NOT LISTED FOR SALE

2781 Adial Rd Faber, VA 22938

Estimated Value: $2,070,000 - $4,141,000

10 Beds
5 Baths
7,312 Sq Ft
$468/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $4,150,000 $568 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $18,507/month

232 Days on Market

Highlights

  • Waterfront
  • Wood Burning Stove
  • Private Lot
  • 160.33 Acre Lot
  • Farm
  • Pond

About This Home

As of August 2023

160 ACRES OF PURE BEAUTY WITH 4 ADORABLE LOG CABINS, LAKE, MOUNTAINS & FARMHOUSE. Log cabins rest on a beautiful lake with stunning mountain views from every angle. Property provides 360 mountain views with views from the elevated dome that are breathtaking This very profitable and well managed resort has opportunities for expansion. Perfect building site elevated above the lake would be a perfect wedding venue, winery, or home site. Infrastructure in place to build 2 more cabins by the lake. Farmhouse provides another living quarter or could be rented for additional income. The cabins stay booked year around and provide a unique place for people to relax. Revenues of $338,978 in 2020 and $362,289 in 2021. Revenues can easily be increased by renting out the farmhouse. Prime location only minutes away from Wintergreen Resort, vineyards, breweries and 30 minutes from the Charlottesville area. Business and business assets sold with the property.

Last Agent to Sell the Property

Gary Palmer

TOWN REALTY License #0225217224 Listed on: 11/25/2022

Last Buyer's Agent

Jim Faulconer

MCLEAN FAULCONER INC., REALTOR License #0225209215

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,175

Year Built

  • Built in 2015

Lot Details

  • 160.33 Acre Lot
  • Waterfront
  • Elevated Lot
  • Private Lot
  • Gentle Sloping Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned A-1 Agricultural

Property Views

  • Water
  • Panoramic
  • Mountain

Home Design

  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 7,312 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Gas Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Concrete
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 10 Bedrooms | 6 Main Level Bedrooms
  • Bathroom on Main Level
  • 5 Full Bathrooms
  • Primary bathroom on main floor

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Side Facing Garage

Outdoor Features

  • Pond
  • Front Porch

Schools

  • Nelson Elementary And Middle School
  • Nelson High School

Farming

  • Equipment Barn
  • Farm

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Heating System Uses Propane
  • Well
  • Septic Tank
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 33 A 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,175

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 7312
  • Design: Cabin
  • L V T Date: 11/25/2022
  • Parcel Number: 33 A 8
  • Price Per Sq Ft: 567.56
  • Property Included: See docs for business property that conveys with the sale of the property
  • Total Sq Ft: 7312
  • Type of Construction: On Site Built
  • Zoning: A-1 Agricultural
  • Best Use: Resort, wedding venue, winery, home sites
  • Current Use: Resort
  • Subdivision: NONE
  • Comments: Yes
  • Concatenated Rooms1: |Bedroom1|Dining Roo1|Living Roo1|Master Bed1|Full Bath1|Laundry1|Other1|Foyer1|Bedroom1|Full Bath1|Living Roo1|Kitchen1|Bedroom2|Foyer1|Bedroom1|Full Bath1|Living Roo1|Kitchen1|Bedroom2|Foyer1|Bedroom1|Full Bath1|Living Roo1|Kitchen1|Bedroom2|Foyer1|Bedroom1|Full Bath1|Living Roo1|Kitchen1|
  • Structures Deck Porch: Porch - Front, Porch - Rear
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Gas, Wood Stove, Wood Burning
  • Laundry: Dryer, Washer
  • Room 1: Bedroom,On Level: 1
  • Room 2: Dining Room,On Level: 1
  • Room 3: Living Room,On Level: 1
  • Room 4: Master Bedroom,On Level: 1
  • Room 5: Full Bath,On Level: 1
  • Room 6: Laundry,On Level: 1
  • Room 7: Other,On Level: 1
  • Room 8: Foyer,On Level: 1
  • Room 9: Bedroom,On Level: 1
  • Room 10: Full Bath,On Level: 1
  • Room 11: Living Room,On Level: 1
  • Room 12: Kitchen,On Level: 1
  • Room 13: Bedroom,On Level: 2
  • Room 14: Foyer,On Level: 1
  • Room 15: Bedroom,On Level: 1
  • Room 16: Full Bath,On Level: 1
  • Room 17: Living Room,On Level: 1
  • Room 19: Bedroom,On Level: 2
  • Room 20: Foyer,On Level: 1
  • Total Finished Sq Ft: 7312
  • Above Grade Finished Sq Ft: 7312
  • Fireplace Location: Living Room
  • Foundation: Concrete Slab
  • Kitchen Appliances Feat: Dishwasher, Electric Range, Microwave, Refrigerator
  • Kitchen Cabinets Counters: Formica Counter, Soapstone Counter, Wood Cabinets
  • Land Description: Elevated, Farm, Gently Rolling, Nearly Level, Partly Cleared, Partly Wooded, Private, Water Front
  • Level: 1 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 5
  • Number of Main Level Bathrooms: 5
  • Number Beds: 10
  • Number Beds Main Level: 6
  • Full Bathrooms: 5
  • Room 18: Kitchen,On Level: 1
  • Room 21: Bedroom,On Level: 1
  • Room 22: Full Bath,On Level: 1
  • Room 23: Living Room,On Level: 1
  • Room 24: Kitchen,On Level: 1
  • Room 25: Bedroom,On Level: 2
  • Room 26: Foyer,On Level: 1
  • Room 27: Bedroom,On Level: 1
  • Room 28: Full Bath,On Level: 1
  • Room 29: Living Room,On Level: 1
  • Room 30: Kitchen,On Level: 1
  • Room Types: Bedroom, Dining Room, Foyer, Full Bath, Kitchen, Laundry, Living Room, Master Bedroom
  • Room Types Level1: Bedroom (L1), Dining Room (L1), Foyer (L1), Full Bath (L1), Kitchen (L1), Laundry (L1), Living Room (L1), Master Bedroom (L1)
  • Room Types Level2: Bedroom (L2+)
  • Source of Sq Ft: Owner

Exterior Features

  • Exterior: Log, Wood
  • Farm Features: Equipment Bldg
  • Number Of Acres: 160.33
  • Roof: Metal - Other
  • Structure Features: Hot Tub
  • Structure Floors: Ceramic Tile, Concrete, Luxury Vinyl Plank
  • Structure Security: Smoke Detector(s)
  • Structure Window Ceiling: 10' Ceilings, Screens
  • View: Mountain View, Panoramic View, Water View
  • Water Property: Pond / Lake, Stream / Creek

Garage/Parking

  • Garage: Yes
  • Garage Features: Attached, Faces Side, Large Vehicle
  • Number of Car Spaces: 2

Utilities

  • Cooling: Central AC, Mini Split, Wall Unit(s)
  • Heating: Central Heat, Propane, Radiant, Split Unit
  • Cable Available: Fiber-Optic
  • Sewer/Septic System: Septic Tank
  • Water: Individual Well

Lot Info

  • Lot Features: Barn, Private Road

Building Info

  • Year Built: 2015

Tax Info

  • Year: 2021
  • Taxes: 5175

MLS Schools

  • HighSchool: Nelson
  • Middle School: Nelson
  • Elementary School: Nelson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2022
Closed on
Aug 19, 2023
Sold by
Blakeslee Duane H and Blakeslee Lisa L
Bought by
Fs Virginia Wellness Center Llc
Seller's Agent
Gary Palmer
TOWN REALTY
Buyer's Agent
Jim Faulconer
MCLEAN FAULCONER INC., REALTOR
List Price
$4,250,000
Sold Price
$4,150,000
Premium/Discount to List
-$100,000
-2.35%
Views
190
Current Estimated Value
$3,424,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$725,765
Avg. Annual Appreciation
-8.09%

Purchase Details

Closed on
Feb 24, 2014
Sold by
Kruger Family Limited Partnership
Bought by
Blakeslee Duane H and Blakeslee Lisa L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fs Virginia Wellness Center Llc $3,850,000 Chicago Title
Blakeslee Duane H $1,000,000 Stewart Title Guaranty Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2023 08/28/23 Sold $4,150,000 -2.4% $568 / Sq Ft
07/15/2023 07/15/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $4,250,000 0.0% $581 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $4,250,000 0.0% $581 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
11/25/2022 11/25/22 For Sale $4,250,000 -- $581 / Sq Ft
Source: Charlottesville area Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $1,819,500 $1,111,800 $707,700
2024 -- $1,819,500 $1,111,800 $707,700
2023 $5,951 $1,819,500 $1,111,800 $707,700
2022 $5,951 $1,819,500 $1,111,800 $707,700
2021 $5,175 $1,651,500 $1,103,800 $547,700
2020 $5,175 $1,651,500 $1,103,800 $547,700
2019 $5,175 $1,651,500 $1,103,800 $547,700
2018 $5,175 $1,651,500 $1,103,800 $547,700
2017 $11,807 $1,639,900 $1,103,800 $536,100
2016 $11,807 $1,639,900 $1,103,800 $536,100
2015 $1,228 $0 $0 $0
2014 $1,228 $1,127,500 $1,055,800 $71,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 636844

Charlottesville area Association of Realtors®

APN: 33-A-8