Home for Sale at 2049 MIDDLEBRANCH DR, NORTH GARDEN, VA 22959

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2049 Middlebranch Dr
North Garden, VA 22959

CARTER MONTAGUE with MONTAGUE, MILLER & CO. - WESTFIELD, original listing - (434) 973-5393

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Property Details

List Price:	$1,950,000
Beds:	4
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	3758 Square Feet
Agency:	MONTAGUE, MILLER & CO. - WESTFIELD
Agency Phone:	(434) 973-5393

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Description/Comments

Lot Size:	40 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1986
Notes:	Conveniently located just 15 minutes south of Charlottesville, this 40-acre horse farm enjoys a gorgeous setting and is anchored by a custom, one-owner home built in 1986. 4 BRs, 4 woodburning fireplaces, country kitchen with huge windows and beams. Cozy library and living room, both with built-ins and fireplaces. There is a wrap-around porch that is screened on the side. Upstairs are 4 bedrooms, including primary suite with fireplace, and a wide center hall with sitting area. A pool area and pool house are immediately south of the main home. The house sits on an elevated site overlooking the mostly open 40 acres, which includes hay fields, a creek as one border, and fenced paddocks. There is a large barn suitable for a variety of uses, as well as a 7-stall horse stable and an outdoor riding arena, all in very good condition. Not just an equestrian property, the land is versatile. The property consists of 2 tax parcels, one of which is a 5-acre lot which adds significant investment value as well as options for 2nd home or guest house on the property. With bucolic pastoral views in every direction, this is a perfect small farm in a desirable location in southern Albemarle.
MlsNumber:	--
ListingId:	663494

Listing Provided By:	MONTAGUE, MILLER & CO. - WESTFIELD, original listing
Phone:	(434) 962-3419
Office Phone:	(434) 973-5393
Agent Name:	CARTER MONTAGUE
Disclaimer:	Copyright © 2025 Charlottesville Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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