Loving Restored Home

The Edmunds House in historic Garland Hill was built by lawyer and VMI graduate, James Easley Edwards. This bright, sun-filled home boasts 54 windows, taking full advantage of spectacular sunsets and panoramic views of the Blue Ridge mountains. Enjoy the sunrise from the expansive wrap around porch overlooking the Black Water Creek natural area. The owners have lovingly restored the home to its original beauty, from the careful selection of historically correct Victorian paint colors to the restoration of woodwork. The large, open rooms are bright, livable and perfect for entertaining. Although the home has been used as a residence since 2015, it has potential for a B&B, or short-term rental. Additional information on home features, updates, and utility costs and the home’s story are available from the listing agent, Brenda Van Fossen, at (434) 941-6580.

The home is located in the Garland Hill Historic District where homeowners are provided protection against inappropriate renovations and demolitions in the historic designated area.  Location is within walking distance of the revitalized downtown or hike the adjacent Blackwater Creek Trail.

The home’s website is https://showsgreat.photography/109-Madison-St.  All pictures are available on the website.

As an incentive, the sellers will pay for a 2/1 interest rate buydown with an acceptable offer. The buydown is through Long & Foster’s affiliate lender, Prosperity Home Mortgage. As of February 10, 2023, Prosperity quoted 6.5% for a 30 year fixed rate mortgage.  With this 2/1 buydown, the principal and interest payment for the first year will be calculated as though the rate were 4.5% for a monthly savings of $596.82; for the second year, the principal and interest will be calculated using  5.5% for a monthly savings of $305.96.  These calculations assume a 20% down payment.  Call the agent for further details.

The home also qualifies for property tax savings through the local Rehabilitation Exemption Program through June 30, 2032. Savings this year are $2,086.

Details

Property ID
467628

5
Bedrooms

4
Bathrooms

Square Footage
4781

Lot Size
0.375

Year Built
1890

Style
Other

Property Website