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June 13, 2017

Broker: Brentmoor’s sale could bring up to $750,000

File Photo/Cassandra Brown
The town in 1999 paid $460,000 for Brentmoor, which remains vacant after the John S. Mosby Museum closed.
Brentmoor Property
• Size: 3.06 acres

• Where: Main and North Calhoun streets, Warrenton.

• Owner: Town of Warrenton.

• Purchased: For $460,000 in February 1999 for development of John S. Mosby Museum.

• House: Brentmoor, 4,200-square-foot Italianate, built in 1859, converted to museum with donations and grants.

• Visitor center: Two-story brick structure, which the town built in 2006 at 33 N. Calhoun St., behind Brentmoor.

• Assessed value: $1.12 million total for county tax purposes. Property is tax-exempt.

• Appraised value: $1.17 million for the visitor center and historic Brentmoor in January 2017.

• Estimated market value: $595,000 for Brentmoor in May 2017; with bathroom and other improvements, possibly $750,000.
By .(JavaScript must be enabled to view this email address)
Staff Journalist
The Italianate home where the defunct John S. Mosby Museum operated in Warrenton could sell for up to $750,000 — with the addition of bathrooms and a kitchen, according to a local real estate broker’s assessment.

Without improvements, Allen Real Estate owner Joseph K. Allen Jr. estimated Brentmoor could sell for $595,000, “once the house was touched up and the museum equipment removed.”

The town in 1999 bought the Main Street home for conversion to a museum for $460,000. The museum group restored Brentmoor to 19th century conditions, removing a kitchen addition and bathrooms, while upgrading the electrical system and installing geothermal heating and cooling.

But, the museum opened only briefly a few years ago.

Over the last couple of years, town officials have struggled with the vacant building’s fate. Some council members want to sell it; some want to give a Civil War museum another chance under new management.

The council asked Mr. Allen, who specializes in large and historic properties, to assess its marketability and value. Town Attorney Whit Robinson shared the report with the council at its work session last Thursday.

> Letter at bottom of story

Mr. Allen estimates two new bathrooms, a kitchen and other improvements to the house would cost $150,000. The improved house could sell for up to $750,000, he said.

“Substantial stabilization will be necessary in the basement, based on what appears to be deteriorating interior walls,” Mr. Allen wrote.

He suggested including the side yard and boxwood allée behind house if it goes on the market. That would require subdividing Brentmoor from the adjacent visitor center, built in 2006.

Mr. Allen believes a driveway off Main Street could be installed to the right of the house.

“There’s not a lot of land there, but certainly enough for a pleasant driveway,” Mr. Allen said in an interview Monday.

He provided the assessment at no cost to the town.

The council Thursday also received a draft agreement from the “Brentmoor Trust,” which would form a nonprofit organization to manage the house as a history/cultural center. The organization would pay no rent for Brentmoor or use of the visitor center.

Former Town Councilman Birge Watkins, who also volunteered on the previous Mosby museum board, co-chairs the proposed Brentmoor Trust with Robert Dyer.

> Proposal at bottom of story

Central Virginia Appraisal Service of Henrico County in January estimated the house’s “as is market value” at $574,000 — slightly less than Mr. Allen’s projection.

The council at its monthly meeting Tuesday night, June 13, will continue to discuss Brentmoor’s future.

Brentmoor letter Allen Real Estate by Fauquier Now on Scribd

Brentmoor Trust Co-Stewardship Agreement Draft by Fauquier Now on Scribd

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Rover 530 · June 16, 2017 at 3:41 pm
Sell it and walk away. Peace.
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