Real Estate Weekly 2.25.2016

VOL. 25 NO. 8 n FEBRUARY 25 - MARCH 2, 2016 WWW.CAAR.COM

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

REITS Promote Investment In Local Communities

Unparalleled GOLF & LIFESTYLE

T H E O F F I C I A L R E A L E S T A T E C O M P A N Y O F W I N T E R G R E E N R E S O R T

434-325-8018 | wintergreenresort.com | 866-905-9777

LOCATED ONLY IN THE MOUNTAIN INN

A P A R T N E R S H I P W I T H R O Y W H E E L E R R E A L T Y C O .

Selling Wintergreen and Stoney Creek

Devils Knob 18 Tennis Courts

Stoney Creek Designed by Rees Jones

2016 Spring REAL ESTATE MARKET

Expected to be ActiveBY CELESTE M. SMUCKER, PHD

VACATION at Wintergreen, YEAR ’ROUND





Selling Wintergreen Homes, Condos and Lots

LIST & SELL with US Today!VACATION at Wintergreen, YEAR ’ROUND





Selling Wintergreen Homes, Condos and Lots

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$445,505

Pat Burns 434-465-4444• Colonial style w/wraparound front porch• On 12 acres with paddock & shed• 5BR/3.5BA with finished basement• Large main level w/open floor plan• Hardwood flrs & crown molding• Stone FP in family room• Open kitchen w/beautiful granite

$365,000

Rachel Burns-Reynolds 434-760-4778• 3+ acres, 4BR/3 full & 2 half BAs • Queen Anne style in ZION CROSSROADS• 25 min to Cville & 10 min to Zions Xroad• Foyer & LR w/cathedral ceilings, custom Victorian trim work & antique FP• Eat-in kitchen w/bay windows, stainless appl• Main floor master w/ 2 closets, private deck access• HUGE lower level living in rec & family room

Candice van der Linde 434-981-8730• Shenandoah Crossing Community• 3 BR 2 BA - Spacious bedrooms• Large eat in kitchen/formal dining• Large back deck off kitchen• One level living, walk to the lake. • Golf/Pool/tennis/mini-golf• Year round activities!

$184,000

Roger Voisinet 434-981-1076• Woolen Mills - Great downtown neighborhood• Large mostly fenced in flat rear yard • Kitchen remodeled, new baths, flooring & paint etc. • Washer/dryer, Central Heating and Air• A rare find in town in this price range• Large utility room/workshop

$1,750/mo

Bev Nash 434-981-5560• Reduced a total of $30,000 and motivated in Fontana• 2,128 finished sf with 4 bedrooms and 2.5 baths• Main level master suite with trey ceiling. Hardwood floors• Vaulted ceilings, gas fireplace, open floor plan• 2 vehicle garage with epoxy floor, Cul de sac location

NOW $379,900

Ruth Guss 434-960-0414• 3 bedrooms, 2 full baths, 1,448 finished sq. ft.• Kitchen has Maple cabinets & Corian counter tops• Bathrooms are updated with marble, granite & tile• Oak floors in living room, dining room & master• 2 car detached garage with storage & electricity• 2.225 acres with mountain & pasture views

$225,000

Roger Voisinet 434-981-1076• PEACOCK HILL• Wonderful Deck House• 3 br, 3.5 ba, 3400+fsf• Private setting w/abundant outdoor living & gardening areas. • Expansive floor plan with abundant windows and light• Stone FP overlooks the large, multi-level deck• Wooded backyard features small stream & raised bed garden

Candice van der Linde 434-981-8730• Close to Barracks Road• Own or Rent this Condo• Renovated: Hardwood Flrs, Ceramic Kitchen & Bath floors. Oak kit. Cabinets • HVAC ‘12 & new Windows! • Private back view

Kim Lilley 434-422-0223• Sought-after Ashcroft – 3 mins. to town• 4 BR 3.5 BA – 3,930 s.f. finished• 1 acre wooded lot on dead-end street• Vaulted ceiling great room with fireplace• Remodeled kitchen with granite counters• Fabulous first floor master suite• Walk to pool, tennis and playground!

$539,500 $134,000

A DREAM HOME IS GREAT,BUT THE RIGHT ONE IS BETTER.

Let an agent who knows guide you.

434.985.002121708 James Madison Hwy

Troy Va 22974ZION CROSSROADS

434.974.1500355 West Rio Rd, #102

Charlottesville Va 22901CHARLOTTESVILLE

$559,900

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And Our Professional Support Team!

Patsy StrongBROKER, ABR, SRES, SRS

434-996-4606 [email protected]

Residential Marketing & Listing Specialist

Kari RothamelABR, SRES, SRS


Top-Producing Buyer’s Agent

Daniel RothamelABR, SRES, SRS


Top-Producing Buyer’s Agent

Search All Homes or Get A Market Price On Your Current Home At: StrongTeamRealtors.com

NEW TO THE MARKET25 HAVERSACK ROAD $298,500 30 POSSUM LANE - waterfront $489,000

67 WILDWOOD DR. - WATERFRONT $469,500 6 WEDGE TERRACE - GOLF FRONT $348,500

547 JEFFERSON DRive $159,500 17 PONDEROSA LANE $194,500

19 dogleg road $198,500 49 OUT OF BOUNDS RD. - WATERFRONT $399,500

3136 SF - UP TO 5 BR - 2.5 BAThis Custom Colonial Features Lots of Upgrades: High 9-ft Ceilings, Rich Hardwoods Throughout Main Level, Formal LR & DR plus Lrg. Open & Bright Greatroom, Kitchen w/SSurface Countertops-Breakfast Bar-SS Applianc-es, Vaulted Master, 4 BR + Lavish Bonus Rm w/Tray Ceiling (5th BR), Lrg. Back Deck, 2-car Garage, Level Homesite. Spacious Living Inside & Out!

2572 SF FIN - 1092 SF UNFIN, 4 BR, 3 BA, FIN.BASEMENTWATERFRONT w/163-ft of Waterfront-age - Dock. Custom-built - Kitchen w/GraniteWarming Room off from Kitchen w/Brick W/B Fireplace, Lrg Greatroom w/2 Walk-outs to Deck & Water, 1st Fl Master w/Walk-out & Waterviews, 1st Fl. Guest Rm, Fin Terrace Level w/Family Rm, 2 BR, BA, Lots of Storage. Trex Decking - Private Boat Dock.

3250 SF - 5 BR - 4 BA - GARAGE - DOCKBeautiful Post & Beam Classic Adiron-dack-Styled Waterfront Home With Cove/Main Lake Waterviews & Easy Walk to the Water PLUS A Separate Guest Cottage on the Property w/2 BR-BA-Kitchen w/sep.electric meter - Perfect for Extended Guests and/or Family! Vaulted Lvgrm w/Floor-to-Ceiling Windows & Natural Wood Accents, Open & Bright Kitchen. Views From Every Room!

ON 6TH FAIRWAY 3641 SF - 3 BR - 2.5 BA - ON .42/ACGorgeous Vaulted Design w/2 Masters (1st & Terrace Level), Greatroom w/Brick Gas-log FP-Chef’s Dream Kitchen w/Granite Countertops-1st Fl. Master w/Tray Ceiling-2 Walk-ins-Lrg Master BA w/Whirlpool-Finished Terrace Level w/Walk-outs to Covered Viewing Patio from Family Rm & Guest BRs.Screened Porch. Lrg.Deck.Garage. Beautiful Views!

1819 SF - 3 BR - 2.5 BA - ON .38/ACLovely Cape with Large Eat-in Kitchen w/Center Island, Formal DiningRm, Liv-ingRm w/Built-in Bookcase, Nice 1st Fl. FamilyRm w/Woodburning FP, Vaulted Master, Skylights. Plus, Glass-surround SunRoom w/Sep.HVAC. Circular Drive,-mature Landscaping, Shed, Privacy Fence in Back. Trane HVAC w/American Standard Air Purifier, Security Sys, New Garage Door & Shutters 2010. Garage.

2256 SF - 3 BR - 3 BA - FIN.BASEMENT - GARAGESplit-Bedroom Rancher with Vaulted Ceilings, Lovely Hardwood Floors, Relaxing Screened Porch Overlooking Large Level Backyard. Vaulted Gre-atroom with Beautiful Hardwood Floors - Open Kitchen with SSurface Counter-tops- Fin. Basement with Family Room-Fireplace-BA-Bonus Room/Exercise Room. Golf Area Location.

GOLF AREA RANCHER W/FIN. BASEMENT - GARAGE2094 sf - 3 BR - 3 BA, Vaulted Living-Room w/Gas-log FP, Kitchen w/Maple Cabinetry, Spacious Vaulted Master w/Relaxing Whirlpool & Shower plus 2-Walk-in Closets & Double Vanity, Nice Fin. Basement w/2nd FP & Full Bath plus Home Office/Studio off from Ga-rage. Beautifully Landscaped - Lrg Back Deck - Covered Concrete Patio.

2144 FIN. SF 1,408 UNFIN. SF 3 BR - 3 BAVaulted Greatroom w/Stone Fireplace, Knotty Pine Ceilings & Warm Accents Throughout, 2 Master Stes(1st & 2nd Fl), Loft Den Overlooks Greatroom, Open Beamed Kitchen w/Bay Window & Breakfast Bar, Cedar-lined Closets, Unfin. Basement w/Walk-out to Brick Patio, Back Deck w/Covered Porch Area. Oversized Lot in Private Cul-de-sac!

COMING SOON:

Visit Our Website & Be The First To Know About New Homes Coming On The Market Daily!

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OPEN HOUSES Sunday, October 20th

A Virginia Tradition Since 1927Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903

Ph (434) 951-5155 • F (434) [email protected] • www.roywheeler.com

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

104 DORSET COURTTime: 2-4

Hosting Agent: Jan ShiflettSUPER CLEAN ONE LEVEL RANCH w/brick front & vinyl siding at the end of a cul-de-sac, plus a full walkout basement! This darling starter home was just painted inside & features hardwood floors. Extra-large deck overlooks private, spacious backyard. Lots of upgrades, new roof, many others. Located in the Baker Butler/Sutherland school districts! $159,000. Jan Shiflett, 242-6057. (514345)Directions: 29N to Camelot, left on Barnes-dale, left on Dorset all the way to the end of the street.

1015 BEDFORD HILLS DRIVETime: 1-4

Hosting Agent: Jim McVayUNIQUENESS AND COMFORT. Enjoy beautiful brick fireplaces, high ceilings and abundant natural light. First floor master suite has adjoining office. Great pool and patio. Cot-tage is wonderful guest or in-law suite or artist/writer studio. 2+ acres for play and gardening in Earlysville. $480,000. [email protected] 434-962-3420. (513693)Directions: From Hydraulic and Rio take Earlysville Rd north over the reservoir to a left onto Bedford Hills Drive. 1015 is on your left.

940 STANLEY DRIVETime: 1-4

Hosting Agent: Mike PetersFABULOUS 5BR COLONIAL located near Hollymead Town Center. This spacious, move-in condition home features an open floor plan with gourmet eat-in kitchen, family room with fireplace, first floor bedroom with office, extensive ceramic and hardwood flooring and new carpet. A must see property! $429,900. http://www.940stanley.com/ Mike Peters 951-5119/981-3995. (512926)Directions: From town Rio Rd. west to Rt. 743 (Hydraulic Road) north towards Earlysville. Right on Stanley Dr, second drive on the left.

520 STAGECOACH ROADTime: 1-4

Hosting Agent: Kay SandsADORABLE 1950s COTTAGE. One floor living on a half-acre that has been lovingly taken care of. 3 bedrooms, spacious well-equipped kitchen, lg. living room w/wood burning fire place, hardwood floors, great room w/outside entrance leading to a sunny terrace & yard, attractive spacious shed w/electricity. Minutes from Downtown. $229,500. Kay Sands, 825-6129. (509047)Directions: 5th Street Ext., cross over Interstate 64, take third left, travel about 1/4 mile, house is on the right.

2226 BANBURY STREET

Time: 1-4 • Hosting Agent: Julie Holbrook

E S T A B L I S H E D NEIGHBORHOOD and convenient to downtown and Rt 29. Well maintained home features hardwood floors, screened porch, main level laundry, 1 full and 1 half bath on main level. Full finished basement includes kitchen and laundry, 1-2 bedroom with outside access. $223,100. Julie Holbrook, 434-989-4415. (512616)

Directions: From 29N, East on Rio, Right on Greenbrier, Left onto Banbury, thru stop sign, home on the left. ALSO OPEN 10/23 FROM 2-3PM PRIOR TO AUCTION.

37 WEXFORD RIDGE ROAD

Time: 2-4 • Matthew Wood-son

READY TO MOVE IN! This upgraded “Berkshire” model has hardwood floors, granite counters, gas fireplace, built-in cabinets, 9’ ceilings, stainless steel appliances, 4 bedrooms and 2.5 baths - the list goes on and on. $379,900. MatthewWoodsonProperties.com 960-5187. (501463)Directions: From 29N, East on Rio, Right on Greenbrier, Left onto Banbury, thru stop sign, home on the left.

21708 JAMES MADISON HWY.

Time: 1-4 • Hosting Agent: Susan Stewart

DESIGN/BUILD YOUR OWN HOME for as little as $1000 down, no construction loan necessary! I&J invites you to tour this Parade of Homes Award winning plan, with large windows, open spaces, high ceilings, elegant fixtures & finishes. Every detail has been considered! Many floor plans are available or I&J can help you design your very own plan! $369,000. Susan Stewart 434-242-3550. (505508)Directions: FFrom Zion Crossroads – Rt. 15 South. Cross Rt. 250 and do immediate U turn into parking lot. Look for sign.

679 TOUCHSTONE LANE

Time: 1-3Hosting Agent: Margaret

RamseyBEAUTIFUL MODERN POST AND BEAM home on 11.5 acres. Artfully crafted bright, airy living area. + 2BR/BA + office. A wonderful vacation home - or live in paradise year-round. Views are protected with a charming upscale B&B on one side, and a conservation easement view across the river. $325,000. Margaret Ramsey, 953-7057/296-7171. (510719)

Directions: North on Hydraulic Rd; left Earlysville Rd; left Buck Mountain Rd; right Simmonds Gap Rd; right Buffalo River Rd; left to continue on Buffalo River Rd (becomes Celt Rd); left Chapman Rd; right Touchstone Lane; right to 2nd house on left (2nd sign).

218 LOGTRAC ROAD

Time: 12-2 Hosting Agent:

Tammi CampbellENJOY FISHING or sunning on the beach when you buy this 3BR/2BA Contemporary cedar-sided Saltbox with open floor plan, delightful sunroom with rock wall waterfall, large laundry room, plenty of storage space, additional storage shed and garden spot. Only 15 minutes to shopping, 20 minutes to Cville. $209,000. www.TammiCampbell.com 985-2348/882-5403. (514558)

From Rt. 29 in Ruckersville head west on Rt. 33, approx. 7 miles turn left on Rt. 622 (Celt Rd) approx. 1 mile to left on Sunset Rd (Entrance to Greene Mtn Lake) to 2nd left onto Logtrac. House on right.

OPEN

SAT &

SUN

OPEN HOUSES Sunday, October 20th

A Virginia Tradition Since 1927Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903

Ph (434) 951-5155 • F (434) [email protected] • www.roywheeler.com

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

104 DORSET COURTTime: 2-4

Hosting Agent: Jan ShiflettSUPER CLEAN ONE LEVEL RANCH w/brick front & vinyl siding at the end of a cul-de-sac, plus a full walkout basement! This darling starter home was just painted inside & features hardwood floors. Extra-large deck overlooks private, spacious backyard. Lots of upgrades, new roof, many others. Located in the Baker Butler/Sutherland school districts! $159,000. Jan Shiflett, 242-6057. (514345)Directions: 29N to Camelot, left on Barnes-dale, left on Dorset all the way to the end of the street.

1015 BEDFORD HILLS DRIVETime: 1-4

Hosting Agent: Jim McVayUNIQUENESS AND COMFORT. Enjoy beautiful brick fireplaces, high ceilings and abundant natural light. First floor master suite has adjoining office. Great pool and patio. Cot-tage is wonderful guest or in-law suite or artist/writer studio. 2+ acres for play and gardening in Earlysville. $480,000. [email protected] 434-962-3420. (513693)Directions: From Hydraulic and Rio take Earlysville Rd north over the reservoir to a left onto Bedford Hills Drive. 1015 is on your left.

940 STANLEY DRIVETime: 1-4

Hosting Agent: Mike PetersFABULOUS 5BR COLONIAL located near Hollymead Town Center. This spacious, move-in condition home features an open floor plan with gourmet eat-in kitchen, family room with fireplace, first floor bedroom with office, extensive ceramic and hardwood flooring and new carpet. A must see property! $429,900. http://www.940stanley.com/ Mike Peters 951-5119/981-3995. (512926)Directions: From town Rio Rd. west to Rt. 743 (Hydraulic Road) north towards Earlysville. Right on Stanley Dr, second drive on the left.

520 STAGECOACH ROADTime: 1-4

Hosting Agent: Kay SandsADORABLE 1950s COTTAGE. One floor living on a half-acre that has been lovingly taken care of. 3 bedrooms, spacious well-equipped kitchen, lg. living room w/wood burning fire place, hardwood floors, great room w/outside entrance leading to a sunny terrace & yard, attractive spacious shed w/electricity. Minutes from Downtown. $229,500. Kay Sands, 825-6129. (509047)Directions: 5th Street Ext., cross over Interstate 64, take third left, travel about 1/4 mile, house is on the right.

2226 BANBURY STREET

Time: 1-4 • Hosting Agent: Julie Holbrook

E S T A B L I S H E D NEIGHBORHOOD and convenient to downtown and Rt 29. Well maintained home features hardwood floors, screened porch, main level laundry, 1 full and 1 half bath on main level. Full finished basement includes kitchen and laundry, 1-2 bedroom with outside access. $223,100. Julie Holbrook, 434-989-4415. (512616)

Directions: From 29N, East on Rio, Right on Greenbrier, Left onto Banbury, thru stop sign, home on the left. ALSO OPEN 10/23 FROM 2-3PM PRIOR TO AUCTION.

37 WEXFORD RIDGE ROAD

Time: 2-4 • Matthew Wood-son

READY TO MOVE IN! This upgraded “Berkshire” model has hardwood floors, granite counters, gas fireplace, built-in cabinets, 9’ ceilings, stainless steel appliances, 4 bedrooms and 2.5 baths - the list goes on and on. $379,900. MatthewWoodsonProperties.com 960-5187. (501463)Directions: From 29N, East on Rio, Right on Greenbrier, Left onto Banbury, thru stop sign, home on the left.

21708 JAMES MADISON HWY.

Time: 1-4 • Hosting Agent: Susan Stewart

DESIGN/BUILD YOUR OWN HOME for as little as $1000 down, no construction loan necessary! I&J invites you to tour this Parade of Homes Award winning plan, with large windows, open spaces, high ceilings, elegant fixtures & finishes. Every detail has been considered! Many floor plans are available or I&J can help you design your very own plan! $369,000. Susan Stewart 434-242-3550. (505508)Directions: FFrom Zion Crossroads – Rt. 15 South. Cross Rt. 250 and do immediate U turn into parking lot. Look for sign.

679 TOUCHSTONE LANE

Time: 1-3Hosting Agent: Margaret

RamseyBEAUTIFUL MODERN POST AND BEAM home on 11.5 acres. Artfully crafted bright, airy living area. + 2BR/BA + office. A wonderful vacation home - or live in paradise year-round. Views are protected with a charming upscale B&B on one side, and a conservation easement view across the river. $325,000. Margaret Ramsey, 953-7057/296-7171. (510719)

Directions: North on Hydraulic Rd; left Earlysville Rd; left Buck Mountain Rd; right Simmonds Gap Rd; right Buffalo River Rd; left to continue on Buffalo River Rd (becomes Celt Rd); left Chapman Rd; right Touchstone Lane; right to 2nd house on left (2nd sign).

218 LOGTRAC ROAD

Time: 12-2 Hosting Agent:

Tammi CampbellENJOY FISHING or sunning on the beach when you buy this 3BR/2BA Contemporary cedar-sided Saltbox with open floor plan, delightful sunroom with rock wall waterfall, large laundry room, plenty of storage space, additional storage shed and garden spot. Only 15 minutes to shopping, 20 minutes to Cville. $209,000. www.TammiCampbell.com 985-2348/882-5403. (514558)

From Rt. 29 in Ruckersville head west on Rt. 33, approx. 7 miles turn left on Rt. 622 (Celt Rd) approx. 1 mile to left on Sunset Rd (Entrance to Greene Mtn Lake) to 2nd left onto Logtrac. House on right.

OPEN

SAT &

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OPEN HOUSES Sunday, February 28th

6364 FLINTSTONE DRIVETime: 1-3 pm Hosting Agent: Tom Linkous

WATERFRONT LOT! Our Belmont is now com-pleted and ready to move in. Spacious great room, dining area, generous kitchen w/granite counters, & stainless appliances. 2nd floor offers huge MBR and 2 add’l BR with the convenience of the laundry on the 2nd level. Complete the basement for a FR or home of-fice, it is roughed-in for another bath. $289,900. Mat-thewWoodsonProperties.com 960-5187. (534346)

Directions: From Charlottesville, 29N to Greene County Line, take your first right on Lake Saponi Drive, Left on Flintstone, follow to lot on right.

444 JEFFERSON DRIVETime: 1-4 pm Hosting Agent: Mike Peters

DELIGHTFUL 1 LEVEL HOME on large lot in move-in condition! This attractive home features a spacious and flexible floor plan that is light and bright. Remodeled kitchen with stainless appliances, granite counters, tile backsplash and breakfast bar. Oversized 2 car garage, level and private back yard with patio and extensive landscaping. $194,900. Mike Peters 951-5119/981-3995. (541355)

Directions: Lake Monticello main gate; Right-Jeffer-son, Left-Northwood to end, Left-Jefferson (2nd on left). INCLEMENT WEATHER CANCELS.

334 CARODON DRIVETime: 1-3 pm Hosting Agent: Tammi CampbellGREAT VALUE in a great location! This 4BR/3.5BA, 3300 square foot home located in Carodon is ready for its new owner. Tile and hardwood floors, stainless steel appliances, granite counters, cherry cabinets, new heat pump, new microwave, new dishwasher and full finished basement. $320,000. www.TammiCampbell.com 985-2348/882-5403. (534789)

Directions: US 29 N from Albemarle Co. to left on Cedar Grove Rd (Rt. 607) for 1 mile to right on Advance Mills Rd (Rt. 743) for 1/2 mile to right on Carodon Dr, home is on the right.

A Virginia Tradition Since 1927Ednam Hall • Dryden Lane • Charlottesville, VA 22903

Ph (434) 951-5155 • F (434) 951-5190

[email protected] • www.roywheeler.com

5638 UPLAND DRIVETime: 1-3 pm Hosting Agent: Steve White

SPECTACULAR, UPGRADED END UNIT in Old Trail boasting 2400+ finished sq. ft. with 4BR/3.5BA. Hardwood floors, 9 ft. ceilings and extensive wood moldings. Great room with vaulted ceiling, gas FP. 1st floor master. Gourmet kitchen with birch cabinets, granite counters and stainless appliances. Attached 2 car garage. $439,000. [email protected] Steve White, 242-8355. (541154)

Directions: From Charlottesville go West on VSH 250 to right into Old Trail Subdivision right on Upland Dr. (before first traffic circle) unit on right at intersection of Claremont Ln. End Unit.

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F E B R U A R Y 2 5 - M A R C H 2 , 2 0 1 6

VOL. 25 NO. 8 n FEBRUARY 25 - MARCH 2, 2016 WWW.CAAR.COM

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

REITS Promote Investment In Local Communities

Unparalleled GOLF & LIFESTYLE





Selling Wintergreen and Stoney Creek

Devils Knob 18 Tennis Courts

Stoney Creek Designed by Rees Jones



IN EVERY Issue:Open Houses ............................. 4News & Views ......................... 7-9

FEATURE2016 Spring Real Estate Market Expected to be Active .................12BY CELESTE M. SMUCKER, PHD

COMMERCIALREITs Promote Investment in Local Communities ..............................24BY CELESTE M. SMUCKER, PHD

Home Sales Stats .................... 28

20

12

2016 Spring REAL

ESTATE MARKET

Expected to be Active

BY CELESTE M. SMUCKER, PHD

REITS Promote Investment

In Local Communities


24

Byrd AbbottASSOCIATE BROKER, ABR, CRS, GRI, SRES

[email protected]

1100 Dryden Lane, Charlottesville, VA 22903

1686 Capri WayFONTANA • $479,000 • MLS# 540253

www.1686capriway. info

PRICE REDUCED. MOVE-IN READY!

47 Spring Forest LaneEARLYSVILLE • $197,500 • MLS# 535971

• A MUST SEE!• 5 BR, 4 BA home, over 3,500 sq.ft. finished• 9’ ceilings, hardwood floors, ceramic tile, crown moldings• Gas fireplace• Entertainment-size deck• LL BR + full BA

• INDIAN SPRINGS - Beautiful Upscale 53 Lot Neighborhood• 4 Acre Lot on Fishing Lake• Lots of Tall Hardwoods • Drilled Well with Excellent Flow Rate• Driveable Lane to Building Site with Turn Around

GORGEOUS LOT IN UPSCALE NEIGHBORHOOD!

COMING SOON!795 FRAYS RIDGE ROAD

ADVANCE MILLS FARM

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Out of Bounds Elevator Towne Model is now open! This model home boasts an open layout with 3 bedrooms, 4.5 baths, 4th Floor Entertainment Room, elevator servicing all 4 floors and an abundance of natural light, plus many more desirable

included features. The community is conveniently located minutes from Barracks Road and all things Charlottesville.

Directions: From intersection of Barracks Rd & Emmet St (Rt.29), take Barracks Rd West, left on Bennington Road (or take Surrey or Chaucer and turn right on Bennington Rd). Drive through intersection of Bennington Road and Westminster Road, into Out of Bounds.

GRAND OPENINGM A R C H 5 ‑ 6 , 1 2 ‑ 5 P M

1100 Dryden Lane • Charlottesville, VA 22903(434) 951‑5155

Kate Colvin434.996.5008 cell

[email protected]

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What’s Happening Around Town?Construction Starts On School For Haitian Orphans

Charlottesville-based Building Good-ness Foundation (BGF) will send its first wave of volunteers this month to begin construction on a new school for or-phans in Hinche, Haiti.

The need is critical for education and housing for orphans in Haiti. Almost 50 percent of primary school-age children do not attend school, according to a UNICEF study. In Hinche, the illitera-cy and unemployment rates are greater than 60 percent.

“BGF has supported a number of Haitian orphanages through the years, and we’ve learned a lot,” said Kelly Eplee, BGF Executive Director. “Center of Hope Haiti is an exceptional best-prac-tice model.”

BGF volunteers will begin laying foot-ers on site during the BGF group visit from February 20 - February 27, 2016.

This is the first of approximately seven trips needed. The new school building will allow the COHH to educate 200 or-phans, three times as many as today. The current building, which was not meant to be used as a school, is now over capac-ity by 68 students.

“We are grateful for Building Good-ness Foundation’s support and collab-oration on this project,” said COHH Executive Director Julie Atkinson. “This is an area in which they have a lot of experience and we are looking forward to working with them to complete our project.”

Once complete, the existing center will be repurposed as a 60-bed orphan-age. Construction is expected to be com-pleted in early 2017. The price tag stands at $840,500 including materials, labor and support.

“COHH enrolls a new class of 15 chil-dren each year, orphaned by HIV/AIDS or the 2010 earthquake, and gives them a home and the best possible educa-tion, with a Kreol curriculum developed

in the Haitian communities of Miami, Florida,” Eplee added. “Our partner as-pires to a lofty goal: to prepare the next generation of Haiti’s leaders.”

Building Goodness Foundation (BGF) is a Charlottesville-based non-profit that connects skilled volunteers from the design and construction in-dustries with vulnerable communities at home and abroad. In partnership with best-practice non-government organizations (NGOs) and domestic nonprofits, we build critically need-ed schools, health clinics, homes, and centers for ecological and economic development. To find out more, please visit www.buildinggoodness.org.

Literacy Volunteers New Tutor Training: March 12 & April 2

Literacy Volunteers is seeking com-passionate and enthusiastic volunteers to tutor adults in reading, writing, or speaking English. Students come from a variety of backgrounds, and they are

hoping to acquire the skills they need to independently pursue life goals, sup-port their families, and contribute to their communities. Help them achieve their goals by calling 434-977-3838 to register for one of the upcoming New Tutor Trainings on Saturday, March 12 or Saturday, April 2, 9:30am-4:00pm. No teaching experience is necessary—only a desire to make a difference in someone else’s life. Learn more at www.literacyforall.org.

Virginia Folklife Program Announces New Partnership with Ash Lawn-Highland for 2016 Virginia Folklife Apprenticeship Showcase

For the first time in its history, the Virginia Folklife Program at Virginia Foundation for the Humanities will partner with Ash Lawn-Highland, the historic home of James Monroe, to pres-ent the annual Virginia Folklife Appren-ticeship Showcase. The event will take place on Sunday, May 15, 2016.

Now in its thirteenth year, the show-case is a free, family-friendly event that highlights the Commonwealth’s folk masters and apprentices from the Vir-ginia Folklife Apprenticeship Program. The event celebrates the traditional music, crafts, and foodways of Virgin-ia, introducing the public to the master

CAAR REAL ESTATE WEEKLY

NEWS & VIEWS

CONTINUED ON PAGE 9

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941 GLENWOOD STATION UNIT 303

• Class “A” accommodations at a reduced rate • 6 offices plus large conference room• 2,483 sf with private bath & balcony• Elevator and plenty of parking

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MLS # 532539, 532537 – FOR LEASE $16.50/SF/YR

Call Bill Howard 434.906.1240 or Robin Amato 434.981.0767

737 JAMES MADISON HIGHWAY

• Commercial development opportunity • At corner of highway 15 & 33 in Gordonsville • Daily traffic count 8,800+ vpd • Great location for a convenience store

MLS # 540604 – FOR SALE $475,000

Call Butch Wilberger 434.531.5560

44A NEW LIFE DRIVE• Climate controlled warehouse, offices & bathrooms• Dock height & drive in doors, 26’ + ceilings• Large paved parking area• Comcast high speed internet

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24 CONESTOGA WAY

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944 GLENWOOD STATION LN

• Class A office condo with 10 offices• Terrace level, private entrance• Below county tax assessment• 4,000+ square feet

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artists and apprentices who keep the tra-ditions alive. This year an expected audi-ence of more than 500 people will enjoy more than ten live musical performanc-es and a dazzling display of engaging demonstrations—from bluegrass to oys-ter shucking—at Ash Lawn-Highland.

Sara Bon-Harper, executive director of Ash Lawn-Highland, said about the new partnership, “We are delighted to have the opportunity to host the Folk-life Program’s Apprenticeship Show-case at James Monroe’s Highland. It is a great fit with our mission, and we look forward to sharing this historic property with the many followers of the Folklife Program.”

Jon Lohman, director of the Virginia Folklife Program remarked, “Ash Lawn has long expressed an interest in hold-ing our event on their grounds, and we couldn’t be happier to partner with them on the 2016 showcase. Ash Lawn is a beautiful place filled with great his-tory. It will help us connect even more people to the experience of Virginia’s traditions and the gifts of today’s living folk masters—tying together our past and present.”

Who: Virginia Folklife Program Mas-ters and Apprentices

What: 13th Virginia Folklife Appren-ticeship Showcase. FREE and Open to the Public.

When: Sunday, May 15, 2016 from 12:00 – 5:00 PM

Where: Ash Lawn-Highland: Home of James Monroe, 2050 James Monroe Parkway, Charlottesville, VA 22902

The Virginia Folklife Apprenticeship Program pairs experienced master art-ists with gifted, dedicated apprentices for one-on-one, nine-month learning experiences, ensuring that art forms are passed on in ways that are conscious of history and faithful to tradition. Be-gun in 2002, the program has worked with more than ninety apprenticeship teams from across the state in music, dance, crafts, food, and word traditions. Through these and other activities, the Virginia Folklife Program “captures the stories of everyday people living ex-traordinary lives,” said Lohman. “From fiddle-making to Piedmont blues, our focus is to keep these traditions vibrant from generation to generation.”

The annual Apprenticeship Showcase celebrates the graduating class of master artists and apprentices and introduces the new class of incoming teams. The 2016-2017 Apprenticeship teams will be announced in March, and the full show-case lineup in April. Many special guest and features are in the works now.

Past Apprenticeship Showcases have featured masters of a diverse array of tra-ditional arts and skills from across Vir-ginia, from decoy carving of the Eastern Shore to cornshuck doll making from the Virginia coalfields. Musical perfor-mances have demonstrated the remark-able breadth of music styles and tradi-tions, including bluegrass, Piedmont blues, gospel, and old time stringband, as well as musical traditions newer to Virginia, from immigrant communities across the world. Traditional foodways presented have included country ham curing, Mexican molé making, canning, fried pie making, and the traditional methods for rendering maple syrup and honey. And each year audience members are treated to genuine Brunswick Stew and Northern Neck oysters, shucked by national champion shuckers Debo-rah Pratt and Clementine Macon of the Northern Neck.

About the Virginia Folklife Program: The Virginia Folklife Program, a public program of Virginia Foundation for the Humanities, is dedicated to the docu-

mentation, presentation, and support of Virginia’s rich cultural heritage. For more than twenty-five years, the program has documented the Commonwealth’s music and material traditions and shared those histories through hands-on work-shops, performances, exhibitions, audio and video recordings, and apprentice-ships across Virginia. For more informa-tion, visit VirginiaFolklife.org.

About VFH: The mission of Virgin-ia Foundation for the Humanities is to connect people and ideas to explore the human experience and inspire cultural engagement. VFH reaches an estimated annual audience of 23 million through the Center for the Book, Community Programs, Digital Initiatives, and Schol-arship. For more information, visit Vir-giniaHumanities.org. n

Got News? Send your newsworthy submisssions to [email protected]

No PDFs please - only text files will be considered.

NEWS & VIEWSCONTINUED FROM PAGE 7

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P A S S I O N, E X P E R I E N C E, I N N O V A T I O N

W W W . M O N T A G U E M I L L E R . C O M

Greene - RuckersvilleDeer Lake Estates. Level, fenced 1 acre lot. SS appliances, eat-in area. Formal DR & LR w/FP. Upgraded MBR suite. Fin bsmnt, rec room/BR area, storage, rough in BA.

www.73doedrive.com$275,000 • Sasha Farmer Team: 434.260.1435

Orange Co - Unionville4 BRs 2.5 BAs. Lg kitchen opens to LR. Screened porch area.Owners suit w/private BA & walk-in closet. 2 dbl garages. Full unfinished basement. Easy commute to town.

www.montaguemiller.com/MLS=542523$295,700 • Kyle Olson: 540.649.4131

Cville - Cherry hillLuxury end unit, hardwoods on main level & stairway. New microwave, kitchen sink and faucet,light fixtures, fresh paint. Deck, fenced yard & side yard. Well maintained.

www.montaguemiller.com/mls=542445$335,000 • Carol Costanzo: 434.962.1419

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Keswick - Gordonsville Road Thoughtfully designed & beautifully maintained home - attractively priced. 27 wooded acres offers complete privacy. Flowing floorplan with high ceilings, generously sized rooms, abundant windows & custom cabinetry. Screened porch & deck overlook pool.

www.montaguemiller.com/mls=542457 $729,000 • Rives Bailey Team: 434.962.1419

Keswick - Hidden Hills5500+ sf home on 2 private acres, cul-de-sac lot in equestrian community w/riding ring. Custom Alexander/Nicholson design. Gourmet kitchen, brkfast bar, custom cabinets, granite counters, great room w/soaring ceilings, stone FP & formal DR. 1st floor MBR suite.

www.119distancourt.com • $725,000 Sasha Farmer Team: 434.260.1435

Cville - Fry's Spring Easy entertaining kitchen & main floor remodel designed by Outlaw Design Co. Refinished hardwoods. Large deck overlooks Azalea Park & Carter Mtn. Full Basement w/den.

www.montaguemiller.com/mls=541941$300,000 • Carol Costanzo: 434.962.1419

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NEWLouisa - Spring CreekSpacious and open 4 BR home built in 2010. Grand 2-story foyer, entertaining kitchen with massive island, home theater. Golf views from deck and stone patio with built-in fire pit.

www.montaguemiller.com/mls=542136$434,250 • Anne Burroughs: 434.422.2242

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Charlottesville - FontanaOver 3400 fin. sf, 1st floor MBR suite & laundry. One level living! Open floor plan w/2 story foyer, 4 add'l BRs, formal LR & DR, beautiful architectural details. Hardwood floors.

www.1974viaflorence.com$425,000 • Sasha Farmer: 434.260.1435

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®500 Westfield Rd Office • 434.793.5393 | 245 Ridge-McIntire Rd - Downtown Office • 434.227.4444

Louisa -Hunters LandingHardwood floors in open-plan first floor. LR gas FP and 9' ceilings. SS kit appliances, brkfast bar, Corian counters; elegant study with wainscoting, arched doorway, tray ceiling.

www.montaguemiller.com/MLS=542530 $289,000 • Jamie White: 434.906.3944

BUMPASS-Beautiful LR/DR floors, wood burning FP, fenced backyard. Close to Lake Anna.www.montaguemiller.com/MLS=539105$189,000 • Brad Williams: 434.989.7721

FORK UNION - charming brick home, slate roof.Nearly one level acre. Woodstove insert in FP.www.montaguemiller.com/mls=517759$134,900 • Carter Montague: 434. 951.7156

CVILLE-Roomy balcony with nice views & lots of natural light. Walk to D'town, shops, restaurants. www.montaguemiller.com/MLS=539411$172,500 • Brad Williams: 434.989.7721

VILLAS AT SOUTHERN RIDGE-2BR/2BA. Top floor, wonderful deck views. Pool, tennis exercise room.www.montaguemiller.com/MLS=541138$115,000 • Kyle Olson: 540.649.4131

Earlysville - Willow GlenBetter than new! Former model home, 4 BRs, 2.5 BAs, DR,gourmet Kit w/SS appliances, gas range, Merrilat cabinetry. 2 story family rm w/indoor/outdoor gas FP. Deluxe patio.

www.2819shannonglen.com$429,900 • Sasha Farmer Team: 434.260.1435

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Palmyra - Lake MonticelloLike new home just inside main gate. Lg LR with gas FP, DR, kitchen opens to large eat in/brkfast nook & deck. Lg laundry room. Upstairs MBR suite, walk-in closet, en suite BA.

www.montaguemiller.com/mls=541905$235,000 • Paul McArtor: 434.305.0361

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Earlysville - Deer RunCharming first floor living, well maintained. Entry room French doors open to lg LR, level yard, front porch, back screened-in porch. Double carport.

www.montaguemiller.com/MLS=542493$264,900 • Anita Dunbar: 434.981.1421

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Lake Monticello-Trane HVAC 2012. Fresh paint. New ceramic floor, carpet MBR, & ceiling fans. Hardwoods.www.montaguemiller.com/mls=541742$229,900 • Carol Costanzo: 434.962.1419

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SCOTTSVILLE-2BR, LR, family rm, den, W/D, ceiling fans, dog door, deck w/gates. 2 wells. Level yard.www.montaguemiller.com/MLS=542027$150,000 • Shann Whited: 434.962.4741

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Louisa - Reedy CreekElegant Colonial on 1.64 ac. Graceful entry foyer, formal LR& DR, study, conservatory, gourmet Kit, lg family rm w/FP.Fabulous MBR w/sitting room. 4 BR, 3.5 BA. 3,856 sq ft.

www.montaguemiller.com/mls=542495$415,900 • Peter Primiani: 434.981.5924

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Cville DowntownOne owner home, convenient location. 2013 AHIP updates-new roof, gutters, on-demand Bosch water heater, plaster repair, insulation, paint ready. $50,200 tax abatement available.

www.montaguemiller.com/mls=542712 $205,000 • Frankie Carl: 757.773.0442

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LOUISA-Open land, pastoral vistas-great opportunity. LR cathedral ceiling, 3BR/2BA, 2 bonus rooms. www.montaguemiller.com/MLS=539118$169,000 • Brad Williams: 434.989.7721

Greene Mtn Lake-Cul-de-sac lot, nearly level yard.Sep.outdoor lower-level, ideal for rental income.www.montaguemiller.com/MLS=541032 $199,000 • Jamie White: 434.906.3944

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In a recent year-end forecast, econ-omist Jonathan Smoke at realtor.com predicted “moderate but solid growth” for the 2016 housing

market with healthy sales expected in the new home sector. He also predicts that for the first time since 2006, total home sales will reach 6 million units.

In terms of who is buying, Millennials, who accounted for more than one third of home sales in 2015, will be active as their finances improve, as will GenXers, many of whom are moving into better jobs and entering their best earning years. At the same time Boomers, who are now empty nesters and entering retirement, are downsizing while securing a stable lifestyle with less overhead.

Meanwhile, Smoke says the credit market has loosened some, making it possible for more first timers and those coming back into the market (after a foreclosure or being forced to sell at a loss) to become homeowners again. Increasing numbers of buyers are taking advantage of very low inter-est rates, and this plus low inventories of resale homes means 2016 may be the best time in many years to be a seller.

Overall our local agents agree with these assessments. Most predict an ac-tive spring market and a year character-ized by steady growth, though perhaps not as much as in 2015.

Several expressed concerns about low inventories and the potential for bidding wars that could make it diffi-cult to be a buyer, especially in popular neighborhoods. Another factor at play is interest rates, which continue to be very low. And whereas they were pre-dicted to rise this year, most recently they actually have gone down making a home purchase even more affordable.

Charlottesville’s Real Estate Market

Tom Pace, managing broker at the Long and Foster Glenmore office, ex-pects this year’s market as “better than last year.” He said sales in Glenmore that are in the $500,000 to $1 million plus range, including new homes and resales, are very strong explaining that at those price points, most of the buy-ers are middle aged or in the retire-ment years. He added that having a Stanley Martin Homes model at Glen-more is a great addition as it “brings people out.”

Michael Guthrie, broker and CEO of Roy Wheeler Realty, Co., predicts 2016 will be a “very interesting year.” He compared the real estate market of recent years to a shallow salad bowl. It lost momentum in 2006-2007, and bottomed out in 2011-2012. Since 2012, the momentum has shifted to climbing out of the other side of the bowl. He predicted that 2016 would be “better than 2015, but not a lot better,”

due in part to the economic uncertain-ty that often accompanies an election year. He expects a few more sales this year, maybe an increase of 6 to 7 per-cent compared to 2015, and these will be accompanied by a small increase in the median sales price.

The mortgage loan process is eas-ing, Guthrie explained. Things got very tight for a while with more se-vere underwriting guidelines, but now there is not as much misuse and things have eased some. One group that has benefitted from the easing of money is builders who now have more access to funds than they did previously.

Rives Bailey, agent and President of Montague, Miller & Co., expects a “ro-bust spring market,” which he believes will get active about the first of March. “Sellers are getting ready,” he said and “lots of buyers are out looking.” He was not alone in expressing concerns about having enough inventory, de-scribing the under $300,000 market as “challenging,” in that respect. He

believes this may force buyers, especially first tim-ers, to look for a home in more outlying areas. His prediction for market growth overall this year was consistent with other views when he stated that he expects it to be “good but not explosive.”

Local professionals are expressing a high level of confidence in the up-coming spring market, explained Greg Slater, As-sociate Broker with Nest Realty and REALTOR® representative for Bra-mante Homes, Inc., and Stanley Martin Homes. He agrees the spring mar-ket may start early this year citing the mild winter. He gave as an example the Crozet market, popular for its scenic views, small town atmosphere and lo-cal schools that makes it attractive to families. He noted that many four-bed-room homes listed in Jan-

uary and February moved fast, many selling in less than a week.

Mortgage Money Available and Low Rates Continue

Interest rates continue at historic lows, and while economic forecasts for the last several years have anticipated an increase, in fact, Slater explained, “in the immediate near term they have gone down.”

Although the loan process is more stringent than it once was, there is money available for first timers and others who have good credit. Most REALTORS® require that a buyer be pre-qualified before they show them any houses, and Lee McAllister, Senior Loan Officer and top producer at Ful-ton Mortgage, is busy pre-qualifying buyers, thanks in part to the low rates.

McAllister recommends that buy-ers meet with their lender in person to discuss the pros and cons of available financing options and consider what she calls “What if” scenarios. These



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Proffit Ridge Phase 2

Currently Selling!

At Dominion Custom Homes, we believe building a home should be a positive experience for our clients throughout the entire process. We deliver on this promise because we listen to your needs, ask questions about your family’s current lifestyle and help you analyze how those requirements may change in the years to come.

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DISCOVER...

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are questions such as “What if you buy a town home, or move into a neigh-borhood with a home owners associ-ation?” “What if you put five percent down instead of three percent?” “What if you live further out and need to bud-get extra money for gas?” Answers to these kinds of questions can help deter-mine the type of financing that is most appropriate in each buyer’s particular situation.

There are low down payment loans available to buyers with good credit, some that allow seller assistance and that don’t require Private Mortgage Insurance, McAllister said, adding that some 100 percent financing programs are also available for medical profes-sionals. Ask your lender for more de-tails and qualification requirements.

The New Construction MarketNew construction is expected to

play a big role in spring market activity and in overall sales for 2016.

Part of the reason for that is the low inventory of resale homes. “People are shopping early and what they want is not there,” Slater said. For those that want to be moved and settled during the summer when school is out, they have to start at least six months earlier. He was pleased with the level of inter-est he saw in December and January,

which bodes well for the coming year.In Old Trail in Crozet, for example,

he worked with four families that made lot reservations in the last three weeks. These are people who want to reserve the lot of their choice while they decide what to build. He described this kind of activity as both exciting and scary — scary because of the potential for a market characterized by multiple of-fers on homes and what that means for buyers. With that kind of competition agents need to be “on their game,” he said in order to do a good job of serv-ing their buyers.

The level of interest has “defrosted the holdup of lots,” and brought com-munities online that were approved prior to the recession but never real-ly developed, Slater said. For exam-ple, Whittington is a community of $600,000+ new homes less than three miles south of Charlottesville where Slater first took a lot reservation way back in 2007. Thanks to the recession, though, the community wasn’t devel-oped until 2015. Today Stanley Martin Homes has a decorated model there and they have just opened Phase 2.

The current market also has brought smaller builders back into play, Guth-rie explained. Unlike the subdivision builders, these are the ones who have the resources to build on just one or two lots at a time.

Like the agents, McAllister says, “New construction continues to be busy.” She explained that people she has been talking to for months about Construction-Perm loans are now ready to build, taking advantage of low rates and concerns about rising home prices.

New Construction Impacts Resale Homes

The lack of inventory in resale homes has a direct bearing on the de-mand for new construction. At the same time, the availability of more new homes affects the resale market as well.

“There has been a quantum shift in technology,” Bailey said in describing new construction. “Houses are more energy efficient and the design is dif-ferent compared to older homes,” he added. He described new homes as more open with less formal floor plans. “Their function and functionality is different.”

This can make them more expensive, but Bailey explained that people recog-nize they can live there longer without replacing anything major like the roof or the HVAC system. There are also of-ten substantial energy savings available with a new home. A well built home can save the owner as much as $300 a month on their utility bill, the equiva-lent of $60,000 more mortgage.

With more new homes available, sellers of existing homes will “need to get them in very updated condition to compete with new construction,” Pace said. Guthrie agrees stating that “the resale market is very price sensitive and homes need to be in great condition,” to sell quickly.

Spring BuyersJust as at the national level, local

agents are seeing Millennials enter the market.

Many of the younger buyers want to be close to activities at the Downtown Mall, Pace said. There is also a lot of interest in the new 5th Street Station featuring the new Wegmans grocery store. He is working with three dif-ferent sets of younger clients who pur-chased near there for that reason. Two moved here from Northern Virginia, another from Texas.

He is also working with another Mil-lennial buyer, currently in law school, who recognizes the long-term invest-ment value of buying a home in this area. He and his wife plan to live there until he finishes school, and then if they relocate, will turn it into a rental property.

“The Millennials are a social group,” Bailey said. They like to be close to ser-vices, shopping and restaurants. Living close to town and walkability are im-portant for this group.

Wake Up

Pick up the Real Estate Weekly at hundreds of locations to find out what’s available in the Central Virginia housing market. Or, log onto www.caar.com to view our online flipbook

If you don’t pick it up, you don’t know what you’re missing!

Real Estate Weekly

CA

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Buying or Selling a home?

& smell theCoffee!

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Another group of active buyers are the Boomers. Many of these are the folks who moved out to the country to live on five acres, Bailey explained, but now don’t want all the maintenance. They are now selling and moving back to the urban areas, joining the Millen-nials in wanting to be close to town.

If you are a homeowner and think-ing about moving, this may the year you have been waiting for. Take ad-vantage of the active spring market by calling your agent and getting advice about what you need to do to get your house ready for the market. If you are a buyer, take advantage of the oppor-tunity you have today to lock in very low interest rates and purchase a home before prices begin rising in earnest. n

Celeste Smucker is a writer, blogger and au-thor who lives near Charlottesville.

Michelle Pike 434-964-7125 ProffitRidge.com

• In town location

• Albemarle County

• Exquisiste 2-7 acre homesites

• Stunning mountain views

• Sites ready for your new home

Courtney Sargeant434.293.4319

office434.962.3100

mobile [email protected]

House Hunt With A Native

WWW.LORINGWOODRIFF.COM W W W. S H A N N O N T H O M A S R E A L E S TAT E . C O M

Building relationships through dedicated real estate service.

Shannon ThomasREALTOR®

434.882.1761 [email protected]

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When it comes to financing your home, finding an expert is important. If you’re 62 or older you can qualify for a reverse mortgage, but where can you find an expert in such transactions? John O’Connor, the Reverse Mortgage Doctor, specializes in this product, making him an expert in the field.

O’Connor opened this branch of American Nationwide Mortgage Company five years ago and specializes in reverse mortgages for senior citizens.

“With over 10 years experience in helping literally hundreds of people obtain a reverse mortgage, I felt it was important to concentrate on our core business, and specializing in something means to not get sidetracked by offering additional types of products that you are not an expert in servicing,” O’Connor says.

Reverse mortgages are a special type of federally insured loans that allow seniors to convert the equity in their homes into cash, he notes. All proceeds are tax free and do not affect Medicare or Social Security benefits, he adds. To qualify for a reverse mortgage, homeowners must be 62 years old or older,

have equity in their homes and meet minimum financial qualifications.

Additionally, no payments are due on a reverse mortgage for as long as one of the homeowners is still living in the home, he says. “The reverse mortgage will be paid back after the home is sold whether that is in the homeowners’ lifetime or upon their heirs settling the estate,’ O’Connor adds.

O’Connor helped his parents find the correct reverse mortgage 17 years ago, researching the products to find the right kind—even before he started in the industry. His mother still lives at home and enjoys the benefits of a reverse mortgage.

“At first, I was skeptical about the product, but after speaking to many people—and doing my due diligence—I found that the reverse mortgage is a viable product for seniors who want to keep up with expenses, pay off debts and increase their quality of life,” he says.

O’Connor says the number one misconception about reverse mortgages is that the lender takes the deed to the property, which is not the case. “The homeowner remains on the deed just like with a regular, conventional mortgage.”

American National Mortgage is a lender that funds, underwrites and closes in its own name. “We are not a broker or middleman in the transaction who has to know three or four different lender underwriting standards, which makes the process simple for everyone,” he adds.

Clients deal with O’Connor from start to finish—ready to answer any questions that arise during the process. “I will take the time to meet with you in your home or at my office, review the appraisal and will even attend the closing with you,” he notes. “Most of my work is done in Central Virginia, although I’ve helped people from all over the country.”

But one thing he won’t do is pressure clients. O’Connor says he offers no-obligation meetings with clients. “I don’t come to the house with documents to sign,” he says, “or pressure anyone with sales calls.”

“I am there with my clients from start to finish, meaning I will be there to go over information, take the application and answer all questions along the way,” he says. “People can feel secure in knowing that they will be dealing with a mortgage professional who understands what it means to provide customer service.”

O’Connor has a website to helpclients through the process:

www.TheReverseMortgageDoctor.com.American Nationwide Mortgage

Company is at 5690 Three Notched Road in Crozet.

Contact O’Connor at

(434) 249-4080or [email protected]

When it comes to financing your home, finding an expert is important. If you’re 62 or older you can qualify for a reverse mortgage, but where can you find an expert in such transactions? John O’Connor, the Reverse Mortgage Doctor, special-izes in this product, making him an expert in the field.

O’Connor opened this branch of American Na-tionwide Mortgage Company four years ago and specializes in reverse mortgages for senior citi-zens.

“With my 10 years’ experience in helping literally hundreds of people obtain a reverse mortgage, I felt it was important to concentrate on our core business, and specializing in something means to not get sidetracked by offering additional types of products that you are not an expert in servicing,” O’Connor says.

Reverse mortgages are a special type of federally insured loans that allow seniors to convert the eq-uity in their homes into cash, he notes. All pro-ceeds are tax free and do not affect Medicare or Social Security benefits, he adds. To qualify for a reverse mortgage, homeowners must be 62 years old or older, have equity in their homes and meet minimum financial qualifications.

Additionally, no payments are due on a reverse mortgage for as long as one of the homeowners is still living in the home, he says. “The reverse mortgage will be paid back after the home is sold whether that is in the homeowners’ lifetime

or upon their heirs settling the estate,’ O’Connor adds.

O’Connor helped his parents find the correct re-verse mortgage 17 years ago, researching the prod-ucts to find the right kind—even before he started in the industry. His mother still lives at home and enjoys the benefits of a reverse mortgage.


O’Connor says the number one misconception about reverse mortgages is that the lender takes the deed to the property, which is not the case. “The homeowner remains on the deed just like with a regular, conven-tional mortgage.”

American National Mortgage is a lender that funds, underwrites and closes in its own name. “We are not a broker or middleman in the transaction who has to know three or four different lender underwriting stan-dards, which makes the process simple for everyone,” he adds.

Clients deal with O’Connor from start to finish—ready to answer any questions that arise during the process. “I will take the time to meet with you in your home or at my office, review the appraisal and will even attend the closing with you,” he notes. “Most of my work is done in Central Virginia, although I’ve helped people from all over the country.”

But one thing he won’t do is pressure clients. O’Connor says he offers no-obligation meetings with clients. “I don’t come to the house with docu-ments to sign,” he says, “or pressure anyone with sales calls.”

“I am there with my clients from start to finish, meaning I will be there to go over information, take the application and answer all questions along the way,” he says. “People can feel secure in knowing that they will be dealing with a mort-gage professional who understands what it means to provide customer service.”

O’Connor has a website to help clients through the process:

www.TheReverseMortgageDoctor.com. American Nationwide Mortgage Company is at

5690 Three Notched Road in Crozet.Contact O’Connor at

(434) 249-4080 or [email protected].

434-249-4080 • 866-201-4897TheReverseMortgageDoctor.com

[email protected] Three Notched Road • Crozet

NMLS ID# 372644, MLO# 8039VA, Virginia State Corporation Commission MC-2457

JOHN O’CONNOR

Reverse Mortgagesfor Senior Citizens

Contact John for a no pressure meeting.

A Reverse Mortgage can significantlyincrease your quality of life inretirement years by eliminating debtand providing funds to keep up withthe cost of living.

Please feel free to contact me to discussanytime or schedule to meet in my officeor in the privacy of your home. Allmeetings are absolutely no-obligationand confidential.

The Reverse Mortgage DoctorBy Terry Beigie

When it comes to financing your home, finding an expert is important. If you’re 62 or older you can qualify

for a reverse mortgage, but where can you find an expert in such transactions? John O’Connor, the Reverse Mortgage Doctor, specializes in this product, making him an expert in the field—the one to go to.

O’Connor opened this branch of American Nationwide Mortgage Company two years ago and specializes in reverse mortgages for senior citizens.

“With my experience in helping literally hundreds of people obtain a reverse mortgage, I felt it was important to concentrate on our core business, and specializing in something means to not get sidetracked by offering additional types of products that you are not an expert in servicing,” O’Connor says.

Reverse mortgages are a special type of federally insured loan that allows seniors to convert the equity in their homes into cash, he notes. All proceeds are tax free and do not affect Medicare or Social Security benefits, he adds. To qualify for a reverse mortgage a homeowner must be 62 years old or older and have equity in their home. Credit scores are not looked at, and job and income verifications are not necessary, he adds.

Additionally, no payments are due on a reverse mortgage for as long as one of the homeowners

is still living in the home, he says. “The reverse mortgage will be paid back after the home is sold whether that is in the homeowners’ lifetime or upon their heirs settling the estate,” O’Connor adds.

O’Connor helped his parents find the correct reverse mortgage about 15 years ago, researching the products to find the right kind—even before he started in this industry.


O’Connor says the number one misconception about reverse mortgages is that the lender takes the deed to the property, which is not the case. “The borrower remains on the deed just like with a regular, conventional mortgage.”

American Nationwide Mortgage Company is a lender who funds, underwrites and closes in its own name. “We are not a broker or middle man in the transaction who has to know three or four different lender underwriting standards, which makes the process simple for everyone,” he adds.

Clients deal with O’Connor from start to finish—ready to answer any questions that arise during the process. “I will take the time to meet with you in your home or at my office, review the appraisal and will even attend the closing with you,” he notes. “Most of my work is done in Central Virginia and most of that business comes from the greater Charlottesville area, although I have helped people from all over the country.”

But one thing he won’t do is pressure interested clients. O’Connor says he offers no-obligation meetings with clients—either in their homes or his office.

“I am there with my clients from start to finish, meaning I will be there to go over information,

take the application, answer all questions along the way and will even attend the closing with them,” he says. “People can feel secure in knowing that they will be dealing with a mortgage professional who understands what it means to provide customer service.”

O’Connor has a new website to help clients through this process: www.TheReverseMortgageDoctor.com. American Nationwide Mortgage Company is at 5690 Three Notched Road in Crozet. Contact O’Connor at (434) 249-4080 or [email protected]

Let John O’Connor Help With Your Reverse Mortgage

Let John O’Connor, the Reverse Mortgage Doctor, help you with your reverse mortgage.

Paid AdvertisementPaid Advertisement

NMLSID #372644MLO #8039VAVirginia State Corporation Commission NC-2457











































www.TheReverseMortgageDoctor.com 5690 Three Notched Road, Crozet VA


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50 Ash LaneCorner of Ash Lane & Devils Knob Loop on a double lot, & spectacular year-round mountain views, & gorgeous interior details. Sauna, indoor hot tub, multiple living areas, his/hers master baths, & a top floor w/ 280° views are just a few of the features that make this offering special. $749,000. Contact Brian Chase www.goWintergreen.com 434-296-9860 (512525)

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The Official Real Estate Company of Wintergreen Resort

The Mountain InnP.O. Box 706|Wintergreen, VA 22958

Toll Free 866-905-9777Office 434.325.8018

Fax 434.325.8017wintergreenresort.com

[email protected]

Visit Wintergreen’sOfficial Real EstateOffice Located In The Mountain Inn

76 Crab Orchard LaneOne of Wintergreen’s finest w/views of Shenandoah Valley distant mountains. Custom built w/5BR, 4.5BA 2 car garage, soaring great room w/cathedral ceiling, den & more. Gourmet kitchen & open dining area great for entertaining. Lots of deck space, retractable awning, security system, stone FP, central a/c, gas heat, KitchenAid gas range, & hardwood floors. Private lot on quiet cul de sac. Guest suite above garage. $724,500. Contact Steve Marianella, 434-566-1293, [email protected] (541417)

56 Laurel Springs DriveGreat location overlooks 11th hole of Devils Knob private golf club. 4BR, 3.5BA w/level paved drive, plenty of parking, $5K allowed for granite in Kitchen. 2 master suites w/FP + another FP in open great room. Hdwd floors throughout main living, vaulted ceiling, open layout. Large decks, walk to spa, dining & Devils Knob Golf & Tennis Center. $359,000. Call Steve Marianella 434-566-1293 [email protected] (542647)

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245 Timbers CondosNicely maintained slope side studio sold furnished & ready to enjoy this ski season. Full bath, kitchenette & BR, overlooking the Dobie slopes & Crawford’s mtn nature preserve. Walk to mountain village amenities, restaurants, shops & year round activities. Ready to enjoy or invest as a rental unit with exc rental potential. Timbers Condos lowest condo fees at Wintergreen. $64,000. Contact Steve Marianella 434-566-1293, [email protected]. (541315)

19 Rock Dove LaneBrand new construction by Solid Rock Properties. 2400 sq.ft, 4 BR, 3 full BA w/walk-out basement. Spacious floor plan, gourmet kitchen w/hickory cabinets, granite counters, & stainless appl. Master BA has tiled shower, glass enclosure, double vanity. All Pella windows & doors, hardwood floors, hardi-plank siding, & 50 year roof. 1 year warranty. $349,000. Call Rod Phillips 434-987-6399. (541411)

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184 Mountain Inn CondoTerrific condo is the ultimate in flexibility, offer-ing one of the largest floor plans available in the Mountain Inn & being one of the few Mountain Inn units with a deck. Renovated & updated, unit is in excellent condition & boasts winter mountain views. $102,500. Contact Brian Chase www.goWintergreen.com 434-296-9860 (542007)

134 Eagles Court CondoBest of what the mountains have to offer. True ski in/ski out location…1st level walk-out to Eagles Swoop. Beautiful mountain vistas from this 2BR, 2BA condo. Very open floor plan w/cozy FP. Great location - across from the WTG market, ameni-ties & dining. Tastefully furnished. Great rental potential if desired. $164,900. Call Rod Phillips 434-987-6399. (541716)

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194 Mountain Inn CondoGreat investment rental rated Gold in Wintergreen Resort Rental Program. New baths, kitchen & furniture. Walk to restaurants, ski slopes, skating rink, music & craft events & festivals, conference & meeting areas. Gross rental revenue over $19K/ year both ’13 & ’14. Exterior upgraded w/fiber cement siding. Invest now, prices at 15 yr lows! Owner financing avail. $73,900. Contact Steve Marianella 434-566-1293 [email protected] (530732)

415 Pedlars Edge DriveLuxury 5BR custom, being built by Shenandoah Valley Constr. w/seasonal mtn views & quiet wooded setting. Ready for your interior finishes & customizations. 2 family rooms, 3,700 sq.ft. & att. garage. Enjoy 2,500 sqft of expansive decking! Hot tub, steam shower, wet bar, 2 wine coolers, granite counters, 2 FP, stainless appliances and custom tile work. Pre-wired for sound, security system, generator & smart house system. $659,000. Contact Jon Tsakis for details 540-836-9211. [email protected] (541454)

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438 Three Ridges CondoJust across from Dobie condos & only a minute walk to the ski slopes, this 2BR Three Ridges condo has everything the ski-front condo has except the pre-mium price! Granite counters in kitchen; tile floors in the baths; plus, some of the cheapest condo dues at Wintergreen! $116,900. Contact Brian Chase www.goWintergreen.com 434-296-9860 (538283)

1462 Ledges CondoReach for the stars from this tastefully furnished condo w/million dollar mountain views. New in 2015: Slid-ing glass door, deck, A/C condensing unit, TV over FP, blinds, clothes dryer, paint, bead-board under kitchen bar. Two generous bedrooms and 2 full baths. $159,000. Contact Brian Chase www.goWintergreen.com 434-296-9860 (541614)

601 White Oak CondoComplete ($90K+) modern remodel w/warm, moun-tain chalet details: Gutted to the studs & reconfigured from the ground up. Redesigned by Italian Architect; calculations provided by local engineer; custom steel and wood work produced by Charlottesville fabrica-tors. Walk to Mountain Inn & ski slopes. $185,000. Contact Brian Chase www.goWintergreen.com 434-296-9860 (541799)

1637 Overlook CondosEnjoy your relaxing morning stroll from this beautifully decorated Ground Floor Walk - Out. Full wrap around deck w/entrances from living rm & Master BR. Open floor plan w/renovated kitchen & baths. Granite countertops! Tile Back Splash! Stainless Appl! New Paint. Too many extras to mention! Short walk to Golf & Tennis centers & Devils Knob Grill. Shuttle Route Service! Full year View! $220,500. Call Tim Craig 540-416-8498. (541575)

519 Blackrock CircleGreat location in the Blackrock area of Winter-green. Near the Mountain Inn, skiing, Winter-green Market, & many hiking trails. Priced to sell under $250k in this desirable location. 3BR, 2 full baths, high ceilings, great room, open floor plan & comes fully furnished. Beautiful level lot w/ lots of natural plant life. $175,000 Call Rod Phillips 434-987-6399. (527658)

1591 Vistas CondosBreathtaking views of the Rockfish Valley and Wintergreen slopes from this furnished one bedroom, 2 bath condo. Great location near Devils Knob Golf & Tennis, Winter-garden Spa & Black Bear cafe. New carpet. Large family room w/raised hearth FP, full kitchen & laundry, central air/heat. Walk out patio off family room & BR. Ready to enjoy this season or continue as a rental unit. All new ex-terior upgrades.Contact Steve Marianella, 434-566-1293, [email protected] (541563)

1445 Beacon Hill LaneWESTERN ALB SCHOOLS - So hard to find! 3.89Ac mostly wooded-level lot in Signal Hill- an attractive, es-tablished small development. Convenient to Crozet & to Waynesboro/Fishersville. BOARD YOUR HORSE - Community covenants allow for the boarding of 1 horse! Bring your builder or work w/HIGH QUALITY bldr -Shenandoah Valley Constr - to build a CUSTOM RESIDENCE of your choice. $84,500 Call Jon Tsakis 540-836-9211. (541455)

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MCLEAN FAULCONER INC.Farm, Estate and Residential Brokers

WWW.MCLEANFAULCONER.COM

503 Faulconer DriveCharlottesville · VA · 22903p: 434.295.1131 f: 434.293.7377e: [email protected]

FARMINGTON Elegant residence, circa 1931. Unique, 4 bedroom, 5 bath, 6,800+ finished sq. ft. home, meticulously maintained and in “turn-key” condition. Situated on 2.6 acres adjacent to the 16th Fairway. MLS#533998 $3,495,000 Andrew Middleditch 434.981.1410

IVY AREA Exceptional, European-style manor home with guest cottage, garage with office, on 22-acre private setting with panoramic Blue Ridge views, river frontage, and pond. Only 10 miles out. MLS#541887 $2,095,000 Jim Faulconer 434.981.0076

FARMINGTONElegant, 4 BR brick home with over 6,400 finished sq. ft. on 2 levels. Spacious living & family rooms, superb kitchen, porch overlooking beautifully land-scaped grounds, pool & golf course. MLS#532683 $2,495,000 Steve McLean 434.981.1863

SOUTH IVY Classic, brick Georgian on 3 acres moments from Murray Elementary. Superbly built, 4-bedroom home showcases a family-friendly floor plan with premium finishes, and great outdoor spaces. MLS#540799 $1,585,000 Steve McLean 434.981.1863

WATERHOUSE Charlottesville’s premier, upscale condominium com-munity located one block from the Historic Down-town Mall. 15 residences ranging in size from 956 to 4,268 finished sq. ft. Steve McLean 434.981.1863 or visit:www.waterhousecharlottesville.com

EDGEWOOD LANE Country French home on a 0.37 acre lot in a Uni-versity of Virginia neighborhood. Formal rooms, gourmet kitchen, fireplace, hardwood floors, with 6 bedrooms and 3 baths. MLS#529646 $995,000 Judy S. Campbell 434.466.6688

OUT THERE FARM Charming, immaculate, 4 bedroom farmhouse in a private valley on 106 acres at the base of the his-toric Southwest Mtns. Stunning views of open fields, small lake and mountains. MLS#530554 $1,950,000 Charlotte Dammann 434.981.1250

HEART OF IVY CONTEMPORARY Architect-designed home with 4 bedrooms, 2 baths, great room with with fireplace, gourmet kitchen/fam-ily room with fireplace, several decks, and a private 2-acre, landscaped yard. MLS#539542 $559,900 Tim Michel 434.960.1124

FARMINGTON French inspired home with lovely public and private areas. Main level has dramatic great room with fireplace, sun room, spacious eat-in kitchen, library with fireplace, and master suite. Walkout lower level with 3 BR, 2 BA, family room, garage, covered porch and terrace—-could be in-law quarters or guest suite. Very attractive and private near the end of a cul-de-sac on 5.4 beau-tiful acres. $1,285,000. MLS#542164 Jim Faulconer 434.981.0076

FARMINGTONStunning residence offers over 6,880 finished sq. ft. of living space, with 6 bedrooms, 5 full baths, 2 half baths, professional kitchen, 1st floor master, formal living room, dining room with wet bar, game room, 3 fireplaces, elevator, generator, media room, wine cellar. Outdoor living spaces include screen porch and brick terrace to enjoy the 6.6 landscaped and private acres. MLS#523345 $2,385,000 Andrew Middleditch 434.981.1410

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MCLEAN FAULCONER INC.Farm, Estate and Residential Brokers

WWW.MCLEANFAULCONER.COM

503 Faulconer DriveCharlottesville · VA · 22903p: 434.295.1131 f: 434.293.7377e: [email protected]

JAMES RIVER FRONTAGE! Contemporary residence with 3 bedrooms and 3.5 baths perfectly sited on an 11.61-acre bluff overlook-ing the James River. Stunning great room and huge deck with magnificent views! MLS#530515 $455,000 Will Faulconer 434.987.9455

REDBUD FARM Excellent candidate for a conservation easement! 169+/- acre, rolling farm straddling the Greene and Albemarle county lines with Blue Ridge views, 2 lakes, and Lynch River frontage. MLS#530570 $1,350,000 Tim Michel 434.960.1124

OCTONIA HIGHLANDS Wonderful preservation community offering 21 es-tate parcels ranging from 2 to 3.25+/- acres. Protect-ed area within close proximity to Charlottesville that is private, and very scenic! $95,000–$175,000. Steve McLean 434.981.1863

FRYS PATH73+/- acre estate parcel in Southern Albemarle. Gently rolling pastures, magnificent Blue Ridge Mountain & pastoral views, gorgeous rural setting, privacy, excel-lent building sites, with pond & creek. MLS#536922 $1,200,000 Steve McLean 434.981.1863

FAIRWAY DRIVE Keswick Golf Course parcel. Surrounded on two sides by the Peter Dye Golf Course, this 2.4 acre building lot represents the best value in Keswick. Priced to sell! MLS#503871 $420,000 Tim Michel 434.960.1124

SECRETARYS SAND ROAD Private 354+ acres of gently rolling land in an area of estate properties located 25 minutes south of Char-lottesville. 100+ open acres, year round streams, pond, log home. MLS#534895 $1,770,000 Steve McLean 434.981.1863

HOLLY HILL Quintessential cottage in Ivy on 3+ acres. Updated, light-filled and comfortable with 3 BR and 2.5 BA. From the rear deck enjoy privacy and serene views of the yard and stocked pond. MLS#534685 $329,000 Charlotte Dammann 434.981.1250

HIGHTOP DRIVE 37+ acre lot in Bundoran Farm with an elevated, level building site and commanding views of surrounding pastures and neighboring parcels that are protected by conservation easement. MLS#505892 $985,000 Steve McLean 434.981.1863

COLLINA 113 pristine acres, 14 miles northeast of Charlot-tesville, with pastures and forest and an elevated pla-teau for a spectacular homesite with panoramic Blue Ridge views! MLS#530335 $1,490,000 Jim Faul-coner 434.981.0076

HIDDEN HILLS Beautiful 6.2 acres conveniently located to Charlot-tesville and UVA. Cleared area for residence sur-rounded by established hardwood trees. A lovely spot to build and enjoy your new home. MLS#475441 $149,900 Charlotte Dammann 434.981.1250

OLD BROOK ROAD Wonderful, 4.15 acre vacant lot in established com-munity off of Rio Road. This rare find is zoned R-2. MLS#510501 $450,000 Steve McLean 434.981.1863

ESMONT ROAD Wonderful, wooded 12.75+/- acre parcel bordering Totier Creek with complete privacy in southern Al-bemarle. Only 10 minutes to Scottsville and 20 min-utes to Charlottesville. MLS#516801 $30,000. Steve McLean 434.981.1863

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Most regional and national forecasts predict 2016 will be a great time to in-vest in commercial real estate. Unfor-

tunately, most average investors don’t have the resources to purchase an office building or strip center and even if they did, many would still lack the means, expertise and experience to develop and manage it profitably.

Fortunately, there is an alternative. Investors who want to own commer-cial real estate can purchase shares of a REIT, or Real Estate Investment Trust. While some REITs are in the mortgage business, most are companies that deal in the actual negotiation and purchase of properties and have the expertise to find, develop, manage and resell them. While some are private, many REITs are registered on the stock exchanges where investors can purchase shares

just as they would corporate stock or a mutual fund.

In return, investors receive income from REIT owned properties, which can be substantial. To be in good standing with the IRS, the REIT is required to dis-tribute 90 percent of its taxable income to shareholders including both appre-ciation earned on the sale of properties and lease income. Because the company distributes most of its income, it is ex-empt from paying corporate taxes. In-stead the shareholder who receives the income pays the taxes on it.

An example of a REIT operating in our local area is Federal Realty In-vestment Trust, a national company that owns and manages Barracks Road Shopping Center and 29th Place (for-merly Shoppers World) with a local management and marketing team based at the Barracks Road location.

Investors that purchase shares of this REIT have the opportunity to par-ticipate in the growth in our local com-mercial market as well as that of other places in which this company is active. At the same time, unlike an investor that owns one building or shopping center, their risk is limited by the diver-sification inherent in this kind of in-vestment. Not only are there a variety of different kinds of retail properties within individual centers, but there is geographic diversification as well.

For example, Deidre M. Johnson, Vice President of Asset Management for Federal Realty, described the type of property this company owns and man-ages as well as its geographic diversifi-cation when she said, “Federal Realty Investment Trust is a recognized leader in the ownership, operation and rede-velopment of high-quality retail based properties located primarily in major coastal markets from the Mid Atlantic to Boston as well as San Francisco and Los Angeles.”

She added that, “A great benefit of having Barracks Road Shopping Cen-ter and 29th Place owned by a publi-cally traded REIT, is the opportunity to invest in local shopping centers within your community while having the di-versification offered across the Federal Realty Portfolio.”

Investors who purchase shares of REITs also benefit in other ways com-pared to going it alone. Two big ones are liquidity and limited liability. Since shares of REITs are sold on the stock exchanges an individual’s investment is relatively liquid, and liability is limited to the share cost. This is in contrast to the investor who purchases a strip cen-ter or office building and has the open ended and ongoing expense of upkeep including labor and capital costs, as

well as responsibility for management of an asset they may or may not be able to sell quickly.

The overall management (and the skill with which leases and other con-tracts managed by the REIT are negoti-ated and enforced) directly impacts the success of each project, and is reflected in the shareholders’ income. Federal Realty has an impressive track record in this regard. According to Johnson, “Federal Realty has paid quarterly div-idends to its shareholders continuous-ly since its founding in 1962, and has increased its dividend rate for 48 con-secutive years, the longest record in the REIT industry.”

REIT management expertise also impacts on the experience of con-sumers who shop at and work at each project. For our local centers, Johnson said, “Federal Realty’s national pres-ence, paired with its local manage-ment, brings the best of both worlds together by leveraging an attractive balance of national, regional and local retailers for a best in class shopping ex-perience.”

Of course, REIT managed projects also make a substantial contribution to the local economies in which they operate through employment oppor-tunities and the generation of tax reve-nues for the municipality. In addition, when local people invest in these proj-ects, at least a portion of the dividend income stays at home.

Many REITs also contribute local-ly by practicing sustainability, a big trend in this industry today, and one that also pays big dividends to share-holders. For example, often these com-panies take the lead in demonstrating the profitability of green practices in a wide variety of ways. An article at REIT.com highlights some of the efforts of Federal Realty to work directly with their tenants to increase sustainability practices. These include water saving measures in California, building to LEED standards in Massachusetts, use of solar powered cell phone charging stations, and a roof-top farming proj-ect in Maryland that raises crops for a local restaurant.

If you like the idea of participat-ing in the growth of local real estate, and are looking for an investment that pays consistent income and has a positive impact on the local economy, talk to your financial advisor about in-vesting in a REIT. It may be just what you need to round out your portfolio at a time when predictions about the growth of commercial real estate are very positive. n

Celeste Smucker is a writer, blogger and au-thor who lives near Charlottesville.

REITs Promote Investment in Local Communities


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Each Office is Independently Owned and Operated 417 Park Street Charlottesville, VA 22902

QUARRY ROADGreat city townhouse with 2 car garage and good storage. Bright open great room with fireplace and hardwood f loors. 3 bed-rooms and 2 1/2 baths. Kitchen offers lovely island, gas range and stainless appliances. Low HOA fees and utilities. $279,900

RUSTIC WILLOW LANEA special floor plan with 2 bed-rooms and 2 full baths on the first floor. Another master suite on the second floor as well as a sitting area. Features include; 9’ceilings, hardwood floors, fireplace, great room with French doors and a one car garage. Set at the end of a quiet cul-de-sac. $269,900

SHARON DONOVAN434.981.7200Native of C-ville with 25+ years of local Real Estate Experience.

CALL SHARON

OLD LYNCHBURG ROADA historic home built around 1900 remodeled in the 70’s and again in 2003. First floor master suite addi-tion and garage addition with apart-ment above. Set on 2 wooded acres less than 5 min to downtown and the University. Private yet adjacent to residential neighborhoods. Unique covered side terrace. Towering trees and a garden spot add to the charm of this home. $499,900

RING SONJA

SONJA CASERO434.981.3523

Multi-Million Dollar Top Producer for over 20 years.

A GARDENER’S PARADISE Adjoining beautiful Mallard Lake is this lovely home with master bedroom on the main level, and huge unfinished base-ment for you to customize the way you want it. Home of a Master Gardener, you will be amazed at the variety of flower-ing trees and bushes and perennials and quiet sitting areas beside the fishpond that have been for your enjoyment. Open, bright f loor plan. 4 BR, 3.5 baths. The quality shows! $525,000

SOLD!

(800) 361-5155 • (434) 361-2440

www.MountainAreaRealty.com

2788 Rockfish Valley Highway • Nellysford, VA 22958

Glass Hollow Parcel Located in Afton, this 174.40-acreparcel of private ATV and hiking trails is perfect forrecreational use. Hunting cabin on land located next topond is “as is,” with no value in this sale. Cabin hasfireplace, living, dining, kitchen area and electricity.“Outhouse” in place behind the cabin. Enjoy themountain trails for hiking, hunting and just relaxing. Hike to the mountaintop that adjoins National Park.Convenient to Wintergreen, Charlottesville and I-64.Priced below assessment of $930,600. $599,900

420 Love Road Situated on 30+/– acres is this hand-hewn,craftsman log cabin set among mature trees and borderingthe George Washington National Forest. Great room featuressoaring ceilings, wood stove fireplace, chestnut flooring, anda newly renovated kitchen. Main-level master suite withdirect deck access. Lovely sunroom with large windows. Deckand porches wrap around 3 sides of the home. Lower level contains an additional bedroom with afull bath, and a separate workshop. Perfect for a getaway or full-time living! $374,900

687 Adial Road What is on your wish list? Water, views,acreage, proximity to Charlottesville? Look no further!Own 56 scenic acres with around 2,000 feet of RockfishRiver frontage, phenomenal mountain views, plenty ofopen pasture for horses/livestock, and a classic farmhousewith barns. Multiple division rights and river andmountain view building sites. 30 minutes to Charlottesvilleand 5 minutes to Nellysford shops and Wintergreen

Resort activities. A-1 zoning offers opportuntities such as farm, winery, brewery, etc. $525,900

GINGER SLAVIC434-981-0118www.GingerKnowsRealEstate.comgaslavic@cs.comLicensed to Sell Real Estate in the Commonwealth of Virginia ®

New Construction

376 Sienna Lane, Earlysville - MLS# 536601 $497,900THE VILLAGE AT CHESTNUT GROVE

• ONE LEVEL HOME plus unfinished basement• 4 large bedrooms, 3 Baths• Large Kitchen with a breakfast room• Open floor plan, wonderful finishes• Over 2,300 fin sq feet, 3.06 Acres• Completion expected April 2016

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IF YOU ARE LOOKING for a location within walking distance to the Shops at Stonefield and Barracks Road while living in a quite treed community then look no fur-ther. This well maintained home boasts a newly renovated kitchen and 5BR/3BA and a basement suitable for apart-ment living on a private treed rear yard. $373,000. Mike Plecker, 566-3372. (536280)

ENJOY LIVING in the beautiful town of Orange where you can walk to downtown restaurants, shops, and food stores. This partially remodeled 4 bedroom, 2 bath home is ready for your furniture. The old charm of this home is reflected in the style for this home with its hardwood floors and other amenities such as a new heat pump in 2014. $134,900. Lee Wyatt, 540-718-3065. (535857)

BEAUTIFULLY SITED ON OVER 3 ACRES in Min-eral! No HOA or WATER or SEWER bills. TO BE BUILT with over 70 floor plans to choose from. Pick your floor plan, carpet, tile and more. THE ROSS with 4 bedrooms, 2.5 baths, large great room, eat-in kitchen & 2 car garage. $210,750. [email protected] Susan Stewart 434-242-3550. (532569)

CRAFTSMAN STYLE three bedroom with study or fourth bedroom. 2417 sq. ft. Extensive builder up-grades. Welcome to a new kind of neighborhood and a new kind of lifestyle right around the corner from one of the best cities in the country. From $465,900. The “YES” Team, Yonna & Keith Smith. 531-0817/531-0795. (527811, 535733)

ONE LEVEL HOME IN NORTHRIDGE. Interior freshly painted, new carpet in bedrooms (3), hardwood floor in living room, 2 baths, detached garage and fenced courtyard. Just over the Greene County line from Northern Albemarle. $279,900. MatthewWood-sonProperties.com 960-5187. (541514)

NICE DOUBLEWIDE, move-in condition in de-sirable area convenient to Charlottesville. One level living with 3 bedrooms, 2 baths on three acres at the end of a cul-de-sac in a quiet neighborhood. Close to the mountains with year-round activities. $179,900. Lee Wyatt, 540-718-3065. (536526)

WALK TO HISTORIC SCOTTSVILLE and all it has to offer, from this 1933 cape overlooking the James Riv-er! Extensively renovated in 2015, this 3 bedroom, 2 bath home has a large detached garage with loft providing plenty of storage. This home is being sold “as is”, so come on by and take a look. $159,500. Alex Ix, 951-5177/962-0509. (540990)

DELIGHTFUL ONE LEVEL LIVING with big fenced back yard. Located near the boat marina, this home fea-tures a great room with a vaulted ceiling and gas FP, split bedroom floor plan for privacy, recent wood floors, new car-pet in the master bedroom, recent interior painting, master bathroom with double sinks. 10x12 storage building with electric and loft. $144,900. Mike Peters 951-5119/981-3995. (532821)

LOCATION and affordability! Well-built, renovated brick home in sought-after Western Albemarle school district. Ad-dition includes master bedroom + spacious 2nd bedroom, large, shared bath and laundry. Unfin basement offers future expansion. .45 acre lot, mature landscaping. Close to everything downtown Crozet has to offer. Adjoining lot also available for purchase. $239,900. Kathryn Bentley, 989-6769. (538506)

CONSTRUCTION TO BEGIN SOON on this corner lot that backs to common area! Popular 3 bedroom floor plan “The Radford” with open floor plan leading to rear deck, great room with extra windows, vaulted ceiling in the master bedroom and more! No water/sewer fees. Minutes to Zion Crossroads amenities. $213,220. [email protected] Susan Stewart 434-242-3550. (520133)

SELLER OFFERING $6000 IN CLOSING COST! Great opportunity to be a part of the lovely Wexford Com-munity. Just minutes from shopping, schools, NGIC, air-port, US Rt 29 and much more. Sun filled rooms through-out, hardwood floors, granite counters, community pond views, full unfinished basement for future additional living space. $360,000. Julie Holbrook, 434-989-4415. (540319)

GREAT HOME in popular Western Ridge. Open floor plan w/main level master. Kitchen w/granite counter tops, custom cherry cabinets & main level hardwoods. Fenced back yard and private, screened rear porch. Neighborhood walking paths, clubhouse, pool and gym. Highly rated schools and close to everything the village of Crozet has to offer. $334,900. Kathryn Bentley, 989-6769. (542360)

IMMACULATE SPACIOUS HOME located in scenic Greene County offers stunning Blue Ridge views. Beautiful open eat-in kitchen has large island, gleaming hardwood floors, 9’ ceilings, generous sized light filled rooms. Love-ly landscaped yard a few minutes to Greene Hills Golf Course. Full walk-out basement. $399,000. Jan Shiflett, 242-6057. (524535)

Celebrating Over Eighty-Eight Years

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Ph (434) 951-5155 • F (434) 951-5190


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HISTORIC 2 STORY BEAUTY in the heart of Mad-ison. Put your remodeling touches to this lovely property, backyard has mountain views, fireplaces throughout, hard-wood floors, beautiful screened in porch, lots of Boxwoods, magnolia tree, and other bushes, newly painted front porch, beautiful brick walkway. $279,000. Ted Brame, 540-748-6386. (539335)

A CHARMING ENGLISH country style house on 2+ acres in beautiful NW Albemarle. The floorplan boasts 1st floor master suite with tray ceiling, great room with gas FP, built-ins & large deck, eat-in area adjoining the modern kitchen & enclosed porch and a large bonus room over the garage. Priced below assessment and irresistible at $499,500. Erika Buckman, 981-1868/951-5166. (527537)

STAFFED MODEL

OPEN 7 DAYS

GREAT HOUSE in the Earlysville area with 3BR/2.5BA, walk out terrace level. Open floor plan with step down to great room and doors out to deck. Hardwood floors. Deck is also 2 level with step down from kitchen. Bedrooms on 2nd floor with laundry close by. Terrace level is wired for sound, roughed in for a media room, kitchen, bed and bath. $350,000. Bonnie Field, 589-2611. (537342)

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Trust, Tradition & Market Leadership

JAMES RIVER ROAD BUILDING LOT. Beauti-ful land parcel of 23.70 acres in Southern Albemarle on the road to Howardsville. Road frontage on James River Road. Good agricultural land with a mix of open land and hardwood forest. Additional lots available. $157,000. JimBonner.com 951-5102. [email protected] (503483)

MOSTLY WOODED 173 acre tract with superb frontage on Route 33 in Louisa. Beautiful rolling woodland with primarily mixed growth hardwoods, one section in pines. Old home place still standing. 485,000. Maury Atkins 540-223-2719. (497993)

SECLUDED 22+ ACRE PARCEL in White Hall area off Garth Road only about 12 minutes from Barracks Road Shopping. Several home sites to choose from, one would al-low for overview of potential pond site. Established pasture area available for your animals, and a year round stream on southern boundary. $562,500. Ginger Ashcom 978-1066/953-8045. (516621) Additional acreage available.

10 ACRES of mature woodland at the intersection of Touchstone Lane and Chapman Road in Southern Greene County close to the Albemarle County line and just minutes from Stanardsville and Ruckers-ville. All wooded, this land has pastoral views to the East and Northeast. $100,000. Ginger Ashcom 978-1066/953-8045. (516617)

THIS 92 ACRE PARCEL just North of Earlys-ville has been selectively harvested in areas with good roadbeds accessing 2 beautiful hilltop home sites. Creek frontage plus mountain views – great potential! $515,000. Maury Atkins 540-223-2719. (536889)

ATTRACTIVE BUILDING PARCEL of 2.43+/- acres in Southern Albemarle on Langhorne Road. Gently rolling open meadow overlooking the pond next door in an area of significant farms and es-tates just 30 minutes to Charlottesville. Good value. $30,000. JimBonner.com 951-5102. [email protected] (502522)

34 ACRES OF ELEVATED WOODLAND with am-ple Buck Mountain Creek running through the frontage on Free Union Road. Barracks Road to Garth Road past Foxfield to R on Free Union Road, go through Free Union on Free Union Road, past the Glass House Winery, cross large river and property is immediately on left. $375,000. Ginger Ashcom 978-1066/953-8045. (530769)

WHAT A BEAUTIFUL HILLTOP in the woods await-ing your new home plans! This 3.9 acre lot has been recent-ly soil tested with a great elevated spot for a private home and 3 bedroom conventional septic system. Small stream near the front and the lot rises nicely as you get back to the house site. Borders all recently flagged, so easy to check it out! $39,000. Maury Atkins 540-223-2719. (539287)

RIVANNA RIVER VIEWS! Located in the established Riverbluff subdivision overlooking a wide portion of the Rivanna, this special and rare city building lot is the ideal place to build your next home. Surrounded by earth friend-ly contemporary homes with green living in mind you will enjoy the sweeping views and sounds of river. $174,000. Mike Peters 951-5119/981-3995. (539711)

INDIAN SPRINGS. Private setting with gorgeous wa-ter views! Just over 4 acres, wooded with many tall hard-woods. Located on cul-de-sac lane. Drilled well with great flow rate. Indian Springs is a 400 acre community of only 53 home sites. 25 acres of common land with community lake and cottage for resident use. Drive down driveway to lovely building site. $197,500. [email protected] 242-9600. (535971)

LOOKING FOR A VIEW? Take the time to preview this 10.29 acre building parcel situated north of Charlot-tesville that enjoys a panoramic year around view of the Blue Ridge Mountains. Parcel is a mix of mature pines that add to the privacy along with an elevated building site. $219,500. [email protected] Steve White, 242-8355. (530522, 525, 527)

OVER 5 ACRES OF OPEN LAND with views of neighboring pastures to built your new home. Existing well and septic. Mobile home on property to be removed or sold “as is.” $95,000. Matthew-WoodsonProperties.com 960-5187. (541511)

HEAVENLY PLATEAU of 7.79 acres, ready to build. Well drilled, soils perked, paved access. Stream could make perfect pond site. Albemarle near Barboursville. $349,500. (533956). Two add’l, beautiful 2 and 2+ acre lots are also available. $249,500. (533948) and $195,500 (533955) These 3 lots have phenomenal Blue Ridge views! JimBon-ner.com 951-5102.

PRIVATE 16.18 ACRE PARCEL located in Western Albemarle close to Afton and Crozet. Parcel is all wooded with mature hardwoods and offers a stream and elevated home site that with some clearing could have seasonal Blue Ridge views and there is a stream that runs through the property. $164,500. [email protected] Steve White, 242-8355. (529557)

SPREAD OUT on this nearly 25 acre parcel in the heart of Dyke Va. Property is gently rolling. Primari-ly wooded but offers some elevated house sites with Northwestern views of the Virginia countryside. $169,000. Other lots available. MatthewWoodson-Properties.com 960-5187. (537323, 322)

21 ACRE WOODED PARCEL located in Southern Al-bemarle enjoys privacy, mature hardwood forest, trails, ele-vated building site with views of long creek frontage below with pond possibilities. Parcel is located close to both the James & Rockfish Rivers and only minutes from the histor-ic river town of Scottsville. $134,500. [email protected] Steve White, 242-8355. (541364)

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“ “ I always felt very secure and very safe with real estate. I’ll take real

estate rather than go to Wall Street and get 2.8 percent.

Real estate always appreciates. Ivana Trump

HOLLY HILL was designed by Milton Grigg with incred-ible attention to detail. The 6.7 acres boast total privacy, pond, pool, cottage & garage with apt. all located on the 16th Fairway of the Farmington CC Golf course. The home has large well-proportioned rooms, the grounds are both formal and informal. $3,750,000. Jane Porter Fogleman [email protected] 981-1274. (521055)

LISTEN TO THE RIVER – a fly fisherman’s dream! Superb mountain views, trail to Hoover Camp in the Shenandoah National Park is close by. Charming home ca. 1790 with exposed beams, stone fireplaces, barns and 1000+/- feet of river frontage. Stonewall Jackson camped here! $330,000. Fiona Tustian, 540-661-9089. [email protected] (532323)

MOBILE HOME PARK with 7 leasable lot sites. Doublewide home and single wide home already in place and convey with property. 5 additional leasable lots. Recent upgraded electric meter. Great invest-ment and long term rental income. $225,000. Mat-thewWoodsonProperties.com 960-5187. (537328)

JEFFERSON LAKE FARM. 1000 +/- acres with 4 cot-tages, one dating back to late 1700’s and another built in the mid 1800’s located within 15-20 minutes of Charlot-tesville and UVA. Property is a blend of mature wood-lands, open pasture, miles of streams and trails, nice 2 to 4 acre pond and 12 acre lake. $3,995,000. [email protected] Steve White, 242-8355. (530494)

LIGHT INDUSTRIAL SPACE for manufacturing, as-sembly, storage or testing facility. Fully conditioned space, some office space, temp-controlled aging room, cleaning room, areas for work benches & testing equipment. Com-mon area includes men’s & lady’s rest rooms. Starts @ $7/SF. Hock Hockensmith 951-5110/996-3333. (535313)

A VERY SPECIAL PROPERTY affording total privacy and wildlife galore. Graced with a spacious (2100 sq ft.) post and beam home with open floor plan. Beautiful finishes including Cherry cabinets, granite counters, wood floors and exposed post and beam construction with two lofts, huge front rocking porch, deck and Florida room brings the outside in. $595,000. Robert Ramsey, 296-7171/242-2280. (537969)

HOWARDSVILLE GENERAL STORE is a great invest-ment opportunity, located across from the James River in Al-bemarle County, frequented for deli, groceries and gas. The two story building is in good condition with store features up front and plenty of storage space in the back, with two bay doors, and ample room for customer parking. $449,000. JimBonner.com 951-5102. [email protected] (525278)


Ph (434) 951-5155 • F (434) 951-5190


BEAUTIFUL STAND ALONE BUILDING locat-ed within 2 minutes of downtown Lovingston and most current use was Lovingston Automotive. Building is in excellent condition with large bay doors for auto repair if needed, office and waiting area with bathrooms. Auto equipment also available if needed. $184,500. [email protected] Steve White, 242-8355. (539417)

434.989.6769 Cell434.951.5148 Office

[email protected]

KATHRYN HALL

BENTLEYREALTOR®

WESTERN RIDGE CROZET

Open floor plan, main level master & laundry. Granite counters, custom cherry cabinets & water filtration sys-tem in kitchen. Vault-ed ceiling, fenced back yard & private, screened rear porch w/hot tub. Neighbor-hood walking paths, sport court, club-house, pool & gym all incl in HOA fees. Main level hardwoods. Low interest rates - don’t wait. Highly rated schools & close to everything the village of Crozet has to offer. Basic 1 year home warran-ty offered with acceptable contract. $334,900

NEW LISTING IN WESTERN RIDGE

This 3,374 sq. ft., 4 BR., 2.5 BA. Contemporary w/att garage sits on a private knoll overlooking Lovingston with Blue Ridge distant mountain views. Relax & enjoy the front deck overlooking a spring fed pond & landscaped yard w/perennials & fruit trees. Fresh paint throughout w/updates of tilt-out insulated windows, new flooring, kitchen makeover w/Quartz Countertops, Ceramic Tile Splash back, new sink & fixtures w/refinished cabinetry. 14’x25’ Great Rm. offers Stone FP & Cathedral ceiling w/new Skylights. Warmth radiates in the adj. 10’x14’ Sunroom. 14.5’x20’ Family Rm. great for entertainment. Detached ‘09 24’x28’ Workshop w/Tool Rm. insulated & plumbed for sink - can be converted to a Garage. $345,000

total renovation, better than new!

carole c. saunders, gricell 434.981.3089 | office 434.946.5522 | [email protected]

P A S S I O N, E X P E R I E N C E, I N N O V A T I O N

93 WOODSIDE DRMotivated Seller! Well maintained, hardwood floors, cathedral ceiling, open kitchen/dining area + large LR. Huge master w/ trey ceiling, 2 closets & private BA. Maint. free trex board deck, custom built 12'x 16' Shed w. elect. Level yard, nicely landscaped & backs up to quiet wooded area.

GAAR MLS#67900 • $167,900

41 EMERALD HILL DRFishersville - 6 BR, 4 BA. Gourmet kit.: granite counters, stainless appl., hdwd floors. Formal dining w. wainscoting, chair rail & crown molding. Open floor plan, gas FP w/ marble hearth. Gleaming oak hardwood & custom trim throughout. 1st & 2nd floor master BR w/BA. Elevated pastoral view.

GAAR MLS#66763 • $318,000

1336 ROSSER AVEAll Brick, 1 level in park like setting. Close to shopping, schools & short commute to Charlottesville, Staunton, & Harrisonburg. Great floor plan, arched doors between LR & DR, 2 FP, beautiful hardwood floors, large kitchen w/ center island. Screened porch & mature landscaping.

GAAR MLS#68098 • $158,000

Experience the Valley!

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Kyle Olson • 540.649.4131 • [email protected] O L S O N . M O N T A G U E M I L L E R . C O M

www.CaroleSaundersRealEstate.com

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ROCKY GLENEmbracing a classic Albemarle chestnut log cabin c. 1821, this artfully crafted 5BR home features natural materials, excellent craftsmanship, top of the line appliances, library, and luxurious heated soaking tub in first floor master. 63 acres,

guest cottage, stable, and pond.$1,100,000. MLS#530112

The Belvedere, c.1876Excellent location between the reservoir and the airport, this old estate home on 5+ dividable acres, is ideal for new home and renovated guest cottage. Magnolia, boxwood, dogwood and holly from bygone years. Board fenced meadow

and woods for privacy. $345,000 MLS#537852

CLASSIC CAPE CODExtraordinary brick cape cod, near Keene on 3 acres. New kitchen and baths, Exciting indoor and outdoor living spaces. Charming guest cottage.

Excellent Value!MLS#537494 $445,000

FRAYS RIDGE ESTATEExquisite Albemarle Mansion of over 10,000 sq. ft. (9)BR, (11)BA, (4)kitchens. Elevator, theater, pool, pool house, separate guest quarters, and pond on 21 acres. Convenient Earlysville

location.$3,450,000. MLS#513246

ESTATE AREA OF CARTERS BRIDGE

5BR, 3 1/2BA, nearly new and in excel-lent condition, 3.5 acres privately situ-ated and beautifully positioned on an elevated plateau surrounded by mature woods. Bright open floor plan. Maple cabinets, granite counters, 2 car garage.

$449,000 MLS#534739

1777 Franklin DriveImmaculate 5 BR family home, complete-ly upgraded with new floors, kitchen, baths, and fresh paint. Attached 2 car garage and finished basement with custom home theater and whole house professional sound system. Tranquil setting on 2 acres, with fabulous salt water pool and covered pavilion, overlooking

the fenced shady lawn of the back yard. $545,000. MLS#534485

MERRIE MILLc. 1860, Virginia manor home of classic antiquity and prominent historic significance. Consisting of 6,114+ square feet, with timeless architectural details, magnificent grounds, a charming guest cottage, additional dependencies, barns, and stone walled

gardens on 400+ gently rolling acres.$3,950,000. MLS#509871

INCOME POTENTIALUnder/Over. Brand new oak and ceramic tile floors, carpet and paint. Mature landscaping, private lawn. Convenient to UVA Research

Park, and Chris Greene Lake.MLS#540843 $239,500

CLASSIC BRICK SPLIT FOYER2 acres, just a mile from Scottsville in Albemarle County. Five bedrooms, gleaming new hardwood floors, 2 car garage, wired for generator, detached shop and chicken house. Excellent garden area and private lot. Priced under

assessment. $275,000. MLS#530143

TANBARKMake this your Country Home in Albemarle! Gently rolling and partially fenced 20 acre farm. Restored 1893 farmhouse, 1st floor master, wraparound porch. 4 car garage with apartment above, cottage with caretaker in place!

Pond and barns. $675,000. MLS#530063

SWIFT RUN FARMRich in character, c.1880. Private, featuring 3 bedrooms, an elevator and backup generator. Old boxwoods, springs, barns and fencing on 32 acres in Advance Mills. Open and wooded,

frontage on Swift Run.

$589,000. MLS#533186

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(800) 361-5155 • (434) 361-2440

www.MountainAreaRealty.com

2788 Rockfish Valley Highway • Nellysford, VA 22958

Glass Hollow Parcel Located in Afton, this 174.40-acreparcel of private ATV and hiking trails is perfect forrecreational use. Hunting cabin on land located next topond is “as is,” with no value in this sale. Cabin hasfireplace, living, dining, kitchen area and electricity.“Outhouse” in place behind the cabin. Enjoy themountain trails for hiking, hunting and just relaxing. Hike to the mountaintop that adjoins National Park.Convenient to Wintergreen, Charlottesville and I-64.Priced below assessment of $930,600. $599,900

420 Love Road Situated on 30+/– acres is this hand-hewn,craftsman log cabin set among mature trees and borderingthe George Washington National Forest. Great room featuressoaring ceilings, wood stove fireplace, chestnut flooring, anda newly renovated kitchen. Main-level master suite withdirect deck access. Lovely sunroom with large windows. Deckand porches wrap around 3 sides of the home. Lower level contains an additional bedroom with afull bath, and a separate workshop. Perfect for a getaway or full-time living! $374,900

687 Adial Road What is on your wish list? Water, views,acreage, proximity to Charlottesville? Look no further!Own 56 scenic acres with around 2,000 feet of RockfishRiver frontage, phenomenal mountain views, plenty ofopen pasture for horses/livestock, and a classic farmhousewith barns. Multiple division rights and river andmountain view building sites. 30 minutes to Charlottesvilleand 5 minutes to Nellysford shops and Wintergreen

Resort activities. A-1 zoning offers opportuntities such as farm, winery, brewery, etc. $525,900

1179-A Vista Center Drive, Forest, VA 24551

Libby Howell434-941-1275 [email protected]

Extraordinary Business OpportunitiesA “Must See” Beautiful country setting on this neighborhood restaurant, market, gift shop, sit. in the foot hills of the Blue Ridge Mtns. Completely renovated w/over 75 seats inside & 25 out on the wonderful covered wrap around porch looking into the mtn views & sunsets. This was a successful business but owners wanted to retire. Perfect venue for private parties, meetings, wedding rehearsal dinners, beer or wine tasting venue. Located near the GW Nat. Forest, fishing streams & rec. lakes, wineries, orchards, country clubs. Small stage for entertainment. So many upgrades! $349,900

Thriving General Store in the heart of Lowesville on the Amherst/Nelson Counties line. This profitable store w/deli is strong in trade due to its proximity to the Piney, a primary fishing river, the GW Nat’l Forest, the Amherst Co Rec. Lakes, Camp Cross-roads Retreat, hiking, biking & horse-back riding. No other stores nearby. 2 gas & 1 Diesel pump. Owners retiring. Store open 7 days a wk so drive by & look for yourself. $299,900

Reggie Wilburn434-277-5995 434-942-5500

Near JPJ & UVa Restaurant Business for Sale

Candice van der LindeRemax Realty Specialist

[email protected]

www.BuyandSellCville.com

Cuisine, long standing local favorite recipes & materials, machines, equipment & supplies for sale. Great location; business plan, catering business & training period for new owner. Keep the concept for $350k or change it and purchase all the supplies for $295k. Shopping center desires same concept; or ethnic type of

concept to remain in this location.

Call for details; Confidentiality agreement needed for exact location and figures. Owner very motivated; ready to retire.

W W W. S H A N N O N T H O M A S R E A L E S TAT E . C O M

Building relationships through dedicated real estate service.

Shannon ThomasREALTOR®

434.882.1761 [email protected]

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941 GLENWOOD STATION UNIT 303

• Class “A” accommodations at a reduced rate • 6 offices plus large conference room• 2,483 sf with private bath & balcony• Elevator and plenty of parking

MLS # 520848 – FOR LEASE $12.50/SF/YR + CAM


Bill [email protected]

Sara Schroeder [email protected]

Robin [email protected]

300 PRESTON AVE, STE. 300CHARLOTTESVILLE VA 22902

434.817.1240www.re3cp.com

LUXOR BUSINESS PARK• 3,600 / 1,900 / 880 SF Suites • Several office designs • Class “A” lobby and common areas

MLS #’s 530616/531049/527909

RENT $19.75 - $23.00 sq. ft./year + CAM


COMMERCIAL PROPERTIES FOR SALE OR LEASE

Grant Bates [email protected]

Butch Wilberger 434.531.5560bwilbergerproperties@ gmail.com

600 HAYS AVE - STAUNTON

• 217,000 SF +/- easily sub dividable• Near Intersection of I-81 and I-64• Nine Loading Docks and multiple drive-ins• Ceilings 14-24’

MLS # 540053 3.50/SF/YR (+ Util. & Janitorial)


1807 SEMINOLE TRAIL

• Diversified tenant Base• Prime location on highway 29 North• Priced below county tax assessment • Large passenger elevator

MLS # 540081 | $4,900,000


1160 PEPSI PLACE

• No CAM fees • Corner office with lots of windows • Landlord will paint & re-carpet for 2+ year lease • Two units available at 1,308 sf and 952 sf

MLS # 532539, 532537 – FOR LEASE $16.50/SF/YR

Call Bill Howard 434.906.1240 or Robin Amato 434.981.0767

737 JAMES MADISON HIGHWAY

• Commercial development opportunity • At corner of highway 15 & 33 in Gordonsville • Daily traffic count 8,800+ vpd • Great location for a convenience store

MLS # 540604 – FOR SALE $475,000

Call Butch Wilberger 434.531.5560

44A NEW LIFE DRIVE• Climate controlled warehouse, offices & bathrooms• Dock height & drive in doors, 26’ + ceilings• Large paved parking area• Comcast high speed internet

MLS# 535301 | $10/sf/yr


24 CONESTOGA WAY

• Free standing building w large parking area• Heated warehouse• 6 dock, 3 overhead/dock and 3 drive in doors• 25’+ ceilings, main level office space

MLS# 534138 | $8/sf/yr


Bill Schulz [email protected]

944 GLENWOOD STATION LN

• Class A office condo with 10 offices• Terrace level, private entrance• Below county tax assessment• 4,000+ square feet

MLS#538319 | $661,155


SOUTHSIDE SHOPPING CENTER

• Restaurant ready space • Renovacted with stylish fixtures • High traffic count o Located near schools &

neighborhoods

MLS# 542606


FOR LEASE

FOR LEASE

FOR SALE

FOR LEASE

FOR SALE

FOR LEASE

FOR SALE

FOR LEASE

FOR LEASE

FOR LEASE

1 SOLUTIONS WAY - WAYNESBORO

• 20,000+/- sf warehouse, 60,000+/- sf offices• Commercial kitchen facilities• Dock height & drive in doors• Highly secured fenced area

MLS# 534791 | $4/sf/yr


FOR LEASE

CITIZENS COMMONWEALTH BUILDING

• 5000+ square feet available• Price negotiable• Convenient Downtown location• Full service, utilities, parking and other amenities

MLS # 534470 | $20/SF/YR

Call Sara Schroeder 434.981.1284

FOR LEASE

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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 truthful-ness 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.

THE Staff:

CAAR

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: [email protected] Send your news and/or press releases to [email protected]

PUBLISHERAimee Atteberry [email protected]

ADVERTISING Beth Wood [email protected] 434.817.9330

Alex Mann [email protected] 434.220.1685

EDITORIAL COORDINATOR Joanne DiMaggio [email protected]

DESIGN Tracy Federico [email protected]

Henry Jones [email protected]

Harding Coughter [email protected]

HOME SALES STATS FOR WEEK ENDING

FEBRUARY 12, 2016

HOMES SOLD

2005 FOAL LANEIVY FARMS

1415 BURGESS LANEWOOLEN MILLS

36 PAYNES MILL ROADTROY

410 MAIN STREETSTANARDSVILLE

8180 RAPIDAN ROADORANGE

730 COLE STREETBELVEDERE

LOCALGOVERNMENT(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 CHARLOTTESVILLEwww.charlottesville.orgReal estate tax rate: $.95 per $100

ALBEMARLE COUNTYwww.albemarle.orgReal estate tax rate: $.819 per $100

FLUVANNA COUNTYwww.co.fluvanna.va.usReal estate tax rate: $.899 per $100

GREENE COUNTYwww.gcva.usReal estate tax rate: $.75 per $100

LOUISA COUNTYwww.louisacounty.comReal estate tax rate: $.68 per $100

MADISON COUNTYwww.madisonco.virginia.govReal estate tax rate: $.68 per $100

NELSON COUNTYwww.nelsoncounty.comReal estate tax rate: $.72 per $100

ORANGE COUNTYwww.nelsoncounty.comReal estate tax rate: $.804 per $100

There were 28 homes sold in the seven-county area

n Twelve were in Albemarle with an average price of $388,733.

n Four were in Charlottesville with an average price of $222,375.

n One was in Fluvanna with a price of $220,000.

n Five were in Greene with an average price of $257,580.

n One was in Louisa with a price of $251,628.

n Four were in Nelson with an average price of $354,300.

n One was in Orange with a price of $325,000.

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Foothill Crossing from the low $500’s

HillBrookOne Level Living off Rio Rd.

Hyland Ridge from the low $600’s

Old Trail Creekside from the low $600’s

Old Trail Villasfrom the mid $400’s

Out of BoundsElevator Townes from the $500’s

Belvedere One Level Living from the $500’s

Avinity Rooftop Terrace Townhomes

Cascadia Coming Soon!

Old Trail Village Homes from the low $400’s

CRAIGBUILDERS.NET | 434 .973-3362

Decorated Model Now Open!

Out Of BOunds

Ask about our Build on Your Lot program.

MODEL HOMES OPEN DAILY 12-5Villas from the upper $600’sElevator Townes from the low $500’s

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Out of Bounds Elevator Towne Model is now open! This model home boasts an open layout with 3 bedrooms, 4.5 baths, 4th Floor Entertainment Room, elevator servicing all 4 floors and an abundance of natural light, plus many more desirable

included features. The community is conveniently located minutes from Barracks Road and all things Charlottesville.

Directions: From intersection of Barracks Rd & Emmet St (Rt.29), take Barracks Rd West, left on Bennington Road (or take Surrey or Chaucer and turn right on Bennington Rd). Drive through intersection of Bennington Road and Westminster Road, into Out of Bounds.

GRAND OPENINGM A R C H 5 ‑ 6 , 1 2 ‑ 5 P M

1100 Dryden Lane • Charlottesville, VA 22903(434) 951‑5155

Kate Colvin434.996.5008 cell

[email protected]

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Private Gated equestrian Community

nestled within the Jefferson sea

willow Bend farm $729k . 3200 sq ft . 21 Partially wooded & Pastured aCres

Bluestone CottaGe - 3,000 sq ft. PerfeCt starter home or weekend home on 5-21 aCres, startinG at $375k

Blenheim farm $749k . 5400 sq ft . 25 wooded aCres

to Be Built: vintaGe CottaGe . $650k . 3,000 sq ft . 21 aCres

thefarmsatturkeyrun.Com

Please ContaCt

Milicent Loehr LynchvP of sales & marketinG

(434)[email protected]

Featured Properties oPen house: 9am to 5Pm at 5105 Blenheim road, 22902

401 Park StreetCharlottesville, VA 22902

[email protected]

W W W . L O R I N G W O O D R I F F . C O M

FONTANA HOME WITH MOUNTAIN VIEWS

1660 APPIAN WAY • $485,000One-owner 4 bedroom home situated on a corner lot in Fontana. Tall ceilings, formal and informal spaces, home Office with built-ins, eat-in Kitchen opens to Family Room. Fabulous/must see Terrace level Rec Room with Pool Room featuring custom oak wet Bar. Tommy Brannock (434) 981-1486. MLS# 542106

DOWNTOWN GEM WITH SOUTHERN VIEWS

200 GARRETT STREET • $549,000Like new 2 bedroom, 2 bath condo with abundant natural light. Loaded with upgrades including a gas fireplace with stone surround, Mountain Lumber hardwood floors, beautiful tiled bathrooms, custom drapes plus high end appliances. Covered garage parking and elevator access. Lindsay Milby (434) 962-9148. MLS# 542314

MALLARD LAKE - UNSPOILED BEAUTY

455 MALLARD LAKE DRIVE • $824,000Custom, timber-frame home on 11 acres features dramatic Living Room with wood stove, sunny windows and vaulted ceiling. Family Room with stone fireplace, Screen Porch and Master Bedroom Suite are all on main level. Screened/covered pool (solar heated) is an added bonus! Tommy Brannock (434) 981-1486. MLS# 542583

WESTERN ALBEMARLE COMPOUND ON 121 ACRES WilloW Creek in Free Union

$2,295,000Rarely does a property come along showcasing the construction, interior and landscape design quality of Willow Creek. Improvements include the breathtaking main house surrounded by panoramic views and complete with 24 foot ceilings, exposed beams and 2 fireplaces in the great room. Across a pool and gardens from the main house is the 2 bedroom/2 bathroom guest house. Additional improvements include equipment garage, 3 bedroom farm manager’s house, green house and restored chestnut barn. Total privacy. 6 tax map parcels: good easement candidate. MLS# 542112

SPECTACULAR VIEWS WALKABLE TO UVA

CUSTOM BUILT IN OLD TRAIL

1800 JEFFERSON PARK AVENUE • $399,900Renovated 3 bedroom, 2 full baths penthouse with updated wood kitchen cabinets, stainless steel refrigerator, wood floors, ceramic tile, wood burning fireplace, built in shelves, master bedroom with a private bath, separate utility room with a private laundry room, and more!. Inessa Telefus (434) 989-1559. MLS# 542561

7331 MILLBURN COURT • $599,900Set on a fully fenced nearly half acre level lot. Natural light floods the gourmet kitchen featuring stainless appliances, quartz counters with a custom eucalyptus butcher block island. The kitchen is open to the great room & dining room. 1st floor bedroom/office & sun room opening to the yard. Lisa Lyons (434) 987-1767. MLS# 542487

NEVER BEFORE OCCUPIED LUXURY CONDO

MINI ESTATE OVERLOOKING IVY CREEK

435 WHITE GABLES LANE #101 • $659,000No one has ever lived in this 2 bed, 2.5 bath luxury condo adjacent to Farmington. Cherry cabinets, granite countertops, high ceilings, gas fireplace. Master bedroom and living area open to a spacious and private covered patio. Secure entry, enclosed parking and a large storage unit. Kathy Hall (434) 987-6917. MLS# 542295

1730 LAMBS ROAD • $945,000Incredible value for the right buyers and minutes to city conveniences. The residence offers abundant formal and casual living spaces inside and out. 4 bedrooms, 4 full, 2 half baths, pool, pool house with half bath. Gardens, level lawns, even an indoor racquetball court that can be used for general recreation. CUSTOMIZED HOME IN OLD TRAIL VILLAGE

5631 UPLAND DRIVE • $434,000Why wait for a popular “Village Home” to be built, when this like-new home constructed by Craig Builders is available now? Enjoy mountain views! Very livable floor plan - this home is a good value & shows like a model home - don’t miss it! Tommy Brannock (434) 981-1486. MLS# 542569

1037 ClUb Drive $1,595,000

This 4-5 bedroom, Randy Rinehart-built brick home boasts an excellent floor plan including 1st floor master, kitchen open to casual living, 3 car garage, bluestone terraces and an expansive, almost level rear lawn. Immaculate condition and endless fine detailing, including wainscotting, striking marble and tile selections throughout, high ceilings & excellent light. After a $400K reduction, this stately, well constructed home is an excellent value. MLS# 542410

AN IMMACULATE CLASSIC IN KESWICK ESTATE

Real Estate Weekly 2.25.2016

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Transcript of Real Estate Weekly 2.25.2016