| 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)! |
| 115,000 | sold | 04410 | 3BR/2B home in a small town with some farm privileges |
| 75,000 | sold | 04680 | Fixer-upper 2-story brick home on 2 acres in Charlotte Co. |
| 86,900 | move in | 04690 | 3BR/2B single-wide with appliances & some furniture; 10 acs |
| 245,000 | move in | 04780 | Little old-fashioned farm for return to the rustic life of yesteryear |
| 290,000 | move in | 04870 | Rancher with 49 acres on the edge of a small town (Charlotte Co) |
| 370,000 | sold | 04890 | 82-ac country retreat, modern 2-story home & 3-stall horse barn |
| 75,000 | sold | 04920 | home & large shop building outside small town (Charlotte Co) |
| 169,000 | move in | 04930 | classic rancher and 4 wooded acs in the country (Lunenburg Co) |
| 110,000 | move in | 04950 | 4-bedroom double-wide on 3 wooded acres (Prince Edward Co) |
| 140,000 | sold | 05150 | Cottage zoned for living & running a business in a small town |
| 250,000 | fixer upper | 05160 | 55 acre farm on large creek with house that needs work |
| 85,000 | quite hilly | 05180 | 6 wooded acres, creek, well, electric, house (needs everything!!!) |
| 299,000 | nearly level | 05220 | 15-acre horse farm with 10-stall barn near Richmond, VA |
| 180,000 | nearly level | 05230 | 3BR/2B double-wide with magnificent oaks near Lake Gaston |
| 35,000 | move in | 05240 | neat little home in a small town |
