weichert...it's a shore thing!

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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 Winter 2012

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Providing community and real estate information for the Eastern Shore of Virginia.

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Page 1: 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

Page 2: Weichert...It's a Shore Thing!

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

Page 3: Weichert...It's a Shore Thing!

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]

Page 4: Weichert...It's a Shore Thing!

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

Page 5: Weichert...It's a Shore Thing!

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

Page 6: Weichert...It's a Shore Thing!

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

[email protected]

Page 7: Weichert...It's a Shore Thing!

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.

Page 8: Weichert...It's a Shore Thing!

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

Page 9: Weichert...It's a Shore Thing!

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

Page 10: Weichert...It's a Shore Thing!

Winter 2012 www.mason-davis.com

We are Weichert Realtors Mason-Davis...

proudly serving the community.

Tammy Mason 757-710-2295

[email protected]

Amy Higgins 757-709-1761

[email protected]

Cindy Perro Associate Broker

757-374-2263 [email protected]

George Schoolfield 757-710-1871

[email protected]

Nancy James 757-710-3089

[email protected]

Lorraine Mason Associate Broker

757-709-2032 [email protected]

Maureen Mackay 757-709-8590

[email protected]

Colin Cowling 757-710-7456

[email protected]

Don Forbes Associate Broker

757-787-1016 [email protected]

Rena Gates 757-710-7975

[email protected]

Helen Glenn 757-710-3129

[email protected]

Jane Bulette Managing Broker

757-710-0319 [email protected]

Andy Mason Owner/Principle Broker

757-710-8497 [email protected]

Cindy Nicolls 757-710-2934

[email protected]

Page 11: Weichert...It's a Shore Thing!

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

Page 12: Weichert...It's a Shore Thing!

Winter 2012 www.mason-davis.com

Information deemed reliable but not guaranteed

Eastern Shore of Virginia

Page 13: Weichert...It's a Shore Thing!

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

Page 14: Weichert...It's a Shore Thing!

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

Page 15: Weichert...It's a Shore Thing!

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

Page 16: Weichert...It's a Shore Thing!

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?

Page 17: Weichert...It's a Shore Thing!

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

Page 18: Weichert...It's a Shore Thing!

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

Page 19: Weichert...It's a Shore Thing!

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.

Page 20: Weichert...It's a Shore Thing!

Winter 2012 www.mason-davis.com

47 Market Street

Onancock, VA 23417

[email protected]

(757) 787-1010

(800) 288-7037