The Real Estate Weekly 4.03.2019

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VOL. 28 NO. 14 n APRIL 3 - APRIL 9, 2019

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, Augusta

Central Virginia’s Robust

Second-

HOME Market

BY CELESTE M. SMUCKER

What’s Happening with Interest

Rates?

A Virginia Tradition Since 1927 Charlottesville: 434-951-5155

Greene: 434-985-2348

Zion Crossroads: 434-589-2611

Downtown: 434-296-7171

Wintergreen: 434-325-8018

Western Albemarle: 434-205-4355

Ednam Hall • Dryden Lane • Charlottesville, VA 22903

®

®

Homes@RoyWheeler.com • www.RoyWheeler.com

RE D

U

CE

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WELCOME HOME to Franklin Street! Unique and modern city living. Customize your interior features. Enjoy an open floor plan on the main level, 3BR upstairs including master bedroom with private balcony. Prime Charlottesville location on a level lot. Minutes from Downtown and only 0.5 miles from the NEW Woolen Mills Willow Tree Campus. $549,900. The “YES” Team, Yonna & Keith Smith.

434-531-0817/434-531-0795. (587354)

BEAUTIFUL SEMI-ATTACHED HOME within walking distance to trails and club amenities. 1 level living with bonus room and full bedroom & bath in the basement. Level rear yard and deck off the great room. Full finished terrace level basement with built in bar, billiard room and large game room. Master bedroom on the main level, plus additional bedroom with full bath. Irrigation system. $336,000. Anne Oliver, 434-825-8174. (587348)

NORTH DOWNTOWN historic circa 1894 gem! Current owners have meticulously renovated this Queen Anne home bringing it into the 21st century! This two-family house includes an upper level with 3BR/3.5BA and a 2BR/2BA terrace level apartment. Owners have retained this home’s many original architectural details while providing all the comforts of modern living. $1,850,000. Alex Ix, 434-962-0509. (585037)

QUALITY BUILT HOME on 5.82 acres. Dream away on the 2-level covered front porches or on the covered rear porch. Upgrades include hardwood floors on the 1st and 2nd levels, granite counters, built-ins, large master bed/bath, 2 more bedrooms, basement finished with rec room, wet bar, full bath and workout room. $459,900. MatthewWoodsonProperties.com 434-960-5187.

(584640)

AWESOME VIEW from this 2BR/2BA condo with updated kitchen and tasteful furnishings.

Open floor plan with lots of light. Wood-burning FP. Walk across the street to golf and tennis. Short walk to skiing, the aquatics center, fitness center and Trillium Foundation. Ready to move in and enjoy spectacular sunrises and star gaze from your deck at night. $225,000. Lauri Powell, The Chase Team, 540-718-1470. (580757)

SIGNATURE LOT at Shamokin #1 tee box.

Nearly level larger will have a mountain view when cleared. Located on a court right before the Blue Chickory Lane cul de sac for privacy.

Walk to clubhouse, pro shop, Grille, fitness room, tennis courts, swimming pool and driving range! $75,000. Lauri Powell, The Chase Team, 540-718-1470. (576700)

NOW PRICED BELOW ASSESSMENT! Pick one of 3 half acre lots on Meadow Brook Lane and build your dream home just FIVE minutes to Zion Crossroads. Peaceful neighborhood with pavilion for gatherings and low HOA fees. Purchase all three lots and receive a discount! $52,500. susanstewart76@gmail. com Susan Stewart 434-242-3550. (576903, 04, 05)

LOCATED 3 MILES from the quaint town of Batesville, this privately situated building lot offers 15.38 acres. Parcel has spectacular panoramic Blue Ridge Mountain views and is located within the Western Albemarle School District. $149,500. info@stevewhiterealtor.com Steve White, 434-2428355. (585085)

SOUTHWIND ESTATES. Barboursville. Heavenly plateau of three lots ready to build in Albemarle County. Well drilled, perked, good soil and paved access. Stream could make a perfect pond site. Picturesque Vineyard and Blue Ridge views in your own neighborhood! 7.79 acres $349,500 (564444). 2.36 acres $249,500 (564442). 2.00 acres $195,500 (564443). JimBonner.com 434951-5102.

THIS 5 ACRE LOT offers everything you want. A Creek divides the 3 wooded acres in the back from the 2 open pastureland in the front. Picture your new home on several wonderful building sites. Property lends itself to a nice pond site. $75,002. MatthewWoodsonProperties.com 434-960-5187.

(582012)

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

E D IC CE PRDU RE

5 D RI IV G IS H IO TS N

YO P U IC R K LO T

WATER FRONT COTTAGE in Northern Albemarle offers endless opportunities! Take advantage of the 12 acre pond, cozy 2 bedroom cottage and 3 bay detached garage on 4+ acres. Great opportunity to build your dream home; foundation is in place - ready for your dream home. Beautiful setting. Located just 1 mile from Rt 29. Your oasis awaits! $299,000. Yonna Smith, 434-531-0817 and Megan Perry, 434-806-5245. (585477)

CONVENIENTLY LOCATED in Albemarle County you will find this recently timbered land waiting for you to build your new home. 36.3+/- acres with 5 division rights and some mountain views. This is an amazing opportunity. $160,000. Betsy M. Watson, 434-249-5995 and Susan Stewart, 434-242-3550. (551634)

Celebrating Over Ninety Years Trust, Tradition & Market Leadership

6 BAREFOOT Road

3044 CAMPBELL Road

21 OLD HOMESTEAD CIR

15 CONDOR Road

366 MANOR BLVD

Vaulted Split-BR Rancher built

by Award-Winning Taylor-Lynn Homes. 4 BR, 3 BA, 2204 Fin. Sq. Ft

Estate Home w/Natural Privacy, Hardi-Plank Exterior w/Terraced Gardens & Courtyard Entrance, Unique Octagonal Entrance Foyer, 3.5 Garage w/Studio Apt., 3268 sf - 5 BR 3 BA - On 2.46 Ac.

Waterfront with 97-ft of main lake waterfrontage & gorgeous views. 4 BR, 2.5 BA, 2711 Fin. Sq. Ft

138-ft of Waterfrontage & Dock.

Vaulted Rancher w/Fin. Basement, Greatroom w/Brick Gas Log FP, 4 BR, 3.5 BA

Gorgeous Estate home 4561 SF - 4 BR - 3.5 BA, Gourmet Kitchen w/Granite, Fin Basement, Huge Deck w/Privacy

$298,500

$385,000

$448,500

$450,000

$475,000

COMING SOON

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Waterfront with 288-ft of Main Lake Waterfrontage Breathtaking Views of Sunrises & Sunsets - $695,000

48 EDGEWATER Dr.

50 SMOKEWOOD DR.

21 ASHLAWN BLVD

17 PIEDMONT LANE $798,000

Split-BR Vaulted Rancher w/ Fin. Basement & Garage $189,500

150-Ft prime waterfrontage dock - gorgeous views - just 1-block from main beach & clubhouse, 3 BR, 3 BA

73-ft of Waterfrontage, Dock & Views of Beach #5. Gorgeous Greatroom w/Custom Built-ins & Stone W/B FP, 4 BR, 3 BA

83-ft of Beautiful WaterfrontageDock-Boat Lift. Vaulted Greatrm w/ Stone FP. Gorgeous Gourmet Kitchen w/Granite, Hickory Flooring, 2641 sf

125-ft of BEAUTIFUL WATERFRONTAGE - Custom-Built Brick Rancher with 2 Family Rooms and 2 Kitchens. 7 BR, 5.5 BA

Split-BR Vaulted Rancher w/ Screened Porch and Garage - $179,500

$598,500

$598,500

$610,000

PATSY STRONG, Broker ABR, SRES, SRS, CLHMS

Patsy@StrongTeamRealtors.com

(434) 996-4606

STILL GOING STRONG

StrongTeamRealtors.com • LakeMonticelloProperties.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Certified Luxury Home Marketing Specialist Top-Producing Listing Specialist Since 2002 #1 In Waterfront Sales Since 2002

What’s

APRIL 3 - APRIL 9, 2019 ISSUE 2814

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VOL. 28 NO. 14 n APRIL 3 - APRIL 9, 2019

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, Augusta

Inside:

Central Virginia’s Robust

Second-

HOME Market

BY CELESTE M. SMUCKER

APRIL 3 - APRIL 9 , 2019

What’s Happening with Interest

10

Rates?

Central Virginia’s Robust

Second-

HOME Market

BY CELESTE M. SMUCKER PRESENTED BY

PRESENTED BY

VIP LOUNGE SPONSORED BY

20

Issue: IN EVERY

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

ADDITIONAL SPONSORS

News & Views .................................. 5

What’s Happening with GA AND VIP TICKETS ON SALE NOW:

KNOWGOODBEER.COM

This event sold out last year. Do not wait to purchase tickets!

Part of the proceeds to benefit Red Shoe Cville and the Charlottesville Ronald McDonald House.

INTEREST RATES?

BY CELESTE M. SMUCKER

NEXT WEEK:

FEATURE Central Virginia’s Robust Second-Home Market .................... 10

BY CELESTE M. SMUCKER

HOME FINANCE What’s Happening with Interest Rates? .......................................... 20

BY CELESTE M. SMUCKER

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

• Louisa County Overview • Fridays After Five

What’s Happening Around Town?

THE BOOK OF WILL Opens Friday, April 12 at Live Arts

Bringing It (back) to Life Art is about the artist, but it is often sponsored, treasured and saved by benefactors and friends of the artist; and today, we benefit from the work of both. We have great works that have survived a long time.

THE BOOK OF WILL is something new, and the play combines the fun of creating art in the now with the power of preserving art for future generations. It is an innovative, new work about stories we know and love.

“We are relying on imagination, as Shakespeare did, as well as human ingenuity, far more than technical ingenuity and advancement,” says Director Boomie Pedersen. “And it has been great fun to see how the contemporary world has much in common still with the world of Shakespeare and Burbage and Ben Jonson.”

Dementia Friendly Live Arts strives to make its performances and facilities accessible to all our patrons. For additional information, or if you have questions, need assistance, or require an accommodation not mentioned below, please contact the Producing Artistic Director, Bree Luck at bree@livearts.org.

Sunday, April 28th will be a modified dementia-friendly matinee perfor-

Performance Dates: Friday, April 12 at 8 p.m. through Sunday, April 28 at 2:00 p.m.

Tickets: $26 for adults and $22 for students and seniors. Purchase online at www.livearts.org or by calling the Live Arts Box Office at 434-977-4177 x 123.

Pay-What-You-Can-Wednesdays: On Wednesdays, Pay-What-You-Can, at the Box Office, Noon to 4 p.m. and 7 to 8 p.m., in person, available while tickets remain.

About Live Arts: Live Arts, a non-profit 501 (c) (3) organization, is located at 123 East Water Street in Downtown Charlottesville. Founded in 1990, Live Arts has been forging volunteer-driven community theater for over 28 years. Live Arts is supported in part by a grant from the Virginia Commission for the Arts and the National Endowment for the Arts, and by the financial support of hundreds of theater lovers in our community. n

2790 Milton Hills Drive CHARLOTTESVILLE

Updated all brick home on over 5 acres boasting panoramic views.

Well appointed chef’s eat-in kitchen w/ gorgeous granite counters, cherry cabinetry & walk-in pantry.

3-car garage, and large mud room. www.2790miltonhillsdr.com Rich teak floors in family room w/ gas log FP. Dining room with French doors opens to a fabulous sun room with a wall of windows. Main level owners en suite. Walkout terrace level, handsome wet bar, bedroom, new full bath and loads of storage. Enjoy tranquil sunsets on your deck or patio. 20x12 shed. MLS# 586289 $650,000

Katelyn Mancini (703)203-3388 katelyn.realtor@gmail.com www.katelynmancini.com

1100 Dryden Ln, Charlottesville, VA 22903

NEWS & VIEWS

The Story As you like it, the First Folio was created. In a tempest, Shakespeare’s plays are saved by his friends.

THE BOOK OF WILL introduces us to John Heminges and Henry Condell, Shakespeare’s closest friends, without whom we might have lost half of Shakespeare’s plays! After the death of their friend and mentor, Shakespeare’s cronies determine to compile a definitive copy of his original plays. In order to do so, however, they must contend with an unscrupulous publisher, a drunken poet laureate, and even their own mortality.

Set in the bustle of Elizabethan London, Lauren Gunderson’s THE BOOK OF WILL is a lively, funny, poignant love letter to theater.

mance. Dementia-friendly performances are designed to create a performing arts experience that is welcoming to all guests living with dementia, as well as their caregivers and companions.

Accommodations for this performance of BOOK OF WILL include: • Lower sound level, especially for startling or loud sounds.

• Lights remain on at a low level in the theater during the performance, and a door to the lobby remains slightly ajar.

• Increased signage for restrooms, concessions and other important information throughout the building.

• Patrons are free to talk and leave their seats during the performance, and a designated quiet area will be available in the lobby.

• Live Arts staff, cast, and crew have been trained to be inviting and accommodating to guests’ needs.

Also, if you would like to visit Live Arts ahead of time to see the set, your seats, the locations of restrooms, and meet with a few members of the Live Arts staff, we will offer a familiarization event on Saturday, April 20th at 2 p.m.. Hard copies of the script will also be available at that time, or upon request.

A MUST SEE like-new, custom built home on over 3 acres on the private side of Lake Anna. Vaulted ceiling great room, built-ins and gas FP that opens to a gourmet kitchen with stainless appliances. www.648travellersst.com Spacious master suite with luxury bath and large walk-in closet. Two additional bedrooms and full bath plus bonus /4th bedroom. 2-car garage plus laundry/mud room with storage and sink. Entertainment size back deck and covered front porch. A short bike ride takes you to your boat slip. Fully fenced rear yard. MLS# 586350 $419,900

APRIL 3 - APRIL 9, 2019 ISSUE 2814

NEWS & VIEWS

THE WATERS OF LAKE ANNA

5

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers Farm, Estate and Residential Brokers 503 Faulconer Drive ∙ Charlottesville ∙ VA ∙ 22903

WILEY DRIVE

Immaculate home that has been thoughtfully and tastefully upgraded. Custom woodwork throughout. A peaceful and quiet setting. 1- floor living with 1st floor master. 3 additional bedrooms, family room and 2 baths on the 2nd floor. Kitchen features: high-end granite counters, Rohl faucets, Sub Zero/Bosch/Dacor appliances and a bay window overlooking the yard. Light filled walk out basement. Mountain views. Yard maintenance covered by HOA. $1,350,000

WATTS PASSAGE

Unique, custom designed brick home.

Set on 80 Park-like acres. The large screened porch with vaulted ceilings is perfect for outdoor entertaining. Custom kitchen cabinets, beautiful hardwood floors. First floor master suite.

Attached 3 car garage with sunroom/ breezeway. Large (884 sq.ft.) detached garage/multi-purpose building/barn. Large one and a half story cottage with vaulted ceiling and screened porch. Multiple division rights and several great building sites with mountain view. $995,000

CALL SHARON

Over 25 years of Real Estate experience. email: callsharon.today@yahoo.com cell: 434.981.7200 WWW.MCLEANFAULCONER.COM

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

CAAR REAL ESTATE WEEKLY

648 Traveller Street

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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 OLD MILL ROAD

HESSIAN ROAD

Built by renowned architect Milton Grigg as his personal residence, owner has recently completed a stunning state of the art restoration and enlargement, in a coveted City neighborhood. MLS#577617 $2,399,000 Charlotte Dammann, 434.981.1250

EDNAM FOREST

OAKLAND FARM

Immaculate, totally renovated home on one of the largest lots in Ednam. Designed by Peter Sheeran, this home sits on 3.7 private acres. 1st floor master suite and beautiful stone fireplace in great room. MLS#586335 $1,285,000 Steve McLean, 434.981.1863

PLEASANT HILL

Historic, circa 1767 property on 663± acres in Deep Run Hunt Country fronts the Willis River. Brick manor house with 5 bedrooms, circa 1740 guest cottage, 4 barns, and more. MLS#549952 $2,595,000 Steve McLean, 434.981.1863

Charming, circa 1850 beautifully restored, 3 bedrooms and 2 bath farm house on 77 acres surrounded by pasture and forest providing a private setting on a lovely knoll close to the James River. MLS#585271 $585,000 Steve McLean, 434. 981.1863 CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

A spacious, impeccably maintained, and light filled brick home! Three bedrooms, three bathrooms, a living room with a gas fireplace, and a kitchen with several stainless-steel appliances. Located in a tranquil, private setting, yet convenient to the Greene Hills Golf and Swim Club, multiple wineries, and Shenandoah National Park. A fast and easy drive to the University of Virginia.

MLS#577617 $299,900 Charlotte Dammann, 434.981.1250

WILLIAM COX HOUSE

HISTORIC, circa 1770, on 28 beautiful, mostly open acres, with great Blue Ridge Mountain views, and river frontage. Residence enlarged and completely remodeled in the past ten years. MLS#581306 $1,200,000 Jim Faulconer, 434.981.0076

LOWFIELDS

251-acre farm overlooking the James River with Blue Ridge Mtn. views. 3,600+ square foot main house with pool, charming guest cottage, barns and outbuildings. Under conservation easement. MLS#586582 $1,950,000 Steve McLean, 434.981.1863

MILL RIDGE

Completely updated, 5-6 BR 5 BA, 2-story home in perfect condition! 1st floor master suite, oversized 2-car garage, potential for office or efficiency apartment above.

Meriwether Lewis School District. MLS#585447 $1,100,000 Steve McLean, 434.981.1863

GLENTIVAR

An impeccably renovated farmhouse nestled on 15 gently rolling acres in the foothills of the Blue Ridge Mountains. Its many stunning architectural details include an entrance hall with high beamed ceilings, heart pine flooring, and 12 fireplaces. The magnificent property includes a pool, patios/terraces, and barns. Western school district!

Easy access to I-64 and Rt. 250.

MLS#587784 $1,285,000 Steve McLean, 434.981.1863

WALNUT HILLS

HISTORICAL, Georgian Revival mansion, built c.1878 by Gov. James Kemper on 373 splendid acres offering guest cottage and a complement of farm buildings. Long frontage on Rapidan River. $3,900,000 MLS#574009 Will Faulconer, 434.987.9455

WWW.MCLEANFAULCONER.COM

MCL EAN FAULCONER INC. Farm, Estate and Residential Brokers

CARAPAN

2.5 private acres in Keswick Estates. Private with lovely views of the golf course and distant mountains. Architecturally designed, 7,000+ square foot residence with 5 bedrooms. MLS#451592 $1,650,000 Charlotte Dammann, 434.981.1250

EDNAM

PRICED 40K BELOW TAX ASSESSMENT! 3 bedroom, 2.5 bath, Cape. Well maintained, hardwood floors throughout first level, main level master, walk to Boar’s Head. MLS#583351 $614,000 Jim Faulconer, 434.981.0076

DAVIS SHOP ROAD

This great home on 5.5 acres is the perfect country property, privately situated near Free Union in the Western Albemarle school districts. Beautiful setting with winter Blue Ridge Mountain views.

MLS#586050 $449,000 Jim Faulconer, 434.981.0076

GARTH RUN ROAD

20± acre country property with stream running through the land. Tucked in the mountains with stone ruins of a mountain cabin evident on the property. Private & remote yet only 10 minutes to numerous conveniences.

MLS#585226 $110,000 Steve McLean, 434.981.1863

OLD MANSE

1868 farm house on the National Register of Historic Places. Greek Revival home surrounded by ancient boxwoods, mature trees and gardens. 46 acres in the city of Orange, with easement possibilities. MLS#585098 $595,000 Steve McLean, 434.981.1863

HANDLEY FARM ESTATES

Impeccable, one-level 4 bedroom home, gorgeous mountain views perched on 5± private acres in Western Albemarle. Just 10-15 minutes from Waynesboro or Charlottesville. MLS#585923 $1,295,000 Steve McLean, 434.981.1863

SEMINOLE TRAIL

Classic brick Colonial on 5 acres in Madison County.

Its many great features include a spacious family room, kitchen with cherry cabinetry, and hardwood flooring.

An easy drive to Charlottesville, Culpeper, and D.C. MLS#587811 $615,000 Steve McLean, 434.981.1863

SUNNYSIDE

Large parcel convenient to Charlottesville and UVA. Exceptional Blue Ridge views, farm house (in need of restoration). Under VOF easement, but with divisions into already predetermined parcels. MLS#585228 $4,400,000 Steve McLean, 434.981.1863

MOSBY MOUNTAIN

Set on a quiet street this home offers 5 bedrooms, 4.5 baths, 2-car garage. Open kitchen design, large bay window in dining room, masters on first and second floor. Lovely sun room. Full basement partially finished.

MLS#586144 $549,000 Jim Faulconer,434.981.0076

NARAMATA

Splendid private sanctuary in Madison County on 35± acres, magnificent landscaped grounds, private rural setting. Residence has large, comfortable rooms, floor to ceiling French doors, three covered porches.

MLS#581174 $699,000 Jim Faulconer, 434.981.0076

OXFORD ROAD

Rugby Hills neighborhood. Beautifully remodeled, 4 bedroom, 4 bath home in excellent condition almost as if new! Great schools, screened porch, large lot and new landscaping. MLS#586422 $845,000 Steve McLean, 434.981.1863 (Owner/Agent)

TAYLOR MOUNTAIN FARM

Private, lovely views and convenient building site in the desirable Western School District, 15 minutes to town. Potential for division with 3 development rights and adjoining hundreds of conserved acres MLS#585227 $350,000 Steve McLean, 434.981.1863

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

APRIL 3 - APRIL 9, 2019 ISSUE 2814

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New to Market Open April 7th

60 Woodlawn Drive

1-3

$210,000 - #587616 – Lake Monticello Full basement, 2.5 baths, updates Jim Pippin, 434-996-1621 DIR: 53 to Fluvanna Co. L on 618 (Lake Monticello Rd) to main Lake Monticello gate. L on Jefferson, R on Brougham Rd, 2nd L on Ashton Rd, R on Woodlawn Drive, home on R. Bring ad for admittance.

Gorgeous 4 Bedroom Home

Lake Monticello, Fluvanna Co. $325,000 – MLS #588076 Master bedrooms on 1st and 2nd floor Christopher Eagle, 434-284-0425

Spectacular Home – Perfect Plan Mosby Mountain, Albemarle Co. $623,800 – MLS #588093 Abundant windows, master BR retreat Bob/Tricia Traugott, 434-882-0824

Easy One Level Living

Four Seasons, Greene Co. $319,900 – MLS #588116 Large corner lot, 3 BR, 2- car garage Pam Rivera, 434-305-9241 Don Brady, 703-927-1426

Classic c. 1920 2-Story Home

Magnificent Mountain Vistas

Belmont, Charlottesville $424,400 – MLS #587806 10 min to Downtown, two 2 BR units Mike Johnson, 434-245-9898

Stoney Creek, Nelson Co. $349,900 – MLS #587851 Many windows, stone FP, full basement Barbara Seidler, 434-960-2102

Upgraded & Spacious Plan

Good as New – Almost 5 Acres

Abington Place, Albemarle Co. $274,000 – MLS #588123 Terrace level w/rec room & more Bob/Tricia Traugott, 434-882-0824

Scottsville, Albemarle Co. $181,000 – MLS #587958 Level lot, outbuilding, private Debi Dotson, 434-960-6753

Feature Properties New Price

Exquisite Estate Home

Keswick Estate, Albemarle Co. $2,585,000 – MLS #561427 Formal gardens & greenhouse, 5 BR Bob/Tricia Traugott, 434-882-0824

New Price

Custom Built Georgian

Glenmore, Albemarle Co. $839,000 – MLS #570319 Open plan, renovated kitchen, privacy Jeff Gaffney, 434-981-1882 www.2108PiperWay.com

One Level Living at its Finest Whittington, Albemarle Co. $789,700 – MLS #585764 Brand new home, gourmet kitchen Justin Kent, 434-951-7052

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

New Price

Picture Perfect, Artist Paradise!

Rapidan Forest, Louisa Co. $475,000 – MLS #576586 Custom-built colonial on 10 private acres Len Mailloux, 434-981-1972 Bruce Langevin, 434-996-2693

Mortgage Partners Ben Aliff 434-996-0016 NMLS #202242

Completely Remodeled Home Earlysville, Albemarle Co. $392,500 – MLS #582247 Peaceful setting, 3.41 ac, 3-car garage Sylvia Guengerich, 434-981-2230

Lovely Split Level Home Northfields, Albemarle Co. $389,950 – MLS #580569 4 BR, 3 BA, great neighborhood Kris Jensen, 434-566-1738

Turn of the Century Farm House Esmont, Albemarle Co. $279,900 – MLS #586985 Recently updated with original charm Tee Tucker, 434-242-1970 David Griffin, 434-409-6370

www.RealEstateIII.com FindHome@RealEstateIII.com

Movement Mortgage, LLC is an Equal Housing Lender. NMLS # 39179 (www.nmlsconsumeraccess. org) | 877-314-1499. Movement Mortgage, LLC is licensed by the "Virginia Bureau of Financial Institutions" #: MC-5112. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in.

Borrowers must qualify at closing for all benefits. “Movement Mortgage” is a registered trademark of the Movement Mortgage, LLC, a Delaware limited liability company.

YOUR PLACE. OUR PURPOSE .

Custom-Built Traditional two-story 6 bed, 4½ bath home with a wraparound porch and an apartment in the lower level. The sunshine filled Master Suite has Whirlpool Tub, dual vanities and 3 closets.

In the country and close to town. Earlysville mini-farm on 6 acres with barn for horses and a pond. The house has 3 bed 2 bath and an apartment in the lower level.

In addition there are two garages and workshops.

1107 Rugby Rd | Charlottesville Wonderful Rugby Road home features large covered and screen porches, heart pine floors, living room w/wood burning fireplace, updated kitchen, and charming fenced yard. Off-street parking and walking distance to UVA!

$499,900 | montaguemiller.com/mls=581097 Mike Gaffney | 434.760.2160

$480,000 | montaguemiller.com/mls=585865 Doug Burke | 434.996.6791

$518,000 | montaguemiller.com/MLS=588071 Rives Bailey | 434.227.4449

87 Westover Dr | Ruckersville

73 Middleberry Ln | Ruckersville

3241 Gateway Cir | Charlottesville

Green Building Practices and a HERS rating will save you money, high quality home. Only 4 miles to Albemarle in an established community with amenities and large yards! Easy access to Charlottesville.

BEAUTIFUL UPDATED TOWNHOME in Forest Lakes!

Open floor plan’s spacious and light filled living room, family room with beautiful newly added sparkling plank floors. 3 BR, 2.5 BA, generous master bedroom suite.

Spacious & Bright open-concept home on a 6+acres with beautiful Mountain Views! Wide open space draws light from many skylights & expanding throughout vaulted living areas. 3 car garage, Dual-zone/ Dual Fuel HVAC.

$435,000 | montaguemiller.com/mls=586282 Pat Sury | 434.760.2999

$339,900 | montaguemiller.com/mls=585048 Dana Watson | 434.996.2700

$245,000 | montaguemiller.com/MLS=588023 Anita Dunbar: 434.981.1421

4310 Jacobs Creek Dr | Scottsville

1336 Creekside Dr | Charlottesville

3050 Branch Rd | Scottsville

Excellent opportunity for one level living on 8 acres in Albemarle County. Spacious eat-in kitchen, 2 living rooms, study/office, 3 bedrooms including large Master bed with en-suite bath. Pasture with barn and creek.

Located close to Historic Downtown & UVA Medical Center. This ultimate privacy home features 3 bedrooms and 2 baths, first floor Master with cathedral ceilinged living room with brick wood burning fireplace.

$239,000 | montaguemiller.com/mls=588069 Kelly Faillace | 434.227.4449

$235,000 | montaguemiller.com/MLS=586404 Alice Nye Fitch | 434.981.4562

MONTAGUEMILLER.COM | 800.793.5393

CHARLOTTESVILLE | AMHERST | MADISON | CULPEPER | ORANGE

Unique and exceptional condition (one owner) 2 bedroom log cabin on even-level and lightly wooded 2.5 acres. Privacy in the charms of a rural setting.

$175,000 | montaguemiller.com/mls=588122 Michael Blackmore | 540.903.9127

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

3988 Mola Ln | Earlysville

952 Rockledge Dr | Charlottesvile

APRIL 3 - APRIL 9, 2019 ISSUE 2814

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APRIL 3 - APRIL 9, 2019 ISSUE 2814

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Central Virginia’s Robust

Second-Home Market

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

FEATURE

BY CELESTE M. SMUCKER

H

ow great it is to get away from the hustle and bustle of city life, the noise, the traffic, the deadlines. Which is why so many people find themselves buying a home on acreage, on a lake or in the mountains.

A place with a view close to where they can ski, snow board, kayak or take long walks through the woods while their dog runs off leash enjoying new and interesting scents.

These buyers use their vacation home for social events, family reunions and private retreats. In some cases they also take advantage of short term rental opportunities to earn income on the side or pay the mortgage.

Young families invest in second homes so their kids can get acquaint-

ed with the woods, the streams and hiking in the mountains. Couples with grown children may purchase their second home with the intention of retiring there when the time comes, impressed with the low property taxes and the amount of home and acreage their money can buy here compared to DC or the Northeast.

Privacy lovers enjoy the chance to indulge their passion for driving ATVs, or engaging in hunting, fishing and hiking, all without leaving their own land.

These second home buyers are part of a national trend. According to the National Association of REALTORS® Investment & Vacation Home Buyer’s 2018 survey, the largest group of vacation buyers (49 percent, up 7 percent from last year) purchased their proper-

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Cell: (540) 580-6960 E-mail: RegAnderson@Realtor.com www.VirginiaPropertiesAndHomes.com 2 Virginia Lakes - 2 Lake Lifestyles

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

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APRIL 3 - APRIL 9, 2019 ISSUE 2814

11

FEATURE

APRIL 3 - APRIL 9, 2019 ISSUE 2814

12

ty for vacations or as a family retreat, and of these, the majority bought a detached single family home.

Local REALTORS® report a busy second home market for all kinds of property from condos with great views to homes on private rural acreage, the waterfront and the mountains of Wintergreen and Massanutten. They buy for private use, for rental or for both.

If you are ready to buy a second home, call your REALTOR® today. Interest rates remain low (though experts predict they will rise this year), but the strong market is pushing up prices while inventories of homes for sale continue to decrease. So act now while you can still find a great deal.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Active Market for Second Homes Second-home buyers may not arrive here with the intention of adding to their housing inventory. They pass through on their way somewhere else, or come for special events like the Wintergreen Summer Music Festival, the Montpelier Races, or a play at Staunton’s acclaimed Blackfriars Playhouse.

Then, drawn by a long list of local attractions, they buy a second home.

While they may plan to use their place just to de-stress on weekends, they often find excuses to lengthen their stays until finally they are permanent residents.

“I have seen it over and over again,” says Patsy Strong, Broker with Strong Team REALTORS®. “Buyers purchase a waterfront home for weekend use, then they start extending their weekends and working there on Fridays and Mondays. Eventually I run into them in the store in the middle of the week and they confide (with a smile) that they have made the move to the water permanent.”

Yes, there is lots of demand for second homes, but inventory shortages are challenging, agents say, hopeful that more sellers will be enticed to list their houses soon.

“The market is good,” says Diane Miller with Long & Foster – Lake Monticello. She expects interest to increase even more as the weather warms.

House purchases are not as urgent for a second-home buyer as someone seeking a primary residence so they are less inclined to be out looking during the colder months, she explains “Inventory is low,” says Francesca San Giorgio, Broker with Four Seasons Realty in Nelson County, who adds that while there have been lots of sales the last two years, there are still good deals available.

Business has been good lately, agrees James Dickerson with Charlottesville Solutions. He cites the second-home-buyer market at Lake Anna—a large development that overlaps the counties of Orange, Louisa and Spotsylvania—as one that has been active since November, where building lots and single family homes are both in demand.

He also hears from second-home buyers wanting acreage or a farm with a house they can fix up and rent until they retire. Others want a place where they can hunt and fish without leaving their property like one of his clients, a resident of Richmond who purchased a second home with mountain views and a stream to enjoy during his down time.

Libby Sandridge with Dockside Realty at Lake Anna describes the market there as “very active.” She also notes an increased interest in building lots that, she says, are moving faster than last year at this time.

The market is active with low inventory, observes Dave Cureton with Massanutten Realty. Currently there are only 15 listed homes in Massanutten ranging from a three bedroom, 1978 cottage for $192,900 (first time buyers take note) to a four bedroom upscale log home listed at $469,900.

Fun Plus Gorgeous Views Spectacular views and a plethora of outdoor activities such as hiking, skiing, snowboarding, tennis and golf, are all available and more at local mountaintop resort communities.

Massanutten, near Harrisonburg, is where Cureton once owned a second home using it only occasionally until he fell in love with the lifestyle and became a permanent resident.

The area attracts a goodly number of second home buyers, he explains, including some that intend to lease the property full time. The local HOA (Home Owners Association) permits short-term rentals to vacationers as well, so long as they observe common-sense guidelines like no noise after 10 p.m.

In fact, Cureton has noticed a real upturn in activity from buyers purchasing homes for vacation rentals, with more of these transactions last year than ever before. One of his recent listings, a large home with dramatic views, received two full price offers as soon as it went on the market. It was bought by a vacation rental landlord who wanted to add another home to his portfolio.

A related trend in Cureton’s market is landlords who are willing to invest money into both their homes and the furnishings, which means they can charge higher fees.

Year round activities for all ages are also available at Wintergreen in Nelson County. Agents there describe a busy market with buyers coming from all nearby population centers, the Carolinas, Northern Virginia, Maryland and Southwest Virginia.

Buyers are mostly forty and older San Giorgio says, and are often young fami-

12 HIGH PASTURE LANE

Bring your bags and cozy up around the fireplace at your new mountain home on Wintergreen Mountain! Wilderness meets luxury in this 5 bedroom 3 bath home, making it the perfect weekend escape. Sold fully furnished with a warm inviting mountain decor, this chalet is located .08 of a mile from the Pool and Spa and less than 2 miles from the ski center. Decks at the front and rear of house are partially covered and make grilling easy. Features to note: Granite kitchen countertops, stainless steal appliances, hickory wood cabinets, tankless hot water heater & conditioned crawl space. Plenty of parking on this nearly level lot. MLS# 583429

$359,000

ANGELA FINK

434-806-8694 Email: amfink04@gmail.com angelafink.kw.com

3510 Remson Ct #301, Charlottesville, VA, 22901

Smith Mountain Lake Vacation Cabins and Homes

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13 APRIL 3 - APRIL 9, 2019 ISSUE 2814

Waterfront vacationers can choose between large communities like Lake Anna to the east and Smith Mountain Lake to the west, or smaller ones such as Lake Monticello, Lake Louisa and Shenandoah Crossing in Fluvanna and Louisa Counties.

At one time, vacation home buyers were people who wanted to get away from it all choosing something small and just adequate to enjoy on weekends, Miller says. Today it’s largely people who can afford a second house that they purchase with the intention of having a nice place for retirement, she continues.

They also have an eye on the market, she says, and want to feel comfortable about the prospect of selling at a profit in a few years if they change their minds about staying. Most come from areas like Northern Virginia that are a comfortable driving distance away.

Some even come from Charlottesville wanting a lake experience that is a close drive from town.

Home buyers appreciate Lake Monticello’s size and easy access to the interstate, Miller adds. However, Shenandoah Crossing with its 60-acre lake (compared to Lake Monticello’s 352 acres) is another nearby option. Its equine center and stables makes it pop-

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

Waterfront Buyers

FEATURE

lies with kids. While they may intend to remain occasional visitors, often they fall in love with the vacation lifestyle, move there permanently and enjoy the views while they work from home.

As in other vacation spots, home owners take advantage of the cash flow that comes from renting their property when they are away. While winter sports are a big draw, rentals are also in demand in the summertime when temperatures—much cooler than in the valley—make it a popular place to hike and golf.

While some homeowners manage the rentals themselves others use companies such as Airbnb or Evolve Vacation Rentals, Cureton says.

Since they are not onsite, these owners may also hire a housekeeper to check in and make sure the property looks its best for each new customer, San Giorgio notes. She adds this service is becoming a profitable opportunity for individuals who want to cash in on the growing interest in short term rentals.

Those who want a more traditional management arrangement can protect their home by hiring a local property manager to handle the paperwork, cleaning, and complications such as setting the right price and finding qualified renters.

14 APRIL 3 - APRIL 9, 2019 ISSUE 2814

PRESENTS

LIVE, SWIM, FISH OR BOAT 32ND SEASON

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after 2019

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ular with horse enthusiasts who also like to play golf, or enjoy the swimming pools, water park and hiking.

Lake Anna is another good choice for people who want to live on the water. Business is good there, Sandridge says stating that the number of home sales (including 26 currently pending) is double that of last year at this time.

Not all of them are vacation sales, but many of them are given the popularity of second homes in these communities.

“The rental market is very stable at Lake Anna,” Sandridge observes, urging home buyers to take advantage of the appreciation potential and tax advantages of second home ownership in a situation that is also ideal for retirement.

For some buyers, an apartment or condo in town becomes their second home. Dickerson has a client who works in DC where he lives in an apartment three days a week. Thursday through Tuesday, though, he joins his family at nearby Lake Anna and enjoys a recreational lifestyle.

Privacy for Sale For many second home buyers, the privacy of two or more acres is critical, which means looking outside most subdivisions.

Murdoch Matheson, with Frank Hardy Sotheby’s International Realty,

1770 Timberwood Blvd.

Suite 101 Charlottesville, VA 22911

has high-end farm and estate clients who are still working and who travel often. These folks seek out rural havens with acreage because they want a place to relax in a beautiful and very private setting when their schedules permit.

Some of Dickerson’s clients recently did just that when they purchased a multi-acre property with an old house they plan to renovate and then rent for the time being until they retire.

“Land in Nelson County is popular,” San Giorgio agrees, although it stays longer on the market than a house.

Many people have dreams of being a “weekend farmer,” she adds and hold out for property that has sections of pasture land as well as woods.

If you would love to own a weekend getaway, now is a great time to buy.

Call one of our local agents today to help you sort through the options and find the one that is best for you.

Celeste Smucker is a writer and blogger who lives near Charlottesville.

APRIL 3 - APRIL 9, 2019 ISSUE 2814

15

6 BAREFOOT Road

3044 CAMPBELL Road

21 OLD HOMESTEAD CIR

15 CONDOR Road

366 MANOR BLVD

Vaulted Split-BR Rancher built

by Award-Winning Taylor-Lynn Homes. 4 BR, 3 BA, 2204 Fin. Sq. Ft

Estate Home w/Natural Privacy, Hardi-Plank Exterior w/Terraced Gardens & Courtyard Entrance, Unique Octagonal Entrance Foyer, 3.5 Garage w/Studio Apt., 3268 sf - 5 BR 3 BA - On 2.46 Ac.

Waterfront with 97-ft of main lake waterfrontage & gorgeous views. 4 BR, 2.5 BA, 2711 Fin. Sq. Ft

138-ft of Waterfrontage & Dock.

Vaulted Rancher w/Fin. Basement, Greatroom w/Brick Gas Log FP, 4 BR, 3.5 BA

Gorgeous Estate home 4561 SF - 4 BR - 3.5 BA, Gourmet Kitchen w/Granite, Fin Basement, Huge Deck w/Privacy

$298,500

$385,000

$448,500

$450,000

$475,000

Waterfront with 288-ft of Main Lake Waterfrontage Breathtaking Views of Sunrises & Sunsets - $695,000

48 EDGEWATER Dr.

50 SMOKEWOOD DR.

21 ASHLAWN BLVD

17 PIEDMONT LANE $798,000

Split-BR Vaulted Rancher w/ Fin. Basement & Garage $189,500

150-Ft prime waterfrontage dock - gorgeous views - just 1-block from main beach & clubhouse, 3 BR, 3 BA

73-ft of Waterfrontage, Dock & Views of Beach #5. Gorgeous Greatroom w/Custom Built-ins & Stone W/B FP, 4 BR, 3 BA

83-ft of Beautiful WaterfrontageDock-Boat Lift. Vaulted Greatrm w/ Stone FP. Gorgeous Gourmet Kitchen w/Granite, Hickory Flooring, 2641 sf

125-ft of BEAUTIFUL WATERFRONTAGE - Custom-Built Brick Rancher with 2 Family Rooms and 2 Kitchens. 7 BR, 5.5 BA

Split-BR Vaulted Rancher w/ Screened Porch and Garage - $179,500

$598,500

$598,500

$610,000

PATSY STRONG, Broker ABR, SRES, SRS, CLHMS

Certified Luxury Home Marketing Specialist Top-Producing Listing Specialist Since 2002 #1 In Waterfront Sales Since 2002

Patsy@StrongTeamRealtors.com

(434) 996-4606

STILL GOING STRONG

StrongTeamRealtors.com • LakeMonticelloProperties.com

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

COMING SOON

APRIL 3 - APRIL 9, 2019 ISSUE 2814

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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 OLD MILL ROAD

HESSIAN ROAD

Built by renowned architect Milton Grigg as his personal residence, owner has recently completed a stunning state of the art restoration and enlargement, in a coveted City neighborhood. MLS#577617 $2,399,000 Charlotte Dammann, 434.981.1250

EDNAM FOREST

OAKLAND FARM

Immaculate, totally renovated home on one of the largest lots in Ednam. Designed by Peter Sheeran, this home sits on 3.7 private acres. 1st floor master suite and beautiful stone fireplace in great room. MLS#586335 $1,285,000 Steve McLean, 434.981.1863

PLEASANT HILL

Historic, circa 1767 property on 663± acres in Deep Run Hunt Country fronts the Willis River. Brick manor house with 5 bedrooms, circa 1740 guest cottage, 4 barns, and more. MLS#549952 $2,595,000 Steve McLean, 434.981.1863

Charming, circa 1850 beautifully restored, 3 bedrooms and 2 bath farm house on 77 acres surrounded by pasture and forest providing a private setting on a lovely knoll close to the James River. MLS#585271 $585,000 Steve McLean, 434. 981.1863 CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

A spacious, impeccably maintained, and light filled brick home! Three bedrooms, three bathrooms, a living room with a gas fireplace, and a kitchen with several stainless-steel appliances. Located in a tranquil, private setting, yet convenient to the Greene Hills Golf and Swim Club, multiple wineries, and Shenandoah National Park. A fast and easy drive to the University of Virginia.

MLS#577617 $299,900 Charlotte Dammann, 434.981.1250

WILLIAM COX HOUSE

HISTORIC, circa 1770, on 28 beautiful, mostly open acres, with great Blue Ridge Mountain views, and river frontage. Residence enlarged and completely remodeled in the past ten years. MLS#581306 $1,200,000 Jim Faulconer, 434.981.0076

LOWFIELDS

251-acre farm overlooking the James River with Blue Ridge Mtn. views. 3,600+ square foot main house with pool, charming guest cottage, barns and outbuildings. Under conservation easement. MLS#586582 $1,950,000 Steve McLean, 434.981.1863

MILL RIDGE

Completely updated, 5-6 BR 5 BA, 2-story home in perfect condition! 1st floor master suite, oversized 2-car garage, potential for office or efficiency apartment above.

Meriwether Lewis School District. MLS#585447 $1,100,000 Steve McLean, 434.981.1863

GLENTIVAR

An impeccably renovated farmhouse nestled on 15 gently rolling acres in the foothills of the Blue Ridge Mountains. Its many stunning architectural details include an entrance hall with high beamed ceilings, heart pine flooring, and 12 fireplaces. The magnificent property includes a pool, patios/terraces, and barns. Western school district!

Easy access to I-64 and Rt. 250.

MLS#587784 $1,285,000 Steve McLean, 434.981.1863

WALNUT HILLS

HISTORICAL, Georgian Revival mansion, built c.1878 by Gov. James Kemper on 373 splendid acres offering guest cottage and a complement of farm buildings. Long frontage on Rapidan River. $3,900,000 MLS#574009 Will Faulconer, 434.987.9455

WWW.MCLEANFAULCONER.COM

MCL EAN FAULCONER INC. Farm, Estate and Residential Brokers

CARAPAN

2.5 private acres in Keswick Estates. Private with lovely views of the golf course and distant mountains. Architecturally designed, 7,000+ square foot residence with 5 bedrooms. MLS#451592 $1,650,000 Charlotte Dammann, 434.981.1250

EDNAM

PRICED 40K BELOW TAX ASSESSMENT! 3 bedroom, 2.5 bath, Cape. Well maintained, hardwood floors throughout first level, main level master, walk to Boar’s Head. MLS#583351 $614,000 Jim Faulconer, 434.981.0076

DAVIS SHOP ROAD

This great home on 5.5 acres is the perfect country property, privately situated near Free Union in the Western Albemarle school districts. Beautiful setting with winter Blue Ridge Mountain views.

MLS#586050 $449,000 Jim Faulconer, 434.981.0076

GARTH RUN ROAD

20± acre country property with stream running through the land. Tucked in the mountains with stone ruins of a mountain cabin evident on the property. Private & remote yet only 10 minutes to numerous conveniences.

MLS#585226 $110,000 Steve McLean, 434.981.1863

OLD MANSE

1868 farm house on the National Register of Historic Places. Greek Revival home surrounded by ancient boxwoods, mature trees and gardens. 46 acres in the city of Orange, with easement possibilities. MLS#585098 $595,000 Steve McLean, 434.981.1863

HANDLEY FARM ESTATES

Impeccable, one-level 4 bedroom home, gorgeous mountain views perched on 5± private acres in Western Albemarle. Just 10-15 minutes from Waynesboro or Charlottesville. MLS#585923 $1,295,000 Steve McLean, 434.981.1863

SEMINOLE TRAIL

Classic brick Colonial on 5 acres in Madison County.

Its many great features include a spacious family room, kitchen with cherry cabinetry, and hardwood flooring.

An easy drive to Charlottesville, Culpeper, and D.C. MLS#587811 $615,000 Steve McLean, 434.981.1863

SUNNYSIDE

Large parcel convenient to Charlottesville and UVA. Exceptional Blue Ridge views, farm house (in need of restoration). Under VOF easement, but with divisions into already predetermined parcels. MLS#585228 $4,400,000 Steve McLean, 434.981.1863

MOSBY MOUNTAIN

Set on a quiet street this home offers 5 bedrooms, 4.5 baths, 2-car garage. Open kitchen design, large bay window in dining room, masters on first and second floor. Lovely sun room. Full basement partially finished.

MLS#586144 $549,000 Jim Faulconer,434.981.0076

NARAMATA

Splendid private sanctuary in Madison County on 35± acres, magnificent landscaped grounds, private rural setting. Residence has large, comfortable rooms, floor to ceiling French doors, three covered porches.

MLS#581174 $699,000 Jim Faulconer, 434.981.0076

OXFORD ROAD

Rugby Hills neighborhood. Beautifully remodeled, 4 bedroom, 4 bath home in excellent condition almost as if new! Great schools, screened porch, large lot and new landscaping. MLS#586422 $845,000 Steve McLean, 434.981.1863 (Owner/Agent)

TAYLOR MOUNTAIN FARM

Private, lovely views and convenient building site in the desirable Western School District, 15 minutes to town. Potential for division with 3 development rights and adjoining hundreds of conserved acres MLS#585227 $350,000 Steve McLean, 434.981.1863

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

APRIL 3 - APRIL 9, 2019 ISSUE 2814

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APRIL 3 - APRIL 9, 2019 ISSUE 2814

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When it comes to housing, little things shouldn’t make a difference.

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

If you have children or are pregnant and a landlord refuses to rent to you, requires a higher security deposit, limits the use of facilities, or says you can only live in certain areas of a housing complex ... that could be discrimination. And housing discrimination because of familial status is against the law.

If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

Your Choice. Your Right. Your Home.

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

Real estate experience desirable but not required.

If you are familiar with the Charlottesville area, and want to work in a fun, fast-paced environment, send us some of your writing samples!

Real Estate Weekly

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Submit to writer@caarrew.com

19 APRIL 3 - APRIL 9, 2019 ISSUE 2814

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HOME FINANCE

APRIL 3 - APRIL 9, 2019 ISSUE 2814

20

I

f you are a homeowner, few numbers have as big an impact on your life as the interest rate on your mortgage.

When you set out to buy a home, this rate is a major determinant of how much money you can borrow as well as of the quality of house you can afford and the size of your monthly payment.

For example, if you lock in a four percent rate, your monthly principal and interest on a $250,000 mortgage comes to $1,194. If rates go to five percent (what many predict will be the case by the end of 2019) the payment rises to $1,342, adding an additional $1,776 per year to your budget.

If you plan to buy a home, but take your time deciding until the end of the year, a rate hike from four to five percent could force you to look for a cheaper house or keep you from being a homeowner at all.

Interest rates are the “key to [real estate] market performance,” says Bill May, Broker with ERA Bill May Realty Co. He anticipates an active spring market thanks to recent mortgage interest rate reductions.

What’s Happening with

Interest Rates?

BY CELESTE M. SMUCKER

Expert Advice

What 2019 Will Bring Six housing authorities (Fannie Mae, Freddie Mac, Mortgage Bankers Association, National Association of REALTORS®, Realtor.com and the National Association of Home Builders) agree that mortgage interest rates will rise this year, and also that the increase will be moderate.

Year-end projections for 2019 range from a low of 4.8 percent to a high of 5.5 percent, or an average of 5.17 percent over all six authorities.

Of course no one has a crystal ball, and there are always surprises. Considering the complexity of the economy it is no wonder the experts have not always been correct in the past. However, early predictions of 2018’s year-end rates, were very close to what we actually experienced.

A big player in the mortgage rate drama is the Federal Reserve. As of this

Of course, fewer buyers means a lower demand for mortgage funding, which can push interest rates down. A recent 30 percent year-over-year reduction in applications from homeowners wanting to refinance their mortgage loans may be contributing to the current decline in interest rates.

Tim Lucas, Editor at The Mortgage Reports adds that, thanks to reduced demand for mortgage funds, some lenders are loosening their guidelines making it easier for borrowers to obtain financing. He urges homebuyers to try again if they were turned down in the past.

month it announced new interest rate increases were unlikely this year, a change from what they predicted the end of 2018. Does this mean mortgage interest rates will remain low? Not necessarily.

Jay Domenic, Branch Manager with Movement Mortgage explains that the Fed doesn’t control mortgage interest rates. What impacts the rate is how the market for mortgage backed securities responds to the Fed’s action. The market reacted well to the Fed’s recent pronouncement, he says, as reflected in his company’s more borrower-friendly rate sheet.

The Fed is not alone. Other issues are at play making interest predictions challenging. A big one is how the economy reacts to concerns such as our nation’s trade policies, which have received a lot of attention lately. For example, no one knows for sure how negotiations with China will play out.

And when consumers are in a buying mode the market responds accordingly as well, since their purchasing patterns indicate confidence (or not) in the economy.

Business Insider described December 2018 retail sales as “underwhelming,” after the Census Bureau reported they fell 1.6 percent from November, 2018, the biggest decline since 2009. This report is no doubt part of why the Fed chose not to raise its rates this month.

While stock market activity doesn’t directly impact mortgage interest rates, it can influence buyers’ decisions about whether or not to purchase a home now or wait until later. For example, Michael Guthrie, Principal Broker and CEO at Roy Wheeler Realty Co. observes that “uncertainty with the stock market has caused a ‘wait and see’ attitude amongst many who are thinking of buying.”

Homebuyers applying for mortgage loans may be tempted to hold off on locking in their rates, hoping for further reductions.

Domenic advises his clients that not only are rates unexpectedly low right now, they are also historically favorable and he urges them “to take advantage” of this situation by not waiting too long to lock in.

He notes that “there is some volatility so rates could head upward at any time.”

If you anticipate closing on a house in the next 30 to 45 days you have the option of letting the rates float for a while, he notes. However, after a few days, most of his clients take his advice and lock them in.

If they don’t, they could be in for a disappointment. Rates that float down slowly typically rise a whole lot faster, he says, and if that happens you will be paying the price for a good many years.

REALTOR® Karen Kehoe with RE/ MAX Regency has similar advice cautioning that a combination of potentially higher interest rates along with higher home prices can affect any budget. She urges her buyers to look at the “not perfect home” rather than waiting to see what else might come up, adding that if interest rates go higher they may find they are locked out of the market.

Call your lender today for the most current advice on a loan program and interest rate that will work best for you.

Celeste Smucker is a writer and blogger who lives near Charlottesville.

Fewer buyers means a lower demand for mortgage funding, which can push interest rates down.

STUARTS DRAFT, VIRGINIA

1769 Hill Hollow Road Between the creeks. Well built and

maintained home nestled in a cove in beautiful Nelson County. This home offers a vaulted ceiling and hardwood in the great room, a nicely designed kitchen, 2 carpeted BR, and a full BA. Living space is extended by a 12x14 covered rear porch. The yard is nearly level with garden space. There’s a perfect location for a campfire at the junction of the creeks. The drainfield was sized for 3 bedrooms in case you add on. Heat pump new in 2018. Refrigerator new in 2017. $225,000

118 GLOUCESTER ROAD

423 Foothills Drive Well-maintained home on nearly 4 acres

located in the foothills of Stoney Creek. Open floor plan offers a great room with stone fireplace, spacious kitchen, breakfast nook, master suite with deck access, and a study/library.

Terrace level boasts a family/game room, two additional bedrooms/baths, and large bonus room. Attached 2-car garage and an oversized laundry. Multi-level deck. A stream meanders through the property. The planted gardens glow when in bloom. A gardener's paradise. $549,000

21 APRIL 3 - APRIL 9, 2019 ISSUE 2814

Nelson County

1778 Fork Mountain Lane At nearly 3,000 feet in elevation, this two-dwelling compound is sited on 128+ acres. The main house has 3 BR and 2 BA. The great room has a soaring ceiling and a wall of windows. The guest house has 2 BR and a full BA. Both convey furnished! The property has three open fields that total approximately 11 acres. Montebello has a wealth of outdoor recreational opportunities including trails and the Blue Ridge Parkway. Nelson County has a burgeoning agri-tourism industry centered on wineries, breweries, cideries and distilleries. Wintergreen Resort offers skiing and golf. $689,500

$332,500 3 BR . 2 Full plus 2 Half Baths . Brick Exterior Room for Expansion in Walkout Lower Level Cherry Hardwood Flooring in Living Room 20-30 Minute Commute to the Charlottesville Area

www.MountainAreaRealty.com 2788 Rockfish Valley Highway • Nellysford, VA 22958

Cheryl Garrett, REALTOR®

540.470.7400 | cgarretthomes@gmail.com 127 South Wayne Ave | Waynesboro VA 22980 | 540.941.8700

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CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

(800) 361-5155 • (434) 361-2440

APRIL 3 - APRIL 9, 2019 ISSUE 2814

22

HOME SALES STATS

ENDING THE WEEK OF MARCH 24, 2019

There were 75 sales in the 11 county and city areas n 20 were in Albemarle with an average price of $424,643 n 7 were in Charlottesville with an average price of $443,786 n 15 were in Fluvanna with an average price of $228,025 n 10 were in Greene with an average price of $274,006 n 7 were in Louisa with an average price of $193,129 n 5 were in Nelson with an average price of $355,700

Staff:

PUBLISHER

Aimee Atteberry aimee@c-ville.com

MARKETING SERVICES Beth Wood beth@caarrew.com 434.817.9330

EDITORIAL COORDINATOR

n 6 were in Staunton with an average price of $207,473

Celeste Smucker editor@caarrew.com

n 2 were in Waynesboro with an average price of $218,650

DESIGN

n 3 were in Orange with an average price of $250,000

Tracy Federico designer@c-ville.com Lorena Perez designer2@c-ville.com

HOMES SOLD

1974 DELILA DRIVE WICKHAM POND

8616 DYKE ROAD DYKE

805 WARD AVENUE MARTHA JEFFERSON

83 TULIP DRIVE VILLAGES AT NAHOR

816 ENNIS MOUNTAIN RD 228 E FREDERICK STREET AFTON STAUNTON

LOCAL GOVERNMENT CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

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

GREENE COUNTY

CITY OF STAUNTON

LOUISA COUNTY

CITY OF WAYNESBORO

MADISON COUNTY

ALBEMARLE COUNTY

NELSON COUNTY

www.charlottesville.org Real estate tax rate: $.95 per $100 www.staunton.va.us Real estate tax rate: $.97 per $100 www.waynesboro.va.us Real estate tax rate: $.87 per $100 www.albemarle.org Real estate tax rate: $.839 per $100

FLUVANNA COUNTY

www.co.fluvanna.va.us Real estate tax rate: $.939 per $100

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

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. 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

APRIL 3 - APRIL 9, 2019 ISSUE 2814

23

A Virginia Tradition Since 1927 Charlottesville: 434-951-5155

Greene: 434-985-2348

Zion Crossroads: 434-589-2611

Downtown: 434-296-7171

Wintergreen: 434-325-8018

Western Albemarle: 434-205-4355

Ednam Hall • Dryden Lane • Charlottesville, VA 22903

®

Homes@RoyWheeler.com • www.RoyWheeler.com

RE D

U

CE

D

®

WELCOME HOME to Franklin Street! Unique and modern city living. Customize your interior features. Enjoy an open floor plan on the main level, 3BR upstairs including master bedroom with private balcony. Prime Charlottesville location on a level lot. Minutes from Downtown and only 0.5 miles from the NEW Woolen Mills Willow Tree Campus. $549,900. The “YES” Team, Yonna & Keith Smith.

434-531-0817/434-531-0795. (587354)

BEAUTIFUL SEMI-ATTACHED HOME within walking distance to trails and club amenities. 1 level living with bonus room and full bedroom & bath in the basement. Level rear yard and deck off the great room. Full finished terrace level basement with built in bar, billiard room and large game room. Master bedroom on the main level, plus additional bedroom with full bath. Irrigation system. $336,000. Anne Oliver, 434-825-8174. (587348)

NORTH DOWNTOWN historic circa 1894 gem! Current owners have meticulously renovated this Queen Anne home bringing it into the 21st century! This two-family house includes an upper level with 3BR/3.5BA and a 2BR/2BA terrace level apartment. Owners have retained this home’s many original architectural details while providing all the comforts of modern living. $1,850,000. Alex Ix, 434-962-0509. (585037)

QUALITY BUILT HOME on 5.82 acres. Dream away on the 2-level covered front porches or on the covered rear porch. Upgrades include hardwood floors on the 1st and 2nd levels, granite counters, built-ins, large master bed/bath, 2 more bedrooms, basement finished with rec room, wet bar, full bath and workout room. $459,900. MatthewWoodsonProperties.com 434-960-5187.

(584640)

AWESOME VIEW from this 2BR/2BA condo with updated kitchen and tasteful furnishings.

Open floor plan with lots of light. Wood-burning FP. Walk across the street to golf and tennis. Short walk to skiing, the aquatics center, fitness center and Trillium Foundation. Ready to move in and enjoy spectacular sunrises and star gaze from your deck at night. $225,000. Lauri Powell, The Chase Team, 540-718-1470. (580757)

SIGNATURE LOT at Shamokin #1 tee box.

Nearly level larger will have a mountain view when cleared. Located on a court right before the Blue Chickory Lane cul de sac for privacy.

Walk to clubhouse, pro shop, Grille, fitness room, tennis courts, swimming pool and driving range! $75,000. Lauri Powell, The Chase Team, 540-718-1470. (576700)

NOW PRICED BELOW ASSESSMENT! Pick one of 3 half acre lots on Meadow Brook Lane and build your dream home just FIVE minutes to Zion Crossroads. Peaceful neighborhood with pavilion for gatherings and low HOA fees. Purchase all three lots and receive a discount! $52,500. susanstewart76@gmail. com Susan Stewart 434-242-3550. (576903, 04, 05)

LOCATED 3 MILES from the quaint town of Batesville, this privately situated building lot offers 15.38 acres. Parcel has spectacular panoramic Blue Ridge Mountain views and is located within the Western Albemarle School District. $149,500. info@stevewhiterealtor.com Steve White, 434-2428355. (585085)

SOUTHWIND ESTATES. Barboursville. Heavenly plateau of three lots ready to build in Albemarle County. Well drilled, perked, good soil and paved access. Stream could make a perfect pond site. Picturesque Vineyard and Blue Ridge views in your own neighborhood! 7.79 acres $349,500 (564444). 2.36 acres $249,500 (564442). 2.00 acres $195,500 (564443). JimBonner.com 434951-5102.

THIS 5 ACRE LOT offers everything you want. A Creek divides the 3 wooded acres in the back from the 2 open pastureland in the front. Picture your new home on several wonderful building sites. Property lends itself to a nice pond site. $75,002. MatthewWoodsonProperties.com 434-960-5187.

(582012)

CONVENIENTLY LOCATED in Albemarle County you will find this recently timbered land waiting for you to build your new home. 36.3+/- acres with 5 division rights and some mountain views. This is an amazing opportunity. $160,000. Betsy M. Watson, 434-249-5995 and Susan Stewart, 434-242-3550. (551634)

Celebrating Over Ninety Years Trust, Tradition & Market Leadership

CAAR REAL ESTATE WEEKLY WWW.CAAR.COM

E D IC CE PRDU RE

5 D RI IV G IS H IO TS N

YO P U IC R K LO T

WATER FRONT COTTAGE in Northern Albemarle offers endless opportunities! Take advantage of the 12 acre pond, cozy 2 bedroom cottage and 3 bay detached garage on 4+ acres. Great opportunity to build your dream home; foundation is in place - ready for your dream home. Beautiful setting. Located just 1 mile from Rt 29. Your oasis awaits! $299,000. Yonna Smith, 434-531-0817 and Megan Perry, 434-806-5245. (585477)

401 Park Street Charlottesville, VA 22902

COVETED IVY ADDRESS & SENSATIONAL VIEWS

434.977.4005 lwoodriff@loringwoodriff.com

121 BLOOMFIELD ROAD $2,595,000 Sited on 21 acres to enjoy stunning mountain views, this distinguished yet welcoming brick home is located in the Western school district w/ fast access to Charlottesville. 11 ft ceilings & natural light from French doors & floor-to-ceiling windows enhance 1st floor living & entertaining spaces. Adj. acreage & views permanently protected by conservation easements. Add’l attributes incl’ 3-car garage, herringbone brick porches & walkways, rear terrace & screened porch, 3 fireplaces. MLS# 587603

DESIRABLE SCOTTISH HOME IN GLENMORE

3345 DARBY ROAD • $679,500 Gracious home allows for 1 floor living w/ 1st fl generous sized master bedrm & sitting room. Inviting family room w/ stone fireplace opens into the eat-in kitchen w/ cherry cabinets, SS appliances & pantry.

Hardwood floors, high ceilings & extensive moldings complement the home. Billie Magerfield (434) 962-8865. MLS# 587641

TIMELESS IN TRANQUIL IVY FARMS - REDUCED

STUNNING FR EE UNION ESTATE PARCEL

PRIME BUILDING PARCEL IN IV Y - REDUCED

2210 CAMARGO DRIVE • $1,250,000 On a dead quiet, family friendly street in the Meriwether Lewis district, this 5 bedroom, 4.5 bathroom stone & hardiplank residence built in 2007 offers 1st floor master, open casual living spaces, covered porch, screening & wine tasting rooms on the lower level, 2 fireplaces, 3-car garage & 2 bluestone rear patios. MLS# 580821

1 NW WESLEY CHAPEL ROAD • $1,645,000 47 acres of open, gently rolling fields are embraced by staggering Blue Ridge views, bordered by privacy-enhancing woodlands, and traversed by a year-round stream. Under conservation easement with no further divisions. An opportunity to create a jaw dropping country estate 15 minutes to town via paved roads. MLS# 582710

LOT 3 REIVERS RUN • $269,000 Just moments from Meriwether Lewis, this elevated, open and gently rolling building lot offers Blue Ridge views and potential for a level rear lawn. Under 10 minutes to town, in a highly desirable area where property values range from $700,000 in to the millions. Bring your own builder! MLS# 574010

MOUNTAIN VIEWS - OLD TR AIL END UNIT

SPACIOUS COLONIA L IN OAK HILL

65 ACRES IN MERIWETHER LEWIS DISTRICT

393 CLAREMONT LANE • $399,000 Originally Craig Builders model home directly across from community pool & park w/ completely unobstructed view. 3-story brick home offers open living room w/ black hearth fireplace, builtins, spacious dining room, & fantastic kitchen w/ coffered ceiling & custom wet bar. Erin Garcia (434) 981-7245. MLS# 587657

1432 MAYMONT COURT • $439,900 This 2,900+ sq ft open concept home is moments to I-64, 5th St Station & Wegmans. Vaulted entry foyer, large dining, living, family rms, spacious kitchen & breakfast nook w/ new hardwood flrs throughout main level. Bonus rm above 2-car garage & finished walk-out terrace level. Kristin Streed (434) 409-5619. MLS# 586162

5289 FREE UNION ROAD • $1,100,000 Elim Farm is 65 acres nestled on a knoll overlooking expansive Blue Ridge Mountain vistas. Wrap-around front porch of this Cape Cod flaunts 360 views. 2 small ponds.

Built in 2006 with materials from the area, including local pine floors. Erin Garcia (434) 981-7245. MLS# 586871

COV ETED UNIV ERSIT Y LOCATION

1888 WESTVIEW ROAD • $1,565,000 Character-rich, light-drenched home at the end of a quiet, deadend street in the Venable school district. Screened porch, covered front porch and private, rear bluestone patio provide abundant outdoor living space. Gourmet chef ’s kitchen with commercial 6-burner range. Reidar Stiernstrand (434) 284-3005. MLS# 587531

41 CANTERBURY ROAD $1,250,000 Magical setting on 1.7 private acres. French Country Style Home bursting with character & original details! Large entry hall & entertainment size great room w/ walls of windows. 1st floor master w/ dressing room & 2 full baths. Eat-in kitchen, dining room & den. Fabulous gunite pool and patios over looking perennial gardens, specimen & native plants, sunny lawn. Oversize detached 2-car garage. Punkie Feil (434) 962-5222 or Elizabeth Feil Matthews (434) 284-2105. MLS# 587699

WWW.LORINGWOODRIFF.COM

CHARMING BELLAIR MID-CENTURY CLASSIC