Category Archives: Location

July 2019 Lake of the Woods Market Statistics

61 Active Homes for Sale 
55 Homes Under Contract 
186 Homes Sold since January 1, 2019.

(Data as of August 14, 2019)

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.

July 2019 Monthly Statistics

In Lake of the Woods for July, 2019 the statistics are as follows: A total of 35 homes were sold, all of them were standard sales. 10 homes sold between $175-250K, 15 sold between $250-350K, and 10 sold for over $350,000.  Additionally, 5 lots were sold between $19,000 and $29,900.

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.

Sip & See at 712 Stuart St in Downtown Fredericksburg, Virginia!

Join us at 712 Stuart St in Locust Grove, Virginia 22508 on Friday, August 16 for a “Sip & See” event. You may enjoy some cheese and wine while enjoying our newly listed home at  712 Stuart St. It will be open from 5PM – 7PM. Please join us for a wonderful event!

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.

Spectacular Home for Sale in Lake of the Woods, VA! 812 Eastover Pkwy Now SOLD!!

This spectacular transitional home welcomes you in! From the stately facade to the stunning, open floor plan interior bursting with upgraded finishes, you will be wowed! The gleaming hardwoods greet you at the door and take you through much of the first level of fine living, where you’ll appreciate a main level bedroom and Jack and Jill bath that also opens to the hallway. The fabulous staircase leads to the luxurious master suite and two other generously sized bedrooms. And then you can let your imagination run with the areas you can create in the unfinished lower level!

Feel like venturing out? A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteering your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $100,000 to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods! For more info, 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.


Golf Course Home For Sale in Locust Grove’s Somerset Community Now SOLD!!!!

1472 MORRIS POND DR, LOCUST GROVE, VA 22508

Spectacular golf course home with views of the 11th hole yet still offering privacy, a well manicured lawn and 2 levels of finished living space PLUS an entire unfinished basement with bath rough-in. So many extra features make this home stand out such as the touch faucets, the tank-less hot water heater, and in line floor heaters. Wait until you see the spa-like master bath, the soaring ceilings in the main living area and so much more. This property has been well maintained with a new roof, all new floors, fresh paint, new appliances and more. It truly is like buying a brand new home! Don’t wait, this one won’t last long!

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.

Golf Course Home For Sale in Lake of the Woods, VA 22508 Now SOLD!!

1213 Eastover Pkwy, Locust Grove VA 22508

Situated perfectly on the 13th hole and offering privacy, this like-new, one level home boasts a long view of Lake of the Wood’s lush PGA Golf Course. It’s an absolute golfer’s dream, fully equipped with a run in shed for your golf cart! Whether you head out on the course every day or not, the views alone are breathtaking!

You won’t be disappointed with the luxurious lifestyle of this community! A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteering your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $100,000 to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods!

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.

Windmore Foundation for the Arts Stageworks Presents: Vintage Hitchcock – A Live Radio Play

Don’t miss Vintage Hitchcock: A Live Radio Play by Joe Landry, Directed by David Schubert.

Alfred Hitchock’s trademark of spies, murder and love are featured in this 1940’s radio broadcast style play. This play is a triple feature of the master of suspense’s earlier films: The Lodger, Sabotage and The 39 Steps. This live performance will be complete with vintage commercials recreating a daring train chase, a serial killer’s ominous presence and would not be complete without a “devastating explosion” through the magic of live sound effects and musical numbers!

Featured Showtimes and Locations:
Saturday, August 17 and Sunday, August 18th at 7PM at the Jewell Box (201A North Main St, Culpeper VA 22701).
Saturday, August 24th and Sunday, August 25th at 3pm at the Prince Michel Winery (154 Winery Ln, Leon VA 22725, Barrel Room).

Tickets will be $15 per person at each performance location or tickets may be purchased online, 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.

Have You Visited the New Local Bookstore: Bound2Please Books in Orange, Virginia?

Small Business Spotlight brought to you by: Virginia SBDC Central Virginia

Kathy Judge and Gerilee Hundt both love books and have spent their lives reading, editing, cataloging and dealing with books – so opening their own bookstore seemed like the next logical step. Bound2please Books opened in February 2019 in Orange, VA. The shop is 500 square feet filled with nearly 3,000 general interest titles and has a primary mission: to offer a place to gather, to share thoughts and stories and to keep conversation percolating in this electronic age. 

Most of the inventory consists of gently used titles in very good condition – which customers have appreciated – along with the store’s prices and variety. In the first six months, the store has already hosted several author visits – with the next, on Fri, Aug 23 at 5:30, featuring Lynn Coffey, author of the Backwoods series. B2plz Books has also made the space available for book clubs (Science Fiction gathering monthly), knitting (Tuesdays at 6:30), open mic poetry, game nights, and the occasional string band rehearsal! According to Judge, “The ship is sailing relatively smoothly so far, and we’re blessed with some wind in our sails.”

The grand opening.
Grand Opening

Bound2please Books began its relationship withSBDCby attending a digital marketing workshop, and later opted for one-on-one counseling, again focusing primarily on marketing. The staff is now working to increase its customer count through digital marketing and can be found via Google, Facebook and Instagram. Select titles from the store are available through their B2plz eBay store.


Gerilee (Lithgow) Hundt!
Owner, Kathy JudgeVintage poetry on consignment

Owner, Kathy Judge

Judge and Hundt’s love of books shows through, they have worked hard and had fun thinking of genres to curate – from science and philosophy to fables and fairy tales. “Bound2please Books is the kind of bookshop I’ve always wanted to spend time in, browsing the shelves, finding a comfortable place to sit and leaf through volumes that catch my eye,” comments Hundt.

VINTAGE POETRY on consignment
VINTAGE POETRY on consignment

Visit the Bound2please Books website!

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.

Mortgage 101: What To Know Before You Apply

Everybody loves talking about mortgages. They’re fun, easy to understand, and a great icebreaker, right?….Wrong. Thanks to their lengthy process, technical jargon, and confusing options, mortgages have a bit of an intimidating reputation—but it doesn’t have to be that way!

If you’re in the process of buying a new home and dreading the mortgage application process, here’s what you need to know to keep things running smoothly. 

Know How Much You Can Spend

A person holding up money.

If you’re feeling antsy about getting started and want a general idea of how much loan you might qualify for, consider the 28/36 rule, or the Debt-to-Income ratio—AKA what most lenders use to help calculate your mortgage. 

Essentially, the 28/36 rule means that your monthly mortgage payment shouldn’t be more than 28% of your gross income. Additionally, your outstanding debts—like mortgage, car loans, student loans—shouldn’t account for more than 36% of your gross income.

Get Your Finances in Order

Statistics on a laptop.

Not seeing the numbers you were hoping for after calculating your Debt-to-Income ratio? Then, hopefully, you’ve given yourself a little time to shift things in your favor. Paying off loans, improving your credit score, avoiding big purchases—these will all help you change those numbers. 

Of course, completing those tasks is a little harder to do in practice than in theory, so you may have to take a look at your budget and see where you can cut out some extras—at least temporarily!

What You’ll Need to Apply

 

Paperwork.

In the weeks before you plan on applying for a mortgage, you should start collecting all of the documents you need. Since a lender will be telling you exactly how much money they’re willing to loan, they’ll need a comprehensive understanding of your finances beforehand. Start gathering things like:

  • W2s/tax returns
  • Photo ID
  • Your two most recent pay stubs
  • Current and prior addresses
  • Asset information (retirement funds, 401(k), stocks and bonds, other investments) 
  • Gift letters

Depending on the lender you choose, you may need additional documents, so consider calling in to double-check beforehand. 

Find the Right Mortgage

Three women pointing at a laptop.

Once it’s time to start thinking more concretely about applying for a mortgage, you have several options to consider. While all the mortgage options out there could easily fill a whole blog post on their own, here’s a quick rundown to give you a general idea:

  • Conventional/Fixed-rate:  The interest rate of a fixed-rate loan won’t change over time, making it a popular choice for its predictability. Conventional loans typically require a 20% down payment or mortgage insurance for smaller down payments.
  • Adjustable-rate: The interest rate of adjustable-rate mortgage will fluctuate over time, sometimes lower than fixed-rate, sometimes higher. There is a cap in place so the rate doesn’t get too out of control, but ARMs are typically more popular with those who plan to refinance.
  • FHA: If you are struggling to come up with a down payment, you may have options with an FHA mortgage. Provided by the Federal Housing Administration, these loans come with a low down payment requirement and built-in mortgage insurance.
  • USDA: Live in a rural area? Then check out your USDA eligibility! A surprising amount of areas qualify for USDA loans, even if you aren’t living in the countryside. Plus, USDA loans don’t require a down payment and offer lower insurance premiums.

These aren’t the only options you’ll have, just the most common. If none of these sound right or you aren’t sure which to choose, just ask your lender!

Choose the Right Lender

When it comes time to decide who to work with, you’ll have to do your research. Each lender is different, meaning they’ll likely offer you different rates, charges, and loan options. 

Luckily, we’ve been working in real estate around the area for years, so we know exactly which lenders are right for which buyers. If you need a few suggestions before you kick off your search, just let us know! 

Still Have Questions?

That’s okay—we get it. Applying for mortgage is confusing and challenging, especially if it’s your first time. If you have any questions about the process, we’re here to help. 

Ready to start looking at a few homes in your price range? We can help with that, too! Check out our specialized search tool to narrow down your options, and give us a call to start seeing a few in person!

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.

Wild Roots Music Festival at Wilderness Presidential Resort in Spotsylvania, VA!

Wilderness Presidential Resort located at 9220 Plank Rd in Spotsylvania Virginia 22553 is hosting the Wild Roots Music Festival on Saturday, September 21st from 12pm – 8pm.

Licata Group is proud to be a sponsor of this festival that will consist of 4 live Americana bands, several food trucks, a beer garden and many local artists.

Live Music will be performed by: Karen Jonas, Whiskey Revival, Cabin Creek and the Hive Robbers. The craft beer garden will feature local downtown Fredericksburg Brewery: Spencer Devon Brewing.

This is a rain or shine event with tickets for sale at $20 each, tickets prices do not include the beer garden. Purchase tickets here. Grab your friends and family and prepare for a relaxing Saturday enjoying some good music with delicious food!

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.