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Real Estate Weekly


vol. 20 no. 48 n december 1 - december 7, 2011

A PublicAtion of the chArlottesville AreA AssociAtion of reAltors速 Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange


A Common Money Dilemma:

Payoff or Invest?

Bedroom Trends For 2012 by Francesca Toscani

CAAR Real Estate Weekly |

 december 1 - december 7, 2011 | Issue 20-48

Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011






Residential Brokers


Stylish home on bluff overlooking mountains, in golf community with lake, near town. Open and exible oor plan allows for gracious living on main level and private guest or in-law suite on lower level. Finest quality construction with 4 or 5 bedrooms, 3 bathrooms and 2 car garage. Professionally landscaped with many outdoor seating areas for your added enjoyment. $449,000. Ring Sonja 981-3523

Ring Sonja 434-981-3523

Sonja Casero has 20 years of experience in the real estate industry. She prides herself in knowing that this experience is something her clients can depend on as she works hard to ensure successful transactions. She is committed to integrity and a straightforward approach. She goes above and beyond normal service expectations and never stops looking out for your best interests. She feels strongly that in this business people come first. As a result, she gives 110% in every transaction. Over 90% of Sonja’s business is personal referrals - why don’t you ring Sonja to see why her clients come back to her again and again?


City convenience on over 3/4 acre. Lovely mature landscaping, brick and brand new siding exterior. Wraparound sunroom with ceiling fans. Hardwood and tile, replace, built-in shelves, kitchen with updated appliances and pretty, eco-friendly linoleum oor. Great terrace level family rm. Beautiful bay window in living room. $289,000 Call Eve: 434-825-1878


Elegant brick home w/wide gracious foyer, open railing staircase, 4Br/3.5 bths, formal LR & DR, FR w/FP, large/updated kitchen, large deck, mud room, full/ unnished basment, cleared lot w/mature landscaping, & bold yr round stream on property. $650,000. Call Sharon 434-981-7200

Call Sharon 434-981-7200

Sharon Donovan, a native of Charlottesville, grew up around the construction industry and has watched Charlottesville and the surrounding area grow and blossom into one of the top ten places to live in the country. In 1980 Sharon began her career in real estate and went on to attain her broker’s license. She combines tremendous energy, experience, enthusiasm, and extensive knowledge of the local real estate market to give her clients and customers the best service one would expect from a top producer. Sharon utilizes her superior market knowledge to transform the often-stressed home search process into one of enjoyment and satisfaction.

Call Eve 434-825-1878

Eve Hesselroth lives in Charlottesville with her husband and two amazing children, Aidan and Maya. She has experienced Charlottesville as a teenager, a UVA student, a parent and a professional. Eve utilizes all of those perspectives to help her clients find the perfect home, or market the house they are selling. She is highly enthusiastic about matching people up with the right place for them. She brings patience, warmth and a sense of humor to the home buying process. To learn more about Eve, check out her LinkedIn profile: or email her at


Beautifully nished home w/ a oorplan for a decerning buyer. Much larger than it looks from the exterior. The vaulted space allows for a stunning replace in the great room is opened to the kitchen. Formal dining room has extensive woodwork and trim w/ trey ceiling. $210,000 Call Sharon 434-981-7200


So convenient - near Barracks Rd, schools and UVa, with attached garage on main level. Great oor plan with charm and character, hardwood oors, built in bookcases and brick replace in family room. Living room, formal dining room, family room , kitchen and master bedroom suite all on same level. Two more bedrooms & bathroom upstairs and tiled rec room and bathroom in walk out basement. Large lot with mature trees and bushes and patio. $329,000. Ring Sonja 434-981-3523

Laurie Ripper Kelly 434-882-1194 Laurie Ripper Kelly moved to Charlottesville from Northern Virginia to attend U.Va. for undergrad and law school, and has turned her passion for real estate into a fulfilling career. She enjoys using her expertise to help her clients navigate the complex process of buying or selling a home. She is certified as an e-pro Internet Specialist and American Conservation Broker. Email Laurie at for more info.

Anya Scott 434-882-1777

• Available to show property on short notice. • Real estate investor and world traveler. • Raised in Moscow and New York City, chose to make Charlottesville home 18 years ago. • Graduate of The College William and Mary, background in the performing arts. • Mother of two, very well versed in area schools and children’s cultural and athletic programs. • Keen understand and appreciation of individual tastes and needs. • Fluent in Russian • or call 434-882-1777

4 1 7 P A R K S T . • C H A R L O T T E S V I L L E , VA 2 2 9 0 2 • 4 3 4 - 2 9 6 - 0 1 3 4 • W W W . F A R M A N D E S T AT E . C O M

Equal Housing Opportunity

CAAR Real Estate Weekly |

SECLUDED AND CHARMING Custom Williamsburg cottage in Hickory Ridge. With 9’ ceilings, 18th century mantles, wonderful architectural detail throughout. Beautiful, private lot. Call/email Anya Scott 434-882-1777,

december 1 - december 7, 2011 | Issue 20-48


What’s Inside:

).%6%29 Real Estate Weekly

vol. 20 no. 48 n december 1 - december 7, 2011


A PublicAtion of the chArlottesville AreA AssociAtion of reAltors® Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, Orange

$%#%-"%2 $%#%-"%2 




Open House Quick Search ..........................6

Open Houses ...................................... 6-7 Bedroom Trends For 2012 by Francesca Toscani

A Common Money Dilemma:

Payoff or Invest?

A Common Money Dilemma:

PAyoFF or INvest? By RogeR A. VARneR, II

Bedroom Trends For 2012

Homes for the First-Time Homebuyer ............................8


Good Night - Sleep Tight: Bedroom Trends For 2012 ......................10 By FRAnCesCA TosCAnI

Home finance

A Common Money Dilemma: Payoff or Invest? ..................................15 By RogeR A. VARneR, II

Classifieds ...........................................23 Index of Advertisers..............................23


Next Week:

• Habitat for Humanity Partner Family Advocates

by Francesca Toscani CAAR Real Estate Weekly |

News & Views.........................................8

Home Sales Stats...................................9




A Lifestyle to Enjoy... Buy Now at Historically Low Rates! Why Rent? Own Your Home! Monthly Loan Payments with Current Interest Rates are Less than or Comparable to Similar Rentals! ±No Down Payment ±30 Year Fixed Rate ±Closing Cost Assistance ±Flexible Credit Guidelines ±First Time & Current/Previous Homebuyers ARE Eligible

USDA Rural Housing

30 Yr. Fixed 4.5% (5.16% APR) P&I $589.97 Taxes 96.00 Hazard 48.00 HOA 97.67 Total Payment


Down 0 Closing 3088.00 Prepaids 1233.00** Cash to Close $4311.00 C.C. Assistance ($3500.00)2


30 Yr. Fixed 5.000% (6.375% APR) P&I - 1st $588.61 P&I - 2nd 30.20 Taxes 96.00 Hazard 48.00 PMI 103.34 HOA 97.67 Total Payment


Down 0 Closing 3111.00 Prepaids 1233.00** Cash to Close $2657.00 C.C. Assistance ($2657.00)2


30 Yr. Fixed 4.50% (5.414% APR) P&I $555.57 Taxes 96.00 Hazard 48.00 PMI 103.34 HOA 97.67 Total Payment


Down 3938.00 Closing 3111.00 Prepaids 1210.00** Cash to Close $8260.00 C.C. Assistance ($3500.00)2

*VHDA FHA Plus has a small 2ndmortgage to cover the 3.5% down payment plus the 2% closing costs. **“Prepaids” refers to 15 days interest, 3 mo taxes, 15 mo fire insurance and mortgage insurance if it applies. The above are estimates and not to be construedas exact quotes, but a reasonable approximation, as of 5/20/2011. Rates based on $112,500 loan value. ¹Based on comparable market properties with average rental fees of $850 -$930 per month. ²Builder offering up to $3,500.00 closing cost assistance.

1313-A Villa Way, Charlottesville, VA 22903

866 703-7401

Licensed by the Virginia State Corporation Commission. License No. MC-2166

Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011

CALL TOLL FREE: 1-800-948-4712 404 8th Street, N.E. Charlottesville, VA

434-296-7171 434-990-1777

“Personalized Real Estate Service”

MARGARET RAMSEY, 434/953-7057



First Time on Market Since 1967 Charming All Brick Home w/Beautiful Garden Views Great Woodwork, Hdwd Floors, FP, Brick Arches & Walk-in Bay Window Priced Below City Tax Assessment MLS# 493776 $299,000

ROBERT RAMSEY, 434/242-2280



Unique Details Include Jeffersonian InfluencesHidden Staircases, Tapered Pillars, Transoms & Keystone Accents. 3 BR, 2.5 BA, Detach Storage/Garage Private, Mostly Wooded Lot Backs up to 300 AC Farm Energy Efficient Dual Heating System. Convenient to NGIC, DIA & UVA Research Park MLS# 492334 $230,000

Loads of Potential Just a Few Miles From Stanardsville & Greene Hills. 2 Bedrooms, Updated Kitchen Full BA, Family Room and Deck Workshop Plus 2 Storage Sheds MLS# 488956 $85,000

A Great Opportunity to be Near UVA, Hospital, Downtown. Neat & Clean Home Offers 3 BR, Office, Full Bsmt, Fenced Yard, Gas Heat & Central Air. Call Today to See How Little CASH You Need to Buy This Home. MLS# 486245 $175,000!

MARGARET RAMSEY, 434/953-7057

JULIE HOLBROOK, 434/989-4415

MILDRED MORRIS, 434/981-2599




Nearly 3,400 Total Sq. Ft. 4-5 Bedrooms Priced $120,000 Below Current Tax Assessment. $224,000! MLS# 491664 ROBERT RAMSEY, 434/242-2280

JULIE HOLBROOK, 434/989-4415

3 BR, 3 Full BA, Full Fin Basement Open Floor Plan for Entertaining Enormous Master BD Downstairs Vaulted Ceiling, 2,668 Fin. Sq. Ft Gas FP, Decks All Around MLS# 490436 $139,900

1315 Rose Hill Drive Quality Tenant in Place Thru 5/2012 3 Bedroom, 2 Bath Home Great Location Near Greenleaf Great Condition & New Roof MLS # 486875, 486912 $249,900

ROBERT RAMSEY, 434/242-2280

CONVENIENT LOCATION IN CARODON! Open Floor Plan. Custom Stone FP w/Wood Storage Spacious Master Bedroom w/Attached Full BA Large Bonus Room on 2nd Level Privately Situated on 1.66 Acres MLS# 492006 $209,900

JULIE HOLBROOK, 434/989-4415


3 Mins From Broadus Wood Elementary Classic Williamsburg Colonial on 4.62 Acs 4 BR, 2 Full & 2 Half Baths 3064 Fin Sq. Ft, 947 Unfin. Whole House Generator Tankless Water Heater, Whirlpool Tub, Inground Pool MLS# 489263 $409,500

ROBERT RAMSEY, 434/242-2280

JUST MINS TO DOWNTOWN CH’VILLE UVA & I-64. Wonderful One Story 3 BR, 2BA Condo w/Lots of Amenities. Prop Approved for HomePath Mtg. Financing & HomePath Renovation Mtg. Financing Can be Purchased for as Little as 3% Down MLS# 492300 $99,900

JULIE HOLBROOK, 434/989-4415

ANTIQUE CHARM W/MODERN CONVENIENCES Carefully Restored Period Home on 4.99 Acs Country Feel Yet 15 Mins to Airport,DIA, NGIC, Town Center 7 Rustic, Brick FPs w/Period Mantels. 4 BR, 3 BA Spacious Rooms w/10 Ft Ceilings, Crown Moldings, Chair & Picture Rails Perfect for Entertaining MLS# 484929 $349,900

MARGARET RAMSEY, 434/953-7057


2671 East Branch Loop Stunning pastoral and mountain views surround this immaculate 2 BR, 2.5 BA home on 36 fenced acres. Hardwood floors, wood-burning fireplace, spacious kitchen and dining room, plus a bonus family room and home office in the finished basement. In-ground pool, barn, and a 7400-square-foot equipment building. Bring your cows, horses, or grapes and start enjoying your own piece of paradise. $349,900

Bland Wade Lot 3 Convenient Afton location near new Martha Jefferson Medical Center and only a short drive to Crozet, Charlottesville, & Waynesboro! Can't find the perfect home? Try buying the perfect lot and building. Get expansive mountain views from this mostly cleared and level 2.62-acre parcel with creek at rear border. Well drilled and soil study completed for a 3 BR home. $119,500

(800) 361-5155 • (434) 361-2440 2788 B Rockfish Valley Highway • Nellysford, VA 22958

Great location in a rural setting and just minutes from shopping, restaurants, and town living. Excellent southern exposure will help keep you cheerful and cozy all year long. Perfect home for living with teens and/or in laws since the bedrooms are split on either side of the house! Formal living room and dining room and large eat in kitchen with room for everyone! MLS# 494148. $235,000.

1221 HAZEL STREET Unique home with lots of charm, plenty of character, and it’s close to the downtown mall!! Main home has 5 bedrooms, one on the first floor, beautiful wood trim and floors, stone vented gas log fireplace and a delightful kitchen with skylights! It also features 9 foot ceilings on the main level, French doors leading from the living room to the dining room, a large dressing room, lots of improvements and lots of special nooks. There is also a two bedroom cottage with a screened porch. MLS 493005. $519,000.

Always Talk to Bob, 989-3592 Selling Residential Property

CAAR Real Estate Weekly |

BEAUTIFUL CAPE W/OVER 5,000 FIN SQ FT ON 6.55 ACS In Free Union. 4 BR, 2.5 BA in Main House Spacious Apt w/Hardwood Flooring Over 2-Car Garage Great Rm w/Double-Side FP To Family Rm, Formal LR & DR Wrap Around Deck. Mtn Views MLS# 490579 $675,000

8287 Seminole Trail Ruckersville, VA

december 1 - december 7, 2011 | Issue 20-48




quick search d e c e m b e r 3 r d & d e c e m b e r 4 th




2 0 11

Albemarle 3521 GRAND FORKS BLVD LAUREL PARK ATH MLS# 488614 $261,650 7035 HAMPSTEAD DR OLD TRAIL ATH MLS# 491036 $279,900




2 0 11


640 EIGHT WOODS LN KENRIDGE ATH MLS# 484359 $599,436

7035 HAMPSTEAD DR OLD TRAIL ATH MLS# 491036 $279,900

101 LONGWOOD DR LONGWOOD ATH MLS# 484693 $248,900


1565 NEWCASTLE CT PAVILIONS AT PANTOPS ATH MLS# 490341 $359,900 288 CLAREMONT LN OLD TRAIL DET MLS# 484235 $364,900 5633 UPLAND DR OLD TRAIL ATH MLS# 489352 $379,195

madison 1026 GAAR MOUNTAIN RD NONE DET MLS# 492621 $875,000

All information deemed accurate as of 9:30 a.m. Tuesday, November 29th 2011 as per CAAR MLS Open House data.

848 COLRIDGE DR KENRIDGE ATH MLS# 461139 $961,326



Call 434.817.9330 to advertise YOUR Home Listing with Us!



2095 AVINITY LOOP AVINITY ATH MLS# 487264 $326,312

Selling A Home?



1712 YORKTOWN DR RUTLEDGE DET MLS# 492542 $589,000


And Never Forget...


Download the Real Estate


Open Houses



louisa 56 BEAR ISLAND PKWY SPRING CREEK DET MLS# 492369 $497,300

Every Friday at 4 pm

CAAR Real Estate Weekly |

ATH=Attached • CND=Condominium • DET=Detached FRM=Farm PDT=Proposed Detached PAT=Proposed Attached PCD=Proposed Condominium

A Virginia Tradition Since 1927

Roy Wheeler Realty Co. 80 years of Trust, Tradition, and Market Leadership Celebrating Over 75 Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903 • (434) 951-5155 • Fax (434) 951-5190 Email: • Website:


Time: 1-4 pm

Hosting Agent: Sherry Orrell

ELEGANT 1-LEVEL LIVING in an exceptional location close to Farmington, Boar’s Head and UVa. Quality features and upgrades throughout. Chef’s kitchen, soaring 10’ ceilings, hardwood oors, replace, private wrap-around terrace. Secure entry and garage. $645,000. Phyllis Novotny, 760-0548. (493502)

Directions: From Charlottesville, take Ivy Road (Route 250) west to right at While Gables entrance across from Birdwood Golf Course - 2nd building on the left.


Time: 1-3 pm

Hosting Agent: Nancy Barrett

SIGNATURE LINDAL CEDAR HOME custom built by nationally recognized builder Tectonics. Grand scale & luxury abound in this post & beam home on 4.93 acres in gated community just 25 min. to C’Ville. Marble, mahogany, granite and windows, windows, windows with beautiful views from every angle. $749,900. Denise Ramey 434-960-4333. (491213) Directions: State Road 250 to South on 151 through Nellysford to right onto 664 toward Wintergreen. Glen Mary is .4 miles on left. House on #4 .2 miles on left.

7035 HAMPSTEAD DRIVE OPEN SAT. & SUN. 1-4 PM Hosting Agent: Dan Conquest

ON “THE COMMON” in Old Trail, brick end unit, quality-built home with high quality nishes, traditional design with modern day amenities like stainless appliances, granite counters, FP, built-ins, rear fenced courtyard and 2 car parking pad. Built by Gaffney Homes. $279,900. Denise Ramey 434-960-4333. (491036) Directions: Rt. 250 west to Old Trail, across from the entrance to WAHS, follow Old Trail Drive to right onto West End Dr right onto Grassdale Lane to left onto Hampstead Drive.


Time: 12-3 pm

Hosting Agent: Mandy Yancey

WOW! BEAUTIFUL SITE, BEAUTIFUL HOME. Elegant, well-appointed, spacious, unique. Plenty of room for a multi-generational family. 2 garages, 2 rec/family rooms, 2 laundry rooms. Full unnished basement. Cherry cabinets, cherry oors, top of the line appliances, dual zone HVAC. $749,900. Denise Ramey 434-960-4333. (492149)

Directions: 250 to SR20 to Stony Point-left on Watts Passage-home on left. From 29 go north to Burnley Station-turn right then right onto Watts Passage. Continue to #3400 on right.

Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011


32283 Childress Road Mine Run, VA 22508

Ready to move into 2 bedroom/2 bath home • 25+ beautiful acres (3 acres open) • Manufactured home on permanent foundation • Sold absolute to the highest bidder Home Tour, Sun. December 4th @ 1 pm Only $25,000 Starting Bid!!


Sunday, December 4th


University of Virginia Charlottesville

Let a REALTOR® Stick His Neck Out for You... All REALTORS® voluntarily subscribe to a strict Code of Ethics–your assurance of fair treatment of buyers and sellers.

2-4 pm

Spacious 4-bedroom (one on 1st fl), 3.5-bath 2-story on basement with formal Living rm, dining rm, large kitchen/breakfast rm, mud rm, family rm, office, garage, wrap-around deck, patio, shed. Builder’s personal home w/Andersen windows/ doors; wood flrs in LR, DR, foyer; garden window sink; His & Hers walk-in closets; vaulted MBR with plant shelf, soaking tub& shower; invisible pet fence; many recent updates; paved drive; Walk to Beach! MLS# 492918 $259,000

Open Houses

Friday, December 16th 11 a.m.

Directions: Lake Monticello main gate; left on Jefferson; right on Forest; left on Colonial ;right on Long Leaf; left on Wildwood; right on Hardwood to end; House on left #62. Bring ad for admittance.

Joan White 434.589.3539 (o) • 434.589.5724 (h)


A Certified Residential Brokerage Firm

Serving Central Virginia 800-825-5253 Next to Lake Main Gate - Open 7 days a week. • 2704 Lake Monticello Rd.


CAAR Real Estate Weekly |


real estate news

december 1 - december 7, 2011 | Issue 20-48


CAAR Real Estate Weekly |

NEWS6)%73 What’s Happening Around Town? PCA Hosts December Exhibit Showcasing Quilters from Local Housing Project Piedmont Council for the Arts (PCA) will host an exhibition of quilts by the Crescent Hall Quilters as the December 2011 exhibit in the CitySpace Gallery. A First Fridays opening reception will be held on Friday, December 2 from 6:00-7:30 p.m. with many of the quilters present. The exhibit will be on display through December 30, 2011. The Crescent Hall Quilters group formed more than nine years ago, inspired by an idea from public housing resident Teresa Stinnie. She envisioned the group as a way for residents to meet one another and strengthen their community through fellowship. She saw women around a table learning to quilt and growing as neighbors. Teresa shared her idea with Vice Mayor Holly Edwards, who found the group’s quilting teacher, Del Horan, through Westminster Presbyterian Church. Del brought

the knowledge of quilting but also many of the supplies, machines, and materials that the group needed. Her commitment to the group is part of her ministry and she has been recognized as one of The Daily Progress’s “Distinguished Dozen” as a result of her work. Group members started out learning the basics of quilting by hand. Now, even though the group is down to nine dedicated members, they are able to understand measurements and figure out even the most difficult quilt patterns. The leadership has evolved over time with the participants taking more responsibil-



Home Buyer HOMES

$ 25 0 , 0 0 0



Hollymead Square 1, 2, & 3 bedroom homes perfect for first-time homebuyers or investors. Great location between Forest Lakes North and South. Prices start at $129,000 (434) 296-0007

Afnity Group 1770 Timberwood Blvd. Suite 101 • Charlottesville, VA 22911

ity for the weekly group. Currently, Francine Payne and Helen Stevens provide guidance and instruction for group members. Crescent Hall is one of seven sites in the city’s quilt of public housing. It was built in the 1970’s for the elderly and disabled. It is now the first to be slated for rehabilitation as part of the Charlottesville Redevelopment and Housing Authority Master Plan. All quilts in the exhibition were crafted by the Crescent Hall Quilters and (unless otherwise noted) are for sale. Purchases can be made through PCA, with all proceeds going to the Crescent Hall Quilters. PCA provides support services to artists, arts organizations, and their audiences in order to encourage community-wide access to and appreciation for the arts. To find out more about PCA programs and services, visit The CitySpace Gallery is located at 100 5th Street NE in downtown Charlottesville. PCA hosts exhibitions related to community interests in the gallery and accepts exhibition proposals from local organizations. To find out more about the gallery, visit cityspace-gallery/.

A Christmas Art Exhibit at Montpelier Firnew Farm Artists’ Circle and Montpelier present A Christmas Art Exhibit at the Home of James & Dolley Madison, Montpelier. The opening wine and cheese reception is December 1 from 5:00 -6:30 p.m. No admission required. Twenty-seven local artists from the Firnew Farm Artists’ Circle, from Madison, Greene, Culpeper, Rappahannock, and Albemarle Counties have depicted Montpelier, and the sensation of its grace and place in history for this Holiday Season. The works include: oils, Henry Wingate; photography, Robert Llewellyn, and others displaying charming depictions of Montpelier in its early days and present day landscapes of the grounds and the cedar of Lebanon, watercolors, acrylics and even a Holiday Bird House.

The Exhibit will run from December 1 - 18, 2011. Visit for more information..

The Nutcracker in Waynesboro Old Dominion Performance Arts Studio and Progressions Repertory Dance Company present The Nutcracker 2011, December 2 and 3rd at 7:00 p.m. and December 4 and 2:00 p.m. at Kate Collins Middle School Auditorium in Waynesboro. Children under five years of age are $5 in advance, $6 at the door and $7 reserved. Youth and adult tickets are $8 in advance, $9 at the door and $12 reserved. For more information, visit or call 540-324-4049.

Local Women Artists Featured at FOCUS Flea FOCUS Women’s Resource Center is pleased to continue its commitment to supporting women by announcing monthly art shows featuring women artists at the FOCUS Flea, 617 West Main Street in the Old Albemarle Hotel, Charlottesville, VA. December’s will feature two artists. TV host Robin Hoffman, whose well-known prints and caricatures are a featured fundraiser for many nonprofits, will have an opening will be Thursday, December 1 from 5:007:00 p.m. and will include caricatures as fundraisers. Leah Craig’s quilted treasures will be featured Friday, December 2 during First Friday from 5:30-7:00 p.m. Both shows will be at the FOCUS Flea and will run for the month of December. The FOCUS Flea will host a different artist each month, with an opening reception on Charlottesville’s First Fridays. More information about artists and an application may be found at Call 293-2222 if you have any questions.

GOT NEWS? Email your news related topics to joannedimaggio@

Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011

Home FOr the week eNdiNG 11-18-11

There were

42 sales


417 Park Street, Charlottesville, VA 22902

611 NOrth aveNue


cITy Of chARLOTTESVILLE $213,500 $222 per fin. square foot On market for 7 days

Gracious waterfront Georgian manor w/ sweeping Blue Ridge views. Slate roof, cobblestone court, faced by matching 2 story dependencies, elegant & comfortable public rooms, and elevator for easy access. The Rivanna River flows through the farm for about a mile, also a 3 acre lake serves the land. For further information and pricing.....

in the seven-county area.

• Fourteen were in

albemarle with an average price of $508,558

• seven were in

Charlottesville with an average price of $221,946

• Nine were in Fluvanna with an average price of


64 sittiNG bull COurt


WOUNDED KNEE | fLUVANNA $635,000 $122 per fin. square foot On market for 551 days

The Vaughn Farmhouse features many unique attributes including: Tennessee quarried stone, authentic stucco, cedar shake roofing, 12’ ceilings, heart pine floors, rough hewn exposed beams, barrel ceiling in main kitchen, and 600 square ft guest quarters w/ ktchn. Experience the details of a true 18th century farmhouse w/ advantages of a modern home. $1,995,000


• Five were in Greene

with an average price of



with an average price of


5 14
















Scottsville 6

1 Orange



29 6











Fluvanna 6






local Government Information (Note: Real estate tax information gathered from local government Web sites and is believed but not guaranteed to be accurate as of publication date. Towns may assess real estate taxes in addition to those charged by each county.)

City OF CharlOttesville real estate tax rate: $.95 per $100 of assessment albeMarle COuNty real estate tax rate: $.742 per $100 of assessment FluvaNNa COuNty real estate tax rate: $.54 per $100 of assessment GreeNe COuNty real estate tax rate: $.69 cents per $100 of assessment lOuisa COuNty real estate tax rate: $.62 per $100 of assessment MadisON COuNty real estate tax rate: $.44 cents per $100 of assessment

388 villa deste COurt VILLA DESTE | ALBEMARLE $850,000 $231 per fin. square foot On market for 83 days

Sonja Casero, (434) 981-3523 Multi-Million Dollar Top Producer for over 20 years Consistent Award Winner Hall Of Fame


Adjoining Birdwood Golf Course with fairway and mountain views. So close to town, 5 mins from UVa & steps from Boars Head Sports Club. Completely updted 3 years ago. Hardwood floors throughout and wood burning fireplace in living room, Kitchen opened up to dining room with marble countertops and cherry and glass cabinets. Large rear deck, attached garage, full unfinished basement and huge attic for storage $645,000


• Five were in Nelson

Over $13 Million Sold in 2010. Native of Charlottesville with over 25 years of local Real Estate Experience. Hall Of Fame


a price of $89,900

Call Sharon, (434) 981-7200

PREDDy cREEK | gREENE cOUNTy $269,000 $143 per fin. square foot On market for 71 days


One was in Madison with



170 CyPress CirCle


price of $79,000



• One was in louisa with a

NelsON COuNty real estate tax rate: $.55 per $100 of assessment OraNGe COuNty real estate tax rate: $.47 cents per $100 of assessment


RING SONJA 434-981-3523

RING SONJA 434-981-3523 FOXCROFT Four bedroom house with unfinished walk out basement just 10 mins from UVa, Downtown and stone’s throw from schools and mini-mall for last minute necessities with views of Carters Mtn. from deck. Kitchen has island & breakfast nook, family room has raised hearth fireplace. Living and dining room are combined for less formal feel. Master bedroom suite is to die for, with cathedral ceiling and 2 walk in closets! Yard is fully fenced. Great value at $362,000. Ring Sonja 981-3523

CAAR Real Estate Weekly |

SaleS S t a t S


CAAR Real Estate Weekly |

Feature 10 december 1 - december 7, 2011 | Issue 20-48


Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011


e spend almost a third of our day sleeping (or trying to sleep!) so if you’re not one of those fortunate people who can sleep anywhere/anytime, you might want to put ‘a good night’s sleep’ on your New Year’s Resolution list. To help you create the optimum environment where you can relax, unwind and disengage, here are a few things to consider if a bedroom update is on your list of things to do in 2012.

At the Threshold You open the door to your bedroom and you see ‌??? You feel ‌??? If your current bedroom doesn’t invite you to relax, be healed and re-energized, then it’s time to make changes. Some of those changes, such as re-organizing the room or adding new bed linens and curtains, can be very simple and do not require that you throw out everything and start over. Some bedrooms, however, might need more intense remodeling and if that’s the case, you will want to seek a professional to guide you. Whatever route you choose, it’s important to remember that your bedroom is ‘your personal real estate’ and you’re the one who must feel good, relaxed and calm in it, no matter the style.

by Francesca Toscani

What’s Happening with Bedroom Design? Where new construction is concerned, Americans are downsizing their homes in order to keep pace with the economy. David Barista, editor-in-chief of Professional Builder and Custom Builder magazines said in recent years the trend definitely is pointing in the direction of smaller homes. In fact, the median size of new U.S. homes fell from 2,277 square feet in 2007 to 2,135 square feet in 2009, according to the National Associa-

• Upscale kitchen w/ solid cherry cabinets • Master suite with 2 baths • Formal Living & Dining Rooms • Family Room with Fireplace

• Large screened porch, and amazing amount of closets & storage • This home is sure to please the discerning buyer • MLS#486097 • $487,000

Linda Broadbent, CRS, SRES, GRI Certified Residential Specialist Senior Real Estate Specialist

434-960-0375 Cell or Extraordinary service with a personal touch 4()3).&/2-!4)/.)3"%,)%6%$4/"%!##52!4% "54./4'5!2!.4%%$

tion of Home Builders. This doesn’t mean the number of rooms are being cut, but it does mean that the size of those rooms is growing smaller by ten to fifteen percent. Despite that shrinkage, some basic wish list items remain the same. That being said, if you don’t intend to buy a new home but want to make an addition to your current home, the popularity of adding first floor master suites is a growing trend, especially as baby boomers age and find it easier to navigate a singlestory home. While a master suite addition is one of the most expensive home improvements you can make, you can expect to recoup about 63 percent of your investment on a midrange master suite addition, and 53 percent for a high-end job, based on national averages. Payback depends more on how it compares with other houses on the block. If your neighborhood is filled with empty nesters

with two-bedroom houses, you probably won’t recoup your investment in a luxury master suite. But if master suites additions are common in your area, you’ll recoup more. If you add a master suite onto your first floor, you’ll spend a good portion of your budget on site excavation and foundation pouring. If you can take advantage of existing space—such as building over a garage or converting an unfinished attic or basement—you can save between 20 percent and 60 percent on construction, and increase your return. A good rule of thumb is only do the work if you plan to stay in your home for at least three to five years.

Eco-Friendly Rooms New trends in bedroom design often echo those of the fashion world, incorporating eclectic, eco-friendly surroundings that combine a sense of serenity with more lively adaptations of traditional design style.

Many hoMeowners are Mixing it up, Blending diFFerenT periods and sTyles To reFlecT Their personal TasTe. This adds characTer and individualiTy To The room.

CAAR Real Estate Weekly |

Bedroom Trends For 2012

• Stunning one level custom built home • Designed for intergenerational living • Located in a private Still Meadows setting close to NGIC and major shopping



still meadow


CAAR Real Estate Weekly |


december 1 - december 7, 2011 | Issue 20-48

Many homeowners are mixing it up, blending different periods and styles to reflect their personal taste. This adds character and individuality to the room. You don’t have to have matching beds and dressers any more. Eclectic style enlivens the bedroom and adds interest. This is a trend that will last because you can always switch pieces out or add new pieces when the urge strikes you or the styles change. There are a number of shops in Charlottesville and surrounding areas that are virtual treasure troves for unique pieces that speak to you. An eco-friendly bedroom is a trend that won’t go out of style any time soon. Eco-friendly home products are becoming more widely available. From paint and flooring to energy-conscious lighting and resource-saving furnishings, many manufacturers are doing their part to bring environmentally aware products into the home. As a matter of fact, several have made calm, healthy environments for sleep part of their life’s work. At Savvy Rest ( makers of quality organic mattresses, toppers, and pillows in Ivy Commons, Michael Penny discussed the importance of mattress selection. Penny has been involved with yoga and other healthy disciplines for years and started educating about, and selling, organic mattresses as an extension of this lifestyle approximately eight years ago. Knowing the body’s physiology, he sees that having the correct mattress to match

your body’s needs is the first step toward quality sleep. Clients may come with physical problems that need special attention on mattress construction, or as couples who have dissimilar mattress needs. Penny helps you choose a mattress that is custom made to your specifications – even on different sides of the same bed – and one that will have a 20-year warranty, triple the usual mattress life. Also, being a proponent of clean indoor air quality, Penny said that the more he learned about ‘off-gassing’ of toxic chemicals and pesticide residues in traditional mattresses, the more it became, “… my life’s work to create a healthy, comfortable alternative.” For persons who are not ready to buy a new mattress, Savvy Rest has certified organic wool toppers that are a pleasure to lie upon and will give your body more of the support and comfort it needs, as well as organic custom pillows. Walking around the Savvy Rest showroom, one feels a sense of calm and peace transmitted by the soft wall colors and bed selections made of natural woods and other materials. Penny says he does not ‘decorate’ with a design philosophy per se but wants clients to feel safe and welcome both at the showroom and at home.

Incorporating Feng Shui We all know the experience of walking into a room and feeling that something’s not quite right; it’s a little off-kilter. In the last 20 years or so, some Western interior designers have turned to Feng Shui (fung shwai) for

guidance in design and decor. This is an ancient Chinese system of siting a home and placing objects. Its purpose is to have the ch’i (loosely translated as life’s energy) circulate easily, thereby promoting good health, happiness and, subsequently, good fortune. At first glance, some people may be deterred by Feng Shui’s seemingly endless injunctions and hardand-fast rules, but in a broad and elemental sense it can be compared to our Western concept of ergonomics—systems designed for simplicity of movement and functional utility. Sally Fretwell is an expert in color selection and Feng Shui and gives a more ‘design and decorating’ organic take on the subject. To create healthy as well as beautiful spaces, she developed her own paints and primers that contain no VOCs (volatile organic compounds). Her color palette is created from nature photographs and, as a Feng Shui expert, she agrees that the important element in design is for the homeowner’s energy to flow smoothly. However, Fretwell’s design philosophy on bedroom color does not differ from other rooms, since she is absolutely clear (and her clients agree) that it almost doesn’t matter which color you choose as long as it has warm tones added to it. Warm tones, even in blues, whites, and grays, will pull color and light in, as opposed to reflecting, and allow you to feel as if you’re enveloped by color. Fretwell strongly advises to consider the ceiling as the 5th wall of the room. If your ceiling is the typical flat white, it can destroy the ambiance of the whole room, defeating the purpose of remodeling. Off-white tones with warm hues are better for ceilings, while there are special times when the color of the ceiling can be a lighter shade of the walls, continuing the design upward. But the ‘must’ is a warm tone so that the ceiling is not reflected down onto the room and “…shouting back at you!” As for light or dark, soft or hard colors in the bedroom, Fretwell feels that contrary to popular belief, dark colors are very appropriate for bedrooms and they will not make the room look smaller. A deep color can actually make it feel larger because it pulls warmth in and absorbs light, giving depth to the room, while light colors are not necessarily ‘softer’ and more relaxing that dark colors. All shades can be ‘relaxing’–even the energizing ones of yellow and orange. And sometimes, as Sally says, “… people who have difficulty getting moving in the morning may need more of an energy boost than calm and se-

renity. So, one size does not fit all in bedroom color.” Fretwell’s website,, contains information to help you get started to create your own safe haven.

You Can Do It Overall, there are numerous ways to update your bedroom and the new trends in bedroom design make it easy. Bring in new accessories. Install new lighting fixtures. Reupholster traditional chairs in a contemporary fabric for a bit of eclectic punch. Paint a piece of garage sale furniture. Put new eco-friendly linens on the bed. Paint the walls a soothing modern color or give the room a punch with a bright color on one wall. Bringing your room up to date doesn’t have to cost a small fortune. However you decide to employ today’s bedroom trends, finding peace and relaxation under your roof is something everyone can do. A cursory look at decorating books and websites dedicated to color impact, gives an overall view of the ‘right’ color for your bedroom, with variations that can be adjusted to personal preferences and styles. All paint companies have their “Trends for 2012” colors and “Searchers-onthe-Quest” for the perfect night’s sleep can visit the websites below to get started on their New Year’s resolution. Good luck and good night! Francesca Toscani (Interior Editions) specializes in reworking and remodeling difficult kitchen, bath and other interior spaces to unlock their potential. francesca.;

Link Me Up! • Behr Paints: • Benjamin Moore: • Farrow & Ball: http:// • Pratt and Lambert: • Sherwin Williams: • Valspar-Eddie Bauer Series: (strong, bold, nature-oriented) • Easy Feng Shui: • (sums up the general feeling for colors to enhance a good night’s sleep)


Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011

A Virginia Tradition Since 1927

Roy Wheeler Realty Co. 80 years of Trust, Tradition, and Market Leadership Celebrating Over 75 Ednam Hall • 1100 Dryden Lane • Charlottesville, VA 22903 • (434) 951-5155 • Fax (434) 951-5190 Email: • Website:

WONDERFUL REMODELED HOME in the country. This house is a gem and worthy of someone looking for skilled craftsmanship. It retains the original hardwood floors, handcrafted fireplace mantel, doors and banister. All of the bathrooms are tiled. The lot is a mix of open and woods with plenty of room for a garden. $197,900. 531-9581. (493943)

FIRST CLASS OFFICE SPACE available for lease near Free Bridge. Great location for Martha Jefferson Hosp. Opportunity to sub-lease a portion of 5100 sq. ft. in exceptionally well built 2 story office bldg. Existing tenant down-sizing to about half the space, but are flexible. Gross lease terms include all but phone & janitorial. Offered below market at $16/s.f. Hock Hockensmith 951-5110/996-3333. (493867)

GREAT BUILDING LOT in beautiful Boxwood Estates. Fantastic location 5 minutes to shopping and dining! Build your dream home on 2 acres in this picturesque subdivision! From Charlottesville take Route 53 East to Cunningham Store. Turn right on Rt. 619 and go 1 mile to Boxwood entrance on the right. $39,900. Errin KardosSearcy, 981-3872. (494056)

TREMENDOUS VALUE in Little Mountain Estates. Over 3000 finished sq. ft. with 4 bedrooms, 3.5 baths, family and bonus rooms. Add more living space by finishing the basement. Attached 2 car garage and take in the views from the front porch. $339,000. 960-5187. (494026)

SUNRISES WORTHY OF A POST CARD. Cozy cottage is nestled on 10+ acres overlooking farms of the South River Valley. Partially wooded that promotes privacy and wildlife and boasts impressive valley views. Call today! $279,000. Matthew Woodson, 9605187 and Rod Brunelle, 760-4663. (493784)

GREAT GREENE LOCATION! All on one level and better than new. Spacious home located on a 1.5 acre level private lot. 4BR/3.5BA, hardwood floors, 9’ ceilings, custom kitchen with granite, cherry and stainless. Attached 2 car garage, screened in porch and deck. Minutes from Hollymead Town Center. $449,000. Joan Esposito “Your Running Realtor”, 760-1028. (487584)

BEAUTIFUL DOWNTOWN McGuffey Condo. Just steps from the historic mall. Tile floor in entry and kitchen/b’fast. Wood floors throughout, California closets, spacious living room with built-ins and fireplace. Great deck facing west with city and mountain winter views. Very private with great light. Can’t beat this location! $250,000. Alex Ix 951-5177/9620509. (486494)

GORDONSVILLE. This level 2 acre lot, offering privacy among large hardwoods, awaits your new home ideas. Lot is accessed by an established and shared private road for 4 lot subdivision. Located just outside the town of Gordonsville and convenient to Charlottesville or Town of Orange. $45,000. 9605187. (485237)

COOL OFF HERE! 16x32 pool, fruit trees, fenced yard, and corner lot. 4 bedrooms, 2.5 baths, over 2000 square feet, hardwood floors, open floor plan, cathedral ceilings and 2 car garage. One year warranty. $229,900. Susan Stewart 242-3550. (490800)

GREEN CREEK FARM. Privately situated, completely renovated farmhouse located in Southern Albemarle County on 81+ acres offers open rolling pastures, mature hardwoods, great mountain views and frontage along 2 year-round streams. Additional acreage available. $595,000. Steve White, 951-5112. (493500)

HARDWARE RIVER FARMS. Situated at the end of a cul-de-sac in Albemarle County, within 15 minutes of town, you will find this gorgeous elevated 5+ acre building site set amongst mixed hardwoods. Priced well below assessment at $139,000. stevew@virginiafineproperties. com Steve White, 951-5112. (493389)

CUSTOM BUILT HOME offering one level living. Corner lot with a 14 x 32 outbuilding for storage and/or your car. This well-built house features cathedral ceilings, an open floor plan, three bedrooms, two full baths and a screened in porch. WOW! You don’t want to miss this one. $266,500. Jan Shiflett, 242-6057. (493403)

WOW! What a location. Off the beaten path, a hop, skip, and a jump from the new Meade Avenue Water Park, local enticing eateries and a 15 minute trot to the mall and City Market, this 3BR/1.5BA 1960s CITY home has central air, hardwood floors and a finished lower level family room, wet bar, laundry area, and a 1 car garage. A GREAT CITY BUY AT $239,000. Courtney Sargeant, 962-3100. (493763)

UNIVERSITY VILLAGE. A carefree and luxurious condo for active adults 55 & over in a community environment offering indoor swimming, exercise room, fine dining, numerous cultural activities, indoor parking, storage and much more. $299,000. Joan Jay 295-1806/906-1806. joanjay@roywheeler. com (493491)

BUILD YOUR NEW HOME HERE! This nice wooded lot offers privacy and is only minutes to the gate, tennis courts and the playground. Ask about special builder packages! $40,000. Susan Stewart 2423550. (493441)

WHERE CAN YOU find ½ acre of privacy, 5 min. to UVa, sidewalks to “Barracks Road” AND “County” schools? This 4BR/3BA, wonderful family home has hardwood & ceramic floors, heated all-season sunroom, decks, porches, FP, home office, 2 car garage and beautifully-landscaped fenced-in yard. $359,000. Joan Esposito “Your Running Realtor”, 760-1028. (493615)

PRIVATE SETTING. Listen to the creek babble from the custom screened porch of this beautiful 4 bedroom home. Located on a private cul-de-sac, this move-in condition home has a first floor master bedroom, three full baths, walkout basement, 2 car garage and much more. $309,900. Mike Peters 951-5119/981-3995. (493789)

IMAGINE 80 acres so close to town. Majestic and graceful brick Georgian, built in 1976, on an elevated plateau above Ivy Creek. Easily divided into two estates. In-ground pool, two car garage and location, location, location. $2,950,000. Jim Bonner, 951-5102. (489444)

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

APSARA. Picturesque, 448-acre estate in Albemarle. Rolling pastures, park-like woodlands, 2 stocked ponds and stunning Georgian manor home. Magnificent views from every window. Additional improvements include early 18th century log cabin, icehouse and manager’s home. Gerri Russell 531-9581 and Frank Quayle 951-5100. (474936)

CAAR Real Estate Weekly |





$3 FR 85 O ,0 M 00 !


GREAT BUILDING LOT just outside the town of Palmyra in a fantastic location convenient to Charlottesville and Richmond. Hardwoods and privacy make this a perfect lot to build your dream home! From Charlottesville: Rt. 15 into Palmyra, left onto Courthouse Rd., left onto the 2nd Oak Creek Rd. Property on left. $41,500. Errin Kardos-Searcy, 981-3872. (494053)


december 1 - december 7, 2011 | Issue 20-48




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Splendid country property on over 20 acres with woods, gardens, barn, and an amazing and completely renovated 5 bedroom, 4 1/2 bath farmhouse. Copper roof, antique appointments, ceramic tile counters. Priced well below cost. $795,000. MLS#488417

Carters Bridge estate area. Extraordinary offering of nearly 20 acres with (3) homes, currently leased. New well, septic, cash flow, and beautiful views and seclusion, surrounded by thousands of acres of land in conservation easement. $675,000. MLS#491842




Private and peaceful family home built in 1997 on nearly 30 acres on the Rivanna River. First floor master suite, cherry cabinets, granite counters, home office, beautiful wrap around porches and raised bed gardens. $745,000. MLS#491266

Along a winding country lane sit these lovely groomed parcels of 21 to 48+ park-like acres in Albemarle County with sites on elevated knolls or establish a farm in a protected community of large farms and estates. Offered from $245,000.

Spectacular Albemarle estate of 100 acres overlooking pastoral river valley. Gently rolling, board fenced pastures, old oaks and idyllic pond. Spectacular new Georgian home of classic proportions and 10,000+ square feet of the finest quality and detail. $3,450,000.


Extraordinary 106+ acre riverfront estate and horse farm. Beautifully crafted by Abrahamse in 2000 of the finest materials featuring dramatic open floor plan. Indoor and outdoor fireplaces, wine cellar, pool/pool house, fabulous barn, magnificent 4 acre lake. $2,450,000. MLS#493735



Always a fine selection of outstanding town & country properties.

Carved from an historic estate this 4 bedroom/3 ½ bath home on 4+ wooded acres has incorporated antique architectural elements with new features like granite counters, grand sunroom and new HVAC for comfortable country living. $499,000. MLS#484609


CAAR Real Estate Weekly |


Overlooking Barboursville Vineyards this 61 acre estate features one of the finest Blue Ridge views we’ve seen in Albemarle County! Light filled open floor plan, guest home, ancient Jefferson Poplar, fenced and immaculate. $2,450,000 MLS#492016


Surrounded by horse farms this light filled 4 bedroom/2 bath Cape Cod on 21+ quiet and peaceful acres has new upgrades and additions, babbling waterfalls, and beautiful grounds all in excellent condition. $675,000.


Charming cottage on 1.5 acres with mature berries and almost 1,000 square feet boasts newly renovated kitchen, bath, 2 bedrooms, living room, wood burning fireplace, woodstove, wooden deck, and cozy rocking chair covered porch. $115,000. MLS#490095

SAGE HILL Beautiful Albemarle horse farm on 21 private acres with 13 board fenced acres, 3 automatic waterers, 2 barns and immaculate 2001 farmhouse with wraparound porches and in-ground pool. All in perfect condition. $885,000. MLS# 491918.


The Top Producing Agent 20 consecutive years.* Since 1998 sales volume in excess of $331,000,000 including over 36,500 acres.


Located near Old Rag Mountain in Madison, this handsome Victorian home c. 1911 graces 15 acres with stocked pond, guest cottages, barns and studio. Currently operating as a B&B. $679,500. MLS#487808

Use your phone to find a home. It’s that easy. (434) 951-5102 20 years of experience at your service. A Virginia Tradition Since 1927

Ednam Hall • 1100 Dryden Lane• Charlottesville, VA 22903 This information, though deemed correct, is not guaranteed.

*According to the CAAR MLS for total volume of sales



A Common Money Dilemma:

Payoff or Invest? By roger a. varner, II

using the historical average of eight percent return in a given year will provide a good rate of return over the long term. This person will have an income of $48,000 per year or $4,000 per month in gross salary. The personal tax bracket in this scenario will be 30 percent, which will be the combined federal and state taxes. With these variables one can compute the monthly payment of each choice. The 401(k) will have five percent of the monthly income ($4,000) that translates to $200 a month,

with a company match of $100 for a total of $300 a month into the 401(k) plan. The credit card option has to be paid with after-tax income or take-home pay so the same $200 a month becomes $140 a month after-taxes that can be applied toward the credit card. From the beginning it would seem like the $300 a month of increased assets is preferable to the $140 decrease in debt. This is where the different rates of interest come into play, as there is a time value of money consideration.

The 401(k) option of $300 a month for 3 years (or 36 months) growing at eight percent a year calculated monthly results in a 401(k) balance of $12,161. Should there have been zero growth in the market, however, the balance would only have been $10,800 and even lower should there have been negative growth. To get to a number that is comparable to the other option we will then calculate the after-tax balance to be $8,512 by taxing the $12,161. The credit card option of $140 extra a month applied to the balance over 36 months would result in a savings of $6,219 via a $5,040 reduction in the balance and $1,179 in reduced interest. These savings are guaranteed and not market dependent but may vary if the interest rate on the card changes. While this result shows that over a three-year period the 401(k) option results in a larger balance than the credit card savings, over the long run the higher rate of the credit card interest will overtake the 401(k)’s rate of return. For this example the credit card option would overtake the 401(k) during the 134th month and then proceed to outpace the 401(k). In our scenarios, this individual would be better off to apply the extra funds at their disposal towards paying off the high interest rate credit card and then shifting to the 401(k) when the credit card is paid off. There are many variables in these calculations so the decision outcome may differ, but educating oneself in personal finance always will result in a positive value through the knowledge gained. Seeking the advice of a financial advisor is always recommended if you are not sure of your calculations or simply want a second opinion.

Do I pay off a credit card or fund my 401(k) with my excess funds? The answer is not simple and varies from person to person depending on their circumstances.

home finance

ersonal finance can be defined as all financial decisions and activities of an individual, including budgeting, insurance, savings, investing, and debt servicing among other things. It’s been said that money makes the world go round and yet personal finance is something many learn from their parents and friends, through word of mouth, or tidbits of information found in fine publications such as this. Recently Virginia has required that financial literacy be part of the high school curriculum that all students must complete before graduation. By learning financial decision-making skills early, they will be better prepared to tackle some of the common money dilemmas that adults face every day. One such dilemma is—do I pay off a credit card or fund my 401(k) with my excess funds? The answer is not simple and varies from person to person depending on their circumstances. However, there are some steps you can take to figure out which option is best for you. The first step is to gather the information on all the variables. These include the interest rate on the credit card, any company 401(k) matching details, the historical return of a diversified 401(k) plan, yearly salary, and personal tax bracket rate. Keeping that in mind, let’s create a scenario to demonstrate how to determine which answer makes the most financial sense for you. Today the average American credit card carries an interest rate of about 14 percent so we will use that as the credit card interest variable. Companies vary greatly on their 401(k) matching programs, as some will match 100 percent on the first three percent the employee puts in while another may match 50 percent on the first six percent the employee contributes. For the sake of our scenario, we will use a company match of 50 percent on the first five percent the employee contributes as the variable in this calculation. The performance of 401(k)s will vary year by year depending on market conditions, but

CAAR Real Estate Weekly |

Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011


december 1 - december 7, 2011 | Issue 20-48

Montague, Miller & Company





View All Area Homes for Sale, Visit


Near DT Cville & UVA. 5 BRs/3.5 BAs. eat in-kit w/maple cabs, stainless & granite. Custom colors, hdwds, tankless hotwater heater, 1-car garage. SPECIAL FIN. INCENTIVES! MLS# 494081, $349,900. Ronda McCauley, 434.760.1718


Ten stall barn w/heated tack room, wash racks, hay & grain storage+10 paddocks w/4 board fencing & riding ring-all in excellent condition! A beautiful 5 BR home on 32 acres. MLS# 493950, $1,895,000. Karyn Trumbull, 434.951.7191

CAAR Real Estate Weekly |


Spacious Scottish home open & owing w/soaring ceilings to set the scene for casual but elegant lifestyle • 4 bedrooms & 4.5 baths • Family room w/stone FP • Kitchen w/cherry cabinets & breakfast room • Formal dining rm & study • 1st oor master suite w/ sitting area • 2nd level offers 3 large bedrooms each w/bath • Upstairs sitting room or hobby area, storage room/ attic • Large fenced back yard. MLS# 486443. $599,900. Glenmore Marketing Team, 434.951.7160


3 AC board-fenced pasture, creek, runin sheds, 4-stall stable, tack/feed rm, paddock, storage sheds, fenced yards for goats, dogs, etc. 2788 sf residence. $375,000, MLS# 492296. Alice Fitch 434.981.4562


4 BR, 3.5 BA home near UVA! Fam Rm w/ gas FP opens to an eat-in kit w/ island. MA suite w/vaulted ceilings, walk-in closet, dbl vanity, jetted tub. MLS# 490067. $369,900. Ronda McCauley, 434.760.1718


Great value! Turnkey operation. Successful restaurant w/bar. Patio adds 20 seats. Connects to add’l restaurant. MLS #485475, # 485477. Buy both at discount. Owner will mentor buyer if desired. Yates Nobles, 434.996.0888


Beautiful Two Story with European air. 1st Level Master, guest rooms on 2nd level. Finished terrace level. MLS# 482587. $935,000. Glenmore Marketing Team, 434 .951.7160


Built in 1898, near Walton Mtn with several outbuildings, possible ofce/ studio. High speed internet. Private back yard adjoins wooded tract. MLS# 490873, $89,900. Carol Costanzo, 434.962.1419


3 BR Townhouse w/FIN BSMNT. Faux hrdwd rs in LR & Rec rm. Large BRs, eat in Kit, & Great Rm. Fenced backyard. Comm. pool, clubhouse, tennis & more. MLS# 492123, $166,500. Sal Milione, 434.882.4000


Raised ranch design w/recent updates incl/stonework inside & out, ceramic tile, 2 level deck. MA suite w/BA & walkin closet, whirlpool tub. MLS# 486583. $214,900. Trish Owens, 825.5393. Kyle Olson, 540.649.4131


From landscaping to interior nishes, no detail left out. Hrdwd oors, ceramic tile, soapstone counters & new stainless energy-efcient appliances. Stone FP. $389,900, MLS# 492294. Victor Ray 434.962.2628


4 BR/3.5 BA Colonial on park-like corner lot. Formal LR & DR w/bay windows. Hdwd oors, upgraded Kit w/ granite, new stainless appliances & eat-in area. MLS# 488625, $479,000. Ronda McCauley, 434.760.1718


Wonderful Model Home built by Peak Builders,Ltd. In early complete w/great detail. 9 ft ceilings, Garage, Cherry Cabinets in Kit, Oak Floors.3 BR, 2.5 BA. MLS# 487471. $399,000. Andrea Gruber 434.960.7738

Charlottesville: Westeld 434.973.5393 800.793.5393


Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011

We will raise your expectations of a real estate company! View Our Upcoming Open Houses, Visit!


c.1790 farmhouse in S.Albemarle, restored w/original materials, period details & mod. conveniences. 85 AC, open pasture, two streams. MLS# 487417. $895,000. Carter Montague, 434.951.7156. Pat Sury, 434.760.2999


This Charlottesville Water St. condo has 2100+ n. sq.ft on two levels. 3BR, 2.5 BA, 793 ft of OUT DOOR space on top oor! Buyer makes nal selections! $800,000. MLS# 476717. Trish Owens, 434.825.5393


Exquisite one level 4141SF home. 11+ AC w/2 buildable lots. Magnicent setting overlooking a 10 ac lake, w/ oating dock, & beach. See also MLS 486111. MLS# 487248. $1,249,000. Carol Costanzo, 434.962.1419


3 BR, 2 BA & 1st oor MBR. Private 1.34 acres, close to town of Scottsville, walk to shopping center. Incredible lot. Wood-working shop in back. MLS# 488797, $274,900. Anita Dunbar, 434.951.7135


Sights & sounds of nature surround you on this 7.9 acre N. Albemarle property overlooking Marsh Run which meanders across the 7.9 acre parcel. 3 BRs, 3 BAs. MLS# 485782, $560,000. Joseph Portereld, 434.906.1616


Well-kept one-level, bright contemporary w/ 2 Master suites, 2 additonal BR’s. Parquet rs. Close to shopping, Downtown, UVa, I-64. MLS# 481818. $273,000. Edwina St. Rose, 434.284.0094


.57 acre lot w/lake frontage. Gourmet Chef Kit, 1st Flr MBr. 2nd MBR. GRm w/dbl atrium doors overlooking lake. Screened Porch, 2 decks. Double Basement. MLS# 485434. $599,000. Carol Costanzo, 434.962.1419


Beamed vaulted ceilings, open oor plan & bright LR, DR, & Kit. Convenient to NGIC/DIA/Hollymead Twn Cntr. 2nd kit w/living area, BR, BA in bsmnt. MLS# 491044, $83,835. Sal Milione, 434.882.4000



47 ACRES, 8 Fenced elds, 8 stall center aisle barn, trails, pond, w/Rivanna River frontage. Cottage style home w/hdwd oors, custom cabinets, Master w/ vaulted ceilings & lg tub. MLS# 484620. $645,900. Pam Dent, 960.0161


5 minutes from the historic town of Scottsville you’ll nd a beautiful 10 acre parcel of land ideal for your next home. No restrictions, no HOA fees. MLS# 480271. $169,900. Victor Ray, 434.962.2628

Two 2+ acre wooded bldg lots on quiet road minutes from Zion Xroads. Easy commute to C’ville. Enjoy country living while being close to everything. MLS# 491810 & 491808. $59,000 & $60,000. Pam Dent, 434.960.0161



Commercial grade 55+ gpm well and 8 div rights. 4 springs, stream, oak & beech forest, 30 AC open elds. View of Monticello & SW Mtns. $1,900,000. MLS# 491835. Yates Nobles, 434.996.0888

Charlottesville: Downtown 434.227.4444 866.435.9764

Open level estate parcel ready for your custom home. Well in place, septic eld approved. Private 2.08 acre parcel great priced lot in Earlysville. $179,900. MLS# 484005. Jan-Bas Van Beek, 434.981.6122


Fantastic floorplan with space for all. 6 BR, 5.5 BA, Great room w/stone fireplace, gourmet kitchen, fabulous lower level with media rm & wetbar. $849,000. MLS# 478071. Glenmore Marketing Team 434.951.7160


Building has 3 separate units. Retail space varies dependent upon use. Each unit has 1/2 bath. Top Unit has Kit. Sold AS ISSeller Will Make No Repairs. Some Owner Financing Available. MLS# 492508, $200,000. Kyle Olson, 540.649.4131


Lovely 3Br/1Ba home in Stanardsville -excellent condition. Beautiful hdwd oors, fresh paint, new windows, ceiling fans, gas FP, & dream kitchen with extra wall oven. $178,000. MLS# 489774. Mandy Bass, 434.962.9730


Concierge Services

434.951.7161 office We’ll find you a perfect fit for all of your home repair and remodeling projects!

CAAR Real Estate Weekly |


End unit w/mtn views,in of one Cville’s premier 55+ condo communities. Conv. to Boars Head Inn, Farmington CC, UVa, & shopping. MLS# 486799. $299,900. Anita Dunbar, 434.951.7135


december 1 - december 7, 2011 | Issue 20-48

Montague, Miller & Co. REALTORS® Nelson OfÀce 434.263.5088 local

800.422.6698 toll free

Visit us on the web at





Mixture of hardwoods on this 4.08 Ac., with NO RESTRICTIONS & Zoned Agriculture near Colleen and US 29. Level to rolling land that would make an excellent building site. Driveway into property. Minutes to the Tye River and Buffalo River. $24,900 Carole Saunders 434.981.3089

Possible Owner Financing on this 12 +- Hardwood parcel with state road frontage only 3 mi. to US 29 at Colleen. Great building sites w/stream, road into land & electric on site. Seller to pay for survey. Seller will consider selling less land. Let’s Make A Deal! Great Investment at $88,500! Carole Saunders 434.981-3089

Seller wants offers on this 3 BR., 2 BA A-Frame Home tucked amongst hardwoods on 3.47 Ac. Hardwood Frs. with FP in GR, Fenced yard, Screened Porch, Detached Garage, Paved Driveway, Plus $5000 toward Purchaser’s Closing Costs! $129,900 Carole Saunders 434.981.3089

REDUCED!! in. Top 38 acres of beautyMove surroundsright this charming home Quality tucked Renovations. AlltheNew Sheetrock Wall/Ceilings away at the base of Blue Ridge. The property features ALL New Wiring/Electrical a w/New 3BR, 1BAInsulation. home that sits among a mature setting with outbuildings & barns including unique building the yard Service Upgrade. New a Plumbing & in Bathroom that can be used as a Appliances, shop, cabin or playhouse. The landTile is Fixtures. New New Granite about half pasture and half woods with a spring starting on Counters. A MUST SEE DELIGHT! $109,000 the property. $389,900 Jim Wood 434.981.6382


Nanette Kirt 434.962.6602


Views of both Three Ridges and The Priest. About 5.62 acres minutes USpasture 29 butthat very half wooded of the property is openfrom fenced privately situated the Stagebridge Community has animals nowin and the rest is wooded within Nelson Co. with close proximity to Charlottesville. greatentry building Cublot. Creek the Paved roadsites. to each Enjoyruns this through serene sitting Multiple building sitesthe with long road inproperty. a small community who share love of nature. frontage. $249,000 Jim Wood 434.981.6382 $79,500 Carole Saunders 434.981.3089

PEAVINE LANE Build your new home on this 14 acre mostly wooded parcel. Mountain view. Perfect for privacy. $49,900 Nanette Kirt 434.962.6602



Call for details on possible Owner Financing on this private 12+- hardwood acres fronting on a paved with Seller drops price $30,000! Four state lots road totaling multi building electric and less than 1.25 ac. insites, thestream, shopping/business area3 mi. of to US 29 Plaza at Colleen. Seller will consider selling 10 ac. Tanbark which is just off US 29. Electric, without road frontage and pay for Survey. Great Location Water & Sewer are available. Owner is a with mountain views and Investment for your future. licensed Realtor.Carole $139,500 Saunders Offered at $88,500. SaundersCarole 434.981.3089

CAAR Real Estate Weekly |




Access to the Tye River and privately located on 5 Enjoy theft., above ground pool on these hot ac., thisa dip 1680insq. 2002, 3 BR., 2 BA., w/open 3BR, 2BA, LR cozy and FR. Sliding leading Ådays. oor plan features Den w/FP,doors Kitchen w/ Breakfast Area & separate DR, Tiered Deck off Kit., out to deck and 24’ round pool. Fenced in yard Detached Metal Workshop/Garage. Lovely wrought great for pets. Garage with a room overtop. Well iron gate at 2 entry. to $129,800 $148,500! Nanette Carole landscaped acre Reduced corner lot. Saunders 434.981.3089 Kirt 434.962.6602

152 Front Street, Lovingston

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Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011

Montague, Miller & Co. REALTORS® Orange Ofce 540.672.7373 local

866.672.7373 toll free

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Springtime Fresh!

One level all brick home in quiet neighborhood. Large kitchen with dining or sitting area, separate living room, family room and full unnished basement. Priced to sell! Karen Gregg 540-223-0527 MLS# OR569430 $225,000

Fun, Fun, Fun!

Bright Cape exudes personality; only a hop, skip & a jump from main beach on quiet, peaceful street. Numerous activities available. Move in ready! Pat Crabtree 434-989-3999 490616 $149,900

Built to Last…

…and has classic beauty. Two-story farmhouse on 3.93 acres just outside Town of Gordonsville. Plenty of open space for kids/ pets. Missy Garrison 540-661-2353 cmissc2@ LA7547879 $99,000

Why Rent…

…when you can buy a NEW home for less? 3 Bedrooms, 2.5 baths with main level Master Suite, 1200 nished sq, ft., covered front porch and more! Bonnie Brancheau 540-850-0535 bbrealty4u@comcast OR7640006 $99,900

Beautiful Lot… ...with both mountain and pastoral views on 13.81 acres. This parcel is open and gently rolling with an immaculate home site. Perk approved. Karen Morris 540-717-2478 KarenMorris@MRIS .com MLS# OR7574025 $230,000

105 East Main St., Orange

Real Estate Weekly

Holiday Deadlines

Let’s Go Fishing! .75 acre stocked pond on 14+ acres. 4 Home sites available to build your dream home today! Missy Garrison 540-661-2353 MLS# LA7671081 $85,000

Issue 2052: Monday, December 19th, 5pm

Issue 2101: January 5th, 2012

Reservations: Tuesday, December 20th, 5pm

Reservations: Friday, December 23rd, 5pm

Materials: Tuesday, December 20th, 5pm

Materials: Tues., December 27th, 5pm

Classified: Weds., December 21st, 5pm

Classified: Wed., December 28th, 5pm

Final Corrections: Thurs, December 22nd, noon

Final Corrections: Thursday, December 29th, noon

Your Life. Your Home. Your Closing. Real Estate closing can be an intimidating and confusing process. And, you don’t have one everyday. We do.

Let us help you nd your way home.

Offices Closed Monday, December 26th, 2011 & Monday, January 2nd 2012

338 West Rio Road Charlottesville, VA 22901 Tel 434.979.7799 Fax 434.979.8819

CAAR Real Estate Weekly |

Convenience of Earlysville!

Prime lot just minutes from Rt.29, airport and Hollymeade and the privacy of 21 Acres in Advance Mills Farm, N. Albemarle’s enchanting neighborhood of estate homes and horse properties. Robert Nigmond 540-4056-0106 MLS# 491595 $439,000


Rural Homesite…

…conveniently located between Orange & Gordonsville. Older home on the property is not habitable. Pried less than half of assessed value! Karen Gregg 540223-0527 MLS#492262 $45,000


december 1 - december 7, 2011 | Issue 20-48



CAAR Real Estate Weekly |

Sited perfectly to enjoy the sweeping spectacular Blue Ridge views over the Conway River, Edgewood Farm has been completely restored and expanded by the owner using Alexander Nicholson . #493717 Tim Michel (434)960-1124

Gorgeous brick home in Wind River on 4 acres. Classic design with up-to-date open floor plan and well proportioned rooms. 6 bedrooms/5 bathrooms on three living levels offer flexible living arrangements. Expansive windows bring in light and the beautiful vista. 3-car garage. $979,000. Nancy Roche, 981-7873, for more information. #488057

Upper Brandon - Extraordinary c. 1825 historic brick Virginia estate with long frontage on the James River. Wonderful architectural details, intricate moldings and expertly carved woodwork. 282+/- pristine acres, complete privacy, guest houses, barns, museum. National & Virginia Historic Registers. $6,950,000. MLS# 492404 Steve McLean (434) 981-1863

ROSE HILL DRIVE - City charmer! The two story house has LR, DR, 2 BR & BA w/ granite counters on 1st floor. Enjoy quiet neighborhood convenient to UVA & downtown, accessible to bus line & public indoor pool. $275,000 C. Dammann (434)981-1250 #487570

Custom built Victorian nestled on 5 private acres seeks demanding buyer that will only accept the best! The gourmet granite kitchen is designed for entertaining. Hand-made custom cabinetry throughout, a sumptuous 1st floor Owners Suite & wheelchair accessibility, easy first floor living. Convenient to NGIC. Paradise! Charlotte Dammann (434)981-1250 #486146 $499,000.

BLANDEMAR FARM ESTATES –The setting is exceptional with bold mountain views, beautiful streams and hardwood forest and lovely open pasture land. Each lot has a unique quality from lakefront to mountain tops allowing for a variety of home design and lifestyles. Andrew Middleditch, 981-1410.

2650 Meriwether Drive in the heart of Ivy. New tile floor and counters in the open kitchen – family room with adjacent sunroom. Four bedrooms, 3.5 baths, unfinished basement with fireplace and third bath. Great home to make your own. Call Nancy Roche for more information, 981-7873. $280,000. MLS# 485926

GARTH ROAD - Private, mostly open 23+ acre parcel w/quality 4BR/5BA brick residence in Western Albemarle. 2BR/1BA guest quarters above garage, pool, greenhouse & equipment shed. $1,750,000. #484733 Steve McLean (434) 295-1131

PICTURESQUE RURAL SETTING - 101+ acres of pristine rural countryside located in eastern Orange County. Charming 3BR/2.5BA home features family room w/fireplace, formal dining room, kitchen, hardwood flooring throughout. Complete privacy, beautiful setting, great mix of open & wooded land, barn, storage buildings & huge pond. Ideal for livestock or horses. $850,000. MLS #493830 Steve McLean (434) 295-1131.

DREAM KITCHEN & ADJOINING FAMILY ROOM - Greenbrier School District. Fenced yard, 4 BR, 3 full baths, formal and informal living areas. 2 Fireplaces. On City bus line. Punkie Feil (434)9625222. $299,900 #479703

Exciting new listing in Briarwood near GE, NGIC and the Research Park. Only one on the market in this newer section. 2400 square feet, 4 bedrooms, 3.5 baths. Great light. Three finished living levels and additional parking behind home. $215,000. MLS# 493006. 4733 Blue Jay Way. Call Nancy Roche, 981-7873, for more information.

KESWICK COUNTRY CLUB-Spectacular new residence on golf course, PRICED TO SELL!!! 10,000 total square feet (7,794 finished), superb quality and craftsmanship, Priced below tax assessment: $1,975,000. Jim Faulconer (434) 981-0076

TREMENDOUS REDUCTION! NORTH DOWNTOWN - just two blocks from the Downtown Mall, this totally upgraded elegant residence is a rare find. In addition to the main house there is a fully equipped studio apartment over the two car garage. $1,495,000 Charlotte Dammann (434)9811250 #486907



Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011



Quintessential Virginia horse property, magnificent, Blue Ridge views, Only 10 miles NW of Charlottesville. 271 mostly open acres, c.1800 clapboard home, numerous other improvements. Moorman’s River frontage. Price upon request. Jim Faulconer (434) 981-0076. MLS#492414

THREE SPRINGS FARM – 5 BR traditional brick manor home, over 7,000 finished sq. ft. There is also a separate guest home and barn. Perfect for small horse estate, private and quiet, only 4 miles from Charlottesville. Tim Michel (434) 960-1124 or Jim Faulconer (434) 981-0076.

KESWICK - Walnut Grove is an impeccably maintained & updated brick residence on 6.9 park-like acres. Residence has LR; DR; huge FR adjacent to kitchen & screen porch; 4 BR/ 3 baths & 3 fireplaces. Charlotte Dammann (434)981-1250. #468844

APPLEBERRY LANE - this private retreat has an alluring lake and beautiful hardwoods. There are several building sites overlooking the lake. Enjoy the unspoiled land and woods with complete privacy. The existing cottage is being sold “as is”. $695,000. Charlotte Dammann(434)9811250 #479921

OLD BALLARD ROAD –5 BR, 5 BA brick +6100 sq/ft residence in Ivy. All custom features of only the finest materials, 1st floor master suite with FP, FR, professional kitchen all Thermador appliances, home theater, 3-car garage, and a lovely setting with sweeping pastoral views. Andrew Middleditch (434)981-1410. #489761

SHEEP CREEK FARM - Spectacular mountain retreat situated on +200 acres adjacent to the Blue Ridge Parkway & Peaks of Otter. Gorgeous contemporary custom residence w/ multi-level decks overlooking a wonderful mnt. spring creek. Andrew Middleditch (434)981-1410 or Charlotte Dammann (434)981-1250.

TWIN CREEKS ROAD - Complete privacy on over 27 acres w/spectacular pastoral, river & Blue Ridge Mountain views, less than 10 miles west of UVA. Wonderful 3BR/3.5BA contemporary offers beautiful hardwood flooring, 3 fireplaces, huge deck, screened porch & pool. Expansion possible! $1,100,000. MLS #484700 Steve McLean (434) 295-1131.

RAGGED MOUNTAIN FARM - PRICED BELOW ASSESSED VALUE! Stately 6,920+/- finished sq.ft. Federal-style residence w/Ragged Mtn. & Blue Ridge Mtn. views on over 3 acres in Ivy. 1st & 2nd floor master suites plus 4 additional bedrooms - all w/ensuite baths. Formal living room/library & dining room, 2-story family room, breathtaking Chef’s kitchen. Superb quality & excellent attention to detail! $1,595,000. MLS #494099 Steve McLean (434) 295-1131.

IVY- Immaculate updated residence on a two acre corner lot. Spacious rooms include LR w/ fp; DR; eat in kitchen; adjacent FR w/fp; 3 BR; & large flexible space. Very convenient to town and UVA. C. Dammann (434)981-1250. #489501 $449,000

BECKONING RIDGE - Wonderful new Braxton Design Group one story 10 minutes west of town in Ivy. Western schools, terrific location, Blue Ridge mnt. & field views. Summer occupancy. $799,900 Tim Michel (434)960-1124 #484689

COLTHURST FARM - Beautiful traditional Colonial style 4 BR, 3.5 BA, white stucco & wood, 3600 sq/ft home to be built by Precision Builders on a private elevated 1.75 acre lot minutes west of town, Barracks Road, UVA and airport. $1,198,750. Andrew Middleditch (434)960-1124 #486053

Classic brick home in Flordon on market for 1st time. Lovely formal living & dining rooms w/beautiful molding, den, spacious sunroom & large eat-in kitchen. Four bedrooms on 2nd floor each w/bathroom access. Remodeled walk-out terrace level w/generous rec room, study/office, 4 fireplaces, hardwood floors. $685,000. Betsy Swett, 249-2922, MLS 487850.


CAAR Real Estate Weekly |

MAXFIELD – 37+ acre estate located in the renowned Keswick Hunt Country features a circa 1767 renovated historic manor home w/handsome interior woodwork, hardwood floors, 5 working FP. Complete w/1.5 Story guesthouse, 6-stall stable, kennels, bank barn & machine sheds. $995,000. Steve McLean (434)295-1131/9811863. MLS #463584


december 1 - december 7, 2011 | Issue 20-48



CAAR Real Estate Weekly |



      !    " # !


THE LAND OFFICE Land, Farms & Fine Estate Properties

Issue 20-48 | d e c e m b e r 1 - d e c e mber 7, 2011



!$6%24)3).' Beth Wood ADS CAARCOM 

ANV Group.......................... 2 Better Homes & Gardens Real Estate III Craig Builders................. 7 Linda Broadbent............ 11


Charlotte Ramsey Realtors... 5 Court Square Title............. 19 Frank Hardy Inc. Sharon Donovan.......... 3, 9

%$)4/2)!,#//2$).!4/2 Joanne DiMaggio JOANNEDIMAGGIO EMBARQMAILCOM

Frye Properties.................... 4 Loring Woodriff Real Estate Associates........................ 24

!24$)2%#4/2 Tracy Federico TRACYF CAARCOM

McLean Faulconer, Inc....... 20 Montague, Miller & Company REALTORS....... 17 Nelson......................... 18 Orange......................... 19 Monticello Country REALTORS, Inc Joan White...................... 7


Nicholls Auction Marketing Group................. 7 RE/Max Affinity Group.......... 8 Roy Wheeler Realty Company............ 6, 13 Jim Bonner................... 14






HOMES FOR SALE FORECLOSURES (Bank owned properties) See them all at Jim Bonner (434) 951-5102 (24 hours) Roy Wheeler Realty Co.

commercial space DOWNTOWN STORAGE 1,000 square feet of secure, conditioned storage space in the Bank of America building on the downtown mall. Includes access to dock-high loading area on Water Street. $5 psf or $416 per month. Email if interested: No phone calls, please.

Visit us on the


Mountain Area Realty.......... 5 Nest Realty Group Amy Bender-Webb............ 5 Jim Bonner (434) 951-5102 (24 hours) Roy Wheeler Realty Co.

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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.


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705 ingleside lane $1,295,000 Just 5 minutes from Barracks Road and less than 10 to UVA and Downtown, this classic, 5-bedroom, 5-bath/2-half bath, Mennonite-constructed home is on a stunning 6-acre parcel that borders Ivy Creek. On a quiet culde-sac, the tract features gently rolling topography that evens out adjacent to Ivy Creek (think level playing field!) Premium finishes & extensive built-ins are showcased throughout a wonderful floor plan. This handsome home by Mission Home Builders is an excellent value with superior craftsmanship evident throughout. MLS# 493879


1101 SHERWOOD RD • $419,000 Value and style in a 1940’s 4-bedroom, 3-bath Cape. Open floor plan suits modern living with kitchen, living and dining flowing nicely into each other and enhanced by natural light, arched doorways and wood-burning fireplace. Energy efficiency upgrades. Lower level with full in-law/nanny quarters. Kristin Cummings Streed (434) 409-5619. MLS # 488741




)5((81,2152$'‡ You won’t believe how much high-quality, custom space this Speasmaker-built 4-5 bedroom, 3.5 bath home on 2 acres offers! Over 4,400 fin sf enhanced by wrap-around decks & covered porches. Huge stone FP, 1st-floor master, almost-level rear yard & 2 det’d sheds. Just 5 mins to Barracks Rd conveniences. MLS# 487897

156 HESSIAN HILLS WAY, #2 • $124,900 You will see the meticulous care the owners have taken, from brandnew A/C to limestone tile flrs & quartz counters, everything is tastefully renovated. New windows bring in natural light. Hardwood flrs throughout. Private patio. Mins to Barracks shopping, UVA, NGIC & Downtown. Karen Ball (434) 249-3199. MLS# 491986

/,1.(9$16/$1(‡ A Jay Dalgleish-designed Albemarle residence of uncompromising quality in a totally tranquil, private setting. The 5,000 sf home provides soaring ceilings, dramatic living & entertaining spaces oriented to the views, stunning finishes & BR suites on each of the 3 flrs. The det’d office features a FP, full bath & mini kitchen. MLS# 490623




300 RIVERBEND DR, 4C • $144,500 Enjoy the ambience of a tasteful top floor condo directly overlooking the Rivanna River. Stunning yet tranquil views. Spacious open flr plan. Large BR w/ walk-in closet & adjacent bath. Trails & an upscale pool & clubhouse facility. Close to new MJH, moments to UVA/Downtown. Karen Ball (434) 249-3199. MLS# 493746

LAGNIAPPE • $1,950,000 Dramatic, 1-level living on 11 acres w/ SW Mtn views. Features incl’ an octagonal formal lvg rm w/soaring ceilings; a contemporary, casual lvg wing w/12 ft ceilings, flr-to-ceiling windows, 5 fireplaces. 2-BR guest cottage & pool. On a quiet country lane, 10 mins from C’ville. Kristin Cummings Streed (434) 409-5619. MLS# 492221

507 2ND STREET, NE • $695,000 A light filled, 3-BR, 3.5-BA end unit townhome on historic N. 2nd Street, just 3 blocks to the Downtown Mall. Low maintenance living on a quiet residential block. A rare opportunity with only 4 townhomes in this bldg. Renovated kitchen & powder rm, built-in bookcases, FP. Two reserved, off-st parking spaces. MLS# 493404


LIBERTY MILLS • $995,000 Circa 1856 Somerset home on the Rapidan River, comprehensively renovated w/state-of-the-art kitchen, bathrooms, handsome & high-quality finishes. Main-level sitting room & att’d bath could be a 4th BR suite. Gorgeous views. 30 mins to C’ville, 60 to R’mond, and 90 to Wash. DC. MLS# 492275

Middlesex drive $1,495,000


Investors – don’t miss this extraordinary opportunity to buy 7 well-maintained 3-bedroom & 1.5-bath duplexes (14 units total!). These homes feature attractive, functional floor plans, solid hardwood floors, new roofs, and new HVAC units. All units are occupied with a total rent of $14,000 per month. These properties are centrally located just off of Barracks Rd and only minutes to the University of Virginia, both hospitals and Downtown Charlottesville. Available to buy individually or together. Call Karen Ball for details (434)249-3199. MLS# 494035


Real Estate Weekly 12.01.2011  

December 1st Issue of the Real Estate Weekly featuring: • Master Bedroom Trends • Common Money Problems