Real Estate Weekly | 3.13.2023

If You Are Thinking of Selling Your House,

OLD BALLARD ROAD

Set on over 2 acres of flat usable yard great for gardening, entertaining or playing - this 5 bedroom 4.5 bath home is defined by the large windows throughout. 3,391 sq ft above ground. First and second floor primary suites. Unique touches, light filled, thoughtfully designed. $1,100,000

SUNSET DRIVE

Excellent taste and craftsmanship have transformed this brick one story residence. Mountain views, hardwood floors, screened porch and a large deck. Wonderful backyard with room for a garden. Full terrace level includes a family room and workshop. $475,000

18 ACRES ADJOINING SHENANDOAH NATIONAL PARK

18 wooded acres adjoining George Washington National Forest in Madison County, Virginia. One mile from the Shenandoah National Park. This private cabin offers access to hiking trails, and features winter views to the foothills of the Piedmont. Spring views of numerous mature dogwood and redbud trees on the property. Summer dresses the property in green with ample sky above; autumn paints the property in red, orange and yellow and always there are nocturnal views to a starry sky. The rural quietude is punctured by the sound of the Rapidan River on the calmest of evenings. BY APPOINTMENT ONLY $499,000

TILMAN ROAD

Stone Contemporary cottage set on over 3 acres in Ivy. Beautiful great room with soaring ceiling and 20 ft. stone fireplace. This home offers 4 bedrooms, 3.5 bathrooms, skylights, and bamboo floors. Primary suite features a spa-like bath. A wonderful screened porch lets you take in the surrounding nature. Peaceful and quiet. Western School District. $825,000

Annie Gould Gallery

Bigger portfolio

CRHA updates City Council on recent property acquisitions

By Sean Tubbs

As Charlottesville considers an ordinance to create a land bank to generate more affordable housing, one government entity is already providing much of that function.

In addition to owning and operating hundreds of public and voucher-based units across the city, the Charlottesville Redevelopment and Housing Authority has been buying more property to guarantee lower rents for tenants.

Moving Forward

Transition is an opportunity regardless of your place in life... and you may feel now is the time to make a move.

doing for this portfolio is using the voucher problems in [Albemarle County] and the city. We are also assisting families that reach out to us that are unable to get served on the public housing program and the voucher program.”

Having both public housing units, as well as the additional units, gives an economy of scale that has allowed CRHA to hire two full-time exterminators to deal with known pest-control issues.

Sales says the agency is considering selling a duplex located on Harris Street on land zoned for industrial mixed-use.

“It is not in the best place for residential,” he says. “I’ve been talking to my board and they are in support of disposing of it.”

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“The portfolio was developed to preserve naturally occurring affordable housing units that were at risk of being lost due to natural real estate transactions,” says John Sales, CRHA’s executive director.

Using funding that had originally been approved by City Council for rental vouchers, CRHA bought two duplexes on Coleman Street in August 2022, and a house on Montrose Street that October. Last June, it closed on the $10 million purchase of 74 units known as Dogwood Housing after council agreed to contribute half the funds.

“We then acquired 100 Harris Rd., which is a three-bedroom single-family home, on July 14, 2023,” Sales says.

According to Sales, that transaction kept a long-term tenant, who had been at risk of displacement, in the house. Overall, 68 percent of tenants have incomes less than 30 percent of the Area Median Income. Seventy percent of the units do not have a subsidy associated with them.

“We want to continue serving those families,” Sales says. “What we have been

The property has an assessment of $295,300, but Sales says the property could go for between $350,000 and $500,000, and all of that funding would go back into the organization’s portfolio.

When City Councilor Michael Payne asked if the prospective owner could be identified, Sales said CRHA has to put the property on the open market.

“But, they were going to preserve it to expand their business operations and move their headquarters to that location,” Sales says.

To make up the additional residential, CRHA purchased a property in Belmont on Meridian Street last November, which, he says, will be added to the portfolio. A majority of City Council members say they’ll support the sale of the Harris Street property if it comes back to them for a vote.

“Harris Street ought to be a place where we are encouraging other industrial and commercial kinds of uses,” Councilor Lloyd Snook says.

There are plenty of expenses associated with maintaining so many homes, and Sales says three properties totaling 18 residential units on Ridge Street need new roofs. The CRHA is seeking grants to cover the cost of $50,000 per building, including an application through the city’s share of Community Development Block Grant funds.

Councilor Brian Pinkston told Sales he was glad the city helped make the Dogwood purchase.

“I think this just shows creativity on your part and I am very grateful for the work that you’ve done,” Pinkston said.

Pinkston and the rest of council also agreed in February to purchase 405 Avon St. from CRHA for $4 million. In addition, CRHA has closed on its $2.5 million purchase of the Milgraum building on the Downtown Mall.

The Charlottesville Redevelopment and Housing Authority might sell this Harris Street duplex because “it is not the best place for residential,” says CRHA Executive Director John Sales.

SUPPLIED PHOTO

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

1400 River Rd | Charlottesville

$520,000 | montaguemiller.com/646821

Doug Burke | 434.996.6791

810 Golf View Dr | Crozet

Stunning Home in the sought-after Old Trail Town Center. Discover low-maintenance living in this impeccably maintained home. Step through the stately front door into a grand foyer that showcases beautiful hardwood floors throughout the first level. A naturally lit living room with soaring ceilings that seamlessly flows into the gourmet kitchen, boasting granite countertops, crisp white cabinetry, and high-end stainless-steel appliances. The 2nd-floor loft creates additional living space that connects to the three upstairs bedrooms, one with an ensuite and walk-in closet. Entertain outside on hardscaped patio w/amazing views.

$845,000 | montaguemiller.com/649724

Kyle Olson | 540.649.4131

1704 Old Brook Rd | Charlottesville

Two older homes on this lot. Property is developable. 7.96 acres zoned R-2 Residential. Beautiful, flat to sloping terrain, mostly wooded with some steep

$995,000 | montaguemiller.com/646888

Gaffney Saadut Team | 434.760.2160

1005 Albemarle Ave | Waynesboro

Don’t miss this city charmer with 3 bedrooms & 2½ baths. Primary bedroom has large full bath. Hardwood floors throughout. New paint. Kitchen has maple cabinets. Large deck and easy maintenance yard. Off street parking.

$260,000 | montaguemiller.com/650117

Doug Burke | 434.996.6791

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EDGEMONT

Nestled in the foothills of the Blue Ridge Mountains, 15 miles south of Charlottesville, is this rare 572-acre historic estate whose design is reputed to be the only remaining private residence attributed to Thomas Jefferson. MLS#576150 Court Nexsen, 646.660.0700 www.HistoricEdgemont.com

MILL HOUSE

Former house of noted local architect Floyd E. Johnson, on the banks of Totier Creek. Thoughtfully renovated and expanded, 5-BR, 3 full and 2 half BA. Guest house, 2-bay garage, pool, equipment shed plus 130 acres of open & wooded land. MLS#639196 $2,475,000 Court Nexsen, 646.660.0700

WEST MAIN STREET CORRIDOR

Investment/Assemblage opportunity between University of Virginia and Charlottesville’s dynamic Downtown Mall. Property is being targeted to be classified to RX-5 in the new city zoning ordinance. MLS#30850340 $875,000 Tim Michel, 434.960.1124

FRAYS GRANT

This 21 acre lot is situated at the end of a culde-sac that provides privacy and a quite setting among towering hardwoods, and is convenient to CHO airport and ample shopping of various kinds. MLS#640231 $269,000 Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455

HIGHER GROUND

27 acre estate, mountaintop retreat with 11,400 sf., 8-BR, 6.5-BA residence with many outside terraces, decks and unsurpassed panoramic mountain views! 10 miles to famed Omni Homestead Resort, 2 miles to the airport. www.highergroundva.org Jim Faulconer, 434.981.0076 or Will Faulconer, 434.987.9455

TILMAN ROAD

Arguably the best Blue Ridge Mountain views in Ivy. On 6 landscaped acres with a custom 4-bedroom house including 2 master suites, living room, dining room, study, sunroom/eat-in kitchen and large basement with recreation room. Western school district. $1,450,000 Tim Michel, 434.960.1124

FREE UNION PARCEL

42 acre tract on Wesley Chapel Road with the right to be divided into two 21 acre parcels. Big views with clearing towards the Blue Ridge. Stream frontage on Burruss Branch. Old logging road recently cleared for easy access. MLS#647055 $799,000 Tim Michel, 434.960.1124

SIMMONS GAP/ ESTES RIDGE

10 acres of mature woods. Property has long road frontage and consists of two parcels being combined and sold as one. No homeowners association! Design and build your dream residence on this very well-priced parcel. MLS#621178 $189,000 Charlotte Dammann, 434.981.1250

SWANNONOA COUNTRY CLUB

Stunning golf course atop the Blue Ridge Mtns. in Afton, Va. 20 minutes west of Charlottesville, UVA and at the gateway to the Shenandoah Valley via I-64 or Rt 250. Explore the many alternative uses for the 236 acres with sweeping views in all directions. MLS#649416 $3,500,000 Tim Michel, 434.960.1124

WAYSIDE PLACE

Prime location near the University of Virginia Grounds and Barracks Road Shopping Center, steps from the Downtown Mall. Charming 4-bedroom, 3.5-bath residence rich in history, awaits its second owner. MLS#648746 $1,100,000 Mark Mascotte, 434.825.8610

EAST WATER STREET

Rare opportunity for a unique downtown office/retail condo with deeded onsite parking space! Located in the Holsinger Condo on Water Street, one block removed from the Historic Downtown Mall. Easily accessible to UVA and all Charlottesville has to offer. $495,000 Charlotte Dammann, 434.981.1250

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 $119,000 Charlotte Dammann, 434.981.1250