2883 Seminole Trail
Charlottesville, VA

You don’t need a bank to buy this prime 3.9 acre parcel of land with an excellent Albemarle County location and 1260 feet of road frontage on 29 North. The property is adjacent to (but does not abut) Forest Lakes to the south and east. It contains buildings currently grossing $65,000.00 per year.

$3,490,000

- Down payment: $227,500.00 + your agent’s commission
- Interest rate: 6.5%, with interest payable monthly
- 3-5 year balloon (we can be flexible), payable interest only

This would be a full recourse non assumable mortgage
If useful to the buyer, we will subordinate our mortgage with the following provisions:
1) Proceeds from any such first deed of trust can go only to us but can be used to pay 50% of the interest due; none of the proceeds can go to Buyer.
2) All costs entailed in obtaining such a first must be paid independently by the Buyer (not added on to the first).
3) The first deed of trust must be approved in writing by us.

No improvements, changes, or alterations can be made to the property without specific agreement in writing from us until all amounts due us have been paid in full.

If you are interested, talk to us. As long-term investors, we have lots of flexibility. We are moving to South Dakota and in so doing have made ourselves less probable candidates for the eventual development of this property.


Gary Howie 434-760-1800