Real Estate Weekly 10.25.2012

FREE

Real Estate Weekly www.cAAr.com

CAAR

vol. 21 no. 43 n october 25 - october 31, 2012

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

$ Charlottesville offers Many opportunities for

Real

estate

InvestoRs

By Celeste M. sMuCker, PhD

Eco-friendly

Flooring CAAR Supports Ballot Question one to Prevent Eminent Domain Abuse

o c t o b e r 2 5 - o c t o b e r 3 1 , 2 0 1 2 | I s s u e 21 - 4 3

McLean FauLconer Inc.

Farm, estate anD resiDential Brokers

Charming, restored, 5 BR Virginia farmhouse on 24 pastoral acres just 3 miles west of town. Residence has over 5,500 fin. sq/ft great flowing floorplan. Jim Faulconer (434)981-0076. #495430

EXTRAORDINARY CONTEMPORARY of highest quality, designed by STOA. Offering panoramic Blue Ridge views, river frontage, 42 acres including 2nd buildable parcel, 4 BR, pool, 1st floor master & more. Tim Michel (434)960-1124 #489522

THE BRYANT HOUSE - C. 1806-Stunning, completely restored/renovated Colonial Revival-style home, just steps from Staunton’s vibrant Downtown! 45BRs/3.5BA, copper roofing & gutters, new electrical, plumbing & 3-zone HVAC w/gas heat. Beautiful woodwork & mouldings. $725,000 Steve McLean (434)981-1863 MLS#500320

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

BLANDEMAR FARM ESTATES - The setting is exceptional with bold mountain views, beautiful streams and hardwood forest and lovely open pasture land.

Andrew Middleditch, 981-1410.

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

The only available LAKE FRONTAGE LOT in Greene Mountain Lake! Lovely 0.42 acre lot, perfect site to build in Greene Co. Only minutes from the town of Stanardsville, and an easy drive to shopping outlets, nearby cities. Priced to sell at $89,000. Call Will Faulconer (434) 987-9455. MLS#500364

6.9 Acres- Elevated homesite on the Blue Ridge offering long range panoramic views plus a large level open yard with mature landscaping. Located 20 miles west of UVA. $499,000 Call Jim Faulconer (434) 981-0076 #496595

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

NEAR MERIWETHER ELEMENTARY-and close to town is this magnificent brick Georgian, comfort and elegance throughout, lots of space. Meticulously crafted, cira 2002. This 5 bedroom home features beautiful finish details, solid wood cabinetry and doors, large eat-in gourmet kitchen, first level master suite, two family rooms w/fireplaces, home office, much more. REAL VALUE at $1,495,000.

Jim Faulconer, (434)981-0076. MLS#503530

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) 2951131.

Madison County - The 74+/- acres is both open & wooded. Create a weekend retreat or full time country home convenient to Charlottesville and DC. $625,000 Charlotte Dammann (434)9811250. #489895

Premier lot in Ivy within Grassmere Farm offering 4.2 acres with Blue Ridge & pond views. Land is gently rolling with an almost level building spot. Beautiful landscaping already established by owner with drilled well, small garden house, perked lot & electricity established. Close to Murray Elementary. $355,000. Betsy Swett, 249-2922.

MLS 494034.

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

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

RIVANNA RIVER FRONTAGE! Priced to sell! Nearly 100 acres of raw land has many possibilities.

Conveniently located near Rt. 15, Palmyra, Lake Monticello, and only 20 mins from Charlottesville.

Wildlife Abundant. Steger Creek runs through property. In land use. $275,000. Call Will Faulconer (434) 987-9455. MLS#502205

Extraordinary Keswick Golf Course Parcel- Priced to sell! Below county assessment, surrounded on two sides by the award winning Arnold Palmer Golf Course this beautiful 2.4 acre building lot represents the best value in Keswick. $350,000 Tim Michel (434)960-1124. #503871

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

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

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.

2ND STREET NORTH DOWNTOWN - Six gorgeous apartment units in Gabe Silverman renovated Turn of The Century house. Upper units are two stories, lots of special touches, private porches, decks and six great kitchens. $850,000. Tim Michel (434)960-1124

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. $450,000 Charlotte Dammann (434)981-1250 #496288

THIMBLE FARM - Stunning pastoral & mountain views, only 10 minutes west of Charlottesville. Handsome 1.5-story Tommy Craven designed brick home, built c. 1949, on 36+ acres offers 4 spacious bedrooms & 4 full bathrooms w/2,680 finished square feet of living space. Complete w/pool, guesthouse, barn, tenant cottage, garages & other outbuildings, pond, stream. $2,450,000. MLS #503708 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

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..

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

Light, bright and open three bedroom, 2.5 bathroom townhome with finished basement on extra special lot and easy access to downtown.

Community pool and tennis. 172 Buttercup Lane. $237,500. Call Nancy Roche, 981-7873 for more information. MLS#503211

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

WALNUT HILLS - Fantastic 4 BR, 4.5 BA First floor master suite, large family room with stone fireplace, home in prestigious Walnut Hill community. $770,000. Andrew Middleditch (434)981-1410. # 492379

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CAAR

What’s Inside:

). %6%29 Real Estate Weekly www.cAAr.com

vol. 21 no. 43 n october 25 - october 31, 2012

0

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FREE

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

$

/#4/"%2 /#4/"%2

PAGE

Charlottesville offers Many opportunities for

14

Real

estate

InvestoRs

By Celeste M. sMuCker, PhD

Eco-friendly

Flooring CAAR Supports Ballot Question one to Prevent Eminent Domain Abuse

22 Charlottesville Offers Many Opportunities for

Real

estate

InvestORs CAAR Real Estate Weekly | celebrating 20 years 1992-2012

By CElEstE M. sMuCkEr, PhD

Eco-

friEndly Flooring

By Joanne dIMaGGIo

Issue:

Open Houses ..............................................6-7 News & Views................................................ 8 Homes for the First-Time Homebuyer ............ 8 Condos & Townhomes ................................... 9

Real estate news

CAAR Supports Ballot Question One to Prevent Eminent Domain Abuse..................12

By Brad Conner, GrI, aBr, SFr

featuRe

Charlottesville Offers Many Opportunities for Real Estate Investors...... 14

By CeleSte M. SMuCker, Ph.d.

house & home

Eco-friendly Flooring ................................... 22

By Joanne dIMaGGIo

Homes Sales Stats ...................................... 23

Next Week: VirgiNia Film FestiVal moNtpelier huNt raCes

I s s u e 21 - 4 3 | o c t o b e r 2 5 - o c t o b e r 3 1 , 2 0 1 2

Homes and Land of Charlottesville Virginia

Glendower, c. 1808

Edgewood c. 1799

White Oak Farm

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

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

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.

Willow Lake Parcels

Bear Crossing

Diversify Your Portfolio

Ivy Farm Estate

Extraordinary investment.

11 approved lots five minutes to town overlooking Willow Lake and Carter’s Mountain. Walk to PVCC and Monticello HS. Perfect for single family rental units. Utilities on site, public road frontage. Ready to build. $795,000.

MLS#497003

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

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 brick Georgian of the finest quality with classically proportioned rooms. Situated on a private plateau overlooking an in-ground pool and Ivy Creek it features 55 acres of rolling fields and forest, (2) separate entrances.

More land available with division rights. $1,495,000. MLS#503476

TI N G S LI EW

McConnell Angus Farm

Sage Hill

Farms of Turkey Run

Misty River Farm

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

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.

Lots 13 and 15 offered at $295,000 each. Both over 21 acres with gorgeous Blue Ridge views extending to wooded stream along back of property. A small pond or brick estate columns could be added.

MLS#475594/475595

Extraordinary 70+ acre riverfront estate /horse farm. Crafted of finest materials featuring dramatic open floor plan. Indoor and outdoor fireplaces, wine cellar, pool/pool house, barn, 4 acre lake. An adjoining lot of 64 acres available. www.mistyriverfarmva.com $1,995,000. MLS#503318

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 • 1100 Dryden Lane • Charlottesville, VA 22903

CAAR Real Estate Weekly | www.cAAR.com

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Albemarle House

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Open Houses

open

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

house

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

quick search

octo b e r 2 7 & octo b e r 2 8

saturday

27 october

2 0 12

PDT $519,900

646 BAYWICK CIR OLD TRAIL ATH MLS# 491033 $649,900 2461 PENDOWER LN GLENMORE DET MLS# 503423 $799,900

Albemarle

1119 CAMBRIDGE HILL LN GLENMORE PDT MLS# 498157 $826,825

127 ROLKIN RD PAVILIONS AT PANTOPS ATH MLS# 501875 $253,945

6782 WELBOURNE LN OLD TRAIL DET MLS# 502962 $898,525

2057 AVINITY LOOP AVINITY ATH MLS# 500083 $274,900

Charlottesville

2293 WHITTINGTON DR PAVILIONS AT PANTOPS ATH MLS# 502237 $294,900 1080 OLD TRAIL DR OLD TRAIL ATH MLS# 494797 $308,277 10 UPLAND DR OLD TRAIL MLS# 501091

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

3 PENDOWER LN GLENMORE MLS# 495984

5623 UPLAND DR OLD TRAIL MLS# 484463

PAT $353,800 ATH $394,900

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

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

sunday october

28 2 0 12

Albemarle 172 BUTTERCUP LN LAKE REYNOVIA ATH MLS# 503211 $237,500 127 ROLKIN RD PAVILIONS AT PANTOPS ATH MLS# 501875 $253,945 2057 AVINITY LOOP AVINITY ATH MLS# 500083 $274,900

fluvanna

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

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

72 AVINITY LOOP AVINITY MLS# 487262

greene

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

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

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

ATH $299,900

1072 WINTERGREEN LN REDFIELDS DET MLS# 503868 $349,900

10 DEERWOOD LN LAKE MONTICELLO DET MLS# 501331 $179,900

10 UPLAND DR OLD TRAIL MLS# 501091

PAT $353,800

8 WILDWOOD DR LAKE MONTICELLO MLS# 501303

DET $219,900

1051 ST JOHN RD NONE DET MLS# 502598 $389,000

8 DOGLEG RD LAKE MONTICELLO MLS# 502915

DET $229,900

5623 UPLAND DR OLD TRAIL MLS# 484463

39 WEST LAKE FOREST DR LAKE MONTICELLO DET MLS# 501393 $240,000

ATH $394,900

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

GREENE

3 PENDOWER LN GLENMORE MLS# 495984

PDT $519,900

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

3510 FOXWOOD DR FOXWOOD FOREST DET MLS# 503261 $599,750

5557 FREDERICKSBURG RD DAWSONVILLE DET MLS# 501687 $249,000

646 BAYWICK CIR OLD TRAIL ATH MLS# 491033 $649,900

171 HICKORY LN PREDDY CREEK MLS# 500926

31 CLAYMONT DR CLAYMONT DET MLS# 497260 $690,000

louisa

2461 PENDOWER LN GLENMORE DET MLS# 503423 $799,900

DET $325,000

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

1119 CAMBRIDGE HILL LN GLENMORE PDT MLS# 498157 $826,825

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

6782 WELBOURNE LN OLD TRAIL DET MLS# 502962 $898,525

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

Charlottesville

All information deemed accurate as of 9:30 a.m. Tuesday, October 23rd 2012 as per CAAR MLS Open House data.

102 LONGWOOD DR LONGWOOD ATH MLS# 484693 $239,900 1804 CHESAPEAKE ST NONE DET MLS# 497460 $329,500

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

fluvanna

1817 LANETOWN WAY GRAYROCK NORTH DET MLS# 503150 $349,900

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

www. caar. com

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

open sunday, october 28th

2-4 pm

31 claymont drive Custom built by Judi Simpson, this European Country style home sits on a beautifully landscaped 3.95 acre yard. Special features include two-story foyer, first-floor master bedroom, open great room w/cathedral ceiling open to a true cooks kitchen, finished terrace level w/second fireplace, whole house generator, security system, central vac, irrigation system, Hardi-Plank siding, 12x70 wrap around deck, surround sound system & more. MLS# 497260 $690,000 the marjorie adam team 434-326-1881 • marjorie.adam@yahoo.com directions: 743 through Earlysville. Bear left at Earlysville store to Buck Mtn. Rd to right on Markwood to R into Claymont to house in cul de sac.

434-326-1881

open sunday, october 28th 2-4 pm 171 hickory Lane Exceptional value in this immaculately maintained, home on beautifully landscaped, private park-like corner lot, unique for a subdivision. Includes open floor plan, new water heater, new ridge venting, new HVAC systems, updated screened in porch, 2-car garage w/direct kitchen entry, fully finished basement that can serve as additional sleeping area, a serpentine walkway & re-paved, resealed driveway. Short commute to Charlottesville or Culpeper, convenient to both NGIC and DIA. MLS# 500926 the marjorie adam team 434-326-1881 • marjorie.adam@yahoo.com directions: 29 North from Charlottesville to R on 607 at Sheetz to R on 670 to L on Preddy Creek Dr to R on Hickory to house on L.

434-326-1881

Open Sunday, OctOber 28th 2-4 pm 2518 cOmmOnWeaLth drive berKeLey Great investment opportunity! Stop by to see this well-maintained 3 BR, 2 BA home offering single level living, & full unfin. basement! Brand new to the market! Freshly painted & ready for a quick possession. Newly refurbished deck, new thermopane windows, large rear yard, & carport that could serve as a covered patio! 5 minutes everything! MLS#503570, $225,000 arLeen yObS • 434-981-4108 www.uniquehomesOfcharlottesville.com www.previewcharlottesville.com directiOnS: VSH 29 To Dominion Drive; R On Commonwealth. Enter Berkeley Subdivision.

Home On R.

open sunday, october 28th 1:30-3:30 pm 375 Westfield road As you enter this completely updated manor home, you experience a spacious LR, DR & Kitchen with cathedral ceilings, oak flooring, rich looking 42” natural cherry kitchen cabinets, stone tile backsplash w/tile glass accents, new appliances, gas fp in a spacious downstairs FR. This manor home has an unusually large sunny yard for gardening & play. A small playground is across the street. Ideally located near all services & 1 block to bus line. MLS# 503996 $237,000 linda broadbent 434-960-0375 • lmbroadben@embarqmail.com directions: Commonwealth (at Comcast) to Westfield. First house on left facing Westfield

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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

C U O N N D TR E AR C T

OPEN HOUSES Sunday, october 28th

1817 LaneTown way

Time: 1-4 pm

Hosting Agent: Mike Peters

8 dogLeg Road

Time: 1-4 pm

Hosting Agent: The Field Team

8 wILdwood dRIve

Time: 1-4 pm

Hosting Agent: The Field Team

VERY WELL PRICED 5 bedroom colonial that overlooks a pretty neighborhood pond features beautiful hardwood floors, formal dining room and living room, family room with bay window and gas fireplace, large eat-in kitchen, full unfinished basement and two car garage. $349,900.

LAKE MONTICELLO. you MuSt see this pristine Post & beam home with soaring ceilings, wrap around decks front & back, open floor plan AND a great lot for a FANTASTIC price!! Lots of upgrades throughout. ready to move right in. new appliances, new lighting, & new flooring. $229,900.

Directions: From Crozet- Take Jarmans Gap road 2 miles, right on Lanetown road- right into Grayrock, north on Lanetown Way. Please stop by!

Directions: Main Gate at Lake Monticello - Left on Jefferson Drive - Right on Dogleg. First home on left. bring this ad for admittance at gate.

Directions: Left from main gate on Jefferson, about 2 miles turn r on Forest, L on colonial, r on Long Leaf, L on Wildwood home on left. bring this ad for admittance at gate.

662 IndIgo Lane

1406 HoLLy Road

Town CenTeR In oLd TRaIL

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.

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.

Mike Peters 951-5119/981-3995. (503150)

Time: 1-3 pm

Hosting Agent: Mandy Yancey

BUILDER SPECIAL THROUGH AUGUST 31ST. Move right into this gorgeous colonial with spacious rooms, country porch, storage and all located minutes to Zion crossroads in an established neighborhood with pond. $197,090. susanstewart76@gmail.com Susan Stewart 434-242-3550. (499926)

Directions: From Zion crossroads 15S, right

by Troy Post office (Troy Road), left on North boston, left into Sycamore Landing, Left onto Indigo, follow to end, property on right.

www.DeniseRamey.com Denise Ramey 434-960-4333. (502915)

Time: 1-3 pm

Hosting Agent: Rob Schilling

Rob Schilling, 434-293-1186. (501435) Directions: 250 to Park, go north to Melbourne, left to Kenwood, left to Galloway, right to holly, left on holly road.

LAKE MONTICELLO. colonial home near beach #2 featuring open floor plan that is great for entertaining! Beautiful hardwood floors, spacious kitchen with custom oak cabinets & island with lots of space.

Large screened deck with patio below. Fenced back yard. Oversized 2 car garage with built in workbench. $219,900. www.DeniseRamey.com Denise Ramey 434-960-4333. (501303)

Mon. - Sat. 11-5, Sun. 1-4

Agent on site

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

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CAAR REAL ESTATE WEEKLY

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

news & Views

NEWS 6)%73 What’s Happening Around Town?

Piedmont Realty & Construction Designated as a RESNET Energy Smart Homes Builder Crozet-based homebuilder, Piedmont Realty & Construction has entered into an agreement with the Residential Energy Services Network (RESNET) to provide new homebuyers with an important measurement of long-term energy performance of each new home the company builds.

The intent of the agreement is to raise consumers’ knowledge of new home energy performance by using RESNET’s HERS Index. Use of the HERS Index will differentiate homes built by Piedmont Realty & Construction from other homes for sale in the Charlottesville housing market.

Piedmont uses the Home Energy Rating System (HERS), a rating system used by homebuilders nationwide, to measure their homes’ overall efficiency levels. The RESNET HERS Index is the industry standard by which a home’s energy efficiency is measured. The HERS (Home Energy Rating System) was developed by RESNET and is the nationally-recognized system for inspecting and calculating a home’s energy performance. Certified RESNET Home Energy Raters conduct inspections to verify a home’s energy performance and determine what improvements can be made to increase it. For more information click on www.resnet.us/ home-energy-ratings

Drew Holzwarth, Principal of Piedmont Realty & Construction, said RESNET’s HERS Index provides a quantitative measure of energy efficiency and permits comparisons between homes. “It is expected that Piedmont Realty & Construction’s agreement with RESNET will serve as a model to other local and regional builders that would have positive outcomes for consumers and the new home industry.”

Steve Baden, Executive Director of RESNET, lauded Piedmont Realty & Construction’s leadership for improving the energy performance of new homes. “Today’s new homes are much more efficient in comparison to homes built just a decade ago.

These homes are more affordable to maintain, comfortable and have a higher value. Thanks to leaders like Piedmont Realty & Construction, builders are increasing the energy performance of the homes they build.

This is good for consumers, the environment, the local economy and our national security. It is great to have such a quality builder like Piedmont Realty & Construction educating homebuyers on the RESNET HERS Index.”

In making the commitment, Piedmont Realty & Construction has been designated by RESNET as an RESNET Energy Smart Builder.

RESNET Energy Smart Builders are leading the transformation of the housing towards high energy performance homes. These leading builders are committed to having all of their homes energy rated following

HOMES FOR THE

First-Time

Home Buyer H OMES

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UN D ER

RESNET’s stringent standards and marketing their homes HERS Index Score.

The SPCA’s 2012 Critter Ball raised more than $210,000 largely due to its Celebrity Dance Competition. This annual SPCA Ball consists of a dinner, silent and live auction and the Celebrity Dance Competition modeled after ABC’s Dancing with the Stars. In the fourth year of the dance competition where dancers compete for dollar donation votes to take home the mirror ball trophy, this year’s dancers raised a recordbreaking $123,000 to help the animals at the SPCA.

They lit up the dance floor boogying to John Michael Montgomery’s hit “Be My Baby Tonight.” The 2012 celebrity dancer line-up included: • Actress, Albemarle High School Teacher and cat lover, Meghan Crider; • Arts Advocate, rescue dog owner and Executive Director of Live Arts Matt Joslyn; • Family CFO, mother of two, and passionate animal lover Julie Bonistalli; • Charlottesville native and owner of Beer Run, Josh Hunt; • And, amateur couple, local chiropractor & President of the Thomas Jefferson Foundation, Cortland Neuhoff and Leslie Bowman.

Because of support from our generous event sponsors, every dollar

Director of Marketing and Development, Lisa Lane said, “we are so thankful for our supporters, sponsors, and all of the dancers who put an incredible amount of time and energy into their dance routines and raising money for the animals at the SPCA. This is always such a fun fundraiser thanks to the Celebrity Dance Competition, and the dance performances were the highlight of the evening. All proceeds from the Critter Ball will go to support critical medical care for the animals at the SPCA and the SPCA’s public spay/ neuter programs.”

Although all the dancers were just incredible, there can only be one winner of the Mirror Ball Trophy. And, this year, it was Celebrity Dancer Julie Bonistalli and her partner Kevin Sumter who stole the show and raised the most donation votes for the animals.

raised during the Critter Ball will go directly to help animals in need.

The SPCA graciously thanks returning presenting sponsors BMW of Charlottesville and Virginia National Bank. For a full list of sponsors please visit www.spcacritterball.com.

The mission of the CharlottesvilleAlbemarle SPCA is to provide a safe and nurturing environment for the lost, abandoned, and homeless animals of the City of Charlottesville and the County of Albemarle and to increase the number of these animals being placed in appropriate, loving, and permanent homes through adoptions, foster care, and outreach, and to set a standard of excellence and leadership in shelter animal care, humane education, and progressive animal welfare programs.

For more information about the SPCA call 434-973-5959 or visit www. caspca.org.

Charlottesville Celebrities Raise more than $210,000 for SPCA

Hollymead Square 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. www.CharlottesvilleMoves.com (434) 296-0007

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

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Residential BRokeRs

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1920s Bungalow has old house charm with updated features, beautiful cherry floors, and a prime walk-to-Downtown location; Large, fenced back yard with mature shade trees; old time front porch and green screen for privacy; 'lower' level is above grade and includes a sunroom and large deck; Zoned R-2, this property could be converted into two apartments for rent; Well maintained and move-in ready! Offered at $224,900

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Kelly Ceppa Realtor Associate Kelly@NestRealty.com Mobile: 434-981-2506 Office: 800-325-6378 (NEST)

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126 Garrett Street, Suite D | Charlottesville, VA 22932

CONDOS

& TOWNHOMES 1013 LINDEN AVE #S

.

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

BRAND NEW CONDOS NOW COMPLETE. FOR SALE. A modern, edgy, building coupled with classic lines and tremendous detail on the interior. A great home to entertain w/ open spaces. Natural light floods the residence, hardwood floors, granite countertops, and ceramic in the bathrooms. 2 mi. from the pavilion and moments from 64. A terrific city property. GREAT FIXED INTEREST RATE-30yr. Financing 3% OF PURCHASE PRICE WILL BE GIVEN TOWARDS BUYERS CLOSING COSTS. Rooftop terrace on this unit. MLS# 501989

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$244,900

ChEryL SprANgEL (434) 981-6695

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300 RIVERBEND DRIVE #2C Riverbend Condominiums located on Pantops Mountain are blocks away from State Farm & Martha Jefferson Hospital, and overlooks the Rivanna River. Close to downtown and UVA. This is a Sheandoah floor plan, a large 1 bed. with a river view, easily fits king size bed., large walk-in closet, attached master bath has two sinks and a garden tub. There is a clubhouse w/ fitness center, pool, and access to the 26 mile Rivanna Walking Trail. Great place for pets. Quiet country setting but in the city. MLS# 503583

$139,900

ChERyl SpRaNgEl (434) 981-6695

WWW.CAAR.COM

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CAAR Real Estate Weekly | www.cAAR.com

1314 Poplar Street

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www . M ontague M iller. com New to the Market

View All Area Homes for Sale and Upcoming Open Houses

BENTIVAR

Gorgeous 3.4 ac! Formal LR w/FP. Formal DR, Eat in Kit, oak custom cabinets, cork floors. Hrdwd floors. FR w/ FP. Huge MBR w/dual closets. Screened Porch! Move in ready! MLS# 504001, $435,000. Carol Carder, 434.242.0459

CHARLOTTESVILLE

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

Extensively renovated 1920’s home near Dtown/UVA Hospital. Updated plumbing/ electric, refin. hrdwd flrs, new ext.decking/ stairs, new paint, appliances, water heater, & more. Off st prking MLS# 501791, $269,000. Rives Bailey, 434.227.4446

FOREST LAKES GEM

DOWNTOWN CVILLE

Charming late 19th century historic home, prime location. Walk to everything!

Renovator’s dream!

Full basement apartment. MLS# 499083, $425,000. Sasha Farmer, 434.260.1435

WALKERS CREEK FARM c.1850

On 171 acres in northern Rockbridge County. Restored in classic farmhouse style with modern amenities. Gorgeous views. MLS# 491398, $950,000.

Carter Montague, 434.951.7156

DOWNTOWN CHARLOTTESVILLE

Move-in ready. Priced to sell! Quiet culde-sac lot! Spacious MBR w/cathedral ceiling, lg MBA w/dbl vanity, sep. tub & shower, & lg walk-in. Spacious, level, back yard. MLS# 503262,$275,000.

Sasha Farmer, 434.260.1435

Belmont home, built in 1997. Accessible one level living! Equipped w/ramp, spacious rooms & walk-in shower. Corner lot w/mature yard & natural spring. Sold “as is” w/1 yr home warranty. MLS# 499206, $199,999.

Melina Vaughan, 434.466.8144

GLENMORE Spacious & in beautiful condition! 2story family room with FP, opens to deck & privacy. Bright Kitchen with granite & stainless. Lg MA suite, + 3 BRs, study & media room. MLS# 500166, $545,000.

Glenmore Team, 434.951.7160

Landscaped 2 acre lot, custom built by Barry Meade Homes. 5BR, 3.5 BA. Formal LR/DR, Family rm with gas FP. Lg MBR with FP. Walk-out terrace level, deck with awning. MLS# 497349, $625,000. Carol Carder, 434.242.0459

BENTIVAR

www.montaguemiller.com/openhouse

OWENSVILLE RD

Elegant, casual 6,000 sq ft one owner custom home on 5+ ac. First floor MA suite.

Beautiful setting, near Meriwether Lewis. Extensive landscaping.

Pool. MLS# 498958, $1,425,000. Trish Owens, 434.825.5393. O/A

KESWICK

Thoughtfully designed & beautifully maintained home on 27 wooded acres. Flowing floorplan w/high ceilings, 1st floor MA suite & study for one level living. Screened porch, deck & pool. MLS# 500562, $997,500. Rives Bailey, 227.4446

BARBOURSVILLE

2+ acres in a cul-de-sac! Hrdwd floors, kit w/island, cherry cabs, & ss appliances. Full FIN BSMNT w/rec rm, office/library, & walkout. MBR w/ceramic tile, jetted tub. MLS# 503261, $599,750.

Sal Milione, 434.882.4000

STANARDSVILLE

Newly remodeled on 1.64 acres. Great Room & Ea-in kitchen. Vaulted ceiling in MBR, new vinyl windows, & carpet/ vinyl flooring. 360° view of Blue Ridge Mtns. MLS# 480779, $99,000, Sal Milione, 434.882.4000

MILL CREEK SOUTH

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

PREMIER ESTATE HOME

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

434.951.7160

EDNAM FOREST

Near Boars Head Inn & Farmington.

LR w/FP, formal DR, walls of windows, vaulted ceilings & expansive deck. 3 BR/3.5 Baths, 1st flr master. MLS# 495105, $750,000. Anita Dunbar, 981.1421. Barb McMurry, 996.4120

LAKE MONTICELLO

Beautifully updated w/amazing lot. New HVAC, roof, flooring upstairs, & dishwasher! Fenced-in yard. Walk out bsmnt w/storage& extra living space. 3 full BAs & lg MBR. MLS# 496121, $179,900.

Karyn Trumbull, 434.951.7191

434.973.5393 800.793.5393 Charlottesville Westfield

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Montague Miller & Co Realtors We Will Raise Your Expectations of a Real Estate Company

FEATURED PROPERT Y

CHERRY HILL

GRAVES MILL FARM

664 acres. A blend of rolling pasture, hardwood forest, & best views in this area. 3 homes on property, barns, & homesite overlooking a stocked 5 acre lake. MLS#503056, $4,900,000.

Carter Montague, 434.951.7156

NEW PRICE!

ALL BRICK end unit w/granite counters, 3 story bump-out (brkfast rm, MBR/BA, fin. bsmnt w/space for add’l BR) Spacious MA suite w/walk-in closet, sep soaking tub/shower. MLS# 503334, $309,000.

Sasha Farmer, 434.260.1435

®

RUCKERSVILLE

STONEWOOD

One-owner, min. from Cville amenities!

1st FLOOR MBR & LG, LEVEL 1+ AC. LOT-priced to sell! Spacious Kit, w/eat-in area, lg LR w/FP. 2 add’l lg BRs & BA, +lg fin. bsmnt. MLS# 502050, $400,000.

Sasha Farmer, 434.260.1435

PRIVACY IN W. ALBEMARLE

4 BR, 3 Full +2 half BA home nestled on 3+ acres of mature woodlands in Waverly. Bonus room with built-ins, Oak floors, generator backup, & great schools. MLS# 461096. $598,500.

Rives Bailey, 434.227.4446

IN THE CITY

Unique opportunity! Open floorplan, hrdwd flrs. Upscale Kit. LR, DR, office on main level. 4 BRs/2 BAs on 2nd level, incl. HUGE MBR. Walkout bsmnt MLS# 502029, $295,000.

Rives Bailey, 434.227.4446

RUCKERSVILLE

Private view of woods w/deck & creek.

Neutral colors, tiled BAs & hrdwd flrs.

Wood stove, ss appliances. Family rm, full Ba, & utility rm on lower level. Unfin.area for workshop/storage. MLS# 502048, $205,000. Carla Myrtle, 434.962.8913

L A N D O P P O RT U N I T I E S NEW! RUCKERSVILLE

2.18 acres on Fredricksburg Rd, off R 33, 6 mi. from R 29. 10 min.to NGIC/UVA Research Pk. No HOA fees/rd maint. Well in place. Septic field cleared. 212’ fronting R 609 w/culvert pipe installed. Cleared & ready to build. Zoned A-1. MLS# 504032, $140,000. Jamie White, 434.906.3944

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, 434.981.4562

SHENANDOAH CROSSING RESORT

Vacation near home & use the amenities!

Owner financing w/reasonable terms!

Horseback riding, indoor/outdoor pools, fishing lake. Beautiful wooded lot w/paved access.O/A. MLS#502124 Carla Myrtle, 434.962.8913

434.227.4444 866.435.9764 Charlottesville Downtown

NORTHERN ALBEMARLE

14.49 S-P-E-C-T-A-C-U-L-A-R acres in.

Flowing stream & wonderful path in the woods leading to home site. Awesome views of the Blue Ridge Mtns all year around. MLS# 502932, $275,000. Sal Milione, 434.882.4000

GREENE COUNTY

Elevated wooded mtn top nestled in Greene Valley. 3.17 acres. Vacation, camping or residental homesite. Min. to Conway River fishing, Parkway & VA conservation area. Winter views. MLS# 503270, $30,000. Doug Burke, 434.996.6791

GREENE COUNTY

Move-in ready w/surprisingly large interior, 4 beautiful BRs, fully fin. walk out bsmnt, dbl garage, new cabinets & granite counters. Rear deck/side patio. Culde-sac lot. MLS# 502117, $219,500.

Jamie White, 434.906.3944

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

LAKE MONTICELLO

Immaculate 3 BR w/2 car garage.

Vaulted ceilings in LR & DR. Hrdwd flrs on 1st level. Wood burning FP. Jetted tub in MBa. Level yard backs up to common area, 15 x 22 back deck. MLS# 497633, $205,000. Sal Milione, 434.882.4000

WELCOME HOME! All of the work has been done for you. Better than new & meticulously maintained by original owner. Custom Built by local builder for a family member. Many upgrades. Picnic by a fern-lined creek. Ride dirt bikes! Neutral colors, tiled baths, & hardwood floors. Wood stove provides cozy warmth. Stainless appliances. Open floor plan. Family room, full bath, and utility room on lower level. Unfinished area for workshop/storage. Basement plumbed and ready for mother-in-law apartment. MLS# 502048, $205,000. Carla Myrtle, 434.962.8913

CAAR Supports Ballot Question One

Real Estate News

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to Prevent Eminent Domain Abuse

T

By Brad Conner, GRI, ABR, SFR, 2012 CAAR pReSIdent And ASSoCIAte BRokeR At MontAGue MIlleR & CoMpAny

he Charlottesville Area Association of REALTORS® supports the proposed amendment to Virginia’s constitution in order to protect citizens’ property rights. This amendment will constitutionally ensure a citizen’s land cannot be taken and given to another private owner, and that all eminent domain takings are for a true public use.

Property rights form the backbone of not only our community but our nation as a whole. Government takings of property must be limited to true public uses such as roadways, schools or municipal water systems.

As stated in our Code of Public Policy, “CAAR is dedicated to protecting the right of individuals to own real property.”

Question 1 on the November 6th Ballot will read: “Shall Section 11 of

Article I (Bill of Rights) of the Constitution of Virginia be amended (i) to require that eminent domain only be exercised where the property taken or damaged is for public use and, except for utilities or the elimination of a public nuisance, not where the primary use is for private gain, private benefit, private increasing jobs, increasing tax revenue, or economic development; (ii) to define what is included in just compensation for such

taking or damaging of property; and (iii) to prohibit the taking or damaging of more private property than is necessary for the public use?”

Voters will be asked to choose “Yes” or “No.” CAAR does not take changing the Virginia Constitution lightly but neither does the Virginia state code. To qualify for the ballot, any proposed amendment must pass both houses of the General Assembly with an election separating the two votes. If a majority of Virginia voters approve the proposed amendment, then the state constitution will be changed to incorporate the new language.

Legislation has already passed defining “lost profits” and “lost access” per the language in the amendment.

If voters approve the amendment, “Lost profits” and “lost access” will be added as elements in determining just compensation for eminent domain takings beginning Jan. 1, 2013.

We encourage you to VOTE YES ON QUESTION ONE to help protect Virginians from eminent domain abuse.

Tommy Brannock

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

Historic Downtown Office

BHG Real Estate III’s Top Producer for 2011

434-981-1486

NEW LISTING IN KEY WEST

NEW LISTING IN WEST LEIGH

NEW PRICE NEAR MERIWETHER LEWIS

NEW LISTING NEAR FRYS SPRING

Conveniently located, spacious one-level living in solid, well-built brick home. Mature landscaping with plenty of room for entertainment on this corner lot in Key West. Recent remodeling included replacement windows, new Kitchen, some new flooring, security system and new gas furnace. Large 2-car garage plus attic storage. Priced to sell!

Custom-built, one-owner home privately situated within sought-after community of West Leigh. Wonderfully mature grounds, (twice open on Garden Week), feature private Terrace, Pool, Pavilion and undisturbed wooded area. Formal LR and FR, plus yearround Sun Room overlooking back. Unique opportunity!

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 “move-in” ready!

Charming home located on the lovely, sought-after Jefferson Park Circle. Total renovation just completed. Formal LR and DR, Rec Room plus 4 BRs and 4 full Bathrms including an Efficiency with private entrance in Terrace Level. Nice setting with off-street parking. Unique opportunity near UVA’s Medical Center. Won’t Last!

Offered for $289,000

Offered for $525,000 www.WestLeighHome.com

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

Offered for $425,000 www.JeffersonParkCircle.com

www.BollingbrookInKeyWest.com

813 E. Jefferson Street • Office: 434-977-3033 Call Toll Free: 800-277-3033 www.RealestateIII.com • email: tbrannock@realestateiii.com

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Halloween!

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WAyNeSBOrO – COTTAGe CHArMer

www.charlotteramsey.com

3 BR, 2 Full BA, Hdwd Floors, Ceramic Tile Bsmt Storage w/Outside Entrance Oversized City Lot. Mountain Views Easy Access to I-64, Rts 250 & 340 New Roof & Plumbing in 2008 MLS# 503665 $149,000

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

434-296-7171

“Personalized Real Estate Service”

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

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

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BeAGLe GAP rD, GreeNWOOD!

Classic 50’s Brick Rancher Two/Three Spacious Bedrooms Lg Living Room & Eat-in Kitchen, Family Rm w/FP Hardwood Flrs, Freshly Painted Interior Nearly Level Lot. MLS# 503836 $216,500 robertr@charlotteramsey.com

Homeowner or Investment Opportunity 3 BR, 1 Full Bath & 2 Half Baths Living Rm, Dining Rm Full Basement w/Family Rm Fenced Yard. Extensive Decking MLS# 503958 $122,500

rOBerT rAMSey, 434/242-2280

JuLIe HOLBrOOk, 434/989-4415

BeAuTIFuL A-FrAMe HOMe ON NeArLy 4 ACS

CArODON - CONVeNIeNT LOCATION

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

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

JuLIe HOLBrOOk, 434/989-4415

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

177 Village Road This charming 4 BR, 1.5 BA home sits on a very private .81-acre lot convenient to Lovingston and Route 29. Beautiful pine floors and exposed beams. Loft bedroom with new stairway. Redone laundry room/mud room with ceramic tile and extra shower. Tiled baths. Two fenced-in yards; one with a large swing set. There are two equipment/ storage sheds that convey as well. Well-maintained by owners. This is a wonderful home and a great buy! $144,000 388 Turkey Lane Peaceful and private! This wellmaintained 3 BR home is situated on 3 acres and perched above a large neighborhood lake. Ideal vacation home or full time residence with recreational perks, about 30 minutes to Waynesboro and C’ville.

HardiPlank siding, Pella windows, fireplace, hardwood and ceramic flooring, master suite, spacious rooms, wired for security system and generator, deck, covered and screened porch with wood-lined ceilings. $284,900 1562 Afton Mountain Road Fabulous opportunity to own 20+ acres, well under appraised and tax value in Afton, complete with streams & meadows.

Charming 3 BR, 3 BA home featuring tongue and groove walls and ceilings, Pella windows and doors, granite counters in kitchen, rec room in basement, workshop area and large garage. Automatic generator complete with backup outside wood furnace. Add some fencing and bring the horses! Numerous fruit trees and plantings. $349,900

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

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

Looking for a house with value?

A natural gas home sells for 6% more than the average electric home* In a national survey, 71% of homeowners prefer natural gas heating, 72% prefer natural gas water heating, and 75% prefer natural gas for cooking.

This means homes with natural gas appliances generally sell quicker than homes without natural gas appliances.

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

C H A R LO T T E S V I L L E G A S : T U R N YO U R H O U S E I N T O A H O M E

W W W. C H A R L O T T E S V I L L E . O R G / G A S

434.970.3800

CAAR Real Estate Weekly | www.cAAR.com

1434 PLyMOuTH rOAD

BLDG LOT – 4.00+/- ACS Cub Creek Rd, Nelson Co. No HOA & Close to Wintergreen MLS# 499170 $95,000 MArGAreT rAMSey 434/953-7057

* Report on Price Differential of Gas vs.

Electric Homes, Nov. 2010, NAHB

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COuNTry MeADOWS – ruCkerSVILLe

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Of course we also have a ready supply of people moving to the area, but, said McVay, “Often they want to take their time and get to know the area before they buy.” The good news, then, is that there are plenty of prospective tenants for landlords to choose from.

Hock Hockensmith, also with Roy Wheeler Realty, is a commercial property specialist. “It’s always a good idea to invest in real estate,” he said, “but now is an especially good time.

Prices are low, which means there are a lot of good buys out there.”

For example, shopping centers are slowly coming back, Hockensmith said. The weakest tenants have long since moved out, either going out of business or downsizing to situations which require less cash to survive. So while it is a good time to buy, Hockensmith advises that the decline in demand for space means rents are

Charlottesville offers Many opportunities for

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

Real

estate

C

harlottesville has always been popular with real estate investors. The university’s staff, students and faculty are a continuing source of demand for housing, and the natural beauty of the area attracts many who want an amenity rich and scenic place to retire and who need a place to rent, if only until they find a permanent home. This regular influx of population also supports apartments, strip centers and other commercial activity, making these properties attractive to investors as well.

In recent years, however, investing in real estate has been challenging as financing dried up with the de-

InvestoRs

By Celeste M. sMuCker, PhD

pressed market. Similarly, the slow market made it harder for those who wanted to buy, renovate and resell.

Today, there are signs of change.

Some banks are starting to lend again, and investors are taking advantage of foreclosures and trustee sales to find property which they can either rent, or renovate and flip.

Real Estate Still a Good Investment There are many reasons why investors continue to buy real estate. A big one is that while the market shows signs of recovery, prices remain relatively low as do interest rates. “Consequently,” said Anthony McGhee with Assist2Sell – First Rate Realty, Inc., “investors who are buying to hold and lease can enjoy a positive cash flow.”

McGhee cautioned, however, that “the time to take advantage of these market conditions is now,” as he believes that prices may have finally bottomed out. “There are not as many foreclosures and the inventory of homes is shrinking,” he said.

What is the demand for rental properties? Are there prospective tenants in the marketplace? The answer is yes.

“Rents are stable and the number of prospective tenants is increasing,” said Jim McVay, REALTOR® with Roy Wheeler Realty. There are many reasons for this increase in demand, he continued. “There are people in the marketplace with credit issues, some who have lost their homes to foreclosure, and others who can’t manage the down payment required for purchase.”

lower than they once were, and the return on investment less than it was when the market was hot. To minimize your risk, look for properties with strong tenants. Best of all are franchisees who come with a corporate guarantee, Hockensmith said.

He also expressed that there are a lot of former homeowners looking for rental situations, many of whom have been forced to move due to financial difficulties. For this reason Hockensmith believes that apartments are leading the return of a good real estate market.

Robin Amato, with Real Estate III Commercial Properties added that “there have been some drastic reductions in price compared to a few years ago.” She advises that if you have a commercial property to sell, expect

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1011 Linden Avenue Lease Price 9.00/sqft/yr

e. Jefferson st, suite 1 Listing Price: $487,500

442 WestfieLd roAd Listing Price: $995,000

1218 e MArket st #A Lease Price: 11.50/sqft/yr

• Great downtown location for warehouse, manufacturing, auto or truck repair, distrubition center • Two 16’ roll up doors • Some hvac, hugh parking area • This building is in great shape • NNN lease • MLS# 495693

• 3,223 sq. ft. medical office condominium with lots of parking • Redone in 2005 • Aggressively priced below C-ville assessment and offerings of other medical office space • This is an excellent investment opportunity for a physician looking for office space.

• MLS# 489140

• Lease expires end of 2012 • Owner will lease the entire property for $10 SF or will divide into two spaces • The N end of the building is 3,937 SF the S end of the building is 4,537 SF • The rate if per SF if divided is $12 SF • MLS# 495095

• Great space and location

Bill Howard 434.906.1240

ed Brownfield 434.981.0045

sara schroeder 434.981.1284

bill.howard@re3cp.com

ed.brownfield@gmail.com

sara.schroeder@re3cp.com

300 Preston Ave., Ste. 300 Charlottesville, VA 22902

Feature

COMMERCIAL PROPERTIES FOR LEASE OR SALE

• First level office space, open floor plan with a few enclosed offices/conference room and 4 parking • Easy walk to Downtown Mall and access to East of town and I-64

robin Amato 434.981.0767 robin.amato@re3cp.com TheRealEstateLoop.com

434.817.1240

www.re3cp.com

Multiple Investment Properties for Sale Please Visit our New Website at www.TriangleRealtors.net CharlotteSvIlle

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email: phwray@trianglerealtors.net Web: www.trianglerealtors.net

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SleeP Inn hotel, 76 rooMS

Simon Simon Mall/ Mall/ Target Target

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➣ Specializing in the Representation of Investors ➣ Over $175 Million in Transactions Completed Since 2003

CAAR Real Estate Weekly | www.cAAR.com

Triangle Realtors

Feature

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o c t o b e r 2 5 - o c t o b e r 3 1 , 2 0 1 2 | I s s u e 21 - 4 3

to keep your price low to be competitive. “However, the good news is that property is starting to move.

We are seeing little increases in prices but the biggest improvement is that properties are selling more quickly.”

One more reason to buy now.

Financing Your Purchase Investors with a lot of cash will have the easiest time in this market because they don’t have to contend with banks and financing.

However, there is money available for qualifying investors who need a mortgage in order to purchase. Amato explained that in her experience banks are starting to feel more comfortable about making loans again as they recognize that the market is less risky than it once was....and of course interest rates are very low.

Hockensmith agrees that the loan process may be easing a bit stating that today there are loans available whereas a few years ago there was virtually no money at all for investors.

If you plan to buy a property to rent (whether it is a single family home or a strip center), expect to put down at least 25 percent, and (depending on other variables) possibly even more. Entrepreneurs who purchase property to house their business have an advantage in that they

may be able to obtain a small business loan to finance part of their purchase, thereby reducing the amount of cash they need to have.

Patience is definitely a virtue if you want to be a real estate investor. While financing is available, it takes a lot longer to work through all of the paperwork and requirements than it once did. “Where once it might have taken just a month to get loan approval, today it may require two to three months to accomplish the same thing,” Amato said. Banks may be easing some, but they are still leery of getting stuck with a property they have to sell at auction.

McGhee agrees that it is harder to get a mortgage loan today today than in the recent past. The relaxed standards of a few years ago are gone and you need to be prepared to demonstrate good credit and a stable job, he explained. Also, he said, expect to provide tax returns and if your bank account has a recent addition of a lump sum of money, be ready to document where it came from. The lender will be looking for evidence that you have the ability to carry the mortgage, taking into consideration a reasonable vacancy factor. While this process is a bit arduous, McGhee added “it’s where it should be.”

Savvy Investors Make Money

by Renovating and Reselling In the old days when the market was brisk, it was possible to find a deal and make quick money by putting the home back on the market after some renovations and upgrades.

However, the slow market increased the risk that a home would stay on the market for an extended time.

This, plus the scarcity of mortgage money, made it much more challenging to buy, renovate, resell and still make a profit.

Today, however, some investors are once again making good money buying and flipping properties. Many of the homes they purchase are foreclosures and trustee sales, McGhee said. “Often these properties are not in great shape and since the average buyer doesn’t want to rehab a property before they move in, these homes present an opportunity for the right kind of investor.”

While this is not a formula for everyone, the sophisticated investor can do very well with this strategy, McGhee said, who added that to be successful investors need to be “diligent and stay on top of the market.” Many make their purchases with cash so that when they find the right situation they are ready and able to act quickly.

Who are the Investors?

Most of the people who buy investment real estate have a lot of cash. They are people who want to diversify their portfolios and who see the benefits of real estate compared to other types of investments. “We see a lot of professionals such as attorneys or doctors,” McGhee said.

“We’re seeing a different kind of investor today than in the past,” Amato said in reference to commercial real estate.. She explained that it used to be that investors were people with lots of disposable income who felt comfortable with real estate as an investment. Today these same people may not view it as quite as safe a place to put their money. Instead the investors are more likely to be people with a good long track record in investment real estate.

First time investors may have an easier time getting started if they choose residential property. A good option is to make offers on foreclosures, McVay advised. Negotiating a good price assures a good positive cash flow, and if the investor holds it long enough, this initial discount increases their chances for some nice appreciation.

Meanwhile the tenants pay down the mortgage allowing the owner to build equity that way as well.

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

Welcome to Willow Lake View

Eleven Single Family Home Sites $795,000 Waterfront living located just a mile from the City of Charlottesville, two miles from the Downtown Mall and five miles from UVA and the new Martha Jefferson Hospital.

Final plat included with purchase and accompanying engineering work includes a site plan, topographical survey and grading plan.

All lots have state road frontage with public water and sewer hookups easily accessed. MLS# 497003

Janet Matthews 434.960.5182 janet@charlottesvilletownandcountryhomes.com

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Maclin Building

Very unique two story office on the first floor of the Maclin Building. Private office, storage, and kitchenette on second level with two private offices, conference area/reception area, storage, and full bath with shower on first level. First level also has roughed in 1/2 bath. This is a one of a kind office. Work in the office, take an execise break, shower and return to work.

MLS#498048, $225,000

Commercial Listings 1214 MONTICELLO ROaD

Numerous uses for this building.

Property zoned M-1. Property zoning allows for redevelopment.

Multifamily, 85’ height Office space, workshop, storage, warehouse.

Feature

SUITE 104B

City limits easy access to I 64 and Downtown.

MLS# 501663 $230,000

pEpsI pLaCE 29 NORTH, office suite on the second floor with large windows Built in work space, elevator Ample parking, easy-to-findlocation, just 1 block off RT.29N next to the Senior Center.

MLS# 484488 $15.00/sqft

1758 WORTH paRK

North, easy access to RT 29, minutes from CHO airport and NGIC. First floor office space, nicely design, 2 handicap bathrooms, 8 offices, work/storage room, kitchen, reception, lobby and parking.

Located in the Forest Lakes Office Park..

MLS# 502600 $17.00/sqft

SUITE 201B Maclin Building

Professional office condo one block from downtown Mall. Eight rooms with Brazillan hardwood floors in five rooms and carpet in three. Built in shelving in four rooms.

Furnished. Rented until 12/31/2013. Current rent received 1638 dollars per month. MLS#494926 $270,000

AMPLIFIED REALTY

“Where People HEAR About The Best Real Estate”

Lawrence Howard

Located in SouthSide Shopping Center in fast growing southern Albemarle. Space faces Avon Street Extended. Great location to start and /or open a business, shop, restaurant, office, drug store, ice cream shop etc. MLS# 491765 $24.50/sqft

ROBIN AMATO 434.981.0767

CAAR Real Estate Weekly | www.cAAR.com

MILL CREEK DRIvE

Feature

18

o c t o b e r 2 5 - o c t o b e r 3 1 , 2 0 1 2 | I s s u e 21 - 4 3 This historical 2 BR. home dating Cr. 1850, known as “Liberty Meeting House” and later as “Mountain Cove Baptist Church”, was the only place of worship in the Lovingston area at that time. Perfect for those who appreciate timeless and exceptionally gracious surroundings with high ceilings, pine floors, large double-hung windows w/stained glass panels and a bell which hangs from its rafters in the tower. Hugh oaks with perennial ground coverings surround the home located on a paved secondary road.

1354 STEVENS COVE ROaD | $ 1 2 9 , 5 0 0 | MLS#503464 $5000 TOWaRD BUYER’S CLOSING COSTS W/aCCEPTaBLE OFFER! Hidden down a long driveway with paved state road frontage, this custom-built, 2006 home with 15.66 Open & Wooded ac. is surrounded by Mountain Views. Meticulous-maintained with features of Stainless Steel appliances, Custom Cabinetry, Jotul Swedish Wood Stove, Heat Pump, & Workshop. Level to Rolling land with stream perfect for animals or just to enjoy. Convenient to US 29 & Lynchburg.

8485 LaUREL ROaD | $214,900 | MLS #495154

Carole Saunders, GRI

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

434.981.3089 (cell) • 434.263.4976 (home) 800.422.6698 (Toll Free) • carolevar@aol.com www.CaroleSaundersRealEstate.com

McVay added that when looking for possible investment opportunities it helps to work with a REALTOR® who is familiar with the market. The REALTOR® can search for homes that have been withdrawn from the market in the last several months and contact the seller’s agent to see if the owners rented the property rather than let it sit empty. If so they may be a good prospect for selling to an investor who has the advantage of buying a home that already has a tenant.

Property Management Property management requires experience and expertise, which many investors neither possess, nor have time for. Bill Howard, a REALTOR® with Real Estate III Commercial Properties, does some property management as part of his job. He explained that many investors with money, such as doctors, lawyers, CEOs and CFOs, do better focusing on what they do best and letting a professional manage their property for them.

Many of the management companies have their own crews on payroll who can do repairs and upkeep for a lot less than an individual would have to pay if they hired contractors. And there is a lot of upkeep, especially on larger

properties, everything from solving ongoing maintenance issues, such as wood rot and faulty plumbing, to maintenance such as landscaping, or snow removal. Managers may also play a role in such activities as policing the parking lots.

Another management job is keeping properties leased. This can involve screening prospective tenants, checking their credit, assuring compliance with regulations regarding deposits, and enforcing the provisions of the lease. Howard explained that many property owners rely on a REALTOR® to do this part of the job, as well as to assume responsibility for ongoing maintenance.

Of course there are exceptions. Investors who are mechanically inclined and who have sufficient time may enjoy maintaining a small number of properties on their own. Similarly, an investor with a lot of experience, who is possibly also a REALTOR®, may choose to manage their own properties.

Celeste Smucker is a writer, editor and author of Sold on Me, Daily Inspiration for Real Estate Agents. She lives near Charlottesville.

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staunton

Your Life. Your Home. Your Closing.

Just named at TOP city to live in...

Buying or selling property is the

most significant financial transaction that most people undertake in their lifetime. It is an exciting time, although the process may seem confusing and intimidating. If you’re not happy with our settlement services, we will refund your settlement fee – guaranteed.

It’s our promise to you.

1421 Dogwood Road • Your chance to own a designers home! Currently featured in Better Homes & Gardens magazine for bathroom design!

338 West Rio Road Charlottesville, VA 22901 Tel 434.979.7799 Fax 434.979.8819

• Stately brick home on a large shady lot loaded with outdoor spaces! • Over 4200 sq ft including a 900 sq ft sunroom! Simply amazing home!

Call for your personal tour!

Charity Cox

Visit our NEW website today and obtain a quote for your closing

$749,900

540-294-5682 www.homesweethome4u.net

www.courtsquaretitle.com

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CAAR Real Estate Weekly | www.cAAR.com

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o c t o b e r 2 5 - o c t o b e r 3 1 , 2 0 1 2 | I s s u e 21 - 4 3

A Virginia Tradition Since 1927

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

Email: homes@roywheeler.com

ALBEMARLE COUNTY land with just under 13.5 acres. Take a walk through the woods and discover your new home site. Priced below assessment. No HOA or restrictions. More acreage available. $114,000. MatthewWoodsonProperties. com 960-5187. (503380)

VALUE PRICED corner lot in beautiful Spring Creek! Buy and build or we have a custom builder ready to buy the lot for you. Come on out and experience the new premier golf course community in the area! $47,990. Maury Atkins 540223-2719. (503872)

SWEET COUNTRY COTTAGE. Very private and quiet area. This is a home from Better Living.

Recently painted on the outside, new wood flooring in the LR, new carpeting in all bedrooms and new roof in 2005. Full basement is large enough for an apartment. Beautiful landscaping, almost 3 acres. This is an extraordinary price! $150,000.

Kay Sands 825-6129. (497025)

SOPHISTICATED URBAN RETREAT in the heart of Downtown. Top floor, 2 bedrooms, 2 baths, open layout. Bamboo floors, great storage, on-site parking. Easy walk to Historic Mall, steps to fine dining and summer entertainment. Priced well below assessment at $324,900. Alex Ix 951-5177/962-0509.

(501585)

INDIAN SPRINGS. Private with water views; just over 4 acre wooded building site with many beautiful tall hardwoods; 53 lot neighborhood in Earlysville, 20 +/- minutes from Charlottesville; drilled well with great flow rate; 100 ft. common area around lake; HOA includes Clubhouse & fishing. $225,000.

Byrd@ByrdAbbott.com 242-9600. (492605)

A CUTE AND WELL-MAINTAINED HOME in the country on 10 acres! This 3 bedroom ranch home is in great shape inside & out with a separate art studio, huge storage shed and machine shed (tractor and bush hog sold separately). Good open field area if you need space for horses. Close to Zion Crossroads! $239,500. Maury Atkins 540223-2719. (502618)

BUILDING PARCEL AT KESWICK. A wonderful building lot of 4.2 +/- acres with water frontage on idyllic pond. Beautiful hardwoods. New road, well, survey, soil work. Bring the builder of your choice to build your dream home! Subject Lot #2 is part of a five lot subdivision in the heart of Keswick. $159,000. JimBonner.com 951-5102. jim@jimbonner.com (444215)

TRANQUIL. Spectacular Blue Ridge Mountain views from every room in this lovely light-filled home. Set on a knoll with 8.5 acres of gently rolling land, the home’s open floor plan with a first floor master lends itself to one level living. The deck, screenedin porch and pool offer indoor/outdoor entertaining spaces. $885,000. Frank Quayle, 951-5100. www.

FJQiii@aol.com (498263)

12 ACRES between the Hunt Country Corner and Free Union. Location is the key! A delightful mix of rolling pasture (2 acres) and virgin hardwood forest (9+ acres) just minutes from town with pastoral views and privacy. $399,000. Tucker Reback 996-4375/951-5128. (493636)

HUNTING PROPERTY of over 32 acres with 1300 feet of water frontage. 4 wheeler trails, pasture land, man cave and (2) 3000 square foot buildings. So many possibilities!

The river is suitable for fishing and canoeing.

Must see! $169,999. susanstewart76@gmail. com Susan Stewart 242-3550. (492100)

MOUNTAIN TOP RETREAT on 11 acres with spectacular views. Perfect getaway home high atop Calf Mountain in a gated community of 4 large properties. Features 2 large decks, one a 2nd story perch off loft bedroom w/commanding views. Soaring stone fireplace plus a window-filled sunroom w/woodstove. $289,500. John Updike 951-5174/242-7711.

(493226)

VIEWS OF MOUNTAINS, farmland and pond are visible from this home. Many upgrades have been added to this 2 bedroom, 2 bath home.

Wonderful outdoor areas can be enjoyed from the covered front porch and the rear patio with fireplace. And so close to shopping. $269,000 MatthewWoodsonProperties.com 960-5187.

(498618)

R P ED R U ICE C ED !

NEAR THE UNIVERSITY. A rare find, this nearly new home in an old established neighborhood, architect-designed and custom built, offers a first floor master suite, a graciously open floor, plenty of storage, hardwood and tile floors throughout, a one-car garage, in a quiet area great for joggers and walkers. $750,000.

Joan Jay 295-1806/906-1806. (503690)

www.RoyWheeler.com

nt ro rf ve ri EDGEWOOD c. 1799. Private Blue Ridge vistas and long frontage on the Conway River in Greene County make this 123 acre property infinitely enjoyable. The 5000 square foot home has been completely and tastefully renovated and restored, as have the grounds and gardens. $1,695,000. JimBonner.com 9515102. jim@jimbonner.com (497522)

in su la it w e

CAAR Real Estate Weekly | celebrating 20 years 1992-2012

HIGHLANDS. 3 bedroom (or potential 4BR) manor home with a study/home office & bonus room.

2000+ fsf, plus garage & large storage area. 1st floor master, finished bonus room with skylights. Large yard, mature trees & backs up to common area. Close to amenities in Crozet-Harris Teeter, restaurants, park, pools, lake, golf & more. $229,000. Andrea Yancey, 434-962-5611. (502575)

LAKE MONTICELLO! Perfect for combining families or a teen suite! Basement has separate entrance, patio and 1 or 2 bedrooms.

Nicely landscaped yard has 2 Koi ponds. Lots of improvements, too! Come see for yourself! $204,900. susanstewart76@gmail.com Susan Stewart 434-242-3550. (500305)

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

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I s s u e 21 - 4 3 | o c t o b e r 2 5 - o c t o b e r 3 1 , 2 0 1 2

A Virginia Tradition Since 1927

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

AFFORDABLE BUILDING LOT nestled against the foothills of the Blue Ridge Mountains. This 1.22 acre parcel in a lake community is awaiting your new home ideas. $15,000. MatthewWoodsonProperties.com 960-5187. (501759)

GORDONSVILLE. This level 2 acre lot, offering privacy among large hardwoods, awaits your new home ideas. Lot is accessed by an established and shared private road for 4 lot subdivision.

Located just outside the town of Gordonsville and convenient to Charlottesville or Town of Orange. $59,000. MatthewWoodsonProperties.com 9605187. (494958)

WATERFRONT LOT with views of lake.

Picture your new home on one of the few remaining lakefront lots in Greene Acres. The property has been perked for an engineered septic system. $29,000.

MatthewWoodsonProperties.com 9605187. (496994)

LARGE WOODED LOT with the potential for outstanding Blue Ridge Mountain views from an elevated house site in a lake community. 3 bedroom, conventional perk on file with the health department. Community beach access. $18,900. MatthewWoodsonProperties. com 960-5187. (501760)

BEAUTY, STYLE AND COMFORT is the only way to describe this home. Formal rooms, family room, screened porch, large terrace, 4BR/4.5BA, fenced yard; and just some of the special features are 2 gas fireplaces, 2 central vacs, whole house generator; the list goes on and on. $579,000.

MatthewWoodsonProperties.com 960-5187.

(498513)

10 MINUTES TO NGIC! Colonial in Preddy Creek! Move-in ready, bright and spacious with amazing features including 4BR/3.5BA, great room with gas FP and surround sound, formal dining room and chef’s eat-in kitchen! Finished walk-out basement with bedroom, full bath and family/play room. Fenced yard and playground! $314,900. Sharon Wood, 242-6847. (502581)

ASPEN RIDGE. Situated on 21 private acres you find this spectacular 4800 square foot residence with natural light cascading through every room.

Attention to detail is shown throughout. One of the nicest residences in terms of quality and features for a great price of $1,295,000. Steve White, 951-5112 and Jim Bonner, 951-5102. (498880)

ONE LEVEL LIVING - nice level lot. Open floor plan with shed. Nice subdivision, close by shopping and restaurants. House on a quiet culde-sac. From town of Orange go 15S (towards Gordonsville) turn left on Blacklevel Road then left on Cox Mill Rd then right on Wolftrap Court.

House on the Left. $123,500. Jan Shiflett, 2426057. (497636)

JUST MINUTES from Stanardsville and Ruckersville and close to the Albemarle County line, this 13.82 acres slopes gently to a bold stream along it’s south/southwestern border. All wooded, this private and secluded parcel is surrounded by rural woodland with not another house in sight. $103,500. Tucker Reback 996-4375/951-5128.

(489286)

BEAUTIFUL PIECE OF LAND adjacent to lovely farmettes in desirable Gordonsville.

Come build your dream home and enjoy the privacy that almost 30 acres affords you! Land has perc’d for 4+ bedroom home. $119,900. www.DeniseRamey.com Denise Ramey 434960-4333. (476065)

MOUNTAIN VIEW LOT - located in a quiet, upscale Western Albemarle neighborhood. This elevated, level and open 3.44 acre lot offers very fine views of the Blue Ridge Mountains, yet is close to schools, I-64 and shopping. $299,900. Mike Peters 9515119/981-3995. (500513)

BIRNAM WOOD is a townhome community set amongst mature oaks and pines, offering a quiet setting with a natural, woodsy feel. This well-cared for home has been updated with new HVAC, water heater, carpet and fixtures throughout. Central to Rt. 29, the Shops at Stonefield, NGIC and UVa, you can’t beat the convenience. $219,900. Lance Hoover, 989-4187. (500239)

THIS RIVANNA RIVER FRONT PROPERTY has 907 feet on the river with a 90 foot bluff. There is 276 feet of road frontage on Broken Island Road.

There is a pretty building site overlooking the river valley. This large lot affords you much privacy with special views. $219,900. Bonnie & Joe Field - The Field Team, 589-2611. (500965)

PRICE REDUCED, SELLER MOTIVATED! Home is move-in ready with beautiful landscaping and immaculate interior. This home has only had one owner, the love & care is obvious. Original home was born in 1964, beautiful addition was added in 1993. $249,900. www.TammiCampbell. com 985-2348/882-5403. (475885)

s reign du if ctica io nt n

VIEW THE SOUTHWEST MOUNTAINS from the covered porch, stroll through the landscaped yard, or sit in the gazebo. This home has a unique, open floor plan with hardwood flooring, 4 bedrooms, 3.5 baths, finished basement, 2 car garage and bonus room with exit to driveway. $314,000. MatthewWoodsonProperties.com 9605187. (497873)

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

WHITE HORSE FARM. The ultimate sportsman’s estate on 279 acres in Albemarle County.

Grand manor home c. 1780, gardens, ponds, board fenced pastures, riding arena, 6 stall center aisle barn, indoor basketball, batting cage, gym and miles of private, groomed trails. In excellent condition. $3,095,000. JimBonner.com 951-5102. jim@jimbonner.com (498902)

CAAR Real Estate Weekly | www.cAAR.com

Email: homes@roywheeler.com

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Bamboo

Cork

If you’re worried that the demand for bamboo flooring is taking food out of the mouths of pandas, never fear! Of the more than a thousand varieties of bamboo, only a few are used for flooring, and happily, they’re not the ones that pandas eat.

Bamboo has the look, feel and durability of wood. It is a rapidly renewable resource that can be harvested in four to six years (compared with decades for most trees used for wood floors).

Bamboo is available with three distinct patterns: horizontal (or flat) grain, vertical grain, and strand (or woven). It’s available in two shades: natural (blond) and a caramel achieved by steaming the bamboo before drying it. Strand bamboo is harder than horizontal or vertical grain. The caramel-colored material

Eco-friendly

Flooring CAAR Real Estate Weekly | celebrating 20 years 1992-2012

By Joanne DiMaggio

If you’re thinking of replacing your flooring and you want to “go green,” here are a few tips on what to look for in eco-friendly flooring.

Linoleum I don’t know if you’re like me, but the moment I hear the word “linoleum” I think of my grandmother’s kitchen! When it comes to ecofriendly flooring, linoleum may not come to mind because most people think of vinyl flooring when they hear the word “linoleum.” Environmentally speaking, the two couldn’t be further apart.

Vinyl flooring is a petrochemicalbased product while linoleum is made from renewable, biodegradable materials including linseed oil and cork and produces no harmful vapors.

Linoleum comes in dozens of patterns and colors. It is cushioned, so it’s comfortable to walk on, and it stands up well to traffic. It is durable, easy to keep clean, and biodegradable. It also has antibacterial properties, which makes it popular for healthcare facilities.

Cork Cork is a sustainable flooring product. Originally made from scrap

left over from wine-cork manufacturing, today many floors are now made with cork harvested specifically for flooring. It comes from the outer bark of the cork oak, a tree indigenous to Spain and Portugal. Workers strip off the outer bark, which grows back and can be harvested again in about ten years. Harvesting practices are carefully regulated to ensure future supplies, reducing environmental impact.

Cork is made in 12x12-inch tiles and 1x3-foot planks, each with a distinctive grain pattern. It comes in shades of brown, as well as other colors and patterns. The surface is slightly textured and slip-resistant.

Cork is resilient and slightly soft underfoot, which makes the flooring comfortable to stand on and easy on dropped dishes. But it can be dented, especially if you have heavy furniture or walk over it in stiletto heels. It is fire- and stain-resistant and has the ability to absorb sound, but it can fade if exposed to direct sunlight.

While it doesn’t soak up moisture, that doesn’t mean it’s not impervious to water so it may not be the best option for your bathroom.

is nontoxic and easy to clean if the grout is sealed. If a tile ever cracks, it can be chiseled out and replaced. Just be sure to buy extra tiles initially to make replacement easy.

Concrete floors are no longer associated exclusively for industrial buildings. Today they’re in the most stylish of homes. The concrete can be colored, stained or patterned for a one-of-a-kind look. The finished floors are durable, easy to clean, and compatible with radiant floor heating systems and passive solar design.

However, concrete is prone to cracking so if you can’t live with cracks, then concrete isn’t for you.

Stone floors are natural, but they pose an environmental problem.

Digging stone out of the earth can damage wildlife habitat and mar landscapes. While the stone for floors is minimally processed, it’s a heavy and bulky material that takes a lot of energy to transport. On the flip side, however, they can last for generations.

Traditionally a mix of marble or other stone in a matrix of concrete, terrazzo is making a comeback because of increased interest in recycled materials. A few companies have started making floors with a high percentage of recycled glass set in concrete or epoxy.

Wood Have you ever watched a House Hunters show where prospective

Bamboo in either horizontal or vertical grain is a bit softer than the natural color, so it may not be as appropriate for high-traffic areas like entry halls or kitchens.

Concrete, Stone, Terrazzo, and Tile Ceramic and porcelain tile are made primarily from clay, an abundant although nonrenewable natural resource. The manufacturing process may be energy intensive, but the tile

buyers look under the carpet to see if there are wood floors below? If you have an older home, chances are there are wooden floors just waiting to be sanded and refinished. If not, consider using wood salvaged from old buildings or old factories and barns.

Or consider virgin wood, which can be either solid or “engineered,” with a hardwood veneer glued down over plywood or fiberboard.

23

I s s u e 21 - 4 3 | o c t o b e r 2 5 - o c t o b e r 3 1 , 2 0 1 2

Home

SaleS S t a t S FOr the week eNdiNG 10-12-12

There were

29 sales

4(%

!$6%24)3).'

Beth Wood ADS CAAR COM

1622 CeNter aveNue CITy of ChARLoTTESVILLE $215,000 $150 per fin. square foot on market for 48 days

Lindsay Bowerman SALESSUPPORT CAAR COM

in the seven-county area.

• eight were in albemarle with an average price of

%$)4/2)!, #//2$).!4/2 Joanne DiMaggio EDITORREW GMAIL COM

$272,975

• Five were in

Charlottesville with an average price of $254,700

• Five were in Fluvanna with an average price of

$283,477

Staff:

687 Parker MOuNtaiN rd STANARDSVILLE | gREENE CouNTy $460,000 $190 per fin. square foot on market for 70 days

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

• Four were in Greene with an average price of

$279,625

CAAR

price of $130,000

• One was in Madison with a price of $150,000

• One was in Nelson with a price of $328,000

• Four were in Orange with an average price of

$139,750

4

8

240

5

Charlottesville

6

29 20

33

Orange 15

Gordonsville

Scottsville

Louisa

22

33 53

20

6

1

15

231

250

29

1

Greene

Crozet

151

Nelson

33

Albemarle 64

4

Madison

15

64

Fluvanna 6

250

5

1

Sample

Sales:

11 washiNGtON CirCle MADISoN CouNTy $150,000 $70 per fin. square foot on market for 336 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

2145 Fray rOad ADVANCE MILLS | ALbEMARLE CouNTy $224,000 $133 per fin. square foot on market for 408 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

The REAL ESTATE WEEKLY is published weekly by the CAAR Real Estate Weekly, Inc., a wholly owned subsidiary of the Charlottesville Area Association of RealtoRsÂŽ, Inc. Copyright All rights reserved. Reproduction in whole or in part without permission of the publisher is strictly prohibited.

All advertising published in the REAL ESTATE WEEKLY is believed to be truthful and accurate. No advertising will be published in the Real Estate Weekly if it is known to be inaccurate or untruthful, but this publication does not warrant, nor is it liable for, the accuracy or truthfulness of the advertising placed within this publication. Neither the CAAR Real Estate Weekly, Inc., nor its corporate parent, the Charlottesville Area Association of RealtoRsÂŽ, Inc., assume any responsibility and shall have no liability whatsoever for errors, including without limitation, typographical errors or omissions in the REAL ESTATE WEEKLY. Any reference made to the CAAR Real Estate Weekly, Inc. or the Charlottesville Area Association of RealtoRsÂŽ, Inc. is not to be construed as making any representation, warranty, or guarantee by the corporations concerning the information on properties advertised in the REAL ESTATE WEEKLY. The content of all ads contained herein are solely the responsibility of the advertiser. The opinions and statements contained in advertising or elsewhere in this publication are those of the authors of such opinions and are not necessarily those of the CAAR Real Estate Weekly, Inc., or the Charlottesville Area Association of RealtoRsÂŽ. the CAAR Real Estate Weekly, Inc. reserves the right to edit or refuse any advertising it deems inappropriate or misleading. No advertising will be published in the Real Estate Weekly if it is known to be inaccurate or untruthful. Every effort has been made to assure accuracy, but this publication does not warrant, nor is it liable for the advertising placed within this publication. This publication will not accept advertising that refers to or attempts to establish fees or rates of commissions charged for services rendered.

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

All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise “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.� Virginia Fair Housing Law also makes it illegal to discriminate because of elderliness (age 55 and over).

We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

CAAR Real Estate Weekly )S PRINTED ON RECYCLED PAPER

308 E. East Main Street • Charlottesville, VA 22902 Tel.: 434-817-9330 • FAX: 434-817-2714 e-mail: ads@caar.com Send your news and/or press releases to editorrew@gmail.com

CAAR Real Estate Weekly | www.cAAR.com

• One was in louisa with a

44 Bucksaw Lane Lovely, wooded lot with seasonal views and interesting rock formations. Located at the end of a quiet cul-de-sac near Chestnut Park and Pool. Building plans available upon request. $69,000. Call Rod Phillips 434-9876399 rcventures@embarqmail.com (484231)

S C ki o o n u d t o

d at ed u P

2113 Fairway Woods

First level walk out to the ski slopes! Great location on the mountain – near Mountain Inn, restaurants, shops and festivals.

Very clean and well maintained. All new windows and fireplace. Perfect mountain retreat. $199,000. Rod Phillips 434-9876399 (493992)

2113 & 2110 are both upgraded, Golf front properties (18th fairway) with neighboring patios. Perfect for friends or multi-generational families. 2113 has upgraded Kitchen & baths, and newer appliances, flooring & furniture.

Fully furnished. Motivated sellers! Contact Dawn at 800-417-1890, Dawn.Perusse@mris. com (MLS 499210) $128K.

a ll Vi lf o G

145 Rosewood Dr ~ Stoney Creek

335 Dobie Wonderful 2 bedroom/2 bath Dobie. New flooring throughout including hardwoods through the main living area, new fireplace, updated bathrooms, new AC unit.

Walk to dining and shopping. An outstanding value!

Summer festivals, fireworks, performing arts, fall foliage and of course, ski in/ski out! This is the prime location on the mountain. It has it all. Sold fully furnished with some exclusions. $199,000. Call Rod Phillips 434-9876399. (501776)

a V ma ie z w in S G !

e $ du 4 C 0 e k d

New Price! Model Golf Villa with 1st floor master, 3 bedrooms, and 3 full baths. Superb quality, ready for occupancy. RoseWood Village is a 55+ maintenance free community located in the valley of Wintergreen’s Stoney Creek.

Indulge in Wintergreen’s amenities plus those of Charlottesville & UVA. Start living today! $400,000. Contact Brian Chase 434-296-9860 (458400)

r

ew S! Vi lf Go

Only $99,999 for a furnished one bedroom condo in the Mountain Inn! Walk to slopes and village shops and restaurants, or use as an investment rental. Has full bath and kitchenette. overlooks courtyard. Ground level, minimal steps. Priced below recent sales. Listed by Steve Marianella, 434-5661293,smsales1@aol.com. (498517)

C S r t e o e n k e l y o t

193 Mountain Inn

One of the best golf views at Wintergreen!

This 4 bedroom post and beam vacation home overlooks Devils Knob holes 7,8 and 9. Nice hardwood floors, custom windows and wood burning floor to ceiling stone fireplace highlight this gem. Level paved driveway. Only $399,000, call Steve Marianella at 434-566-1293 or smsales1@aol.com. (495116)

P & r V iVa a l C u y e

326 Laurel Springs Drive

346 Dobie

472 Cedar Meadow Drive Exceptional home on beautifully landscaped double lot; breath-taking great room features stone wood-burning fireplace extending to top of 15 foot wood-paneled ceiling, large casement windows and built-in bookcases, overlooked by balcony; family room features gas fireplace with soapstone hearth; enjoy outdoor living with screened porch, extensive deck and lovely yard with fish pond and waterfall; other features include greenhouse, sun room, stone chimney and stone pillars on front porch. $599,000 Call Joan Mummery (434) 531-5033. (489183)

C S o k n i d o

380 Cedar Drive Compare this luxury mountain home to any other - incredible value! Home on 1 acre adjoining National Forest. Gourmet kitchen, hardwoods, master bath with granite double vanity, 3 fireplaces (2 gas/1 wood), superb mountain views, 5 bedrooms, 6 baths, 2 car garage, extensive decks. Reduced to $795,000!

Contact Brian Chase www.goWintergreen.com 434-296-9860 (483491)

!

24 Barn Owl Lane Rare opportunity to purchase a water-front, Lake Monocan lot. Priced to sell, this special lot offers 85’ of lake frontage, long water views, intimate views of Monocan’s par 3 hole number 5 tee boxes and green that plays across the lake. Plus, expansive mountain vistas. $179,000. Listed by Brian Chase www.goWintergreen.com 434-2969860 (499200)

Cu St St one omy C r H o eek m e

m o l un o ta t i ! n

w at l erf o r t on ! t

3 V B ie r ww S / !

io u S Pa C

1925 High Ridge Place Panoramic views from this furnished 3 bedroom, 3 full bath end unit condo! Ready to enjoy the fall colors or the upcoming ski season at Wintergreen.

This condo complex has elevators and recent exterior renovations. Family room has wood burning fireplace, large wraparound deck, full kitchen. $450,000. Call Steve Marianella 434-566-1293.

(503945)

L u S x t u e r a y L

S

4 Ivy Glen Beautifully decorated, 1350sf, 2BR/2.5BA End Unit TH for $210,000! New roof, windows, central HVAC, water heater, washer/dryer & deck expansion. Windows on 3 sides. On shuttle route. Furnished. Contact Dawn at 800-417-1890, Dawn.Perusse@mris.com (MLS 503650)

342 Foothills Drive ~ Stoney Creek

10 Mulligan Lane – Stoney Creek

25 Devils Bend

618 Devils Knob Loop

Lovely 1 level home offers many custom features.

Private 2.5 acre wooded lot yet still just 2 minutes from golf, tennis, fitness, dining options. Indulge in warm oak flooring throughout, light filled rooms, mature landscaping, covered porch. Escape to the finished & heated artist studio above garage. $275,000. Contact Brian Chase www. goWintergreen.com 434-296-9860 (501456)

Unique double lot offers ability to build unattached single home in 55+ RoseWood Village community. Property carries WPI; near shopping and all Stoney Creek amenities; also has views of mountains and golf course. $99,990 call Joan Mummery 434-361-9402 (496472)

Charming 3 bedroom 2 bathroom mountain cabin for only $329,900. This like new furnished home has hardi plank siding, hardwood floors in living area,and stainless appliances in kitchen. Wood ceiling and stone fireplace in family room give a great chalet atmosphere.

High efficiency heat pump, great location within short walk to Spa and golf. Free shuttle bus stop only steps away from front door. Listed by Steve Marianella 434566-1293 ,smsales1@aol.com (496221)

Spectacular home & breathtaking views! Spacious home has soaring stone fireplace, hardwood floors & walls of windows to enjoy views. Open floor plan, private bedroom suites & huge back decks - easily room for two families + more. Kitchen & Master Bath recently upgraded to perfection. Hard to find 2car garage & paved driveway. Unforgettable sunsets over endless mountains. Amazing value for the best views in Wintergreen. $ 597,000. Call Rod Phillips 434-987-6399. (495574)

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