Another Hundred-Thousand Dollar Price reduction

Posted on December 26, 2009 by Jim Duncan

Three days ago it was this foreclosure in Crozet.

This time in the Spring Creek development in Louisa – from $425,900 to $325,000.

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Spring Creek was (and is) a destination for those relocating to Charlottesville who want larger homes in a golf course community, but with the reasonable proximity to Charlottesville, the NGIC/DIA facility on 29 North as well as Richmond/Short Pump.

I have a feeling that there will be some strategic defaults here.

About Jim Duncan

A Charlottesville Realtor who tries to stay on the bleeding/cutting/functional edge of technology and real estate trends. I have been selling real estate for the past 10 years, lived in C'Ville for twenty+ and am married to one of few Charlottesville natives left.
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  • Mark

    I don’t know how great it would be to live in Louisa, but they do have a sweet new Super Wal-Mart right there.
    Considering it’s 8 days after the Snowpocalypse and on my street you still have to drive into a snowbank to let oncoming cars pass, I’m not too pleased with what I’m getting for my City taxes.
    95 cents on $100 of assessed value for this?
    For this and many other reasons I’m considering moving out of the City, either to Alb. or somewhere else- maybe Spring Creek!

  • http://www.realcentralva.com Jim Duncan

    Just wait until next month when City (and others’) assessments come out …