JMU property ownership in the Forest Hills neighborhood


JMU property ownership in the Forest Hills neighborhood
By Scott Rogers • July 31, 2017
Download a larger (21MB) version of this map here. This past Spring, JMU's student newspaper (The Breeze) published a very informative article about the Forest Hills neighborhood.... JMU purchases most of neighborhood for over $4 million Some pertinent excerpts from that article follow.... Over the last four years, JMU has purchased 14 homes in the 16-home neighborhood for approximately $4.2 million, according to public housing records obtained by The Breeze. Bill Wyatt, director of communications and university spokesperson, said the area was purchased to provide JMU faculty and staff with the opportunity to rent homes from the university, and that there are currently no long-term plans for the area. The funding for these purchases comes from JMU's auxiliary reserve account, which consists of funds held back on an annual basis for things like property acquisition and unexpected maintenance. The rent that faculty and staff pay back to the university makes it a breakeven proposition. Since I understand things better visually, I created the map at the top of this post to better show the context of these real estate transfers. You can download a rather large (21 MB) version of this map here. (the Breeze article as a PDF can be found here) Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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