Inside Williamsburg Real Estate

Get the inside scoop on the Williamsburg Virginia Real Estate Market. Realtor Marshall Toney with Berkshire Hathaway Homeservices shares monthly market updates, Williamsburg VA. neighborhood and community profiles. Learn about the culture and communities that make Williamsburg Virginia a great place to call home.  See the latest real estate listing available in Williamsburg.

 

Oct. 2, 2017

3220 Lytham Ct Toano Va is for Sale

The convenience of ranch style living matched with elegant design. Upon entering the foyer of this home you will be treated to a view of the light filled great room. The great room has cathedral ceiling and is open to the kitchen which offers stainless steel appliances, granite counters, glass mosaic tile back splash, spacious dinette area as well as a morning room offering plenty of seating for family gatherings. The master bedroom is a private retreat that features tray ceilings and walk-in closet. The spa-like master bath offers dual vanities, separate shower and garden tub. The main-level also has 2 additional bedrooms, bathroom and laundry room. The icing on the cake is that this home offers a completely 2,700+ square foot finished lower level that's large enough to provide recreation area, media space, workshop, workout space, half bath and additional living space that can be used as bedroom or home office.

Presented By:

Marshall Toney

Associate Broker
Berkshire Hathaway HomeServices Towne Realty
757-328-0095
Licensed In: VA

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Aug. 2, 2017

718 Olde Towne Road, Surry, VA 23883

Waterfront 12+/- Acres along the Jamesriver

Just Listed

Presented By:

Marshall Toney

Associate Broker
Berkshire Hathaway HomeServices Towne Realty
757-328-0095
Licensed In: VA

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$ Click for current price

Another once in a lifetime opportunity has surfaced. Yes, it's true, you have an opportunity to purchase this unbelievable, rare, waterfront property which offers 1200 =/- feet of deep water and beach access. This jewel offers 12.00+ acres of breathtaking views of the James River and Grays Creek. The parcel is almost perfect in every sense of the word. It's remote enough to offer the feeling of being out of the busy day to day life while being convenient enough to be only minutes to the Scotland Ferry. This property will offer you unlimited opportunities. Call today for your private sho...

 
July 28, 2017

4056 Penzance Pl, James City County, VA

OPEN HOUSE July 30, Sunday 1:00 PM - 3:00 PM

$ Click for current price
3 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 2093 SQUARE FEET

WOW!! Pristine home built in 2012 located in a spectacular neighborhood nestled on a quiet cul de sac and a large yard backing up to green space. Upon entering this home the foyer opens into the light-filled dining room/living room combination. The family room is large enough for any size family gathering, whether it's formal or informal. The custom kitchen has granite counter tops and back splash, large island with breakfast bar and walk-in pantry. The kitchen is adjacent to a sun-filled morning room. The laundry room/mud room combination provides easy access into the two car garage. Upstairs you'll discover three bedrooms, two bathrooms and a loft. This second floor loft is the perfect space for a home office or playroom. Huge master bedroom suite, endless closet and storage space.

Presented By:

Marshall Toney

Associate Broker
Berkshire Hathaway HomeServices Towne Realty
757-328-0095
Licensed In: VA

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June 23, 2017

120 KING WILLIAM DR, JAMES CITY COUNTY 23188

120 KING WILLIAM DR, James City County, VA

OPEN HOUSE June 24, Saturday 1:00 PM - 3:00 PM

$ Click for current price
3 BEDROOMS | 2 (1 full, 1 half ) BATHROOMS | 1320 SQUARE FEET

Flipping Unbelievable! Just absolutely gorgeous and beyond impressive. This easy flowing contemporary floor plan offers you the flexibility and the additional space you have been searching for. Neutral colors throughout, beaming hardwood floors, ceramic counter tops and sleek stainless steel appliances are just a few of the features. The owners appreciate modern technology and have added a few of these; such as, Smart thermostat, CAT5 wiring, key-less entry door, security system and surround sound. Year built means nothing anymore if done right!!

Presented By:

Marshall Toney

Associate Broker
Berkshire Hathaway HomeServices Towne Realty
757-328-0095
Licensed In: VA

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May 5, 2017

3236 Buckingham Drive Toano Va 23168 Home for sale

3236 BUCKINGHAM DR, James City County, VA

OPEN HOUSE May 06, Saturday 1:00 PM - 3:00 PM

$ Click for current price
5 BEDROOMS | 4 (3 full, 1 half ) BATHROOMS | 5281 SQUARE FEET

Great place to raise kids. 5 bedrooms, 3.5 baths, home office, 2,168 square foot finished basement, 3 car garage. Make lasting memories here. Features of the community includes a neighborhood park, soccer field, tennis court, clubhouse, pool, exercise gym, kiddie pool, walking and biking trails plus near by golf course.

May 5, 2017

Open House 120 King William Dr Williamsburg Va

120 KING WILLIAM DR, James City County, VA

OPEN HOUSE May 07, Sunday 1:00 PM - 3:00 PM

$ Click for current price
3 BEDROOMS | 2 (1 full, 1 half ) BATHROOMS | 1490 SQUARE FEET

Flipping Unbelievable! Just absolutely gorgeous and beyond impressive. This easy flowing contemporary floor plan offers you the flexibility and the additional space you have been searching for. Neutral colors throughout, beaming hardwood floors, ceramic counter tops and sleek stainless steel appliances are just a few of the features. The owners appreciate modern technology and have added a few of these; such as, Smart thermostat, CAT5 wiring, key-less entry door, security system and surround sound. Year built means nothing anymore if done right!!

Presented By:

Marshall Toney

Associate Broker
Berkshire Hathaway HomeServices Towne Realty
757-328-0095
Licensed In: VA

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Jan. 17, 2017

Is Buying a House in Williamsburg Getting Easier?

Buying a house should be getting easier.

 

For most people who are looking into buying a house in Williamsburg for the first time, the two greatest obstacles appear to be financial, and—for lack of a better word—emotional.

 

Let’s deal with the second barrier right off the bat. Emotional may not be an apt adjective because most of the emotions that accompany the process of buying a house are positive. The potential of joining your Williamsburg friends as a homeowner is certainly a positive goal. Accompanying your chosen Williamsburg REALTOR® on house-hunting tours in search of your dream house takes energy—but they are also some of the most interesting shopping trips imaginable. And the pride of ownership that comes with unlocking your own front door for the first time is a truly satisfaction-producing moment.

 

Stacked up against all those positives is one strong negative for first-time buyers: the instinctive impulse to avoid the unknown. The process of buying a house is full of legal, technical and procedural details that can appear to be all but impenetrable to those who’ve never weathered them before. That makes it understandable why you’d want to put off tackling the whole can of worms—especially since buying a house is such a weighty transaction.

 

The reason this first barrier is ultimately overcome is probably also why nearly 90% of U.S. residential real estate transactions involve a real estate professional. It doesn’t take long before most future buyers learn that they can enlist the services of a professional like me to act on their behalf…for free! With a Williamsburg REALTOR to guide and advise on all aspects of buying a house in Williamsburg, the technicality obstacle disappears. Veteran homeowners don’t give it a second thought.

 

Which leaves that other barrier: the financial one.

 

But here, too, buying a house should have gotten somewhat easier. Not because it’s any easier to make money—and not because having enough of the green stuff isn’t still a prerequisite to getting a front door key of your own—but because there are so many readily accessible ways to track and control personal finances. Keeping up with household expenses once meant conscientiously stacking incoming bills and mailing out payments at the end of the month—then having to wait for the bank statement to arrive to verify household balances.

 

Today all that information can handled online—and any number of personal finance software solutions like Quicken, Microsoft Money, and iCash make it easy to track and schedule just about everything. That means it’s a simple matter to keep on top of all the income and expense flows as their deadlines come and go month-by-month. This doesn’t make any expenses disappear, but it does make it much less likely that due dates will be accidentally overlooked—or that credit score damage will result. It also makes it a whole lot easier to project income and expenses into the future—and to plot a savings trajectory that produces the down payment you need when you need it.

 

Buying a house in Williamsburg becomes a less daunting prospect when your financial picture is organized for clarity—and when your house-hunting team includes an agent with wide local experience and personal knowledge of the current Williamsburg offerings. That’s me!

Jan. 3, 2017

Top 8 New Year’s Resolutions for Williamsburg Real Estate

For most Williamsburg celebrants, the holiday season hasn’t been a single non-stop flurry of activities (even though that’s what sticks in our memories). In fact, the holidays usually include more stretches of free time than we generally experience. Probably because our regular schedules get shredded over the holidays, you can usually count on injections of unclaimed time—whether spent in airport departure lounges or at home, awaiting waylaid deliveries or overdue guests.

 

Such moments provide a disguised benefit. Especially this week, as we begin our voyage into Williamsburg’s New Year, there is no more apt time to steal the moments needed to consider what fresh initiatives might be possible.

 

It is New Year’s Resolution time, after all—and if a change in Williamsburg real estate matters could be due, that’s something that probably belongs near the top of the list. With that in mind, here are the most frequently named real estate-related subjects in popular New Year’s resolution lists:

 

1. Make extra mortgage payments — even a single extra payment a year makes a surprisingly large financial impact

 

2. Downsize — recognizing when family living space requirements shrink can mean significant cash savings as well as property maintenance time and effort

 

3. Upsize — sometimes the extra elbow room yields major quality of living gains

 

4. Save Up for a Down Payment — even if a new home isn’t contemplated in the near future, the sooner a regular saving plan is put into action, the easier it will be to meet the goal

 

5. Tackle Deferred Household Maintenance Items — for efficiency and pride of ownership

 

6. Buy an Investment Property — a thoughtful Williamsburg real estate investment can yield both cash flow and long-term growth benefits

 

7. Get Organized — de-cluttering is a near universal New Year’s resolution

 

8. Get Efficient — cutting energy consumption and/or water usage by converting outdated household systems should result in net operating outlays

 

When it comes to Williamsburg real estate initiatives, a list of your own New Year’s resolutions may be minor or monumental. If it’s the latter (and a possible change of residence is nearing) you might add one item to your New Year’s to-do list: call me!

Dec. 15, 2016

U.S. Home Owner’s Equity Doubles: Here’s How and Why

Diana Olick is a well-known industry writer. Anyone with an interest in Williamsburg real estate can usually find something of value when she comes up with a new entry in her CNBC column (the one with the pun-worthy title, “Realty Check”). This month she commented on the rising housing market across the nation and its repercussions in terms of homeowner equity.

 

The piece points out that in the U.S., home equity has doubled over the last five years!

 

It’s hardly news that home values have been steadily on the rise—that’s been a trend long seen in the asking prices in Virginia and our Williamsburg listings. But the idea of homeowner equity actually doubling could be hard to believe.

 

That’s a claim that sounds a like quite an exaggeration…until you stop to think about what is actually being said. When a Williamsburg homeowner sees that their home’s “equity” has doubled, what it doesn’t mean is that its value has doubled.

 

Here’s a simplistic example. Suppose a Williamsburg homeowner’s vacation cabin was estimated to be valued at $100,000 in 2011. Doubling the owner’s equity doesn’t mean that today the cabin would be worth $200,000. The “equity” in the property is the amount of investment value currently owned: the difference between its market value (in this case, the original $100K) and the amount owed on its mortgage. So if there were a $70,000 mortgage outstanding on the cabin five years ago, its equity at that point would have been the difference: $100,000-$70,000—or $30,000.

 

Using CNBC’s calculations (actually, they relied on research from CoreLogic), for our example property to match the national average, today its owner’s equity would have had to have doubled to $60,000.

 

For many Williamsburg real estate owners, that’s not much of a stretch.

 

Keep in mind that as time moves on, for all mortgage loans other than interest-only loans, the amount owed is reduced with each payment. If the principal portion of the payments had averaged just $200 a month, the amount owed would now be down to $58,000. For the owner’s equity to have doubled to $60,000, the market value would only have to have risen to $118,000: and that’s a mere 18% rise, which works out to an average of 3.6% per year. That wouldn’t be unusual, considering the steady gains we’ve seen. Long story short: voila—investment equity doubled!

 

The moral of the story isn’t just that there are many happy Williamsburg homeowners—but that the investment value of owning a home continues to be what it has been for as long as real estate has been bought and sold: a very canny investment. If you are planning on adding to your own personal Williamsburg real estate investments, I hope you’ll consider using my services as a key part of your strategy. Do call me 757-328-0095(Marshall)!

Nov. 15, 2016

A Few New Tricks to Speed Selling Your Williamsburg House

 Flicker.com-clean closet image

If you have much experience with selling your house, you probably have your own ideas about what has seemed to be the preparations that made the most difference with the least trouble and expense. Here are three you might not have used before:

 

* Closets – every now and then you’ll see clutter-clearing advice that emphasizes how important it is that closets be neat and organized—shoes lined up, drawers closed, shelves neatened, etc. The new idea is to empty the closets. Not entirely, though: empty just half of what’s in there! It’s actually a good way to use a closet, because when it’s jammed to the rafters, many items are never used anyway (they get lost among everything else). By putting half the stuff into storage, the net effect is that closets appear much more spacious.

 

* Refrigerators — an age-old adage has it that what you’re really selling isn’t a Williamsburg house; it’s a kitchen. That’s an exaggeration with a grain of truth. Nobody would say that you’re selling a refrigerator—but there might be another grain of truth in there as well. Buyers really do open refrigerator doors, and what they find registers. So the cleaner, the better. Since cleaning involves emptying it shelf by shelf, while you’re at it, you might as well take the opportunity to declutter. In refrigerator terms, decluttering means getting rid of the bits and pieces and too-ancient jars you won’t ever use again anyway. Some expert advice includes actually staging your fridge: adding healthy items selected for maximum foodie appeal. But since you have to continue preparing actual meals for everyone, I suggest sticking to the usual family favorites.

 

* Lights: at night — especially once I’ve planted my “FOR SALE” sign out front—there is a fresh opportunity to indulge in some inexpensive Williamsburg showmanship. Think “stage lighting.” Now that the Williamsburg days are short and nights long, more folks are out driving in the dark of night or early morning. A floodlit entryway flanked by attractive spots highlighting landscape features will add eye-catching architectural interest. Too, when you’re selling your house, it never hurts when you also subtly upstage the surrounding properties. For some homes, color can be especially appealing when it’s not too garish.

 

Those are just three easy but effective ideas that are among those that can add up to a Williamsburg house that earns its “SOLD” sign fast. Since every property is unique, each offers different opportunities. When you give me a call for a no-obligation consultation, we can put our heads together to come up with some that will work best!