The Real Estate Weekly 10.11.12 by The Real Estate Weekly

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Real Estate Weekly www.cAAr.com

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vol. 21 no. 41 n october 11 - october 17, 2012

A PublicAtion of the chArlottesville AreA AssociAtion of reAltors® Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange

Martha’s MArket 19th AnnuAl

Will Benefit

Women’s CAAR health third Quarter

market report What is Appraised value?

By Marilyn PriBus

o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2 | I s s u e 21 - 4 1

A Virginia Tradition Since 1927

Roy Wheeler Realty Co. 85 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

OVER 14 ACRES of lush pasture on the Rapidan River. Two bedroom cottage, outbuildings, perfect for a weekend retreat. Bring the horses and enjoy fantastic mountain views and fishing! $270,000. Fiona Tustian, 540-661-9089. FionaTustian1@gmail. com (503230)

AMAZING VIEWS from this 60 acre tract. Rolling pastures nestled at the base of the Blue Ridge Mountains offers elevated home sites with distant views of the Southwest Mountains. Just across the street from Greene Hills Country Club and 5 minutes to the town of Stanardsville. $525,000. MatthewWoodsonProperties. com 960-5187. (503148)

SAY GOOD-BYE TO RENT! Great started home on 3 acres with detached 2 car garage. Main level has eat-in kitchen, 3BR/2BA plus living room. Owners completed the basement with another bath and kitchenette. Just a few minutes from shopping, NGIC, UVa Research Park. Priced well below current assessment. $229,900. MatthewWoodsonProperties.com 960-5187. (503204)

GORGEOUS 1/4 acre parcels close to the pool and Old Trail Village area. Parcels offer breathtaking Blue Ridge Mountain views and are predominately open. The best feature, besides the view, is that nothing will be built behind you because parcel backs up to future Albemarle County Park. $154,500 each. www.DeniseRamey.com Denise Ramey 434-960-4333. (6502873, 74, 77)

OLD TRAIL VILLAGE. Bring your builder! Live in one of Central Virginia’s fastest growing communities with amenities such as golf, walking trails, county park and pool. Two parcels that offer year around Blue Ridge Mountain views in the Creekside section. 0.57+/- ac. lot for $239,000. 0.46+/- ac lot for $225,000. www.DeniseRamey.com Denise Ramey 434-9604333. (502810, 12)

THIS 4 BEDROOM RANCH home, just off 231 in Albemarle County, has a full basement, detached garage and an AWESOME in ground pool! Big 2 acre lot with great storage inside and out. $174,500. Maury Atkins 540-223-2719. (503472)

ONE LEVEL LIVING just minutes from shopping & Augusta Health. Elegant home with large rooms. Like new condition! 2BR/2BA and an additional separate in-law or caregiver suite with full bath and separate entrance. No maintenance exterior, Trex Decking and paved driveway. Professionally landscaped. $214,900. Michele Sheffield 906-2923/951-5188. (501068)

D U R

BEAUTIFULLY UPDATED home located in the heart of Charlottesville. This solid classic home has oversized rooms with high ceilings, large eat-in kitchen and newer roof! Outside entrance to basement/storage area, tons of space for workshop or storage. Sit on the new deck overlooking private fenced backyard. $179,900. EXCELLENT condition. Sharon Wood, 242-6847. (498727)

ONE LEVEL LIVING in this spacious brick ranch home near 64 in Fluvanna. OVER 13 ACRES INCLUDED! Full basement, paved circular drive, attached 2 car garage PLUS a detached garage/workshop. Includes a one year home warranty! Call Maury for details. $235,000. Maury Atkins 540-223-2719. (501792)

AUBURN HILL. c.1740 center hall manor house on 208 acres has 3 chimneys servicing 6 fireplaces, heart pine flooring, exposed hand hewn wooden beams & high ceilings. The English basement features the original wall ovens. Great retreat or permanent home. $1,150,000. Ginger Ashcom 978-1066/953-8045. (483750)

123 ACRES OF PRIVACY in Louisa and a great location for a secluded farm or private home site. Mostly wooded, but includes two large and secluded fields ready for any agricultural use. $325,000. Maury Atkins 540-223-2719. (497995)

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. $679,000. (457575) Jane Porter Fogleman Jane@foglemangroup.com 981-1274.

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R E

D SPRING CREEK. 3 levels of living space with formal DR, LR with French doors, large FR w/gas FP and screened in porch in the back. The kitchen has black appliances, center island, recessed lighting and breakfast nook. Carpet, hardwood and ceramic tile floors, 5BR/3.5BA and two car garage. $350,000. Lannie Turman, 996-0666 and Shirley Saum, 964-7063. (501708)

a r t ld o COME SEE the new additions in this custom built home in Old Trail. Enjoy the rocking chair front porch w/great views of Blue Ridge. New back porch & patio w/awesome fire pit in the newly fenced & landscaped backyard. 4BR/3.5BA, oak hardwood floors & ceramic tile throughout. Don’t wait to build! $459,900. www.DeniseRamey. com Denise Ramey 434-960-4333. (497366)

VERSATILE ONE LEVEL LIVING with room to spare! This home has everything you might want in a new home. Offering 4 bedrooms, 3.5 baths, over 5000 fin. sq. ft., formal rooms, wonderful kitchen, screened porch, 3 car garage, finished basement and so much more. $489,000. MatthewWoodsonProperties.com 960-5187. (502696)

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

C U O N N D TR E AR C T

HI SPEED INTERNET, 1764 square foot completely renovated farm cottage with metal roof, 3-4 bedrooms and 2 baths on 3+ acres. New stainless appliances, high value insulation and more. $199,900. Fiona Tustian, 540-661-9089. FionaTustian1@gmail. com (503307)

MOSTLY WOODED 173 acre tract with superb frontage on Route 33 in Louisa. Beautiful rolling woodland with primarily mixed growth hardwoods, one section in pines. Old home place still standing. $499,000. Maury Atkins 540-223-2719. (497993)

PRICED WELL under assessment. 2BR/2BA unit with brand new carpet and paint. Living room with brick FP, dining area and terrace with small exterior storage area. Pool and tennis court. HOA covers everything but electric. Enjoy the convenience to shopping, downtown Charlottesville, Trader Joe’s, theatres and UVA. $107,000. JimBonner.com 951-5102. jim@jimbonner.com (492683)

2011 HOME PRICED UNDER COST TO BUILD NEW. Mountain view from living areas & first floor master, upgraded kitchen and terrace level basement. Greenecroft is moments from great shopping, employment and recreation. $319,500. Visit www.CharlottesvilleHOME.com for photos and floor plan. Virginia Gardner, 981-0871. (500107)

This information, although deemed accurate at the time of publication, is not guaranteed.

BEAUTIFUL CUSTOM HOME has it all....Gourmet kitchen, wine cellar, large decks for great views & sunsets, soaring stone fireplace, reclaimed antique wood floors. Enjoy the indoor private spa. Owner financing available w/ acceptable offer & deposit. $989,000. Christy and Rod Phillips, 434-9876399. (499924)

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A Virginia Tradition Since 1927

COMPLETELY REDONE three bedroom home on 2 acres. Within 15 minutes to Lake Monticello, Fork Union and Scottsville. All new floors, freshly painted, new appliances. Surrounded by countryside. Come and relax away from traffic and noise. $114,900. Mandy Yancey, 760-1882. (497825)

HATFIELD FARMS. Delightful remodeled home in the country. Come and enjoy the 2 new baths, carpeting, kitchen and much more. Enjoy the pasture and mountain views from one of the many decks. There is a small 3 board paddock area. Finished room in the garage can be an office or workshop. Apt. over garage. $239,900. www.GerriRussell. com 531-9581. (497560)

BEAUTIFUL LEVEL LOT with mountain views in Albemarle County. Land has been perked and is ready for a new home. Easy drive to Cville or Lynchburg. Lot is open with beautiful old oaks that would make great shade trees. No restrictions, manufactured homes welcome. $34,900. Michele Sheffield 906-2923/9515188. (495047)

PRIVATE COUNTRY LIVING, min. from Scottsville, in this delightful cottage with walkout basement on 4.3 acres. Cathedral ceiling, gas log FP, 3BR/2BA home. Bright and open. Master bath with dbl. vanities, whirlpool tub and separate shower. Screened porch, large deck, fenced rear yard. $198,500. Byrd@ByrdAbbott.com 242-9600. (497063)

ENJOY THE CONVENIENCE of city living at Willoughby Townes. Walk, bike or drive the short distance to the Downtown Mall, UVa or grocery store. Quality built by Southern Development. 3 bedrooms, 2.5 baths. Owner willing to pay $4000 in closing costs for qualified purchaser. All appliances included. $220,000. Ginny Barefoot, 531-7864. (502212)

WHAT A VIEW! From this lot you get a big view of the Blue Ridge. Sunset on one side and sun up on the other. Premium Indian Springs lot, nice trees and a great building site for maximum views. Well and septic approved. $425,000. Jane Porter Fogleman Jane@foglemangroup. com 981-1274. (492549)

VACANT LOT wants a new home. Opportunity awaits in this community with lake and beach for your pleasure. Bring your home design to fit on this 1.3 acre lot in Greene Acres. $19,900. www. KathyMarkwood.com 985-6454. (495614)

WATER VIEWS in Indian Springs. Lot 53 boasts 2.51 acres and adjoins the 25+ acre common area with community lake. Perked for a 4 BR home and the well is already in place. Offered for $157,000. www.MaupinGroup.com Warren Maupin, 962-8939. (438491)

HIGHLY DESIRABLE neighborhood across from Meriwether Lewis Elementary. Great open floor plan, living room, dining room and large kitchen. 2 family rooms, large deck with pergola and seating which looks out onto a nearly level backyard. Hardwood and ceramic floors with a large 2 car garage. $479,000. Tom Noelke, 770-8902. (481516)

2 HOMES FOR THE PRICE OF 1. Located on popular tree-lined street. Walk to downtown, farmer’s market, ACAC and popular restaurants in heart of Belmont! 1 is family home w/numerous recent updates. The second home has been rented consistently. Great investment in central location. $189,900. www.DeniseRamey.com Denise Ramey 434-960-4333. (483913)

KESWICK. Beautiful level building site conveniently located at the intersection of Route 250 (Richmond Road) and Route 616 (Black Cat Road). Only 15 minutes from downtown Charlottesville! $69,000. Rick Reed, 409-2745. (500276)

PRIVATE LAKE ESTATE PARCEL. Gorgeous estate parcel of 135+/-acres in Augusta County. Build your home upon on an elevated knoll or establish a farm with your own lake of over 20 acres with rolling hills and abundant mountain views. $675,000. www.GerriRussell. com 531-9581 and Jim Bonner, 951-5102. (491280)

COME TO SYCAMORE SQUARE! Incredible value and savings on new homes plus a great neighborhood. For a limited time, this builder is offering big discounts and bonus options. Why rent when you can own a spacious home at an amazing price?! $186,220. susanstewart76@gmail.com Susan Stewart 434-242-3550. (501852)

r si e gn d if u ic c a t nt io n

BEAUTIFUL PRIVATE 61+ ACRE parcel situated in NW Albemarle Cty. that offers pastures, mature hardwood forest, stream, division rights and gorgeous Blue Ridge Mountain views. Parcel priced to sell at over $100,000 below current county tax assessment. $324,500. stevew@virginiafineproperties.com Steve White, 951-5112. (486700)

TIMBER FRAME & STONE. Existing home on this golf front lot will be removed to make room for a Winterwoods Homes luxury timber frame and stone design. Special lot is within 100 yards of Stoney Creek clubhouse. Already have your own lot? Choose from any of 40+ portfolio designs. Dobie Mtn. Lookout design shown. $2,725,000. www.TheChaseTeam.com 296-9860. (462919)

PREDDY CREEK. Spacious Barboursville home on quiet cul-desac. Are you looking for large home on over an acre, convenient to NGIC and Cville? This is it! High ceilings, new oak flooring in great room, attractive eat-in kitchen, classic dining room, large bedrooms and basement family room with tons of storage! Oversized garage. $330,000. Sharon Wood, 242-6847. (501685)

RESIDENTIAL LOT in Mountain Vista. One of the most convenient rural lots on the market today. Only minutes to NGIC, UVa Research Park and Shopping at Hollymead Town Center. Subdivision of medium to large parcel lots offers loads of privacy with a small community feel. $115,000. MatthewWoodsonProperties.com 960-5187. (483917)

SUNRISES WORTHY OF A POST CARD. Cozy cottage is nestled on 10+ acres overlooking farms of the South River Valley. Partially wooded that promotes privacy and wildlife and boasts impressive valley views. Call today! $279,000. Matthew Woodson, 960-5187 and Rod Brunelle, 760-4663. (493784)

This information, although deemed accurate at the time of publication, is not guaranteed.

5 ACRES, 2 miles west of a quaint, Historical Cty. seat in Buckingham. Must see to appreciate. Property is on 2 sides of Rt. 60. The smaller section extends to Rt. 742. Commercial lot with store and gas pumps is close by. Commercial potential. $36,000. Bonnie & Joe Field - The Field Team, 589-2611. (501284)

CAAR Real Estate Weekly | www.cAAR.com

GLENDOWER, c. 1808. Classic Albemarle estate of nearly 600 acres featuring a rich history with a charming brick guest cottage dating to 1745. The handsome brick and slate main residence, of over 8500 sq. ft., was expanded in the 20th century with the help of noted architect, Floyd Johnson. A rare offering. $5,250,000. JimBonner.com 951-5102. jim@jimbonner.com (496651)

o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2 | I s s u e 21 - 4 1 www.cAAr.com

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Whatâ&#x20AC;&#x2122;s

FREE

Real Estate Weekly

vol. 21 no. 41 n october 11 - october 17, 2012

A PublicAtion of the chArlottesville AreA AssociAtion of reAltorsÂŽ

Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange

Inside:

Residential BRokeRs

Marthaâ&#x20AC;&#x2122;s MArket 19th AnnuAl

417 Park Street, Charlottesville, VA 22902

Will Benefit

Womenâ&#x20AC;&#x2122;s CAAR health third Quarter

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market report What is Appraised value?

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By Marilyn PriBus

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Marthaâ&#x20AC;&#x2122;s Market

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

19th AnnuAl

Will Benefit WoMenâ&#x20AC;&#x2122;s heAlth By Marilyn PriBus PAGE

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Sonja Casero, (434) 981-3523 Multi-Million Dollar Top Producer for over 20 years Consistent Award Winner Hall Of Fame

Call Sharon, (434) 981-7200 Over $13 Million Sold in 2010 Native of Charlottesville with over 25 years of local Real Estate Experience. Hall Of Fame

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Open Houses ..............................................6-7 Homes for Sale in Every Price Range ............ 6 News & Views................................................ 8

real estate news

CAAR Third Quarter Market Report ............. 10

feature

19th Annueal Marthaâ&#x20AC;&#x2122;s Market Will Benefit Womenâ&#x20AC;&#x2122;s Health ...................... 14 By marilyn priBus

home finance

What is Appraised Value? ........................... 20 By roger a. varner, ii

Homes for the First-Time Homebuyer ............ 9

Home Sales Stats........................................ 22

Neighborhoods .............................................. 9

Index of Advertisers..................................... 22

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I s s u e 21 - 4 1 | o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2

119 Riverside Drive

Patsy Strong PrinciPal Broker, aBr, SreS, SrS

434-996-4606 Patsy@StrongTeam realtors.com

$154,000

in Lake Monticello & Fluvanna County Homes Listed & Sold Since 2002 - And Still Leading in 2012! Work with the Market Experts!

$165,900

3 Cobb Court

$204,500

1736 SF - 3 BR - 2.5 BA - Backs To Farmland

1344 sf - 3 BR - 2 BA - Fenced Backyard

1722 sf fin - 1620 sf unfin, 3 BR, 2 BA, On 1+ Acre

Lake Monticello - Colonial enjoys total seclusion in Neighborhood Setting - Enjoy all that Lake Monticello has to offer while still enjoying total privacy! Backs to Farm Acreage. Greatroom w/ FP, 280-sf Family Rm, Paved Drive. Shed. MLS #500793

Lake Monticello - Vaulted Rancher with Huge Fenced Backyard - Screened Porch - Garage! Greatroom with woodburning FP, Vaulted Kitchen, Lrg Master, Screened Porch, Level Fenced Backyard. Paved Driveway - MLS #502971

Lake Monticello - Custom Rancher on over 1 Acre inside Lake Monticello - Total Privacy Formal Gardens - Lots of Privacy - Hardwoods, Open Kitchen w/Stainless Refrig and Jenn-Air, Formal DR, Master w/Whirlpool, Unfin. Conditioned Basement, - MLS #502863

149 Spring Meadow Lane

76 Bell Farms Lane

Get More Home For The Money

Realtor

28 Marwood Drive

144 Otter Court

In Fluvanna!

$315,000

3400 sf fin - 4-5 BR - 3 BA - On 2.83 Acres Beaver Lake Estates - Beautiful Rancher w/spacious 2nd Fl for Guests - Grade-level Garage! HardiPlank & Brick Exterior, Hardwoods, Gorgeous Open Kitchen, Greatroom w/Built-ins & FP, Split-BR Design, High Speed Internet, Level Acreage - MLS #503582

$329,000

$348,500

2900 sf fin - 774 sf unfin - 4 BR - 3.5 BA - 2.97 Acres

3384 sf fin - 3-4 BR - 3.5 BA - On 9+ Acres

Fieldstone - Minutes to Cville & I-64, Gorgeous Setting w/Walking Trails & Stream, Barry Meade Home w/Hardwoods, Open Greatroom w/Stone FP, Sunroom w/Tile, Open Kitchen w/Maple Kitchens, Skylights, Fin. Basement, Garage - MLS #500924

Bell Farms - Gorgeous Colonial on 9.27 Acres - Very Private, Yet Convenient! 9-ft Ceilings, Formal LR & DR, Wide-Plank Maple Floors, Stainless Appl, Screened Porch, Lrg Master w/Whirlpool & Tiled Shower, Level Acreage, Fin. Basement w/Full BA - MLS #503411

For More Great Homes In Fluvanna County - Starting At $118,000, Please Visit:

www.StrongTeamRealtors.com • www.LakeMonticelloProperties.com

www.charlotteramsey.com

434-296-7171

“Personalized Real Estate Service”

LI S

TI N

BLDG LOT – 3.01 ACS Dogwood Valley, Greene Co. MLS# 503130 $14,000 MArGAreT rAMSey 434/953-7057

BeAuTIFuL A-FrAMe HOMe ON NeArLy 4 ACS 3 BR, 2 BA Plus Lg Great Rm, Eat-in Kit, Den/Fam Rm Private Master Suite Upstairs. Full Walk-out Bsmt Wide Wrap Around Porch. Easy Commute to Ch’ville MLS# 503481 $220,000.

MArGAreT rAMSey, 434/953-7057

CArODON - CONVeNIeNT LOCATION

Spacious 4 BR, 2.5 BA Home Formal Living & Dining Rooms Fam Rm w/Woodburning FP & Laundry in Full Walkout Bsmt Screened-in Back Porch, Lg Back Yard Two Car Garage w/Room for Storage MLS# 503470 $180,000

MArGAreT rAMSey, 434/953-7057

rOBerT rAMSey, 434/242-2280

COuNTry MeADOWS – ruCkerSVILLe

ONe-LeVeL COuNTry LIVING AT ITS BeST! Well Maintained & Fully Updated Main Level W/3 BR, 2 Full BA. Wall to Wall Brick FP Plus Bsmt is Equipped w/Kit, BR, LR, Office & Full BA. Madison Co. MLS# 500382 $169,000

JuLIe HOLBrOOk, 434/989-4415

109 PIeDMONT AVeNue

Private Lot, 2 Car Garage Well Maintained 3 BR, 2.5 BA Home on 1.05 AC Fam Rm w/FP, Home Office, Eat-in Kit Well Landscaped Back Yard – Nearly Level & Great for Entertaining MLS# 503345 $234,900

Prime UVA Area Triplex Charming Brick Cape Cod 2 Apartments in Main House Plus Detached Garage Apartment Leased For 2012-2013 School Year MLS# 497364 $399,900 robertr@charlotteramsey.com

JuLIe HOLBrOOk, 434/989-4415

rOBerT rAMSey, 434/242-2280

SPACIOuS uPGrADeD MODeL IN PreDDy Creek!

ONe LeVeL LIVING - 3 Br, 2.5 BA

5 BR, 3.5 BA. Wonderful Finished Bsmt & Garage Large Deck. Fenced Yard w/Picnic Area & Playground Amish Blt Shed. Easy Access to Schools, Shopping, NGIC & Airport. NO HOA! MLS# 503134 $325,000

Spectacular Views of Greene Hills Golf Course & Blue Ridge Mtns. Stunning Hdwd Flrs Throughout Spacious Updated Kitchen. Situated on Nearly 2 Acres Oversized Detached Garage W/Finished 2nd Level Private Swimming Pool w/Pool Hse & Separate Bath MLS# 498075 $299,000

MArGAreT rAMSey, 434/953-7057

JuLIe HOLBrOOk, 434/989-4415

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# 496306 $450,000

MArGAreT rAMSey, 434/953-7057

MADISON CO WeLL TeNDeD HOMe ON 10+ ACS 3 BR, 2 FULL Baths, Eat-in Kit W/Appliances LR w/Blt-in Bkcases. 1500 Sq. Ft. Garage/Wkshop w/Elec Mature Landscaping. Wonderful, Sunny Garden Spot Small Stream at Back of Prop MLS# 499796 $250,000

MArGAreT rAMSey, 434/953-7057

BLDG LOT – 4.00+/- ACS Cub Creek Rd, Nelson Co. No HOA & Close to Wintergreen MLS# 499170 $95,000 MArGAreT rAMSey 434/953-7057 LAND- 32.70 ACS, MADISON CO. Beautiful, Open & Gently Rolling Parcel 4 Division Rights. MLS# 497405 $300,000 MArGAreT rAMSey 434/953-7057 BLDG LOT – 1.67 ACS, GreeNe CO Level Corner Lot MLS# 491841 $45,000 MArGAreT rAMSey 434/953-7057 BLDG LOT – 3.19 ACS – GreeNe CO Private Lot w/Easy Access to Rt. 29 MLS# 503409 $50,000 JuLIe HOLBrOOk 434/989-4415

CAAR Real Estate Weekly | www.cAAR.com

514 PArk PLAZA

Walk to the Mall - Currently 3 Apartments Live in One & Rent Out the Other Two Or Easy Conversion Back to Single Family 2900 Plus Finished Sq Ft Built in 1937 & Retains its Original Charm MLS# 503281 $625,000

404 8th Street, N.E. Charlottesville, VA

o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2 | I s s u e 21 - 4 1

Open Houses

open house

quick search

octo b e r 1 3 & octo b e r 1 4

saturday

october

13 2 0 12

Albemarle 127 ROLKIN RD PAVILIONS AT PANTOPS ATH MLS# 501875 $253,945 2293 WHITTINGTON DR PAVILIONS AT PANTOPS ATH MLS# 502237 $294,900 1080 OLD TRAIL DR OLD TRAIL ATH MLS# 494797 $308,277 2084 AVINITY LOOP AVINITY ATH MLS# 492260 $309,900

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

10 UPLAND DR OLD TRAIL MLS# 501091

PAT $353,800

646 BAYWICK CIR OLD TRAIL ATH MLS# 491033 $649,900 2461 PENDOWER LN GLENMORE DET MLS# 503423 $799,900 1119 CAMBRIDGE HILL LN GLENMORE PDT MLS# 498157 $826,825 6782 WELBOURNE LN OLD TRAIL DET MLS# 502962 $898,525

Charlottesville 102 LONGWOOD DR LONGWOOD ATH MLS# 484693 $239,900

fluvanna 203 AUGIE ALLEY SYCAMORE SQUARE PAT MLS# 487523 $159,990

greene 59 LARCHMONT CIR GREENECROFT PDT MLS# 478964 $237,990

137 TURKEY TROT LN SPRING CREEK PDT MLS# 493439 $304,990

1616 SAGEWOOD DR MILL CREEK DET MLS# 502551 $299,900

107 AMHERST COMMONS AMHERST COMMONS DET MLS# 500579 $389,000

137 TURKEY TROT LN SPRING CREEK PDT MLS# 493546 $334,990

1080 OLD TRAIL DR OLD TRAIL ATH MLS# 494797 $308,277

fluvanna

MADISON

2084 AVINITY LOOP AVINITY ATH MLS# 492260 $309,900

4040 WEAKLEY HOLLOW RD NONE DET MLS# 503226 $225,000

10 UPLAND DR OLD TRAIL MLS# 501091

sunday october

14 2 0 12

Albemarle 326 BENNINGTON RD BENNINGTON WOODS DET MLS# 503495 $194,500 127 ROLKIN RD PAVILIONS AT PANTOPS ATH MLS# 501875 $253,945 3244 TIMBERWOOD PKWY FOREST LAKES DET MLS# 503262 $275,000

2131 TIMBER MDWS FOREST LAKES DET MLS# 503540 $369,000 2819 SHANNON GLEN CT WILLOW GLEN DET MLS# 502381 $449,900 3 PENDOWER LN GLENMORE MLS# 495984

PDT $519,900

6948 WELBOURNE LN OLD TRAIL DET MLS# 503220 $549,900 646 BAYWICK CIR OLD TRAIL ATH MLS# 491033 $649,900 2461 PENDOWER LN GLENMORE DET MLS# 503423 $799,900 1119 CAMBRIDGE HILL LN GLENMORE PDT MLS# 498157 $826,825 6782 WELBOURNE LN OLD TRAIL DET MLS# 502962 $898,525

2293 WHITTINGTON DR PAVILIONS AT PANTOPS ATH MLS# 502237 $294,900

Charlottesville

72 AVINITY LOOP AVINITY MLS# 487262

ATH $299,900

102 LONGWOOD DR LONGWOOD ATH MLS# 484693 $239,900 915 BOLLING AVE BELMONT DET MLS# 503668 $274,000 308 HARRIS RD NONE MLS# 502029

2819 SHANNON GLEN CT WILLOW GLEN DET MLS# 502381 $449,900

louisa

1621 OLD TRAIL DR OLD TRAIL ATH MLS# 498137 $299,900

3 PENDOWER LN GLENMORE MLS# 495984

56 BEAR ISLAND PKWY SPRING CREEK DET MLS# 492369 $497,300

209 SURREY RD CANTERBURY HILLS DET MLS# 496683 $299,900

PDT $519,900

PAT $353,800

DET $295,000

203 AUGIE ALLEY SYCAMORE SQUARE PAT MLS# 487523 $159,990 10 CLARK CT LAKE MONTICELLO MLS# 501714

DET $165,000

3 HIGHLAND RD LAKE MONTICELLO MLS# 503536

DET $179,000

GREENE 59 LARCHMONT CIR GREENECROFT PDT MLS# 478964 $237,990 142 ROLLING HILLS RD ROLLING HILLS ESTATES DET MLS# 499906 $308,750

louisa 137 TURKEY TROT LN SPRING CREEK PDT MLS# 493439 $304,990 137 TURKEY TROT LN SPRING CREEK PDT MLS# 493546 $334,990 103 DOGWOOD WAY FOREST VIEW DET MLS# 499049 $465,000 56 BEAR ISLAND PKWY SPRING CREEK DET MLS# 492369 $497,300

ORANGE 5119 HARVEST LN VINEYARDS DET MLS# 501730 $399,000

All information deemed accurate as of 9:30 a.m. Tuesday, October 9TH 2012 as per CAAR MLS Open House data.

ATH=Attached • CND=Condominium • DET=Detached FRM=Farm PDT=Proposed Detached PAT=Proposed Attached PCD=Proposed Condominium

Homes in every

For Price Sale Range!

Aggressively priced for quick sale! Come home to this oasis in the city - tucked away in the trees but still convenient to everywhere! Tranquil lot surrounded by mature trees offers privacy, but just mins to 29, 64 access, shopping (easy walk to new upscale shopping ctr). Lg rooms w hdwd flrs through main & upper level. Formal foyer, D/R w crown & chair molding, huge L/R, enormous kitchen, den w f/p & built-ins. Lg mstr w dual closets & attch bath. Fin bsmnt w utility room. Deck, patio & porch! MLS# 503116

$294,000

BaRBaRa FROST 434-960-4921

1831 COURTHOUSE ROaD OaK CREEK

Hollymead Square

Comfortable ranch, split BR design, perched on a high knoll overlooking a neighbors pond & Courthouse Rd. 3 BR, 2 full BA, vaulted ceiling in greatroom, kitchen w/ breakfast bar & adj. dining area. Shaded, covered front porch. Wooded 2.3 ac. lot w/ a spring & small stream. Very close to the Village of Palmyra & schools. 15 min. to I-64 & shopping at Zion X Road. MLS#497912

1, 2, & 3 bedroom homes perfect for first-time homebuyers or investors. Great location between Forest Lakes North and South. Prices start at $129,000.

$169,900

HaROlD PaynE 434-981-0071

1715 SOLOMON ROaD BaRTERBROOK

HERITAGE

LAnd CompAny realtors®

www.CharlottesvilleMoves.com (434) 296-0007

Affinity Group 1770 Timberwood Blvd. Suite 101 • Charlottesville, VA 22911

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Roy Wheeler Realty Co. Celebrating Over 85 years of Trust, Tradition, and Market Leadership Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903 • (434) 951-5155 • Fax (434) 951-5190

www.RoyWheeler.com

t r

OPEN HOUSES Sunday, october 14th

6948 welbourne lAne Time: 1-4 pm

Hosting Agent: Dan Conquest

CUSTOM BUILT brick home ready for you to move in! Beautifully upgraded, Gaffney built home w/high quality finishes throughout. Elegant living room includes 2-sided fireplace to family room. Hardwood floors throughout. Spacious master suite w/incredible closet space, tray ceiling, & beautiful bath. $549,900. www.DeniseRamey.com Denise Ramey 434-960-4333. (503220)

Directions: Enter Old Trail from Rt. 250, straight past Village Center; pass Community Pool, R onto Welbourne, home on R overlooking “The Common”.

1125 pen pArk lAne Time: 1-3 pm

Hosting Agent: Mandy Yancey

CLEAN, MODERN AND UPDATED stylish home is located just outside the Charlottesville city limits. Bamboo floors, stainless steel appliances, tile floors, screened-in porch, fireplace, flat level yard and more! Contact Susan today! $249,900. susanstewart76@gmail.com Susan Stewart 434-242-3550. (502109) Directions: From 250, exit at Park St./Rio Rd, head north on Rio, right on Pen Park Lane, pass Woodmont, 2nd home on the right.

1406 holly roAd Time: 1-3 pm

Hosting Agent: Rob Schilling

ONE LEVEL LIVING 4BR/3BA, granite kitchen, upgraded baths, large and flat yard, huge master suite, family room, gleaming hardwood floors, home office, dual zone A/C, sunny and bright, quiet location, immaculate condition, quick possession. Owner/Agent. $329,000. Rob Schilling, 434-293-1186. (501435) Directions: 250 to Park Street, go North to Melbourne, left to Kenwood, left to Galloway, right to Holly, left on Holly Road.

1621 old trAil drive Time: 1-4 pm Hosting Agent: Tom Noelke

BEAUTIFUL 4BR/3.5BA town home with 2 car garage located in Old Trail Village. Quality Gaffney built home with beautiful kitchen, great master suite, hardwood floors, granite counters, and more. Elegant interior, ready for you to move in now. Steps away from the Old Trail Pool, Golf Course, ACAC and more! $299,900. www.DeniseRamey.com Denise Ramey 434-960-4333. (498137)

Directions: From Charlottesville take 250 west to Old Trail Drive (across from Western Albemarle High School). Go through 2 roundabouts and property will be on your right. Park in drive behind town home.

103 dogwood wAy Time: 1-4 pm

Hosting Agent: The Field Team

A PEACEFUL LIFESTYLE on 5.43 mostly cleared acres 5 minutes from Zion Crossroads and 15 minutes to Cville in a developed neighborhood. Comfortable living with great open floor plan with over flow to the rear deck for outdoor enjoyment. Light filled finished terrace level with a full bath and workshop. $465,000.

2030 spottswood roAd Time: 1-3 pm Hosting Agent: Jane Fogleman GREAT PRICE REDUCTION on a Milton Grigg home. A true gem on a lovely residential street in the heart of Cville. Bring your creative genes and make this classic home your very own. The private lot is beautifully landscaped and the home offers many doors to access the terraces and gardens for outdoor enjoyment. $1,200,000. Jane Porter Fogleman Jane@foglemangroup.com 981-1274. (496718) Directions: From Emmet Street take Barracks Road toward downtown, Left on Blue Ridge, Left on Spottswood.

107 Amherst Commons Time: 1-3 pm

Hosting Agent: Byrd Abbott

www.DeniseRamey.com Denise Ramey 434-960-4333. (499049)

AMHERST COMMONS. Quiet cul-de-sac. Walking distance to uVa as well as bus line to uVa and downtown. 4BR/3.5BA. Open flr. plan. Hrdwd. flrs. on main level, bamboo flrs. on upper lvl. Kit w/granite countertops and gourmet S-S sinks; 2nd flr. Baths w/cer. tile flrs. and granite vanity tops. Awesome In-Law apartment w/second Kit and laundry. 2-10 1yr Home Buyer Warranty. $389,000.

Directions: From Pantops, 250E to L on VSH 627 (Zion Rd) to R into Forest View to L on Pinecrest to R on Dogwood.

1712 yorktown drive Time: 1-4 pm

Hosting Agent: John Updike

LOOKING FOR 1 LEVEL LIVING in a thoroughly renovated, move-in ready home, in a park-like setting, on nearly 1 full acre in the city? Quality finishes throughout, beautiful sun porch & the deck overlooks mature trees, landscaping and ponds. Superb location near city schools, downtown, UVA and Barracks Road Shopping. $519,000. John Updike 951-5174/242-7711. (503323)

Directions: Dairy Rd. exit off 250 East Bypass. LEFT @ ramp stop sign (cross back over bypass). Take Meadowbrook Heights Road NORTH to end (stop sign). Take a RIGHT on Yorktown Drive to home on left.

4699 CAmpbell roAd Time: 1-3 pm

Hosting Agent: Susan Stewart

WATERFRONT minutes to Zion Crossroads. Two master suites, hardwood floors, gas fireplace, deck, 2 car garage, 3 beautiful acres with water views through most windows. No HOA and well, septic and warranty! $264,900. susanstewart76@gmail.com Susan Stewart 434-242-3550. (499704) Directions: Zion Road, to Campbell Road, approx. 1/2 mile to left onto gravel road, look for sign in curve.

142 rolling hills roAd Time: 1-3 pm

Hosting Agent: Kathy Markwood

RELAX BY THE POND or on the covered deck. This Greene County home has a master bedroom on the 1st and 2nd levels. Total of 3 bedrooms and 3 baths with formal rooms, large eat-in kitchen, huge workshop/play area, 2 car garage and is conveniently located just off the main highway. $308,750. www.KathyMarkwood.com 985-6454. (499906)

Byrd@ByrdAbbott.com 242-9600. (500579)

Directions: Rose Hill to Amherst, Follow to Amherst Commons - 4th house on left.

Directions: From Ruckersville Route 29, turn onto Cedar Grove Road (607), approx 1 mile turn right onto Rolling Hills Road. Home on right.

540 Jonquil roAd

town Center in old trAil

Time: 1-3 pm

Hosting Agent: Zachary McCoy

LAKEFRONT PROPERTY with water and

mountain views. Custom built with vaulted ceilings, theater room, workshop, upper and lower level screened porches with Jacuzzi. Private wooded lot with so much more! $249,900. Zachary McCoy, 806-0990 (500548)

Directions: From 29, take 33W, left on Amicus Rd (Rt. 633), take left onto Jonquil Rd. House will be on the right.

Mon. - Sat. 11-5, 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).

CAAR Real Estate Weekly | www.cAAR.com

Email: homes@roywheeler.com

Open Houses

A Virginia Tradition Since 1927

o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2 | I s s u e 21 - 4 1

CAAR REAL ESTATE WEEKLY

news & Views

NEWS 6)%73

What’s Happening Around Town?

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

CAAR Honored with AHIP’s 2012 Housing Hero Award The Charlottesville Area Association of REALTORS® (CAAR), the voice of real estate in the Central Virginia region, today announced that it has been recognized by Albemarle Housing Improvement Program with the 2012 Housing Hero Award for efforts on the Seniors Safe at Home community outreach project. The award was presented Thursday, Sept. 27 during the 6th Annual House Party to benefit AHIP. “We are so grateful for CAAR’s enthusiastic embrace of AHIP’s mission and our clients,” Jennifer Jacobs, AHIP executive director, said. “They are helping us do tremendous good in our community.” Seniors Safe at Home launched in April as a result of a partnership between CAAR, AHIP and Blue Ridge Home Builders Association to raise funds, build awareness and make emergency repairs on seniors’ homes, allowing them dignity and reassurance that they can continue to age in place, in their own homes. With a combined fundraising goal of $25,000, CAAR members exceeded their individual goal by collecting $10,859. These funds began making their way to beneficiaries over the summer—one of the first being a senior in Crozet who needed a safe way to access his home while he continues to recover from a stroke. CAAR member volunteers and funds successfully constructed a 54-foot wheelchair ramp. “CAAR is very proud to be involved in this campaign to help the low-in-

(L-R) AHIP Executive Director Jennifer Jacobs presents 2012 Housing Hero Award to CAAR. CAAR Communications Group Vice Chair Drake Van de Castle and 2012 President Brad Conner accept award.

come seniors in our neighborhoods, which would not be possible without the valuable resources provided by AHIP,” Brad Conner, 2012 CAAR president and associate broker at Montague Miller & Company, said. Senior citizens make up about half of AHIP’s waiting list of 360 families. The annual Housing Hero Award honors individuals or entities that have taken a leadership role in supporting AHIP’s mission. Past award recipients include: Olivet Presbyterian Church for its philanthropic and volunteer efforts; Madison House for its three decades of service; and the Charlottesville Area Community Foundation for its long-running support of AHIP’s home repair and affordable housing efforts. “AHIP works every day to keep our neighbors safe in their homes, but we do not do this work alone. This year’s Housing Heroes – CAAR, Blue Ridge Home Builders Association and the local chapter of the Associated General Contractors – have been instrumental in helping us build more support, make a bigger impact and help more elderly neighbors in need,” Jacobs added.

CNE’s Board Development Academy Now Accepting Applications The Center for Nonprofit Excellence (CNE) announced that nominations are now being accepted for the fourth year of the Board Development Academy.

“We are excited to review the applications for our fourth Academy class,” said Cristine Nardi, CNE’s executive director “And we look forward to selecting a new group of talented individuals to join our 67 existing alumni who are committed to effective nonprofit governance.” The Board Development Academy has a custom-developed, four-month curriculum consisting of interactive classes, readings, experiential learning, and network building designed to promote good governance in area nonprofits. Classes are taught by subject matter experts who are recognized professionals in their fields and teach transferable skills to better prepare current and future nonprofit community leaders. Six total class meetings with two full days and four, two-hour workshops, spanning two months, means the program is accessible for busy working professionals. The Academy welcomes applications from: • Individuals who desire to become high performing nonprofit board members, particularly those who are not current engaged in board service and represent our diverse community. • Individuals nominated by companies who desire to develop workplace and community leaders. • Existing board members who want to improve their performance and that of the boards on which they sit. Applications will be accepted through November 30, 2012. To learn more, attend one of three information sessions being held at CNE: Oct. 19 (12-1 pm), Nov. 5 (4-5 pm), Nov. 15 (8-9 am). Approximately 20 participants will be competitively selected by members of the Academy’s selection committee. More information on the Academy and the application is available at: http://www.thecne.org/academy

2nd Annual Discover Virginia Chili Cook Off Proceeds benefit Greene County Fire Departments Come out for the 2nd annual “Discover Virginia” Chili Cook Off on Saturday, November 10 from 11:00 a.m. to 4:00 p.m. at the Greene County Community Park located just five miles from the intersection of routes 29 and 33 at 379 Mays Road in Ruckersville. There is no cost to get in. A chili tasting ticket is $5 ($8 at the gate); wine & chili tasting ticket is $10 ($13 at the gate). Tickets can be purchased at www.discovervirginia.net, Greene County Economic Development and Tourism Office, and on-site.

A THOUSAND HILLS: An Exhibition of Rwandan Art at the McGuffey Art Center McGuffey Art Center and Art with a Mission/Charlottesville will host an exhibition of art from prominent Rwandan artists, now through November 4th. The exhibition showcases 38 works from the Ivuka Art Studio, an artist cooperative based in Kigali, Rwanda. Throughout the month, Rwandan visual mixed-media artists Emmanuel Nkuranga and Innocent Nkurunziza will showcase their culture, art, and community engagement projects through outreach to schools and community programs in Charlottesville.

Founded by Nkuranga to address the poverty and lack of opportunities for orphaned and former street youth in his own community, Art with a Mission uses art as a medium to heal, empower, and promote life skills and self-awareness. Art with a Mission/Charlottesville aims to support Art with a Mission in Rwanda by facilitating awareness and partnership in the Charlottesville community. This partnership envisions an exchange of the arts as a way to strengthen and connect our diverse international communities. The exhibition is free and open to the public and is being held at The McGuffey Art Center: 201 Second St NW, Charlottesville, VA 22902. For questions, please contact Renee Balfour (reneebalfour@ymail.com) or Jim Respess (jrespess@mbc.edu).

Battle of Waynesborough The Battle of Waynesborough will be the subject of a presentation by Brigadier General William W. Alexander, Jr. at 7:00 p.m. on Thursday, October 18. The presentation will take place at the Gateway Theatre, 329 W. Main Street in downtown Waynesboro.

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HOMES FOR THE

First-Time

Aviemore Magnificent estate w/approx. 50 acres offering privacy & mountain views! The perfect retreat w/7600 fin. sqft, in-ground heated pool, lighted tennis/basketball court AND Guest Cottage (2 BR, 2 BA). Estate home boasts 4 or 5 BR, 4.5 BA, grand entry foyer, spacious MSTR Suite, child’s fantasy suite w/secret playroom, library, gourmet kitchen, downstairs rec room, billiard room & home theatre. Equestrian Barn - 8 stalls,Guest House, Manager’s house. MLS# 499346 $1,895,000

Home Buyer H OMES

$ 25 0 , 0 0 0

UN D ER

Under $200K in beautiful

&LUVANNA #OUNTY

,AKE -ONTICELLO

Very sweet, rustic home with cedar siding and beautiful wood floors. One floor living! 4 BR, 3 BA, gorgeous stone FP in the DR plus woodstove in the LR. Large master w/gorgeous floors & bath. Freshly painted with floors refinished & brand new carpet. Large back deck, small pond, & garden spot for your green thumb. This charming 1822 sq.ft. home on over 3 ACRES has it all, a must see. MLS#500439, $169,900

Darling 3BR, 2BA, home on quiet cul-desac w/one level living & att. garage. Recent upgrades incl. new floors in baths & granite counters in kitchen, new heat pump in ‘10. The home boasts hardwood, slate, & carpet for flooring, & brand new high quality vinyl in BA’s. Spacious screened-in porch PLUS patio to take in the outdoors. Unique location near water - only steps away from Beach 4! MLS#501331, $184,900

5 BR, 4.5 BA custom home in a great location. The Gourmet Kit w/ Granite tops & ss appliances opens to a Breakfast Area and a Great Rm w/ FP. Wonderful bright open design, perfect for entertaining! The main level Master BR boasts a huge MBA w/ whirlpool tub, separate shower & dbl vanities. The Terrace level includes a Media Rm, wet bar, rec room & more. A private, level yard w/ wonderful mtn views! MLS# 493102 $599,900

Charlottesville TOTAL RENOVATION! Perfect city location, 1/2 block from Meade Park! Incredible addition with family room, master suite and equipment garage below. New exterior, interior, roof, windows, porch, deck and off street parking! Beautiful hardwood floors throughout w/ tile in baths & kitchen. Renovations are 99% complete! MLS# 500892 $375,000

Spring Creek

Anne Hughes

Over 2,300 finished sq. feet in this well maintained 3 BR, 2 1/2 BA home w/Gourmet Kitchen, Hardwood Floors, 1st floor Master Suite, Master BA w/Ceramic Tile flooring, Garden Tub and Raised Vanities, Formal LR & DR, Great Room w/gas Fireplace, full unfinished Basement and rear entry 2-car Garage MLS# 495239 $329,900

ReAltoR, ABR, GRI

ahughesrealtor@gmail.com • (434) 989-2041

note to self... down

load

Mountain Valley Farm Location, Location, Location! Country Estate Living 10 minutes from UVA! Home sites available varying in sizes from 3 to 29 acres. HOA to be determined. MLS# 503435 $225,000

print Rea l Esta te

CAA R

Wee ho ken

d t S h ever E y Fri Et d ay @4 pm

www.caar.com

Ginger Slavic

434-981-0118 - Cell

www.GingerKnowsRealEstate.com gaslavic@realestateiii.com

Licensed to Sell Real Estate in the Commonwealth of Virginia

CAAR Real Estate Weekly | www.cAAR.com

3COTTSVILLE

Frays Mill

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rienced year-over-year declines in the median sale price for the 3rd Quarter, however, Louisa’s median price of $175,000 is a 13.6% gain over Q2-2012 median of $154,000.

Third Quarter 2012 Home Sales

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

Fluvanna (+37.1%) picked up 23 more sales to record 85, and Charlottesville (+12.4%), Greene (+4.2%), and Nelson (+73.1% or 19 sales) also showed annual gains for the quarter. Only Louisa County (-11.4%) experienced a decline in sales volume from Q32011 levels.

Sales Price Activity & Decreasing Inventory of Homes for Sale The average sales price of $313,445 in the Third Quarter was up a slight 1.4% over Q2-2012 and an impressive 6.8% from the same period one year ago. The sales price increases in this quarter are attributed to an increase of 3.2% in Q3 in detached home prices

sales price of $266,678, up 15.7% from Q2-2012 and 9.3% from Q3-2011. City of Charlottesville (-2.7%), Fluvanna (-15.3%) and Louisa (-5.4%) all expe$280,000

1,000

RBI Quarterly Homes Sales Index TM - 3rd Quarter 2012 Charlottesville Area Association of REALTORS®

$270,000

900

$269,318 800

$262,838 $260,000

700

$258,000

$257,000

$256,000

600

$250,000

$249,000

$249,000 500

$245,000

$241,000

$240,000

$239,900 400

$236,450

$230,000

300

$230,000

200 $220,000

385

856

593

502

424

675

550

510

463

733

675

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

583

Q2 2011

744

Q1 2011

$210,000

Q4 2010

100

Q3 2010

There were 675 homes sold in the Charlottesville area in the third quarter, which was up 22.7% (+125 sales) from the third quarter last year and the highest Q3 sales since 2009. Total units sold in this quarter are strong as compared over the same time in 2010 and 2011, with 593 and 550 units sold in the same period. Albemarle County (+28%) had the largest year-over-year increase (+72) sales at 329 during the quarter, while

Of active listings, 132 are foreclosures or short sales, the same number as were active at the end of Q2-2012, but 35.6% less than the 205 active distressed listings at this time last year. “Distressed properties accounting for just 6.3% of the active market,

Q2 2010

Market Overview

Analysis of Charlottesville Short Sale and Foreclosures

Q1 2010

• Overall sales in Greater Charlottesville were up 22.7% over the same quarter last year. • The average sales price of $313,445 in the 3rd Quarter was up 6.8% from Q3-2011 and 1.4% from Q2-2012. • Homes took 23 fewer days to sell on average in Q3-2012 than Q2-2012, and inventory was down 18.9% over Q3-2011.

(+$10,806) over last quarter. This gain is tempered by a decrease in the attached sales price by 1.3% (-$2,791). “The continued strength in pace of sales and stable median sales prices are positive indicators,” reports CAAR 2012 President Brad Conner. “There is a balance in the sales, supported by our analysis of purchase financing with 25% cash, 44% conventional and 31% FHA, VA and other sources funding this quarter’s sales.” Nelson, Albemarle, and Greene counties all posted positive gains in average sales price, with Nelson also leading in median sales price gain of 25% (+$50,000) since last quarter, and nearly matching the impressive gain year over year from $201,500 (+24.1%) in Q3-2011. Albemarle is the area highest median sales price of $284,900 which is unchanged from the same period last year and down 5% from last quarter at $299,900. Greene rounded out the counties with yearover-year gains in both average and median sales price, with an average

Q4 2009

Charlottesville Area 3rd Quarter 2012 Highlights:

Q3 2009

news & views

Charlottesville Area Association of REALTORS®Publishes

Pending Sales (New)

Data Source: CAAR MLS. Statistics calculated October 4, 2012.

Units Sold (Closed)

Median Sales Price (Closed)

down from the 7.9% share at this time last year. We are pleased with the downward trend in new listings of distressed properties as indicated by Q3 ending numbers,” says CAAR 2012 President-Elect Denise Ramey. Only 78 of the 675 sales in the 3rd Quarter, or 11.6%, were foreclosures. This represents 19 more foreclosure sales versus Q3-2011, when foreclosures accounted for 10.7% of sales. The number of short sales increased slightly in the 3rd Quarter, with 31 short sales making up 4.6% of all sales.

About CAAR The Charlottesville Area Association of REALTORS® (CAAR) represents more than 1,000 real estate professionals in Charlottesville and Albemarle and the surrounding areas of Greene, Fluvanna, Nelson, Louisa counties. This 2012 3rd Quarter Market Report is produced by the Charlottesville Area Association of REALTORS® 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 REALTOR®.

n o

Be dr o

F r i k

s C to r n e e e y k

1181 Monocan Drive

351 Dobie

54 Hickory Springs

Only $320,000 for this 3 bedroom 2 bath home in the heart of Stoney Creek at Wintergreen. Freshly painted, newly refinished hardwood floors, this place sparkles! Two fireplaces, 2 car garage, new water heater and a lovely screened in porch with large decks too. Paved driveway, nicely landscaped yard, large and private lot. Call Steve Marianella 434-566-1293, smsales1@aol.com (503009)

Three bedroom furnished ski condo overlooking the slopes at Wintergreen! Ready to go for this winter, fully equipped kitchen, 3 full baths, fireplace, extra storage, recently renovated building exterior. Only $290,000 investment! Call Steve Marianella 434-5661293, smsales1@aol.com (503106)

Rare opportunity! 1 of only 3 homes in Resort’s “Exclusive Rental Properties” group. 7BR/4BA with all desired luxury features. $599K investment earns $40-50K/ yr. Furnished. Contact Steve Marianella 434-566-1293. (502729)

ne a

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sp a

51 Knob Hill Place This is the Luxury Mountain Lodge you’ve been waiting for! Year round views, superlative construction and craftsmanship, countless upgrades and fully furnished with custom furnishings throughout. Gourmet kitchen includes Wolf range, Bosch appliances, Cherry cabinets, Black Granite counters and more. Home has 5 bedrooms and 5 1/2 baths with 3 master suites and 3 family rooms. Extremely energy efficient construction, Deftech electronics, ADT security, back up generators and Hardi-plank all weather siding. Make an appt,this is a must see home! Listed for sale at $1,560,000 by Steve Marianella at 434-566-1293,smsales1@aol.com (503290)

1580 Vistas

One acre corner lot on quiet cul-de-sac in the foothills of Stoney Creek. Among homes of significant value. Enjoy a gently sloping lot with hardwoods - slope ideal for a walk-out basement! Three minutes to amenities (golf, tennis, swimming, hiking, dining, fishing). Community water available. Reduced $10,000! Now just $48,400. Listed by Brian Chase www. goWintergreen.com 434-296-9860 (488830)

F Go r L o F n t

ns n tr ew uC ti on

22 Briarwood Lane Numerous upgrades make this 1524sf, 2BR/ 2.5BA End Unit TH for $219,000 a steal! New: roof, central heat/AC, water heater, Kit. appliances, W&D, plumbing & light fixtures. Exceptional surround sound entertainment center. Windows on 3 sides. On shuttle route. Listed by Dawn at 540-454-3300, Dawn. Perusse@mris.com (503418)

106 Deer Springs Lane Like new GOLF FRONT home overlooking Devils Knob Hole #7. Three bedrooms with three full bathrooms, a 2 car detached garage, hardwood floors, fireplace and more. Large trex deck also has views of pond and lovely summer ferns. Listed by Steve Marianella for only $429,900. tel 434-566-1293, smsales1@ aol.com (501064)

C Loon C ven a i ti e o nt n

PR IC W NE

17 Blue Flint Build this great mountain layout on a great lot at Wintergreen. Seasonal views and premier craftmanship in construction from one of the areas respected local builders. Hardwood floors, granite counters, custom cabinets. Call or e mail to discuss how we can make this your mountain getaway at Wintergreen! Listed by Steve Marianella 434-566-1293, smsales1@aol. com (490374)

A Ac dt u iv l e t

Blue Ridge Mtn Acreage Extraordinary parcel w/ 280 degree mountain and valley views. Supremely private w/ multiple streams/ springs. Adjacent to thousands of Wintergreen’s permanent wilderness acres. Elevations 1600’-2200’. Minutes to golf, tennis, skiing, dining, shopping, area wineries & micro breweries. $975,000. Contact Brian Chase for details. www.goWintergreen.com 434-296-9860 (497651)

204 Shamokin Springs Trail Only $49,000 for this nice lot overlooking Shamokin Springs Nature Preserve at wintergreen. Quiet area yet convenient to amenities ie golf, hiking, skiing and more! Listed by Steve Marianella 434566-1293 Owner financing available. (MLS 494295) r e $ d 1 u 0 C 0 e k d

19 Lost Pond ~ Stoney Creek

2072 Stone Ridge Looking for a nice clean investment rental near the soon to be renovated Wintergarden Spa, Devils Grill restauaraunt, golf and tennis? ONLY $139,900 gets you this furnished 2 bedroom mid level condo only steps from the Spa & Aquatics Center. Gas fireplace,2 full baths,full kitchen with seperate dining room, washer and dryer included. Bonus -seller will prepay $2000 in condo dues or closing costs! Call Steve Marianella 434566-1293, smsales1@aol.com (503405)

B h u e il r d e !

Enjoy the View! This well maintained 2 bedroom condo has never been rented! Located in one of the most attractive & sought after condo complexes. All Appliances and furnishings convey. Master suite has jetted tub/shower. Tile in entry and baths. Wood burning fireplace, large deck for entertaining, wall of windows to enjoy the view. Many recent upgrades include new washer, dryer, water heater and dishwasher. Easy access with very few steps from the parking lot. $214,800. Come on up and enjoy the view! Call Tim Craig 540-416-8498. (503299)

1001 Devils Knob Loop

166 Mountain Inn

65 Rosewood Dr ~ Stoney Creek

Dramatic luxury home on Devils Knob Loop and golf course. Perfect for entertaining guests, large family gatherings or primary residence. Located on the 16th fairway of Devils Knob golf course at Wintergreen Resort. Views of the Piedmont as well as the Shenandoah Valley. Gourmet kitchen with granite counters high end stainless appliances, double oven and more. Oversized master bedroom with Jacuzzi tub, and large master bathroom. Most furnishings convey including grand piano, pool table and all beds. $890,000. Listed by Steve Marianella, 434566-1293, smsales1@aol.com, www.experiencewintergreen. com (490471)

603 White Oak Condo

Great location in the Mountain Inn priced to sell. Many recent upgrades including new cherry cabinets, granite counters, refrigerator w/ ice maker, kitchen faucet, hot water heater, flex flooring and bedding - Nov 2011. New flat screen TVs and lighting summer 2011. New mattresses in 2010. Turn key and beautifully done. Immaculate and ready to enjoy immediately or keep the income rolling in from rentals. $119,000.Call Rod Phillips at 434-987-6399 (494790)

New Price! RoseWood Village: The Madison Villa - 1 level living, 2 bedrooms, 2 baths, gourmet granite kitchen, sunroom, hardwoods, superb craftsmanship, and many features of Universal Design. Never worry again about exterior maintenance, yard work, gutter cleaning, etc. it’s all handled for you by the RoseWood Village Association. $392,700. Contact Brian Chase 434-296-9860. (455683)

Great location in White Oak. First building closest to Mountain Inn and all amenities. This unit is very clean and ready to movein. Owner lives here and the unit has never been rented. Very open floor plan and large deck. 2 bedrooms and 2 full baths with spacious living area. $135,000 Call Rod Phillips 434-987-6399.(497928)

The Mountain Inn P.O. Box 706 | Wintergreen, Virginia 22958 Toll Free: 866-905-9777 | Office: 434.325.8018 | Fax: 434.325.8017 wintergreenresort.com homes@wintergreenresort.com

CAAR Real Estate Weekly | www.cAAR.com

s t vi un ew n i s nG !

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McLean FauLconer Inc.

Farm, estate anD resiDential Brokers

Awesome views of the Blue Ridge Mountains from this upgraded 3,658 finished square feet. Well sited on 5.3 acres w/ lovely stream & pasture land in front. In the rear is a perfect garden spot. Property works for livestock. $690,000 C Dammann (434)981-1250 #488089

BLUE ACRE - Award-winning 5 BR contemporary, 144 or 190 acres. Breathtaking pastoral and Blue Ridge views. See website: www.blueacrefarmvirginia.com. Jim Faulconer (434)9810076.

JAMES RIVER FRONTAGE - Wonderful 475-acre farm with approximately one mile of frontage on the James River. Dungannon Farm includes tenant houses, sheds, a pond, gorgeous pastoral, mountain and river views, complete privacy and a scenic rural setting. $2,250,000. MLS #503312 Steve McLean (434) 295-1131.

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

Ivy Farms, Meriwether Lewis School, 5000+ sqft. Five bedrooms, four baths. Tall ceilings, extensive moldings, custom features, three covered porches. 4.9 acres. $799,000, MLS 500845, Contact elizabethfeilmatthews@ gmail.com, 434-284-2105

KESWICK ESTATES - Tremendous views of Paradise Lake and the golf course beyond from this 2.2 acre lot. Custom build on a spectacular lot with water frontage and adjacent open space. $595,000 Charlotte Dammann (434)981-1250 #463335

WINGATE FARM - Classic brick Georgian nestled on over 5 private acres, minutes west of Charlottesville. 4BR, 4 full & 2 half BAâ&#x20AC;&#x2122;s, updated gourmet kitchen, 1st & 2nd floor master suites. Heated pool, 2-car garage, deck. Blue Ridge Mtn. views! $985,000. MLS #494331 Steve McLean (434) 295-1131

Stunning Blue Ridge & Wintergreen Mtn. views from this spacious well crafted & maintained home filled w/ amenities. Conveniently located with easy access to amenities of Wintergreen, Charlottesville & UVA. $475,000 Charlotte Dammann (434)981-1250 #496288

Remarkable home with more than enough space for the whole family! Quality built with private back yard and community access to the reservoir. Walk out basement has kitchenette & full bathroom. Gail Hubbard (434)242-7073. #502934

Milton Hills. Custom built 3Br / 3 Â˝ BA brick home w/ bright, spacious rooms in a 4.38 acre park like setting w/ mountain & winter pond views. Excellent floor plan with nice moldings, two fireplaces, hardwood floors, expansive decking, large family room, workshop area, abundant storage, 2- car garage, greenhouse, & shed. Well priced below tax assessment at $349,000. Judy S. Campbell 434-4666688 MLS#503490

Madison County - The 74+/- acres is both open & wooded. Create a weekend retreat or full time country home convenient to Charlottesville and DC. Charlotte Dammann (434)981-1250. #489895

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.

IVY AREA - Pristine 3.7 ac. w/superbly-built cedar and stucco contemporary, over 3400 fin. sq./ft. open floor plan, vaulted ceilings, massive stone fireplace, warm modern kitchen, main level master, huge elevated deck and spacious screened porch, much more. MLS #500006. $649,000. Jim Faulconer (434)981-0076

Spacious, one-level home in Waverly on 2.8 acres w/nice privacy & nearly level yard. Four bedrooms, 3 full baths, formal living & dining rooms, family room w/vaulted ceiling opening to large, newly stained deck. Study/office with floor to ceiling bookshelves. Full, unfinished walk-out basement. $495,000. Betsy Swett, 249-2922. #498452

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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McLean FauLconer Inc.

Farm, estate anD resiDential Brokers

EARYLYSVILLE AREA - Traditional residence, c. 2004, stone & hardiplank exterior, 3.99 private acres. Dramatic architect-designed home encompassing over 7,100 square feet, gourmet kitchen, 3 family rooms, a REAL VALUE AT $790,000. Jim Faulconer (434)981-0076. #501343

WINDY COVE FARM - Magnificent, historic estate w/restored 1859 manor house on 182+/- protected acres overlooking appx. 1 mile of river frontage & sweeping mtn. views. Guest & carriage houses, 6-stall stable & barn complex, all just minutes from the Homestead Resort. Additional 919 acres available. Steve McLean (434)981-1863 MLS #486991

4.2 acre Grassmere Farm lot in Ivy with Blue Ridge & pond views. Beautiful landscaping done by owner. Small garden house, drilled well, perked lot & electricity established. Murray Elementary. $355,000. Betsy Swett, 249-2922. MLS 494034.

SUPER DUNLORA HOME - 5 BR residence on private homesite, borders forest. Exc. Condition. Great location near club amenities and Pen Park: golf, tennis, garden areas, hiking trails, ball fields. Great price: $549,000. Jim Faulconer (434)981-0076.

Two homes–primary plus cottage–with backyard paradise and private pond in IVY FARMS. Many outstanding features added in 1999 renovation. For someone looking for land value, quality and something out of the ordinary. $1,150,000. Call Nancy Roche, 981-7873. MLS # 498178

FOX RIDGE FARM - Spectacular 200+ acre country estate offers extensive equestrian facilities, complete privacy, extensive frontage on Moorman’s River & sweeping Blue Ridge Mtn. views. Elegant brick manor home, pool, pool house, multiple residences/cottages. Numerous outbuildings, 6 ponds, trails. $12,950,000. MLS #503593 Steve McLean (434) 295-1131.

Historic Scottsville, Albemarle. Slate roof, bricks from the 1800’s. Impressive public & private rooms, tall ceilings, handsome moldings, hardwood floors. .47private acres. 5 bedrooms, 4 baths, separate apartment, detached garage. Bed & Breakfast Potential. MLS 500224. Punkie Feil 434-962-5222 or Elizabeth Feil Matthews 434-2842104 $499,000

Remarkable value with professional upgrades. Bonus terrace level master suite with jetted tub/shower and second family room. Beautiful kitchen upgrades, granite, stainless steel appliances. New HVAC, tankless water heater, whole home generator. Extensive outdoor living spaces, access to hiking trails. MLS# 502746 elizabethfeilmatthews@gmail.com 434.284.2105

SPRING HILL - Spacious contemporary on 6+ acres in Ivy. Bright open floor plan, over 4,000 fin. sq.ft., 1st floor master, beautifully updated kitchen, 2 fireplaces, pool, hot tub, ample storage. Mostly wooded, completely private & lovely mountain views in the winter. $794,500. MLS #493483 Steve McLean (434) 981-1863.

DOWNTOWN B E L M O N T HOUSE -3 BR house near the downtown mall. Completely remodeled by current owners. $226,500 Tim Michel (434)9601124. #499304

STUNNING BLUE RIDGE MTN VIEWS can be enjoyed from this impressive 4,500+ sq.ft. brick Georgian located in “The Rocks”, minutes west of Charlottesville. This immaculate home sits on just over 2.5 acres & features a 1st floor master suite, paneled library, chef’s kitchen, Gunite pool & detached pool house. $1,495,000. MLS #499050 Steve McLean (434) 295-1131.

University Circle Investment Property! Renovated 3 BR main level, 2 one-bed apts lower level. Separately-metered with private access. Off-street parking, large back yard, across from JPJ Arena, Barracks Rd Shopping. R-1UH $585,000 Jim Faulconer (434)981-0076 #498099

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.cAAR.com

FREE UNION - Immaculate 4,400+ sq.ft. residence privately situated on 5+ acres features beautifully proportioned interior spaces for both entertaining & family living. Large rear deck, gorgeous landscaping, great location for UVA, Charlottesville, North Fork Research Park, NGIC & Airport. MLS #499264. $845,000. Steve McLean (434) 981-1863.

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CAAR Real Estate Weekly | celebrating 20 years 1992-2012

Feature

“Martha’s Market is such an incredible event,” declares carol Minetree. she is this year’s chair for the Women’s committee, which annually mounts this impressive boutique that now spans four days. “it all started 19 years ago with 16 women under a tent at the boar’s head inn,” she says, “and when it rained…” her voice trails off expressively, and then returns to its enthusiastic level. “it started out small, but they still raised $40,000. now we are raising more than $300,000 every year.” From the beginning, the Women’s committee was determined to raise substantial funds for Martha Jefferson hospital. “We are passionate about the services the hospital provides for our community,” she says. “these are important things for women facing cancer—in the diagnostic stage or going through treatment. We’ve been able to purchase special equipment.” her own mother succumbed to breast cancer soon before Minetree moved to charlottesville from baltimore. since she was new in town, she wanted to get involved in the community. “i heard about the Women’s committee and their mission,” she recalls, “and it just struck me—what a great way to do something for my mom.” there are nearly 150 active members and each one has a strong interest in being an ambassador for Martha Jefferson hospital, supporting the committee financially as well as with countless volunteer hours. Minetree has been active with the committee for about nine years. “i was fortunate to be asked to chair this year,” she says. “it’s really an honor.” she points out that all the women are volunteers and that it’s “an enormous undertaking.” First, she continues, they must attract and contract with about 70 vendors from all over the eastern u.s., then they must enlist sponsors, decorate, and publicize the Market. it really speaks to the committee’s dedication that many of the same sponsors step up year after year. “the amazing thing is that we have it down to a fine science,” she notes. “each year we tweak things, but we have this body of knowledge and experience that we pass on.” starting with its preview party and over its subsequent three-day run, Martha’s Market features specialty and boutique merchandise. vendors

Martha’s MArket

19th AnnuAl

Will Benefit

Women’s health

By Marilyn PriBus

are chosen with an eye to unusual and high quality offerings and varied price ranges. selections include clothing, jewelry, toys, gifts, gourmet foods, home furnishings and much, much more. last year, the Women’s committee donated about $350,000 to benefit programs at Martha Jefferson hospital. Martha’s Market provided by far the largest portion while an annual tennis tournament also raises some funds. in fact, over the past 19 years, Martha’s Market and the “in the Pink” tennis tournament, have raised more than $3 million to ben-

efit programs aimed at breast health, technology, women’s midlife health, heart disease, and outreach to underserved populations.

Outstanding Vendors Are The Key vendors report that Martha’s Market is one of the best organized and most helpful of shows on the east coast. the wide variety of top-notch vendors makes the Market a shopping destination from roanoke to richmond, staunton to Washington. shoppers come, first because they know they’ll find one-of-a-kind gifts

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1650 Hawkwood Cour t

Privacy and convenience on 2 wooded acres near the elementary school and 15 minutes from town. Inside, you will love the spacious kitchen with breakfast bar and island.Hardwood floors,crown mouldings, built in bookshelves and a solid wood front door are just a few of this homes’ features. The terrace level could easily become an in-law suite. Located on a dead end street in Ivy this 3200 square foot home just fits the bill.. MLS# 498415 $479,000

2200 Devonshire Road

Step back in time when you visit this charming Italian Villa complete with manicured courtyard gardens on a 2 acre lot.The kitchen features solid surface countertops and ceramic tile floor facing the courtyard. The master suite has a 2 sided fireplce and a sunken tub. The dining room has a tray ceiling and is open to the LR w/ another FP. Arched doorways and slate patio all add to the charm. MLS# 503566

1- S 3 U P. ND M A . Y

30 Northwood Road

Pristine 1 level home is better than new. Surrounded by a privacy fence , it has beautiful landscaping with mature trees & plantings .A large front porch & back deck affords lots of outdoor living space! The great room has a soaring cathedral ceiling. The dining area opens right to the deck.A split bedroom design allows for lots of privacy.Elegant Master suite w/ 2 sinks. Breakfast bar in kitchen.Laundry/mud room exits to a covered carport. MLS# 503371 $160,000

Just Call Judy!

Seniors Real Estate Specialist, Relocation Specialist, CRS, CBR, GRI

434-981-3904

800-868-0025 Ext. 419

Jdrayer@mindspring.com • www.judysellscharlottesville.com

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O PE N

rings and what Reeve simply dubs “fun stuff.” Silver Monkey Pewterware of Manakin Sabot, Virginia, is a purveyor of handcrafted, sand-cast items ranging from bowls, trays and utensils to casserole holders and barware. The handsome pieces are designed for style, function and affordability and made from 99 percent recycled aluminum. These eco-friendly products hold their temperature—either hot or cold—and can go from freezer to oven to table. Jerry and Sandy Howard (and their kids, now in their 20s) have been painting tiles in Tulsa, Oklahoma, for almost 25 years. They create hand-painted, kiln-fired memo boards for use with dry-erase markers as well as other tile gifts such as “quote” mugs, magnets, coasters and table place markers with bases, a dry erase marker and a storage bag. Designs are whimsical and colorful little works of art. Because items are hand-painted, each is unique. Marcie Lederer, owner of Bay Head Bags in Bay Head, New Jersey, has sewn bags for her family and friends for years, each one with a style all its own. Some are every-day casual and

Feature

to share with friends and loved ones and second, because they know their money goes toward a worthy cause. Here are some thumbnail descriptions of just a few of the vendors. Collared Greens in High Point, North Carolina, is a clothing company that creates jobs in the U.S at the same time it raises money for the environment. Combining elegance and eco-consciousness, its products include men’s ties, belts, hats and organic cotton shirts, all made in this country. A portion of profits is dedicated to supporting conservation and the environment as symbolized by Marvin Leopold, their polar bear brand symbol that represents endangered species. Leighton Reeve, who travels extensively in India, Thailand and China, is the founder of Reeve & Company’s The Island Pearl of Savannah, Georgia. Her passion for jewelry led her to establish connections with families to produce pearl and semi-precious stone designs—all handmade using materials from around the world. Some items employ antique Tibetan silver or Hill Tribe Thai silver. Products are in a wide range of prices and include bridal jewelry, bracelets, ear-

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• The Cancer Resource Center offers educational materials and programs dedicated to supporting individuals receiving treatment in the Cancer Care Center. This includes Marianne’s Room—now in existence for ten years—a very supportive place for women diagnosed with cancer. A coordinator provides services to support the physical and emotional needs of women as they face cancer treatment. Items of support include wigs, scarves, special “Chemo Caps” and soft post-operative prostheses. These are especially important to patients with limited financial resources. • Support for Early Detection through the Biannual Breast Health Screening Days, Breast Health Liaison, Digital Mammography, Computer-Assisted Detection (CAD), and MRI.

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

• Breast Health Fund Support funds provide financial assistance to women in need who require breast cancer treatment. others elegant enough for evening. These charming and practical totes come in a variety of handles and fabric motifs range from bees, frogs, and artichokes to Oriental scenery, nautical flags and plaids. She also makes handsome pillows. Former sports writer Ken Small founded Home Fields Inc. of Alpharetta, Georgia, more than a dozen years ago and now sells replicas of more than 100 sports stadiums for football and baseball, pro and college, some in a jumbo, lighted version. Both the Cavaliers Scott Stadium and the Hokies Lane Stadium are included in his inventory as are the Washington Redskins FedEx Stadium and their former RFK Stadium. About nine inches high and four inches wide, the three-dimensional replicas provide the optical illusion of a 360-degree stadium when viewed from above.

Martha’s Market Supports Worthy Efforts The Women’s Committee supports many facets of healthcare for women with particular emphasis on breast health. The funds they raise address women’s midlife health, heart disease, access to mammograms for under- and uninsured women, and support for women with breast cancer and their families. Almost 20 separate programs receive funds. Here are some samples indicating the scope of the work to which The Women’s Committee contributes:

• Exercise Classes such as “Movin’ On.” This low-impact aerobics group for cancer survivors encourages physical recovery at the same time it’s a support system for those on a similar journey. • Massages are offered on a complimentary basis for cancer patients. • Caring Embrace Community members—comprised of employees, friends, and volunteers—meet weekly in the hospital’s lobby to knit or crochet shawls with materials provided by The Women’s Committee. These are gifts for people in need of caring, compassion, and comfort and symbolize the caring tradition of the Martha Jefferson family. For more information on services, visit www. mjhfoundation.org.

The Women’s Committee and the Charlottesville Community Make It Happen Organizing and operating Martha’s Market is a yearlong undertaking involving hundreds of volunteers. Lining up vendors and sponsors are particularly important tasks and behind-the-scenes responsibilities range from accounting and tickets to the preview party. It takes three days to set up and decorate for the Market, there are three hectic but rewarding days while the Market is open, all followed by a major clean-up effort. A good portion of Martha’s Market success is also due to generous community sponsors.

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re d uc

6600 Blackwells Hollow

useful to take to the grocery store or library. Gourmet lunch, convenient parking and free coat and package check will also be available. For additional information as well as a complete list of all the sponsors, donors, businesses, and the many people who help make Martha’s Market so successful, visit www.mjhfoundation.org, www.facebook.com/ MarthasMarket, www.johnpauljonesarena.com, or call 434.654.8258. Carol Minetree, the Market chair, hopes everyone will help spread the word. “The more people we get we get in our doors,” she says, “the more money we’ll make and the more women we’ll be able to help in our community.”

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Again this year, the presenting sponsor is Wells Fargo. Event sponsors—some are “in kind” donors—include Lite Rock Z-95.1, Everyday Café, SMG and Snow’s Garden Center. The Major Sponsor roster includes ACAC Fitness & Wellness, CenturyLink, Charlottesville Radiology Ltd. & CRL Surgical Associates, McGuireWoods LLP, NBC29/CW29, PBM Pharmaceuticals, and StellarOne. In addition, there is a very long Special Sponsors and Partners list representing a wonderful outpouring from the community including businesses and individuals. So put Martha’s Market on your calendar and invite some friends for a great day or two of giving while shopping. The special Preview Party will be held Thursday, October 11 from 6:30 – 9:30 p.m. Martha’s Market will be open to the public on Friday, October 12 from 9:30 a.m. to 7:00 p.m., on Saturday, October 13 from 10:00 a.m. to 6:00 p.m., and on Sunday, October 14 from 10:00 a.m. to 4:00 p.m. at the John Paul Jones Arena in Charlottesville. The $10 ticket admits shoppers for all three days. This year—while supplies last— shoppers will receive a reusable tote bag with the Martha’s Market logo for their market finds and treasures. After the market, the bags will be

Blackwell’s Hollow Farm - Adjoining County’s 600 acre park, with miles of hiking, biking & equestrian trails. 28.00+/- acres - offers new fenced paddocks, new equestrian facility could have 12 finished stalls (built in 2010 by Lester Buildings- 52’ x72’, including overhangs) Adjacent 90’ x 180’ riding arena has been graded, including perimeter drainage, and partially surfaced with stone dust. There are 4 county approved building sites (family divisions - surveyed, not recorded), two that have been cleared and graded. MLS#496376 $255,000

Frank Hardy Inc., realtors Farm and estate Brokers

Marilyn Pribus lives in Albemarle County near Charlottesville. “Martha’s Market is definitely on my calendar every single year,” she says.

417 Park Street • Charlottesville, Virginia 22902 434-296-0134 • www.farmandestate.com

Chestnut Flats Parcel L

Leadership.

Your Life. Your Home. Your Closing.

You can follow our lead with confidence. Our staff will assist you through the technical and clerical aspects of the settlement process in order to provide you with an accurate and timely settlement. If you’re not satisfied, we will refund your settlement fee – guaranteed.

ooking for total privacy, nature and “roughing it without roughing it”? Then this unique 11.18-acre “camp” is perfect for you. Located in Wintergreen's back country parcels and bordered by a very bold Stoney Creek, this amazing cabin has it all. Size is 24 X 32 including front and side porch with 1 BR on the first floor plus a second floor BR with an extra sleeping balcony. Great room has a masonry fireplace. There is a large, secured storage area underneath. Spring-fed water, propane kitchen and heaters. Wood flooring. 10 x 16 guest cabin plus a bath house between the cabins. Great mountain views. Furnished. Tools and equipment convey, as well as a 1990 Blazer for getting there! Listen to and see Shingle Creek from the front porch. No electric or well but does have an old generator that conveys and an ingenious filter hook-up for gravity-fed water from the spring. Wonderful getaway family compound or hunting camp. Minutes to Nellysford for shopping or dining yet totally off the grid. Owner financing could be available with an acceptable offer. $189,000

Put your condence in us. 338 West Rio Road Charlottesville, VA 22901 Tel 434.979.7799 Fax 434.979.8819

www.courtsquaretitle.com

(800) 361-5155 • (434) 361-2440 www.MountainAreaRealty.com 2788 B Rockfish Valley Highway • Nellysford, VA 22958

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www . M ontague M iller. com

ALBeMARLe

Close to city, but in the county w/lower property taxes. Roof, HVAC, & windows replaced. One floor living w/low maint. yard. Open modern floor plan. Shed & attic space. MLS# 503495, $194,500. Stephanie Howard, 434.989.4847

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

GORDOnSViLLe

New to the Market

View All Area Homes for Sale and Upcoming Open Houses

GROTTOeS

Brick home w/upgrades. Crown molding, replacement windows, refin. hrdwd flooring, new int. doors/trim. LR w/stone hearth. Family rm. MBR & private bath. Full Bsmnt. Fenced rear yard, 30’X26’ MLS# 503554, $170,100. Kyle Olson, 540.649.4131

eDnAM FOReST

TO BE BUILT GORDOnSViLLe

Spacious one Story w/Kit, lots of cabinets & counter space, connects to dining area. Lg Fam & LRs. Gas FP w/stone hearth. MASuite w/private bath. Backyard privacy. Sold As is. MLS# 503594, $65,000. Kyle Olson, 540.649.4131

DR. TUCKeR HOUSe, C. 1820

Historic property renovated w/ attention to detail. Located near bank, Visitors Cntr, Town Hall. Owner financing possible. . Zoned B-1. MLS# 499697, $199,000. Yates nobles, 434.227.4444

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

An architectural treasure awaiting restoration in historic Buckingham Courthouse. Jeffersonian influences, wellproportioned rooms, 7 FPs, original mantels and flooring. MLS# 496270, $155,000. Carter Montague, 434.951.7156

ALBeMARLe

BARBOURSViLLe 5BR, 2.5 BA on a 4.56 acre lot, w/9FT ceilings on 1st flr, open floor plan, screened porch & wrap deck w/gas FP. Cherry cabinets, granite counters, FR w/ gas FP open to kitchen. MLS# 502670, $469,900. Carol Carder, 434.242.0459

Energy efficient home on 5 ac. built of insulated Concrete Forms, high performance energy efficient windows, recycled rubber tire roof shingles, rainwater collection system. MLS# 502653, $197,500. Jamie White, 434.906.3944

immaculate property in Still Meadow. 5 BRs, 4.5 BAs w/ample living & storage space. extensive landscaping w/views from screened porch. Spacious interior, renovated kit. MLS# 502811, $549,000. Rives Bailey, 434.227.4446

NEW FOREST FARM - ALBEMARLE

Small horse property w/7.76 well laid out acres, 4 stall barn w/hay storage, att run-in, dressage arena w/ all weather footing, board fenced paddocks. 4 BR 2.5 BA w/sunny eat-in kit. MLS# 496586, $499,000. Pam Dent, 434.960.0161

WeSTeRn ALBeMARLe

Beautiful large country home on 2+ acres w/mtn views! 5 BRs, 4 BAs, huge walkout bsmnt. Hrdwd floors, crown moulding, recessed lights & upgrades. 2 car garage. MLS# 496953, $459,900. Brian McCauley, 434.465.0696 www.montaguemiller.com/openhouse

eSMOnT

inVeSTOR OPPORTUniTY

Duplex on north Berkshire for sale. Both leased through June & Sept 2012. Convenient and close to everything! This is a perfect opportunity for an investor! MLS# 497541, $279,900. Jan-Bas Van Beek, 434.981.6122

SiGnAL HiLL

Stunning home by noted custom home builder in W. Albemarle. Granite counters, cherry cabinets, hrdwd floors, ceramic tile, luxury BAs, vaulted ceilings. MLS# 494700, $539,000 Sep. lot purchase $150,000. Pam Dent, 434.960.0161

WALK DOWnTOWn!

Like-new craftsman style home on a private CUL-DE-SAC lot. Granite counters, maple cabinets, ss appliances, hrdwds on main level, gas FP. Unfin. bsmnt w/full BA. MLS# 500804, $317,500. Sasha Farmer, 260.1435

KeY WeST

FAnTASTiC VALUe! Contemporary w/ open floor plan, soaring stone FP, cathedral ceilings & clerestory windows! Lower level has office, study, full BA, fam rm, 2 car garage. MLS# 486852, $249,000. Alice nye Fitch, 981.4562

nORTH GARDen

Wonderful custom home on 21 wooded acres. Arts & Crafts detailing, heart pine floors, gourmet kit, generator. Maximum privacy. Mostly hardwood forest, natural area. MLS# 497585, $449,000. Carter Montague, 434.962.3419

434.973.5393 800.793.5393 Charlottesville Westfield

I s s u e 21 - 4 1 | o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2

Montague Miller & Co Realtors We Will Raise Your expectations of a Real estate Company

FeATUReD PROPeRT Y

GReAT inVeSTMenT OPPORTUniTY

2 rentable units. HVAC, roof, & windows replaced. 3 BRs/1 BA, Hrdwd floors on main. Fam rm w/FP in basement. Cottage w/1 BR,1BA, LR & efficiency Kit. Close quick for fall tenants. MLS# 500034, $324,500. Brad Conner, 434.953.8124

LOCATeD neAR UVA ...downtown shopping, restaurants, pet friendly & public transportation. Well maintained home. Attractive, affordable & quick close possible! MLS# 500062, $118,500. S. Lisa Herndon, 434.566.5634

3771 ASHLEIGH WAY RD

OLD TRAiL

To be built by Peak Builders w/outstanding quality & design. Spacious floorplan, gourmet kit, built in cabinetry. Hardwood flooring. Sunroom w/floor to ceiling windows. MLS# 503109, $764,000. Andrea Gruber, 434.960.7738

PReMieR UVA LOCATiOn

ideal property for adding your own personal touches! All brick w/hdwds, DR, 2 FPs, fin recreation room in full basement, walk-up fully floored attic to add additional living space. MLS# 496912, $440,000. Anita Dunbar, 434.951.7135

HeART OF THe CiTY !

Central to everything. All-brick home w/ wooded back, upgraded kit w/granite, island, stainless steel, & lg bump-out morning rm. FULL Fin BSMnT! in desirable CHeRRY HiLL! MLS# 497842, $525,000. Sasha Farmer, 434.260.1435

HiSTORiC GRAnD DAMe

6+ acres in the heart of Town. near Downtown or 29. Sky high ceilings & period details~History lover’s dream. in ground pool. expansive grounds. MLS# 499026, $975,000. Betsy Cobb, 434.242.4087

L AnD O P P O RT Un iTi e S 21+ ACReS W/BLUe RiDGe VieWS

10 Stall Horse Stables + lg equipment barn. Spectacular home site. All open pasture on rolling hills with mutiple paddocks and board fencing. Currently in land-use. MLS# 500345, $520,000. Jan-Bas Van Beek, 434.981.6122

OLD BALLARD FARM

Custom Gaffney Home. 6 BR/5.5 BA w/ gourmet chef’s kit, cherry cabs, granite counters, lux MA suite w/FP, marble, heated floors. FR w/coffered ceilings & FP, 3 car garage on 2 acre lot. MLS# 500959, $999,900. Carol Carder, 242.0459

LOCATiOn! LOCATiOn! LOCATiOn!

7.20 ac. parcel located between Dunlora & Belvedere. Opportunity for investor/ developer. Water/sewer/natural gas available. Single or multi-family units. MLS# 484140, $1,300,000. edwina St.Rose, 434.284.0094

434.227.4444 866.435.9764 Charlottesville Downtown

KeSWiCK eSTATe

Beautiful nearly level wooded site. Plans available for Arts & Crafts design to be built. enjoy peaceful tranquility & exceptional amenities of Keswick Club. MLS# 499907, $355,000. Rives Bailey, 434.227.4446

neAR GLenMORe

Parcel 94-46A has 3 lots plotted and have been perked. Lot 94-11A is plotted as one 4.26 acre lot has been perked. Parcels join Glenmore. MLS# 500374, $372,000. Anita Dunbar, 434.981.1421

MiLL CReeK SOUTH

3 Brs, 3 BAs. w/1st floor MBr. Loft, BR w/full BA, study on 2nd floor. Kit has SS appliances. DR overlooks deck & fenced yard. LR w/hrdwd floors & FP. Loads of light. MLS 502293, $318,000. Doug Burke, 434.996.6791

Home

Concierge Services

434.951.7161 office

concierg@montaguemiller.com We’ll find you a perfect fit for all your home repair & remodeling projects!

CAAR Real Estate Weekly | www.cAAR.com

PReMieR eSTATe HOMe

Beautiful showcase home in an upscalegated golf community. Built w/quality materials & craftmanship on nearly one acre. MLS# 485265. $935,000. The Glenmore Team. 434.951.7160

Beautifully placed on a 4.56 acre lot, this stunning, custom Colonial offers 5BR, 2.5 BA. 9FT ceilings on 1st Floor, open floor plan with formal and informal spaces, incredible screened porch and wrap around deck with gas fireplace perfect for entertaining. Bright kitchen w/cherry cabinets, granite countertops, FR with gas FP open to kitchen. incredible mountain views! Close to nGiC, DiA, MJH & Wine county! Rough in for 3rd full BA. Meticulously Maintained! 1 year 2-10 Home warranty. Gorgeous! MLS# 502670, $469,900. Carol Carder, 434.242.0459

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

home finance

o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2 | I s s u e 21 - 4 1

What is

Appraised Value?

By RogeR A. VARneR, II

uying a home is a large financial commitment for an aspiring homeb u y e r, u s u a l l y requiring having to borrow thousands of dollars that takes 30 years to repay. However, for the financial institution to lend out thousands of dollars based on the promise to be repaid with interest is risky to say the least. Putting the home up as collateral reduces the risk, which allows financial institutions to lend at rates low enough to make homes affordable for the vast majority of Americans. Should a homeowner default on a mortgage, the lender gets the home but lenders are not in the business of owning homes. The lender wants its money back and therefore needs to transform the home asset back into a cash asset so it can continue its business of lending money. Lenders will sell the home at a rate slightly below market so it sells quickly and will factor this reduction into their required loan to value (LTV). A lender that lends $75,000 on a home valued at $100,000 is said to have loan 75 percent LT, which allows the lender to sell the house at a 25 percent discount to the value of the home without having to take a loss on the loan it made. The higher the LTV the riskier the loan to the lender as there becomes a greater chance that the home will sell for less than the loan amount or the lender will be forced to hold onto the home for a longer period of time, locking its capital for a prolonged period. How does a lender determine the value of the home to determine LTV? Lenders donâ&#x20AC;&#x2122;t want to take a borrower or sellerâ&#x20AC;&#x2122;s word, as neither of their interests is aligned with the lender. Instead, the lender will reach out to an unbiased third party to determine the value of the home, which the lender can then use for its calculations. The lender will have a short list of appraisers it trusts and upon a loan origination process will commission their services. While the pur-

pose of the appraiser is to help the lender, the loan applicant pays the cost of their services. A typical loan appraisal ranges from $300 to $500 depending on the depth of detail the appraiser is asked to provide. Appraisers are licensed professionals in the Commonwealth of Virginia that follow generally accepted practices when evaluating real estate. The appraisal for homes is generally based on the sales approach method, which utilizes comparable home sales from the past six months. Normally three comparable sales are used but more than that can be factored in. The comparable homes are those that most closely resemble the target home in location, size, age, condition, style, bed and bath count. The variances between the comparable homes and the target home are given a value and are either added to the comparable if the target home lacks it, or subtracted from it should the target home have it and the comparable does not. These adjustments to the comparable sales are then compared to determine a value for the home in the general market on a specific date. The appraisal is then provided to the lender, usually in the Uniform Residential Appraisal Report

The appraisal for homes is generally based on the sales approach method, which utilizes comparable home sales from the past six months. The comparable homes are those that most closely resemble the target home in location, size, age, condition, style, bed and bath count.

(URAR) format that consists of pictures of the exterior and interior of the home and a complete list of the homes specifications such as electrical, plumbing and HVAC systems in the home. The lender may share this information with the borrower freely but sometimes the borrower has to request it. The appraised value can sink a deal if it comes in too low, requiring the borrower to put more money down to bring the LTV below the lenders requirements. For example, if the previous home had a contracted $100,000 sales price but the appraised value came in at $80,000, the 75 percent LTV would only allow only a maximum loan amount of $60,000, requiring $40,000 be put down at closing. Unless the borrower has the additional funds or the seller is willing to reduce the sales price, this transaction will terminate as the purchaser would be unable to find acceptable financing. The threat of a low appraisal can bring both parties back to the table if the difference is small and a compromise looks possible. Appraised values are meant to give a true unbiased evaluation of a homeâ&#x20AC;&#x2122;s value to be used by a lender when underwriting a mortgage. The appraised value is of more importance today as lenders are more vigilant in determining the homes values and upholding their LTV requirements with little to no exceptions. While the appraisal value can affect all parties involved, it is the lender that determines who will conduct the appraisal and it also is the lender who needs to be satisfied with the result of the appraisal.

I s s u e 21 - 4 1 | o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2

Tommy Brannock

BHG Real Estate IIIâ&#x20AC;&#x2122;s Top Producer for 2011

Historic Downtown Office

PHENoMENAL LoCATIoN!

SPECTACULAR SETTING

IVY

NEW PRICE NEAR MERIWETHER LEWIS

NEW PRICE

IN HoLLYMEAd

Fabulous views of Ivy and beyond to the Blue Ridge Mtns. Formal gardens plus â&#x20AC;&#x153;fieldâ&#x20AC;? for outdoor entertainment and recreation. Perched on a knoll, this classic brick home features formal LR and DR, 1st floor Master BR, two fireplaces, Sun Room, tall ceilings, plus detached 3-car garage with Rec Room above. Rarely is an offering like this available!

Classic brick home, situated in one-of-kind setting with views of the Ragged Mountains, yet only minutes to town. Ideal for entertaining. Vacation at home by the Pool. 1st floor Master BR Suite, 4 other BRs with attached Baths, fabulous eat-in Kitchen, 2 Family Rooms and Home Office. Custom built-ins and top quality finish detail. Conveniently located near Boars Head, Farmington and UVAâ&#x20AC;&#x2122;s Medical Center!

Wonderful location for this 4 or 5 BR home on a secluded lot. Enjoy nature from every window. Home Office or 5th BR with private access. Formal LR and DR. Kitchen opens to Fam Rm with fireplace. Plenty of storage and fresh paint throughout - this home is â&#x20AC;&#x153;move-inâ&#x20AC;? ready!

Situated on one of Hollymeadâ&#x20AC;&#x2122;s nicest lots within a short walk of the Lake and the Elementary school. Recent improvements include granite counters plus new sink, stove and hood in Kitchen, some new flooring and fresh paint. 4 BRs + 2.5 Bathrms, formal LR and DR, and a Fam Rm with fireplace. Donâ&#x20AC;&#x2122;t miss the chance to join this sought-after community!

Offered for $1,090,000 www.ClassicIvyHome.com

Offered for $899,000 www.MawyerFarm.com

New Price of $449,000 www.IvyOaksHome.com

New Price of $264,000 www.HomeInHollymead.com

813 E. Jefferson Street â&#x20AC;˘ Office: 434-977-3033 Call Toll Free: 800-277-3033 www.RealestateIII.com â&#x20AC;˘ email: tbrannock@realestateiii.com

0IEDMONT (OUSING !LLIANCEÂ´S &AIR (OUSING 0ROGRAM

CAAR Real Estate Weekly | www.cAAR.com

EAST of

434-981-1486

o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2 | I s s u e 21 - 4 1

Home

SaleS S t a t S FOr The week eNdiNG 9-28-12

There were

47 sales

4(%

!$6%24)3).' Beth Wood ADS CAAR COM \

32 bridlewOOd drive lake moNTicello | fluvaNNa $230,000 $106 per fin. square foot on market for 126 days

Lindsay Bowerman SALESSUPPORT CAAR COM \ %$)4/2)!, #//2$).!4/2 Joanne DiMaggio EDITOR2%7 GMAIL COM

in the seven-county area.

â&#x20AC;˘ Twenty-seven were

in albemarle with an average price of $543,204

â&#x20AC;˘ Five were in

Charlottesville with an average price of $256,030

â&#x20AC;˘ seven were in Fluvanna with an average price of

CAAR

2270 biNGham mOuNTaiN sTaNaRDsville | gReeNe couNTy $82,500 $40 per fin. square foot on market for 174 days

$165,296

with an average price of

183 dOGwOOd lake drive

$116,250

â&#x20AC;˘ One was in Nelson with a price of $265,000

â&#x20AC;˘ One was in Orange with a

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

250

Orange 15

Gordonsville

Scottsville

Louisa

33 53

2 231

Charlottesville 29

Crozet

151

Nelson

Greene

Albemarle 240

Fluvanna 6

250

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.

Sample

Sales:

DogWooD lake esTaTes | louisa $195,500 $113 per fin. square foot on market for 190 days

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: $.762 per $100 of assessment FluvaNNa COuNTy www.co.fluvanna.va.us real estate tax rate: $.57 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: $.65 per $100 of assessment madisON COuNTy www.madisonco.virginia.gov real estate tax rate: $.53 cents per $100 of assessment

6662 GOrdONsville rOad kesWick | albemaRle couNTy $1,300,000 $388 per fin. square foot on market for 234 days

NelsON COuNTy www.nelsoncounty.com real estate tax rate: $.60 per $100 of assessment OraNGe COuNTy http://orangecountyva.gov real estate tax rate: $.72 cents per $100 of assessment

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.

308 E. East Main Street â&#x20AC;˘ Charlottesville, VA 22902 Tel.: 434-817-9330 â&#x20AC;˘ FAX: 434-817-2714 â&#x20AC;˘ e-mail: ads@caar.com Send your news and/or press releases to editorREW@gmail.com

Advertisers

index 1st Dominion Realty................6 Better Homes & Gardens Real Estate III Anne Hughes.....................9 Ginger Slavic......................9 Judy Drayer......................15 Tommy Brannock..............21 Charlotte Ramsey Realtors.......5 Court Square Title.................17 Frank Hardy Inc., Realtors Corporate........................17 Sharon Donovan.................4 Sonja Casero.....................4 Heritage Land Company...........6 Loring Woodriff......................24 McLean Faulconer, Inc......12-13 Montague Miller & Co.......18-19 Mountain Area Realty............17 RE/MAX Affinity Hollymead Square..............8 Roy Wheeler Realty Co..........2-3 Jim Bonner......................23 Open House.......................7 Wintergreen.....................11 Strong Team Realtors..............5

%-049

.%34 Have the kids flown the coop? Is it time to downsize into a smaller dwelling? Use the Real Estate Weekly to find your new home.

Real Estate Weekly

CAAR

â&#x20AC;˘ Three were in louisa

Madison

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 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).

$247,500

CAAR Real Estate Weekly )S PRINTED ON RECYCLED PAPER

Information on advertising placement may be obtained by calling 434-817-9330.

with an average price of

!24 $)2%#4/2 Tracy Federico TRACYF CAAR COM

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.

â&#x20AC;˘ Three were in Greene

price of $795,000

Staff:

I s s u e 21 - 4 1 | o c t o b e r 1 1 - o c t o b e r 1 7 , 2 0 1 2

Homes and Land of Charlottesville Virginia

Glendower, c. 1808

Diversify Your Portfolio

3715 Ashleigh Way Road

Spectacular country estate and vineyard near Monticello. Approximately 18,000 square foot 45 room mansion on nearly 100 acres. Classically proportioned rooms and formal English garden. Pool complex, heliport, log cabin and private chapel. MLS#487335 $16,000,000

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. $5,250,000. MLS#496651

Large woodland tract of 652 acres with access to the James River in Nelson County. Excellent wildlife habitat, growing timber, miles and miles of internal roads and trails. Offered for less than $1,800 per acre. Only $1,150,000. MLS#500388

Beautiful Albemarle property situated of 6.5 acres with pastures ready for horses bordering 100 acre preservation tract. This light and bright home featuring open floor plan has been well maintained with over $100,000 in improvements. MLS#497409 $429,000.

Edgewood c. 1799

Misty River Farm

Bear Crossing

McConnell Angus Farm

Private Blue Ridge vistas and long frontage on the Conway in Greene County make this 123 acre property infinitely enjoyable. The 5,000 square foot home has been tastefully renovated and restored, as have the grounds and gardens. $1,695,000. MLS#497522

Extraordinary 106+ acre riverfront estate and horse farm. Beautifully crafted of the finest materials featuring dramatic open floor plan. Indoor and outdoor fireplaces, wine cellar, pool/ pool house, fabulous barn, magnificent 4 acre lake. www.mistyriverfarmva.com $2,450,000. MLS#493735

Rustic elegance just north of Crozet. 5 bedrooms, 4.5 baths on 34 acres with mountain views, pond, privacy and 4 stall center aisle stable. Ride the trails of adjacent new 600 acre county park. Many new updates and freshly painted. $775,000. MLS#497949

Showcase registered Angus Farm of 350 acres in the heart of Somerset with beautiful Blue Ridge Views. Spectacular new home, show barn, lake and everything is in immaculate condition. A rare find. $5,850,000. MLS#497826

White Oak Farm

Heathcote, c. 1915

Sage Hill

Seven Oaks

Immaculately renovated equestrian estate of 45 acres in Albemarle County situated amidst tall oaks and overlooking professional riding arena. State of the art barns and shop with board fenced pastures, pond and woodlands. $1,175,000.

Gracious 16+ acre country manor in the heart of Keswick. Old oaks, boxwood, guest home, 3 car-garage with workshop. Pastures are fenced for horses. 4 bedroom, 4 bath home with 6 fireplaces, completely renovated and restored. $1,495,000. MLS#495458.

Beautiful and private Albemarle horse farm of 21 acres. 13 board fenced acres with 3 automatic waterers, 2 barns and immaculate 2001 farmhouse with wraparound porches and in-ground pool. All in perfect condition. $885,000. MLS# 491918.

Beautiful 5 bedroom, 3 bath home with terrace level apartment. Heart pine floors. Private 8+/acres for horses with 2 stall barn and board fencing. Private and in excellent condition. Reduced $100K until 10/10/12. $425,000. MLS#498120.

Jim Bonner The Top Producing Agent 20 consecutive years.* Since 1998 sales volume in excess of $340,000,000 including over 37,000 acres.

www.jimbonner.com (434) 951-5102 jim@jimbonner.com Ednam Hall â&#x20AC;˘ 1100 Dryden Lane â&#x20AC;˘ Charlottesville, VA 22903

CAAR Real Estate Weekly | www.cAAR.com

C U O N N D TR E AR C T

Albemarle House

:HVW :DWHU 6W 6XLWH &KDUORWWHVYLOOH 9$

OZRRGULII#ORULQJZRRGULII FRP

CITY OASIS JUST OFF RUGBY

1705 rUgby circle $699,000 This beautifully renovated one-level home includes 3 bedrooms and 2.5 bathrooms on the main level and expansive, open living spaces in addition to a pristine lower level apartment. The location on a quiet street with only one other home is simply extraordinary â&#x20AC;&#x201C; TOTAL privacy and solitude just a block off of convenient Rugby Road. The beautiful lawns and gardens can be enjoyed from a dramatic new covered rear porch. Recent renovations include an exceptionally high quality kitchen and bathroom MLS# 503301

ROOF TOP TERRACE VIEW MINUTES TO UVA

MCGINNIS ROW â&#x20AC;˘ $279,000 17 new urban inspired row homes with garages and roof top terraces located minutes to UVA campus, the Hospital, The Corner, as well as Historic Downtown. Modern interior finishes including bamboo or hardwood floors, sleek cabinetry, granite tops, sliding barn door, open kitchen/ great room. Lindsay Milby (434) 962-9148. MLS# 503089

OLD BALLARD FARM

WALK TO UVA HOSPITAL

AFFORDABILITY ON 2+ ACRES

1939 OLD BALLARD FARM LN â&#x20AC;˘ $1,190,000 Beautiful home features exquisite craftsmanship w/understated elegance. 4500+ sf of living space inclâ&#x20AC;&#x2122; formal LR/DR, 10-ft ceilings, family rm, spacious ownerâ&#x20AC;&#x2122;s suite, security system & custom cabinetry. Gourmet kitchen w/Wolf, Bosch & Subzero appliances. 10 mins to Cville. Amy Toomy (434) 996-0394. MLS# 500088

1617 GROVE STREET EXT â&#x20AC;˘ $199,700 Country living on a large, sunny city lot. Walk to UVA hospital. Stucco, tin roof, porches create charming curb appeal. Original hardwd flrs, living rm w/orig fireplace & mantel. All new Pella windows, HVAC, water htr, plumbing, decking, kitchen & more. 3 offstreet parking spaces. Erin Garcia (434) 981-7245. MLS# 498552

3225 PRESIDENTS ROAD â&#x20AC;˘ $145,000 Cute home on beautiful land close to Cville - fenced backyard & separate pasture! Open layout makes the living space & kitchen inviting. Windows bring nature inside. Built-ins in the living room & updated kitchen. French doors to deck. Large shed/ workshop. Chas Biediger (434) 227-4669. MLS# 502958

BEAUTIFUL MOUNTAIN AND LAKE VIEWS

6725< /,9,1* ,1 /$.( 0217,&(//2

IDEAL DOWNTOWN LOCATION â&#x20AC;&#x201C; REDUCED

GRAYROCK NORTH â&#x20AC;˘ $399,900 Great views of Bucks Elbow Mountain from this beautiful home in Grayrock North. 3400+ square feet. Hardwood floors, security system and central vacuum. Enjoy views of the lake from the screened porch or the lovely terraced yard. Fully finished terrace level. Amy Toomy (434) 996-0394. MLS# 503539

-())(5621 '5,9( Â&#x2021; Well-kept, 1 story home with a popular split BR design, ready for a new owner. Large inviting living rm with gas log fp leading into dining area & updated kitchen. All rooms are good size. Plenty of storage. Huge backyard! Recent upgrades inclâ&#x20AC;&#x2122; HVAC, refrigerator, & glass top range. Inessa Telefus (434) 989-1559. MLS# 502979

507 2ND STREET, NE â&#x20AC;˘ $599,000 A light-filled, 3-BR, 3.5-BA end unit townhome on historic N. 2nd St, just 3 blocks to the Downtown Mall. Low-maintenance living on a quiet residential block. A rare opportunity with only 4 townhomes in this bldg. Renovated kitchen & powder rm, built-in bookcases, fireplace. 2 reserved, off-street parking spaces. MLS# 494742

EDGEWOOD FARM, c.1852 IN SOMERSET

EDGEWOOD FARM â&#x20AC;˘ $3,695,000 Comprised of 206 rolling, manicured acres, with a mile of frontage on the Rapidan River and newly constructed equestrian facilities, Edgewood Farm is truly an exceptional estate offering. No stone left unturned improving the historic home. New guest quarters, office/ garage, new pool and farm managerâ&#x20AC;&#x2122;s home. MLS# 498316

University circle $595,000

DRAMATIC LIVING STEPS FROM UVA

An amazing, modern interior is combined with a classic 1916 Beaux Arts exterior to create a unique offering within walking distance to UVA & only mins to Historic Downtown. Designed & renovated by Alloy, special features inclâ&#x20AC;&#x2122; high ceilings, exquisite heart pine flrs, new kitchen & bathrms, open design, abundant light from many windows, built-ins, large walk-in closets, laundry rm, front & rear porches. Designed with careful attention to detail. Lindsay Milby (434) 962-9148. MLS# 498147

: : : / 2 5 , 1 * : 2 2 ' 5 , ) ) & 2 0