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AS a REALTOR in Williamsburg VA I have always been frustrated at the lack of new homes available under $200,000. Yes the market has increased the inventory but currently the least expensive detached homes are priced at $240,000 those are located in Michelle Point a new development in the growing western part of James City County in Toano. Currently the least expensive new town homes/ condos are located at Pocahontas Square a Health E Communities development in lower James City County off of Rt 60 east of Busch Gardens Townhomes there start in the $190′s .You can also buy a condo or town home in Liberty Crosssing in Norge ( RYAN Homes ), Braemar Creek, Warhill Green or Williamsburg Village at Norge. Prices for these range from $209,000 to $227,000. The RYAN Townhomes are currently the least expensive three bedroom new town home available in Williamsburg/ James City County. Most of the builders are offering some sort of closing assistance. Be sure to use a buyer’s agent to represent you with any of the new home builders. It won’t cost you anything for them to represent you. I have successfully negotiated great deals with most of the new home builders in the Williamsburg VA area.
Henderson INC DBA Candle Development has submitted plans to build workforce and affordable homes behind the Candle Factory Shops in Norge. They are proposing to construct thirty percent of the 175 homes as either workforce or affordable. The affordable homes are projected to be priced at less than $160,000. Wile the workforces homes should be priced around $190,000.
Most of the developers in James City County have claimed that affordable or workforce housing is simply too expensive to construct.
Bill Strack of Henderson is attempting to prove them wrong. Knowing that affordable housing is a key factor in attracting and keeping people coming to the greater Williamsburg/ James City County area of Virginia.
Henderson a longtime builder/ developer ( 50 + years) in the Williamsburg area is sacrificing profits to make the project work. Having been in business for over 50 years
The company is hoping that by offering a large quantity of affordable housing the county will be more likely to approve the project.
As part of the revised plan Henderson has increased the buffers surrounding the development, and implemented green building design principles and other improvements.
Plans call for 33 detached patio homes and 142 will be attached patio homes. They will be arranged in small, single-floor groups around open-air patios. This design which is very common throughout California, Arizona and the West, has the advantages of being less dense without stacking homes on top of one another. They’re also less labor-intensive as yards are shared with common area maintenance. One-floor living with no stairs also makes them more appealing to active adults.
Also in the works are an 80,000-square-foot assisted living facility next door, for 96 seniors being jointly developed and managed by Crosswalk Church. Planned also are a mix of retail and office space. Details for that are still in the works.
I am very familiar with Henderson’s recent residential development. Their Patriots Walk development has to be one of the nicest new home developments in the area. Located in Gloucester VA you would be amazed at the quality of the homes and development especially give that it has a starting price of under $260,000. Huge 3/4 acre wooded lots, open floor plans, and much more
Read more about Patriots Walk in Gloucester Va by clicking here
I applaud Henderson for trying to solve a longstanding problem in the county. They definitely have my vote to move forward on this proposed project !
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Posted by admin on Saturday, October 4, 2008 at 12:12 pm
Filed under Affordable Homes Williamsburg VA, Gloucester VA Neighborhoods, Gloucester VA Residential Development, Gloucester Va New Homes, New Communities Hampton Roads, New Homes Gloucester Va, New Homes Williamsburg Virginia, Williamsburg Neighborhoods, gloucester va real estate, townhomes/ condos Williamsburg VA · Tagged with Affordable Homes Williamsburg VA, affordable housing virginia, Gloucester Va New Homes, gloucester va real estate, norge va new homes, williamsburg va real estate
Basically the First Time Home buyer tax credit reduces a home buyer’s tax liability dollar for dollar up to $7,500 for the purchase of a principle residence that closes before July 1, 2009. The home buyer would claim the credit on their tax return, and it would offset any tax due that year, up to $7,500. If the did your taxes and don’t owe any taxes you will receive the full $7500 credit/.
Only first time home buyers are eligible (defined as an individual who has not had an ownership interest in a principal residence in the previous 3 years), and and your income cannot exceed $75,000 for an individual and $150,000 for a couple filing a joint return.
This tax credits, Unlike most others has to be paid back over a period of 15 years, or when the home is sold, assuming there is equity/ proceeds. The good news is that no interest is due, so in essence it’s a “free” loan. In theory a home buyer would repay $502 each year over 15 years, or reduce his or her tax refund by that amount.
Overall it’s a great incentive for qualified purchasers to enjoy a little extra spending money courtesy of Uncle Sam, ( interest free) either to spruce up a new home or cushion the new house payment.
To further explore the First Time Home Buyer Tax Credit in the Hampton Roads Area of Virginia give me a call ( 757.254.8136) or email John@MrWilliamsburg.com
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Posted by admin on Thursday, October 2, 2008 at 8:29 pm
Filed under Mortgage Information Hampton Roads, New Homes Gloucester Va, New Homes Williamsburg Virginia, No down payment grants assistance programs · Tagged with hampton roads real estate tax credit, tidewater va real estate tax credit, va first time home buyers, virginia home buyers tax credit $7500, virignia first time home buyers, williamsburg va real estate tax credit
April 2008
Built by Patriot Builders a local company whose three principals have a combined 60 years experience in the building industry. Floor plans are offered ranging from 1700 square feet to 2900 square feet. Homes feature innovative designs along with many features found in homes costing much more. When complete the community will have approximately 200+ homes all situated on wooded 3/4 acre + lots. Real Estate taxes are only .57 per $100 in Gloucester, Virginia. There will be walking trails, ponds and lots of green space throughout.
This is a partial list of the standard features of the homes: Wall to Wall Carpet, Hardwood flooring in the foyer area, Choice of nickel or brass fixtures and hardware, choice of 4 colors of tile in the master bath tub surround, two car garage, crawl space, Choice of laminate counter tops in Kitchen, dishwasher, smooth top electric range, Microwave Range Hood, Upgraded Kitchen Cabinets,, Jetted Tub in Master Bathroom, Maintenance Free 50 year warranty Vinyl Siding, Maintenance Free Aluminum Wrapped trip on exterior, Maintenance Free Shutters,, Seamless Aluminium Gutters, Exposed Aggregate Driveway and Sidewalk, Professionally landscaped Yards, Sod in the front and side yards, 2 zone irrigation system,
Options are numerous and may include ( not available on all models) Finished Bonus Rooms, Fireplace, Hardwood Floors, Gas Range, Laundry Sink, Wrap around front porches, French Doors, Decks, Screened in porch, Finished Sunrooms, Propane Heat and Rinnai Tank less Hot Water Heater, additional outlets, ceiling fans, phone outlets, cable outlets, recessed lights, garage door openers, exterior flood lights.
Conveniently located approximately 3 miles west of the Gloucester Courthouse. Some homes are available within 60 days.
Click here to search all homes for sale in Patriots Walk Gloucester VA
This development is represented and marketed by Coldwell Banker Traditions.
For further information or a personal tour of this or any other community in the Williamsburg, James City, New Kent, Gloucester or York County, Poquoson areas of Virginia contact:
John Womeldorf/ REALTOR
Liz Moore & Associates
757 254 8136
John@MrWilliamsburg.com email
www.MrWilliamsburg.com/ website
www.MrBurg.com website
Williamsburg Real Estate Resource. Search for Homes & Land in Williamsburg Virginia & surrounding areas click here :CLICK HERE WILLIAMSBURG VA MLS HOME SEARCH
CLICK HERE FOR Real Estate Home Search Tidewater Hampton Roads Va
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