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Real Estate Weekly www.cAAr.com
CAAR
vol. 21 no. 04 n jAnuAry 26 - februAry 1, 2012
A PublicAtion of the chArlottesville AreA AssociAtion of reAltors速 Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange
Life in a
college town Offers Something for Ever yone By Marilyn PriBus
leAse PurchAse Agreements Benefit Home Buyers and Sellers
Caar YearEnd
mArket rePort
january 26 - february 1, 2012 | Issue 21-04
Residential Brokers
Glen love
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
A rare offering at this price after a significant reduction, Glen Love is surrounded by 122 acres suitable for grape cultivation. Built by one of VA’s most esteemed builders with unparallelled craftsmanship throughout. Splendid pool and formal gardens. Call/ email for more information -- Anya Scott, 434-8821777, anyashomes@gmail.com
Beau Mont
Gracious, rambling comfortable home on 2 ac., in Western Albemarle, minutes from town. Custom built by one of Charlotteville’s finest builders with 5 bedrooms and study ( inc. master suite on main level), and 3.5 baths. Ceramic tiled kitchen and bathrooms. Sweeping lawns and curved driveway with cobblestone paving. Stucco exterior, oversized 2 car garage. $625,000. Ring Sonja 981-3523
ring sonja 434-981-3523
Sonja Casero has 20 years of experience in the real estate industry. She prides herself in knowing that this experience is something her clients can depend on as she works hard to ensure successful transactions. She is committed to integrity and a straightforward approach. She goes above and beyond normal service expectations and never stops looking out for your best interests. She feels strongly that in this business people come first. As a result, she gives 110% in every transaction. Over 90% of Sonja’s business is personal referrals - why don’t you ring Sonja to see why her clients come back to her again and again?
123 WoodstoCK drive
Fantastic neighborhood. City convenience, county taxes on over 3/4 acre. Close to Barracks Rd Shopping and bus lines. Lovely mature landscaping, brick and brand new siding exterior. Relax in the lovely wrap-around sunroom with ceiling fans. Hardwood and tile floors, fireplace, built-in shelves, chair rail, crown molding, kitchen with updated appliances and pretty, eco-friendly linoleum floor. Great terrace level family rm. Beautiful bay window in living room. $289,000 Call Eve: 434-825-1878
5+ aCres in Murray sChool distriCt
2 lots available boasting over 5 acres....this is an incredible opportunity to build (bring your own plans/ builder). Located approx. 8.5 miles to town and UVA! Gracious country living yet close proximity to all that Cville has to offer! $160,000 Call Sharon 434-981-7200
Call sharon 434-981-7200
Sharon donovan, a native of Charlottesville, grew up around the construction industry and has watched Charlottesville and the surrounding area grow and blossom into one of the top ten places to live in the country. In 1980 Sharon began her career in real estate and went on to attain her broker’s license. She combines tremendous energy, experience, enthusiasm, and extensive knowledge of the local real estate market to give her clients and customers the best service one would expect from a top producer. Sharon utilizes her superior market knowledge to transform the often-stressed home search process into one of enjoyment and satisfaction.
Call eve 434-825-1878
Eve Hesselroth lives in Charlottesville with her husband and two amazing children, Aidan and Maya. She has experienced Charlottesville as a teenager, a UVA student, a parent and a professional. Eve utilizes all of those perspectives to help her clients find the perfect home, or market the house they are selling. She is highly enthusiastic about matching people up with the right place for them. She brings patience, warmth and a sense of humor to the home buying process. To learn more about Eve, check out her LinkedIn profile: www.linkedin.com/pub/0/7a3/434 or email her at evefhi@gmail.com.
liGht filled/Quality ConstruCtion
Custom built by local builder w/ fine finishes & attn to detail. Hrdwood flrs, over-sized ktchn that opens to b-fast bay and fam room w/ fp. Over 2 in sought after Keswick area of Albemarle. Located just outside main gate to Keswick Hall and just 10 mins to town! $575,000 Call Sharon 434-981-7200
#!,, 3(!2/.
City livinG County taXes
So convenient - near Barracks Rd, schools and UVa, with attached garage on main level. Great floor plan with charm and character, hardwood floors, built in bookcases and brick fireplace in family room. Living room, formal dining room, family room , kitchen and master bedroom suite all on same level. Two more bedrooms & bathroom upstairs and tiled rec room and bathroom in walk out basement. Large lot with mature trees and bushes and patio. $329,000. Ring Sonja 434-981-3523
laurie ripper Kelly 434-882-1194 Laurie Ripper Kelly moved to Charlottesville from Northern Virginia to attend U.Va. for undergrad and law school, and has turned her passion for real estate into a fulfilling career. She enjoys using her expertise to help her clients navigate the complex process of buying or selling a home. She is certified as an e-pro Internet Specialist and American Conservation Broker. Email Laurie at laurieripperkelly@gmail.com for more info.
anya scott 434-882-1777
• Available to show property on short notice. • Real estate investor and world traveler. • Raised in Moscow and New York City, chose to make Charlottesville home 18 years ago. • Graduate of The College William and Mary, background in the performing arts. • Mother of two, very well versed in area schools and children’s cultural and athletic programs. • Keen understand and appreciation of individual tastes and needs. • Fluent in Russian • anyascott@gmail.com or call 434-882-1777
4 1 7 P a r k S t . • C h a r l o t t e S v i l l e , va 2 2 9 0 2 • 4 3 4 - 2 9 6 - 0 1 3 4 • w w w . f a r m a n d e S t at e . C o m
Equal Housing Opportunity
Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
What’s Inside:
). %6%29 Real Estate Weekly FREE
www.cAAr.com
CAAR
vol. 21 no. 04 n jAnuAry 26 - februAry 1, 2012
Issue:
A PublicAtion of the chArlottesville AreA AssociAtion of reAltors® Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange
*!.5!29 &%"25!29
PAGE
Life in a
college town Offers Something for Ever yone By Marilyn PriBus
leAse PurchAse Agreements Benefit Home Buyers and Sellers
Caar YearEnd
mArket rePort
18
Benefit Home Buyers and Sellers By CeleSte M. SMuCker, PHD
college town Offers Something for Everyone
22
CAAr 2011
Year-End Market Report
Sold i n 2 0 1 1 Fontana
Forest Lakes
Signal Hill
Belvedere
Marshal Place
Hickory Ridge
Homes for the First-Time Homebuyer ..........................17 Lots, Land & Acreage...........................17
Home finance
Lease Purchase Agreements Benefit Home Buyers and Sellers .....................18 By CeleSte M. SMuCker, PHD
real estate news
CAAR 2011 Year-End Market Report.....22
By tHe CHArlotteSville AreA ASSoCiAtion of reAltorS
By MArilyn PriBus
Life in a College Town Offers Something for Everyone .........................12 By MArilyn PriBuS
Lease Purchase Agreements
Life in a
feature
By tHe CHArlotteSville AreA ASSoCiAtion of reAltorS
25 Home Sales Stats.................................23 25 Classifieds ...........................................23
NExt WEEk:
• Why Seniors Love Central Virginia
New liStiNgS
Call Gracie if you’re thinking about selling or buying in 2012
Gracie Haines
2604 HUNtiNgtoN RoAd Absolutely charming and completely renovated. Eat-in kitchen/dining area is the heart of the home with a cozy fireplace, hardwood floors, upgraded kitchen & bright family rm/sunroom.1st floor master bedroom has hardwood floors, 2 closets. Hardwood floors continue in large living room with another fireplace. Plenty of storage in full walk-up garage attic. 2 BR and full bath upstairs. New deck, 1.3 acres! MLS# 494970 $349,000
434-953-8183
GracieHaines@comcast.net www.GracieHaines.com Abington Place
Mcguffey Hill
Belvedere
Charlottesville
Grayrock - Crozet
Lake Monticello
Wetsel Village
Country Meadows
950 mAdiSoN dRive Space for everything and everyone! This home features newly exposed & refinished hardwood floors, 5 spacious bedrooms, eat-in kitchen, heated sun room overlooking pool & 4 car garage. New roof and HVAC in last 2 yrs. More hardwood under carpet. Flowing floorplan - Great for teens and inlaws. Located in established Bedford Hills, a mt-view neighborhood, on 2 acres! Convenient to Cville, Uva, 29North shopping and employers! MLS# 494857 $449,000
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
12
Open House Quick Search ..........................6 Open Houses ................................................. 7 Neighborhoods ................................... 8-9
january 26 - february 1, 2012 | Issue 21-04
Montague, Miller & Company
R E A LTORS 速
NEw TO ThE MarkET
IC E PR W NE
NEw TO ThE MarkET
FEATURED PROPERTY !
E BUILT
View All Area Homes for Sale, Visit MontagueMiller.com
eDnaM FoReST
near Boars Head inn & Farmington.LR w/FP, formal DR, walls of windows, vaulted ceilings & expansive deck. 3 BR/3.5 Baths, 1st flr master. MLS# 495105, $750,000. anita Dunbar, 981.1421. Barb McMurry, 996.4120
Lake Reynovia
Cul-de-sac home w/formal LR & DR, 2story great rm, 4 BRs including 1st floor master, hrdwd floors, Palladio windows, home office, 2-car garage & terrace level w/rec room.MLS# 495231, $362,500. alice nye Fitch, 434.981.4562
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
WiLLiaMSBURg StyLe
Very pretty 2 story colonial on private wooded lot in advance Mills. Lots of charm with oak hardwood floors and period design details. Warm walnut cabinetry in the kitchen with recent upgrades to all appliances. nice screened porch off of the dining room also has a deck beyond. The acreage is mostly wooded with lots of privacy and serenity. Full unfinished walk-out basement for expansion options. invisible fence for pets and nice sized open yard space. MLS# 490666, $249,000. Joe Porterfield, 434.906.1616
tWin LakeS
Wonderful 3 BR w/unfin. bsmnt in Ruckersville. Superb property w/open floor plan. Hrdwd floors, high ceilings, back deck, front porch, fireplace, on 0.76 acres! MLS# 494528, $181,000. Sal Milione, 434.882.4000
PeRFeCt FoR HoRSe LoVeRS!
3 aC board-fenced pasture, creek, 4stall stable, tack/feed room, paddock, storage sheds, fenced yards for goats, dogs, etc. 2788 sf residence. one level living w/1st floor MBR. $375,000, MLS# 492296. alice Fitch 434.981.4562
CLoSe in - ReDFieLDS
4 BR, 3.5 Ba home near UVa! Fam Rm w/ gas FP opens to an eat-in kit w/ island. Ma suite w/vaulted ceilings, walk-in closet, dbl vanity, jetted tub. MLS# 494767. $364,900. Ronda McCauley, 434.760.1718
gReat VieWS in FiSHeRSViLLe
Raised ranch design w/recent updates incl/stonework inside & out, ceramic tile, 2 level deck. Ma suite w/Ba & walk-in closet, whirlpool tub. MLS# 486583. $214,900. Trish owens, 825.5393. kyle olson, 540.649.4131
ConDo/oFFiCe SPaCe
Prime location for your office or practice. 4 dentists in this building. 2 entrances, lots of parking. Call or e-mail adunbar@cfw.com for a showing. MLS# 491726. $299,500. anita Dunbar, 434.951.7135
on 5+ aCReS in ivy
Private transitional home, offered by original owner. 2 car garage, 1st floor master, formal DR, large well proportioned rooms, generator. Built by greer & Silverman MLS# 494559, $725,000. alice nye Fitch, 434.981.4562
HeSSian HiLLS
4 BR/3.5 Ba Colonial on park-like corner lot. Formal LR & DR w/bay windows. Hdwd floors, upgraded kit w/ granite, new stainless appliances & eat-in area. MLS# 488625, $479,000. Ronda McCauley, 434.760.1718
BeSt Buy in SPRing CReek!
gated community w/first class golf course. Bargain priced home - only 15 min to Cville, 40 min to Short Pump. Walk to the rec facilities & driving range. excellent condition! MLS# 494598, $215,000. Carol Costanzo, 434.962.1419
ViLLage CoMMonS-oLD tRaiL
Wonderful Model Home built by Peak Builders,Ltd. in early complete w/great detail. 9 ft ceilings, garage, Cherry Cabinets in kit, oak Floors.3 BR, 2.5 Ba. MLS# 487471. $399,000. andrea gruber 434.960.7738
Cozy CaPe in WayneSBoRo
on corner lot w/shade trees & fenced yard. MBR, Ba & utility area on 1st floor. Carpets over hdwds. Recently installed HVaC. Priced for quick sale! MLS# 61241, $90,000. Mike Vest, 540.294.4446
Charlottesville: Westfield 434.973.5393 800.793.539 434.973.5393 800.793.5393
We will raise your expectations of a real estate company!
Stonegate | WeSteRn RiDge
open floor plan w/1st floor M + two huge BRs, loft area. This home has the layout you’re looking for and is ready for your finishing touches to make it perfect for you! MLS# 494967, $289,000. Karyn Trumbull, 434.951.7191
gLenMoRe
Fantastic floorplan with space for all. 6 BR, 5.5 Ba, great room w/stone fireplace, gourmet kitchen, fabulous lower level with media rm & wetbar. $849,000. MLS# 478071. glenmore Marketing team 434.951.7160
aLBeMaRLe Co neaR ngiC
exquisite one level 4141SF home. 11+ aC w/2 buildable lots. Magnificent setting overlooking a 10 ac lake, w/ floating dock, & beach. See also MLS 486111. MLS# 487248. $899,900. Carol Costanzo, 434.962.1419
FRenCH CounTRy HoMe
on 4 private acres near Dt Cville, this 5900 sq ft home has 3 BR suites, luxurious Ma suite, granite, marble, hrdwd floors, formal DR, library, and 3 car garage. MLS# 484676, $824,900. anita Dunbar, 434.981.1421
aFFoRDaBLe FaRMeTTe
Home+23 acres. Multiple farm bldgs & fenced areas! 23 acres in albemarle Co. 1 div. right for sep 2 acre lot. Built in 1998 & wing added ‘05. Creek & Stream! MLS# 490552, $465,000. trish owens, 434.973.5393
DoWntoWn City CHiC!
this Charlottesville Water St. condo has 2100+ fin. sq.ft on two levels. 3BR, 2.5 Ba, 793 ft of oUt DooR space on top floor! Buyer makes final selections! $800,000. MLS# 476717. Trish owens, 434.825.5393
NEw prIcE!
NEw prIcE!
NEw TO ThE MarkET
View Our Upcoming Open Houses, Visit MontagueMiller.com!
aUgUSta Co - CRaigSViLLe
great Mtn Views! Spacious one story home. Lots of cabinets & counter space in Kit - opens up to DR & LR. Lg Ma suite, walk-in closet, soaking tub w/jets, shower. oversized closets. MLS# 494521, $64,298. Kyle olson, 540.649.4131
PRoFFit Station RoaD
Bring offers! new Price! great starter home or rental property. 3 BRs, 1.5 Ba on 3 acres. Several outbuildings & carport. Large homesite w/garden. near town/shopping. MLS# 489275, $64,900 Doug Burke, 434.996.6791
UniVeRSity ViLLage
end unit w/mtn views,in of one Cville’s premier 55+ condo communities. Conv. to Boars Head inn, Farmington CC, UVa, & shopping. MLS# 486799. $285,000. anita Dunbar, 434.951.7135
L A N D O P P O RT U N I T I E S ViLLage oF eaRLySViLLe
DoWntoWn WayneSBoRo
Building has 3 separate units. Retail space varies dependent upon use. each unit has 1/2 bath. top Unit has Kit. Sold aS iSSeller Will Make no Repairs. Some owner Financing available. MLS# 492508, $200,000. Kyle olson, 540.649.4131
RoSeMont BUiLDing Lot
5.18 acre parcel for your dream home. nice Country setting, 10 min to town. open pasture & mature hdwds. no Hoa, bring your blder, 4 BR perc. MLS# 489724. $239,000. Joe Porterfield, 434.906.1616
Lot 27-Level 11.2 acre homesite w/mtn views, creek, & pond frontage across Rosemont Dr. opportunity to build in established ivy neighbrhd close to C’ville. MLS# 484660, $450,000. Carter Montague, 263 5088
Lot in FaiRgRoVe ii-eaRLySViLLe
8.17 aCReS - toP oF CaLF Mtn
opportunity to purchase a beautiful 2.1 acre lot in Fairgrove ii located between earlysville/Charlottesville. gently rolling. Very nice property. MLS# 488225. $79,000. anita Dunbar, 434.951.7135
Charlottesville: Downtown 434.227.4444 866.435.9764
Woods gap/Jarmans gap Rd. Views east/West. Several homesites. Corners marked/survey complete. Property sides Shenandoah nat’l park next to trail. MLS# 489798. $95,000. Doug Burke, 434.951.7122
CounTRy HoMe on 6.8 aCReS
Privately situated on 6.8 acres. Built of traditional masonry stucco, stone, & cedar shake, reclaimed antique flooring, & screened porch off Ma suite. Fin. attic for a studio/getaway. MLS# 490555, $749,000. Rives Bailey, 434.227.4446
exCePtionaL VieWS
Lovely 3Br/1Ba home in Stanardsville -excellent condition. Beautiful hdwd floors, fresh paint, new windows, ceiling fans, gas FP, & dream kitchen with extra wall oven. $178,000. MLS# 489774. Mandy Bass, 434.962.9730
gLenMoRe
Beautiful two Story with european flair. 1st Level Master, guest rooms on 2nd level. Finished terrace level. MLS# 482587. $895,000. glenmore Marketing team, 434 .951.7160
Home
Concierge Services
434.951.7161 office
concierg@montaguemiller.com We’ll find you a perfect fit for all of your home repair and remodeling projects!
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
93
Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
january 26 - february 1, 2012 | Issue 21-04
house
4325 BEAVER CREEK RD EARLYSVILLE FOREST DET MLS# 490523 $285,000
quick search
28 january
2 0 12
Albemarle 102 WICKHAM POND DR WICKHAM POND PAT MLS# 491340 $236,025
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
1565 NEWCASTLE CT PAVILIONS AT PANTOPS ATH MLS# 490341 $359,900 15 WINDMERE LN OLD TRAIL PDT MLS# 485318 $482,990
101 LONGWOOD DR LONGWOOD ATH MLS# 484693 $248,900 2230 BANBURY ST GREENBRIER DET MLS# 492734 $259,000
fluvanna
greene
1565 NEWCASTLE CT PAVILIONS AT PANTOPS ATH MLS# 490341 $359,900
209 AUGIE ALLEY SYCAMORE SQUARE PAT MLS# 487523 $144,990
113 HOLLY HILL DR HOLLY HILL PDT MLS# 487642 $224,990
5633 UPLAND DR OLD TRAIL ATH MLS# 489352 $379,695
656 JUSTIN DR SYCAMORE SQUARE DET MLS# 492438 $244,990
59 LARCHMONT CIR GREENECROFT PDT MLS# 478964 $229,990
4160 BLEAK HOUSE RD NONE DET MLS# 492909 $429,900
71 VENABLE CREEK LN VENABLE CREEK SOUTH DET MLS# 479080 $399,950
louisa
416 KEY WEST DR KEY WEST DET MLS# 495149 $432,000
92 VENABLE CREEK LN VENABLE CREEK SOUTH DET MLS# 479081 $399,950
15 WINDMERE LN OLD TRAIL PDT MLS# 485318 $482,990
Goochland
jan u a r y 2 8 th & jan u a r y 2 9 th
saturday
2095 AVINITY LOOP AVINITY ATH MLS# 487264 $326,312
charlottesville
45 TURKEY TROT LN SPRING CREEK DET MLS# 493978 $399,990 56 BEAR ISLAND PKWY SPRING CREEK DET MLS# 492369 $497,300
sunday
5345 RAVEN STONE RD FOOTHILL CROSSING DET MLS# 489422 $499,900
45 TURKEY TROT LN SPRING CREEK DET MLS# 493978 $399,990 301 KESWICK GLEN DR KESWICK GLEN DET MLS# 493868 $399,900 56 BEAR ISLAND PKWY SPRING CREEK DET MLS# 492369 $497,300
All information deemed accurate as of 9:30 a.m. Tuesday, January 17th 2012 as per CAAR MLS Open House data.
greene
29
fluvanna
Albemarle
3245 MELROSE LN GLENMORE DET MLS# 483699 $625,000
209 AUGIE ALLEY SYCAMORE SQUARE PAT MLS# 487523 $144,990
1324 CREEKSIDE DR MILL CREEK ATH MLS# 495022 $189,900
3271 SANDOWN PARK RD GLENMORE DET MLS# 492493 $649,000
35 STODGHILL DR FOUR SEASONS DET MLS# 492597 $254,990
656 JUSTIN DR SYCAMORE SQUARE DET MLS# 492438 $244,990
102 WICKHAM POND DR WICKHAM POND PAT MLS# 491340 $236,025
363 NORMANDY DR CLOVER FARM DET MLS# 492713 $745,000
47 STODGHILL DR FOUR SEASONS DET MLS# 492454 $254,990
2 0 12
louisa
5235 MARTIN RD NONE DET MLS# 494739 $204,000
101 LONGWOOD DR LONGWOOD ATH MLS# 484693 $248,900
charlottesville
january
624 FOUR SEASONS DR FOUR SEASONS DET MLS# 492604 $274,990
snapshot
Open Houses
open
646 MILLER SCHOOL RD NONE DET MLS# 489473 $269,000
770 CLACTON CIR HICKORY RIDGE DET MLS# 492033 $549,250
86 JOHN RUCKER DR FOUR SEASONS DET MLS# 492411 $219,990
735 CLEOPATRA CT CHESTNUT RIDGE DET MLS# 485689 $599,900
112 HOLLY HILL DR HOLLY HILL PDT MLS# 487642 $224,990 59 LARCHMONT CIR GREENECROFT PDT MLS# 478964 $229,990
Heritage Trail Fluvanna County
ATH=Attached • CND=Condominium • DET=Detached FRM=Farm PDT=Proposed Detached PAT=Proposed Attached PCD=Proposed Condominium
Strickland
at Gordonsville Gates offers a partnership interest secured and further enhanced by profit sharing. This project, on hold during the slow down, is now to restart and includes tax investment credits, rents, and equity incentives to secure the new partner and must be approved by KEITER, CPA • DEZIO LAW • SONABANK
Caleb Stowe
434.295.6161
Marketing & Communications Specialist Local trade association seeks energetic and creative team player to design and implement marketing plans, create, design and maintain print and social media member communications and assemble news releases and statistical reports. Strong writing skills and experience managing social media coordination highly desirable. Related degree or equivalent work experience required. Excellent benefits. Submit resume, writing sample and salary requirements to resume@caar.com. No phone calls, please.
Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
Roy Wheeler Realty Co. 80 years of Trust, Tradition, and Market Leadership Celebrating Over 75 Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903 • (434) 951-5155 • Fax (434) 951-5190 Email: homes@roywheeler.com • Website: roywheeler.com
open houses Sunday, january 29th
4160 BLeAk HouSe roAD
Time: 2-4 pm Hosting Agent: Susan Stewart FLuvANNA’S preMier retirement community – now under NEW MANAGEMENT. Two bedrooms, 2.5 baths, open floor plan, garage and handicap accessible. Low HOA fees, exterior maintenance included. Clubhouse, pool, walking trails. Many floor plans and options available. $209,900. susanstewart76@gmail.com Susan Stewart 434-242-3550. (494719) Directions: From Charlottesville, Route 53 towards Palmyra, The Villages at Nahor is on the left before Food Lion Shopping Center.
Time: 1-3 pm Hosting Agent: Betsy Watson NeW HoMe on private 4+ acre lot in Earlysville. Lots of room for growth incl. full unfinished basement w/roughedin bath. Don’t settle! Buy this home & get hardwood floors, gourmet kitchen w/tile floor, cherry cabinets & stainless appliances & more. Luxurious master suite, huge back deck and in-ground pool. $429,900. www.Deniseramey.com Denise ramey 434-960-4333. (492909) Directions: From C’ville take 29N LEFT on Hydraulic, LEFT on Rt 743 (Earlysville Rd), LEFT on Woodlands Rd., RIGHT on Reas Ford Rd., LEFT on Bleak House Rd, 1.4 miles to house on LEFT, of which the last 1 mile is State Maintained unpaved road.
35 WexForD riDge roAD
toWN ceNter iN oLD trAiL
Time: 1-3 pm Hosting Agent: Matthew Woodson cuStoMiZe tHiS HoMe in the Wexford Community. Construction has begun but there is still plenty of time to make your selections. Home offers 4 bedrooms, 3 baths on an unfinished basement. Location is close to shopping, NGIC, the airport and UVa Research Park. Visit the model at 115 Wexford Ridge Road for more details. $394,900. Matthew Woodson, 960-5187. (492872) Directions: U.S. Rte. 29 North to Left on Fray’s Mill Rd (SR 641) for half mile to Right on Spring Hill Rd (SR 606) for one mile. Entrance to Wexford is on left. Right onto Wexford Ridge Rd. Lot on right.
Mon. - Sat. 10-4, Sun. 1-4 Agent on site oLD trAiL viLLAge is situated just 12 miles west of Charlottesville and UVa in historic Crozet. The Blue Ridge Mountains serve as the backdrop to a growing community that offers golf, swimming, walking trails and a county park. Come visit us at our new office in the town center. Lot prices start at below $100,000. stevew@virginiafineproperties.com Steve White, 951-5112. Directions: From Charlottesville 250 West to right into Old Trail (across from Western Albemarle High School).
5235 MArtiN roAD Time: 1-3 pm Hosting Agent: Sharon L. Williams iF You Are into history you will be intrigued w/ this totally remodeled General Store that has been converted into a charming 1920 farm home. Original heart of pine floors. Laid out w/tons of storage, spacious dining/family room, cozy living room, eatin kitchen, large MBR & bath that is unheard of in older homes. $204,000. Sharon L. Williams, 434-906-5069. (494739) Directions: I-64 East to Shannon Hill Exit, From ramp make Right, cross over route 250 and it’s the first house on the Right.
624 Four SeASoNS Drive Time: 1-4 pm Hosting Agent: Dan Conquest
priceD to SeLL iN A 55+ community! Resort-style living where you’ll enjoy great amenities in this active community located close to shopping, restaurants and medical offices. Come to the Sales Model for information on the 4 remaining homes priced $219,990 - $274,990. www.Deniseramey.com Denise ramey 434-960-4333. (492604) Directions: From 29N & 33, L on 33 (1 mile) to L on Greencroft Blvd. (Four Seasons Entrance), L on Four Seasons Drive.
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
24 Spruce Drive
Open Houses
A Virginia Tradition Since 1927
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
neighborhoods
january 26 - february 1, 2012 | Issue 21-04
A Lifestyle to Enjoy... Buy Now at Historically Low Rates! Why Rent? Own Your Home! Monthly Loan Payments with Current Interest Rates are Less than or Comparable to Similar Rentals! ➢ No Down Payment ➢ 30 Year Fixed Rate ➢ Closing Cost Assistance
➢ Flexible Credit Guidelines ➢ First Time & Current/Previous Homebuyers ARE Eligible
1313-A Villa Way, Charlottesville, VA 22903
866 703-7401
www.villasatsouthernridge.com
Licensed by the Virginia State Corporation Commission. License No. MC-2166
Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
Buddy’s place Lane
417 Park Street, Charlottesville, VA 22902
E a r Ly S v i L L E MLS #491399 $129,000
!24&5, (/53% /& '2!#%
7.11 acre homesite in popular Earlysville! Bring your own builder, NO HOA! Priced below Assessment
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3.46 acre wooded homesite convenient to schools, shopping and NGIC! Well in place, stream across rear, NO HOA!
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#7 Lexington Lane E a r Ly S v i L L E MLS #485725 #124,900
Call Sharon, (434) 981-7200
Perfect 2.02 acre homesite with mountain views! 5 minutes to Broadus Wood Elem. School, bring your own builder!
Over $13 Million Sold in 2010. Native of Charlottesville with over 25 years of local Real Estate Experience. Hall Of Fame
Sonja Casero, (434) 981-3523 Multi-Million Dollar Top Producer for over 20 years Consistent Award Winner Hall Of Fame
New Home Just Listed
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neighborhoods
Residential BRokeRs
Available Homesites
17 villa avenue
Ear Ly SviLLE MLS #490381 $475,000
Ready for new owner! 2990 finished sqft w/5 BR, 4.5 BA, 2-story foyer, family room, dining room, custom kitchen w/breakfast area, finished bonus/game room on 2nd floor AND 3rd floor bedroom suite plus 2-car garage.
Spring CrEEk MLS #495239 $338,000
Over 2300 finished sqft w/3 BR, 2.5 BA, gourmet kitchen, stainless appliances, cherry cabinets, hardwood floors, 1st floor master, formal LR & DR, great room w/gas fireplace, full unfinished basement and rear entry 2-car garage.
Ginger Slavic 434-981-0118 - Cell
New Construction Specialist Licensed to Sell Real Estate in the Commonwealth of Virginia gaslavic@realestateiii.com â&#x20AC;¢ www.GingerKnowsRealEstate.com
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january 26 - february 1, 2012 | Issue 21-04
McLean FauLconer Inc.
Farm, estate anD resiDential Brokers
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
Owensville Road - Incredible location and opportunity to build your dream house on a lovely 4 acre lot. No HOA Fees! $349,000 Charlotte Dammann(434)981-1250. #485869
Blue Ridge Mts - Custom built, superb quality 4BR home nestled against the mountains on almost 7 acres just 20 miles from UVA. Expansive level yard, elevated site with spectacular long range views. Home features stone fireplace, main level master suite, many quality features. $569,000 Call Jim Faulconer (434) 981-0076
DRUMHELLER LANE -parcel on the Rockfish River tract consists of 46.75 acres of elevated timber land & new well house. The views are. The entire Rockfish River tract could be expanded to include as much as 800 contiguous acres. $350,000 Sandy Stewart (434)872-3435 #487178
BECKONING RIDGE - Wonderful new Braxton Design Group one story 10 minutes west of town in Ivy. Western schools, terrific location, Blue Ridge mnt. & field views. $799,999 Tim Michel (434)960-1124 #484689
ESTATE PARCEL - Wonderful 21 acre elevated parcel in northwestern Albemarle offering unparalleled mountain views & complete privacy. Attractive mix of open & wooded land, long frontage on the Lynch River & well in place. $315,000. Andrew Middleditch (434)981-1410. #481444
Madison County - The 74+/- acres is both open & wooded. Create a weekend retreat or full time country home convenient to Charlottesville and DC. $750,000 Charlotte Dammann (434)981-1250. #489895
IVY LANE - Premier residence is a Jefferson inspired interpretation of a traditional Virginia manor house in Farmington on a superbly landscaped & private lot. Charlotte Dammann (434)981-1250. #482902
NEW COUNTRY EXCLUSIVE â&#x20AC;&#x201C; 113 Pristine acres, 14 miles NE of city, offering blend of pastures and magnificent forest, with private elevated plateau for spectacular homesite, panoramic Blue Ridge views! Jim Faulconer (434)981-0076. MLS#488009
Clunie Farm- Very special 151+/- acres with c.1870 home. Combination of farm land and woods offers a private and beautiful setting. Located on a country lane just minutes from amenities. Great opportunity for conservation easements. Charlotte Dammann (434) 981-1250 MLS#493734
MINT SPRINGS FARM â&#x20AC;&#x201C; Classic Virginia brick home, slate roof, circa 1920, privately situated on 121 acres, adjoining easement property and 502 acres Mint Springs Park at base of Blue Ridge Mountains, offering panoramic mountain and pastoral views. Perfect grazing farm or vineyard property. Jim Faulconer (434)981-0076. #488365
RIGGORY RIDGE ROAD- TERRIFIC 5,400+ sq/ ft, 5 bedroom DECK HOUSE with 360 degree MOUNTAIN VIEWS, 10 minutes to town. Sacrifice price and move in-condition. Spacious rooms, high ceilings, 1 st floor master suite, 3.87 acres. Many extras! Price to move at $725,000. Tim Michel (434)960-1124 #494441
LOCATION! LOCATION! Perfect light filled south facing 1 BR in the uber secure Barringer with covered parking. Looks like a model. Right next to UVA Campus. Priced below assessment $269,900 Tim Michel (434)960-1124 #488184
CHARMING HOUSE ON LOCUST AVENUE. Just a 5 min walk to downtown, fenced backyard with trees, offstreet parking for 2 cars in rear. $269,000 Charlotte Dammann(434)9811250. #493240
503 Faulconer Drive - charlottesville, virginia 22903 Phone (434) 295-1131 Fax (434) 293-7377 email: homes@mcleanfaulconer.com - WeBsite: www.mcleanfaulconer.com
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Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
McLean FauLconer Inc.
Farm, estate anD resiDential Brokers
PICTURESQUE RURAL SETTING - 101+ acres of pristine rural countryside located in eastern Orange County. Charming 3BR/2.5BA home, complete privacy, beautiful setting, great mix of open & wooded land, barn, storage buildings & huge pond. $850,000. MLS #493830 Steve McLean (434) 295-1131.
191+ ACRE ESTATE PARCEL – Wonderful rolling mix of open and wooded land on Rt. 230/Madison Road, across from Greene Hills Country Club in Stanardsville, Greene County. Beautiful pastoral and mountain views, stream and pond. Property is under easement. Steve McLean (434) 295-1131 ofc/981-1863 cell. MLS #460818 $1,336,745.00
Traditional brick home in Flordon w/4 bedrooms, 4.5 baths, formal living & dining rooms, den, sunroom, spacious rec room, office/study, 4 fireplaces, hardwood floors, large, eat-in kitchen, 2 decks & terraces. $599,000. Betsy Swett, 249-2922, MLS 487850.
KEY WEST MANOR- Circa 1852 on 5+ acres, beautiful setting, mountain views, 4 BR, 3.5 BA, 7 FPs, gracious formal rooms, heart pine flooring, high ceilings all just minutes east of Downtown Charlottesville. $925,000. Andrew Middleditch (434)981-1410. #456766
DOWNTOWN - Designed by Eugene Bradbuery and built in 1911 with recent additions, this gracious Park Street home offers 4 BR, gourmet kitchen, generous LR & DR, 2 separate apartments, garage & garden. $1,150,000 Tim Michel (434)960-1124
Exquisite 5 bedroom contemporary on 14.5 private, but convenient acres with Moorman River frontage and stunning Blue Ridge mountain views. Located on scenic Ridge Road, 15 minutes from town. $1,250,000. Tim Michel (434)9601124. #492323 www.3280ridgeroad.com
10.93 acres fronting Plank Rd, 1 mile west of quaint village of Bateville. Land offers approx.. 5 acres of rolling to slightly hilly pasture w/ the balance in mixed hardwood forest. Lovely elevated homesite w/ panoramic mountain views, beautiful setting. $379,000. Call Jim Faulconer (434) 981-0076 MLS#486448
CHARM, WARMTH, TRADITIONAL ELEGANCE! Exceptionally gracious 2-story Colonial situated on 2.75 acres, minutes west of Charlottesville. Gorgeous, protected Blue Ridge Mtn. views! Superior details inside & out including a chef’s kitchen w/marble counter tops & 3 ovens, an innovative home entertainment system, irrigation system, invisible fencing & a professionally landscaped & maintained lawn. $995,000. MLS #465705 Steve McLean (434) 295-1131 ofc/981-1863 cell.
Beautifully maintained, expanded and upgraded 4 bedroom, 4 bath Ivy home on 6+ acres bordering Mechums River. Idyllic setting with stocked pond, pool, walking paths and more. $599,900. MLS#487375. Nancy Roche, 981-7873.
Spectacular 78 acres. Great homesite with beautiful mountain views, pond, long frontage on Preddy Creek. Property is very private and protected, but convenient to country store and shopping in Charlottesville. $445,000. MLS#:482843 Jim Faulconer (434)981-0076
KESWICK ESTATE - Magnificent brick home w/slate roof within walking distance to Keswick Hall & all club amenities. Superbly constructed, 5BR, 6.5BA, grand 1st-floor master suite, gourmet kitchen, 3 fireplaces, 3-bay garage, large covered deck, professional landscaping. MLS #490673 $1,695,000. Steve McLean (434) 295-1131.
RAGGED MOUNTAIN FARM - UNBELIEVABLE VALUE! Stately Federal-style residence w/over 6,900 sq.ft. on 3+ acres in Ivy. 1st & 2nd floor master suites, 2-story family room, breathtaking Chef’s kitchen. Magnificent Blue Ridge & Ragged Mtn. views. Superb quality & excellent attention to detail! $1,595,000. MLS #494099 Steve McLean (434) 295-1131..
503 Faulconer Drive - charlottesville, virginia 22903 Phone (434) 295-1131 Fax (434) 293-7377 email: homes@mcleanfaulconer.com - WeBsite: www.mcleanfaulconer.com
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
DOWNHILL FARM - Affordable equestrian farm, 20 minutes north of Charlottesville. 72 acres, 4BR-3BA farm house, managers cottage, 4 stall barn, 8 fenced pastures, riding ring, pool, 3 car garage w/studio apt. lovely vistas, great location. $1,050,000. Michael Gage (434)996-9894; Tim Michel (434)960-1124 #492060
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CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
Feature
january 26 - february 1, 2012 | Issue 21-04
Life in a
college town W
hen retiree Sharon Baiocco and just-gettingstarted Amber Ward moved to Charlottesville, the University of Virginia was a factor in both their choices. Baiocco, a former dean at a university in another state, and her sports-loving highschool-teacher husband, John, knew they wanted to be on the East Coast near their children in Richmond and New Jersey. “We could have lived anywhere,” Baiocco says, “but we preferred a place that was open to all faiths, cultures and political views. We looked at Charlottesville and just knew right away it was where we wanted to be.” As an example of diversity, she cites their development of Fontana. “On our little street—only 13 homes— there are young families and retirees, Eastern Europeans, Chinese Americans, African Americans, Christians, Jews and even Unitarians like me. We
Offers Something for Ever yone By Marilyn PriBus
are so proud of our Unitarian member, [Satyendra] Huja, a Sikh from Pakistan, who has become Charlottesville’s mayor. It shows there are diverse faith communities in this area where you can practice your faith without fear.” Another consideration for the Baioccos was that the market for homes would not drop dramatically. “With UVa as the largest local employer,” she points out, “stability and growth are almost guaranteed. That is very important because our home is our biggest investment.” Ward’s story is a little different since she was nearing the end of an internship in another state to complete her education, but she was also
seeking a place to settle permanently. “I spent about three months using the Internet to analyze demographics and other data,” she explains. Raised in Los Angeles, she wanted to be near the big city of Washington, but live a small “slowed-down” city. “I also wanted a place committed to sustainability because that’s an investment for our future.” Was UVa a factor in her decision? “Absolutely! I knew the university would contribute to ‘young’ ideas like buy local and be green—by seeking new approaches to these issues.” She considered Blacksburg, Roanoke, Richmond and Harrisonburg before settling on Charlottesville.
Charlottesville Tops Lists
Last year, Charlottesville landed on many of those ubiquitous “top” lists including (but definitely not limited to): #1 City to Live in the Country by Sperling’s Best Places (www. bestplaces.net), #1 City to Retire by Kiplinger.com and “Locavore” Capital of the World by Forbes. Often, an important criterion for being a “top” is having a great institution of higher learning and the area certainly has that in the University of Virginia. “The Charlottesville region is frequently recognized as one of the best places to live in the country,” declares Teresa Sullivan, President of the University of Virginia (UVa). She cites many elements including natural beauty, historic sites, a vibrant cultural scene and a strong economy. “The University of Virginia is thoroughly engaged in every aspect of community life,” she continues. “This strong relationship with the Charlottesville region creates a stronger community overall.”
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Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
Major Impact On The Local Economy With 12,000 employees, UVa is the area’s largest employer, which contributes to keeping employment stable in the community. Its payroll of $1.3 billion in the academic year 2011-2012, plus expenditures for services, supplies and maintenance, directly impact the community. In fact, direct spending in the Charlottesville
With 12,000 employees, UVa is the area’s largest employer, which contributes to keeping employment stable in the community.
Feature
The prestigious U.S. News & World Report ranking of colleges rates UVa as the second best public university and 25th best overall in the entire nation. It also boasts the country’s highest graduation rate for AfricanAmerican students. UVa employees live in the city and in the surrounding counties where they are involved in civic, school and volunteer organizations and support local businesses. Sullivan point out, “For those of us who work at UVa, the Charlottesville region is not just our workplace, it’s our home, so we want to help build a strong, prosperous region.”
Close in County
Two Story Solid Brick Home with 4000 finished square feet on 1/2 Acre. Residential Neighborhood Without Hoa Fees. 4 bedrooms, 3.5 baths. Hardwood and Tile Floors, Fireplace and Screened In Porch/deck For Summer Living. Outstanding Value and Condition. $379,000
Joan Esposito
“Your Running Realtor®” (434) 760-1028 (cell) • (434) 951-5137 (VM) Joantesposito@gmail.com 8 M`i^`e`X KiX[`k`fe J`eZ\ (0).
CHECK THIS ONE OUT! region by people and programs associated with the university amounts to more than $1 billion annually. In addition, UVa students support community businesses from landlords to grocers to the tune of more than $210 million every year. UVa’s local real estate taxes amount to nearly $1.9 million each year and UVa pays the city of Charlottesville more than $200,000 annually to subsidize local bus and trolley service. UVa also supports local emergency services including
more than a half million dollars to support 9-1-1 services, $250,000 to the City of Charlottesville for fire services and $750,000 for the new fire station on Fontaine Avenue. The Charlottesville-Albemarle Rescue Squad receives more than $40,000 annually and UVa employees and students contribute about 25,000 volunteer hours of service to the squad each year. Construction and renovation are also substantial economic contributors. In 2011 more than $290 million
What a deal! It doesn’t get much better than this! This is a lot of house and living space for the money! And you can’t beat the location. This brick home was built to last! Nice addition with dining area and family room. Lovely oak floors throughout the home. Screened back porch overlooking a terraced yard with mature plantings and stone wall accents. There’s also a full unfinished basement and one car garage! MLS# 484641. $185,000. 300 Middleton Lane
Always Talk to Bob, 989-3592 www.bobhughesteam.com bobhughes@nestrealty.com Selling Residential Property
Running Races and “Realtoring” since 1979
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Ednam Hall, 1100 Dryden Lane, Charlottesville, VA 22903
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
Feature
14 was spent, divided almost equally between materials and labor and in 2012 an estimated $200 million will be spent. The majority of materials are purchased within 50 miles of Charlottesville. U.S. News & World Report recently ranked the UVa Medical Center in the top 50 nationally for five adult specialties and high-performing in six other adult specialties. The School of Nursing was ranked in the top two percent nationally. This means Charlottesville shines because high-quality medical care often leads the list of desirable attributes in a community. In fact, recommendations for ideal retirement locales often specify a teaching hospital. Patients can access their medical records and communicate with their personal healthcare provider on-line. Same-day appointments are often available. Searchable on-line medical files include information of topics ranging from clinical trials open to the public, healthy lifestyles, treatments for many medical problems and much more. Club Red, aimed at improving heart health in women, offers information, local healthy-eating discounts, and a monthly newsletter. In the last fiscal year, the Healthcare System treated well over 750,000 individuals. At the same time, it provided close to $100 million of free care through financial aid and Medicaid. For more information about health care, visit www.healthsystem. virginia.edu.
january 26 - february 1, 2012 | Issue 21-04
sues related to self-esteem, scholastic achievement and decision-making. The largest student-volunteer effort is Madison House, a student volunteer center, which recruits, trains and mentors over 3,300 student volunteers each year. These students contribute more than 10,000 hours of community service to the Charlottesville-Albemarle area, partnering with almost 100 community non-profits organizations, where volunteers directly impact more than 15,000 residents. Finally, at the end of the academic year, UVa students donate household goods and furniture to support Charlottesville nonprofit organizations that serve low-income residents through Chuck It For Charity and the Sofa Shuffle.
Orchestra comprised of music faculty members, talented students and community musicians. The Orchestra presents concerts, has a special program to introduce community youth to orchestral instruments and performs a free Symphony Under the Stars. In addition, there are a number of other musical groups from chamber music to jazz to singing ensembles offering concerts. Free Lunchbox Recitals are presented throughout the academic year and a Music Department Colloquium is free to the public and convenes on select Friday afternoons. UVa’s Office of Diversity and Equity has numerous outreach efforts, including the Charlottesville Community Health Fair. During the African-American Cultural Arts Festi-
For more information on the many programs, visit www.OutreachVirginia.org. With no professional sports teams nearby, local residents substitute a passion for the orange and blue. Although the Cavaliers lost their recent New Year’s Eve bowl game, the community always enjoys rooting for teams which are often nationally ranked in sports from football as well as men’s and women’s basketball, lacrosse, golf, soccer, tennis swimming and diving. Additional teams include men’s baseball, women’s softball and other sports.
Community Outreach
val in July, UVa provides free sports physicals and free health screenings, including mammograms. The Medical Equipment Recovery of Clean Inventory program collects clean, unused medical supplies and distributes them to both local and international nonprofits. Another popular outreach is the Osher Lifelong Learning Institute. Designed for senior citizens, this program is for people who seek intellectual stimulation. Formed in association with UVa, it was inspired by Thomas Jefferson’s own deeply held view of education as a lifelong enterprise to invigorate the mind. Volunteer course instructors are specialists in their fields—many are professors from UVa and other universities across the United States. Other outreach programs embrace persons with disabilities, elementary and secondary school teachers, men, women, minority groups, children, families and senior citizens.
ment with great neighbors,” and adopted a rescue dog named Oscar, she is delighted with her decision to settle here in what she enthusiastically terms “a great city.” She loves the rural surroundings, the music, the City Market and the personality of Charlottesville, including UVa. “The university and community utilize each other very well,” she observes. “There is a beautiful partnership with their priorities in parallel, which isn’t true in every college town.” And retiree Baiocco, now a Charlottesville resident for some five years and an activist against mountaintop removal, says she and her husband love the fact that the area is amidst beautiful scenery and has a wonderful small-town feel. “Southern society can be closed, but there is a significant population from other places and you run into friends wherever you go.”
A Great Place To Be Now that Ward, the young Registered Dietician, has found employment as a Nutritionist with the area’s Head Start program, a “great apart-
Charitable Activities UVa employees and students are generous with both dollars and time. For example, close to 7,000 hours are donated to the Charlottesville Free Clinic with a value of about $7.5 million. Each September during the National Day of Caring, about 1,000 volunteers pitch in on close to 100 projects ranging from painting schools to visiting with the elderly. University students participate in community service in many ways, including operating fundraisers to support disease prevention, performances that promote awareness of different cultures, weekly carpentry efforts to renovate area homes, and volunteering in settings ranging from area rescue squads to day care centers and animal shelters. In a typical year, students provided well over 5,000 hours of tutoring and scholastic assistance to area youth at more than 20 community locations while the Young Women Leadership Program arranges for UVa students to mentor more than 100 eighthand ninth-grade girls addressing is-
Every year UVa serves over one million people through more than 500 public service and outreach programs. Through OutreachVirginia, local residents can find interesting programs in music and drama, opportunities to volunteer at UVa, and the chance to learn how the university and the community are engaged. “Residents in the area enjoy the UVa museums and its multitude of events year round,” says Broker Sara Greenfield, owner of Charlottesville Fine Homes and Properties. “For just one example, every year since 1968, the UVa music department has presented a Messiah Sing-a-long in early December. This is a time when townspeople mingle with University singers and Old Cabell Hall reverberates with laughter and singing. Anyone can take part in either the orchestra or the singing and I wouldn’t miss it for anything.” Other musical treats include the Charlottesville & University Symphony
Marilyn Pribus and her husband relocated to Charlottesville from California more than four years ago. “We love it here,” she says.
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Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
Montague, Miller & Co. REALTORS® Nelson OfÀce 434.263.5088 local
800.422.6698 toll free
Visit us on the web at MontagueMiller.com new
new
875 PharSaLia road 458 PARRISH LANE
8763 JaMeS riVer road
no hoa FeeS, PLuS no reStriCtionS and Fronts on a State Paved road! open, rolling 9.735 ac. with stream and some mixed hardwoods privately located less than 1 mi. off 60 West. Convenient to amherst, Buena Vista & Lexington. Build your dream home with open land ideal for pasture or growing product. Views of surrounding mountains and the Blue ridge. Presently fenced for cattle. $59,900 Carole Saunders 434.981.3089
Best deal ever in this 3 Br., 2 Ba., Chalet on 3.47 ac. PLuS owner pays $5000 toward Buyer’s Closing Costs! Call today to view this Great Buy with oak Flrs., rock FP, Master Br. W/Master Ba. on first level, Screened Porch, Chain Link Fenced Back Yard & detached 392 sq. ft. Garage. $129,900 Carole Saunders 434.981.3089
HORSESHOE ROAD
PatriCk HenrY hWY Call for1486 details on possible Owner Financing on this private 12+- hardwood a pavedrenovations. state road with reduced! Moveacres rightfronting in. ToponQuality multi building sites, stream, electric and less than 3 mi. new Plumbing. new Laminate Kitchen Flooring, to US appliances, 29 at Colleen.Beautiful Seller willoriginal consider selling 10 ac. new Hardwood without road frontage and pay for Survey. Great Location Floor in Lr. new Ceramic Tile in Laundry room. with mountain views and Investment for your future. aOffered MuSTat $88,500. See deLiGHT! $109,000 nanette Kirt Carole Saunders 434.981.3089 434.962.6602
8485 LaureL road Cozy, unique floor plan in this 1459 sq. ft., twostory home tucked on 15.66 open and Wooded ac. w/Stream, surrounded by Mountains & Fields. Fronts on a Paved State road w/long driveway. Features Stainless Steel appliances, Hunter Ceiling Fans, Jotul Swedish Wood Stove, abundant Storage, Workshop, Storage Shed and Much More! all for $234,500! Carole Saunders 434.981.3089
38 acres of beauty surrounds this charming home tucked Time to move to the country & enjoy the relaxing away at the base of the Blue Ridge. The property features Gassits FPamong for those coolsetting evenings, a pastoral 3BR, 1BAviews. home that a mature with spacious Mr hasincluding walk in acloset gardenintub. nice outbuildings & barns unique&building the yard kitchen, withasclean white & appliances. that can be used a shop, cabincabinets or playhouse. The land is about half pasture and half woods with a spring starting on Yard is fenced with trees & garden area. $99,900 the $389,900 Jim Wood 434.981.6382 Patproperty. Malchow 434.409.6774
LAND LISTING Land Listing
Views ofofboth Three Ridges and4.08 The Priest. About Mixture hardwoods on this ac., with no half of the property is open fenced pasture that reStriCtionS & Zoned agriculture near Colleen has uS animals nowtoand theland restthat is wooded withan and 29. Level rolling would make excellent building site. Cub driveway property. Minutes great building sites. Creekinto runs through the to the Tye river and Buffalo river. $24,900 Carole property. Multiple building sites with long road Saunders frontage.434.981.3089 $249,000 Jim Wood 434.981.6382
867 WALKERS MOUNTAIN RD.
Access to the Tye River and privately located on 5 ac., this 1680 sq. ft., 2002, 3 BR., 2 BA., w/open floor plan features cozy Den w/FP, Kitchen w/ Breakfast Area & separate DR, Tiered Deck off Kit., Detached Metal Workshop/Garage. Lovely wrought iron gate at entry. Reduced to $148,500! Carole Saunders 434.981.3089
152 Front Street, Lovingston
Call Toll Free: 1-800-948-4712
BeaUTIFUl CaPe W/oVer 5,000 FIN SQ FT
ON 6.55 ACS In Free Union. 4 BR, 2.5 BA in Main House Spacious Apt w/Hardwood Flooring Over 2-Car Garage Great Rm w/Double-Side FP To Family Rm, Formal LR & DR Wrap Around Deck. Mtn Views MLS# 490579 $550,000
404 8th Street, N.E. Charlottesville, VA
www.charlotteramsey.com
8287 Seminole Trail Ruckersville, VA
434-296-7171 434-990-1777
“Personalized Real Estate Service”
JUlIe HolBrooK, 434/989-4415
MargareT raMSey, 434/953-7057
aUTUMN oaKS. BrIgHT & SPaCIoUS HoMe! 3 BR, 3BA, Eat-in Kit, 2,072 Fin Sq. Ft Freshly Painted & New Carpet Throughout Conveniently Located Near Rt. 29, NGIC, Hollymead Town Ctr Fannie Mae HomePath Property. Purchase Home for as Little as 3% Down. MLS# 494398 $229,900
JUlIe HolBrooK, 434/989-4415
FoUr SeaSoNS!
GREAT OPPORTUNITY AT A GREAT PRICE! 3BR, 1.5 BA Townhome w/Bright Open Kitchen, Private Patio Extra Storage Shed, 2 Personal Parking Spaces Conveniently Located. Sold “As Is” MLS# 495018 $84,900
20 MTN laUrel rd, earlySVIlle
3 Mins From Broadus Wood Elementary Classic Williamsburg Colonial on 4.62 Acs 4 BR, 2 Full & 2 Half Baths 3064 Fin Sq. Ft, 947 Unfin. Whole House Generator Tankless Water Heater, Whirlpool Tub, Inground Pool MLS# 489263 $398,000
roBerT raMSey, 434/242-2280
960 loCUST aVeNUe
First Time on Market Since 1967 Charming All Brick Home w/Beautiful Garden Views Great Woodwork, Hdwd Floors, FP, Brick Arches & Walk-in Bay Window Priced Below City Tax Assessment MLS# 493776 $299,000
roBerT raMSey, 434/242-2280
eVergreeNe reTIreMeNT VIllage! Extra Large Home Having Pastoral Views,2BR,2BA Formal Living & Dining Space, Den & Sunroom Easy Access to Senior Center,Library, Shopping 55+ Community. MLS# 494319 $180,000
MargareT raMSey, 434/953-7057
BeaUTIFUl oNe-oF-a KINd HoMe!
Unique Details Include Jeffersonian InfluencesHidden Staircases, Tapered Pillars, Transoms & Keystone Accents. 3 BR, 2.5 BA, Detach Storage/Garage Private, Mostly Wooded Lot Backs up to 300 AC Farm Energy Efficient Dual Heating System. Convenient to NGIC, DIA & UVA Research Park MLS# 492334 $220,000
MargareT raMSey, 434/953-7057
BUIldINg loT - leVel 1.67 aCS Corner Lot Provides Lots of Options For Placement of Home. All Utilities, Including Cable Available But Not on Lot Lot Cleared Only on Front Side – Privacy From Mature Trees is Still Possible MLS# 491841 $53,300 MargareT raMSey, 434/953-7057
FIrST TIMe HoMeBUyer!
A Great Opportunity to be Near UVA, Hospital, Downtown. Neat & Clean Home Offers 3 BR, Office, Full Bsmt, Fenced Yard, Gas Heat & Central Air. Call Today to See How Little CASH You Need to Buy This Home. MLS# 486245 $175,000!
MIldred MorrIS, 434/981-2599
laNd - 9.65 aC. BUIldINg SITe On Hickory Creek Rd, Nelson Co. Mountain & Pastoral Views Multiple Bldg Sites, 3 BR Perc Test Done Private Road Blt. Bring Your Builder or Hire Seller To Clear Homesite, Bld Driveway or Bld Home MLS: 477747 $139,900 JoHN MIMMS, 434/882-2019 INVeSTMeNT - 1852 aMHerST HWy Four 2 Bedroom Units & One 1 BR Unit $2,175/Mo Income, Many Recent Improvements Extra Land Parcels Could Hold 2 Duplexes Well & Septic, Tenants Pay Utilities Coin Operated Laundry, High Traffic Area – Easy to Rent. MLS# 465428 $199,900 JoHN MIMMS, 434/882-2019
PrIVaTely NeSTled oN 31+ aCS – adVaNCe MIllS
earlySVIlle –NorWood lN
JUlIe HolBrooK, 434/989-4415
JUlIe HolBrooK, 434/989-4415
3 BR, 2 BA Home. Lg Great Rm w/High Ceilings & FP Spacious Master BR w/Walk-in Closet & FP 2 Lg Decks for Entertaining. 2-Car Garage w/Sep.Workroom Plus Horse Barn, Stable & Several Sheds MLS# 491301 $509,200
Well-Maintained 3 BR, 1.5 BA Home 1368 Fin.Sq. Ft., Eat-in Kitchen, Family Rm Central Heat & Air. Large Rear Patio Huge 320 Sq. Ft. Shed. Mins to Dining and Short Drive to Ch’ville. $149,900. MLS# 489573
1604 MoNTICello aVe
2 Bedroom, 2 BA Condo Property Approved for HomePath Mtg Financing. Can Be Purchased For as Little as 3% Down Remarkable Four Season View of Carter, Monticello & Mt Alto Mtns MLS# 492072 $79,900
JUlIe HolBrooK, 434/989-4415
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
Panther Mountain road
16
january 26 - february 1, 2012 | Issue 21-04
Realty Specialists (434) 974-1500 www.remaxrealtyspecialists.com
matt Falls 434-531-2361
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
pat buRns 434-465-4444
Very well maintained, 3 bedroom, 2 bath rancher located in Twin Lakes. Private lot. Vaulted ceilings in Living Room and Kitchen. Home filled with an abundance of natural light MLS#479424, $148,000
Bucolic setting in southern Albemarle, just 8 miles south of Piedmont. Nice master bedroom addition. Newly finished family room in the basement. Wood stove, large deck, great yard for gardening. $225,000
355 West Rio Road
•
ChaRlottesville, va 22901
Each office Independently Owned and Operated
pat buRns 434-465-4444
This home normally $187,610 - $20,000 PRICE REDUCTION! 3 bedroom, 2 bath home under construction. Home features 10x12 deck, french doors, 2-tone paint, smooth top range and microwave. Private lot in small quiet subdivision. Rent-to-own possible!
G. R. Falls 434-760-2500
Attractive & well-kept ranch with Lake Anna water access! Must see to appreciate all that this lovely home has to offer! Open floor plan. Spacious center island kitchen w/. Breakfast nook & sep dining room. Master bedroom w private master bath w garden tub & sep shower (48”). Walk-out basement w rec room, exercise room, & study. 2 car garage w workbenches, addtnl 18x31 carport & shed. Boat slip conveys - enjoy all that Lake Anna has to offer. $229,900
G. R. Falls 434-760-2500
matt Falls 434-531-2361
Quality built home in a prime location! Home features 2 wood burning fireplaces, hardwood throughout the top floor (in some rooms under carpet), formal dining room, and fenced backyard. $269,900 Gorgeous Fontana home with room to grow! Gourmet kitchen w granite counters, stainless appliances. Kitchen open to huge great room w floor to ceiling stone fireplace & built-in cabinets. Master w tray ceiling & ceiling and attached bath. Sweeping lower level rec area with fireplace, builtins and slider access to patio. 6 bedrooms total, 3.5 baths. 2 car garage. Fenced yard w level play area. $490,000
Tommy Brannock
Historic Downtown Office
Diamond Club Member Circle of Excellence
434-981-1486
NEW PRICE UNBEATABLE!
NEW LISTING IN MONTVUE!
CLOSE TO COMPLETION!
GREAT PRICE IN GEORGETOWN GREEN!
Stately brick home overlooking “The Common” in Old Trail with highest quality materials and craftsmanship. Features include Fireplace btw LR and Fam Rm (with furniture-grade Entertainment Center), formal DR, walk-in tile Shower and finished Terrace level. 5 BR’s, 3 ½ Baths. Oversized Garage. Exceptional Storage. Great value!
Wonderfully private setting, yet minutes to Barracks Road Shopping Center – County taxes with City convenience! Well-built brick home with Home Office, recently constructed free-standing Studio, Pool, and Kennel situated on 4.54 acres with year-round Stream. This is a unique offering - won’t last long!
Unique opportunity to purchase a home constructed by one of the area’s most highly respected Builders, Baird Snyder. 3 BRs, 2 1/2 Baths, fully equipped Kitchen opens to Great Room, plus 2-car Garage. Excellent value for one-level home with all the bells and whistles!
Conveniently located, this three-story townhome is very comfortable. 4BR’s + 3 full Bathrooms, Home Office, LR, DR, and Spa Rm with Hot Tub and cascading water. Private, fenced Terrace with Fish Pond. Three minutes walk to Pool and Playground. Excellent investment!
New Price of $564,000! www.OldTrailHome.com
Offered for $559,000 www.MontvueHome.com
Offered for $234,000 www.realestateiii.com/477571
New Price of $199,900! www.realestateiii.com/490468
813 E. Jefferson Street • Office: 434-977-3033 Call Toll Free: 800-277-3033 WWW.REALESTATEIII.COM • email: tbrannock@realestateiii.com
17
Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
HOMES FOR THE
MInutEs to nGIC!
First-Time
Home Buyer $ 25 0 , 0 0 0
&
UNDER 3538 Preddy Creek Road
Hollymead Square
Spacious custom-built brick home on 11 wooded acres w/pond in North Albemarle. Easy drive to NGIC & shopping. 4BR/3BA/2hlf w/fin walk-out lower level.Huge eat-in kitchen with bfast bar, cer tile, & lots of counter space. Cherry/Hickory HWF on main level. Liv rm with FP opens to vaulted sunroom. Lg bedrooms, plus a 2nd Master suite downstairs,spacious walk-out rec room w/2nd fireplace. Tons of storage. Laundry/Mud room w/1/2 BA & 2-car attached garage. Wildlife/pastoral views! Call for more info!! MLS#492088
1, 2, & 3 bedroom homes perfect for first-time homebuyers or investors. Great location between Forest Lakes North and South. Prices start at $134,000. www.CharlottesvilleMoves.com (434) 296-0007
land
Affinity Group 1770 Timberwood Blvd. Suite 101 • Charlottesville, VA 22911
2460 NORTH BERKSHIRE ROaD BERKSHIRE LaNDING ONLY 3 units remaining at Berkshire Landing!! Conveniently located just off of 29N and Hydraulic Rd these NEW townhomes offer Spacious rooms, great closets, privacy fencing and are located within walking distance of the Shops at Stonefield. Thoughtful layouts for easy, comfortable and efficient living! Built by SOUTHLAND HOMES MLS 494706
$199,950 aSHLEy C. CaRTER, REaLTOR® 434-242-1777
C-VILLE REAL ESTATE ASSOCIATES
LAND, Lots, & Acreage OK FOR MOBILE HOME 5 acres of woods. Paved state road frontage. Just off Rt. 60 in Nelson County. Only $39,900 with easy financing. 434-444-5088. HOMESTEADER WANTED to reclaim 6 acres of wilderness on Carter Creek in Nelson County. Mobile home welcome. $39,900. Easy owner financing – Nothing down. 434-534-5161.
three 2-acre lots in northern Buckingham Replanted pine, new survey, perk test, hard surface road frontage. Owner/agent. $25,000.00 each. 434-581-3073
LITTLE EGYPT Road - oRaNGE - Don’t miss this lovely 9+ acre parcel located in beautiful Orange County Virginia. Great location build your dream home and enjoy the country life with easy access to Gordonsville or Orange. Fronts state road and has mix of mature hardwoods and pasture. Would make a delightful mini-farm or horse ranch! Septic application on file and well on site. Ready for your house plans! MLS#483255, $59,900
EllEn ButtErs
MIKE ButtErs
Broker/Owner
reaLtOr/Owner
(540) 718-6608 ellenbutters@mris.com
(540) 718-6609 mikebutters@mris.com
EXIT CORNERSTONE REALTY
If you find yourself behind on mortgage payments and property value is less than what is owed or worse, you are facing foreclosure—call Ellen or Mike Butters today for a free confidential consultation. We have helped clients save their homes just days before foreclosure, we can help you too! Go to www.EXITCulpeper.com or call 540-825-9898.
15367 Brandy rd, Suite a • CuLPePer, Va • (540) 825-9898
Land in Nelson County 1940 Berry Hill Road Three properties for one money! This 34.4-acre offering is for two smaller lots adjacent to a larger (30+ acres) tract of land. Each has been perked. Cross at the head of the spring to reach the big tract. Head south (an old roadbed) to a beautiful, level area with expansive winter views. Clearing will provide a full-season view. Build on the big tract and hold the lots as investment. $229,000 3030 Berry Hill Road Inspirational views across the Rockfish River plain to the heights of the Blue Ridge. This 61.4-acre property is in 3 parcels. Electricity to an old homesite and there’s an old roadway into the property. Beautiful hardwood forest and varied topography. A number of nice homesites, with a nearly level “wow” site of generous dimension with the amazing views everyone craves. $449,000 Patrick Henry Highway #B Stunning mountain views from this beautiful 1.94-acre building site only minutes from Wintergreen. Hard-surface driveway in place with proposed well & perk site, spring-fed pond, mature fruit and nut trees, an 1185-square-foot barn with concrete floor, sky lights, heat and loading dock. Owner financing available. $142,000
(800) 361-5155 • (434) 361-2440 www.MountainAreaRealty.com 2788 B Rockfish Valley Highway • Nellysford, VA 22958
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
HOMES
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
home finance
18
january 26 - february 1, 2012 | Issue 21-04
Lease Purchase Agreements
I
n today’s challenging real estate market, sellers may be forced to relocate before their home is sold and leave an empty house behind. Not only is this a financial burden, but empty homes are more difficult to sell and while finding a tenant is an option, this solution may cause problems if the renter does not take good care of the property. Similarly, there are buyers who are unable to purchase a home today, but who are good candidates in the long run. A solution for both of these parties may be a lease purchase arrangement in which the sellers lease their property to a buyer who is willing to purchase it within a mutually agreed upon time frame. While there are many variations, most contracts specify that a percentage of the monthly lease goes towards the buyer’s down payment. Often, as well, sellers require the purchasers to put down a cash deposit, some or all of which may be non-refundable if they choose not to buy the property when the lease is up. Regardless, whether you are a buyer or a seller, your REALTOR® can help you take advantage of the benefits inherent in this kind of agreement. From a seller’s perspective, a lease purchase offers a number of benefits, the most obvious being that it
Benefit Home Buyers and Sellers By Celeste M. sMuCker, PhD
provides cash flow for a home which otherwise would remain empty. In addition, the purchaser is someone with a genuine interest in and commitment to the home who is therefore motivated to take good care of it in the interim. The agreement protects the seller by locking
in a favorable price, and since in most cases a portion of the rent is credited towards the down payment, the monthly income is often greater than what it would have been in a conventional rental agreement. On the down side for sellers, a lease purchase is not a definite sale, and the buyers may choose not to buy the home at the end of the agreed upon lease term. There may be several reasons, not the least of which is that they may just change their minds. Every home has its eccentricities. After someone lives there for awhile they become very familiar with these and may decide the home doesn’t suit them or they don’t like the neighbors or it is too far from work. Alternatively, they may just wander into a Sunday open house and find a house they like better. The buyer may also fail to qualify for a mortgage. Buyers who enter into lease purchase agreements may be strong candidates waiting for a previ-
ous home to sell, or perhaps they are young professionals with good credit but little cash. On the other hand they may seek this kind of agreement because their credit is weak and, though well-intended, may underestimate their ability to either improve it before the agreement expires or to save sufficient funds to actually make the purchase. To protect themselves, sellers can request a letter from the buyers’ mortgage company supporting their ability to obtain a mortgage when the time comes. To decrease the risk of a buyer pulling out of the deal for trivial reasons, sellers can require a deposit and stipulate that some or all of the money is non-refundable. From the buyer’s perspective, a lease purchase makes it possible for someone who is unable to obtain a mortgage to find a home they like and start settling in. While lack of funds may be the reason they can’t buy now, another possibility is that they have minor credit glitches and are willing to repair them, but need time to do so. Many lenders will work with good candidates and help them straighten out their affairs so they can qualify for a loan. For such an individual, the lease purchase agreement permits them to lock in a price and start building equity even before they are actually owners. On the down side, if buyers are required to make a non-refundable deposit, they run the risk of losing those funds should they be unable to exercise the purchase option at the end of the lease. Similarly, they lose any money they pay monthly that is above and beyond what would have been required had they entered into a conventional rental agreement. Finally, buyers should be aware that some sellers intentionally structure agreements to make it easy for them to nullify the contract (and keep the deposit) should a monthly payment be late or in the event prices begin to rise and they can increase their profit by selling the home to someone else.
Celeste Smucker is a writer, editor and author of Sold on Me Daily Inspiration for Real Estate Agents. She lives near Charlottesville.
From a seller’s perspective, a lease purchase offers a number of benefits, the most obvious being that it provides cash flow for a home which otherwise would remain empty.
19
Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
the land office
Always a fine selection of outstanding town & country properties.
STarfielD CoTTage
glenDower, C. 1808
Older Cape Cod of 2,763 square feet with full basement (wine cellar) situated under tall oaks on 4.5 acres overlooking an idyllic pond. Adjoining building lot securing ownership of pond also available. $249,000. MLS#491168
Classic Albemarle estate of nearly 600 acres with charming brick guest cottage c.1745. The handsome brick and slate main residence of over 8,500 square feet was expanded in the 20th century. Extraordinary landscaping. A rare offering. $7,950,000. MLS#456873
HillToP - keSwiCk
STony PoinT – riverfronT
Dulaney Hollow aT olD rag mTn
Private and peaceful family home built in 1997 on nearly 30 acres on the Rivanna River. First floor master suite, cherry cabinets, granite counters, home office, beautiful wrap around porches and raised bed gardens. $745,000. MLS#491266
Located near Old Rag Mountain in Madison, this handsome Victorian home c. 1911 graces 15 acres with stocked pond, guest cottages, barns and studio. Currently operating as a B&B. $679,500. MLS#487808
3525 Devon PineS Privately tucked away next to wooded green space, this traditional farmhouse, built in 1998, features all the comforts and an exciting floor plan with over 5,000 square feet of living space. Best value in Glenmore. $589,000 MLS#493870
10 TO M I TONU W TE N S
Surrounded by horse farms this light filled 4 bedroom/2 bath Cape Cod on 21+ quiet and peaceful acres has new upgrades and additions, babbling waterfalls, and beautiful grounds all in excellent condition. $675,000.
evenSong
Splendid country property on over 20 acres with woods, gardens, barn, and an amazing and completely renovated 5 bedroom, 4 1/2 bath farmhouse. Copper roof, antique appointments, ceramic tile counters. Priced well below cost. $795,000. MLS#488417
llanDaff Carters Bridge estate area. Extraordinary offering of nearly 20 acres with (3) homes, currently leased. New well, septic, cash flow, and beautiful views and seclusion, surrounded by thousands of acres of land in conservation easement. $675,000. MLS#491842
free union farm
wHiTeHall STaBleS
TurTle Creek
Enjoy glorious Blue Ridge views from this very privately situated brick Georgian on 23 acres in the heart of Free Union. Swimming pool, tennis courts and grand country living. $1,295,000. MLS#485448.
Charming horse property in western Albemarle with center aisle barn, board fenced pastures, 2 bedroom home, separate 2 bedroom apartment, all in excellent condition. Ride for miles from property. Board horses, rent apartment. $499,000 . MLS#485566
The lowest price in Turtle Creek and under assessment. A pristine 2 bedroom, 2 bath unit with brand new carpet and paint. Pool and tennis court. HOA covers everything but electric. Only $114,000. MLS#49683
Jim Bonner
The Top Producing Agent 20 consecutive years.* Since 1998 sales volume in excess of $331,000,000 including over 36,500 acres.
Use your phone to find a home. It’s that easy.
www.landofc.com (434) 951-5102 jbon@landofc.com 20 years of experience at your service. A Virginia Tradition Since 1927
Ednam Hall • 1100 Dryden Lane• Charlottesville, VA 22903 This information, though deemed correct, is not guaranteed.
*According to the CAAR MLS for total volume of sales
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
miSTy river farm
Extraordinary 106+ acre riverfront estate and horse farm. Beautifully crafted by Abrahamse in 2000 of the finest materials featuring dramatic open floor plan. Indoor and outdoor fireplaces, wine cellar, pool/pool house, fabulous barn, magnificent 4 acre lake. $2,450,000. MLS#493735
20
january 26 - february 1, 2012 | Issue 21-04
A Virginia Tradition Since 1927
Roy Wheeler Realty Co. Celebrating Over 80 75 years of Trust, Tradition, and Market Leadership Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903 • (434) 951-5155 • Fax (434) 951-5190
EXCELLENT LOCATION near NGIC/DIA. Shopping and restaurants nearby. New hardwood flooring in all 3BR, new carpeting in living room and hall, new linoleum in kitchen, deck and porch newly painted. Main heating and cooling is accomplished with a heat pump. Insulation added in attic to significantly reduce the utility costs. $182,500. Jan Shiflett, 242-6057. (494506)
TRULY IMPRESSIVE HOME in Hancock Farms. Over 3100 finished sq. ft., formal rooms, 1st floor master, large great room, screened porch. Marvelous patio with fire pit, 3 additional bedrooms, 3.5 baths and unfinished basement. On 2.5 acres with 2 car garage and so much more. $489,000. Matthew@RoyWheeler.com 9605187. (494938)
HICKORY RIDGE. Gorgeous Palladian-Style brick home with 4 fireplaces. Large, handsome rooms with walls of glass, spill onto the bricked pool area. The superbly landscaped grounds are accented with a koi pond and gazebo. A separate pool/guest home offers a large living room, complete kitchen, bath and additional room. $649,900. Frank Quayle, 951-5100. (486869)
GORDONSVILLE. This level 2 acre lot, offering privacy among large hardwoods, awaits your new home ideas. Lot is accessed by an established and shared private road for 4 lot subdivision. Located just outside the town of Gordonsville and convenient to Charlottesville or Town of Orange. $59,000. Matthew@RoyWheeler.com 960-5187. (494958)
CLOSE TO the Downtown Mall, UVA and all that Cville has to offer. Perfect for 1st time home buyer or starter family home. Attractive features include all new stainless steel kitchen appliances and new roof in March 2011. Immaculate and ready for its new owner. Quick closing possible. $169,000. Matthew Woodson, 960-5187 and Tammi Campbell, 8825403. (488995)
BRICK DUPLEX over/under within walking distance to UVa Hospital. Home needs TLC and price reflects that. Home has tons of potential. Great rental history in past. Home is ready for its new owner. Located on a quiet street. $180,000. susanstewart76@gmail.com Susan Stewart 2423550. (494660)
PENMERRYL FARM. Gorgeous property of 140+/acres in Augusta County ready for significant home. The land affords you the opportunity to build on elevated knolls or establish a farm with your own lake of over 20 acres with rolling hills and mountain views. $600,000. www.GerriRussell.com 531-9581 and Jim Bonner, 951-5102. (491280)
FAULKNER FALLS. Estate parcels in Ivy neighborhood off of Owensville Rd. near Old Ballard in Western Albemarle School District. Total of 9 lots 2 - 6.9 acres. Some with mountain views, some abutting lovely pond. Financing available on lots with a minimum of 30% down. Prices start at $250,000. Byrd Abbott, 242-9600. (485875)
IVY on 2.43 acres. Renovated 4BR residence with extraordinary charm, featuring 1st flr. master, 2 FP, mountain views, heart of pine & brick floors and more. Property includes darling 2-story, 2BR/2BA guest cottage w/FP where William Faulkner lived when Writer-in-Residence at UVa and penned his last novel, “Reivers Run”. $1,095,000. Byrd Abbott, 242-9600. (471319)
WANT TO BUILD your own home in the Keswick area? Here are 50 open acres that can have 3 houses on them. One smaller house and a barn are already on the property. There are 3 house sites to build on or sell. Developers come take a look. Two additional hidden benefits. $1,250,000. Ginger Ashcom 978-1066/953-8045. (484292)
IMAGINE 80 acres so close to town. Majestic and graceful brick Georgian, built in 1976, on an elevated plateau above Ivy Creek. Easily divided into two estates. In-ground pool, two car garage and location, location, location. $2,950,000. www.landofc.com Jim Bonner, 9515102. (489444)
2 STORY BRICK on 1/2 acre only 10 minutes to UVA. Outstanding condition. This one is priced to sell quickly, well maintained very spacious home. Huge rooms. Beautifully landscaped lot with woods in back. Hardwood floors throughout. Pegged floors in family room. Ceramic baths, new furnace, hot water heater, roof. $379,000. Joan Esposito “Your Running Realtor”, 434-760-1028. (494877)
SPECTACULAR panoramic view from this land!! Super opportunity to build your dream home, horse farm, private & very protected site. Land can be cleared, has many more high spots on it and a couple of creeks. 54 acres. $789,000. (457575) Jane Porter Fogleman Jane@foglemangroup.com 981-1274 or Claiborne Redd Fogleman Claiborne@foglemangroup.com
BEAUTIFUL DOWNTOWN McGuffey Condo. Just steps from the historic mall. Tile floor in entry and kitchen/b’fast. Wood floors throughout, California closets, spacious living room with builtins and fireplace. Great deck facing west with city and mountain winter views. Very private with great light. Can’t beat this location! $250,000. Alex Ix 951-5177/962-0509. (486494)
m To In TouT w ES n
LOVELY OPEN FLOOR PLAN rancher. Living room w/wood burning fireplace, dining & kitchen open with island that allows you to talk with family and friends while cooking. The large great room off the back of the home is perfect for entertaining. Additional two bedrooms & another full bath complete this great package. $174,000. Sharon L. Williams, 434-906-5069. (494738)
DI S SA TR LE ES S
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
Email: homes@roywheeler.com • Website: roywheeler.com
IT’S NOW OR NEVER for this magnificent home in Stoney Creek. A stunning value at $95.1 per SF! Only 15 minutes to Crozet and 30 to Cville. Custom home with: Granite, tile, hardwoods, 5 hearths, 3-car garage, office, 4 bedrooms, 1st flr. master. 1.5 acre lot is buffered by 2.5 acres of surrounding open space. $499,000! Contact Brian Chase, 296-9860. (489731)
This information, although deemed accurate at the time of publication, is not guaranteed.
21
Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
A Virginia Tradition Since 1927
Roy Wheeler Realty Co. 80 years of Trust, Tradition, and Market Leadership Celebrating Over 75 Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903 • (434) 951-5155 • Fax (434) 951-5190
LOT 10 at Langdon Woods not only boasts a beautiful 4.42 acre wooded setting for your custom home but also a two story log cabin (with bathroom) that can be used for office space or a studio. Offered for $217,000. www.MaupinGroup.com Christy 882-3456 or Warren 962-8939. (422851)
EXCEPTIONAL LOCATION. Luxurious condominium in Charlottesville’s premier location near UVa, Farmington and Boar’s Head. Classic all-brick Jeffersonian architecture with secure entry and parking, and pastoral views. Open floor plan, one-level maintenance free living. $645,000. Phyllis Novotny, 951-5141. (493502)
BEGGAR’S HOLLOW. They say good things come in small packages. This 1920s gem is no exception. Completely remodeled by current owner. Included with this home are 24 acres of pasture and woodlands with a creek and a new 4 stall barn and several fenced paddocks. Call me today to take a look. $385,000. www. GerriRussell.com 531-9581. (482993)
WELCOME TO Dogwood Farm, a charming country home with plenty of room for two horses without spending hours on mowing. This light filled home is perfect for someone desiring one-level living. This home has been completely remodeled from top to bottom in the last several months. Conveniently located to I-64. $399,000. www.GerriRussell.com 531-9581. (488962)
INDEED A RARE FIND in an exceptional city neighborhood within walking distance to the central grounds of the University and just minutes to downtown and Barracks Road shopping. 1 level residence with 2 masters and a 3rd bedroom with full bath upstairs. 2 fireplaces, breakfast area and built-ins. Quality throughout. $795,000. Courtney Sargeant 951-5123/962-3100. (492800)
WOW! What a location. Off the beaten path, a hop, skip, and a jump from the new Meade Avenue Water Park, local enticing eateries and a 15 minute trot to the mall and City Market, this 3BR/1.5BA 1960s CITY home has central air, hardwood floors and a finished lower level family room, wet bar, laundry area, and a 1 car garage. A GREAT CITY BUY AT $239,000. Courtney Sargeant, 962-3100. (493763)
CUSTOM BUILT HOME offering one level living. Corner lot with a 14 x 32 outbuilding for storage and/or your car. This well-built house features cathedral ceilings, an open floor plan, three bedrooms, two full baths and a screened in porch. WOW! You don’t want to miss this one. $266,500. Jan Shiflett, 242-6057. (493403)
COOL OFF HERE! 16x32 pool, fruit trees, fenced yard, and corner lot. 4 bedrooms, 2.5 baths, over 2000 square feet, hardwood floors, open floor plan, cathedral ceilings and 2 car garage. One year warranty. $209,900. susanstewart76@gmail.com Susan Stewart 242-3550. (490800)
BUILD YOUR NEW HOME HERE! This nice wooded lot offers privacy and is only minutes to the gate, tennis courts and the playground. Ask about special builder packages! $40,000. susanstewart76@gmail. com Susan Stewart 242-3550. (493441)
HARDWARE RIVER FARMS. Situated at the end of a cul-de-sac in Albemarle County, within 15 minutes of town, you will find this gorgeous elevated 5+ acre building site set amongst mixed hardwoods. Priced well below assessment at $139,000. stevew@virginiafineproperties.com Steve White, 951-5112. (493389)
COTTAGE AT LAKEVIEW. 40 acres of mature hardwoods, rolling pasture and your own stocked pond. 2BR/1BA residence features hardwood floors, large eat-in kitchen and rear deck overlooking the pond. Part of a 1200 acre conservation easement, it offers privacy with convenience to town. $319,500. stevew@virginiafineproperties.com Steve White, 951-5112. (471175)
WHY RENT when you can move right in to this upgraded, private home nestled on 3/4 of an acre at an amazing price! Inviting open floor plan with vaulted ceiling great room, and gas fireplace. 3BR/2BA. Workshop/shed with electricity, long paved driveway, fish pond, fenced yard, screened porch and just a short drive to NGIC or GE. $169,900. Sharon Wood, 242-6847. (492467)
GREAT EXPOSURE to over 30,000vpd on this 16 acre tract with over 600 feet of road frontage on Route 29N and Deane Road. Tremendous commercial growth potential with public water and sewer obtainable. Property located within Greene County designated commercial growth area. $1,995,000. Matthew Woodson, 960-5187 and Rod Brunelle, 760-4663. (492874)
BUILD YOUR DREAM HOME in this established neighborhood convenient to shopping, NGIC and UVa Research Park. Almost 1 acre of level, mostly open land. This lot could be yours today! $44,000. Matthew Woodson, 960-5187 and Ginny Barefoot, 531-7864. (490156)
EVERGREENE VILLAGE is a community found in the heart of Stanardsville. One level home with two bedrooms, two full baths and a one car garage. Convenient to the library, senior center and shopping. $144,900. Matthew@ RoyWheeler.com 960-5187. (491063)
This information, although deemed accurate at the time of publication, is not guaranteed.
$3 FR 85 O ,0 M 00 !
THIS CHARMING COUNTRY HOUSE, situated on a quiet cul-de-sac is only steps from the James River yet less than 15 minutes to the historic river town of Scottsville. Fully set up for sustainable living with a bountiful irrigated organic garden, fruit trees, a chicken run plus a fenced area, perfect for keeping a milking goat or two. $159,000. Peter Lee 951-5142/960-6486. (488410)
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
RE m Du Aj cT oR Io n
Email: homes@roywheeler.com • Website: roywheeler.com
22
january 26 - february 1, 2012 | Issue 21-04
CAAR 2011 Year End Market Report Charlottesville Area 4th Quarter 2011 Highlights: • Median sales price for the region is down 0.4% over last quarter and 3.6% from the Q4-2010 to $240,000 • New listings were down 20.3% from the same period last year. • Homes took an average 9 days longer to sell compared to Q42010 with average Days on Market (DOM) of 161. • Pending sales rose 19.3% over same time 2010 from 456 in Q4 2010 to 544 in Q4 2011. • The median sales price for 4th Quarter sales year-over-year declined 3.75% from $249,000 to $240,000.
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
Charlottesville Area 2011 Year-End Highlights: • Top three areas for sales in 2011 were Albemarle, Charlottesville, and Fluvanna counties. • The most affordable areas in our market were Greene, Louisa, and Fluvanna counties. • Overall sales were down a nominal 1.5% from 2010, though up slightly from 2009 levels.
Days on Market (DOM) The length of time a property is on the market before sale is very much affected by the amount of supply compared to demand, and real estate professionals understand the critical role pricing plays. While the market has varied throughout the
• Active inventory to close 2011 is down 7% from year-end 2010. • Days on Market stable since 2010, half of homes sold in 86 days or less in 2011 and average DOM was 149 in 2011. • Median Sales price for 2011 of $245,000 was down 3.9% from year-end 2010.
2011 Market Overview Home Sales for 2011 There were 2,300 homes sold in the Charlottesville area in 2011, which was down 1.5% (-36 sales) from 2010. Albemarle (+2.7%) and Charlottesville (+5.3%) showed an increase in sales for the year. All other areas were down from last year: Fluvanna (-15.1%), Louisa (-12.0%), Nelson (-6.1%), and Green (-3.3%). Sales of detached homes in the area were down 1.4% from 2010 to 1,733. This is 3.8% higher than the 1,669 detached homes sold in 2009. There were 567 attached homes (condos and townhomes) sold in 2011, 1.4% lower than 2010 and 13.0% off the 5-year average levels. Foreclosed property sales were up 10.4% to 328 compared to 297 sales
in 2010. Foreclosures represented a 14.3% share of all sales in 2011, up from a 12.7% share last year. Short sales nearly doubled year-over-year, from 76 sales in 2010 to 112 in 2011. Fortunately in the interest of pricing stabilization, short sale transactions only represented 3.3% of the market while traditional sales, or those transactions not involving a foreclosure or short sale, accounted for 80.9% of MLS sales.
past several years, the average days on market (DOM) prior to sale has remained relatively stable the past two years, increasing only one day from the 2010 average to 148 days. Half of the homes sold in 2011 were on the market for 86 days or less, up slightly from the 82 median DOM of 2010. Attached homes sold an average 10 days faster than detached homes, with a DOM of 140 in 2011.
Home Prices Home prices declined somewhat in 2011, with the amount of the decline varying from significant to nominal depending upon the county. The median prices listed below are
The top three areas for sales in 2011 were Albemarle, Charlottesville, and Fluvanna counties, and the most affordable areas in our market were Greene, Louisa, and Fluvanna counties.
23 Lower Inventory of Homes for Sale At year end, inventory is down to the lowest level since year-end 2006 and 7.0% down from the year-end 2010 level, signaling what could be a positive trend for the Charlottesville market. While the 4,802 new listings added throughout 2011 (irrespective of where they ended up in the transaction process) represents a 12.9% decrease from the 5,512 new listings added in 2010, we remain a buyer’s market. The 2,020 active units to close the year represent 11.6 months of supply if the 2011 absorption rate continues into 2012.
The 433 active attached properties for sale represent a decrease of 2.0% from year-end 2010 while the 1,586 detached properties for sale are 7.6% lower than last year’s level. The 74 foreclosed properties for sale to begin 2012 are 31.5% lower than last year, while the 1,874 traditional listings on the market are only 4.7% lower than year-end 2010.
Sold Price Per Square Foot (Finished) – Affordability and Bargains Remain The area average of $140 per finished square foot is the lowest number since 2004, indicating true “pockets of value” for buyers. Prices are
the middle of the market of properties that sold, indicating what buyers were willing/able to pay. Overall, the $245,000 median home price (including attached homes) represented a 3.9% decrease compared to last year. The areas with higher sales volume like Fluvanna (-2.5%), Albemarle (-4.0%), and Charlottesville (6.1%) saw more moderate decreases, while the remaining counties experienced slightly higher pricing drops: Greene (-8.6%), Nelson (-13.5%), and Louisa (-15.6%). The median price for detached homes in Greater Charlottesville fell 3.6% from 2010 to $270,000 while the median price for attached homes was down 10.1 % year-over-year to $191,000. Foreclosed listings had a median price of $130,000, or half the $265,000 median for traditional property sales. The traditional sale median price was down only 2.8% from 2010 and actually represents an increase of 1.2% from the 2009 level. The $211,000 median price for short sales represents a 9.0% year-over-year increase. down $6 per square foot on average from last year and $42 since peaking for buyers in 2006. The most affordable markets are outlying localities of Fluvanna ($108) and Louisa ($100). The relative stability in price per finished square foot in Charlottesville ($167), Albemarle ($145), and Greene ($118) supports the strength and stability of these markets. There is remarkably little variance between the price per square foot for attached homes ($141) vs. detached homes ($139). During the peak year 2006, detached homes averaged $15 more than attached homes, $192 and $177 respectively. Housing affordability is a positive aspect of this market. 596 homes, or 30% of the
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
24
active listing market, were for sale at $200,000 or less to begin 2012. The average sold price per square foot for foreclosed properties in 2011 was $88, nearly 60% lower than the $151 average for traditional sales! The price per square foot for short sales was in the middle of these two figures, averaging $107.
january 26 - february 1, 2012 | Issue 21-04
Price sensitivity is still a key factor in this market and if you plan to sell a home in 2012, be sure to have a REALTORÂŽ prepare a comparative market analysis (CMA) so that you can price it to sell. And, if you are looking to buy, a REALTORÂŽ can help you understand the current market and evaluate your options.
THE
CAAR Real Estate Weekly | www.charlottesvillerealestateweekly.com
CAAR
Real Estate Weekly
This 2011 Year-End Market Report is produced by the Charlottesville Area Association of REALTORSÂŽ using data from the CAAR MLS. For more information on this report or the real estate market, pick up a copy of the CAAR Real Estate Weekly, visit www.caar.com, or contact your REALTORÂŽ.
Key a home to finding
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Issue 2 1-04 | j a n u a r y 2 6 - f e b r u ary 1, 2012
Home
SaleS S t a t S FOr The week eNdiNG 1-13-12
There were
31 sales
CAAR
Real Estate Weekly
4(% 39 rudOlPh sTreeT
DEER lAKE ESTATES | gREENE $215,000 $129 per fin. square foot On market for 124 days
in the seven-county area. albemarle with an average price of $348,988 were in Charlottesville with an average price of $304,767
â&#x20AC;˘ six were in Fluvanna with an average price of
Staff:
315 dObie CONdO
WINTERgREEN mOUNTAIN VIllAgE $330,000 $207 per fin. square foot On market for 35 days
!24 $)2%#4/2 Tracy Federico TRACYF CAAR COM
$278,250
CLASSIFIED HOMES FOR SALE FORECLOSURES (Bank owned properties) See them all at www.homesofc.com Jim Bonner (434) 951-5102 (24 hours) Roy Wheeler Realty Co.
commercial space DOWNTOWN STORAGE 1,000 square feet of secure, conditioned storage space in the Bank of America building on the downtown mall. Includes access to dock-high loading area on Water Street. $5 psf or $416 per month. Email if interested: bill@c-ville.com No phone calls, please.
Two
EMPLOYMENT
were in Greene with an average price of
â&#x20AC;˘ One was in louisa with a price of $224,900
20415 lahOre rOad
â&#x20AC;˘ Five were in Nelson
with an average price of
$298,400
â&#x20AC;˘ One was in Orange with a price of $20,000
2 14
64
2
Orange
2 20
Gordonsville
Louisa
22
Charlottesville
53
20
Scottsville 6
15
33
231
250
29 6
29
Crozet
151
Nelson
15
Greene
Albemarle 240
1
Madison 33
33
15
64
Fluvanna 6
250
6
5
Sample
Sales:
ORANgE cOUNTy $20,000 $32 per fin. square foot On market for 109 day
local Government Information (Note: Real estate tax information gathered from local government Web sites and is believed but not guaranteed to be accurate as of publication date. Towns may assess real estate taxes in addition to those charged by each county.)
CiTy OF CharlOTTesville www.charlottesville.org real estate tax rate: $.95 per $100 of assessment albemarle COuNTy www.albemarle.org real estate tax rate: $.742 per $100 of assessment FluvaNNa COuNTy www.co.fluvanna.va.us real estate tax rate: $.54 per $100 of assessment GreeNe COuNTy www.gcva.us real estate tax rate: $.69 cents per $100 of assessment lOuisa COuNTy www.louisacounty.com real estate tax rate: $.62 per $100 of assessment madisON COuNTy www.madisonco.virginia.gov real estate tax rate: $.44 cents per $100 of assessment
25 sPriNG COurT FOUR SEASONS | AlbEmARlE $65,000 $68 per fin. square foot On market for 20 days
NelsON COuNTy www.nelsoncounty.com real estate tax rate: $.55 per $100 of assessment OraNGe COuNTy http://orangecountyva.gov real estate tax rate: $.47 cents per $100 of assessment
The REAL ESTATE WEEKLY is published weekly by the CAAR Real Estate Weekly, Inc., a wholly owned subsidiary of the Charlottesville Area Association of RealtoRsÂŽ, Inc. Copyright All rights reserved. Reproduction in whole or in part without permission of the publisher is strictly prohibited. All advertising published in the REAL ESTATE WEEKLY is believed to be truthful and accurate. No advertising will be published in the Real Estate Weekly if it is known to be inaccurate or untruthful, but this publication does not warrant, nor is it liable for, the accuracy or truthfulness of the advertising placed within this publication. Neither the CAAR Real Estate Weekly, Inc., nor its corporate parent, the Charlottesville Area Association of RealtoRsÂŽ, Inc., assume any responsibility and shall have no liability whatsoever for errors, including without limitation, typographical errors or omissions in the REAL ESTATE WEEKLY. Any reference made to the CAAR Real Estate Weekly, Inc. or the Charlottesville Area Association of RealtoRsÂŽ, Inc. is not to be construed as making any representation, warranty, or guarantee by the corporations concerning the information on properties advertised in the REAL ESTATE WEEKLY. The content of all ads contained herein are solely the responsibility of the advertiser. The opinions and statements contained in advertising or elsewhere in this publication are those of the authors of such opinions and are not necessarily those of the CAAR Real Estate Weekly, Inc., or the Charlottesville Area Association of RealtoRsÂŽ. the CAAR Real Estate Weekly, Inc. reserves the right to edit or refuse any advertising it deems inappropriate or misleading. No advertising will be published in the Real Estate Weekly if it is known to be inaccurate or untruthful. Every effort has been made to assure accuracy, but this publication does not warrant, nor is it liable for the advertising placed within this publication. This publication will not accept advertising that refers to or attempts to establish fees or rates of commissions charged for services rendered. Information on advertising placement may be obtained by calling 434-817-9330. All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise â&#x20AC;&#x153;any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination.â&#x20AC;? Virginia Fair Housing Law also makes it illegal to discriminate because of elderliness (age 55 and over). We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
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Submit resume, writing sample and salary requirements to resume@caar.com. No phone calls, please.
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$191,500
CAAR
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25
M A R K E T P L A C E
!$6%24)3).' Beth Wood ADS CAAR COM
%$)4/2)!, #//2$).!4/2 Joanne DiMaggio JOANNEDIMAGGIO EMBARQMAIL COM
â&#x20AC;˘ Fourteen were in â&#x20AC;˘ Two
www.landofc.com Jim Bonner (434) 951-5102 (24 hours) Roy Wheeler Realty Co.