Local Realtor Shares His
Top 10 Best Buys!
Here are my monthly picks for best buys in Albemarle county and Charlottesville. And of course, they ALL get a little better when you consider my 20% Buyer Rebate Offer—–> http://www.BuyerRebateOffer.com
1. 3061 Amberfield Trail in Forest Lakes. 3 bedroom 2.5 baths, walking distance to Hollymead elementary and the North pool. The lowest $/sq ft in the entire sub-division–$412000 and 3624 sq ft PLUS 800 finished in basement! A 2 car garage along with a huge deck overlooking a nice backyard all on a cul-de-sac. Wow!
2. 3225 Malbon Dr. Forest Lakes. The first time I showed this property my socks went up and down, I was so excited. Huge home for the money, 2nd in cost per sq ft @ $148.07 with a price of $414900 and 2802 sq ft with an additional 1038 partially finished in basement, which is complete with a 2 car garage and workshop. But I really, really loved the wrap around deck overlooking the lake! Gorgeous. It’s on a cul-de-sac and readily accessible to everything! Top it off that the sellers recently dropped their price pretty drastically–I’ll take it!
3. Another beauty located on a quiet cul-de-sac is 2013 Locke Ln in Forest Lakes North. It comes in third in our sq footage calculations @ $149.46, well below the Forest Lakes average currently at $188/sq ft. Perfect for families with little ones and/or dogs ’cause of the protected fenced backyard. And you could watch them play while lounging with your summer ade on your gorgeous deck. There’s a finished basement padded with wall-to-wall for warmth and comfort. This house seems made for kids. There’s even a mural painted on one of the childrens rooms.
4. Another steal in Forest Lakes is 3117 Edgewater Dr. Located on a gorgeous cul-de-sac with views over the lake with the same name, this 5300 sq ft beauty has 5 bedrooms and 4 1/2 baths and pound for pound offers a great deal @ $154.19/sq ft!
And I’d be re-miss in my duties not to mention that I think Lake Monticello is looking pretty darn good right now–200 properties on the market, many vacant, many listing WAY under assessment, sellers willing to talk–so here are 4 of the best, in my opinion, ready for your family:
5. 635 Jefferson Dr. 2056 sq ft, 3 brs, 2 baths. At $185000 you can’t expect the Taj Mahal, but it looks like a solid house, it’s big enough for a family, and it comes with all the amenities of a small resort. Not bad.
6. Number 6 on this months list is also in Lake Monticello @ 5 Stonefield Rd. Completely redone over the years and boasting a low price per sq ft. 3 brs, 2 baths, $189000 and 1713 sq ft. Close to the main gate and main beach!
7. 166 Jefferson Dr. An unbelievable Golf Course Cottage Home. Newly renovated, new paint, carpet, ceilings, refrigerator, stove/oven and dishwasher. Dressing room with shower, vanity & cabinets are attached to the master bedroom, with light filled windows. Kitchen has plenty of cabinets with ceramic tile floors and 2 breakfast bars. Paved circular driveway with ample parking. This home over looks the 7th Fairway. It is priced to sell at $74,700 below assessed value
8. 18 Forest Dr. 3 bedrooms, 2.5 baths, A Very Sweet Home on Private Level Lot. Close to Beach 2! Spread out in this affordable colonial that is kept neat as a pin on a quiet St. Spacious living room off foyer, breakfast bar in kit. Overlooks family room & dining area. Upstairs vaulted ceilings in master bedroom w/attached bath & huge walkin closet. Nice sized guest rooms, full bath & upstairs laundry. Recently replaced windows & sliding door upgraded to insulated, double hung, tilt sash & vinyl clad. 1 Yr Home Warranty w/HVAC for New Buyer!
9. 1103 Druid Ave. Charlottesville. A little bigger than unit 4 doors down, and priced $20,000 less! Gorgeous, well appointed with 4 floors of living and within walking distance to everything downtown. Parking’s a little tight and the main road is outside your front door, but for a couple just starting? Perfect. This is the same kind of unit me and the Mrs started in years ago, except this one has a finished basement AND a garage!
10. 0 Spring Ct. Charlottesville. 2 units across the hall from each other come in @ $131/sq ft . Selling both units for $250,000. Great opp for investors.
Please, feel free to call me @ 434-964-7474 OR e-mail: Fulton@kw.com for more information and to sign up for your 20% Rebate!
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I moved here not too long ago. I looked at many homes but was disappointed by how expensive they are in this area.
What are your thoughts on the condo market? I ended up buying a 2B/2B condo at the Riverbend condos by Pantops. They seemed to be a good value and are in a really quiet and beautiful location. Do you think these will retain their value over the next few years. I ended getting mine almost $30,000 less than the list price.
My apologies on not responding sooner, I’m still learning how to use this application.
Only 2, 2 bedroom units have sold since Novemeber 1st, 2007 in Riverbend. One listed @ $218,111 and sold 6/30/2008 for $200,000 after 264 days on the market. The other listed for $237,078 and sold for $200,250 after 239 days.
Historically, if we go back a year, we see activity in Riverbend has slowed dramatically with a total of only 9 sold.
Currently there are 18 1 & 2 bedroom units on the market. The lowest @ $167,500 up to $229,901 with the average price being $203,638. Average days on market is 229.
What will happen in the future? No one has a crystal ball, no one can time a market.
If you’re an investor you’re probably going to do alright keeping the property and renting it ’cause we’ll see the rental market strengthening as buyers ability to purchase decreases–and this looks like what’s going to happen to many buyers–they’re going to wait to buy because they think market is still in a slide. Then, at a later date when they’re comfortable with the market, they’ll find lending options severly, and I mean severly reduced. IndyMac is gone this week and there’s plenty of rumblings and murmurings about more to follow next week and the week after…!
Hope that helps. Feel free to contact me further if questions remain and I promise to get back to you sooner than I did with THIS post!
Fulton