Asking Price in 20180 - 3 Bedroom Single Family Homes
Homes for Sale in Lovettsville
Lovettsville is a small town in northern Virginia about two miles from the Maryland border. Originally known as the "German settlement," Lovettsville developed around the German Reformed Church in the early 1700s. The town's beautiful architecture and variety of country stores are framed in the scenic setting of the Shorthill Mountains.
Lovettsville was originally called New Town and then Thrusher's Store. The town was eventually named Lovettsville after Daniel Lovett who laid out the street plans for the town in 1820. Lovettsville is surrounded by beautiful farms. The world famous author Katherine Patterson once taught the sixth grade in Lovettsville. Her book, Bridge to Terabithia, was inspired by her life in Lovettsville.
The real estate market in Lovettsville consists primarily of single-family homes and land parcels for real estate investors that are interested in custom home development. Prices for properties in Lovettsville generally start in the low $200,000s.
Lovettsville Real Estate Market Info - Prices of Houses for Sale in Lovettsville
Lovettsville has a number of subdivisions that are located within walking distance from the public library, supermarkets, and the Lovettsville Community Park. Future homebuyers will have many charming homes to choose from with prices starting in the low $200,000s in neighborhoods such as Short Hill and Springdale, to upwards of $1.5 million for a custom built 4-bedroom home in the McKimmey subdivision. For real estate investors that are interested in custom building their home, land parcels are abundant in Lovettsville with prices starting at $115,000 for a 3.5 acre lot next to a pond.
Lovettsville Real Estate Stats and Trends for the week of January 22nd, 2020: homes priced around $460,834 compared to $461,052 the previous week, for a slight decrease of less than -1%. For Wednesday, January 22nd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.