| SOUTH CENTRAL VIRGINIA HOMES |
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Homes are still a good investment
opportunity although the prices are gradually
escalating. When we came here 20 years ago,
homes were relatively cheap because land was
only about $500 per acre. Now it’s
more like
$2,500 to $3,000 per acre. Thus, home prices have increased
significantly. This is particularly true if you are looking at homes on small acreage. Good 5- to 10-acre parcels carry price tags of $4,000 to $5,000 per acre. Of course, it's somewhat more if the land has large trees or a pond or a creek. Therefore, homes with a lot of beautiful old oaks or a pond have really increased in value. Homes here make particularly good investments because the taxes are so low. In fact, taxes in some counties are only about $600 per year on a $100,000 property. On top of that, it seems our rural homes are actually assessed rather low -- sometimes at only 70% to 80% of market value. Call Colonial Farm Credit (800-777-8908 ext. 25) for a loan. |
| Price | Condition | Listing # | Description |
| 650,000 | sold | 03780 | West Hill Ca. 1807 home with 40 acres |
| 225,000 | sold | 03920 | Secluded log cabin and pond hidden in the woods on 48 acres |
| 230,000 | sold | 04240 | The best candidate for restoration I have ever seen (37 years)! |
| 86,900 | move in | 04690 | 3BR/2B single-wide with appliances & some furniture; 10 acs |
| 370,000 | sold | 04890 | 82-ac country retreat, modern 2-story home & 3-stall horse barn |
| 140,000 | sold | 05150 | Cottage zoned for living & running a business in a small town |
| 229,000 | move in | 05270 | 30-acre homestead with pasture, woodland & small creek |
| 33,000 | move in | 05410 | small home for a small family in a small town for a small price |
| 175,000 | move in | 05430 | 49 acres with rancher -- horses OK -- Owner will pay all Closing Costs ! |
| 245,000 | move in | 05440 | Ca. 1900 home on 25 acres with 4-stall horse barn, creek, pond |
| 190,000 | move in | 05550 | hide-away hunting lodge with well, septic system & electricity |
| 450,000 | move in | 05560 | 61-acre secluded retreat hidden in Southern Virginia |
| 111,000 | move in | 05570 | 2-story fixer-upper on 12 country acres with a small pond |
| 450,000 | move in | 05580 | Home designed for energy conservation and comfort on 10 acres |
| 170,000 | move in | 05590 | Brick rancher with marvelous veranda on 5 wooded acres |
| 375,000 | move in | 05600 | 85-acre working farm with authentic old home (Ca. 1860) |
| 295,000 | move in | 05610 | 73-acre country retreat with mobile home and approved places for 2 more homes |
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