Tag Archives: real estate

206 Birdie Rd, Lake of the Woods Virginia SOLD by Licata Group EXP Realty LLC!

Welcome to 206 Birdie, where you will be wowed by the spaciousness and fine finishes throughout this meticulously maintained home, along with golf course location (10th tee), and those fantastic views! As you enter, the quality of this home is immediately noticed…from the hardwood floors to chef’s kitchen (featuring a gas cooktop) to Florida room with a mini split overlooking the golf course. That is, of course, along with the cozy fireplace in the family room for those upcoming chilly evenings. The open floor plan of the main level living areas flow seamlessly for ease of living and entertaining, and access to the outdoors can be had through the Florida room as well as the family room. The expansive primary bedroom with beautiful en suite bath, second bedroom, and hall bath complete the main level. Ascending the gorgeous stairs, you’ll be amazed by the generous size of the three bedrooms, all with ceiling fans, and the hall full bath. Located in Lake of the Woods, 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, water skiing, 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 volunteer 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 $200,000+ 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 what’s to love in 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 homeowners. 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 contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

622 Cornwallis WATERFRONT in Lake of the Woods VA 22508 SOLD by Licata Group EXP!

Welcome to 622 Cornwallis Avenue! Imagine the lifestyle you’ll experience and the memories you’ll create in this fantastic waterfront home featuring amazing main lake views, spectacular sunrises, and ample room for large gatherings! Every bedroom enjoys the water views, and all offer outdoor access! As you arrive, you’ll immediately notice the private setting near the end of a cul-de-sac, and be wowed by the main lake views! Step inside, and you’ll immediately be greeted by lake views, an open floor plan, and a living room with an incredible floor-to-ceiling stone fireplace to warm those chilly evenings. The kitchen provides all the amenities with stainless steel appliances and a generous-sized breakfast bar that leads to the expansive screened porch perfect for early morning coffee or simply relaxing. The main level is completed by the primary bedroom with an ensuite bath and laundry room. Ascending the stairs to the upper level, you’ll find two large bedrooms that provide lake views and a full bath. The lower level is sure to please! Descending the stairs, you are greeted by a huge family room with a gorgeous brick fireplace and a bar area that accesses the concrete patio for outdoor enjoyment. The lower level also boasts an additional bedroom, full bath, and large storage room for all those water toys. Of course, the water frontage is spectacular! Swim from your dock, launch your canoe or kayak, hop on your boat for a day of fun, or simply bask in the sun waterside from your own private oasis! Let’s get this lake life started!

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, water skiing, 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 volunteer 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 $200,000+ 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 what’s to love in 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 homeowners. 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 contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

1120 Lakeview Pkwy, Lake of the Woods Virginia SOLD! by Licata Group EXP Real Estate Advisors!

1120 lakeview pkwy, lake of the woods virginia home for sale
1120 lakeview pkwy, lake of the woods virginia home for sale

Welcome to 1120 Lakeview Parkway, where you’ll be wowed by the fine features of this immaculately kept home! Gleaming hardwood floors, updated kitchen and baths, huge loft and 4th bedroom/flex space make this one the one! Boasting an open floorplan of 2700+ sq ft of expansive rooms, entertaining or simply living with ease is a breeze! The upper-level space offers endless possibilities; craft room, quilting, classroom, office, bedroom, and 2nd living area…what’s best for you? The wrap-around deck is perfect for enjoying your level backyard backing to trees for sought-after privacy. Is a workshop, studio, craft room, or more storage what you’re seeking? Look no further! The property conveys a storage loft in the garage and a large shed with electricity.

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, water skiing, 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 volunteer 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 $200,000+ 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 what’s to love in 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 homeowners. 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 contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Growing Your Passive Income Stream with Rental Properties 

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Here is a question I want you to ponder.

What is the shortest and most reliable route that you or anyone can use to change their financial destiny and arrive at a place of financial freedom? Depending on whom you ask, you will get answers like work hard and smart, have a great business idea, invent something, or save and invest.

While all these are valid answers, they may not always bring you to a life that is free of financial worries. Each method’s ability to reach the desired goal depends on how well it meets that one requirement which is the most important factor when trying to achieve a life of financial freedom.

What is the critical factor that serves as the basic foundation for wealth-building?

You can separate how much money you earn from how much effort you invest in the thing that makes you that money. When your income-earning ability is no longer limited to your physical labor, you free yourself from the constraints of your limited time and energy.

If you are committed to your goal of building wealth, the most important thing you can do for yourself is to become adept at identifying, managing, and maximizing opportunities that make it possible to consistently earn a lot of money without necessarily having to do a lot of work.

This kind of income is known as passive income.

person using MacBook Pro

Non-passive income sources depend on your physical presence and direct effort to make money. They stop yielding income as soon as you stop contributing your physical presence or energy. Their income-earning ability is limited to how many man-hours you invest.

But how many hours do you think you would need to work to be able to earn up to one million dollars in a single year? The answer to that question will tell you why non-passive income sources are not the recommended path for pursuing wealth.

How can you get started with earning passive income?

Passive income through rental properties

Although there are several different ways to earn passive income, Keyrenter Hampton Roads advises the best one is putting your money into income-generating real estate, and rental properties. Why is owning rental properties a better source of passive income than investing in stock or bonds?

  • Steady and substantial income
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Both real estate and stocks can serve as sources of passive income. But rental properties are better because the income is more predictable than stocks. As a landlord, you often know how much rental income to expect and when to expect it.

  • A hedge against inflation

Unlike stocks, income from a rental property keeps pace with the rate of inflation. This is because as inflation forces the prices of goods and services upward, so the rental rate for your property is also pushed higher.

  • Tax advantages

Real estate offers tax incentives that are not available when investing in other asset classes. These tax deductions can be made from the everyday expenses of operating the property. They offer a way for landlords to increase their profits.

Strategies for earning passive income from rental properties

To make money from real estate, you must understand the following things about rental properties:

  • Types of rental properties

There are two kinds of rental properties – commercial and residential – and within these two broad categories, there are several sub-categories. Before you buy any property, make sure you understand the different types of rental properties.

  • Location

The most important factor in the performance of a property is its location. The neighborhood where a rental is located is a bigger factor than the physical qualities of the property. Learn how to evaluate the viability of different locations before you invest.

  • Leverage
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Your ability to get approved for a loan and negotiate the best terms is critical to your success. The cost of capital is a huge factor in how much passive income you earn from your property. If you don’t know much about this, hire a mortgage broker.

  • Know your numbers

Before you buy a property, find out the potential income from the property (based on the rental rate) and your projected operational costs. Take the time to look at numbers like the vacancy rate for the property or similar properties in the area.

  • Hire a property manager

Finally, you should know that real estate is not entirely a passive investment like stocks. Managing a rental property requires a lot of time and expertise. But there is a simple way to get around this problem and make the asset passive; you can hire a property manager.

Hiring a property manager to oversee your rental property is what transforms it from a non-passive form of investment into a source of passive income. A property manager takes on the responsibility of making the rental property work in exchange for a share of the profits.

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 homeowners. 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.

August 2022 Lake of the Woods Monthly Market Statistics

In August, 32 homes were SOLD in Lake of the Woods.

2 sold below $250,000.00
5 sold between $250,000-299,999;
8 sold between $300-349,999;
6 sold between $350,000-399,999;
9 sold between $400-499,999;
2 sold between $500,000-$999,999;

28 Active/Coming Soon Listings for Sale
20 Homes Under Contract
216 Homes Sold since January 1, 2022.

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 homeowners. 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 contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

203 Monticello Cir, Lake of the Woods Virginia 22508 SOLD! by Licata Group EXP Real Estate Professionals!

If you crave natural light and an open floor plan, this contemporary is the one for you! As you arrive, you’ll immediately appreciate the generous set-back from the street that provides quiet and privacy. In the living room, the stunning cathedral ceilings with windows above the double sliding doors overlooking the private wooded backyard will wow you! The openness of the spacious kitchen with an island leading to the dining area for ease of entertaining is simply perfect. The roomy primary suite offers access to the deck for a quiet morning read of the paper or a good book, perhaps? The two additional main-level bedrooms are generous in size, one with a bow window! As you descend the stairs, you will be in awe of the finished area/family room/game room/theater room/craft room/quilting area/flex space and an incredible amount of shelving! An oversized garage and huge, level backyard backing to trees check everything on your list.

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, water skiing, 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 volunteer 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 $200,000+ 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 what’s to love in 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 homeowners. 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.

109 Saylers Creek Rd, Lake of the Woods Virginia 22508 SOLD! by Licata Group EXP Real Estate Advisors LLC!

Enjoy the quiet homestead of 109 Saylers Creek Rd nestled in lovely Lake of the Woods! The huge yard provides room to roam and wooded privacy. As you enter, you are greeted by oversized, bright windows, high ceilings, and gleaming hardwood floors, new carpet, and fresh paint. Family gatherings for the upcoming holidays will be exciting and memorable around the cozy fireplace. During warmer weather, the screened porch will be a favorite! Meal prep will be a breeze in the open eat-in kitchen with plenty of room for helpers. Wait til you see the elegant windows with the high ceiling in the primary suite! A plumed-out attic is ready for wherever your imagination will take you!

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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, water skiing, 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 volunteer 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 $200,000+ 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 what’s to love in 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 homeowners. 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 2022 Lake of the Woods Virginia 22508 Real Estate Market Statistics

In July, 28 homes were SOLD in Lake of the Woods.

1 sold below $250,000.00
4 sold between $250,000-299,999;
10 sold between $300-349,999;
4 sold between $350,000-399,999;
7 sold between $400-499,999;
2 sold between $500,000-$999,999;

29 Active/Coming Soon Listings for Sale
37 Homes Under Contract
182 Homes Sold since January 1, 2022.

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 homeowners. 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 contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

100 Saylers Creek, Lake of the Woods Virginia Home SOLD by Licata Group EXP Real Estate Advisors

Welcome to 100 Saylers Creek Road! A lovely, quiet, well-kept home with fine detailing and all the appeal and space you’ll love! Fantastic curb appeal awaits on this rare oversized lot, located at the end of a cul-de-sac and backing to trees. Bright, open rooms with crown molding and incredible upgrades are what you will find inside. The chef’s kitchen is sure to please with gorgeous granite countertops and upgraded appliances. A stunning double-sided fireplace will keep you warm on those cool nights and the sunroom will be your favorite place to sit and relax. Retreat to your impressive primary bedroom with an incredible ensuite bathroom at the end of a long day. This fantastic rambler offers main-level living at its best, but if more space is what you crave, then check out the finished basement. Here you will find the fourth bedroom, flex space perfect for a family room, home gym, or office, and a storage room. Grab your favorite beverage and unwind in your screened porch overlooking the stunning patio and private backyard. This is one not to miss and will go fast! Schedule your tour TODAY!

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, water skiing, 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 volunteer 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 $200,000+ 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 what’s to love in 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 homeowners. 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 contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

1337 Lakeview Pkwy, Lake of the Woods Virginia 22508 SOLD! by Licata Group Real Estate Advisors

You will love the short walk to the small marina to launch your kayak from this beautifully well-kept split-level home at 1337 Lakeview Parkway. Better than new at only 5 years young, the owners have been busy adding more hardwood flooring to the upper level, finishing more space in lower, and making the backyard a fabulous oasis! It offers spacious living with elegant details of crown molding and chair rails throughout, along with hardwoods in all upper-level living areas as well as bedrooms. On the upper level, you are greeted by the generous living room and the gourmet kitchen/dining room, which are sure to please! Step out on the deck and relax with your favorite beverage or entertain with ease. It will be a joy to retreat to the generous primary suite with en-suite bath for quiet privacy. Two additional bedrooms and full bath complete the upper level. The lower level offers a 4th bedroom, a 5th bedroom/flex room, office, and laundry area. The craftsman in you will appreciate the 18×10 workshop in addition to the huge 2-car garage, On the side of the house, there is ample room to safely park your boat. With this better-than-new home so close to the marina, “staycations” will be a breeze!

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, water skiing, 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 volunteer 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 $200,000+ 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 what’s to love in 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 homeowners. 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 contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.