In June, 42 homes sold in Lake of the Woods. 4 sold between $130-200,000; 7 sold between $200-249,000; 9 sold between $250-299,000; 19 sold between $300-400,000; 1 sold between $400-500,000; 1 sold between $500-600,000; 1 sold at $850,000
39 Active Listings for Sale 66 Homes Under Contract 137 Homes Sold since January 1, 2020.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
Time to get your lake life started with this beautiful home on a private cove, jump on your boat and you are seconds from the main lake. This home is amazing from the minute you are welcomed by the brick entrance to the gleaming hardwood floors once inside. The formal living room and gorgeous dining room are set apart with columns and great design. Imagine having a kitchen with a large center island, two windows at your sink, more than ample counter and cabinet space, pantry and dining area. The family room is gracious in size and offers a corner gas fireplace for those cool nights.
Once upstairs you will be delighted with the owner’s suite, not only is it spacious it has an impressive huge walk in closet. The owner’s luxury bath offers a spa feel with a soaking tub, separate beautiful shower and double vanity. The upper level is completed with 3 more bedrooms, another full bath and the laundry room. A lower level offers another bedroom, full bath, family room with corner gas fireplace and flex space that could be used as a hobby room or exercise room. Plus the storage space in this home between closets and storage areas are impressive! Sprinkler system and invisible fence are bonuses. For more information on 106 Confederate Circle, Click Here!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
As you search for your next home, you’ll probably encounter more than a few neighborhoods that have their own homeowners associations. Often abbreviated as HOAs, these groups usually consist of a few elected residents, although they may also be run by an outside management company or developer.
While they tend to get a bad rap, HOAs actually have quite a few benefits you might not have considered—but they aren’t always the right fit for everyone.
Should You Buy in a Neighborhood with an HOA?
In a nutshell, an HOA’s job is to act as a governing body for a neighborhood. They typically set rules, maintain the community, and may offer certain amenities, like pools or landscaping. However, these perks don’t come free—homeowners have to pay dues to cover an HOA’s services.
Not sure if you want to live in a community with a homeowners association? Here are a few pros and cons to keep in mind before making a move.
Pro: Increased resale value
Believe it or not, an HOA can significantly impact a home’s resale value when you move again. On average, single family homes that are part of a local association sell for 4% more than ones that aren’t—for a home worth $300,000, that’s a gain of $12,000.
Con: More rules to follow
Perhaps the biggest gripe that many homeowners have about HOAs is having to follow certain rules, especially when it comes to your home’s appearance. In order to maintain property values and a uniform look to the neighborhood, HOAs often restrict personalizations like paint colors, fences, or landscaping.
Associations may also have certain limitations on pets, noise, yard signs, home improvements, or trash removal. Violating the rules can sometimes result in hefty fines, so be sure you read up on an HOA’s restrictions to avoid any penalties.
Pro: A beautiful neighborhood
All those rules may seem irksome, but they do serve a purpose. HOA regulations are designed to make your neighborhood a beautiful and desirable place to live. You’ll never have to deal with eyesores like an overgrown lawn or lingering litter anymore, either!
Con: Additional fees
Most associations charge dues that vary depending on the services and amenities they provide. It’s not uncommon to see fees of over $1,000 per year—definitely an expense you’ll want to factor into your monthly budget.
Wondering what these dues cover? They usually go towards maintenance, an emergency fund, or amenities. If you live in a condo or active adult community, they can also cover utilities and exterior maintenance.
Pro: Extra amenities
If you want to live somewhere with plenty of amenities right at your doorstep, an HOA neighborhood may be a great fit. Many homeowners associations pay to maintain community pools, tennis courts, playgrounds, and much more. Larger subdivisions may even have their own golf courses, restaurants, or clubhouses that are for residents only!
Con: Risks of poor management
Almost every HOA is governed by residents, sometimes with the help of a management company. Unfortunately, a poorly managed association can be a nightmare for homeowners, especially if the HOA is responsible for maintaining major aspects of the community.
Homeowners associations also have the authority to increase dues without warning—and if they don’t have the money to pay for a big expense, they may even order a special assessment to cover the costs.
Bottom Line: Do your research!
In a recent survey by the Community Associations Institute, a whopping 85% of homeowners said they had a positive experience living in a community with an HOA. However, it’s still crucial to consider your own individual circumstances before making a decision.
Be sure to read an association’s rules or bylaws, and take a good look at the neighborhood before you buy. If you have any questions, just ask your agent!
Take Your Next Steps
If you’re ready to make a move, we’d love to guide you through every step of the buying process! Just get in touch with us today to get started—we look forward to teaming up and helping you find your next dream home.
