Real Estate Weekly 03.07.13 by The Real Estate Weekly

WWW.CAAR.COM

VOL. 22 NO. 10 n MARCH 7 – MARCH 13, 2013

A PUBLICATION OF THE CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS®

FREE

A PUBLICATION OF THE CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS® Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange, Staunton, Waynesboro

Farms&Estates The Pros & Cons of a Reverse Mortgage

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

Over 55? Live Someplace Awesome. Say goodbye to all the hassles of home maintenance, and say hello to: • The area’s largest, best-appointed apartments for adults 55+, many with balconies. • A fitness center, game room, inviting common areas and a place for gardening.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

• Professional staff with an activities director and scheduled transportation service.

Learn more about The Independence at a special presentation: Thursday, March 21, at 1 p.m. Refreshments and community tours will be offered

RSVP today or call to schedule your personal tour. 434-227-4360

TheIndependenceCville.com | 350 Portico Way, Charlottesville, VA 22911

3026 BEAU MONT FARM RD Western Albemarle County

NEW!

2525 RIDGE ROAD

2135 BALLARD RIDGE DRIVE

4 BR, 3.5 Baths, 3384 Fin/652 Unf, 13.37 Acs

3 BR, 3.1 Baths, 4519 Fin/845 Unf, 43.43 Acres

Multi-level Contemporary on private setting w/fenced rolling pastures & forests! Main house offers 2-story family room & master suite. Large rec room. Guest cottage w/2 BR, open flr plan. In-ground pool, out bldgs & division rights. MLS# 506783 • $1,100,000

Private property surrounded by rolling pastures & mature hardwoods w/breathtaking views, lake & tennis court. Gracious living, detailed custom moldings & built-ins, and stunning master suite w/study. Massive finished attic. MLS# 507099 • $2,000,000

W Albemarle County, Fox Knoll Farm

Western Albemarle County

4 BR/2.5 Baths, 3006 Fin/477 Unf, 2.18 Acs Lovely Colonial on private wooded setting. Family rm w/vaulted ceiling , skylight, FP & wet bar. Eat-in kitchen has high-end appliances. 2nd floor BRs. Wide back deck overlooks backyard & garden shed. 2-car garage. MLS# 507155 • $545,000

www.LenMailloux.com/507115

www.LenMailloux.com/506783

625 WORTHINGTON DR #201

3660 PERTHSHIRE COURT

Ednam Condo, W Albemarle County

www.LenMailloux.com/507099

8677 BATESVILLE ROAD

Glenmore, Albemarle County

Sunnyfields, W Albemarle County

3 BR, 2.5 Baths, 2803 Fin Sq Ft

6 BR, 6.5 Baths, 7809 Fin/1416 Unf Sq Ft

4 BR, 3.5 Baths, 3684 F/648 Unf Sq Ft, 21.12 Acres

Highly desired area near UVa offers 1-level living w/mtn views! Flexible floor plan w/polished parquet floors with spacious rooms, eat-in kitchen, master BR w/den, dressing room & walk-in closet. Secure entry & enclosed garage. MLS# 500492 • $725,000

Exceptional home on 2 Acs w/pond offers 2-story great rm, library, eat-in kitchen w/breakfast nook & family rm. 1st flr in-law suite & deluxe master. Terrace office/media, exercise/sauna, rec/billiard rms & indoor resistance pool. MLS# 501890 • $999,000

Custom-built home amid rolling pastures, breathtaking mtn views & lush landscaping! Offers 1st flr master BR, spacious LR & DR w/built-ins, kitchen w/breakfast rm & desk area, family room w/kitchenette & woodstove. Detached office. MLS# 506621 • $1,050,000

www.LenMailloux.com/500492

www.LenMailloux.com/501890

www.LenMailloux.com/506621

UNDER CONTRACT

4813 HIGHLANDS PLACE

W Albemarle County 4 BR, 2.5 Baths, 2440 Fin/528 Unf, 0.66 Acs MLS# 504617 • $379,000 www.LenMailloux.com/504617

2819 LONESOME MTN ROAD N Albemarle County 5 BR, 4 Baths, 6049 Fin/2219 Unf, 5.54 Acs MLS# 488459 • $1,295,000 www.LenMailloux.com/488459

SOLD

108 REYNARD DRIVE

Albemarle County 4 BR, 4 Baths, 4005 Fin/890 Unf, 1.11 Acres MLS# 503826 • $595,000 www.LenMailloux.com/503826

LEN MAILLOUX

Associate Broker, Real Estate III 500 Faulconer Drive • Charlottesville, VA 22903 C: 434-981-1972 | O: 434-984-7404 | website: www.lenmailloux.com | email: lenmailloux@earthlink.net

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

NEW!

MARCH 7 — 13, 2013 ISSUE 22-10

For Distinguished Charlottesville Homes & Condominiums, view: www.LenMailloux.com

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

WHAT’S INSIDE: M A R C H

—

M A R C H

1 3 ,

IN EVERY

ISSUE:

2 0 1 3

Open House Listings........................6

Farms&Estates

Neighborhoods......................................8 News & Views........................................ 10

FEATURE Farms & Estates...................................14

BY CELESTE M. SMUCKER, PHD

HOME FINANCE The Pros & Cons of a Reverse Mortgage.........................25 BY GINA FARTHING

The Pros and Cons of a Reverse Mortgage FISHERSVILLE Just Listed!

Home Sale Stats...............................30

WHAT’S COMING UP? • Virginia Festival of the Book • Recycling & Reusing

AFFORDABLE HOME!

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

This one has great potential be it investment or owner occupied. New roof on this delightful 3 bedroom home. Could use a little updating but it has great bones and won’t let you down. 231 Stribling Avenue. MLS# 500243 | $200,000.

NEW OLD LOOK

47 Sophia Ct, Fishersville: • Southern Living dream home! Over 4500 sq ft! • 3 car garage, large .73 acre lot in a cul-de-sac location! • 5 brs, 3.5 baths, home theater room, full basement! • Only $399,900

Charity Cox

540-294-5682 www.homesweethome4u.net

Built like the beautiful classic homes of old but with all the modern conveniences and warmth for today’s world. This home is quality constructed with 3 bedrooms, 2.5 bathrooms and spacious rooms. Nice location close to downtown. 208 Harris Road. MLS# 507135 | $369,000.

Always Talk to Bob, 989-3592 www.bobhughesteam.com bobhughes@nestrealty.com Selling Residential Property

New Homes

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

MARCH 7 — 13, 2013 ISSUE 22-10

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

OPEN HOUSE

ABSOLUTE

AUcTIOn

MARCH 9TH & MARCH 10TH

SATURDAY

LOUISA

3.9.13

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

ALBEMARLE

FLUVANNA

6782 WELBOURNE LN OLD TRAIL DET MLS# 502962 $898,525 1630 WEST PINES DR WEST WOODS DET MLS# 507205 $479,900

2057 AVINITY LOOP 21708 JAMES MADISON HWY 3 PENDOWER LN AVINITY ATH NONE PDT GLENMORE PDT MLS# 500083 $288,200 MLS# 505508 $369,000 MLS# 495984 $519,900 2054 AVINITY LOOP AVINITY PAT MLS# 487263 $289,900

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

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

CHARLOTTESVILLE

SUNDAY

3.10.13

843 RAINIER RD ALBEMARLE CHERRY HILL ATH 2057 AVINITY LOOP MLS# 505439 $279,900 74 AVINITY LOOP AVINITY ATH AVINITY ATH GREENE MLS# 500083 $288,200 MLS# 505315 $324,900 142 BAMBI DR 2054 AVINITY LOOP DEER LAKE ESTATES DET 13 GLEN VALLEY DR AVINITY PAT MLS# 507503 $254,900 OLD TRAIL ATH MLS# 487263 $289,900 MLS# 501091 $369,800 130 LONGFORD DR 1080 OLD TRAIL DR WEXFORD DET 5632 UPLAND DR OLD TRAIL ATH MLS# 495549 $389,900 OLD TRAIL ATH MLS# 494797 $308,277 MLS# 504913 $399,750 37 WEXFORD RIDGE RD 74 AVINITY LOOP WEXFORD DET 2819 SHANNON GLEN CT AVINITY ATH MLS# 501463 $399,000 WILLOW GLEN DET MLS# 505315 $324,900 MLS# 502381 $429,900 1060 RAMBLEWOOD PL LOUISA RAINTREE DET 2003 BROWNSTONE LN 56 BEAR ISLAND PKWY STILL MEADOW DET MLS# 505893 $339,900 SPRING CREEK DET MLS# 507002 $519,900 MLS# 492369 $497,300 13 GLEN VALLEY DR

189.79± Acres

OPEN HOUSES

Friday, March 22nd at 12pm

OLD TRAIL ATH 650 EIGHT WOODS LN MLS# 501091 $369,800 KENRIDGE ATH MLS# 496838 $599,900 5632 UPLAND DR 646 BAYWICK CIR OLD TRAIL ATH MLS# 491033 $628,925 6643 WELBOURNE LN OLD TRAIL DET MLS# 503613 $649,900

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

5309 RAVEN STONE RD FOOTHILL CROSSING DET MLS# 500632 $664,000 2461 PENDOWER LN GLENMORE DET MLS# 503423 $799,900 6782 WELBOURNE LN OLD TRAIL DET MLS# 502962 $898,525 3 PENDOWER LN GLENMORE PDT MLS# 495984 $519,900

OLD TRAIL ATH MLS# 504913 $399,750 2819 SHANNON GLEN CT WILLOW GLEN DET MLS# 502381 $429,900

Rockbridge County Midvale Hill Rd (Rt 714) • Fairfield, VA Boundaries approximate. Aerial image purchased from Pictometry.com.

FLUVANNA 4 TURKEYSAG TRL LAKE MONTICELLO DET MLS# 506838 $138,000

Ideal property for hunting & recreation • Plenty of deer and turkey on the property • Good interior road and several streams • Excellent views from the ridges • Entire property under a conservation easement The property is nestled between two ridges and includes the ridges. It is very quiet and secluded yet is only 20 minutes from downtown Lexington and from downtown Staunton.

19 CLIFTWOOD RD LAKE MONTICELLO DET MLS# 501213 $153,000

77 JEFFERSON DR 1255 REDFIELDS RD LAKE MONTICELLO DET REDFIELDS DET MLS# 504393 $310,000 MLS# 507062 $469,000 1067 FOX HOLLOW LN 2003 BROWNSTONE LN DET STILL MEADOW DET FOX HOLLOW MLS# 503161 $379,900 MLS# 507002 $519,900

Open Houses: Sunday, March 10 (2-3pm) Saturday, March 16 (10-11am)

Or by appointment. Self-guided inspections are welcome at any time.

19 ACRE LN 650 EIGHT WOODS LN LAKE MONTICELLO DET KENRIDGE ATH MLS# 506224 $389,500 MLS# 496838 $599,900

Sale Managers: Pete Ramsey (434) 258-661 Bill Bryant, CAI, AARE

646 BAYWICK CIR OLD TRAIL ATH MLS# 491033 $628,925

Terms: 5% Buyers Premium. 10% deposit at auction; balance in 30 days. Full terms displayed on day of the auction and available online.

6643 WELBOURNE LN OLD TRAIL DET 1119 CAMBRIDGE HILL LN MLS# 503613 $649,900 GLENMORE PDT 5309 RAVEN STONE RD MLS# 498157 $826,825 FOOTHILL CROSSING DET MLS# 500632 $664,000 GREENE

18 FLEETWOOD DR LAKE MONTICELLO DET MLS# 506003 $399,900 21708 JAMES MADISON HWY NONE PDT MLS# 505508 $369,000

All information deemed accurate as of 10:30 130 LONGFORD DR 2461 PENDOWER LN a.m. Friday, March 1st WEXFORD DET GLENMORE DET 2013 as per CAAR MLS MLS# 495549 $398,000 MLS# 503423 $799,900 Open House data. ATH=ATTACHED • CND=CONDOMINIUM • DET=DETACHED FRM=FARM PDT=PROPOSED DETACHED PAT=PROPOSED ATTACHED PCD=PROPOSED CONDOMINIUM

VAAF93

www.countsauction.com Preview this auction on our web site!

800-780-2991

A Virginia Tradition Since 1927

Roy Wheeler Realty Co. Celebrating Over 85 years Of trust, traditiOn, and M arket leadership Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903 • (434) 951-5155 • Fax (434) 951-5190

Email: homes@roywheeler.com

www.rOywheeler .COM

1630 WEST PINES DRIVE Time: 1-4 pm Hosting Agent: Mike Peters

EXCELLENT LOCATION. This move-in condition Colonial set on an idyllic 2 acre lot features updated kitchen and baths, formal living and dining rooms, family room with fireplace, separate office, large sunroom with wet bar, huge garage, salt water pool, screened porch and much more. $479,900. Mike Peters 951-5119/981-3995. (507205)

18 FLEETWOOD DRIVE Time: 1-4 pm Hosting Agent: The “YES” Team

SPECTACULAR Colonial w/fully finished basement apartment on beautiful 1 acre lot at “The Acres”, Lake Monticello. Superior craftsmanship, luxury features thr/out, HW & tile floors, tray ceilings, light-filled spacious kitchen, bfast nook w/ access to screened porch overlooking backyard. Immediate occupancy! $410,000. The “YES” Team, Yonna & Keith Smith. 531-0817/531-0795. (506003)

SELLERS HAVE RELOCATED out of the country and have reduced their asking price six times... bring any and all offers. Will also work out a lease to own proposal. 2BR/2BA, toasty gas heat, gas FP, hardwood floors, 9’ ceilings. All appliances stay including washer and dryer. Seller says make an offer!! $189,500.

Ginny Barefoot, 531-7864. (506999)

Joan Esposito “Your Running Realtor”, 760-1028. (501327)

Directions: Take I64E to exit 136, follow 15N for 1 mile to 2nd left into Spring Creek. Enter gate; proceed around circle, to left on Pine Needle.

Directions: From 29N right into Hollymead subdivision, 1st right onto Somer Chase Court, property on right. REFRESHMENTS SERVED.

Time: 1-3 pm

77 JEFFERSON DRIVE Hosting Agent: Simone Kerber Alley

BARRY MEADE EARTHCRAFT HOME that will save you up to 30% on heating costs this winter. Back yard oasis with Star Ridge Play Structure on a halfacre private flat lot. 4 bedrooms, 2nd floor laundry, hardwood & ceramic floors, airy kitchen with breakfast room plus 1000 sq. ft. of unfinished space! $310,000. Simone Kerber Alley, 760-0076. (504393)

Directions: From Charlottesville, take Rt. 250E. Turn R on Rt. 616. Turn R on Rt. 600. Turn R on Rt. 618. Enter Lake Monticello through main gate on left. Turn L on Jefferson Drive. Lot is the 4th on the left after passing Woodridge Road. Bring this ad for admittance at gate.

600 PEACHCROFT LANE Time: 1-3 pm Hosting Agent: Kathy Markwood EARLYSVILLE CONTEMPORARY on almost 4.5 acres. Numerous Low E Skylights along with the abundance of windows make this a lightfilled home. Just a few of the features: wet bar in the great room, vaulted ceilings, eat-in kitchen, 4 bedrooms, 3 baths, and unfinished basement. Just a short walk to the reservoir. www.KathyMarkwood.com 985-6454. (504815)

Directions: From Hydraulic, take Earlysville Rd., left on Woodlands, right on Reas Ford Rd. cross over bridge and left on Peachcroft Lane, bear right to house on hill.

PE N

SA T

Directions: Lake Monticello Turkeysag Gate turn left on Acre Lane, turn left on Fleetwood, home is on the left.

CONVENIENT, COMFORTABLE affordable. Popular 3-level floor plan shows like new; finished terrace level family room opens to rear patio ideal for entertaining; main level features hardwood flooring, separate living room and eat in kitchen opens to large deck. Master has roomy walk in closet and overlooks private back yard. $205,900.

1050 SOMER CHASE COURT Time: 2-4 pm Hosting Agent: Joan Esposito

21708 JAMES MADISON HWY. Time: 1-4 pm Hosting Agent: Kim Johnson OWN THIS IMPRESSIVE HOME for as little as $1000 down, no construction loan necessary! Parade of Homes Award winning home plan invites you with large windows, open spaces, high ceilings, elegant fixtures & finishes. Every detail has been considered! Many floor plans are available or I&J can design and build your dream home with you! $369,000. susanstewart76@gmail.com Susan Stewart 434-242-3550. (505508) Directions: From Zion Crossroads – Rt. 15 South. Cross Rt. 250 and do immediate U turn into parking lot. Look for sign.

Time: 2-4 pm

37 WEXFORD ROAD Hosting Agent: Matthew Woodson

READY TO MOVE IN! This upgraded “Berkshire” model has hardwood floors, granite counters, gas fireplace, built-in cabinets, 9’ ceilings, stainless steel appliances, 4 bedrooms and 2.5 baths - the list goes on and on. $399,000. MatthewWoodsonProperties.com 960-5187. (501463) Directions: U.S. Rte. 29 North to Left on Fray’s Mill Rd (SR 641) for half mile to Right on Spring Hill Rd (SR 606) for one mile. Left into Wexford, stay right at Y, Home on right. INCLEMENT WEATHER CANCELS.

OPEN HOUSES

Directions: From Garth Road west, left on Owensville Rd, left on Old Ballard Rd, right on West Pines. House on right. INCLEMENT WEATHER CANCELS.

43 PINE NEEDLE LANE Time: 1-3 pm Hosting Agent: Ginny Barefoot

80 TURKEY TROT COURT Time: 12-5 pm Hosting Agent: Susan Stewart

A SPECIAL OPPORTUNITY to tour the Spring Creek Community. Spring Creek is rated one of Virginia’s best golf communities w/deluxe amenities to include gated entrance, golf club, fitness center, pool & tennis. A variety of home sites are now available at reduced prices. Appointments necessary, call for an available time. susanstewart76@gmail.com Susan Stewart 434-242-3550.

Directions: I-64 to Zion Crossroads exit, North on 15 to Spring Creek entrance on Left.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

RA CT

OPEN HOUSES SUNDAY, MARCH 10TH

MARCH 7 — 13, 2013 ISSUE 22-10

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

Come for the Charm Stay for the quality... 55 years and counting.

Avinity

Model Homes Open Mon-Fri 12-6 & Sat & Sun 12-5

CRAIGBUILDERS.NET

Model Homes Open NEIGHBORHOODS

Mon-Fri 12-6 & Sat & Sun 12-5

CRAIGBUILDERS.NET

Avinity

Old Trail Creekside

Old Trail Golf Villas

from the upper $200’s

from the upper $400’s

from the low $500’s

Foothill Crossing

Old Trail Village Homes

Kenridge Villas

from the upper $300’s

from the low $300’s

from the mid $600’s

Hyland Ridge

Old Trail Georgetowns

Kenridge Townes

from the upper $400’s

from the upper $200’s

from the mid $500’s

from the upper $200’s

Foothill Crossing from the upper $300’s

Old Trail Creekside from the upper $400’s

Old Trail Golf Villas from the low $500’s

Old Trail Village Homes

Kenridge Villas

from the low $300’s

from the mid $600’s

Hyland Ridge

Old Trail Georgetowns

Kenridge Townes

from the upper $400’s

from the upper $200’s

from the mid $500’s

434 .973 .3362

Tommy Brannock

Historic Downtown Office

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

NEW LISTING IN IVY

“MEADOW RUN” OFF GARTH ROAD Conveniently located between Ivy and Foxfield, in the Meriwether Lewis school district, bucolic “Meadow Run” offers a light-filled Primary Residence plus Guest Cottage and old Barn on 8.6 acres. So peaceful, yet neighbors are within a comfortable distance. Custom designed and built one-owner Home features three fireplaces, 4 BRs + 3 full Bathrms, formal LR and DR, numerous built-ins and 2-story Foyer. This is a very unique offering!

New Price of $975,000 www.MeadowRunHome.com

BHG Real Estate III’s Top Producer for 2011

434-981-1486

Comfortable home situated on a corner lot in sought-after community of “Meriwether Hills”. Formal LR and DR, plus Fam Rm with fireplace and Rec Rm. Many recent improvements include new flooring, fresh paint and renovated Rec Rm in Terrace Level. Priced to sell in Meriwether Lewis Elementary district!

NEW PRICE NEAR FOXFIELD

BEDFORD HILLS IN EARLYSVILLE

Located behind the Hunt Country Store and only five miles to Barracks Rd S.C. Brick colonial in a fabulous setting with towering Oaks, three-tier Deck, Pool and Basketball Court. Plenty of room to roam. Many recent improvements include renovated Bathrms, new Windows and custom paint. Plus, five wood-burning fireplaces. Unique offering!

Spacious and comfortable, this well-maintained home offers formal and informal rooms, 5 BR’s, 3 full Bathrms, lovely Sun Rm, Family Rm with fireplace and a 3-car, detached Garage. Abundant Storage. Mature, 2-Acre lot with Pool conveniently located in established neighborhood. Excellent value!

Offered for $389,000 www.HomeInIvy.com

Offered for $749,000 wwwFreeUnionRoad.com

Offered for $439,000 www.BedfordHillsHome.com

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

Advertising With Us Should Be a

BraiNer!

NAR surveys show

print ads

are solidly among the top information sources that both first-time and repeat buyers use in their home search.

PLUS:

11 Abbey Court, Fisherville, VA

DON’t Wait!

Call 434-817-9330 to find out how to advertise with us!

Nationwide Open House Weekend Returns to Charlottesville Save the Date: Saturday, April 20 and Sunday, April 21, 2013 It’s back! For one weekend only – April 20 - 21 – local REALTORS® will participate in the largest open house event from coast to coast. Almost half of the buyers in 2011 used an open house as a source in their home search, according to the National Association of REALTORS®. Don’t miss this opportunity to view as many homes as you can fit into your weekend schedule. Keep watching here for future details, and visit www.caar.com.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Real Estate Weekly

NEIGHBORHOODS

Ashley Spence 540.280.3385

The Real Estate Weekly is the most widely distributed Real Estate publication in Central Virginia!

CAAR

Just a short drive west of Charlottesville brings you to Abbey Rose. This townhome is nearly new and is located in one of the most desirable neighborhoods in Augusta County and is close to Augusta Health and the interstate. It features 3 bedrooms, 2½ baths including large master with separate tub and shower. Open living area, 2-car garage. No exterior maintenance! Pets are permitted. Home can be lease-optioned for $1195/month. Owner-financing is available! $199,900

MARCH 7 — 13, 2013 ISSUE 22-10

Augusta County

NEWS & VIEWS Literacy Volunteers of Charlottesville/Albemarle New Tutor Training, Saturday March 23, 2013 Have you ever considered tutoring an adult in reading, writing, or speaking English? Our students come from a variety of backgrounds, and they are all hoping to acquire the skills they need to independently pursue their life goals, support their families, and be active in the community. We currently have a waiting list of students who need your help. No teaching experience is necessary. Register today by calling 434-977-3838.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

NEWS & VIEWS

PCA Presents “Youth Art Month” With Albemarle County Public Schools

Lake Monticello Golf Course. Prizes will be awarded to the top male and female finishers overall and per age group. “Race participants always find the race enjoyable and challenging,” says Jennie Shuklis, FSPCA Executive Director. “All proceeds will support our life-saving mission to rescue homeless pets and place them in good, loving homes.” Cost is $15 for age 15 and under, $20 for age 16 and over before March 30, and $25 for age 16 and over after March 30. For more information and to register, visit www.fspca.org/5k.html or call 434-591-0123.

Local Resident To Sell Bruce Springsteen Autographed Harley

Piedmont Council for the Arts (PCA) is excited to celebrate Youth Art Month in partnership with the Albemarle County Public Schools.   Youth Art Month is an annual observance every March to emphasize the value of art education for all youth and to encourage support for quality school art programs. It provides a forum for acknowledging skills that are fostered through experience in the visual arts that are not possible in other subjects offered in the curriculum. During Youth Art Month, the CitySpace Gallery will be filled with artwork created by Albemarle County Public Schools students in elementary, middle, and high school. All 26 Albemarle County public schools are represented in this exhibit.   A First Fridays Opening Reception will be held on Friday, March 1 from 5:30-7:00 p.m. There will be light refreshments, live acoustic music by the Monticello Chamber Music Class, and a hands-on art activity table for children. This event is FREE and open to the public. The exhibit will remain on display through Thursday, March 28. CitySpace is located at 100 5th Street NE on the Downtown Mall and is open to the public Monday-Friday, 9:00 a.m. -5:00 p.m.

Albemarle County resident Cleve Brannock has decided it is time to sell his custom 2008 Harley Davidson motorcycle signed by Bruce Springteen and other members of the E Street Band and donate 20 percent of the sale price to the University of Virginia Children’s Hospital. Brannock, who is the original owner of the autographed Harley Davidson and a mortgage broker, is not sure just how quickly the bike will sell but is using social media to spread the word. He has created a website featuring photos of the bike along with biographical information about Bruce Springsteen hoping to catch the eye and pocketbook of either a diehard Rock and Roll fan or Harley Davidson collector. The custom 2008 Harley-Davidson FLSTSB Softail Cross Bones Motorcycle is in mint condition featuring the American Flag, Stars, and Stripes along with the rock star’s signature and living members of his famous band. Brannock says he has kept the Harley garaged in order to maintain its pristine condition and rides it on occasion for the thrill and to keep all mechanical parts in top condition. Brannock is asking $80,000 for the custom bike. Photos of can be seen online at www.thebossesbike.wordpress.com

Fluvanna SPCA to Hold 3rd Annual 5k Race

Charlottesville Ten Miler to Benefit Senior Center

The Fluvanna SPCA, a no-kill shelter, will be holding a 5K Run/Walk on Saturday, April 13th at 7:30 a.m. at the

More than 2000 runners will wend their way through town on Saturday, March 16, for the 38th annual Charlot-

tesville Ten Miler. One of Central Virginia’s favorite footraces, the event is presented by the Charlottesville Track Club and supported by generous sponsors and volunteers. Over the years, proceeds from the race have supported many local nonprofits. This year’s beneficiary is the Senior Center. “We’re thrilled and incredibly grateful to be part of this community event,” says the Center’s executive director Peter Thompson, who is also running the race. “The proceeds will sustain our efforts to promote healthy aging, which is now a critical issue for communities across the country.” In our region, the number of older adults is more than doubling—from 27,000 in 2000 to 56,000 in 2025. Increasing the number who live highquality, productive, and independent lives is vital for community health. The Senior Center focuses on researchbased methods to meet this need, providing opportunities for people to pursue lifelong learning; maintain physical wellness; explore creativity and spirituality; stay socially connected; and remain purposefully engaged. The Center’s impact reaches beyond individuals to support families, relieve strained social services, and help area nonprofits through its volunteer program. It also partners with other organizations on programming to meet broader community need. A “Charity Chaser” has been added to this year’s event to provide additional support to the Center, which receives no government funding. Thompson will start the race at the back of the pack and is soliciting pledges for each runner he can pass. As added incentive, an anonymous donor will match every dollar raised, up to $50,000. About the Center: The Senior Center positively impacts our community by creating opportunities for healthy aging through social engagement, physical well-being, civic involvement, creativity, and lifelong learning. Center members donate more than 50,000 hours of volunteer service annually, improving quality of life for people of all ages. It is the first nationally-accredited senior center in Virginia and receives no government funding. For more about the Center and its 50-plus years as a community resource, please call 434.974.7756 or visit SeniorCenterInc.org. ■

Tom Noelke REALTOR®

434-770-8902 Since 1927

Old Trail Village 1005 Heathercroft Circle #100 Crozet, VA 22932 (434) 770-8902 tomnoelke1@gmail.com

Call us at

434.

817. 9330

to Advertise Your Home!

Real Estate Weekly

CAAR

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

401 Park Street Charlottesville, VA 22902

434.977.4005 lwoodriff@loringwoodriff.com

Rockfish Gap

68 aCRes IN WesTeRN aLbeMaRLe

$1,795,000 Mt. View, set on 8 acres at the base of the Blue Ridge in W. Albemarle, is truly an enchanting property. The 5BR, 4.5BA brick residence offers original charms incl’ wide plank original floors, 8 fireplaces & extensive exposed beams. The historic home has been enhanced w/a large, dramatic kitchen, casual & formal living spaces & expansive bluestone screen porch overlooking the pool & intense views. Further improved w/ pool house w/full bath & full complement of barns & storage buildings. MLS# 507294

WILhOIT MILL FaRM • $3,200,000 Circa 1855, Wilhoit Mill is sited on 68 acres with the Lynch River meandering through the property. The serene setting is enhanced by a backdrop of the views and sounds of the river. The historic home has 5 bedrooms, 5 full and 1 half bath. The charming guest cottage was originally the Wilhoit Village post office. MLS# 498023

129 TRaNquIL aCRes IN aLbeMaRLe

13 aCRes IN MuRRay sChOOL DIsTRICT

5 aCRes, Lake FRONTaGe IN ROseMONT

ROCk CReek FaRM • $1,395,000 Beautiful rolling acres of pasture & fields criss-crossed w/ bold creeks. Offers multiple private, yet dramatic, estate-caliber building sites complete w/close-in views of the farm’s open fields, mature hardwoods & strong mountain views. 8 to 10 mins to Hollymead amenities & 15 mins to C’ville. MLS# 497977

3813 GReNvILLe DRIve • $749,000 Immaculate, high quality custom home on 13 acres in the Murray School District. Detached garage with walk-up storage, tennis court, circular drive, lovely landscaping and huge deck. Flexible flr plan includes 1st-flr master, 3BR, 2 full BA upstairs and 2 more bedrooms and a bath on the lower level. MLS# 505656

475 ROseMONT DRIve • $1,395,000 Stately, 5-6 bedroom home on 5 acres w/mountain and water views. Quality construction incl’ 10 ft ceilings, 3 fireplaces, crown molding, wainscoting, built-ins and premium systems for superior energy efficiency. Whole-house generator, 3 1,000 gallon propane tanks, walk-in safe, and many security features. MLS# 499835

speCTaCuLaR bLue RIDGe vIeWs

sOLD WINTeR 2013

550 ROCks FaRM DRIve • $1,495,000 Quality custom details in this extraordinary W. Albemarle masterpiece situated on just under 5 acres. Spectacular views of the Blue Ridge. Offering a 1st-floor master, gourmet kitchen, theater & billiard room, walnut-paneled library, screened porch, the features are endless! Lindsay Milby (434) 962-9148. MLS# 497852

MONaCaN TRaIL • $1,199,900 Private, tranquil estate moments from town. Remarkable design, finish & setting w/carved Italian marble fireplaces, custom closet systems, coffered ceilings and hrdwd floors. 6,500 sq ft residence incl’ 5BR and protected setting adjacent to large estate in easement. Total privacy and tranquility.

2353 OWeNsvILLe ROaD • $1,295,000 Situated on over 4.5 acres with impressive moldings, high ceilings and exceptional detail. Gracious rooms with both formal and informal spaces. First-floor master cozy family room and large kitchen. Light-filled sunroom overlooks exquisite grounds and pool. Lindsay Milby (434) 962-9148

sOLD WINTeR 2013

EdGEwood

206 aCRes IN sOMeRseT

$3,695,000

226 WhITe haLL ROaD • $1,495,000 Magnificent farm property with two homes on the base of the Blue Ridge Mountains. Located between Crozet and White Hall, the land offers a premier building site with expansive southward views of the Rockfish Valley and southwest views of the Ragged and Blue Ridge Mountains. Private, tranquil setting perfect for livestock or a vineyard.

Comprised of 206 rolling, manicured acres, including a mile of frontage on the Rapidan River and newly constructed equestrian facilities of uncompromising quality & design, Edgewood Farm is truly an exceptional estate offering. The owners have left no stone unturned renovating & improving the historic home, new guest quarters, office/garage complex, new pool, gardens and farm manager’s home. There are about 50 acres of paddocks & pastures while the balance of the land is in open fields by the river with hardwood perimeters. MLS# 498316

WWW.LORINGWOODRIFF.COM

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

CIRCa 1800 bRICk MaNOR ON 8.5 aCRes

MARCH 7 — 13, 2013 ISSUE 22-10

12 MARCH 7 — MARCH 13, 2013 ISSUE 22-10

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

www.rOywheeler.COM

BEAUTY, WARMTH AND VALUE IN STILL MEADOW! The welcome mat is out starting with the English style stone terrace. New carpets throughout the bedrooms and family room, refinished hardwoods throughout the main level and new deck all within the past 30 days! This home is ready for new owners! $519,900. Simone Kerber Alley, 7600076. (507002)

E JU D S U T C E D

MILLION $$ VIEWS!!, Contemporary 4700 sq. ft. 5BR/4.5BA home, 5 quiet acres, 20 mins. from Charlottesville. Ideally-sited & designed to maximize awesome valley & mtn. views. 2 levels of decking, great room w/2-stories of windows, master w/wall of windows & deck access. Lower level w/loads of windows, decking & views. $699,000. Christy and Rod Phillips, 434-9876399. (506281)

BRANCHLANDS. Great Senior Living in this Spacious 1st level end-unit condo with stone patio. 2 BR + Den w/ French doors, 2BA. Open floor plan. Good storage W-In Closets. Secured Bldg entry. New A/C in 2011. New dishwasher and carpeting in 2012. SELLER TO PAY 1ST YEAR’S HOA FEES. $185,000. Byrd@ByrdAbbott.com 242-9600. (499829)

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)

THIS ATTRACTIVE 2 STORY townhouse-style condo is located near Fashion Square Mall, the bus line and major shopping. The home features an eat-in kitchen, living room with fireplace, gas heating and more! $139,900. Mike Peters 951-5119/981-3995. (504631)

WATER FRONT HOME in Greene Mountain Lake Community. This fun contemporary with 3 bedrooms and 2.5 baths is in great condition. The owners have added a detached garage and a half bath in the basement. $269,000. www.GerriRussell.com 531-9581. (505717)

FAULKNER FALLS. Estate parcels in 9 lot Ivy neighborhood off of Owensville Rd. near Old Ballard in Western Albemarle Schools. Some with mountain views, some abutting pond. Financing with a minimum of 30% down. Prices start at $250,000. Byrd@ByrdAbbott.com 242-9600. (485875)

JUST MINUTES EAST OF TOWN this expanded ranch home on 1.7 acres is BIGGER than it looks! Beautiful 36 x 15 terrace level great room has soaring vaulted ceilings, and the owners have JUST remodeled the kitchen with granite counters – NOW, you can move right in! $279,500. Maury Atkins 540-223-2719. (504848)

WOODED BUILDING LOT within walking distance to Greene Hills Club; located in a quiet, established neighborhood. Convenient to Routes 29 and 33, quick trip to NGIC, Research Park, many amenities. Mature trees on 1+ acre lot allow for privacy in a desirable setting. $61,500. Ginny Barefoot, 531-7864. (504629)

BEAUTIFUL LOT with great views. Largest lot in Pauls Creek. Driveway is already roughed in. Not far from the Rockfish Community Center. Build your home at the foot of the ridge, or go to the top of the ridge and have fantastic views year round. $55,000. Mandy Yancey, 760-1882. (494018)

THIS WOODED BUILDING LOT, offers a gentle rolling topography for your ideas of a new home. The lot lays nicely for a walk out basement or tall crawl space. $19,000. MatthewWoodsonProperties.com 960-5187. (504778)

N M NE P A L R E T IO O C

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M O AK F E F E A R N !

READY FOR YOUR NEW HOME. Convenient location in established neighborhood. 2.72 acres of gently rolling wooded property. Mountain views from house site with minimal clearing. 4 bedroom approved perk. $74,000. MatthewWoodsonProperties.com 960-5187. (506991)

EARTHCRAFT CERTIFIED HOME, with first floor master, two story great room, vaulted ceilings, hardwood floors, granite countertops, maple cabinets, open floor plan and a 2 car garage. Located on a gorgeous lot and within walking distance to shopping. $339,900. susanstewart76@ gmail.com Susan Stewart 434-242-3550. (504154)

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

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

www.rOywheeler.COM

ENJOY A COUNTRY LIFESTYLE with the bonus of being close to Routes 15 and 64. Popular split bedroom design, with laminate floors, high ceilings, fireplace. Dining area opens to rear deck. 3BR/2BA on nearly one acre lot. Mostly unfinished basement has roughed in plumbing & plenty of room for expansion and storage. $147,500. Ginny Barefoot, 531-7864. (507175)

MAGNIFICENT HOME in Spring Creek priced below replacement value. Features include a gourmet kitchen, opulent morning room, grand master suite, formal living and dining rooms and a finished basement with rec and media rooms. A must see! $399,000. susanstewart76@gmail.com Susan Stewart 434-242-3550. (507046)

CASA BELLA. is a wonderful custom home tucked away on 5.5 spectacular acres within walking distance to Keswick. Property is adorned with landscapes of rolling hills, decadent gardens and a babbling creek. Gardeners Paradise…greenhouse & spectacular gardens offer gardening opportunities year round. $515,000. susanstewart76@gmail. com Susan Stewart 434-242-3550. (498936)

GREAT PRICE for this inviting home on a private, wooded lot, located outside the gated section of Lake Monticello. Open, split bedroom floor plan with updated appliances, gas fireplace and laminate floors is sure to please! $132,500. susanstewart76@gmail.com Susan Stewart 434-242-3550. (506358)

EXTREMELY WELL-BUILT Contemporary home located in Earlysville, 10 mins. to airport/Hollymead Town Center. This spacious, light-filled home features upgrades such as Hardiplank siding, 50 yr. roof, upgraded appliances, slate floors, Anderson windows, wooden vaulted ceilings, 2 floor to ceiling brick FP and 2 detached 3-car garages. $498,500. Kim Johnson, 465-5138. (501518)

GREENE LEA HOME is ready for you to move in. Enjoy relaxing on the covered front porch or on the large back deck. Cedar-sided ranch offers 3BR/2BA and spread out in the basement family room. Part of the basement is unfinished so there is plenty of space for storage or just finish for your needs. Also available for rent. $224,900. www.KathyMarkwood.com 985-6454. (502183)

BEAUTIFUL 8.14 ACRE 8.14 ACRE lot in Langdon Woods adjoins the 57 acre preservation tract and provides the most privacy possible in a subdivision. Lot 12 enjoys a nice stream and mature hardwoods. Offered for $227,000. www.MaupinGroup.com Warren Maupin, 962-8939. (438499)

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

HERE’S A CHANCE to own a very well taken care of church building. The inside is very nice and turn-key for another church. You could also make it a home with some imagination. There are two parcels with this property. $149,900. www.GerriRussell.com 531-9581. (498072)

CLASSIC CAPE COD with unfinished basement. Not only does this home have 3 bedrooms, 3 baths, a bonus room and an attached 3 car garage, but a detached garage also for hobbies or trade. All this on over 2.5 acres in Greene County. $389,000. MatthewWoodsonProperties. com 960-5187. (502697)

WITHIN WALKING DISTANCE to the new Stonefield complex and not far from the University Grounds. Second floor, all new laminate flooring, new windows, new refrigerator. HOA covers all exterior maintenance, basic cable, gas (heat). Second story condo for $89,900. Mandy Yancey, 760-1882. (496904)

OLD TRAIL. Light and Airy All Brick 2-story w/mountain views. 5BR/3.5BA. Gas FP/marble hearth and B-I bookcases/cabinets, 9” ceilings, tray ceiling in MBR, crown molding, hdwood floors, W-I closet, Kit w/cherry cab and granite countertops. Fin. lower level Entertainment-size deck. $539,000. Byrd@ByrdAbbott.com 242-9600. (506010)

BRANCHLANDS. An attractive and spacious end unit townhouse with 2 bedrooms, 2 baths and lots of closet/ storage space. The living room has a fireplace that adjoins the dining area and an in-eat kitchen. It is one level and convenient to the Senior Center, public transportation, & shopping. Available for short term rental 2-6 mos. $189,900. Erika Buckman 951-5166/981-1868. (501627)

NEW ROOF water heater, heavy duty garbage disposal, & den carpet all in 2012! This immaculate 4BR home is ready for its new owner! Perfect condition, large yard, many upgrades, shows like new. A MUST see inside, also beautiful landscaping, getting ready to bloom! Call today or contact your REALTOR to show you this opportunity! $249,900. www.TammiCampbell.com 985-2348/882-5403. (506688)

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

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

A Virginia Tradition Since 1927

MARCH 7 — 13, 2013 ISSUE 22-10

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

MARCH 7 – MARCH 13, 2013 ISSUE 22-10

Farms&

2013 Expected to be a Great Year for the Farm and Estate Market

By Celeste M. Smucker, PhD

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

&Estates

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

FEATURE

MARCH 7 â&#x20AC;&#x201C; MARCH 13, 2013 ISSUE 22-10

arming has been an integral part of Virginiaâ&#x20AC;&#x2122;s history and economy since the time of the first settlers. Today, in spite of development and urbanization, it continues to be the stateâ&#x20AC;&#x2122;s largest industry with an annual economic impact of $55 billion. While much productive farmland has been lost to other uses over the years, farm property and country estates continue to be in demand from people who want to raise crops for a living or just enjoy living in the country. Some choose this lifestyle for the privacy, others like the idea of raising horses, cattle, llamas or pot-bellied pigs. Still others want a place to raise organic vegetables, grapes or other crops. Regardless, the active market for country properties, both farms and estates, underscores the great value that people continue to place on a rural lifestyle even in our fast paced urban world. While recent challenges in the real estate market affected farm and estate properties as it did other kinds of homes, today agents are seeing a gratifying uptick in activity. There are even instances of multiple offers and properties suddenly becoming popular after sitting on the market for several years. This means whether you have a farm or estate to sell, or are someone who has been dreaming of moving to the country, the time to jump into the market is now.

Farms vs. Estates Farms and estates are often lumped together. While both are country properties, and while some farms are also estates, there can be some significant differences between the two. On the other hand, there is also a lot of overlap, making it difficult to draw a clear distinction between them. Farms & Estates continued on pg. 20

Country Living in virginia

MARCH 7 â&#x20AC;&#x201D; MARCH 13, 2013 ISSUE 22-10

EAGLE HILL ALBEMARLE COUNTY

CHATEAU CHAMEROLLES III

ALBEMARLE COUNTY

208 acres in southern Albemarle County. This property must be seen in the winter to fully appreciate all it has to offer. Beautiful hardwood forests and many additional building sites can be found on the 208 acres located 20 minutes from Charlottesville. A 200-yr old 3bed 2bath timber frame house was moved to this site in 2000 with 9.5 ft. ceilings, a copper and slate roof and wrap-around porch overlooking the valley. Additional development rights, walking and jeep trails with privacy and easy accessibility to town. $1,100,000 MLS 504458

A 5 bedroom French Provincial located at the center of a private 55-acre tract in the Historic greenwood district of W. Albemarle Co. Ideal for a horse enthusiast or someone seeking privacy and strolls along miles of trails on Stockton Mill Creek. A spacious home with high ceilings, beautiful moldings, gourmet kitchen, 5-bay detached garage, scenic views and privacy. $1,695,000 MlS 497049

mmatheson@farmandestate.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

DANCING CREEK FARM

FEATURE

C. 1969 the French Colonial plantation home has 5 bedrooms, 6/2 baths located in 7500 fin. s.f. with over 2900 s.f. of covered porches encircling the house. 202-acre with spectacular views west to the Blue Ridge Mountains. Farm improvements includes a 7bdrm guest house, 60 ft. oval pool and pool house with fitness room and full kitchen and bar, riding arena, stables, barns, office and extensive tenant housing and apartments. 7 miles from Charlottesville and University of Virginia, one of Albemarle counties most spectacular country estates. $8,950,000

18 MARCH 7 – MARCH 13, 2013 ISSUE 22-10

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 • 434-979-9200 • Toll Free: 800-211-4494

www.roywheeler.com/property/charlottesville-farms-and-estates FREE UNION FARM 54 ACRES with lovely views and private setting. This property may be as much as 74 acres. No survey. Situated in the Free Union area in the FHC hunting country. Old farm house has 1800’s chestnut log home as part of the house. The fields are rolling and there are views from every angle. $995,000. Jane Porter Fogleman 981-1274. (496971)

R $ ED 2 U 0 0 C ,0 E 0 D 0

JAMES RIVER ROAD BUILDING LOTS. Beautiful land parcels in Southern Albemarle on the road to Howardsville. Good agricultural land comprising (4) adjoining parcels totaling 80 acres, offered for $695,000. See mls numbers 503486/403488/503487/503483 for individual parcel listings. JimBonner.com 951-5102. jim@jimbonner.com

BELLVOIR. A fine equestrian estate of 43 acres

100 MOSTLY WOODED acres on the Albemarle/ Greene line near Nortonsville. Beautiful tract of land has long road frontage, division rights, approx. 2-5 acres open, large pond, mature woods, nice mountain views, has a bold stream and lots of wildlife. $674,900. www.homesincville.com Mike Peters 951-5119/9813995. (476778)

SONNENBERG FARM. Located in the rolling hills of Northern Albemarle County this attractive 114 acre farm features fenced pastures, walking trails in the woods, a large pond, remodeled main farmhouse and a custom three car garage with beautiful apartment. $1,165,500. www.homesincville. com Mike Peters 951-5119/981-3995. (490199)

HEATHCOTE c. 1915. Gracious country manor

MAKE A PROFIT of $60K-$70K right away as this land is ready to be timbered! 150+ acres of beautiful hardwoods, streams and springs in the quiet rural area of Stony Point, 5 min. to Keswick Hunt Country and 15 min. to Downtown Cville. Perfect for hunting, timber cutting, small cattle pasture, secluded building sites. Bring offers. $495,000. Joan Esposito “Your Running Realtor”, 760-1028. (500555)

APSARA. Picturesque, 448-acre estate in Albemarle. Rolling pastures, park-like woodlands, 2 stocked ponds and stunning Georgian manor home. Magnificent views from every window. Additional improvements include early 18th century log cabin, icehouse and manager’s home. www.ApsaraFarm.com Gerri Russell 531-9581 and Frank Quayle 951-5100. (497576)

RIVER ROCK FARM. Turnkey horse farm with existing boarding business. Charming home with room for expansion. Miles of trails, long river frontage with its own swimming hole and stocked pond. 36 x 24 garage/workshop with bath and plenty of room for apartment above. 8 stall barn, 10 paddock areas, automatic waterers, new hay barn. $569,000. www. GerriRussell.com 531-9581. (502223)

52 ACRES minutes to Zion Crossroads. Mountain views, pond, mature hardwoods, rolling pastures, bring the horses or cattle, endless opportunities. Several ideal home sites. $199,900. Proposed home with 4BR/3BA, basement, garage, 1st floor master and more by Southern Development for $545,000; or bring your own builder. susanstewart76@gmail.com Susan Stewart 434-242-3550. (494786)

SWEETHEART FARM. Green Springs area. 36 acres with 2 ponds, board fenced pastures, run-in sheds and a 10-stall center aisle barn. Efficient layout with completely renovated home dating to 1890. All in excellent condition. $595,000. www.GerriRussell.com 531-9581. (477459)

OVER 30 ACRES in 2 separate parcels with additional division rights. Rolling topography with potential for mountain views. Over half the property is open pasture with 2 streams for horses or livestock. Build your dream home while you live in the mobile home presently on the property. $319,000. Matthew Woodson, 960-5187 and Lance Hoover, 989-4187. (501933)

SUNRISES WORTHY OF A POST CARD. Cozy cot-

HUCKLEBERRY HILL FARM consists of 264 acres of beautiful rolling fields and woodland just north of Earlysville. A well-preserved historic home (circa 1880) is the centerpiece plus a state of the art 18 stall horse barn provides the backbone of a full horse boarding operation. Call Maury for all the details! $2,750,000. Maury Atkins 540-223-2719. (501773)

of 16+ acres in heart of Keswick. Old oaks, boxwoods, guest home, 3 car garage with workshop. Pastures are fenced for horses. four bedrooms, four baths with six fireplaces, completely renovated and restored. $1,495,000. JimBonner.com 951-5102. jim@jimbonner.com (495458)

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in the heart of Keswick with newly renovated brick manor home, complementary guest/rental home, 4 stall center-aisle barn and board fenced pastures. Privately situated with poolside gardens and Southwest Mountain views. $2,450,000. JimBonner.com 951-5102. jim@jimbonner.com (504340)

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

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

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

MARCH 7 – MARCH 13, 2013 ISSUE 22-10

Farms & Estates continued from pg. 16

There seems to be general agreement that to be called an estate, a property has to have a good-sized house along with some significant amenities. Donna Patton, managing broker at Better Homes and Gardens Real Estate III, said that an estate is very grand, with at least 6,000 square feet. It doesn’t necessarily have to have a lot of acres, perhaps as few as 20, she said. Some horse farms are estates, but many are considered farms. Unless, Patton said, they are in Keswick where many horse properties are also estates that come with large homes and high price tags. Estates are typically priced in the millions, she added, while some farms can often be had for several hundred thousand. Steve White, REALTOR® with Roy Wheeler Realty Co., said that many historic homes are considered estates. He described a farm in Orange that he sold recently. It was an historic property that had 58 acres and an 8,000 square foot home plus many amenities including outbuildings and a separate outside office. On the other hand, he also sold a 4,300 square foot property on 14 acres that he said was not an estate because the house, while quite spacious, was a cape cod built

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Current Offerings

COVENTRY

RIVER ROCK FARM

Great value in Albemarle County. Custom home with plenty of room for all of your needs. Two separate master suites, fireplace in family room, woodstove in lower level family rm. Spacious front porch with a welcoming screened in porch off the kitchen and a large open deck on the rear. You and your horses will enjoy the pristine barn with hot/ cold water, tack room, hay storage. Several fenced paddock areas with a training arena as well. Enjoy the nearby trails. MLS#506863, $695,000

Turn key horse farm with existing boarding business. Charming home with plenty of room for expansion or other building spots and keep the current home for a guest house. Enjoy the miles of trails and long river frontage with its own swimming hole. There is also a stocked pond. A 36 x 24 garage/workshop with bath and plenty of room to put an apt above. Your horses have an eight stall barn to enjoy as well as 10 paddock areas, automatic waterers and a new hay barn. MLS#502223, .$569,000

Sales Associate, Farms & Estates tel 434-951-5162 cell 434-531-9581 gerri@gerrirussell.com www.GerriRussell.com

Roy Wheeler Realty Co.

The Farms and Estates Real Estate Market The agents were positive about the current state of the farms and estates market. “Things are booming,” said Rick Walden with Virginia Estates. He went on to describe a 132-acre farm with a lake and no buildings that was only on the market for 10 days before it received multiple offers. In another situation, a property that had been on the market for three years suddenly had three people bidding on it at once. It’s so good, in fact, that Walden expressed concern about the current low inventory in these kinds of properties. “Now is the time,” he said, “for people who want to list their properties to get them on the market, because right now it’s hard to find what people are looking for.” Patton echoed Walden’s sentiments about inventory, stating that while there are some beautiful estates on the market right now, small farms are harder to find. The market has definitely improved, Kreh agreed. “We are seeing many more inquiries about and interest in higher end properties and this is a significant improvement,” he added.

21 MARCH 7 — MARCH 13, 2013 ISSUE 22-10

In general, he continued, estates have manor houses, but not necessarily a lot of farm buildings. Their higher prices reflect the amenities and improvements. He agrees that homes listed in the National Register of Historic Places often qualify as estates. In some instances there may be a property that isn’t exactly a farm nor is it an estate, but has qualities of both. Murdoch Matheson, with Frank Hardy, Inc., described an historic farmhouse listing on 150 acres. The house isn’t grand enough to be considered an estate, but it is also no longer a farm.

Reverse Mortgages continued on pg. 24

Donna Patton

Cell: 434-962-0411| Office: 434-589-0777 www.CentralVirginaHorseProperties.com donna@donnasellsvirginia.com

• When buying or selling a horse property trust a REALTOR with horse sense. • Horse owner for 46 years. • REALTOR for 16 years. • Knowledge you can trust.

www.CentralVirginiaHorseProperties.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

rather recently in 2008. Instead it would more correctly be called a mini farm he said. Bud Kreh, with Montague Miller and Co., offered that estates come with quality amenities. Farms, on the other hand, need good soil, fencing and a source of water. From his perspective, with farms, the focus is on what will make them productive. He added though that horse farms, which often have a lot of money invested in barns, paddocks, board fencing and equestrian facilities, may be considered estates, especially if they come with a very nice house.

MARCH 7 â&#x20AC;&#x201C; MARCH 13, 2013 ISSUE 22-10

Finding Properties and Advising Clients Since 1927

Country Houses UNDER CONTRACT

Windy Ridge

Castalia 600-acre Farm in Keswick. MLS#505854

MLS#487458

Holly Haven 110 acres with pond. MLS#471549

Land Parcels

Casa Nova Renovated Country House. MLS#504750

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

UNDER CONTRACT

Meadows Fields 28acres with Mountain Views MLS#503529,

A Drive into the Countryside Leads to many Possibilities

Weekend Retreat MLS#503408.

dukeandsharon@keswickproperties.com www.keswickproperties.com 434.962.5658

Cardinal Forest

The views are breathtaking! The views from this spectacular property are breath taking not just the first time you enter the property but every time you step on the front porch or peer through one of the many windows. Overlooking Barboursville Vineyards, this 30+/- acre estate features one of the finest Blue Ridge views in Albemarle County! Light filled open floor plan, guest cabin, ancient Jefferson Poplar & fenced. More land avail. up to 100 acres. Make the trip and plan to stay a while. Gorgeous! MLS#506428

is located in one of the most beautiful and convenient areas of Greene County. One of the area’s newest communities offer lots ranging from 2 to 6 acres. Privacy and solitude are protected by towering hardwoods and the rural surroundings of farms and views of the Blue Ridge Mountains. Enjoy the feeling of being worlds apart yet only 5 minutes from shopping and restaurants, 15 minutes to NGIC, Research Park and Airport. MLS# 470910

This extraordinary property

Undeniable quality and care

boasts some of the most impressive valley views the Piedmont has to offer. The cozy cottage is nestled on 10+ acres overlooking farms of the South River Valley. Almost every morning offers sunrises worthy of a post card. Partially wooded, but open in all the right places, promoting privacy and wildlife. Interior photos coming soon. Why wait, make your appointment today. MLS 493784

is evident from the moment you pull in the driveway. Guildford Farms Community sets the standard for conservation development and neighborhood stability. While being convenient to Shopping, Restaurants, CHO Airport and NGIC, you will fall in love with the mountain/pastoral views and community trails along Swift Run river. Home offers every upgrade you can imagine (to many to list). Extensive professional landscaping and fenced back yard. Truly a special property. MLS 498513

Private Enjoyment

A truly special property

Trout stocked South River on over 21+ acres. Beautiful and immaculate light filled home situated perfectly on a wooded plateau above the river affording great pastoral, river, and mountain views. Main residence features first floor master suite, a 10 x 27 rear deck, 14 x 20 screen porch and full walkout basement. Owners recently completed extensive renovations on home inside/out. Includes comfortable guest home, shop/studio with full bath and pond. MLS 503360

for those in search of amazing views and convenience. These 60 acres of rolling pasture land nestled at the base of the Blue Ridge Mountains offers elevated home sites boasting Awe inspiring views of rolling foothills and distant views of the South West Mountains as a back drop. Restorable farm house located on the property just across from Greene Hills Country Club. Minutes from Stanardsville, 25 min. to Charlottesville, UVA, and CHO Airport. See the VISUAL TOUR!! MLS 503148

Matthew Woodson

REALTOR®

Email: matthew@roywheeler.com • www.matthewwoodsonproperties.com

(434) 960-5187 Direct (434) 985-2348 Office main line

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Point Lookout

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

Farms & Estates continued from pg. 21

MARCH 7 – MARCH 13, 2013 ISSUE 22-10

“It’s not as strong as it was before the meltdown,” White said, “but we are definitely headed in the right direction.” He added that agents are doing a great job of getting accurate information to sellers on pricing which reflects the current state of the market. “The properties that are selling are priced well to sell.” He shared the example of an estate property that sold for $908,000 in 2007. It went back on the market last year and just sold again, but for $650,000. Walden shared a similar story about pricing. One of his listings, a 2,500acre estate on the James River, features a 2,200 square foot house. The listing price that was $24 million dollars to start is now $10 million. The good news is that there are four parties who have expressed an active interest in purchasing it. “We are seeing more activity than before in country properties,” said Matheson. He explained that larger properties require more maintenance and therefore more cash. For this reason the market for these country properties tends to parallel trends in the equity market. When people are making money they are more likely to be in the farms and estates market. In a no-growth economy, people are less inclined to put money into property.

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Who are the Farms and Estates Buyers? Who are these people? They are a mixed bag, White said. Some are local; others come from all over the country and overseas. Many are over 40 or are empty nesters, but we see our share of younger buyers as well, he continued. There used to be a category of buyers who purchased farms and estates as second homes. “There are fewer of these than there used to be,” Matheson

said. Today’s farms and estates buyers are often individuals who have achieved success in business and want an opportunity to enjoy time in the country. They recognize that there is a finite window in which they can live this kind of lifestyle and choose to go for it while they have the resources to make something of it and are not too old to enjoy it. Many of the buyers are retirees, Patton said, or they are people who are anticipating retirement. Often they are young retirees, since more elderly buyers don’t want to deal with the upkeep required for country properties.

Conservation Easements are a Factor in the Country Property Market Conservation easements are a way to voluntarily restrict the usage of a

property by selling or donating certain rights, such as subdivision or development, in order to protect resources such as water or migration routes. This is a legally binding agreement that passes on when the property is sold or inherited. The result is large areas that are guaranteed to remain country properties, assuring the continuation of this gracious lifestyle. Conservation easements can be a big plus for people who buy country property and don’t want to have to worry about nearby development. “Their property will remain as they see it,” Patton said. She explained that easements vary from property to property and some may be more restrictive than others. The whole community benefits from conservation easements, Matheson said. There is a short-term drop in value for a property that goes under easement because the restrictions on its usage reduce the number of entities who would have an interest in buying it, but long term it is worth it, he continued. While conservation easements are found everywhere, Albemarle County is especially well represented. Walden explained that you will find just about every large property protected this way in Albemarle.

Marketing Farms and Estates

what it is you are marketing. A horse property would be presented very differently from an historic estate or a mini farm. The next step is to consider who would buy it, and then use the right language to present it. Today 90 percent of buyers start their property search online, so it is critical to use the Internet for marketing. “We were one of the early companies to have an online presence,” Walden said. He explained that their website is very user friendly, and that there are five or six ways to search for properties there making it accessible to people with all different styles of acquiring information. White gets information online using social media, plus various websites and Multiple Listing Services to which he has access. Using all of these routes he is able to get his information to markets as far away as Richmond and Northern Virginia in a very short period of time. His first step though is to hire a professional stager who goes through the house and coaches the sellers about how to make the best impression on buyers. He then gets a photographer to take pictures for a visual tour and for a color brochure. If you are interested in finding a farm or estate, start your search at www.caar.com and contact one of the many local REALTORS® who specialize in this type of property. ■

Farms and estates are substantial properties, which means agents handle the marketing a little differently from a more conventional residential listing. The first step, Patton said, is to know

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

Real Estate HOMETOWN Richmond Serving Metro Richmond & Central Virginia REALTY

“The Exceptional Exception”

Take Your Pick!!

Cameron Wood

804-347-5153 cbwood@htrsi.com

Lil Chenault

111 S. Railroad Avenue • Ashland, Virginia 23005 Direct Office 804-565-3638 www.hometownrealtyservices.com

804-350-5100 lilchenault@htrsi.com

Develop Your Own Organic Orchard & Vegetable Farm Four Perfect Sites – Four Prime Locations

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

Ivy Cliff on The South Anna

Aerial View of Prime 43+ Acres

Survey Plat 43+ Acres

15+ Acres in Louisa County

Aerial Photo of 34.5 Acres

Cropland View of 34.5 Acres

Hanover Quarter

Woodberry Farm

This 43.3 Acres is part of the historic Hanover Quarter Plantation and is considered to be prime agricultural land with soils ideally suited for organic fruits and vegetables. It is located near Hanover Courthouse in Hanover County, Virginia, just 2 miles off RT. 301 in the Kersey Creek, Oak Knoll, and Hanover High schools district. Join other organic fruit and vegetable growers in this excellent market area and start raising your own Hanover Tomatoes, Peaches, Apples, and Berries! Can be subdivided into 4 tracts and Priced at $427,500.

Woodberry Farm Parcel. This 34.5 Acres is part of the historic Woodberry Farm located on River Road in Hanover County, Virginia. The soils are prime and ideally suited for organic fruits and vegetables. Join others who are already organic farming in this neighborhood, raising peaches, raspberries, blackberries, and Hanover Tomatoes!!!. It is located near Hanover Courthouse and convenient to all central Virginia farmers markets. A strong flowing creek provides ample water and local wells produce great flows for drip irrigation. Located in the Kersey Creek, Oak Knoll, Hanover High school district and Priced properly at $250,000.

The

Grove

First offering in 60 years of The Grove, a fine historic, 1787 two story Colonial/Federal Period residence with multiple dependencies and 45 acres of prime pasture and timberland. Listed on the National Register of Historic Places and the Virginia Historic Landmarks Register, The Grove is located on the historic Washington-Rochambeau Revolutionary Route just North of historic Hanover Courthouse and 25 minutes from downtown Richmond. This home and property features four bedrooms, three full baths, formal rooms, family room, kitchen, detached guest/au pair/parents cottage, stables, tobacco barn, garage/workshop, and more. With historic and conservation easement tax credit options available, The Grove is seeking your love and attention. $575,000 Now offered at $510,000

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Ivy Cliff on The South Anna features an immaculate 3,380 sq. ft. of country living in the hearth of Virginia on the South Anna River with a finished in-law or teenager’s suite with its own one car garage. The main living area features three bedrooms and 2.5 baths and formal areas including the front parlor/office and formal dining room. The country kitchen and great room adjoin the rear sun room, screen porch, sun deck, and wrap country porch. For the orchardist, farmer, gardener, mechanic, or just plain hobbyist the 15 acres and the 40’ x 42’ barn/shop provide spacious areas for all your projects and collections! The 320 feet of frontage on the South Anna offers prime irrigation opportunities and all sorts of riparian entertainment! Be sure to bring your telescope, as the starry night skies are spectacular. Priced Just Right at $425,000.

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

Farm, EstatE and rEsidEntial BrokErs

kEsWick - Walnut grove is an impeccably maintained & updated brick residence on 6.9 park-like acres. residence has lr; dr; huge Fr adjacent to kitchen & screen porch; 4 Br/ 3 baths & 3 fireplaces. charlotte dammann (434)981-1250. #507338

doWntoWn classic. gracious 4Br brick residence, superb location just off Park street within walking distance to downtown mall. this charming home is quality-built with well-proportioned rooms, large unfinished basement, detached 1-car garage, private fenced-in backyard. $765,000 steve mclean (434)981-1863 mls#499564

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. $429,000 charlotte dammann (434)9811250 #496288

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nEW countrY ExclusivE – 113 Pristine acres, 14 miles nE of city, offering blend of pastures and magnificent forest, with private elevated plateau for spectacular homesite, panoramic Blue ridge views! Jim Faulconer (434)981-0076. mls#488009

Wonderful 123 acre farm adjoining the north Fork of the hardware river less than 20 minutes to charlottesville. Property has several creeks, attractive pine and hardwood forests, lovely fertile bottomland and 30 or 40 acres of pasture land. long road frontage,great location and loads of potential. $845,000 steve mclean (434)981-1863. #505550

lovely brick home built in 1987 in Farmington. living & dining rooms, library, sunroom, spacious, bright kitchen & guest suite on 1st floor. three bedrooms on 2nd flr. + bonus room, lots of closets & office or playroom. Exquisite grounds, rock walls, slate terrace, garden areas. $1,750,000. Betsy swett, 249-2922, mls#499712

“Woodville” c. 1892 -lovely country estate in a pristine park like setting of over 21 acres in southern albemarle. very private setting with mountain views room for horses. andrew middleditch, (434)981-1410. #504165

IV E

Well designed contemporary on 9 acres in ivy & meriwether lewis school district. Bright & sunny with hardwood floors, rock fireplace in living room, dining room, spacious kitchen, sunroom, lst floor bedroom. master is upstairs plus another bedroom each with bath. study/bedroom in basement, 2-car garage. $739,000. Betsy swett, 249-2922, mls 506707

mElrosE-Exceptional historic Federal home, circa 1813, superbly restored and enlarged, in excellent condition. Features heart pine floors, much original woodwork, moldings, fireplaces and windows. situated on 110 acres of open fields, beautiful hardwoods and creeks, near James river. melrose in a great offering for someone wanting a historic property in excellent conditions, priced right at $1,075,000. call Jim Faulconer (434) 981-0076. mls#506839

ivY vallEY-superb and spacious 6 Br brick georgian; over 11,000 sq/ft offering quality construction, moderate technology; finished with beautiful materials and details; Blue ridge views and mintues to town. Well priced at $1,795,000. Jim Faulconer (434)981-0076.

Pristine mcguffey hill condo- complete renovation 2012. all new: stainless steel appliances, hardwood floors, bathrooms. one block from downtown mall. $ 365,000. Elizabethfeilmatthews@gmail.com 434-284-2105 mls# 505640

stony Point. like new. hardwood floors, gourmet kitchen, two fireplaces, 3 bedrooms, bonus bedroom/office, 2.5 baths, upgrades include: new hvac, new roof, whole-house-generator, fenced yard, extensive decking. mls 502746. $264,000. call Elizabeth Feil matthews, 1-434-284-2105

EnJoY lakE FrontagE, FrontagE on mEchum’s rivEr & exceptional privacy from over 13 mostly wooded acres in Western albemarle! Well-maintained 3Br/2.5Ba contemporary-style residence. gorgeous views & superb location! $765,000 steve mclean (434)981-1863 #497264

503 FaulconEr drivE - charlottEsvillE, virginia 22903 PhonE (434) 295-1131 Fax (434) 293-7377 Email: homes@mcleanfaulconer.com - WEBsitE: www.mcleanfaulconer.com

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

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

Fabulous value and location! classic brick georgian with modern floorplan, over 7000 finished sq/ ft. Excellent craftsmanship and quality materials, main level master, gourmet kitchen, much more. $1,599,000 Jim Faulconer (434)981-0076 #506735

holladaY housE- Queen anne style victorian circa 1883 residence is elegant & gracious. located on the campus of hampton sydney college on 3.38 acre. $395,000 charlotte dammann (434)9811250 #504300

Zions crossroads, louisa-6 acre site, multibuilding warehouse/manufacturing complex with various tenants, Plus plan for new additional free standing 26,000 office warehouse. classic 1031 potential. investor/user. $96,900 in annual rent roll from existing buildings! $999,999 #481537 tim michel (434)960-1124

stonE hill – a superbly-built, and meticulously renovated and maintained traditional residence, circa 1994, with 5 bedrooms and over 7,300 finished sq/ft. this beautiful home is privately situated on 21 acres in Free union with panoramic Blue ridge views, and expertly designed (ian roberson) gardens surrounding the home. there are walking paths, stone walls, a pond, lovely hardwoods and a bold creek! an incredible offering! call Jim Faulconer (434)9810076. mls#507074

octonia highlands - unique preservation community located approximately 20 miles north of charlottesville offering 21 estate parcels ranging in size from 2 to 3.25+/- acres. magnificent farmland, mtn. & Blue ridge mtn. views. Protected area & very scenic! Prices from $95,000 - $175,000. steve mclean (434) 295-1131.

to BE Built - Exquisite farmhouse-style residence, designed by dalgliesh gilpin Paxton architects, set on 37+ acres w/unparalleled pastoral & mountain views at Bundoran Farm. stunning 1st-floor master wing, soaring ceilings & attractive, high-quality finishes throughout. 10-15 minutes south of charlottesville & uva. $3,995,000. mls #505875 steve mclean (434) 295-1131.

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

Farmington- newly remodeled residence in quiet location. traditional home recently expanded, features exceptional mostly one level floor plan: charming reception room w\fireplace, spacious dr w\French doors to covered porch, new kitchen, top quality appliances large master suite. $1,275,000. Jim Faulconer (434) 981-0076

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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Pristine 4 bedroom in redfields. Bright kitchen with large granite island & breakfast bar. open floor plan, living and dining rooms. second floor laundry, master bedroom with extra high ceilings. Professionally landscaped fenced backyard. attached two car garage. $ 344,900 Elizabethfeilmatthews@gmail. com 434-284-2105 mls#506117

immaculatE condition - 3 Br brick home, just south of town, on 1.27 acres, almost level yard, in “like-new” condition. Features include: formal living and dining rooms, spacious kitchen/family w fireplace. large deck, over 2,000 fin.sq.ft. and 2000 unfin.sq.ft. well priced, $369,000. mls#498687. call Jim Faulconer (434) 981 0076

ivY oaks - wonderful 4 bedroom house privately situated on 2 acres in ivy. minutes west of the city limits, convenient to schools, shopping $449,000. charlotte dammann (434)981-1250 #486644

IV E

EnJoY YEar-round BluE ridgE viEWs from this beautifully maintained 4,131+/- finished sq.ft. residence nestled on 9.82+/ acres approximately 12 minutes west of charlottesville. 4 Br, 4 Ba, formal & informal spaces, 3-car garage & gorgeous Blue ridge views in winter. murray/ henley/Western albemarle school districts. $695,000. mls #496068 steve mclean (434) 295-1131 ofc/981-1863 cell.

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MARCH 7 — MARCH 13, 2013 ISSUE 22-10

Farm, EstatE and rEsidEntial BrokErs

kEsWick countrY cluB-spectacular new residence on golf course, PricEd to sEll!!! 10,000 total square feet (7,794 finished), superb quality and craftsmanship, stone and stucco, slate roof, high ceilings, exceptional features: huge gourmet kitchen, spacious main level master suite, two family rooms, bonus room, much more. Priced below tax assessment: $1,695,000. Jim Faulconer (434) 981-0076

BuFFalo lodgE - Wonderful country home with charm and character. 10’ ceilings, spacious halls (5’ wide), sunroom, pool. mountain views. lots of privacy. 2-car detached garage, stable with water and power. meriwetherlewis/henley/Western albemarle. $545,000. steve mclean (434)981-1863 #505944t

Exquisite English country home on a premiere 2.5 acres in keswick Estates. lovely views of the golf course & mountains in the distance yet very private. the architecturally designed 7000+ sq ft residence offers lr; dr; gourmet kitchen; library, & office; media rm & 4 additional Bdrs. c dammann (434)981-1250. #451592 $2,500,000

ivY - Quality 5,600+ fin. sq.ft. custom home on gorgeous rural setting, 42+ private acres, pond, streams, 1 mile of hiking trails - all within 8 miles of uva. $1,960,000. mls #505441. steve mclean (434) 981-1863.

shEEP crEEk Farm - spectacular mountain retreat situated on 96 acres adjacent to the Blue ridge Parkway & Peaks of otter. gorgeous contemporary custom residence w/ multi-level decks overlooking a wonderful mnt. spring creek. andrew middleditch (434)981-1410 or charlotte dammann (434)981-1250.

colthurst Farm - Beautiful architect designed home on just over 3 ac. offers privacy & gorgeous mountain views, all within minutes west of charlottesville! Wonderful open floor, large flat yard area, beautiful landscaping, huge stone terrace area. $1,100,000 steve mclean (434)981-1863 mls#506327

Farmington. traditional styling with updated features. Five bedrooms, formal and informal spaces including a 32 x 16 sunroom with vaulted ceiling and walls of windows surrounded by a wraparound deck. the master bedroom has a seating area with fireplace and beautifully appointed bath. $999,000. elizabethfeilmatthews@ gmail.com 434-284-2105 #506555

thimBlE Farm - gorgeous pastoral & mountain views from over 36 private acres, only 10 minutes west of charlottesville. handsome 1.5-story tommy craven designed brick home, built c. 1949, pool, guesthouse, barn, tenant cottage, garages & other outbuildings, pond, stream. $2,450,000. mls #503708 steve mclean (434) 295-1131.

First timE on thE markEt - 25+ open acres (additional acreage available), 4 acre lake, bold Blue ridge mountain views. custom built home with 8,000 fin. sq/ft, first floor master suite, 6 Br, 5 full Ba, 2.5 half Ba and 14’ ceilings. andrew middleditch (434)981-1410 or steve mclean(434)981-1863.

503 FaulconEr drivE - charlottEsvillE, virginia 22903 PhonE (434) 295-1131 Fax (434) 293-7377 Email: homes@mcleanfaulconer.com - WEBsitE: www.mcleanfaulconer.com

I N

E V E R Y

H O M E S

225 ACRES IN ALBEMARLE COUNTY Fantastic Opportunity! Large Acreage Tract of Rolling Terrain, Mountain Vistas, Close to Scottsville and Charlottesville. Enjoy it Now at Below Market Price and When All is Said and Done You Have the 12 Lot Ballinger Farm Estates Subdivision, Ready to Finish / Build. Beautiful Views, Quiet Privacy. Visit Ballinger Farm. A Great Value in Albemarle County. MLS # 504923

ed er ff O

$ 2 5 0 , 0 0 0

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U N D E R

ON YOUR MARK! GET SET! INVEST! Brick ranch on level 3.49 acre lot with room to grow or subdivide. Just under 1000 Finished SqFt with 2 BR, 2 full BA, FP; 3 storage bldgs, 3 BR septic system, near Lake Orange & Schools. MLS#496588

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

HOMES For Sale FIRST-TIME HOME Buyers PRICE RANGE

$765,000

Contact

MARVIN CAISH 434-760-0063

New Homes

1770 Timberwood Blvd. Suite 101 • Charlottesville, VA 22911

1ST FLOOR MASTER NO HOA Meticulously maintained 3 BR, 2.5 BA home in Foxwood Subd; Convenient to NGIC, shopping, & dining; All appl. updated; New flooring in 2011; All Pella windows & sliding glass door; Sun tunnel; Newly insulated above & below; Privacy fence & rear deck/patio added in 07; Bonus room; 12x22 shed w/electricity. MLS# 503802

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

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The Real Estate Weekly 308 E. East Main Street Charlottesville, VA 22902 Tel.: 434-817-9330 Fax: 434-817-2714 editorrew@gmail.com www.caar.com

MARVIN CAISH 434-760-0063 O F $2 FE 24 RE ,9 D A 00 T

Realty Specialists

DAN CORBIN 434 531-6155

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

The Pros and Cons of a Reverse Mortgage

M CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

By Gina Farthing any people have seen the multitude of TV commercials with wellknown personalities such as actors Robert Wagner, Peter Graves and Henry Winkler, former U.S. Senator Fred Thompson and singer Pat Boone extolling the virtues of reverse mortgages. The actors talk about how a reverse mortgage can allow seniors, age 62 and older, to remain in their homes with no mortgage payments, obtain tax-free sums of cash with which to live their dreams and be used as a financial tool. These claims are all true. One advantage the celebrity spokespeople don’t mention is the ability to purchase a home with a reverse mortgage.

Benefits to reverse mortgages Local mortgage representatives say that though reverse mortgages might not be necessary or desired for some people, a lot of cases make sense. John O’Connor with American Nationwide Mortgage Company has been working with reverse mortgages for just over 10 years.

Just like in the television commercials, O’Connor lists the pros of the reverse mortgage program: • Homeowner retains title to the property and even upon death title can be passed to heirs • Reverse mortgage loans are backed by the federal government with Federal Housing Authority insurance • No monthly mortgage payments • Opens homeowner up to tax-free money for investing, vacations, paying bills and more • Eliminates a debt •

If the home is sold for less than the balance on the loan, homeowners or heirs are not required to make up the difference

• Reverse mortgage applicants receive housing counseling from HUD-certified counselors • No qualifying based on income for a reverse mortgage • Could save a home from foreclosure

Tammy Wilt and Peter Cefaratti, two additional mortgage bankers in Charlottesville, confirm these benefits. “Reverse mortgages are great for people in the right situations,” Wilt said. “Converting equity in your home can lead to a lump sum or a stream of money,” Cefaratti, of PrimeLending said.

Home buying with no monthly payments O’Connor said, “Most of the benefits cover [refinancing], but people also can use a reverse mortgage product to purchase a home. A lot of people don’t know this.” Cefaratti agreed. “Even a renter can use a reverse mortgage to buy a home with no monthly payments.” Wilt had a client who was a first-time homebuyer at age 68. “She’d never owned a home and invested her money,” Wilt said. “When she finally decided to buy, she was

able to get a home with no monthly payments.” What links all the reverse mortgage products, whether a refinance or a new purchase, is equity in the property. That, plus the age of the borrower, are what decide the mortgage amount.

Cons of reverse mortgages The younger the borrower is, or closer to at least age 62, the more equity in the home that is required. For homeowners that have been paying on a regular mortgage for years, equity is something they have built up through their payments over the life of their mortgage. New purchasers have to buy into that equity, meaning a larger amount up front in order to get the reverse mortgage. Wilt said that down payment could be close to 60 or 70 perReverse Mortgages continued on pg. 33

“Even a renter can use a reverse mortgage to buy a home with no monthly payments.”

31 MARCH 7 — MARCH 13, 2013 ISSUE 22-10

Is a

Reverse Mortgage for

you?

They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more.

Common MYTHS to a Reverse Mortgage: Lender takes the deed/ title to your home. This is not true!

You need good credit for a reverse mortgage. This is not true!

Reverse mortgage borrowers owe more than their home is worth. This is not true!

Title on a reverse mortgage is no different than any other mortgage you’ve ever had – only the homeowners are on the title.

A reverse mortgage is only based on your home’s equity and the borrower’s age. Income and credit are not qualifying factors.

Reverse mortgages are “non-recourse” loans which means that the borrower can never owe more than the value of the home regardless of loan balance.

There are several ways to receive the proceeds from a reverse mortgage. • Lump sum – a lump sum of cash at closing. • Tenure – equal monthly payments for as long as the homeowner lives in the home. • Term – equal monthly payments for a fixed number of years. • Line of Credit – draw any amount at any time until the line of credit is exhausted. • Any combination of those listed above.

Please feel free to contact me to discuss anytime or schedule to meet in my office or in the privacy of your home. All meetings are absolutely no-obligation and confidential.

John O’Connor 434-249-4080 or 866-201-4897

Joconnor@AmericanNationwide.com 5690 Three Notched Road, Crozet, Virginia 22932 NMLS ID# 372644, MLo# 8039VA, Virginia State Corporation Commission MC-2457

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Reverse mortgages are a special type of federally insured home loan that allows seniors to convert the equity in their home into cash.

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HOUSE & HOME MARCH 7 — MARCH 13, 2013 ISSUE 22-10

RESIDENTIAL BROKERS

417 P ark S treet , C harlotteSville , va 22902 WATERFRONT CUSTOM HOME

Fabulous home over looking a lake w/ soaring ceilings, & state of the art kitchen. Features include: full terrace level, 1st floor mstr suite, an additional 1 BR suite w/ kitchen over the garage, terraces and porches that extend the entertaining space to the stunning setting outside. Custom features list upon request. $689,900

CALL SHARON 434-981-7200

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

GREAT VALUE IN KEY WEST

Reverse Mortgages continued from pg. 30

cent the closer a person is to 62, but O’Connor said he had seen it for much less. O’Connor added that to be clear, no down payment is due on a traditional reverse mortgage. That is the major difference between a reverse mortgage and a conventional mortgage. “Probably less than one percent of reverse mortgages are [new] purchases,” said O’Connor.

“Most of the benefits cover refinancing, but people also can use a reverse mortgage product to purchase a home. Another fact that some might consider a downside to the reverse mortgage product is that the homeowner must still carry homeowners insurance and pay their property taxes, since the home is still owned by them. There also will be different closing fees based upon which reverse mortgage product is selected, plus appraisal fees and the FHA insurance fee.

The age requirement can also be viewed in a negative light. Since the minimum age is 62, couples that have one partner younger than the minimum can only be qualified on the partner that is 62 or older and reverse mortgage amounts are determined on the age of the youngest partner over the minimum. With a reverse mortgage, equity in the property declines, versus how it increases with a conventional mortgage product, thus the balance on the loan increases due to accruing interest. “It’s eating up equity,” Cefaratti said. “Ideally, there should be equity at the end of the reverse mortgage so the home can be kept or sold.” Reverse mortgages come due when the homeowner moves or passes away. “They can be paid back through any means,” he said, “including cash, a reverse mortgage or a regular mortgage. But if your home is worth less than the amount owed on the reverse mortgage loan, neither your estate nor your heirs are on the hook for the deficit.”

Product education a must All three mortgage bankers agree that when a homeowner is interested in finding out more about reverse mortgages, they should contact a lender that handles the product and use the mandatory housing counseling to have all their questions answered. “It’s unbiased and it makes sure the client understands the program,” Wilt said. “It’s a great thing about the program. It protects the borrower.” ■

CALL SHARON 434-981-7200

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

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

NEW IN BELMONT CLASSIC VICTORIAN “GINGERBREAD” 4 bedrooms and 2 full baths. Only 1.5 blocks from Belmont restaurants and short stroll to ACAC and Downtown Mall. The rooms are large with high ceilings, gleaming hardwood floors and much original detailing. Kitchen was re-done a short time ago and has glass front cabinets, butcher block countertops and warm Tuscan tile floor. Large deck , basement for storage plus fenced yard. Exterior newly painted. $368,000.

RING SONJA 434-981-3523 REDFIELDS

Attractive home on cul-de-sac, in much sought after subdivision. Convenient to UVa, I-64 and Downtown. Very private lot, backs up to woods and natural area. Hardwood floors up and down, gorgeous hand crafted custom cabinets in kitchen, whirlpool tub in master bathroom. Open floorplan with fireplace in family room, walkout bay window in living room, wainscotting in dining room & hallway. $379,900

RING SONJA 434-981-3523

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

A couple meets with a mortgage representative

Come and enjoy a wonderful lifestyle w/ large lots & diverse home designs. Take a walk by the ponds or down the private lane to the pool & tennis courts. New appliances, quartz counter tops in the kitchen, mstr suite w/ a fp & sunroom, large fam room w/wet bar, woodstove fp, & built-in bookcases. Additional sunroom or craft room, extra large closets, 2 storage sheds & workshop. $274,900

Make the SMART Make MOVE the

34 MARCH 7 — MARCH 13, 2013 ISSUE 22-10

Union Hill Parcel Nicely wooded 10.33-acre

SMART MOVE

parcel with roadway into site. Easy access and building. Just 15 minutes to Lovingston and close to the James River access in Wingina for floating, fishing and swimming! $50,000

1209 Hill Hollow Road Private 6.65 acres just minutes from Nellysford, Wintergreen, Stoney Creek, Afton and Route 29. Easy commute to Charlottesville or Waynesboro. Small meandering stream and rock outcroppings on this property make it a perfect retreat of primary residence. This 2 BR, 2 BA home has quality construction with Hardi-plank siding, tile in kitchen/baths, hardwood floors, covered deck and $229,000 front porch. Land is open and wooded. Great gardening spot.

600 Hunter’s Point Nestled on a cul-de-sac, overlooking the 4th fairway of Stoney Creek Golf Course, a gentle stream and the Blue Ridge beyond this 3 BR, 2.5 BA Craftsman-style custom home is a must see! This “green built” home uses energyfriendly technology. Features include granite counters,stainless Kitchen Aid appliances, large media/den, loft office, covered porch with Trex, large closets and over 1600 square feet unfinished space to finish or for storage.

■ Direct service to 30 states

STORAGE you want delivery ■■STORAGE untiluntil you want delivery Climate-controlled warehouse ■■Climate-controlled warehouse ■■Fully trained, experienced personnel Fully trained, experienced personnel

$549,000

■■Licensed, fullyfully insured Licensed, insured ■ Call for a free estimate

■ Call for a free estimate

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

(434) 977-2705 • www.studentservicesmoving.com

6540 FREE UNION RD

www.charlotteramsey.com

BEAUTIFUL CAPE W/OVER 5,000 FIN SQ FT ON 6.55 ACS In Free Union. 4 BR, 2.5 BA in Main Hse Spacious Apt w/Hdwd Flooring Over 2-Car Garage Great Rm w/Double-Side FP To Fam Rm Formal LR & DR, Wrap Around Deck. Mtn Views MLS# 496306 $450,000

JULIE HOLBROOK, 434/989-4415

TOWN CENTRE – HEART OF STANARDSVILLE 3,654 Total Finished Sq. Feet 2 Apartments & 2 Commercial Spaces Perfect for Retail, Offices & Residential Public Utilities & Off-Street Parking MLS# 506378 Offered at $362,500.

MARGARET RAMSEY, 434/953-7057

6323 COMMUNITY HOUSE ROAD Two Story Colonial on 5+ ACRES Three Bedrooms, 2.5 Baths Living Room, Dining Room & Kitchen Fresh Paint & Carpet Would Make This Home Feel Like New! MLS# 506831 $157,500

JULIE HOLBROOK, 434/989-4415

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11178 MITCHELL RD

434-296-7171

“Personalized Real Estate Service”

MARGARET RAMSEY, 434/953-7057

MITCHELL RD, CULPEPER CO. 2 Bedroom, 2 Bath Bungalow 3.23 Fairly Level Acres Property Sold “As Is” MLS# 504555 $49,500

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

2222 WILLIAMSBURG RD

3 Bedrooms, 1.5 Baths Living, Dining & Kitchen w/Vaulted Ceiling Laminate Floors, Oak Cabinets Vinyl Siding. Low Maintenance MLS# 506077 $169,900

ROBERT RAMSEY, 434/242-2280

3415 FOXWOOD DRIVE

FOXWOOD FOREST Gorgeous Home on 2.11 Acs Gourmet Kit w/Granite Countertops & Island 4 BR (1st Flr Master), 3.5 Baths. 4,741 Fin Sq Ft LR w/Rock FP, Blt-in Bookshelves & Cathedral Ceilings 2 Car Garage. MLS# 505181 $550,000

MARGARET RAMSEY, 434/953-7057

17 HOPI WAY

HOPI WAY – LAKE MONTICELLO 4 Bedrooms, 2.5 Baths. Lots of Natural Light Hdwd Flrs in Foyer, Dining Rm & Living Rm Large Eat-in Kitchen, Fireplace With Gas Logs Large Deck off Family Rm. Over-sized 1 Car Garage Dual Zone Heatpump. Move-in Condition. MLS# 505626 $184,900

JULIE HOLBROOK, 434/989-4415

909 GRAYSON AVE

WAYNESBORO – COTTAGE CHARMER 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 $120,000

JULIE HOLBROOK, 434/989-4415

187 FIR TREE LANE

SPACIOUS UPGRADED MODEL IN PREDDY CREEK! 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

MARGARET RAMSEY, 434/953-7057

514 PARK PLAZA

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

ROBERT RAMSEY, 434/242-2280

416 MONTVIEW DRIVE

BEAUTIFUL A-FRAME HOME ON NEARLY 4 ACS 3 BR, 2 BA Plus Lg Great Rm, Eat-in Kit, Den/Fam Rm Private Master Suite Upstairs. Full Walk-out Bsmt Wide Wrap Around Porch. Easy Commute to Ch’ville MLS# 503481 $215,000.

MARGARET RAMSEY, 434/953-7057

MILLER SCHOOL ROAD

3 BR, 2.5 BA, Home Office Lg Fam Rm, Kit w/Breakfast Nook FP/Wdstove Insert. 1,000 Sq.Ft. Wkshop w/Attached Stalls. 6.36 ACS Pasture w/Bd Fence. Easy Access to I-64 Baby Boomer’s Dream! MLS# 506001 $389,900

JOHN MIMMS, 434/882-2019

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1624 Overlook Condo

Located on the end of the cul-de-sac on an oversized lot fronting on the 17th green, this likenew home features a vaulted great room, gourmet kitchen, 4 bedrooms, separate family room, and covered deck. Walk across the 17th green to visit the Wintergarden Spa, Nature Foundation, and to catch the ski shuttle. $519,000. Contact Brian Chase www.goWintergreen.com 434-296-9860 (507361)

Great value on a seldom available, 4 bedroom and 4 full bath Overlook condo. Spectacular views. Dramatic vaulted ceilings. Open floor plan between great room, kitchen, dining room. Large wrap around deck and wet bar, great for entertaining. Huge master suite and bath. Walk to tennis, golf, spa, dining. $399,500. Contact Brian Chase www. goWintergreen.com 434-296-9860 (507457)

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23 Shenandoah Ridge

2034 Stone Ridge Condo

Five bedrooms and almost 2300 finished square feet for only $389,000! Fully furnished and ready to enjoy today, this vacation getaway has hardwood floors in the main living area, Corian kitchen counters, wood burning fireplace, and decks overlooking the Shenandoah Valley. Great location near Spa, Golf, Tennis and Devils Grill. Listed by Steve Marianella 434-566-1293, smsales1@aol.com (506924)

New f looring, new kitchen cabinets and granite counters, new bath vanities and f looring, new furnishings. Views of 18th fairway on Devils Knob course. Adjacent to Spa and two minutes to tennis, skiing, dining, shops. $194,750. Contact Brian Chase www.goWintergreen.com 434-296-9860 (506956)

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157 Mountain Inn Invest now in this Gold rated rental unit at Wintergreen! Furnished and bringing steady revenue, this condo has a kitchenette, full bathroom, family room and loft bedroom with two beds. Located in the Mountain Inn village you can walk to shops, restaurants, skiing, skating and many summer festivals right out your door. Invest now before prices rebound! Listed at $118,000 Steve Marianella 434566-1293, smsales1@aol.com (506827)

67 Pedlars End Great location near slopes on a quiet cul-de-sac with .62 acres with more green space surrounding. Beautiful winter views of Highlands ski trails and mountains. Charming home with lots of windows for natural light. A must see and a great value for under $300K. Turnkey Furnished with some exclusions. $299,000. Call Rod Phillips 434-987-6399. (507237)

16 Chestnut Lane

47 Bucksaw Lane

Enjoy this contemporary 3 bedroom + bonus room mountain retreat with additional space in a loft! Open f loor plan with new hardwood and tile f looring. Plenty of parking and close to the Mountain Inn. Value priced at $235,000. Call Tim Craig 540-416-8498.(505120)

Private wooded lot on cul de sac at Wintergreen. Priced to sell, hold as investment or build here now. Seasonal views. Listed by Steve Marianella at $45,000, 434-566-1293 or smsales1@aol.com. (498182)

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78 Fox Run ~ Stoney Creek 1+ acre lot at the end of a quiet cul-de-sac. Right around the corner from the Lake Monocan beach and picnic area, and just 2 minutes to golf, tennis, hiking, dining, fishing. Nearly level for easy building. Bring your own builder or contact us for recommendations. Reduced $10,000!! Now just $43,100. Listed by Brian Chase www.goWintergreen.com 434-296-9860 (488833)

1418 Highlands This top f loor two BR, 2Bath unit has been updated, freshly painted, new carpeting, new window treatments and more. This is the lowest priced Highlands, in immaculate condition, nicely furnished and ready for the ski season! Ski out from this unit makes it an ideal location for family fun and rental friendly. Currently on the Wintergreen rental program, buyer may continue this if desired. Asking $160,000, call Joan Mummery @ 434-531-5033. (505027)

335 Dobie Wonderful 2 bedroom/2 bath Dobie. New f looring 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. $189,000. Call Rod Phillips 434-987-6399. (501776)

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

415 Pedlars Edge Drive

Blue Ridge Mtn Acreage

Level lot in quiet area of resort on Blackrock side of Wintergreen Resort. Mature hardwoods throughout lot, lots of privacy. Bring your builder or let us introduce you to one of ours. $52,500 Call Steve Marianella 434-566-1293 www.ExperienceWintergreen.com (489885)

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

remier Properties

Preserving the Wintergreen legacy - Protecting your investment. The Mountain Inn P.O. Box 706 | Wintergreen, Virginia 22958 The Mountain Inn P.O. Box 706 Wintergreen, Virginia 22958 Toll Free: 866-905-9777 | Office: 434.325.8018 | Fax: 434.325.8017 Toll Free 866-905-9777 434.325.8018 Fax 434.325.8017 wintergreenresort.com web: wintergreenresort.com email: homes@wintergreenresort.com homes@wintergreenresort.com A partnership with Roy Wheeler Realty Company.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

195 White Oak Drive Only $182,500 for a home at Wintergreen! Check out this 3 bedroom, 2 bath home, only a short walk from the Mountain Village. Private and quiet lot, large decks, kitchen upgrades and more. Listed by Steve Marianella at 434566-1293 or smsales1@aol.com (507056)

87 Stone Chimneys Drive Excellent 1.3-acre building lot close to Stoney Creek Clubhouse. Level & open w/perimeter of trees for privacy. Mt. views. Public water. Buy now, build whenever. $59,000. Contact Dawn at 800-417-1890, Dawn.Perusse@mris. com (506955)

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

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Melina Vaughan, 434.466.8144

Shann Whited, 434.962.4

www . M ontague M iller. com

WAYNESBORO

Unique city home in park-like setting. Family rm w/brick FP & built in shelves. Island kit connects to DR. Formal LR & FP. MBA w/ walk-in tub. 2nd floor bonus rm, FP & full BA. Gazebo. Det Garage/shed. MLS# 507514, $209,900. Kyle Olson, 540.649.4131

SOUTHERN ALBEMARLE

Chermont Farm -30 acres w/views across James Rvr valley. 1957 farmhouse, 5stall stable w/bath, heated tack rom, & old winery blding converted to 3 rental apts. MLS# 506465, $439,000. Carter Montague, 434.951.7156

FISHERSVILLE

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Immaculately detailed home w/lg kit, DR w/trey ceiling, sun room, private den, marble FP mantle. 2 car garage, walk in bsmnt storage. Professionally landscaped. MLS# 505007, $339,000 Kyle Olson, 540.649.4131

WESTERN ALBEMARLE

3.36 acres! Views from porch! Lg foyer, formal DR, home office, great room, 1st floor MBR suite, 3 lg BRs upstairs, screened porch! 2 car garage w/bonus unf storage space! MLS# 504884, $575,000. Sasha Farmer, 434.260.1435

AVON PARK

Min from everything! 3 BRs, open plan w/kit, DR & LR on main floor, hrdwd floors. Oversized cabinets, eat-in area & lg pantry! MA suite w/dual vanities, walk-in closet! Stunning MTN VIEWS! MLS# 507490, $245,000. Sasha Farmer, 434.260.1435

SPRING CREEK

Garage, Basement, like new condition, you can have it all. Certified ENERGY STAR Builder and JUST AWARDED the 2012 Energy Star Partner of the Year! MLS# 506439, $219,900. Carol Costanzo, 434.962.1419

ALBEMARLE

Open land surrounding this cute country cottage! Over 13 acres part cleared, part wooded. 3 BRs, 1 lg full BA. Porch and landscaped yard. MLS# 504970, $265,000. Rives Bailey, 434.227.4446

DOWNTOWN CONDO

Fantastic downtown 1 BR condo - top floor w/great views & lots of natural light. Minutes from downtown mall. Bamboo flooring, elevator and reserved parking space. MLS# 506009, $242,500. Glenda Howard, 434.981.0839 www.montaguemiller.com/openhouse

New to the Market

View All Area Homes for Sale and Upcoming Open Houses

New to the Market

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

STAUNTON

Ranch on 3.16 Acres. Kit opens to Fam rm, brick FP. Formal LR & DR. Sun Room. MBR w/private BA. Fin bsmnt, family area, 2 office rms. 2 car garage & wrkshp. Det garage & shed. Mtn views. MLS# 507499, $325,000 Kyle Olson, 540.649.4131

ALBEMARLE

Immaculate property in Still Meadow. 5 BRs, 4.5 BAs w/ample living & storage space. Extensive landscaping w/views from screened porch. Spacious interior, renovated kit. MLS# 502811, $539,000. Rives Bailey, 434.227.4446

SPRING CREEK

15 min E of Cville w/Winter views of Golf Course. 3,942 sq ft & 4 BRs, 3.5 BAs, fin. terrace level & 2 car garage. Gourmet kit w/granite counters, hrdwd floors. MLS# 505700, $339,000. Anita Dunbar, 434.981.1421

MERIWETHER-LEWIS

Just off of Owensville Rd, on semi-private, wooded lot. Tons of natural light in all 3 BRs. First floor MBR w/att BA & laundry rm. Lg LR & DR connect to renovated Kit w/breakfast bar. MLS# 505728, $267,000.Rives Bailey, 434.227.4446

CHARLOTTESVILLE

WONDERFUL INVESTMENT PROPERTY W/ 2 YR TENANT.. Fresh Paint, shows great! WONDERFUL LOCATION to Historic Downtown and University of Virginia. Great condition! MLS# 507428, $239,000. Glenda Howard, 434.981.0839

WALKER SQUARE

3rd floor w/1 flight of steps to front door. Oversized windows facing North to Main St. ALL appliances convey incl. SS refrigerator, Elec.Range, Microwave, DW, Garbage Disposal, W/D. MLS# 506287, $190,000. Trish Owens, 434.825.5393

OLD BALLARD FARM

Custom Gaffney Home. 6 BR/5.5 BA w/ gourmet chef’s kit, cherry cabs, granite counters, lux MA suite w/FP, marble, heated floors. FR w/coffered ceilings & FP, 3 car garage on 2 acre lot. MLS# 500959, $899,999. Rives Bailey, 434.227.4446

BENTIVAR

Custom built Barry Meade Home on 2 acre lot w/5BR, 3 1/2 BA, formal LR/ DR, gas FP. Lg MBR w/FP. Walk-out terrace level with beautifully landscaped yard. MLS# 497349, $625,000. Carol Carder, 434.242.0459

434.973.5393 800.793.5393 Charlottesville Westfield

n Whited, 434.962.4741

Montague Miller & Co Realtors

MINUTES FROM ZIONS XROADS

Beautiful home on 3 level ac. No HOA fees! Main floor w/kit, brkfast island, eat-in area, LR, DR, & GR! MA suite w/lux BA, & walkin closet! 5th BR/bonus rm + det suite w/full BR, BA, & wrkshp. MLS# 507420, $375,000. Sasha Farmer, 434.260.1435

GREENE COUNTY

3 BR/3BA home w/full bsmnt family rm, pellet stove, wrkshp & tile floors. Ground floor MA suite & cathedral ceilings. Movein ready. Appl. convey. New decking, carpets, & fenced-in yard. MLS# 506218, $187,000. Jamie White, 434.906.3944

NORTH GARDEN

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

STAUNTON

Loaded w/upgrades! Tall ceilings, custom trim & heart of pine floors. Chef’s Kit w/soapstone counters, high end appliances, wet bar, wine cooler. Remodeled brick FPs. Tin ceiling, claw foot tubs & heated flrs. MLS# 507404, $289,900. Kyle Olson, 540.649.4131

BELMONT

2 BR duplex, sold “AS IS”. Currently occupied by long-term tenant. Unit B update in 2008. Deck off Kit. Off street pking. Views of Moore’s Creek from the rear of property. O/A. MLS# 506190, $170,000. Shann Whited, 434.962.4741

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, $945,000. Rives Bailey, 227.4446

ADVANCE MILLS VILLAGE

Elegant country living in central VA. Pretty brick cape cod homeplace is set back on Marsh Run, 7.9 ac parcel. Quality finishes in every room. 3 BR 3 BA w/wrap-around porch. MLS# 506096, $499,000. Joe Porterfield, 906.1616

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, $539,000. Sal Milione, 434.882.4000

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. $525,000. Rives Bailey, 434.227.4446

L A N D O P P O RT U N I T I E S NEW! 6 CHARLOTTESVILLE CITY LOTS

6 lot development ready to build-out. Sub-division plans completed thru planning office approval. Possible owner financing. Rare offering near Fry Springs neighborhoods. MLS# 507328, $275,000. Jamie White, 434.906.3944

CAMELOT IN ALBEMARLE

Minutes to NGIC. 3 BR, renovated BA w/ hardwood floors, FP, 21 SEER heat pump. New paint, windows, doors, & insulation. Shed with heat/AC. A must see, call TODAY! MLS# 504756, $170,000. Shann Whited, 434.962.4741

NEW! WESTERN ALBEMARLE

Private building site, no HOA. Easy access to Cville & Crozet. Piedmont Construction proposed det. home or bring your builder. 5+ acres with creek in very desirable area. MLS# 507378, $159,000. Carol Costanzo, 434.962.1419

434.227.4444 866.435.9764 Charlottesville Downtown

HOWARDSVILLE - NELSON CO. Enjoy rural living - beautiful blding lot w/ access to James River. 5 acres open pasture land w/private rd front in Highlands on the James. Great for horses & residence. Deeded access to 30 acre recreation area. MLS# 504444, $35,000. Carter Montague, 434.951.7156

NEW! CITY OF CHARLOTTESVILLE

Lots ready to build. Water/septic street connections in place. Rare offering in the city near Fry Springs neighborhood. Adjacent Lot 2 is also available, see MLS# 507282. MLS# 507311, $87,500. Jamie White, 434.906.3944

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

REDLANDS, C. 1910

Hunt Country estate set on 8.93 ac. on outskirts of Orange Co. Greek Revival manor w/grand portico, elegant foyer, formal rooms, lg MA suite, & fin. bsmnt. 5 BRs, 5500 fin sq ft. MLS# 499082, $649,000. Carter Montague, 4962.3419

WESTERN ALBEMARLE

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

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

New to the Market

Raising Your Expectations of a Real Estate Company for 65 Years

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

HOME SALES S T A T S FOR THE WEEK ENDING 02-22-13

There were

30 SALES in the seven-county area. • Fourteen were in Albemarle with an average price of $431,353. • Six were in Fluvanna with an average price of $162,057. • Two were in Greene with an average price of $163,250. • Two were in Louisa with an average price of $160,950. • Six were in Nelson with an average price of $200,833.

Local Government Information

THE

(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: $0.5981 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: $.59 cents per $100 of assessment 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

Staff : ADVERTISING Beth Wood ads@caar.com 434.817.9330

Lindsay Bowerman salessupport@caar.com 434.220.1685 EDITORIAL COORDINATOR Joanne DiMaggio editorrew@gmail.com GRAPHIC DESIGN Max March max@c-ville.com Lian LaRussa lian@c-ville.com Sean Raynor sean@c-ville.com

CAAR The REAL ESTATE WEEKLY is published weekly by the CAAR Real Estate Weekly, Inc., a wholly owned subsidiary of the Charlottesville Area Association of REALTORS®, 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 REALTORS®, Inc., assume any responsibility and shall have no liability whatsoever for errors, including without limitation, typographical errors or omissions in the REAL ESTATE WEEKLY.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Any reference made to the CAAR Real Estate Weekly, Inc. or the Charlottesville Area Association of REALTORS®, 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 REALTORS®. 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.

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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

G S TI N LI EW N

CATTAILS ~ Custom built home nicely situated on 7 acres between Gordonsville & Keswick. Stunning mountain views enhance this very well built Rinehart home which includes Geothermal heating & cooling, custom woodwork throughout, large kitchen with high-end appliances and quartz counters. The house has been meticulously maintained by the owners and is in like-new condition. MLS#505454 $579,000 Justin Wiley

TWILLINGATE ~ 100 year old cabin incorporated into high-end custom home. Superior construction, materials and finishes; no expense spared. On the edge of the historic village of Brownsburg long, pastoral and mountain views. A one of a kind property for a discerning buyer. Large kitchen with everything custom. MLS#506136 $695,000 Peter Wiley

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THORN HILL ~ Significant Rockbridge estate on the outskirts of Lexington. Impeccably renovated manor home; a rare combination of a true historic restoration with all modern amenities. Thorn Hill has been home & host in a grand Georgian style to founders & luminaries alike. Built by Gen. John Bowyer of the Revolutionary War, & owned by a founder of W & L Law School. Good stable & pasture for horses or livestock. MLS#506578 $1,950,000 Peter Wiley

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COUNTRY LIVING IN VIRGINIA

MARCH 7 — MARCH 13, 2013 ISSUE 22-10

FAIR OAKS ~ 356 acres located in the heart of the Historic Green Springs, just 15 minutes from Charlottesville. The circa 1895 house has been completely renovated from the ground up and has a commanding view of the surrounding country side. The 3 bedroom, 2.5 bath home is complimented by a 2 bed guest cottage, a stunning pool house and pool. The grounds are all professionally landscaped with numerous stone walls. Farm is fenced for horses and cattle and has numerous year-round streams. Additional land can be purchased. MLS#506645 $2,950,000 Justin Wiley

STONY POINT ROAD ~ Recently renovated cottage and property close to town. Both home and property are in excellent condition. House has a first floor master. A perfect, small farm or Huntbox. Privately situated on 14 acres and surrounded by beautiful old hardwoods and native trees. New stable, run-in shed and fencing. Lovely pastures and fields for exercising horses or other agricultural pursuits. Spring fed pond. Low maintenance. Turnkey. Nine miles to downtown Charlottesville. MLS#505830 $535,000 Peter Wiley

LITTLE ENGLAND ~ c. 1716 - Historic Georgian home is one of Virginia’s least altered and best preserved colonial plantation homes. The property is bounded by the York River and Sarah’s Creek which provides protective docking for a large yacht. Little England’s fourteen rooms showcase some of the finest examples of colonial paneling and woodwork in Virginia. MLS#460033 $3,950,000

FRAYS MOUNTAIN ROAD ~ Beautiful estate parcel with great Blue Ridge mountain views. Property has a wonderful building site overlooking a pond. Ideal as a small horse property or just ample amount of room for privacy. Convenient to both Charlottesville and the airport yet very private. MLS# 486376 $425,000 Justin Wiley

MONTFORD ROAD ~ 133 acres of gently rolling, rich farmland in the heart of Somerset. An estate caliber property currently in four parcels. Panoramic views of the Blue Ridge Mountains and excellent soils. Across from Montpelier, surrounded by estates and farms. Excellent candidate for conservation easement. MLS#506495 $1,350,000 Peter Wiley

To inquire about these properties and other fine properties, please contact

JUSTIN WILEY, (434) 981-5528 • jwiley@farmandestate.net PETER WILEY, (434) 422-2090 • pwiley@farmandestate.net

4 1 7 PA R K S T R E E T • C H A R L O T T E S V I L L E , VA 2 2 9 0 2 w w w. f a r m a n d e s t a t e . n e t

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

“FINDOWRIE” ~ Considered to be the earliest, unaltered house in Albemarle County. The house has many interesting architectural features including a chimney pent with shelves between the chimneys. The house sits on 150+/- acres, which are completely private, yet conveniently located in the Campbell area of Keswick. MLS#496120 $1,250,000 Justin Wiley

401 Park Street Charlottesville, VA 22902

434.977.4005 lwoodriff@loringwoodriff.com

CIRCa 1800 bRICk MaNOR ON 8.5 aCRes

Rockfish Gap

68 aCRes IN WesTeRN aLbeMaRLe

129 TRaNquIL aCRes IN aLbeMaRLe

13 aCRes IN MuRRay sChOOL DIsTRICT

5 aCRes, Lake FRONTaGe IN ROseMONT

speCTaCuLaR bLue RIDGe vIeWs

sOLD WINTeR 2013

EdGEwood

206 aCRes IN sOMeRseT

$3,695,000