WWW.CAAR.COM
VOL. 26 NO. 2 n JANUARY 11 - JANUARY 17, 2017
A P U B L I C AT I O N O F T H E C H A R L O T T E S V I L L E A R E A A S S O C I AT I O N O F R E A LT O R S ®
FREE
A PUBLICATION OF THE CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS® Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange
? Questions to Ask Your
Mortgage Lender
Charlottesville’s
New
Construction Market Continues to Impress BY CELESTE M. SMUCKER
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
2
EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers
RED BIRD LANE New home in Northern Albemarle on 2.5 acres. Open kitchen with island, gas range and granite countertops. Great room offers vaulted ceiling, hardwood floors and a fireplace. Full basement with family room and bathroom. 2 car garage. $349,900
ROSSER LANE Traditional home in ideal Charlottesville location. 3 bedrooms and 2.5 baths with master on first floor. Gourmet kitchen with marble countertops and large island. Walk out basement with family room. 1 car garage. $848,000 UNDER CONTRACT
CONVENIENCE AND LOCATION
Great floor plan in Redfields. Luxurious master bedroom on main level with 3 further bedrooms and loft upstairs. Quality Craig Builders construction with many upgrades including , gas fireplace, vaulted ceiling, ceramic tile, Palladian windows etc., Eat in kitchen has sunny breakfast nook, master bedroom has tray ceiling. 2 mi. from UVa and close to new Wegmans and Downtown. HOA takes care of yard and exterior maintenance. Community pool , playground and trails. $334,900
CALL SHARON Over 25 years of Real Estate experience. email: callsharon.today@yahoo.com cell: 434.981.7200
LOCUST LANE
New home on elevated lot, move in ready. Open floor plan with 3 bedrooms
and 3 full baths. Kitchen has granite countertops, stainless appliances and hardwood floors. Great room has vaulted ceilings and a fireplace. Full basemant with family room and bath. 2 car garage. $226,900
RIVANNA FARM
Waterfront Georgian manor with Blue Ridge views. 2 story estate with slate roof and cobblestone court. Faced by matching 2 story dependencies. Elegant public rooms and an elevator for ease of access. Farm offers: manager’s and gardener’s houses, pool and pool house. Beautiful 3 acre lake.
FOXCROFT
SOLD
This has it all! Mountain views yet 5 mins. from Downtown, 10 mins. from UVa, and a stone’s throw from the new Wegmans and close to schools. Four bedroom, sun drenched colonial with 2 car garage and finished basement. Move in condition and beautifully landscaped with low maintenance in mind plus round year interest. Community pool, playground, clubhouse and trails. $397,500.
Sonja Casero
Multi-million-dollar top producer. email: sonjac2702@gmail.com cell: 434.981.3523
WWW.MCLEANFAULCONER.COM
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
503 Faulconer Drive Charlottesville ∙ VA ∙ 22903 p: 434.295.1131 f: 434293.7377 e: homes@mcleanfaulconer.com
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
3
Nelson County gems!
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
4
102 Towler Way Bring your horses!
25 GRAEMONT LANE
Open Sunday, January 15, 1-4 pm
Find a Home
SET ON A PRIVATE 12 ACRE LOT near Earlysville, this delightful four bedroom home has a first floor master bedroom, large family room that flows into the beautiful eat-in kitchen, a huge custom screened porch overlooking a great yard! Just 10 minutes to Charlottesville Airport! $599,900. Mike Peters 951-5119/9813995. (552568)
24/7
The Real Estate Weekly online
Hosting Agent: Mike Peters Directions: From Town head north on Rt. 743 to Earlysville, left on 660, left on 661 (Reas Ford Ln) 1st left (into Graemont West entrance, first driveway on the right. INCLEMENT WEATHER CANCELS.
A Virginia Tradition Since 1927
New issues posted every Thursday!
www.caar.com
Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903 Ph (434) 951-5155 • F (434) 951-5190 homes@roywheeler.com • www.roywheeler.com
Print Advertising has
MUSCLE!
CaLL 434.817.9330 to givE yoUr ad UMPh!
At the end of a quiet country lane sits this picturesque farmette consisting of 28+ acres. Home offers 3 BR, 2 BA, great room with fireplace, family room and a bonus room. There is a garage and a two-stall horse barn. Approximately 2 acres in fenced pasture. The remaining acreage is wooded and provides ample space for creating trails for riding and walking.
Reduced price! $399,900
9704 Patrick Henry Highway This 1840 Virginia farmhouse offers a huge living room, cozy den and wet bar, country kitchen, dining room, sunroom, 3 BR (with private baths), bonus/loft room and another full BA. Hardwood floors throughout. Porches, decks, gazebo gorgeous landscaping, views and multiple building sites on this 47-acre farm. Several outbuildings and fenced for horses or cattle. Close to Nelson County amenities and Wintergreen. $579,000 1059 Bryant Mountain Road Few homes possess the warmth and sophistication found in this 3 BR, 3.5 BA home. Sightlines offer an uninterrupted prospect across the Blue Ridge. Heated tumbled agate and reclaimed wood flooring, custom fixtures, including a deep-basin, hammered-copper kitchen sink, and a professionally designed fountain garden are a sample of the qualities of this fine home. Near Wintergreen, the Blue Ridge Parkway and the best of Nelson County’s agri-tourism businesses. $775,000
(800) 361-5155 • (434) 361-2440 www.MountainAreaRealty.com 2788 Rockfish Valley Highway • Nellysford, VA 22958
Your Builder of Choice CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
Celebrating Over Eighty-Five Years
MODEL HOMES OPEN DAILY 12-5 CRAIGBUILDERS.NET
434 .973.3362
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
5
DetacheD Brownstones Downtown The first of its kind in Charlottesville
Lindsay Milby
Lisa Lyons
ASSOCIATE BROKER, PRINCIPAL LORING WOODRIFF REAL ESTATE
REALTOR® LORING WOODRIFF REAL ESTATE
434.962.9148 lindsay@lindsaymilby.com
434.987.1767 lisalyons77@gmail.com
W W W. C A N D O R O W. C O M
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
A short stroll to the historic pedestrian mall, each all brick three bedroom home offers over 3,200 sq ft, two car garage, private elevator and rooftop terrace with downtown and mountain views. Meticulous craftsmanship describes the interior finish details which include a gourmet kitchen with Wolfe range and Subzero refrigerator, full floor master suite with spa inspired bath, 9’ & 10’ ceilings, extensive trim detail and finish in place hardwood floors. Owners have the opportunity to customize the interior spaces and finishes.
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
6
EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers Farm, Estate and Residential Brokers 503 Faulconer Drive ∙ Charlottesville ∙ VA ∙ 22903
What’s
Inside: JANUARY 11, - JANUARY 17, 2017
RED BIRD LANE
A P U B L I C AT I O N O F T H E C H A R L O T T E S V I L L E A R E A A S S O C I AT I O N O F R E A LT O R S ®
FREE
A PUBLICATION OF THE CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS® Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange
? Questions to Ask Your
Mortgage Lender
Charlottesville’s
New
Construction Market Continues to Impress
9
New home in Northern Albemarle on 2.5 acres. Open kitchen with island, gas range and granite countertops. Great room offers vaulted ceiling, hardwood floors and a fireplace. Full basement with family room and bathroom. 2 car garage. $349,900
WWW.CAAR.COM
VOL. 26 NO. 2 n JANUARY 11 - JANUARY 17, 2017
BY CELESTE M. SMUCKER
LOCUST LANE
New home on elevated lot, move in ready! Open floor plan with 3 bedrooms and 3 full bathrooms. Kitchen has granite countertops, stainless appliances and hardwood floors. Great room has a vaulted ceiling and fireplace. Basement features a family room and bathroom. 2 car garage. $226,900
CALL SHARON
Over 25 years of Real Estate experience. email: callsharon.today@yahoo.com cell: 434.981.7200 ONE LEVEL LIVING
SOLD
Carefree, one level living at its best. Walking distance to UVa grounds, Stadiums, Miller Center, Restaurants & Barracks Rd. Flexible, floor plan with 2 master suites plus study, family room, living, room etc..Beautiful greenspace and Blue Ridge views from deck and patio. Everything on one level with finished basement for entertaining or guests. Spectacularly updated and ready to move into. $298,000
CHARLOTTESVILLE’S
New
Construction
Market Continues to Impress BY CELESTE M. SMUCKER
18
Issue: IN EVERY
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
FRY SPRINGS NEIGHBORHOOD
Classic brick ranch with hip roof. Good, solid, low maintenance home with income potential from basement apartment. in quiet neighborhood, just behind Fry Springs Beach Club off JPA, close to Rivanna Trail and Azalea Park. Hardwood floors and central air throughout with gas furnace, Three bedrooms on main level.. All appliances in both units convey. . Great investment potential.$287,000
SONJA CASERO
Multi-million-dollar top producer for over 20 years. email: sonjac2702@gmail.com cell: 434.981.3523 WWW.MCLEANFAULCONER.COM
Open House .............................. 4
Questions to ask your MORTGAGE
LENDER BY MARILYN PRIBUS
NEXT WEEK:
FEATURE
Charlottesville’s New Construction Market Continues to Impress ..........9 BY CELESTE M. SMUCKER
HOME FINANCE
Questions to Ask Your Mortgage Lender...................... 18 BY MARILYN PRIBUS
Sales Stats ............................. 22
First Time Buyers CAAR Installation & Awards
A DREAM HOME IS GREAT, BUT THE RIGHT ONE IS BETTER. Let an agent who knows guide you.
$405,900
Bev Nash • • • • • •
434-981-5560
4 bedroom, 3 bath, 1755 sf home Close to NGIC, Hollymead and CHO Built in 2010. Garage with storage 2 master suites for in laws or teens Elevated covered porch and a rear deck Hardwood floors. Open kitchen, living and dining area
$369,740
Ruth Guss • • • • • •
Dan Corbin
434-531-6155
• MLS 544311 • Beautiful NEW HOME To Be Built in Two Rivers • First Floor Master, Two Story, 2466 Finished sq.ft. • MEADE Construction, Building Quality Homes for Over 30 Years • Two Rivers is Fluvanna County’s Rivanna River front neighborhood • Welcome to Your New Home, Only 15 Minutes to Charlottesville
434-960-0414
Fluvanna County – Ridgeway Farm 4 Bedrooms, 3 ½ Baths, 3,200+ Fin. Sq. Ft. Main Level Living, Dining, Kitchen & Family Room Full Finished Basement w/office, Music & Rec Rooms Large Fenced Rear Yard, Storage Shed with Electricity Attached 2 Car Garage and Paved Driveway, MLS #546485
$245,000
Construction Underway
$60,000
Candice van der Linde
434-760-4778
• Southern Albemarle • Stunning 77 acre parcel is rich with history. • 22’ deep, spring fed pond on the property with a pier, diving board & small island for the geese and ducks. • Cold-water creek called Briar Fork, Cascading waterfall. • Rustic Chalet currently on the property with electric, well and septic • Would make a great home site
434.985.0021 21708 James Madison Hwy Troy Va 22974 ZION CROSSROADS
• • • • •
• • • •
434-981-1076
Paved road surrounded by nice homes Building Lot 0.40 acres Earlysville Heights Viewmont Road
REDUCED!
434-981-8730
• Whole house and deck freshly painted • 6 miles to Zion’s Crossroads • ONE LEVEL Living, 4BR 3 Full BA • Huge Master Suite Addition • Sun Filled back deck & Huge Covered Porch • Private setting on 3 Acres • Watch the Video: www.buyandsellcville.com/video/5105
Kim Cosner Lilley
Roger Voisinet
$194,900
$619,000
Rachel Burns-Reynolds
NEW LISTING
Pat Burns • • • • • • •
Open Floor Plan Great Master Suite Huge rear porch Oversized garage New appliances New laminate flooring New siding and a new roof
434-465-4444
$365,000
434-422-0223
Elegant home in Northern Albemarle Situated on 2 acres 6 minutes from Target, Harris Teeter and more! Luxury finishes, first floor master bedroom Amazing terrace level with home theater
Candice van der Linde
434-981-8730
• Flattop Mountain Road in Free Union • Pristine Mountain Retreat on 3+ acres • 3 BR 3 Full BA, Full Fin. Basement • Hardwood Floors throughout; Main level master suite • Breathtaking Views • www.buyandsellcville.com/video/4906
434.974.1500 355 West Rio Rd, #102 Charlottesville Va 22901 CHARLOTTESVILLE
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
$234,900
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
7
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
8
P A S S I O N, E X P E R I E N C E, I N N O V A T I O N
Earlysville - Markwood Rd Civil War era 37+/- acre farm, traditional 5 BR/2.5 BA farmhouse. Fully fenced, gently rolling land, perfect pastures, offering several add'l home sites. 2 car garage. 3-bay pole barn. Stream on property. Division rights & road frontage. $700,000
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
paulmcartor.montaguemiller.com/MLS=551081 • Paul McArtor: 434.305.0361
Scottsville Secluded compound, 2 homes. 41 private, wooded acres w/ 2 creeks. Large windows & multiple decks/porches bring the outdoors in. Fin. 1540 fin. sq ft apt. above workshop/garage. Private setting only 20 min to Cville. cmontague.montaguemiller.com/mls=548080 $569,000 • Carter Montague: 434.962.3419
Lake Monticello
Forest Lakes
Fishersville
TO BE BUILT-Build your dream home by Jefferson Area Bldrs on this waterfront lot & vacation year-round! 5 beaches, golf, fishing, kayaking. Versatile Floor Plan.
Private setting, great outdoor space. LR w/FP opens to 2-level back deck. Cathedral ceilings. 3 BRs, 4th in walkout bsmnt, built-in shelving, 2nd FP.
Spacious home w/3BR, 3.5BA. Great flow, grand foyer entrance, oversized rooms. Hardwoods, formal DR with chair railing, bsmnt, rec room. Owners' suite, lux private BA.
estrose.montaguemiller.com/mls=547351 $424,290 • Co-list Edwina St. Rose: 434. 284.0094
www.montaguemiller.com/mls=551622 $299,000• Jamie White: 434.906.3944
kolson.montaguemiller.com/mls=549928 $256,900 • Kyle Olson: 540.649.4131
Greene - Ruckersville
Keene - Esmont Rd
Waynesboro
Lake views in almost every room. Open plan LR, hardwood floors, built in bookshelves. FP, wall of windows. Big back deck overlooks lake. MBR, walk-in closet, en suite BA. Bsmnt.
Well-built, 2500+ fin. sqft home on 2.49 acres. 4 BRs, 2 BAs upstairs. Hardwood floors, over-sized kitchen, formal DR, deck off LR. Unfinished basement. 2 car garage.
First floor living with open floor plan, vaulted ceilings, freshly painted interior. Gas FP, lg MBR. Patio doors off DR that open to a back deck. Fenced in backyard.
www.montaguemiller.com/mls=552582 $329,000 • Jamie White: 434.906.3944
www.montaguemiller.com/mls=547345 $359,000 • McCauley & Bailey Team: 434.227.4449
www.montaguemiller.com/mls=553574 $195,000 • Carol Costanzo: 434.962.1419
W W W. M O N T A G U E M I L L E R . C O M 500 Westfield Rd Office • 434.973.5393 | 245 Ridge-McIntire Rd - Downtown Office • 434.227.4444
New
Construction Market Continues to Impress BY CELESTE M. SMUCKER
9 JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
CHARLOTTESVILLE’S
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
FEATURE
A
re you planning a move in the near future? Maybe you dream about building a brand new house. If so, now is the time to move forward. With interest rates on the rise since the election it’s a good time to jump in and take advantage of what are still historically low rates and prices that (according to the Realtor.com 2017 Housing Forecast) are expected to continue to increase this year making for yet another reason to call your agent today about buying your next home.
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
10
At Fulton Mortgage Company, your dream home can become a reality with loans that offer competitive rates and great financing options. We have a simplified, At Fulton Mortgage Company, your dream convenient process for buying youra home At Fulton Mortgage Company your dream home can become reality withwith loans that offer home can become a reality loans completion with athat permanent loan only competitive rates and at great financing options. We offer have acompetitive simplified, convenient process rates and great for buying your home atCompany completion with a permanent loan only orWe building home with a or building your home with aoptions. constructionAt Fulton Mortgage , your dream financing have ayour simplified, construction-permanent loan. home can become a reality with loans permanent loan. convenient process for buying your home that offer competitive rates and great
FEATURE
at completion with a permanent loan only Conforming One Closing Construction Permanent Loans financing options. We have a simplified,
or building • 95% financing available foryour home with a constructionconvenient process for buying your home At Fulton Mortgage Company , your dream • Up to 95% Construction Financing available-Permanent on primary residence permanent loan.and Construction loans at Stick completion a permanent loan only home can become a reality with loans • built or with modular homes Permanent building your home with a constructionthator offer competitive rates and great Loans • 95% financing available for permanent loan.Closing Jumbo One Construction Permanent Loans financing options. We have simplified, • aOne-time closing ConstructionConstruction -Permanent loans and convenient process for buying your home ••90% to Valueavailable for loanPermanent amounts up toloan $1,000,000 Permanent Loans 95%Loan financing for saves on closing costs at completion with a permanent loan only • 80% Loan to Value for loan amounts up to $1,500,000 Construction -Permanent loans and • One-time closing Constructionor building your home a construction• Loan amounts up towith $2.5 million • Rate lock protection available for both Permanent Loans permanent loan. Permanent loan saves on closing costs Permanent loans and for Construction• One-time Both have,closing ConstructionPermanent loans Permanent loan saves for on closing costs • 95% financing • True One Timeavailable Closing Construction -Permanent loans and RateClosing lock protection available for both ••Low Cost Permanent loans and for Construction• Quick processing & payment of draws Permanent Loans
• Rate lock protection available for both Permanent loans and for ConstructionPermanent loans
• Interest only payments during construction Permanent loans
• One-time • Up to 10closing monthsConstructionconstruction period
Julia Morris
Permanent loan saves on closing costs Mortgage Loan Officer
Julia Morris • Rate lock protection available for both Mortgage Loan Officer Morris Cleve Brannock Morris 285 Hydraulic Ridge Road Ste#: 3 Permanent Julia loans and for ConstructionNMLS 1226376 Mortgage Loan Senior Loan Officer Mortgage LoanOfficer Officer Charlottesville, VA 22901 NMLS 126376 NMLS #: 615250 Permanent NMLS loans #:#: 1226376 285 Hydraulic Ridge Road Ste 3 NMLS #: 1226376
434-249-5542
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
Charlottesville, VA 22901 285 Hydraulic 285 Hydraulic Ridge Road Ste 3 jumorris@fultonmortgagecompany.com 285 Hydraulic Ridge Ridge Road Road Ste Ste33 434-249-5542 Charlottesville, VA 22901 Charlottesville, VA 22901 Charlottesville, VA 22901 jumorris@fultonmortgagecompany.com 434.249.5542 434.242.7218 434-249-5542 jumorris@fultonmortgagecompany.com jumorris@fultonmortgagecompany.com
cbrannock@fultonmortgagecompany.com
Julia Morris
Mortgage Loan Officer NMLS #: 1226376
285 Hydraulic Ridge Road Ste 3 Charlottesville, VA 22901 434-249-5542 jumorris@fultonmortgagecompany.com
fultonmortgagecompany.com fultonmortgagecompany.com
fultonmortgagecompany.com
Fulton Bank is a Member FDIC. Member of the Fulton Bank is a Member FDIC. Member of the Fulton Bank is a Member FDIC. Member of the Fulton Financial Family. Subject to credit approval. Fulton Financial Family. Subject to credit approval. Fulton Financial Family. Subject to credit approval.
Fulton Bank
Fulton Bank
Fulton Bank
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
11
D I S C O V E R
Superior craftsmanship that stands the test of time.
FEATURE
For more information visit www.dominioncustomhomes.com or call us at 434-975-1166.
REAL-LIFE VALUE, YOURS IN EVERY CORNER RIVER HOUSE CONDOS
VILLA RETREATS
SINGLE FAMILY
TOWNHOMES
From the $240’s From the $450’s
From the $470’s
From the mid $400’s
• Access to the Rivanna River, • Universal design which Darden Towe Park, trails, and 1.3 miles to Downtown, Charlottesville.
• Licensed architect-
designed so that form and function work together, inside and out.
is lifestyle-inspired, from active to retired.
• Building performance
and EarthCraft certified for energy-efficiency and maximum-investment value.
COMING SOON! STONY POINT DESIGN BUILD TOWNHOMES FROM THE MID $400’S IN LOCHLYN HILL SALES: Jodi Mills 434-466-5634 | jmills@stonypointdb.com MODEL: 1404 Trailside Court, Charlottesville | riverside-life.com
stonypointdb.com
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
At RIVERSIDE VILLAGE, you’ll find a sense of affinity when every detail, from functional floor plans to the intentional community plan, is built better by design. Stony Point Design/ Build is superior building—on a neighborhood scale.
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
FEATURE
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
12
“The new construction market is hot...It’s an exciting market with lots of niches.”
The 2017 Housing Forecast also has good news for the new construction market, projecting a 10 percent increase in sales and a 3 percent increase in new home starts. These figures are lower than last year’s but still significant. Part of what made 2016 a good year for real estate, and especially new construction, was lots of active buyers and a concurrent low inventory of resale homes, trends that are expected to continue into 2017. Charlottesville’s market, bolstered by UVA and a growing tech sector, continues to be strong and local agents appreciate the role of new construction in increasing housing inventories that have been frustratingly low throughout the area. Buyers shopping for a new home will have many opportunities to find the perfect house and community as more neighborhoods come on line and builders work to meet the growing demand for such popular options as one level living and energy efficient design.
Charlottesville’s Hot New Homes Market The new homes market is very active and buyers have much to choose from all over town, including the area’s first EarthCraft certified multi-family development, the River House Condos at Riverside Village.
Michael Guthrie, CEO and Managing Broker for Roy Wheeler Realty Co. called 2016 and 2017 “the years of new construction” stating that “the market has picked up significantly.” This is due in part to a number of new communities that have been approved and where the ground is cleared and new homes going up. He gave credit to UVA for bringing in new buyers, but also described our area as one that has “become very much a market for startups,” some of which have grown from very small ventures to companies with 30 to 40 or even 100 to 200 employees. “The new construction market is still excelling,” said Susan Stewart with Roy Wheeler Realty Co., adding that “one of the reasons for that is the resale market inventory is low right now. There are just not a lot of homes for the buyers to pick from and often they require work with renovating and updating in order to make them right.” The result has been more and more buyers seeking out new construction as an alternative. Of course it helps that, Stewart said, “new construction prices are about in line with resales.” On a recent weekend she talked to a number of couples who dropped into a model home where she was working and told her they were there in part because they hadn’t found what they wanted in the
limited number of resale homes available in their price ranges. The downside to the demand for new homes is the builders are having difficulty keeping up. “there are not enough new homes built to satisfy the market,” Stewart said. This means spec homes are being “snatched up quickly,” while other buyers are looking for rental situations where they can stay comfortably during the eight to twelve months it takes to have their new home built. Greg Slater with Nest Realty Group described the new homes market as “strong,” although he has noticed that the new homes share of the market as a percentage of total sales has declined recently. He said this is due in part to a growth in home sales in the under $400,000 segment of the market that builders can’t serve. Another reason for a decreasing market share for new homes is that builders are so busy at the moment that it is taking longer for homes to be built, reducing the number they can complete in a year. “The new construction market is hot,” said Jodi Mills with Roy Wheeler Realty Co. She described the market as one with lots of competition, the most she’s seen since 2010. “It’s an exciting market with lots of niches,” she added.
Why Buyers Love New Homes There are many reasons why buyers appreciate a new home ranging from being able to customize it to suit their lifestyle to recognizing the long term importance of the newest energy efficiency technology that may not be possible in resales without significant renovation and upgrades. “Contemporary design and energy plus features are always in high demand,” Stewart said. Many also look for “open floor plans and more private lots.” In her experience the move-up buyers or downsizers—what she calls “seasoned” buyers—she works with are interested in customizing with features such as a first floor master suite, granite countertops and hardwood floors. On the other hand, first-time buyers are more concerned about getting “the best bang for their buck.” A good example is a single woman—a client of Maggie Gunnells with the Crossroads office of Better Homes and Gardens Real Estate III— who recently bought her first house. While she wanted to live in town, the $350,000 she had to spend was not sufficient to purchase a house she liked that was move-in ready. Instead she bought a new home in Spring Creek at Zion Crossroads where she is enjoying the security of a gated community and
3092 Darby Road
GL E NMO RE • $1 ,0 4 9 ,0 0 0 • MLS # 543879
www.3092DarbyRoad.com • • • •
Stunning White Brick 5/6 BR Home 1st Floor Master Suite Sauna. Theater Rm. Workshop/ Golf Car Garage 3 Fireplaces, 3 Car Garage
• Fenced Rear Yard Backs to River Trail • Spacious 5/6 Bedroom Home • Easy Drive to Richmond
4425 Redwood Lane
WAL NUT HI L L S • $ 6 4 9 ,9 0 0 • MLS # 555464
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
13
Fluvanna County’s Rivanna River Community
TWO RIVERS - A Lifestyle Community on the Rivanna River. Another Beautiful Meade Construction Home Now Underway
First Floor Owner’s Suite, Upgrade Features, Craftsman Style, Energy Efficient. Spring 2017 Delivery. MEADE Builds Quality! Come Home to TWO RIVERS, Fluvanna County’s Premiere Neighborhood for Active Family Fun in a Natural Setting. Enjoy the Private River Park, Kayak, Fish, Picnic and Play. Fiber Optic Internet, Common Sense C&Rs. Well and Septic means No Water Bills.Convenient to Charlottesville & Zion Crossroads, Pantops and Short Pump. $369,740
www.4425redwoodlane.com • Bright and Airy 4/5 BR Home 4300 fin.sq.ft. • 1st Floor Master • Fully Fenced Rear Yard
DAN CORBIN | 434-531-6155
795 Frays Ridge Rd
dancorbinhomes@gmail.com www.DanCorbinRealtor.com
A DVANCE MI L L S FARM • $ 1 ,3 9 5 ,0 0 0 • MLS # 552088
FEATURE
355 W. Rio Road | Suite 102 Charlottesville, Va 22901
We Build Quality
• Large Gourmet Kitchen w/Huge Walk-In Pantry • 2 Fireplaces, 3 Car Garage • Fin. W-O Lower Level w/ Loads of Storage
New Construction
SIMILAR TO PHOTO 323 Sienna Lane Earlysville, VA 22936
$534,900
• • • •
FEATURES • • • • • • • • • • • • • •
4 Spacious Bedrooms 3 Bathrooms Open Floor Plan Kitchen with Breakfast Area and Breakfast Bar Master Suite w/2 Walk-in Closets Brick and Siding Exterior 2 Car Garage 2 Acre Lot Broadus Wood School District One Level Living Full Walk-out Unfinished Basement Front Porch and Rear Deck plus Patio Hardwood, Ceramic and Carpet 2300 Finished Square Feet
47 Spring Forest Lane
• • • •
OPEN SUNDAY JANUARY 15, 1 - 3 PM
• Lots of Tall Hardwoods • Drilled Well with Excellent Flow Rate • 15 Minutes to UVA
ASSOCIATE BROKER, ABR, CRS, GRI, SRES
434.242.9600 byrd@byrdabbott.com www.byrdabbott.com
GINGER SLAVIC 434-981-0118 www.GingerKnowsRealEstate.com Licensed to Sell Real Estate in the Commonwealth of Virginia
Cleared Driveway to Beautiful Building Site Located in Upscale 53 Lot Neighborhood 4 Acre Lot on Fishing Lake Beautiful Water Views
Byrd Abbott
SIMILAR TO PHOTO
gaslavic@cs.com
• “Top Chef ” Center-Island Gourmet Kitchen • Pre-Wired for Elevator • In-Ground Pool, 3 Car Garage
I ND I A N SP RI NGS • $ 1 6 7 ,0 0 0 • MLS # 555465
MLS#549913
DIR: Follow Rt 743 to Earlysville, left onto 663 Buck Mtn Rd, right onto Simmons Gap Rd at Chestnut Grove Church, The Village is 1/2 mile on right.
All Brick Custom Home with Stunning Finishes! Front & Rear Staircases 5/6 Bedroom w/ W-O Lower Level 21 Acres, Mountain Views
®
1100 Dryden Lane, Charlottesville, VA 22903
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
NEARING COMPLETION!
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
14
working out in the gym that is available to residents there. “Warranties are another thing buyers are looking at,” Stewart said. “They want that extra protection and a sense of knowing that everything is covered for years to come. Peace of mind is everything these days!” Unlike in the past, many of today’s seasoned buyers want a home that fits their current lifestyle rather than just moving up to a bigger house Slater said. While they may find a resale home that suits them, many choose to go the new construction route after seeing homes that are dated with obsolete floor plans. The more liveable floor plans, for example homes on one level or with a first floor master suite, offer buyers additional value that they can enjoy during the time that they live there. Most buyers also have their eye on utility costs with a desire to save money and be more green in their choices. Rob Johnson with Green Mountain Construction says people are recognizing they don’t have to keep building bigger homes when they are ready for something new. Instead many are interested in the use of sustainable materials, and making decisions that will result in long term payback, such as choosing additional insulation, especially when they plan to stay for awhile. Another part of planning for the long term in a home is choosing universal design features. Usually this means one-level homes that have been customized to meet the buyers’ age and health related needs allowing them to stay independent for as long as possible. Some are also living on strict budgets and appreciate the cost savings associated with newer more energy efficient homes as well as the lower property taxes available in rural counties such as Louisa.
For example, in the popular gated community of Spring Creek in Louisa County, about 60 percent of the buyers are active retirees or pre-retirees explained Dan Girouard with Spring Creek Realty. It is not unusual for downsizers to relocate to Spring Creek from larger homes in nearby neighborhoods, he continued stating that they like the idea of a smaller house that requires less maintenance, but want to continue to enjoy an amenity-rich lifestyle that includes a gated entry, a golf course, walking trails and tennis courts plus the new clubhouse and restaurant. The builders are well aware of these requirements and have become proficient at offering the customization these buyers require, he explained.
Sometimes customization can involve something as simple as using the latest paint colors or other decorative elements, which, though available to resale buyers, are nice to have in place from day one. For example, “We’ve had a fair amount of customers ask for grey or tan painted trim and doors rather than the white that you typically see,” said T.J. Southmayd with Nest Realty Group who represents Craig Builders. Another current trend that new homes agents are seeing is the return of brass fixtures. Mills explained that a toned down brassy color is making its appearance in places like drawer pulls or light fixtures. She is also enthusiastic about some popular new siding colors, such as some beautiful grays, that were not previously available. “The new colors are exciting,” she said as “we have been dealing with the same colors for years.” She added that people like them and they are very popular. Other popular features in today’s new homes include screened porches and outdoor living spaces such as fancy patios and rooftop decks.
New Home Communities New home communities often offer amenities to residents such as golf, tennis, work-out facilities, walking trails and well-maintained parks and common areas. Some like Old Trail and Belvedere are mixed-use developments that combine homes, townhomes, or apartments with commercial properties such as salons, health care professionals, dry cleaners, coffee shops and restaurants that are easily accessible
to residents. They may also offer club houses with opportunities for social events and gatherings. Some communities feature options for a wide spectrum of ages and needs such as Old Trail where The Lodge provides independent and assisted living facilities at a central location and residents can participate in the lifestyle of the larger community joining friends or family for a walk, a game of golf, or an evening out at a local restaurant. All of these amenities and more are just a short walk from The Lodge. Similarly the Senior Center with its focus on holistic wellness is in process of raising funds to relocate to a much expanded facility at the walkable community of Belvedere where it will offer resources for seniors and guests and expects to be an integral part of the life of the community there. Whether their interests include golf, tennis, pickle ball, or bridge, buyers can enjoy them in many neighborhoods along with pros and lessons should they want to improve their skills. Club houses with work- out facilities and social activities are also popular and available in some communities and buyers who are tired of yard work and want maintenance-free options for their next home will find those as well. If building a new home is in your future, talk to your agent about where to find the homes and amenities that best suit your needs. Then relax and look forward to moving into a house that is customized just for you. n Celeste Smucker is a writer and blogger who lives near Charlottesville.
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
Contact Builder/Agent: Mark Green - 434-409-3313 – markwgreen@gmail.com MLS# 549488
1610 – 1612 RIALTO STREET
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
Rialto Beach Homes – Now Available for Occupancy in Belmont
Modern Design - Open Floor Plans - High Quality Finishes
15
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
16
503 Faulconer Drive Charlottesville · VA · 22903 p: 434.295.1131 f: 434.293.7377 e: homes@mcleanfaulconer.com
MCL EAN FAULCONER INC. Farm, Estate and Residential Brokers UPFRONT
ELK MOUNTAIN LODGE
HOME FINANCE
Top of Blue Ridge. 1,000+ ac. with c. 1928, stone home and guest home. Panoramic views of Rockfish and Shenandoah valleys. Fronts Blue Ridge Pkwy, just 3 mi. off I-64. www.elkmountainlodgeva.com $4,750,000 MLS#546756 Jim Faulconer 434.981.0076
WOOD DUCK POND
This impeccable cedar home with a guest cottage features 4 bedrooms, 3.5 baths, chef ’s kitchen, open family room with a stone fireplace, and a huge lowerlevel rec room. Also with 2 ponds and a large shed. MLS#543365 $795,000 Steve McLean 434.981.1863
RIVER CIRCLE FARM
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
Charming, circa 1920, five-bedroom farmhouse, pool, guest cottage, 118 acres, elevated land—perfect for animals or vineyard, plus bottomland and long frontage on James River. Very scenic, private, mountain views. MLS#545552 $1,295,000 Jim Faulconer 434.981.0076
KESWICK-Attractive Cape Cod with Southwest Mountain views situated on 3 acres in one of the most beautiful and protected sections of Albemarle County. Convenient living in this 4-bedroom residence with living room, large kitchen/ family room, dining area, sun room overlooking a pond and garage. Minutes from amenities at Keswick Hall and Estate, Charlottesville and UVA. $720,000 MLS#555617 Charlotte Dammann 434.981.1250
GROTTOES, VA
Idyllic 93 acres with c. 2002 log home featuring 3 BR, 2.5 BA, and stone fireplace. Gently rolling land abundant with wildlife and with Blue Ridge views and South River frontage. MLS#552313 $745,000 Steve McLean 434.981.1863
BEAR BRANCH FARM
Magnificent mountain views from this high end residence on 208 acres. This 4-bedroom home is bright, airy, and perfect for full-time living or the ultimate family retreat. MLS#532232 $1,650,000 Charlotte Dammann 434.981.1250
BELLAMY FARM
A quintessential, 123-acre, Virginia equestrian estate. 4-bedroom contemporary home, Blue Ridge Mtn. views, Buffalo River frontage and much more! Only 5 mi. to the town of Amherst! MLS#552814 $1,750,000 Will Faulconer 434.987.9455
BELLEVUE
Classic Greek Revival, c. 1769, with 8,200 fin. sq. ft., 6 bedrooms, 6 baths, 10 fireplaces. Highlights: formal gardens, mountain views, 147 acres, equestrian facilities & 2 cottages. National Historic Registry. MLS#537630 $5,800,000 Andrew Middleditch 434.981.1410
TOTIER HILLS FARM
Exquisite brick mansion, meticulously maintained and built with superb quality and materials, details and features. Over 9,000 finished square feet, 13,000 total, 5 bedrooms, 6.5 baths. 98.23 gently rolling and private acres, mostly pastures, also with a large stream and pond. Only 5 miles to shopping and 15 miles to UVA. Call, text or email for brochure,more details: MLS#553364 Jim Faulconer 434.981.0076
IVY CONTEMPORARY
World-class Blue Ridge views 10 minutes to town from this extraordinary Jim Tuley designed contemporary. On 11.5+ private acres, this beautiful home is truly one-of-a-kind! MLS#533291 $989,000 Steve McLean 434.981.1863
WWW.MCLEANFAULCONER.COM
MCL EAN FAULCONER INC. Farm, Estate and Residential Brokers
UNIVERSITY VILLAGE
Rare opportunity to purchase two adjoining units as one large unit at University Village. Excellent condition, beautiful views from the fourth floor, great location. MLS#550179 $549,500 Steve McLean 434.981.1863
DRAMATIC CONTEMPORARY
Built c. 1987, one level, excellent condition, 15 minutes out. “Great room” has vaulted ceilings, stone fireplace, large windows, decks, great kitchen. 9.77 private acres with 2-acre lake. Jim Faulconer 434.981.0076
ELK RUN RETREAT
This pristine land tract of 155 acres in Farmington Hunt Country offers privacy, several creeks, and horse or hiking trails running for miles throughout the property only 12 miles from Barracks Road. MLS#537873 $995,000 Jim Faulconer 434.981.0076
GREENTREES
Route 20, 188+ wooded acres with eight, 21-acre divisions possible. Long road frontage, good conservation easement candidate. 20 minutes south of Charlottesville, 6 miles north of Scottsville. MLS#547553 $1,400,000 Tim Michel 434.960.1124
GILBERT STATION ROAD
Wonderfully private, 67-acre tract of land approximately 11 miles north of Charlottesville in Barboursville. Mostly wooded with a creek and road frontage. Tremendous views. MLS#552156 $565,000 Steve McLean 434.981.1863
KESWICK
Brick residence privately situated on a spacious 3.5acre lot. This well maintained 3-bedroom home is set up for convenient living. Includes a detached garage/ workshop. MLS#552356 $229,000 Charlotte Dammann 434.981.1250
GLENMORE
Immaculate, move-in-ready Scottish-style home built by R.D. Wade. 3 BR, 3.5 BA, 1st-floor master suite, great room with fireplace, kitchen with granite counters and 2-car garage on private, elevated lot. MLS#552301 $609,000 Tim Michel 434.960.1124
OMEGA COURT
Wonderful, 3-bedroom, 2-bath contemporary on private and wooded 3.73 acres in the North Albemarle community of Solaris. Spacious master suite, vaulted ceiling, stone fireplace and more! MLS#554681 $357,500 Will Faulconer 434.987.9455
HOME FINANCE
MOUNTAIN FARMS
The perfect mountain/country retreat! Stunning Blue Ridge views bordering the Shenandoah National Forest. 4-BR, 3-BA main residence, situated on 12.14 acres. Top quality materials and craftsmanship. MLS#551853 $699,000 Will Faulconer 434.987.9455
FRYS PATH
73+/- acre estate parcel in Southern Albemarle. Gently rolling pastures, magnificent Blue Ridge Mountain & pastoral views, gorgeous rural setting, privacy, excellent building sites, with pond & creek. MLS#536922 $1,200,000 Steve McLean 434.981.1863
THE PINES
Brick residence on 7 acres offers comfortable living in a super, convenient location. Immaculate, 5-bedroom house has many upgrades. Minutes to Pantops, Downtown and UVA. MLS#530376 $775,000 Charlotte Dammann 434.981.1250
WOOD RIDGE TERRACE
Level, 2.18 acres in Spring Creek Business Park on US15, fronting I-64 W, and exit 136 entrance ramp. This growing development has a number of professional services including UVA and MJ Clinics. MLS#542531 $1,145,000 Mark Mascotte 434.825.8610
WWW.MCLEANFAULCONER.COM
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
503 Faulconer Drive Charlottesville · VA · 22903 p: 434.295.1131 f: 434.293.7377 e: homes@mcleanfaulconer.com
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
17
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
18
? Questions to Ask Your
Mortgage Lender
H
BY MARILYN PRIBUS
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
ere it is a new year and maybe this is the year for your new home. Whether you’re looking for your first mortgage or you’ve been down this road before, it’s crucial to review the ins and outs of the mortgage world. Here are some questions you need to ask to be sure you get all your ducks, as they say, in a row.
What kinds of mortgages do you offer and what would be the best one for me? Not all lenders offer every type of mortgage. Loans can vary in length, the amount of down payment they require, whether or not interest rates are fixed during the life of the mortgage, and other factors. The most common mortgages include those guaranteed by the Federal Housing Authority (FHA) or Veterans Affairs (VA), as well as Fixed-Rate Mortgages (FRMs), Adjustable-Rate Mortgages (ARMs), and Interest-only Mortgages. Reverse mortgages are somewhat different, but many of the questions are the same.
It’s important to know which loans you can qualify for. For example, only honorably discharged veterans and their spouses with a valid Certificate of Eligibility, enough income, and suitable credit can qualify for a VA-guaranteed loan. In addition, property guaranteed by a VA loan must be for personal occupancy. Other loans have their own requirements. A first step to finding your best fit on a mortgage is to complete an application—which does not create an obligation. The application must include information such as your employment, income and assets, your credit rating and existing debts, how much you have available for a down payment, and the source of that down payment. Proof of these financial figures can come from paystubs, at least a year of income-tax returns, and reports from credit agencies. With this information in hand, a lender can determine the best type of mortgage for you.
How long will it take to process my mortgage loan application? This depends not only on the lender’s staff, but also on the availability of
A first step to finding your best fit on a mortgage is to complete an application—which does not create an obligation.
inspectors, appraisers, and others involved and can take from a few weeks to a couple of months. On your part, be sure you have all your required documents and do a careful check of your credit report for errors or situations you may need to explain. In addition, this is definitely not the time to change jobs or incur new debts, either of which could create significant changes in your financial situation.
What will be the cost of the mortgage and what additional closing costs should I expect? Lenders are legally obligated to provide a Good Faith Estimate (GFE) of expected closing costs within three days of the loan application and buyers should plan on spending between 2 and 5 percent of the cost of the property. The GFE will include a complete estimate of mortgage costs such as prepaids and fees charged by the lender and other parties. In most cases, the GFE will include “points.” Discount points—one point equals one percent of the mortgage— are tax-deductible and reduce the interest rate paid on your mortgage. The origination fee (often a point) is a cost of establishing the loan. Additional closing costs might include a title search and title insurance, recording fees, property appraisal, survey, home inspection, upfront mortgage insurance premium, and other items. The actual closing costs will be itemized on the settlement statement (called a HUD-1) and will be reviewed for you as part of your closing.
What is this mortgage going to cost each month? It’s also important to know what your monthly payments will be once the loan is closed and the new place is yours. Are these payments fixed or might they change? Will the payments include insurance on the property, mortgage insurance, and escrowed tax payments? A large down payment often means a lower interest rate and better loan terms. With a down payment of less than 20 percent, however, you will probably be required to obtain mortgage insurance, increasing your monthly payment—possibly by a significant amount. Mortgage insurance is generally paid with both an up-front premium at closing and an annual premium that is included in monthly payments. These are based on the type of mortgage and the value of the property. Remember, mortgage insurance provides coverage for the lender, not the borrower.
Some lenders charge a penalty if you prepay on the mortgage. This might make a big difference if you think you may be able to retire your loan early. (Especially in the early days of a mortgage, interest is by far the largest portion of each payment, and paying several months of principal each month can significantly decrease the length of the loan.) Some lenders might offer a lower interest rate if you accept a loan with a penalty.
Live life in full color.
Can I choose the title company or attorney used for the closing? Yes, and while it may seem like a lot of extra work to check on this when you’re already dealing with seemingly endless paperwork, it might be worthwhile to make a few calls to be sure you have the right Settlement Agent. While some buyers retain a real estate attorney to conduct their closing, in Virginia, other registered Settlement Agents, including title companies and financial institutions, are also legally allowed to do so. Buying a home is one of the biggest investment decisions of your life, so it pays to ask the right questions and get the best deal possible.
Encouraging and accepting diversity in your neighborhood gives us all a richer life.
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
19
Celebrating the 40th Anniversary of the Fair Housing Act
www.ARicherLife.org Piedmont Housing Alliance’s Fair Housing Program 434-817-2436
Marilyn Pribus and her husband live in Albemarle County near Charlottesville.
Incen
offere
tives
dN Sprin OW g 201 7 Listin gs! Call T oday!
for
N e w P r ic e !! !
Civil War era 37+/- acre farm. A traditional farmhouse with 5 BRs and 2.5 BAs. Fully fenced, gently rolling land provides perfect pastures while offering several add’l home sites. Front porch surrounded by century old boxwoods. Back screened porch, enjoy mountain views. Extra lg 2 car garage, 3-bay pole barn for vehicles & equipment. Stream on property. Division rights & road frontage w/flexibility of land. $700,000 • paulmcartor.montaguemiller.com/mls=551081
Finalist for VA Small Business Veteran of the Year!
434 305.0361
pdmcartor@gmail.com
Attn Buyers! The Spring Market is coming! Contact me NOW!
Advance Mills Perfect land for your new home! Enjoy the peace of the country with quick 15 min. commute to Charlottesville. Property has stream & cleared for home site with trees to enjoy. NO HOA. Bring your horses! Perc’d for 4BR home. Priced below assessment. OWNER FINANCING AVAILABLE! 4.18 acres. $99,000 paulmcartor.montaguemiller.com/MLS=541605
Ruckersville
Country oasis minutes from town! Private pond w/fountain & private 1.5 acres. Deck off kitchen overlooks fully fenced backyard. Large LR with FP is perfect for entertaining. Basement family room with full BA gives tons of flexibility to suit any buyer. Huge 2 car garage & out building provides storage. $240,000 paulmcartor.montaguemiller.com/MLS=553674
Ruckersville MLS #553671
! D L SO
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
Earlysville - Markwood Rd
Best of Cville Real Estate Agents in 2016
A Virginia Tradition Since 1927 Charlottesville: 434-951-5155
®
®
Greene: 434-985-2348
Zion Crossroads: 434-589-2611
Ednam Hall • Dryden Lane • Charlottesville, VA 22903
Homes@RoyWheeler.com • www.RoyWheeler.com
IMMACULATE WILLOW GLEN TOWN HOME located in the Hollymead Town Center. Quality finishes throughout featuring granite counters, hardwood flooring and complete with all kitchen appliances. Walk to Target, Harris Teeter, restaurants and so much more! $243,000. JimBonner.com 951-5102. jim@jimbonner. com (553266)
SELLER SAYS BRING OFFERS!! Minutes to EVERYTHING, discover this beautiful home in Ivy Farm. Stunning gourmet kitchen with 10’ granite island, Wolf, Bosch, Sub-Zero appliances. Terrace level opens to pool, hot tub, and pool house. 100-year metal roof, 3-car detached garage, and whole house generator -this home has it all! On 3 acre elevated parcel. Buyer’s Warranty! $874,000. Sandra Collins, 222-6645. (530439)
LOCATION LOCATION. Enter your own very private parklike setting with 4 ac. of trees & charming gardens just minutes from town in a fabulous W. Albemarle location. The large light filled rooms in this 3BR/2.5BA home all flow for great family living. The home has been graciously upgraded with new windows, new baths, new HVAC, new roof and much more. $777,000. Jane Porter Fogleman 981-1274. (552926)
CUSTOM STONE, BOARD AND BATTEN round house in an idyllic private country setting with mountain views. Home enjoys custom cabinetry, large gourmet kitchen, several living areas and more. 3-4 car garage, plenty of storage in the finished space above the garage or large outbuildings. Two tiered koi pond, tennis court, in-ground pool. $1,100,000. www.GerriRussell.com 531-9581. (553087)
OUR ECOSMART MAGNOLIA, to be built, features no step entry and easy living certified! Main level has 2BR/2BA, spacious great room, dining area, generous kitchen with granite counters, stainless appliances, 2 car garage and basement offers another bed and bath and unfinished space. Get in now to make selections for your new home. $299,900. MatthewWoodsonProperties.com 960-5187. (544552)
VIEWS OF MOUNTAINS and pastures on over 8.5 acres. Wonderful open floor plan w/spaces for everyone. This custom home has it all: hardwood floors, 1st floor master, generous kitchen, 2 fireplaces, 2nd level has 3BR/2BA. Full basement with huge family rom & office, 2 car garage and so much more. $649,000. MatthewWoodsonProperties.com 960-5187. (543197)
LIKE NEW LIGHT FILLED HOME, freshly painted throughout. Enjoy breakfast in the morning room or sit out on the large deck off the kitchen. Large back yard is perfect for gardening, your pets, or just enjoy the birds that stop by to visit. The bedrooms are generous. Partially finished basement has a full bath. $277,000. www.GerriRussell.com 5319581. (547206)
ELEGANT AND COMFORTABLE ENGLISH TUDOR style home located 30 minutes to Charlottesville on 6+ manicured acres with frontage on the South River. Meticulously landscaped with large garden spot. Gourmet kitchen, 2 large sunrooms, new master closet and bathroom, refinished hardwood floors. Detached garage with a bonus room and 1/2 bath above. $820,000. www.GerriRussell.com 531-9581. (550613)
CHARMING 2BR TOWNHOME-STYLE CONDO w/custom remodeling including new appliances, cabinets, countertops, hardwood floors & carpet. Eat-in kitchen, half bath on 1st level. Family room w/wood-burning FP. 2 large BR upstairs w/full hall bath. Lots of storage and ample closet space. Privacy in back, mature landscaping. Playground, dog park, miles of walking trails. $143,000. Jan Shiflett, 242-6057. (550310)
HISTORIC 2 STORY BEAUTY in the heart of Madison. Put your remodeling touches to this lovely property, backyard has mountain views, fireplaces throughout, hardwood floors, beautiful screened in porch, lots of Boxwoods, magnolia tree and mature landscaping, newly painted front porch, beautiful brick walkway. $239,000. Ted Brame, 540-748-6386. (539335)
HOME IS LOVED FOR: it’s one level living plus enclosed porch with wood stove. Privacy, wide open lawns with pretty landscaping and flowering trees convenient drive to Pantops and downtown. Whether you are a first time buyer or looking to downsize, this home will fit your needs. Generator, new heat pump, hardwood floors and much more. $239,900. Fiona Tustian, 540-661-9089. (550920)
FIRST TIME ON THE MARKET. Three/four bedroom, two and a half bath home on six beautiful acres in southern Albemarle. New windows, new heat pump, beautiful refinished hardwood floors, freshly painted interior, wood stove, large deck overlooking a lovely in-ground pool. Immediate occupancy is possible. $209,000. Robert Ramsey, 2967171/242-2280. (553432)
MOVE IN READY with a QUICK CLOSE possible! This amazing home has it all! Cathedral ceilings and hardwood floors enhance the spacious open floor plan w/ 3 bedrooms. Finished basement with family room, full kitchen, 2 bedrooms, & full bath. Rental Opportunity! Private fenced rear yard with large patio. $249,900. susanstewart76@gmail.com Susan Stewart 434-242-3550. (552418)
O LA LF K FRE & O N T
HUGE VALUE in downtown Scottsville! Cozy brick rancher within walking distance of shops, library, restaurants & the James River. Living room with built in bookcase, eat-in kitchen, 3BR and full bath upstairs, plus garage converted to great bonus room with slider to deck overlooking large yard. Partially finished basement with full bath, bedroom/den. $169,000. Sarah Buczynski, 951-5191/872-3493. (555503)
G
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
20
WINDWARD POINTE SUBDIVISION, corner lot with mountain views! Move-in ready residence w/over 2800 sq. ft., hardwood floors, large great room with vaulted ceilings, gas FP and a gorgeous inlay wood floor design. The kitchen boasts granite counters, breakfast bar and access to nice deck and patio. First floor master, 3 additional BR on 2nd floor. 2 car attached garage. $315,000. Steve White, 242-8355. (554117)
STONEY CREEK AT WINTERGREEN: This water-front home offers long lake views, views of the 5th green and spectacular views of the surrounding mountains. Abundant windows/doors bring the naturescape inside while patios, decks and a free-flowing interior make indoor/outdoor living a breeze and entertaining a joy. $849,000. www.TheChaseTeam.com 296-9860. (546795)
Celebrating Over Eighty-Five Years
Wintergreen: 434-325-8018
Western Albemarle: 434-205-4355
LOVELY HOME WITH GENEROUS ROOMS and beautiful hardwood floors. Freshly painted and waiting for its next owner. There is a lot of light throughout. Enjoy the private setting as you wind your way up the drive. Your animals are welcome and this farm offers run in sheds, board fencing, a large equipment barn and much more. $390,000. www. GerriRussell.com 531-9581. (555479)
BLUESTONE COTTAGE ON 25 ACRES. The Farms at Jefferson Mill, nestled in a private setting. Open floor plan with lovely finishes. Minutes to Historic Scottsville on the James and convenient to Downtown Charlottesville. Miles of interior hiking/riding trails in a safe and secure setting. All owners will enjoy access to The Lodge at Mt. Ida Reserve. $449,000. JimBonner.com 951-5102. (547113)
HORSESHOE HILL. Country house with informal elegance throughout. Coveted Keswick location. Total renovation & new construction complete 2013. Master suite with study, gourmet kitchen, great room with cathedral ceiling, large living room opens to screen porch and brick terrace. 3-bay garage with guest apt. 4 wood burning FP. 4-stall barn. $1,795,000. Duke Merrick, 962-5658. (547810)
STILLBROOK. Situated in NW Albemarle you will find this private spectacular property of 14.6 ac that is dividable featuring mature hardwoods, trails and stream. Custom brick residence w/4000+ sq ft of living space, 4BR/3.5BA, hardwood flooring, kitchen w/granite counters, family room w/ FP, large master suite, bonus room, basement apt, 2 car garage & outbuildings. $749,500. Steve White, 242-8355. (545325)
AMMONETT FARM. Circa 1878 – Traditional farmhouse with charming finishes, sits quietly between two fields at the foothills of Ammonett Mountain with Ammonett Creek flowing in the background. 34+ acres surrounded by specimen shade trees in a park like setting and only minutes to stores/restaurants, Rte. 29 and Walnut Creek Park. $665,000. JimBonner.com 951-5102. jim@jimbonner.com (548115)
KESWICK ESTATE HOME: All brick with ~8 of 43 acres of grassland fence-able for pasture to accommodate horses, etc. Home features a slate roof, 7 full masonry fireplaces, 2-story center hall, swimming pool. Property has long road frontage offering substantial potential to divide without jeopardizing the quality of the manor home parcel. New price $998,000. www.TheChaseTeam.com 296-9860. (543692)
PRISTINE NEIGHBORHOOD in western Albemarle just minutes from town this exquisite home is move in ready. Exceptional open design with 4BR, 3 full and 2 half baths, beautiful kitchen with granite and stainless appliances, salt water pool with pool house are across a well-manicured lawn and gardens. $1,895,000. Jane Porter Fogleman Jane@foglemangroup.com 981-1274. (548787)
WESTON FARM, Vineyard, Winery and B&B offered as Turnkey Facility including: Farmhouse B&B: 4BR/3BA. Separate Residence: 1100SF, 3BR/2BA, 2-Car Garage. 2-Story Wine Tasting Room w/Covered Porches. Covered Pavilion: 1248SF. Winery: 3,030SF w/14ft Ceiling and 400 amp service. 15ac-Vineyard w/8 varietals. Barns & Outbuildings. $2,975,000. Duke Merrick, 962-5658. (550883)
TWO WOODED LOTS just west of the town of Louisa totaling 10.37 acres. Nice roadbed in place which accesses 3 lots and the property will convey with easement to use the new access. Pond sites! Owner/Agent. $69,000. Maury Atkins 540-2232719. (549921)
WONDERFUL LEVEL GOLF COURSE LOT right on the 17th fairway at Tanyard! Get the great benefits of an upscale golf course community with super low association fees! (only $25/yr!!!). Close to everything in town (pharmacy, groceries, restaurants, hardware) and minutes from Lake Anna. $47,000. Maury Atkins 540223-2719. (554228)
7.28 ACRES OF PRIME RESIDENTIAL LAND only minutes from Keswick and Glenmore Country Clubs. Road frontage on Black Cat Road, producing well and relocation option for power line make this a Prime building site. $165,000. Karen S. Dowell, 531-6948. (543774)
CORNER LOT JUST WAITING FOR YOU to build your home. Located in Greene Acres just minutes away from Ruckersville and shopping. Take advantage of the beach and lake that the community offers. Drive out today. $23,000. www.KathyMarkwood.com 985-6454. (552312)
WATERFRONT 10 ACRE PARCEL on Rt. 6 with approximately 370’ of frontage on the Rivanna River. Property sits on both sides of Rt. 6 with approx. 2.5 to 3 acres on the north side elevated with a building site and on the south side is the Rivanna River frontage. Convenient to Charlottesville or Richmond area. (another 10 acres is available for $70,000 see mls 550626). $65,000. June Seay, 981-9038. (550625)
FOUR BUILDING LOTS available from 7+ to 15+ acres on Logan Road in Buckingham County surrounded by similar properties. Mostly open fields with some woods to front and back of property would make great private home sites. Sunsets are lovely from this vista! From $21,900 to $46,900. June Seay, 981-9038. (550627-630)
HEAVENLY PLATEAU of 7.79 acres, ready to build. Well drilled, soils perked, paved access. Stream could make perfect pond site. Albemarle near Barboursville. $349,500. (533956). Two add’l, beautiful 2 and 2+ acre lots are also available. $249,500. (533948) and $195,500 (533955) These 3 lots have phenomenal Blue Ridge views! JimBonner. com 951-5102.
JUST 3 MINUTES from the charming town of Gordonsville this land is on a quiet country road. This private and serene woodland is perfect for a home with pond site, a vacation spot or hunting paradise. There is a hard packed & stone logging road which takes you to the creek. Wildlife abounds. $295,000. Fiona Tustian, 540-661-9089. FionaTustian1@ gmail.com (553128)
Trust, Tradition & Market Leadership
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
Downtown: 434-296-7171
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
21
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
22
HOME SALES STATS ENDING THE WEEK OF DECEMBER 30, 2016
There were 53 homes sold in the seven-county area n 22 were in Albemarle with an average price of $499,677 n 5 were in Charlottesville with an average price of $200,592 n 6 were in Fluvanna with an average price of $207,167 n 3 were in Greene with an average price of $301,133 n 6 were in Louisa with an average price of $193,825 n 2 were in Madison with an average price of $330,000 n 7 were in Nelson with an average price of $228,557 n 2 were in Orange with an average price of $261,829
THE
Staff:
PUBLISHER Aimee Atteberry
aimee@c-ville.com
ADVERTISING Beth Wood 434.817.9330
beth@caarrew.com
EDITORIAL COORDINATOR Celeste Smucker
editor@caarrew.com
DESIGN Tracy Federico Henry Jones
designer@c-ville.com rewdesigner@c-ville.com
HOMES SOLD 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.
1609 GRIFFEN GROVE BELVEDERE
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
4 CARRIAGE HILL ROAD NEEDHAM VILLAGE
1635 VICTOR PLACE WHITTINGTON
4206 CELT ROAD BRECKENRIDGE
618 MCINTIRE ROAD CHARLOTTESVILLE
735 LAUREL ROAD FABER
LOCAL GOVERNMENT (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
LOUISA COUNTY
ALBEMARLE COUNTY
MADISON COUNTY
FLUVANNA COUNTY
NELSON COUNTY
www.charlottesville.org Real estate tax rate: $.95 per $100 www.albemarle.org Real estate tax rate: $.839 per $100 www.co.fluvanna.va.us Real estate tax rate: $.917 per $100
GREENE COUNTY
www.gcva.us Real estate tax rate: $.775 per $100
www.louisacounty.com Real estate tax rate: $.68 per $100 www.madisonco.virginia.gov Real estate tax rate: $.68 per $100 www.nelsoncounty.com Real estate tax rate: $.72 per $100
ORANGE COUNTY
www.nelsoncounty.com Real estate tax rate: $.804 per $100
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. 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.
CAAR Real Estate Weekly Is printed on 100% recycled paper
308 E. East Main Street • Charlottesville, VA 22902 Tel.: 434-817-9330 • FAX: 434-817-2714 e-mail: ads@caar.com Send your news and/or press releases to editor@caarrew.com
QUANDARY FARM
IVY RIDGE
SO LD WILLOW GLEN TOWNHOME
ROCKY GLEN
Artfully crafted luxury home on 63 acres. Original log cabin, pond, horse barn in Western Albemarle. $995,000 MLS#530112
TANBARK
Wonderful country retreat on 16 acres on James River Rd. in Albemarle. 3 charming dwellings, barns & fenced pastures. $499,000 MLS#530063
SO LD
Immaculate Willow Glen town home in Hollymead Town Center. Quality finishes throughout. Walk to Target, restaurants & more! $243,000. MLS#553266
AMMONETT FARM
Traditional farm house on 34 acres near Walnut Creek Park. Fenced pasture, plenty of water. $665,000 MLS#548115
SO LD
Circa 1860, 100 AC homestead near Trump & Blenheim Vineyards. Extraordinary home and grounds. Indoor/Outdoor fireplaces, Private compound w/ pro sound studio, pond, guest house & cabin. walled gardens, workshop and chicken house. $1,250,000 MLS#550247 $749,000 MLS#547195
JANUARY 11 - JANUARY 17, 2017 ISSUE 26-02
23
OLD ORCHARD
Circa 1850, Excellent value of 231 acres in Scottsville. Vintage dependencies, new horse barn with indoor pool. $1,250,000 MLS#550309
WEST FARM
Extraordinary home c 1850 on 16+ AC. Classic finishes, vaulted ceilings, above garage apt. & rolling pastures in a private setting. $559,000 MLS#555704
EARLYSVILLE ROUND HOUSE
Custom stone, board & batten house in an idyllic private country setting in the Earlysville area, mountain views from every window. $1,100,000 MLS#553087
FRAYS RIDGE ESTATE
Stately Albemarle estate of 21 acres. 9 bedrooms, pool, pond, 6 car garage, 4 kitchens. $2,200,000 MLS#513246
LOCKWOOD FARM
Prime, gently rolling farmland near Scottsville. 3 ponds, serviceable barns and equipment shed. $650,000 MLS #550478
CAAR REAL ESTATE WEEKLY WWW.CAAR.COM
CARTERS BRIDGE
Estate area executive home on 3.5 acres. Nearly new 5 bedroom home in private setting. $439,000 MLS#534739
vintage log home by Spear Builders Starting at $695,000
The Farmhouse
Edgewood Cottage Starting at $975,000
Blenheim Farm Manor Starting at $795,000
The only Charlottesville Estate Community offering high-speed internet and Smart Home capababilities. Truly Modern Amenities. Custom Homes. Classic Mountain Views. Twenty Minutes from UVA. 21+ Acre Estate Parcels starting at 195,000. Homes starting at 795,000. • info@turkeyruncville.com • (434)566-5562 • www.TurkeyRunCville.com •