Fee for Service

Our commitment to The Summit residents starts during the search process. That’s why we share our Fee Schedule with you upfront. As a fee-for-service organization, you only pay for what you need when you need it.

Cost is an important part of your decision for senior living — and so is the culture of the community you choose. At The Summit, we want to set the expectation for how we will work with you and your family.

We are a community of real people who care about real people. We encourage feedback, because without it we can’t do the best job for residents and their families. If you have any questions, please feel free to call us at 434-582-1500.

Entrance Fees and Monthly Costs

The one-time entrance fee and monthly costs vary depending on the type of residence, number of occupants, and the entrance fee refund option selected.

2022 Fee Schedule

Independent Living – Declining Refund Entrance Fee

Your entrance fee is refundable to you or your estate on a declining basis over a 50-month period, less a 4% administrative charge. A standard declining refund is amortized at a rate of 2% per month for the first 50 months of occupancy.

After 50 months, there is no refund on the entrance fee remaining. However, with the payment of the ongoing monthly service fee, you’ll continue to receive all the rights and benefits of residency.

Model Sq.Ft./Unit Single Monthly Fee Couples Monthly Fee Declining Entrance Fee
Chesapeake 1,362 $3,165 $4,058 $231,000
Cumberland 1,325 $3,165 $4,058 $214,000
Blue Ridge 1,543 $3,240 $4,133 $257,000
Shenandoah 1,634 $3,391 $4,284 $280,000
Appalachian 1,802 $3,629 $4,522 $318,000
Piedmont 2,185 $3,742 $4,635 $344,000
Buena Vista 2,259 $3,914 $4,807 $389,000

Second Person Entrance Fee: $7,800

Apartments Sq.Ft./Unit Single Monthly Fee Couples Monthly Fee Declining Entrance Fee
Poplar 732 $2,569 $3,462 $114,000
James 925 $2,705 $3,598 $168,000
Birch 933 $2,825 $3,718 $167,000
Peaks of Otter 1,081 $2,893 $3,786 $218,000
Magnolia 1,124 $3,102 $3,995 $227,000
Chestnut 1,273 $3,146 $4,039 $241,000
Skyline 1,418 $3,236 $4,129 $266,000

Second Person Entrance Fee: $7,800

West-Facing Premium View: $5,000

  • Meals in a community dining room
  • Full access to all community areas
  • Twice-monthly housekeeping and laundry service
  • Interior maintenance, including appliances
  • Exterior and yard maintenance
  • All utilities, except telephone and cable TV
  • WiFi
  • Cultural, recreational, educational, and social events
  • Scheduled transportation
  • Health and wellness programs
  • 24-Hour emergency call and response
  • Security staff
  • Wellness Clinic
  • Convenient on-site services and amenities
  • Parking

Independent Living – 90% Refund Entrance Fee

Your entrance fee is refundable to you or your estate less a 4% administrative charge and deduction of 1% per month for the first 10 months of residency. The refund is never less than 90% of the original entrance fee paid upon occupancy less the 4% administration fee.

Model Sq.Ft./Unit Single Monthly Fee Couples Monthly Fee 90% Entrance Fee
Chesapeake 1,362 $3,165 $4,058 $426,000
Cumberland 1,325 $3,165 $4,058 $396,000
Blue Ridge 1,590 $3,240 $4,133 $475,000
Shenandoah 1,634 $3,391 $4,284 $518,000
Appalachian 1,802 $3,629 $4,522 $588,000
Piedmont 2,185 $3,742 $4,635 $636,000
Buena Vista 2,259 $3,914 $4,807 $718,000

Second Person Entrance Fee: $7,800</sub

Model Sq.Ft./Unit Single Monthly Fee Couples Monthly Fee 90% Entrance Fee
Poplar 732 $2,569 $3,462 $211,000
James 925 $2,705 $3,598 $311,000
Birch 933 $2,825 $3,718 $308,000
Peaks of Otter 1,081 $2,893 $3,786 $404,000
Magnolia 1,124 $3,102 $3,995 $420,000
Chestnut 1,273 $3,146 $4,039 $446,000
Skyline 1,418 $3,236 $4,129 $492,000

Second Person Entrance Fee: $7,800

West-Facing Premium View: $5,000

  • Meals in a community dining room
  • Full access to all community areas
  • Twice-monthly housekeeping and laundry service
  • Interior maintenance, including appliances
  • Exterior and yard maintenance
  • All utilities, except telephone and cable TV
  • WiFi
  • Cultural, recreational, educational, and social events
  • Scheduled transportation
  • Health and wellness programs
  • 24-Hour emergency call and response
  • Security staff
  • Nurse Clinic
  • Convenient on-site services and amenities
  • Parking

Assisted Living

Model Sq. Ft. / Unit Daily 30-Day Month
1 Bedroom Apartment 495  $174 $4,950
Studio Apartment 325  $147 $4,200
Furnished Respite Studio  325  $179 $5,550

Second person: $112 per day

  • Restaurant-style dining with three meals a day
  • Housekeeping services
  • All utilities and cable TV, except telephone
  • Daily therapeutic and social activities
  • Educational and wellness programs
  • Spiritual life programs
  • On-site beauty and barber services, manicures and pedicures
  • Medication management
  • Emergency medical alert system
  • Transportation to physician’s appointments
  • Short-term respite care
  • 24-hour assistance to support residents’ needs
  • Laundry – $30 per month
  • Pendant – $25 per month