Download - Weichert...It's a Shore Thing!
Winter 2012 www.mason-davis.com
Independently Owned & Operated
WEICHERT...
It’s a Shore Thing!
North Street Playhouse
Celebrating 25 years of
Theatre on the Eastern Shore
Inside this issue...
Things to do Before
Putting Your Home
on the Market 5 Homes for Sale on the
Eastern Shore
Why Home Equity Beats
Facebook Equity
Win
ter
20
12
Winter 2012 www.mason-davis.com
Winter 2012
Dear Eastern Shore Community,
Welcome to a new concept that will provide information about the Eastern Shore community.
This magazine will be published five times a year. Each issue will feature an non-profit organiza-
tion and a calendar of events.
Weichert Realtors Mason-Davis has been providing real estate services to the Eastern Shore of
Virginia for over 45 years and continues to provide professional service and superior quality. The
affiliation with Weichert Realtors offers our clients local, national and international exposure.
Our experienced Agents are always available. Come by, give us a call and visit the website at
www.mason-davis.com. The Agents of Weichert Realtors Mason-Davis look forward to meeting
with you and helping with your real estate needs.
Andy Mason
“Independently Owned & Operated”
Weichert Realtors Mason-Davis
47 Market Street
Onancock, VA
757-787-1010
1-800-288-7037
Winter 2012 www.mason-davis.com
Upcoming Shows
December 7,8,9 Miracle on 34th Street
February 15,16,22,23,24 Clybourne Park
April 19,20,26,27 Shirley Valentine
July 19,20,26,27,28 Pump Boys & Dinettes
Sharing a theatre performance with friends, and even strangers, is a unique and excit-
ing experience. It’s all happening right in front of you! Those of you who have
friends who think theatre is “stuffy”, point them to the 200+ people doing & watch-
ing “The Time Warp” in the middle of Market Street on the opening night of THE
ROCKY HORROR SHOW this past July! While we won’t promise that there will be
water guns at any performances this season, we can promise you evenings of laughs,
Christmas cheer, biting new comedy and awe inspiring talent! As always, there will
be a great mix of timeless classics and exciting new works in theatre. It’s going to be
a season full of fun and we want you here.
For tickets and information Call (757)787-2050
www.northstreetplayhouse.com [email protected]
Winter 2012 www.mason-davis.com
Residential Listings
Information deemed reliable but not guaranteed
$37,000 Country
Bloxom
M34759CP
$112,900 In-Town
Nassawadox
M35058TM
$120,000 In-Town
Belle Haven
M34366HG
$150,000 In-Town
Wachapreague
M35666HG
$39,900 Country
Exmore
M35552CP
$79,000 Country
Parksley
M35578CN
$84,500 Hwy Front
Mappsville
M35579CN
$94,900 Country
Atlantic
M35205CP
$110,000 In-Town
Exmore
M34410DF
$110,000 Country
Pungoteague
M35766RG
$113,000 In-Town
Accomac
M34623TM
$113,500 Country
Painter
M33717NJ
$114,900 Deeded Access
Painter
M35682GS
$120,000 Country
Nelsonia
M35487CN
$134,800 Country
Parksley
M35274MM
$155,000 Pond front
Onancock
M35440CP
$167,000 Country
Onancock
M35466MM
$145,000 In-Town
Exmore
M34467JB
$169,000 In-Town
Exmore
M33729JB
$170,000 Waterfront
Jamesville
M34312RG
Winter 2012 www.mason-davis.com
Information deemed reliable but not guaranteed
$229,000 20+acres
Melfa
M30416HG
$259,900 Deeded Access
Painter
M31977TM
$300,000 Waterfront
Exmore
M33155TM
$199,500 Country
Belle Haven
M34041TM
$219,000 Waterview
Oyster
M35184HG
$234,900 In-Town
Onley
M34651CP
$279,000 5+acres
Onancock
M35663CN
$339,900 Waterfront
Onancock
M34616TM
$194,900 In-Town
Exmore
M32978TM
$195,000 In-Town
Onancock
M34018CP
$225,000 Waterfront
Harborton
M27934HG
$249,000 Deeded Access
Onancock
M35022HG
$299,000 Waterfront
Jamesville
M32989HG
$352,000 10 acres
Jamesville
M33196TM
$199,000 Country
Nelsonia
M35598CN
$225,000 Waterview
Belle Haven
M35473NJ
$250,000 In-Town
Wachapreague
M33184CP
$299,000 2 houses
Saxis
M35597CN
$245,000 Waterfront
Parksley
M24688TM
$299,500 Waterfront
Onancock
M35807NJ
Winter 2012 www.mason-davis.com
Residential Listings
Information deemed reliable but not guaranteed
$399,500 Waterfront
Exmore
M35609JB
$429,900 Waterview
Onancock
M35087GS
$450,000 2 houses
Quinby
M35805NJ
$395,000 Waterfront
Onancock
M32415TM
$475,000 Waterfront
Onancock
M34816DF
$469,000 Waterfront
Hacksneck
M34163CP
$490,000 Waterfront
Onancock
M35453CP
$585,000 Waterfront
Onancock
M35312GS
$635,000 Waterfront
Exmore
M34873JB
$880,000 83+acres
Machipongo
M35412GS
$900,000 Waterfront
Accomac
M31514AM
$1,400,000 Waterfront
Onancock
M34659TM
Independently Owned & Operated
www.mason-davis.com
757-787-1010
Winter 2012 www.mason-davis.com
Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspec-
tion. An inspector will be able to give you a good indication of the trouble areas that will
stand out to potential buyers, and you’ll be able to make repairs before open houses
begin.
Organize and clean. Pare down clutter and pack up your least-used items, such as large
blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment.
Store items off-site or in boxes neatly arranged in the garage or basement. Clean the win-
dows, carpets, walls, lighting fixtures, and baseboards to make the house shine.
Get replacement estimates. Do you have big-ticket items that are worn our or will need to
be replaced soon, such your roof or carpeting? Get estimates on how much it would cost
to replace them, even if you don’t plan to do it yourself. The figures will help buyers deter-
mine if they can afford the home, and will be handy when negotiations begin.
Find your warranties. Gather up the warranties, guarantees, and user manuals for the fur-
nace, washer and dryer, dishwasher, and any other items that will remain with the house.
Spruce up the curb appeal. Pretend you’re a buyer and stand outside of your home. As
you approach the front door, what is your impression of the property? Do the lawn and
bushes look neatly manicured? Is the address clearly visible? Are pretty flowers or plants
framing the entrance? Is the walkway free from cracks and impediments?
Things to do Before
Putting Your
Home on the Market 5
1
2
3
4 5
Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS® Copyright 2008. All rights reserved.
Winter 2012 www.mason-davis.com
By: Lisa Kaplan Gordon Published: October 24, 2012
What is Appraised Value?
Appraisals provide an objective opinion of value, but it’s not an exact science so appraisals may differ.
For buying and selling purposes, appraisals are usually based on market value — what the property could
probably be sold for. Other types of value include insurance value, replacement value, and assessed value
for property tax purposes.
Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised
value.
Appraised value doesn’t take into account special considerations, like the need to sell rapidly.
Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount
of the mortgage they will offer.
If the White House Were for Sale,
How Much Would it Cost?
Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com and REALTOR® magazine (REALTOR.org/realtormag) with permission of the
NATIONAL ASSOCIATION OF REALTORS®.
Used with permission from Kim Daugherty, Real Estate Checklists and Systems, www.realestatechecklists.com
Here’s a fun look at possible price tags for presidential properties.
Yowza! A recent appraisal of The White House — as a prime property, not the seat of world power — set its
price at $1.5 billion (with a B).
The Wall Street Journal turned to D.C. appraiser Dennis Duffy to put a price tag on three current and former
presidential properties: The White House; Mount Vernon, George Washington’s home; and Monticello, Thomas
Jefferson’s home. Duffy considered the cost to rebuild, value of outbuildings, infrastructure, and land that could
be sold.
Duffy’s appraisal results:
White House: 100,000 sq. ft., 13 bedrooms, 35 bathrooms, and 18 acres of prime downtown real estate — $1.5 billion
Mount Vernon: 7,000 sq. ft. in suburban D.C., river view of the Potomac (though no bathrooms) — $150 million
Monticello: 11,000 sq. ft., four stories, 43 rooms, exquisite artisanship — $106.5 million
Winter 2012 www.mason-davis.com
We are a one stop title shop. We’ll close at our location or yours.
Serving Accomack and Northampton Counties
Title insurance is insuring the integrity of real estate transactions and with over thirty years of experience in serving the title insurance needs of
Accomack and Northampton Counties, our knowledgeable staff strives for fast, efficient, and professional closings.
We offer reasonable fees and great turn-around times on
settlements and searches.
www.accomacktitle.com
Ph: 757-787-4752
Fax: 757-787-3626
23279 Courthouse Ave
P.O. Box 386
Accomac, VA 23301
Real Estate Closings/Escrow
Refinance
1031 Exchanges
Title Searches
Title Insurance
Winter 2012 www.mason-davis.com
We are Weichert Realtors Mason-Davis...
proudly serving the community.
Tammy Mason 757-710-2295
Amy Higgins 757-709-1761
Cindy Perro Associate Broker
757-374-2263 [email protected]
George Schoolfield 757-710-1871
Nancy James 757-710-3089
Lorraine Mason Associate Broker
757-709-2032 [email protected]
Maureen Mackay 757-709-8590
Colin Cowling 757-710-7456
Don Forbes Associate Broker
757-787-1016 [email protected]
Rena Gates 757-710-7975
Helen Glenn 757-710-3129
Jane Bulette Managing Broker
757-710-0319 [email protected]
Andy Mason Owner/Principle Broker
757-710-8497 [email protected]
Cindy Nicolls 757-710-2934
Winter 2012 www.mason-davis.com
Land Listings
Information deemed reliable but not guaranteed
WATERFRONT
35172 $35,000 1.2 acres Jamesville Hideaway Cove
32620 $49,900 8.37 acres New Church Bay Watch
35435 $70,000 2 acres Parksley Fox Grove
29908 $75,000 1.71 acres Jamesville Chesawadox
35333 $79,900 .8 acre Machipongo Vaucluse Shores
33057 $99,000 0.2 acres Greenbackville Captains Cove
34764 $124,900 1.12 acres Harborton
35042 $160,000 3.647 acres Painter Indian Hills
35662 $175,000 3 acres Accomac Henry’s Point
35463 $184,900 3.949 acres Craddockville Bay Haven
34438 $199,000 1.22 acres Cape Charles Tower Hill
29222 $225,000 .46 acre Melfa The Greens
35497 $249,000 6.23 acres Exmore Johnson Cove
31963 $329,000 8.921 acres Onancock Mt. Nebo
35420 $375,000 7 acres Locustville
35421 $375,000 6.6 acres Locustville
32472 $2,200,000 138 acres Parksley Gargatha
DEEDED ACCESS
35480 $29,000 .85 acre Wardtown
31040 $39,900 3 acres Painter Nandua Bay
33173 $43,500 1.09 acres Exmore Highland Heights
35173 $45,000 1.62 acres Jamesville Peaceful Lakes
25587 $49,000 .75 acres Machipongo Vaucluse Shores
35692 $55,000 3.15 acres Onancock
33171 $55,900 1.091 acres Exmore Highland Heights
35477 $139,000 14.81 acres New Church Bay Watch
WATERVIEW
32858 $48,900 1.19 acres Painter Nandua Shores
35638 $49,900 .5 acre Parksley Fox Grove
29911 $50,000 1.56 acres Jamesville Chesawadox
32861 $64,900 1.27 acres Painter Nandua Shores
32862 $64,900 1.19 acres Painter Nandua Shores
33697 $75,000 .83 acre Parksley Gargatha
31769 $179,900 3.63 acres Onancock Wise Point
POND FRONT
29747 $39,500 1.507 acres Accomac
35331 $59,900 3.14 acres Painter Nandua Bay
35267 $69,000 .34 acre Onancock
32122 $135,000 7.337 acres Craddockville Bay Haven
Winter 2012 www.mason-davis.com
Information deemed reliable but not guaranteed
Eastern Shore of Virginia
Winter 2012 www.mason-davis.com
Information deemed reliable but not guaranteed
Eastern Shore Subdivisions
Deep Creek Plantation
32174 $125,000 2.727 acres Onancock Waterfront
32173 $40,000 1.421 acres Onancock Deeded Access
32171 $175,000 3.1 acres Onancock Waterfront
32170 $200,000 5.23 acres Onancock Waterfront
30958 $295,000 68.914 acres Onancock Waterfront
Quinby Bend
34897 $149,000 3 acres Quinby Waterfront
29998 $175,000 3 acres Quinby Waterfront
29999 $55,000 3 acres Quinby Deeded Access
34898 $35,000 1.3 acres Quinby Deeded Access
Underhill Creek Landing
32090 $29,900 .917 Onancock Deeded Access
32091 $29,900 .869 Onancock Deeded Access
32092 $29,900 .925 Onancock Deeded Access
32093 $29,900 .858 Onancock Deeded Access
32094 $29,900 .892 Onancock Deeded Access
32095 $59,000 1.762 Onancock Deeded Access
32096 $59,000 .973 Onancock Deeded Access
32097 $69,000 .812 Onancock Waterview
32098 $69,000 .744 Onancock Waterview
32100 $79,900 .869 Onancock Waterview
32101 $89,900 1.191 Onancock Waterview
32106 $98,000 .872 Onancock Waterfront
32107 $98,000 1.863 Onancock Waterfront
32103 $140,000 1.427 Onancock Waterfront
32105 $140,000 .976 Onancock Waterfront
35439 $1,150,000 18.75 Onancock Waterfront
Winter 2012 www.mason-davis.com
Accomack County Building Lots
MLS# PRICE ACREAGE TOWN
35213 $4,200 .574 acres Quinby 30969 $7,500 1 acre Bloxom 35315 $9,000 .25 acre Captains Cove 32679 $12,500 .25 ac. Melfa 31744 $14,000 1.77 ac. Greenbush 31745 $14,000 1.63 ac. Greenbush 31746 $14,000 1.49 ac. Greenbush 29015 $15,000 .5 acre Bloxom 33965 $15,000 2 acres Sanford 33967 $15,000 2.5 ac. Sanford 35458 $15,000 .75 acre Pungoteague 31339 $19,000 .38 acres Accomac 33966 $20,000 2 acres Sanford 34224 $20,000 1.39 acres Onancock 35212 $25,000 .26 acres Onancock 35215 $25,000 6.5 acres Mears 33885 $30,000 .69 acres Parksley 35777 $35,000 3.23 acres New Church 32173 $40,000 1.421 acres Onancock 34731 $40,000 .126 acres Greenbackville 33298 $45,000 1 acre Painter 35735 $45,000 .69 Melfa 32620 $49,900 8.37 acres New Church 33299 $50,000 1 acre Painter 35269 $59,000 1.032 Onley 35294 $69,900 7.35 Mappsville 35116 $79,900 27.03 acres Bloxom 35621 $89,900 24 acres Bloxom 34690 $100,000 5.5 acres Bloxom 32160 $149,000 21.06 Melfa 35551 $155,000 20.046 Melfa
Information deemed reliable but not guaranteed
Winter 2012 www.mason-davis.com
Northampton County Building Lots
MLS# PRICE ACREAGE TOWN
35261 $15,000 .11 acre Nassawadox 33878 $20,000 .5 acre Exmore 33958 $25,000 .1062 acre Exmore 34024 $25,000 .5 acre Exmore 30109 $28,000 .17 acre Cape Charles 35190 $40,000 2.86 acres Cheriton 35099 $75,000 1.64 acres Exmore 31510 $120,000 .48 acre Cape Charles 35162 $179,000 43 acres Exmore 31511 $200,000 .41 acres Cape Charles 35161 $575,000 142 acres Exmore 31099 $1,400,000 212.34 Machipongo
Information deemed reliable but not guaranteed
Winter 2012 www.mason-davis.com
Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the
NATIONAL ASSOCIATION OF REALTORS®.
Why Home Equity Beats Facebook Equity
By: Dona DeZube
Facebook’s IPO and subsequent stock value points up a simple truth: It’s easy to get caught up in the notion of getting rich quick. But there’s no surer way to wealth than home ownership.
As Facebook’s IPO approached, it was easy to start traveling down the “what if” path: “What if I had equity in Facebook?!? How rich would I be?” If my parents had only bought me Berkshire Hathaway stock for my first birthday in 1962, I’d have made some serious money in stock equities.
Alas, they didn’t recognize the hot stock of their era any more than I would recognize the hot stock of mine. Like most Americans, it’s home equity, not stock equity, that will pad my bank account when I hit the retire-ment finish line. About two-thirds of Americans invest in home ownership, but only half of us invest in stocks. (I suspect this is in no small part because we have to make our mortgage payments every month or the bank comes and takes our houses back.) The fact is, more of us are getting rich by buying and paying off our homes than by picking the next Facebook. Here are some interesting facts from the National Center for Real Estate Research:
6 in 10 of us have more home equity than stock equity.
One-fifth of Americans’ total net worth is home equity.
Home owners accumulate, on average, $167,000 in their lifetimes, compared to $42,000 for renters.
The median wealth for the poorest American home owners, those earning less than $20,000, is 81 times that of renters with similar income.
In a recent study that took into account falling home prices, buying was still more likely to generate wealth than renting, simply because renters are more inclined to spend instead of save and invest in stocks.
The bottom line is this: Even if renting appears cheaper on a spreadsheet, the forced savings of home owner-ship leads to wealth more reliably than renting. Many of us simply don’t have the willpower or motivation to save our discretionary income and invest it in stocks. So unless you’ve got the inside track on the next hot future IPO, keep making your mortgage payments.
What’s worth more right now, your IRA or your home?
Winter 2012 www.mason-davis.com
Information deemed reliable but not guaranteed
M33960HG - Land Exmore $25,000
M33895HG - Land Exmore $20,000
M35191AM Eastville
$129,000
M35181JB Exmore $69,000
M34993HG Exmore $75,000
M35098HG Exmore
$125,000
M35290AM Parksley $165,000
M35529AM Onancock $175,000
M35537AM Painter, VA $400,000
COMMERCIAL
M34982HG Exmore
$119,000
M35574CN Eastville
$119,000
Winter 2012 www.mason-davis.com
December
December 1st
Annual Holiday House Tour Chincoteague Island
757-336-6858
Old-Fashioned Christmas Parade Chincoteague Island - Main Street 7pm Chincoteague Chamber of Commerce
757-336-6161
December 7th
17th Annual Holiday Sampler Tour “Shake, Rattle & Stroll” 3pm-7pm
Northampton Chamber of Commerce 757-678-0010
December 8th
Onancock Christmas Homes Tour & Music Festival Onancock Business and Civic Association 2pm-6pm 757-302-0388
Holiday Open House at Ker Place Eastern Shore of Virginia Historical Society 2pm-6pm 757-787-8012
December 12th -14th
NOEL Night on Second Friday Downtown Onancock 4pm – 8pm
Onancock Business and Civic Association 757-302-0388
ESVA
Calendar of Events
Information deemed reliable but not guaranteed
Photos courtesy of North Street Playhouse
Winter 2012 www.mason-davis.com
January January 1st
Polar Pony Plunge Assateague Island, VA 1:13 pm
Christmas by the Sea
January 19th
Bowen McCauley Dance Company Nandua High School 8pm – 10pm
Arts Council of the Eastern Shore 757-302-0366
January 20th
Bridal & Prom Expo Chincoteague 12pm – 4pm
The Chincoteague Center 757-336-0614
February February 8th
The Virginia Symphony Nandua High School 8pm – 10pm
Arts Council of the Eastern Shore 757-302-0366
February 9th
February Freeze Cape Charles Beachfront 11am
Habitat for Humanity 757-442-4687
February 14th
Nature Lover Valentine’s Day Dinner Marine Science Consortium, Wallops Island 6:30pm – 9pm
757-824-5636
February 16th
The Beach Bumz singing songs of The Beach Boys The Chincoteague Center 7pm 757-336-0614
February 23rd
BIC Oyster Roast Barrier Islands Center—Machipongo 757-678-5550
Have an upcoming event? Send us an email to [email protected] or call
Amy Higgins at our Onancock office 757-787-1010.
Winter 2012 www.mason-davis.com
47 Market Street
Onancock, VA 23417
(757) 787-1010
(800) 288-7037