3 elm ct, Palmyra, VA 22963

Property is being sold through a virtual auction. Property conveys as is, where is. List price does not reflect the final sale price. There is a 10% buyers premium added to the high bid. Subject to seller confirmation. Virtual auction ends on the listing company website, July 24th, 2026 @ 2pm Own a Pool Home in Gated Lake Monticello 3 Elm Ct, Palmy

ra, VA 22963 | 5 Bed / 4 Bath / 3,370+/- SF with Finished Basement | 1.18+/- Acres | Saltwater Pool This is the deal investors and owner-occupants wait for: a structurally sound, larger-than-average home inside one of Central Virginia's most sought-after gated lake communities with needed repairs and updates factored into the Seller's Reserve.

Livable now. Transformable later. You don't have to renovate to move in - this home lives comfortably as-is on public water and sewer, in low-risk Flood Zone. The big-ticket items are simply accounted for up front in the seller's Reserve: roof, HVAC, and water heater are at end of life, and the finishes are ready for your stamp.

That's not a warning label - it's the opportunity. Buy right today and update on your own timeline, capturing the value yourself instead of paying a flipper to do it for you. The assets that set this one apart: In-ground saltwater pool (792+/- SF) with a pump only ~5 years old - a true amenity in this market and a genuine draw Oversized 1.18+/- acr

e lot - the "BIGGER LOT" of record, versus the typical quarter-to-half-acre parcel next door Indoor-outdoor living built in - a 626+/- SF deck, a second 528+/- SF deck, covered porch, and a storage shed 3,370+/- finished SF across two stories plus a full basement (778+/- SF already finished) - room to spread out or add living space below grade Mech

anical & structural - heat pump with central air, concrete-block foundation, gable composition roof A community that sells itself. Lake Monticello is a gated, privately-patrolled waterfront community built around a 350-acre lake with boating, fishing, and swimming at five beaches.

Members tee off on an 18-hole golf course served by Fairway Clubhouse and host to the annual Faulconer Invitational, and cool off at the Ashlawn Clubhouse pool. Add pickleball and basketball at Lafayette Park with its 2023 playground, plus fishing and canoeing on 35-acre Tufton Lake - all for HOA dues of roughly $1,200 a year.

The home feeds into Fluvanna County Public Schools, rated B-plus by Niche, and sits about 30 minutes and 15 miles from Charlottesville and the University of Virginia. Homes in this community don't trade at a discount - except this one. Membership gives you access to: Boating and fishing on Lake Monticello Access to the Marina, boat launches, slips,

and racks Swimming at five beaches and access to the pool Access to the golf course Multiple playgrounds, basketball courts, pickleball, and tennis courts Walking track and ball field Park and Walk paths through quiet community streets Two equipped clubhouses for public and private events Access to The Bistro dining and catering Association-sponsor

ed events that engage members in a variety of community activities Built for every kind of buyer: Investors & flippers - a clean property with the bones and the location to reward a smart renovation Contractors & renovators - you already have the crews; turn the roof / HVAC / cosmetic scope straight into your next project Owner-occupants - get into

a gated lake community and build the home you want, on your own schedule Renovation-loan & 203(k) buyers - finance the improvements into your purchase and make it yours from day one Anyone who wants more - more house, more land, more amenities, and a pool, in a community people pay to get into RealAVM $582,300 Confidence Score 93 RealAVM Range $542,200 - $622,300 Forecast Standard Deviation 7 Value As Of 06/08/2026