The Real Estate Weekly | 2.23.2022

WWW.C-VILLE.COM

VOL. 31 NO. 8 n FEBRUARY 23 - MARCH 1, 2022

30

YEARS OF REAL ESTATE

CHARLOTTESVILLE ALBEMARLE, FLUVANNA, GREENE, LOUISA, MADISON, NELSON, ORANGE, AUGUSTA

2022 Spring Housing Market

Headed Up Up UP!

BY CARLA HUCKABEE

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

2

A DREAM HOME IS GREAT, BUT THE RIGHT ONE IS BETTER. Let an agent who knows guide you.

LOUISA COUNTY

$349,900

$790,000

1706 YORKTOWN DRIVE

SHADWELL ESTATES

$49,900

OPEN SUNDAY 1:00-3:00 PM

Bev Nash 434-981-5560 • Starting when the weather improves!

• 1,512 sf, 3 bedroom, 2.5 bath home on 5 acres • Similar to photo, covered porch, rear deck • Walk out, roughed in, basement • Granite countertops, stainless steel appliances • Real fireplace in the family room 14 Tallwood Trl

$364,000

Ruth Guss

434-960-0414

• 4 bedroom, 3 full bath, 3,416 Fin. Sq. Ft. • Nearly Level, Park-Like .842 Acre City Lot • Beautifully Maintained and Renovated • Custom Cabinets, Granite & Quartz Countertops • Walk-Out Terrace Level and Screened Side Porch

CHARLOTTESVILLE

$765,000

Bev Nash

434-981-5560

• The last vacant lot available • Located just East of Shadwell.

• Beautiful mature timber on 1.5 acres • Paved private road • Just 10 minutes to Pantops shops 5 minutes to Keswick Golf Club and Glenmore

$69,900

UNDER CONTRACT

Dan Corbin

434-531-6155

• Exciting Listing at Lake Monticello • 2688 sq ft, 4 bd, 3 ba, Cedar Cape • Floor to Ceiling Stone Fireplace, Open Loft • Updates include Hardwoods, Appliances and Paint • 1st & 2nd Level BRs, Ample Closets, Huge Master Suite • Wonderful Home for Family and Entertaining • MLS 623551

Piney Mountain Subdivision, Palmyra

10+ acre Lots

Candice van der Linde 434-981-8730 • Very private Marshall Manor subd • Minutes to UVA & Downtown Cville • 5 BR, 3 Full updated BA, 5,418 sq.ft.

• Elevated on almost 5 Acres • Detached Cottage - 1.5 Ba, Large BR • In-Ground pool, updated Kitchen • Paved drive

$340,030

14 ELM CT/TROY

Pat Burns

434-465-4444

• Sitting amidst estates and horse properties this beautiful 5 acre lot in Keswick area for sale to build your dream home. Convenient to Charlottesville, Gordonsville. $69,900.

FLATTOP MTN RD

$700,000

THE REAL ESTATE WEEKLY WWW.C-VILLE.COM

4 LOTS REMAIN

Dan Corbin 434-531-6155 • Gorgeous NEW 10+ Acre Homesites • No HOA, Common Sense C&Rs, Firefly • Close to the Lake, Dining, Shopping, Schools • Ready to Build? Be In Your New Home Summer 2022 • Your Choice of Remaining 4 Lots - $109,000 • Call for A Personal Tour - MLS 602021

434.985.0021 410 West Main Street Charlottesville, VA 22902 Downtown

Lori Click

434-326-7593

• To Be Built! The Brookwood, Similar to Photo!

• 4 Bedrooms, 2.5 Baths, Attached Garage, 1.66 Acres • Upgraded Siding Accent, Wide Window Trim, 10’x16’ Rear Deck • Master Suite with Garden Tub, Double Bowl Vanity • Kitchen with Granite Countertops, Stainless Appliances • Luxury Vinyl Plank Floors, Forest View s/d offer DSL, Fiber Optic

Candice van der Linde 434-981-8730 • Live year round comfortably • Retreat style custom home • Hi speed century link internet • Double lot & never ending spring • 3 bedrooms 2.5 baths • Wrap around deck

434.974.1500 943 Glenwood Station Ln Suite 203 Charlottesville VA 22901

3

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

WAVERLY DRIVE

COMING SOON

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ROCK QUARRY ROAD

2 story brick home with a wonderful floor plan, built

by Randy Rinehart. Set on2.8 acres at the end of a quiet cul-de-sac. This light filled home features large windows with plantation shutters, 2 masonry fireplaces and a bright kitchen that opens to a sunroom. First floor study with a private deck. Five large rooms on the second floor with 3 full baths and a finished storage/exercise room/sewing room. The master suite is particularly special with beautiful window arrangement, large walk-in closet and bright bathroom.

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

Annie Gould Gallery

5 acres building site overlooking a pond.

Ownership includes common land with a beach and picnic area (shared between 3 properties)

A unique art gallery located in the heart of historic Gordonsville.

109 S. Main Street, Gordonsville, VA • (540) 832-6352 anniegouldgallery

CALL SHARON

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

Semi-Custom Detached Villa Homes Surrounding ainBelvedere Pocket Park!

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Currituck Model in Belvedere | 905 Belvedere Blvd, Charlottesville, 22901 Currituck Currituck Model Model in Belvedere in Belvedere | 905 |Belvedere 905 Belvedere Blvd, Blvd, Charlottesville, Charlottesville, VAVA 22901 VA 22901 OPEN DAILY 12-5 | 434-987-6522 Villa Model in Old Trail Village | 406 Astel St, Crozet, VA 22932 Villa Model Villa Model in OldinTrail Old Village Trail Village | 406 |Astel 406 Astel St, Crozet, St, Crozet, VA 22932 VA 22932 NorthPointe@craigbuilders.com | craigbuilders.com/northpointe MODEL HOMES OPEN DAILY | 434-973-3362 | craigbuilders.com MODEL MODEL HOMES HOMES OPEN OPEN DAILY DAILY 12-512-5 | 12-5 434-973-3362 | 434-973-3362 | craigbuilders.com | craigbuilders.com

Conceptual images shown. Pricing and design subject to change

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Oc t $6 202 24 2 M ,9 ove 00 -In !

Future Community Clubhouse/Pool

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

4

2022 Spring Housing Market

Headed Up Up UP!

BY CARLA HUCKABEE

THE REAL ESTATE WEEKLY WWW.C-VILLE.COM

W

e look forward to daffodils popping up and temperatures rising every spring.

Unfortunately, this year a trio of less welcome economic indicators joins them: Inflation at its highest in 13 years, interest rates headed north, and housing prices following suit.

It seems the only real estate market stats heading downward are number of homes for sale and days on market.

These decreases pile on to make our area’s spring market challenging for buyers and a not to be missed opportunity for sellers.

Prices and Rates Up “Housing prices have risen 10 percent per year for the past couple of years,” says Denise Ramey, with Long & Foster and President of Virginia REALTORS®.

“The rate of price increase is expected to

slow down but prices are still going up.”

A casual look at the MLS or a conversation with any REALTOR® confirms this.

Greg Slater, with Nest Realty, says, “I just listed a home in Old Trail (Crozet) for $1.27 million. Three years ago, maybe once every 18 months you’d get a home that would break the $1 million threshold. Now there are six to eight per year, and I expect that number to keep rising.”

And upward trending mortgage rates are not helpful. The Federal Reserve is expected to announce the first of several rate hikes in the federal funds rate in mid-March.

Higher mortgage rates can lead to a drop in housing prices (theoretically).

Higher monthly payments, eliminate some buyers from the market and decreased demand promotes lower prices.

But inflation is a factor.

Principal Broker/Owner Cynthia Hash, of Find Homes Realty, explains,

“In early January, the 30-year fixed mortgage rate rose to 3.45 percent from 3.22 percent the previous week. The higher the inflation rate, the more interest rates are likely to rise. That introduces uncertainty about whether the market will continue to be a seller’s market come spring and summer of next year. Therefore, to get top dollar, homeowners that are thinking about selling might want to jump on the opportunity to sell sooner rather than later.”

There is still a lot of space between current mortgage rates and the dreaded four percent mark. “Rates have been below four percent for the past decade, and I expect that they will stay below four through the remainder of 2022,” says Slater. “That is still a really good mortgage interest rate for buyers.”

Price fluctuations vary across the region. CAAR’s Home Sales Report for the Fourth Quarter of 2021 shows Nelson

County’s median sales price increased by 26 percent, while Fluvanna and Greene Counties saw 15 and seven percent increases, respectively. Meanwhile, median sales prices in Louisa County dropped by two percent and Charlottesville saw a one percent decline.

Just over the Blue Ridge Waynesboro, Staunton, and Augusta County have generally lower sales prices, but these too are rising. REALTOR® Tony Girard, with Long & Foster knows the area well.

“Waynesboro and the surrounding areas are growing. There are multiple large developments underway and seem to be gaining steam.

“We are 26 miles to Harrisonburg, and 26 miles to Charlottesville, making it such a sweet spot. Prices are rising here, too. But in general, they are more affordable on this side of the mountain, making it very attractive for buyers to take a close look.”

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C U O N N D T E R R AC T

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

BROOK HOLLOW, KESWICK

U

N

D

E IN R C 5 D ON AY TR S AC

T

Comfortable and manageable Keswick estate of 38 acres. Three separate parcels, English cottage style main residence with 4 bedrooms, 3 1/2 baths, attached 2-car garage, home office, separate guest cottage, 6 stall shed row barn and separate storage building. Spectacular setting, well back from the road, opposite Castle Hill and adjoins Keswick Vineyards. Historic, spring and pond. Glorious westward mountain views and gated entry. MLS 614993 $1,475,000

3251 DARBY ROAD, KESWICK

Steve White (434) 242-8355 info@stevewhiterealtor.com

stevewhiterealtor.com 28 Years of Specializing in Buyer & Seller Representation for Residential, Farms & Estates

1100 Dryden Lane Charlottesville

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Overlooking the 14th hole in Glenmore Country Club, this home offers an open floor plan perfect for entertaining, first floor owners suite (with steam shower and radiant floors), beautiful hardwoods and an abundance of natural light. The gourmet kitchen features a Dacor commercial range, large island and a greenhouse window at kitchen sink. Enjoy the two-sided stone fireplace from both the great room and kitchen. Upstairs, find 3 large bedrooms plus 2 full baths. Finished terrace level with en-suite bedroom, theater room, sitting area with another two-sided fireplace plus tons of storage. The attached 2 car garage is just off the kitchen foyer which includes laundry room, half bath and staircases. Lovely golf course views from the back patio plus a level backyard. Glenmore amenities include golf, swimming, tennis, fitness center, social activities and dining. Glenmore is a private gated community just east of Charlottesville, and about 15 mins to UVA, and 30 mins to Charlottesville-Albemarle airport. $959,500

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

6

The second factor likely to keep prices moving up is the lack of inventory.

Hardly a House to be Found “Don’t expect prices to come down anytime soon,” advises Girard. “We have seen five to twenty offers on some properties. Until we have a significant influx of homes, prices will continue to rise with those kinds of offers.”

Inventory is at historic lows. Ramey reports, “We are at 0.9 months of inventory now. On a statewide level, that’s only one-half of a listing for each real estate agent. The shortage of homes to sell is staggering.”

At the end of the year, there were only 43 listings in Nelson County, down 46 percent from a year ago. Albemarle County inventory is down 50 percent from last year.

Slater confirms, “As of 12/31/21, there were just 158 homes for sale in Albemarle County. That’s crazy low. And that’s why we will continue to see prices go up. That $1.27 million dollar house in Crozet?

There were three buyers within 24 hours.

At the other end of the spectrum, a twobedroom home, listed for $300,000, had 16 offers. And this was January. We’re not even into the spring market.”

Even with the number of high-quality builders working in this region, their combined output isn’t likely to move the needle on the supply and demand imbalance.

That leaves sellers squarely in the driver’s seat.

Sellers: “Sell Now!” But sellers shouldn’t be lulled into thinking things will stay like this forever.

Ramey says, “I advise anyone considering selling in the next couple of years to sell now if they can. Don’t wait and think things will improve a year from now. We don’t have any idea what next year will bring. If you have a place to move, sell now while inventory is at an all-time low.”

Girard warns the buyer-seller imbalance doesn’t give sellers carte blanche to ask for an inflated price. “Sellers need to understand that even in this market, their house needs to be priced correctly.

If so, it will most likely be a quick sale

tion. Instead, work with a trusted agent to be prepared, know what you can afford, and what your non-negotiables are.

Girard makes sure his buyers are ready but not frenzied. “We have many conversations around being prepared to act. They need a crystal-clear picture of what is going on in today’s market and how many offers some homes have been getting.”

In addition to being ready to make an offer, they need to be prepared psychologically for the long haul.

“Getting buyers to understand the entire process in the beginning as well as the possibility of disappointment and frustration is key. When clients know what to expect, they have a higher trust and appreciation of the entire process and are more likely to be successful.”

When buyers panic, they make rash decisions, sometimes spending more than they can afford or buying something they don’t want.

buyers need to do,” says Ramey. Know what your non-negotiables are and what features are most important. That way you won’t be tempted to make an offer and get stuck with a house that doesn’t meet your needs.

“I showed a house in Hollymead that went on the market yesterday and already had three offers. But I would be surprised if this house met many of the buyers’ needs. Buyers should not rush to buy if it doesn’t meet at least a few critical factors: location, condition, and resale value. In the long term, it’s better to get this right and not end up with something you don’t like, and can’t sell. Don’t panic and feel like you need to buy just to get any house at any cost.”

But buyer fatigue is real. “Some buyers are throwing up their hands and renewing their leases because they can’t risk being shut out of the for-sale market and lose their rental unit too. It’s a tough place to be.”

“There’s no doubt that a rise in interest rates is going to cut some buyers out of this market,” says Wina Hubbard, REALTOR® with Montague Miller & Co. “We may see a slight decrease in competition, particularly at the lower price points but probably not enough to rebalance this seller’s market. The buyers at the margins will be the ones most likely hurt.”

But worse than not buying a house at all is buying something you can’t afford.

“It’s important for buyers to fully understand the costs of ownership and how mortgage rate increases impact monthly payments. Don’t make a purchase that will put you in a terrible position financially.

Expect increasing mortgage rates and stay within your comfort zone, so you can enjoy the house you do end up buying.”

The other panic decision is settling for something you don’t want. “This is some of the most important prep work

On the other hand, having lost out on a few bids makes for a better buyer.

“Buyers have to understand that 65-75 percent of sales in Albemarle and other counties are immediate sales,” says Slater.

“They have to be ready to go see it immediately and make an offer immediately.

That’s why knowing your price limits and your must-have features are so important.

A buyer who has missed out on three or four sales is usually better prepared than someone making their first offer. That seasoned buyer knows what it feels like to lose out on offers and knows what it takes to win.”

Hope springs eternal that low mortgage rates and slowing price hikes make this spring real estate market one where seasoned buyers and willing sellers can still win.

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FEATURE

Enough New Builds?

“Right now, new construction can’t make up the difference in the inventory shortage. There has been a tremendous slow down on lot creation. What used to take two or three weeks, now takes three or four months. You can sign a contract today and if the build is delayed by three or four months, then add another six to eight months to build, you’re already at a year,” Slater adds.

Ramey concurs. “Housing start projections are low. One of the biggest obstacles for builders is finding lots and getting developments approved.”

The delays in permitting are problematic. Add those to a dysfunctional supply chain and labor shortages and you have buyers whose houses were supposed to be delivered eight months to a year ago still waiting to move into their new homes.

Semi-custom builder Craig Builders is active in several communities. Ben Davis, VP of Sales says, “It’s a challenge to build a home right now, but we have a great group of people who are committed to finding creative ways to ensure our customers are moving in on time.”

That includes constant communication with the customers to help them plan how to rent or coordinate the sale of their current house to prevent having to move twice.

“I expect pricing and supply shortages will get worse before they get better. We are having to order almost everything two to three months earlier to avoid scheduling delays so our timeline from groundbreaking to completion doesn’t get dragged out.

“We limit the number of homes we build each year to ensure we deliver a quality product and service to each customer without overcommitting. We are starting to build Villas and Elevator Townes in Old Trail Village with some fall 2022 move-in dates to help bring inventory to the market.”

with multiple offers. Properties that are coming out of the shoot with too high a price will probably be on the market longer and ultimately sell for a lower price.”

“It’s a challenge for the listing agent to figure out how to list the property knowing there is upward pressure,” says Slater.

“Even with the depths of demand we are experiencing, homes can still be overpriced.

REALTORS® analyze a lot of data to help a buyer set a fair price to attract buyers.

Sellers should pay attention. In cases with multiple offers, it’s usually buyers setting the elevated value, not sellers.”

Buyers Keep Your Wits This market has been tough on buyers. It’s difficult to watch mortgage rates go up, inventory go down, prices rise, and days on market plummet. With all those data points moving in the wrong direction buyers may panic or give up.

Neither of those choices is a good op-

Carla Huckabee writes about high-performing real estate.

7

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11 CEDAR CREEK ROAD

460 LARCHMONT CIRCLE

Come enjoy your private WATERFRONT home This house has everything you could want!

ONE LEVEL LIVING! Perfect sized home all with BASEMENT APARTMENT! This wonderful As you walk in the front door you are greeted on one level with an unfinished basement to house starts as you open the door to see real with a cascade of natural light, tall ceilings. maximize potential. Walk into your new home hardwood floors flowing into the living room acThe living room with beautiful fireplace wraps to find a spacious floorplan. The living room companied by a wood burning fireplace. The around to a formal dining area. Walk out onto opens to the kitchen with tons of countertop and hardwoods continue into your dining room givthe wonderful screened porch overlooking the cabinet space. The morning room upgrade proing you ample space for entertaining or use it large backyard. Back into the kitchen to see vides a wonderful dining space with tons of for a home office or flex space. The kitchen has your chef’s kitchen with tons of counter space natural light. From there you can walk onto the plenty of counter and storage space, plus room and brand new appliances. The sun filled large deck to enjoy your backyard. Head into for a table for informal dining. From there step informal dining area is great for entertaining your master bedroom to find an additional siting out onto the large back deck overlooking the or every day meals. The FIRST FLOOR MASarea perfect for relaxing or use as a wonderful lake. A true laundry room and half bath finish off TER SUITE with large closet and spa-like bath home office. The en suite bath has two vanities, the main floor. Go upstairs to find a master suite finish off the main floor living. Head upstairs separate shower, and a soaking tub to relax with two additional bedrooms. Walk downto see a loft perfect for an additional recand enjoy. When you walk down to the basestairs to find an in-law suite with a private living reation area with three bedrooms off the loft ment you will see tons of space and potential.

Sunday 1-3 pm room, kitchenette, bedroom, large closet, bathincluding one with an attached bath. DownThe basement’s full bath is already completed! room, and additional laundry. MLS# 1544 625494 stairs to Ct your basement with tonsAvinity of options Loop 2808 Magnolia Dr 2142 MLS# 626112 $385,000 Sawgrass $300,000 Peace & tranquility less than 15 minutes from Beautifully upgraded 4 BR townhouse w/mountain Complete 1st floor living, lgMLS# MBR & 625940 BA w/laundry.$670,000

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900 GARDENS BLVD #100 CHARLOTTESVILLE, VA 22901 WWW.AVENUEREALTYGROUP.COM

4161 Presidents Rd

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Country living 15 minutes of Downtown & within Albemarle County. This single floor home has beautifully updated kitchen & bathrooms. $260,000

Here’s your chance to live in a 1906 farmhouse with all the style and character while enjoying the conveniences of a modern home. $130,000

paulmcartor.montaguemiller.com/578197

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Land: $249,500 Home: $382,000 TOTAL: $631,500

Cynthia Hash Find Homes REALTORS® are licensed to sell real estate in the Commonwealth of VA. Find Homes Realty LLC Lic # 0226033659. 145 Ednam Dr # 311, Boar’s Head Professional Ctr, Charlottesville VA 22903. 434-218-0221. Locally owned and operated. Fair Housing Compliant. Information deemed reliable but not guaranteed.

If you have a relationship with another Realtor, this isn’t a solicitation.

Principal Broker

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Text 806 to 434-337-3216

Text 806 Text to 806Text to 806 to 434-337-3216 434-337-3216 434-337-3216 Text 806 to 434-337-3216

FEATURE

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FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

THE 2022 MARKET IS HOT!

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

8

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers WOOD’S END

THE GLEASON

Open, extremely spacious floor plan with 4 bedrooms and 4.5 baths. Enjoy expansive mountain and city views from inside or from one of 2 balconies.

Secure garage parking. Ting Available. Walk to dining, shopping, and entertainment! MLS#621646 $1,495,000 Steve McLean, 434. 981.1863

RIVER LAWN

Delightful combination of wood and pastureland with a spectacular bluff for a building site overlooking the James River in southern Albemarle County.

Property is under easement with the Virginia Outdoors Foundation. MLS#569753 $745,000 Steve McLean, 434.981.1863

ROUND HILL

Panoramic views of the Blue Ridge Mtns. and scenic Rivanna Reservoir frontage is offered from this spectacular 120-acre Albemarle County estate featuring a 5 BR manor home. Excellent location close to the city limits and the Charlottesville airport! MLS#625402 $5,450,000 Steve McLean, 434.981.1863

Striking residence on a private 5+ acres in the heart of Keswick, one of the most beautiful and protected areas in Albemarle County. Architecturallydesigned with numerous custom features, the floor plan of this stunning residence is thoroughly thought out; one level living with flexible space.

The front entrance opens into a lightfilled, vaulted ceiling great room with chef ’s kitchen and spacious living area.

Minutes from the world class Keswick Hall, Charlottesville, UVA, and Pantops.

MLS#626196 $1,195,000 Charlotte Dammann, 434.981.1250

GREY OAKS

In the heart of this exceptional country estate is an immaculate, 6-BR, 6.5-BA home offering outstanding views overlooking a 2-acre lake to the Blue Ridge Mtns. Total tranquility, over 53 rolling acres, wonderful outdoor spaces, and a 1,800 sf barn. MLS#617485 $4,165,000 Steve McLean, 434.981.1863

MADISON

Over 560 acres of wooded land on Thoroughfare Mountain in Madison County. Three contiguous parcels, completely private, with endless possibilities.

Hunt, ride ATVs, camp, build a weekend retreat or a permanent residence in total serenity. MLS#621697 $2,685,000 Steve McLean, 434.981.1863

FRAYS MILL

Mostly wooded preservation tract of 81.395 acres next to Frays Mill Subdivision in highly desirable northern Albemarle. This beautiful gently rolling land has a great, private homesite with Blue Ridge Mt. views, and creek on property. MLS#608509 $995,000 Jim Faulconer, 434.981.0076

MOORELAND

Classic Virginia brick home, circa 1855, on 22 acres, just seven miles south of Charlottesville. Property includes a cottage, outbuildings, shared ownership in a beautiful pond. Lovely mature landscaping and mountain views. $985,000 MLS#624421 Jim Faulconer, 434.981.0076 www.moorelandva.com

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HB3 FARM

Proximity, privacy, and panoramic views on 28 acres six miles from UVA. The property features an outstanding, spacious farmhouse with formal and informal spaces capturing the surrounding landscape.

Recent additions include gunite pool, spectacular pool house, and garage with finished space above. Expansive porches, stocked pond, barn with tack room, riding ring, trails, workshop, gym, and more comprise this one-of-a-kind offering. MLS#626078 $4,875,000 Steve McLean, 434.981.1863 or Court Nexsen, 646.660.0700

RAGGED MOUNTAIN FARM

Two wonderful estate parcels comprised of 185.01± acres in coveted Ragged Mountain Farm. Excellent elevated building site, complete privacy, and beautiful views. Murray/Henley/Western school district. MLS#621083 $1,895,000 Steve McLean, 434.981.1863

503 Faulconer Drive| Charlottesville | VA 22903 | office: 434.295.1131 | email: homes@mcleanfaulconer.com

WWW.MCLEANFAULCONER.COM

9

BLANDEMAR FARM ESTATES

25.4 acres with varying topography and amazing rock outcroppings. Unique design opportunities to create a stunning residence with magnificent views.

Convenient to Charlottesville and the University of Virginia. Fiber optic available. MLS#593358 $554,000 Charlotte Dammann, 434.981.1250

FRAY’S GRANT

Great investment opportunity! 2-two acres lots $99,000 each, or $275,000 total. Also, 21 acres, Blue Ridges views, creeks $170,000. Each 2+ acres lot is on private setting. Only 10 minutes to airport, excellent shopping, Bonefish Grill and Starbucks.

Jim Faulconer, 434.981.0076

SIMMONS GAP ROAD

5-acre lot with mature hardwoods. Great opportunity to build with no HOA. Private building site amongst beautiful woods. Located between Free Union and Earlysville but so convenient to Charlottesville & UVA. MLS#621177 $140,000 Charlotte Dammann, 434.981.1250

EMERALD RIDGE

22-acre lot in Western Albemarle! Wooded, wonderfully private and offers the ideal location for an elevated building site with the potential for big year-round views. Enjoy a picnic, fishing, hiking, and swimming at nearby Mint Springs Park. MLS#621504 $295,000 Steve McLean, 434.981.1863

LAMBS ROAD

Private, wooded lot, that’s conveniently close to Charlottesville, but still in Albemarle County. The property contains large, mature trees and a small stream that winds through the middle. 3 potential division rights. MLS#626128 $259,000 Jeremy Fields, 434.270.1220

MURPHY’S CREEK FARM

Wonderful gently rolling parcel of land with just under 26 acres, 18 miles south of Charlottesville.

The land is wooded (mostly hardwoods) with an elevated building site, stream/creek, total privacy, and long road frontage. MLS#619394 $285,000 Steve McLean, 434.981.1863

ESTES RIDGE

Beautiful 14.7-acre tract of pristine land with both open fields and mature woods. So many possibilities for the property - create a small estate parcel with main residence and dependencies or enjoy recreational activities. No HOA! MLS#621176 $289,000 Charlotte Dammann, 434.981.1250

RAGGED MOUNTAIN

4.32 acres, half open, with gently rolling, cleared homesite on a high plateau with lovely pastoral and mountain views. Situated in Ivy Valley, just off I-64 west of Charlottesville, less than 10 miles to the University of Virginia. MLS#622663 $465,000 Jim Faulconer, 434.981.0076

MISSION HOME ROAD

146.88 ac. in Albemarle & Greene County. Privacy & protection adjacent to the Shenandoah National Park!

Full division rights & multiple home sites. Extraordinary timberland. Views of the mountains, along with easy access to trails & Skyline Drive. MLS#620276 $1,200,000 Steve McLean, 434.981.1863

EDNAM FOREST

Wonderfully large 1.5+ acre building lot in Ednam Forest. Build your dream home on this elevated, wooded lot located in a single family community, minutes from UVA and within walking distance to Boar’s Head Resort. MLS#598537 $289,500 Steve McLean, 434.981.1863

503 Faulconer Drive| Charlottesville | VA 22903 | office: 434.295.1131 | email: homes@mcleanfaulconer.com

WWW.MCLEANFAULCONER.COM

THE REAL ESTATE WEEKLY WWW.C-VILLE.COM

BUFFALO RIVER ROAD

Elevated 21-acre tract, mostly mature hardwood forest and road frontage in northwest Albemarle.

Elevated homesite offers potential panoramic Blue Ridge Mountain views with some clearing. Adjacent 21 acres also for sale. MLS#625864 $170,000 Jim Faulconer, 434.981.0076

COMMONWEALTH DRIVE

One story 2,147 SF commercial office building at corner Westfield RD just off Rte 29S. Zoned Commercial Office (CO) use includes administrative and business offices, professional offices, medical, dental and more. CVCMLS#30317750 $749,000 Mark Mascotte, 434. 825.8610

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

EAN FAULCONER INC. MCLFarm, Estate and Residential Brokers

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

10

HOME SALES STATS

Do you have Commercial Space to Lease?

ENDING THE WEEK OF FEBRUARY 20, 2022 THERE WERE 67 SALES IN THE 11 COUNTY AND CITY AREAS

n 18 were in Albemarle with an average price of $623,551 n 9 were in Charlottesville with an average price of $446,822 n 3 were in Fluvanna with an average price of $416,278 n 3 were in Greene with an average price of $374,417 n 6 were in Louisa with an average price of $406,580 n 4 were in Madison with an average price of $275,000 n 7 were in Nelson with an average price of $421,286 n 9 were in Orange with an average price of $415,220 n 3 were in Staunton with an average price of $328,500 n 5 were in Waynesboro with an average price of $283,220

HOMES SOLD

Be sure to advertise your listings in the March 23rd issue of the

Real Estate Weekly

featuring the area’s Newest Commercial Real Estate Developments!

Call 434.996.4019 to Advertise!

THE 919 SUMMIT VIEW LN CORY FARMS

416 PARK STREET CITY OF CHARLOTTESVILLE

94 HIGHLAND CIRCLE SPRING CREEK

Staff:

EDITORIAL COORDINATOR

Celeste Smucker • editor@caarrew.com

MARKETING SERVICES Beth Wood beth@caarrew.com • 434.996.4019

147 PARKWAY VIEW DR WHETSTONE RIDGE

1114 PRESTON DRIVE STAUNTON

THE REAL ESTATE WEEKLY WWW.C-VILLE.COM

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

GREENE COUNTY

CITY OF STAUNTON

LOUISA COUNTY

CITY OF WAYNESBORO

MADISON COUNTY

ALBEMARLE COUNTY

NELSON COUNTY

www.charlottesville.gov Real estate tax rate: $.95 per $100 ci.staunton.va.us Real estate tax rate: $.92 per $100 www.waynesboro.va.us Real estate tax rate: $.90 per $100 www.albemarle.org Real estate tax rate: $.854 per $100

FLUVANNA COUNTY

fluvannacounty.org Real estate tax rate: $.884 per $100

Faith Gibson ads@c-ville.com

2412 MT VERNON STREET WAYNESBORO

greenecountyva.gov Real estate tax rate: $.82 per $100 www.louisacounty.com Real estate tax rate: $.72 per $100 www.madisonco.virginia.gov Real estate tax rate: $.71 per $100 nelsoncounty-va.gov Real estate tax rate: $.72 per $100

ORANGE COUNTY

orangecountyva.gov Real estate tax rate: $.804 per $100

DESIGNER

Tracy Federico designer@c-ville.com 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 Real Estate Weekly, Inc., nor its corporate parent, the C-VILLE Weekly, assume any responsibility and shall have no liability whatsoever for errors, including without limitation, typographical errors or omissions in the REAL ESTATE WEEKLY. The 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.

The Real Estate Weekly Is printed on 100% recycled paper

308 E. East Main Street • Charlottesville, VA 22902 • e-mail: ads@c-ville.com Send your news and/or press releases to editorREW@gmail.com

11

FEBRUARY 23 - MARCH 1, 2022 ISSUE 3108

THE REAL ESTATE WEEKLY WWW.C-VILLE.COM

REALTORS ® are members of the National Association of REALTORS ®

YOUR PLACE. OUR PURPOSE. Crossroad Corner Shops | North Garden Family owned and operated since 1994, this beautifully maintained shopping center sits amongst the rolling hills of bucolic southern Albemarle County. The intersection on which its sits has supported businesses since 1820 and currently boasts traffic numbers of 16,000 vehicles per day. Designed to serve the community, the shopping center contains restaurants, a convenience store and gas station, medical offices, a bank, and numerous offices. $4,500,000 | Percy Montague | 434.981.1958

2417 Ridgeview Rd | Reva Renovated 1900’s farmhouse with all of today’s modern technology! 3 BR, 1½ BA farmhouse, with detached garage/shop located in the Reva area of Madison County just minutes from Route 29. Offers high speed INTERNET.

$319,000 | montaguemiller.com/VAMA2000422 Carrie Brown | 434.806.2048

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ng sit

uildi d&b

Lot 3 Fairway Dr | Keswick

Langdon Woods Dr | Albemarle Proposed custom home To-Be-Built by European Homes of Albemarle on this beautiful lot in a community of nature in northern Albemarle County. Superior quality with open floor plan and spacious owners suite.

$875,000 | anitadunbar-realtor.com/617300 Anita Dunbar | 434.981.1421

119 Charles St | Gordonsville Newly renovated 3 BR, 2 BA farmhouse in the town of Gordonsville. New heat pump with propane back up for heating and cooling, new kitchen including granite counter and stainless appliances. Nice sized back yard on 0.5 acres

$229,900 | montaguemiller.com/VAOR2001576 Cindy Reed | 540.395.2167

ites

omes

&h Land

1a Middle Fork Rd | Palmyra

Cedar Ct | Charlottesville

Wonderful opportunity to build your dream home in Keswick Estate! This remarkable 3 acre parcel is NEARLY LEVEL to gently sloping with mature trees and backs up to the award winning Full Cry golf course at the 6th tee.

Evergreen Subdivision-15 lots ranging from 2 to 178 acres located on 2 state maintained roads in Fluvanna Co. Lots approved for 3 BR conventional septic. Build on homesites in a quiet rural location commutable to Charlottesville.

Office Space Lease - Located off Barracks Road, on Cedar Court for lease. Excellent, easy to access location.

Multi use basement office space, with 5 large office rooms.

$395,000 | newleafcville.com/623261 New Leaf Team | 434.214.6121

$374,900 | cartermontague.com/596272 Carter Montague | 434.962.3419

Office Space Lease Rate $1200 Monthly Kyle Olson | 540.649.4131

Whether you're buying or selling a home, locally or globally, searching for investment opportunities or just have questions, we're here to help.

At Montague, Miller & Co., we take pride in our ability to educate and guide our clients to successful outcomes through professionalism and honest counsel.

MONTAGUEMILLER.COM | 800.793.5393 | CHARLOTTESVILLE | AMHERST | MADISON | CULPEPER | ORANGE

Proudly serving Central Virginia’s real estate needs for over seventy years!