JMU purchases another property in Forest Hills


JMU purchases another property in Forest Hills
By Scott Rogers • September 11, 2017
JMU has purchased another property in the Forest Hills neighborhood -- as shown above, in purple, with red "JMU" letters. Click here for a larger, updated, version of this map. As per HarrisonburgPropertyTransfers.com.... August 3, 2017 - Richard L. Sheppard to The Visitors of James Madison University, lot at the intersection of Forest Hill Road and Hickory Hill Drive, $308,000. As per my previous article, per 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. It seems JMU now owns the vast majority (19 out of 24) of properties in the Forest Hills neighborhood as I have defined it. A few more properties and they will have a large chunk of land that could be (perhaps in the far future?) used for a variety of purposes, one might imagine.... 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 21, 2024 (unless otherwise noted).
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