Richfield Lake Estates

Welcome to The Lake Estate Cottages located on the Richfield Retirement Community Campus in Salem, Virginia.

Where would you like to start your tour?

See this month's Calendar of Activities for The Lake Estate Cottages!

 

2 Bedroom Floor Plan

 

3 Bedroom Floor Plan

 

Features


Your Cottage Includes:

  • Wall to wall carpet
  • Mini-Blinds
  • Pre-wired telephone outlets
  • Smoke detectors
  • Safety grab bars in bathrooms
  • Frost-free refrigerator
  • Electric range
  • Dishwasher
  • Microwave
  • Garbage disposal
  • Washer and dryer

 

Fees for the Lake Estate Cottages

Monthly fees include:

  • Electricity, water, sewer, gas, garbage removal, exterminating services and basic cable television
  • Campus security twenty-four hours a day
  • Complimentary transportation to shopping centers, banks, physician appointments, recreational outings
  • Wellness nurse
  • Building and lawn maintenance

Recreational facilities:

  • Beautifully landscaped grounds
  • Personal garden areas
  • Fishing in two lakes
  • Shenandoah Room for entertaining
  • Activity Room with pool table & exercise area
  • Library with internet access

Services available for an additional charge:

  • Beauty/Barber Salon services
  • Home delivered meals
  • Personal housekeeping
  • Guest Apartment accommodations
  • Access to a full continuum of health care services, without leaving the Richfield campus

Two Leasing Options Available:

  • Life-Lease
    Pay a one time life-lease fee, a $150 processing fee (non-refundable) then a monthly service fee*. The Life Lease Agreement requires a sixty (60) day written notice to vacate and is refundable to the resident or their estate on a declining basis. A contract withdraw within the first two years of residency results in a 75% refund then the refund is reduced at the rate of 10% per year of residency. After nine years of residency, there is no refund.
  • Rental
    One (1) year lease with an automatic renewal clause, unless a sixty (60) day written notice to vacate is received. We collect a security deposit which is equal to one (1) month’s rent; and a $150.00 processing fee which is non-refundable.

A Reservation Fee of $1,650 will reserve a cottage for two months. Refund of Reservation Fee based on the following options:

1. Occupancy within 30 days, 100% of Reservation Fee refunded;
2. Occupancy between 31-60 days, 60% of Reservation Fee refunded;
3. Reservation Fee will be non-refundable if approved applicant does not take occupancy of a unit within 60 days.

 

Unit Type Life Lease Fee * w/ Monthly Service Fee - or - Monthly Rental
2BR 2B with Screened Porch or Enclosed Sunroom

1,223 sq.ft. - 1,598 sq.ft.

 $124,242 - $162,338 $667 - $871  

$1,653 -

$2,159
3BR 2B with Screened Porch or Enclosed Sunroom

1,592 sq.ft . - 1,936 sq.ft.

 $161,728 - $196,675 $868 - $1055   $2,151 - $2,616

*Fees subject to change
04/08

 

Did we leave anything out? Would you like to ask us a question, or perhaps schedule a tour?

Feel free to contact us either by email or by calling us toll free at 1-888-745-8008.

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