graphicReal Estate In Bedford

The City of Bedford, with its small-town appeal, offers everything from new modern ranches to historic homes built circa 1800’s. Drive along Peaks Street (43 North), Longwood, Bedford and Avenel Avenue and enjoy these magnificent old residences full of charm, character and history. Prices will vary according to the location and condition, normally running from $100,000 to $200,000 and higher.

Bedford County is the fastest growing Virginia county west of I-95. It offers fine schools and residences of every type, from those with acreage to residential neighborhoods. Bordered by the Blue Ridge Mountains on the west, James River to the north and Smith Mountain Lake on the south, Bedford County offers beautiful views and the convenience of community living.

North Hills
North Hills Subdivision (referred to as "just beyond the hospital"), features mainly brick ranch homes ranging from 1,600 to 2,200 square feet of living area. Most of the homes enjoy fantastic views of Bedford’s famous twin peaks of the Blue Ridge Mountains known as the "Peaks of Otter." Prices range from $150,000 to $200,000 plus. Also clustered within this area are North Hills Estates, consisting of bi-levels and 1-story homes and selling in the $135,000 plus price, and Peakland Court with mainly brick colonials selling in the $260,000 plus price range.

High Acre Estates
One of the newer subdivisions in the City, this area offers a mix of large ranch homes and colonials, sidewalks, street lamps and views. An upper priced neighborhood with homes costing in the $200,000 plus range.

Smithfield and Bedford Hills
A 20+ aged development and solid location of mid-priced homes with bi-levels and ranches, it is consistently well-maintained and holds its value. Average prices are in the $90,000 to $125,000 range.

Town and Country and Western Hills
1960’s subdivision located on the western edge of the city and county. These areas consist of basic brick ranches with adaptations and improvements over the years. Neighborhoods are a good mix of young families and retirees. This is a perfect location for starter homes with prices from $85,000 to $100,000.

Hillcrest Subdivision
Good homes for the money. Brick ranches built on slabs, some with basements. This location has PSA water and beautiful mountain views. Prices range from $75,000 to $100,000.

Goose Creek Valley, Montvale and Villamont
Quaint homes nestled in the wooded hillsides along US 460 West. Charming and close knit communities with a variety of subdivisions off the side roads of 460 offering mini farms, contemporaries and doublewide developments.graphic

South, Southwest Bedford County, Body Camp, Moneta, Huddleston
Smith Mountain Lake, the largest lake in the state (500 mile shoreline), forms much of the southern border of the county. Construction on this man-made lake began in 1960. In the mid-70’s, this area began heating up and continues to grow by leaps and bounds. Numerous on-water and off-water subdivisions, condominiums, golf course communities and retail stores abound in this area. Housing cost and land sales continue to increase yearly.

The first subdivision established in the Goode area with acreage tracts. Offers a mix of ranch and two-story homes. Well maintained through the years with a mix of public and private roads. Average prices range from $150,000 to $200,000+.

Kings Grant

With convenient access to Bedford or Lynchburg, this area offers a variety of homes styles and exteriors. There are still building lots remaining in the $21,000 to $31,000 price range. This neighborhood’s homes are in the $150,000 to $225,000 range.

Peaksview Estates and Peaksview Lakes
Home styles are basically two-story colonial with beautiful mountain views and lake views. Homes are priced in the $200,000 to $250,000 range.

Forest Area (between New London and Lynchburg)
Since 1990 Bedford has been the fastest growing county west of Richmond. Between 1987 and 1997, the county lost 42 farms and 9,200 acres of agricultural land. Taking their place were suburban neighborhoods, with most of the growth in the Forest area. Forest has become a bedroom community for Lynchburg with new subdivisions coming on line almost on a daily basis. Listed is a very small sampling of some of the more established areas.

Ivy Hills
Bedford County’s first upscale neighborhood, catering to corporate America, featuring an 18-hole golf course, clubhouse, pool and tennis courts. Clustered around this community are Ivy Lakes, Haines Point, Lake Point, Overlook Knowles, Ivy Lakes, Ivy Wood and Ivy West. A good variety of traditional, contemporary and two story colonials. Prices will range from $150,000 to $400,000 plus.

Gilfield Village at Ivy Hill
One the newest developments located in Bedford. The 100-lot residential development lies in the Jefferson Magisterial District. The development boasts abundant city water, underground utilities, three lakes/ponds, large lots, independent sewer systems, scenic views and much more. Lots are priced from $40,000 to $65,000.

Lake Vista, Forest Lakes
Communities within communities that offer quality homes in the $150,000 to $300,000 plus range. Townhomes and condominiums are also available in the $80,000 to $190,000 range. This area is close to numerous shopping opportunities.

Newer construction with generously sized homes in the traditional design. Upscale area with prices between $230,000 and $400,000 plus.

Peters Estatesgraphic
A middle to upper priced neighborhood with wooded lots offering a mix of ranch style and two-story colonial homes. Prices will average between $130,000 to $270,000.

Jefferson Woods
Very affordable housing in this area with a good mix of bi-levels, split-levels and two-story homes. Priced from $100,000 to $150,000. It has maintained its value and turns over well.

North Bedford County, Charlemont, Sedalia, Big Island and Boonesboro
The Boonesboro section of Bedford County continues to be a highly sought after address. This area blends into Lynchburg. Homes prices will vary. With its natural beauty, Blue Ridge Parkway access, Jefferson National Forest, Appalachian Trail and the James River, this area is one of the most scenic in Bedford County. This portion of the county is beginning to get the development thrust from Lynchburg as more people seek a quieter lifestyle that is not isolated.

2002 Average Home Sales Price: $161,000,,

The BACC acknowledges Judy Rush, CRS, GRI, ABR -Scott & Bond, Inc, Realtors for preparation of this information.


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