Sold
  • Closed
  • Apartment
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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 Residential....VACU2011926 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 . 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 for 402 Spencer

General

  • Sold For: $260,000
  • Taxes: $2,002 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: BrightMLSMidAtlantic
  • MLS ID: VACU2011932
  • Added to Site: 82 day(s) ago

Business

  • Business Type: Apartment Building, Other

Parking

  • Total Spaces: 1
  • Parking Type: Other

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

  • Elementary School: Pearl Sample
  • Middle School: Floyd T. Binns
  • High School: Eastern View

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Asbestos
  • Foundation: Block, Brick/Mortar
  • Roof: Asphalt
  • Building Size: 3190
  • Year Built: 1953
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

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.: $93.73
  • Assessment Year: 2024
  • City/TownTax: $247
  • City/TownTax Freq: Annually
  • County Tax: $1,756
  • County Tax Freq: Annually
  • Tax w/Assessment: $373,600
  • Tax Amount: $2,002
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Montague, Miller & Company, Pamela Griffin Deslauriers
Sold by CENTURY 21 New Millennium, Victoria Regina Jenkins

Listing agent

— 402 Spencer —

  • Pamela Griffin Deslauriers

    Montague, Miller & Company

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 402 Spencer

School District:Culpeper County Public Schools
NameGradesDistance
Pearl Sample Elementary School
18480 Simms Drive, Culpeper, VA 22701
PK-52.3 mi
Floyd T Binns Middle School
205 Grandview Avenue, Culpeper, VA 22701
6-80.9 mi
Eastern View High School
16332 Cyclone Way, Culpeper, VA 22701
9-122.5 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

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.

Listed by Montague, Miller & Company, Pamela Griffin Deslauriers
Sold by CENTURY 21 New Millennium, Victoria Regina Jenkins

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Recent Sales near 402 Spencer

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402 Spencer St, Culpeper, VA 22701 - Photo 1 Sold
$260,000

402 Spencer St  Culpeper, VA 22701

  • Single Family
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  • 5
    Beds
  • 2
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  • 3,189
    Sq. Ft.
Listed by Montague, Miller & Company, Pamela Griffin Deslauriers
Sold by CENTURY 21 New Millennium, Victoria Regina Jenkins
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614 N Commerce St  Culpeper, VA 22701

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    Sq. Ft.
Listed by Heritage Real Estate Co., MILENA WEBB and Heritage Real Estate Co., STEVEN REESE
Sold by Default Office, Default Agent
213 W Fairview Rd, Culpeper, VA 22701 - Photo 1 Sold
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616 Lonetree  Culpeper, VA 22701

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    Total Baths
  • 1,646
    Sq. Ft.
Listed by Apex Home Realty, Samer Y. Makhlouf and Apex Home Realty, Ramez Samer Makhlouf
Sold by Non Subscribing Office, NON MEMBER

402 Spencer, Culpeper, VA 22701 (MLS# VACU2011932) is a Apartment property that was sold at $260,000 on December 19, 2025. Want to learn more about 402 Spencer? Do you have questions about finding other Apartment real estate for sale in Culpeper? You can browse all Culpeper real estate or contact a Coldwell Banker agent to request more information.