Frequently Asked Questions

How much are the condo fees? Currently, they are $162.41 a month.

What do the Condo Fees cover? Building Maintenance, Landscaping/Grounds, Janitorial for the common areas, trash collection, exterminating, snow removal, electricity for common areas, pool service, security, office expense, insurance, management fees, and taxes.

Do units have high-speed internet access? Yes, they are wired for high-speed internet, but you set up your own account with the internet company.

Do units have an intrusion alarm? Yes, but to activate it and have it call the police, you must set up an account with the company and pay for the service.

Is parking assigned? NO, spaces are first come first serve, but parking is free.

Are pets allowed? Yes, the keeping of ordinary domestic pets (e.g., dogs, cats or caged birds) weighing up to 100 lbs. and not exceeding one per residence without the approval of the Board of Directors. Guide animals and aquarium fish (and other limited species of animals that do not normally leave the Unit and which do not make noise) are permitted.

Do you have additional storage? Each Riverbend residence has an extra storage closet outside on the balcony.

What appliances convey in the units? washer/dryer, dishwasher, range and refrigerator.

If I decide to move, can I rent out my unit? Leasing is allowed so long as it's not for transient/hotel purposes, there is a formal, written lease, the lease requires compliance with the condominium documents, the lease allows the UOA to evict the tenant for violating the condo documents, and a copy of the lease is filed with the UOA.

What is going to be built on the adjacent land (open area to the left of the parking lot)? Nothing will be built on the land by to the left of the Club House and parking lot and it belongs to Albemarle County Green Space and it is preserved land.

What is the average cost for real estate taxes? The City won't assess the units until we file the declaration, so we have no idea what tax assessments will be yet. For closing purposes, tax prorations will be based either on the purchase price or a percentage of the overall property tax bill (see Section N of the Public Offering Statement), multiplied by the tax rate (currently $1.05/$100 in the City).

Are you currently under construction? NO, Riverbend was built in 2002. The community is completely built.

When are units available for occupancy? After closing escrow on an available unit.

For an investor, is there assistance in finding a tenant to lease? You may manage it yourself.

Distance to UVA grounds and distance to UVA medical center? Riverbend is 4.5 miles from UVA.

What are Elementary schools and pre-schools nearby? Riverbend: Stone Robinson and for more info see http://www.k12albemarle.org/.

Are you on the bus line? Riverbend: yes, the county bus line stops in the Pantops Shopping Center.

Riverbend Condominiums
340 Riverbend Dr.
Charlottesville, VA 22911
Phone: (434) 984-BEND (2363)
Fax: (434) 984-4848
Email: info@riverbendvirginia.com