Charlottesville VA Real Estate

Barracks West Condominiums*

Real Estate III is marketing the condo conversion* of the Old Salem Apartment complex on Barracks Road in Albemarle County just outside of the city of Charlottesville, Virginia.  This is an exceptional opportunity for both investors and owner-occupants seeking to purchase at incredibly attractive prices.  Contact me today for more information on how you can find housing in such a great location for under $200,000.

CLICK HERE for details on the currently available properties for sale at Barracks West!

Key Facts about Barracks West Condominiums:

• General Information:
• • 364 total units
  • Buildings were built in 1967
  • Location is phenomenal - minutes to UVA    

• The Financials:
• • The Unit Owners Association (UOA, equivalent to Home owners association or HOA) dues are $100/month;
  • There will be a Utility Assessment fee that varies by unit style/size - ranging from $63 - $133 per month for utilities and covers: gas, water, sewer, and trash collection;
  • There will be an one-time Initial Capital Contribution to the UOA of $300 at settlement;
  • Electric will be billed separately to each unit;

• Property Condition and Floor Plans:
• • There will be in the neighborhood of $6M worth of improvements around the complex - things like new building roofs, parking lot resurfacing, creation of park areas, etc.;
  • For all of the floor plans available at Barracks West, please click here.   

• Financing:
• •  Real Estate III's preferred lender for this project is Michelle Lewis with PHH mortgage. PHH Mortgage and its affiliates have been given the special designation of being the only lender in the nation that carries the Fannie Mae Seal of Approval. With this designation they are able to approve loans that would traditionally not be eligible for Fannie Mae financing.  For more information, call or email Michelle Lewis today - she can approve your loan in record time, and will provide scenarios for you to help you figure out which loan program is best for you.  Call 434.975-5552, email Michelle or visit her on the web. 

• Forms and related documentation:
• • Lead-based paint pamphlet   (.pdf file)
  • Market Rent estimates  (.pdf file)  

* Barracks West has been registered by the Virginia Real Estate Board. A condominium unit may be purchased by entering into a contract of sale, effective 4/28/2006.

Featured Homes
(scroll down for more listings):
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$599,950 - Dunlora - 2008 Renovation - spectacular! See www.845KingWilliamDrive.com for more info! See the MLS listing here.
FREE 24-HOUR RECORDED info: 800-544-4727 x2038
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$284,900 - Lake Monticello - 4BR/2.5BA, built in 2005, "like new" condition. See the MLS listing here. 
FREE 24-HOUR RECORDED info: 800-544-4727 x2012 ****************************************

$249,950 - Eagles Landing - 4BR condo - great investment or could be owner/occupied; Great Match Day option for a group of incoming Residents; 1,450 square feet! Location, Amenities!   See the MLS listing here.
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$199,950 - CHARLOTTESVILLE TOWERS - rarely available 2BR/1.5BA condo just steps to the Downtown Mall. See www.charlottesvilletowers.com for more details, or see the MLS listing here.
FREE 24-HOUR RECORDED info: 800-544-4727 x2061
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$199,950 - STONEHENGE - Excellent location, minutes to the UVA Hospital. 3 BR/2.5 BA townhouse in great condition! Available for sale or for rent. F or more details, orsee theMLS listings here.
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Barracks West Condos FOR SALE:
Several condos to choose from - all priced to SELL starting at $139,950 - call or email for more details.
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Call or email me for more information.

Steve Taylor
434.817.6055 (office)
800.257.8329 x6055 (toll free)
434.817.9808 (fax)
434.249.4972 (wireless)