Start planning your retirement now
Our commitment to The Summit residents in Lynchburg, VA, 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 434-333-2138.
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.
2024 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 | $3,572 | $4,580 | $258,000 |
| Cumberland | 1,325 | $3,572 | $4,580 | $239,000 |
| Blue Ridge | 1,590 | $3,656 | $4,664 | $286,000 |
| Shenandoah | 1,634 | $3,827 | $4,835 | $312,000 |
| Appalachian | 1,849 | $4,095 | $5,103 | $355,000 |
| Piedmont | 2,000 | $4,222 | $5,230 | $384,000 |
| Buena Vista | 2,259 | $4,417 | $5,425 | $434,000 |
Second Person Entrance Fee: $10,000
| Apartments | Sq.Ft./Unit | Single Monthly Fee | Couples Monthly Fee | Declining Entrance Fee |
| Poplar | 732 | $2,899 | $3,907 | $122,000 |
| James | 925 | $3,053 | $4,061 | $174,000 |
| Birch | 933 | $3,187 | $4,195 | $182,000 |
| Peaks of Otter | 1,081 | $3,265 | $4,273 | $236,000 |
| Magnolia | 1,124 | $3,501 | $4,509 | $247,000 |
| Chestnut | 1,273 | $3,550 | $4,558 | $262,000 |
| Skyline | 1,418 | $3,651 | $4,659 | $269,000 |
Second Person Entrance Fee: $10,000
West-Facing Premium View: $10,000
- 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 | $3,572 | $4,580 | $466,000 |
| Cumberland | 1,325 | $3,572 | $4,580 | $433,000 |
| Blue Ridge | 1,590 | $3,656 | $4,664 | $519,000 |
| Shenandoah | 1,634 | $3,827 | $4,835 | $566,000 |
| Appalachian | 1,849 | $4,095 | $5,103 | $643,000 |
| Piedmont | 2,000 | $4,222 | $5,230 | $695,000 |
| Buena Vista | 2,259 | $4,417 | $5,425 | $785,000 |
Second Person Entrance Fee: $10,000
|
Apartments |
Sq.Ft./Unit | Single Monthly Fee | Couples Monthly Fee |
90% Entrance Fee |
| Poplar | 732 | $2,899 | $3,907 | $225,000 |
| James | 925 | $3,053 | $4,061 | $321,000 |
| Birch | 933 | $3,187 | $4,195 | $334,000 |
| Peaks of Otter | 1,081 | $3,265 | $4,273 | $438,000 |
| Magnolia | 1,124 | $3,501 | $4,509 | $455,000 |
| Chestnut | 1,273 | $3,550 | $4,558 | $484,000 |
| Skyline | 1,418 | $3,651 | $4,659 | $497,000 |
Second Person Entrance Fee: $10,000
West-Facing Premium View: $10,000
- 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 | $200 | $6,000 |
| Studio Apartment | 325 | $169 | $5,070 |
| Furnished Respite Studio | 325 | $206 | $6,180 |
Second person: $137 per day /$4110 30-day month
- Direct TV Service
- Wi-Fi
- Three Meals a Day, Plus Snacks
- Social Activities and Events
- Personal Call System
- Personal Pendant
- Weekly Housekeeping
- Medication Management
- Transportation
- Laundry – $60 per month
- Salon Services: Fee for Service
- Guest Meals: Varies
- Room Service: $7