real estate

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!

Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes. 

As of January 16, there are 116 detached homes, 25 townhouses and 140 condos for sale throughout Arlington County. In total, 26 homes experienced a price reduction in the past week, including:

5837 15th Street N.

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.

JUST IN: Residential property assessment rise continues but decelerates

By ARLnow.com
Real estate for sale sign in the Arlington Heights neighborhood (staff photo by Jay Westcott)

The U.S. real estate market is facing significant headwinds, but Arlington property assessments are continuing their march upward.

Arlington County announced today that overall assessments of residential and commercial properties rose 3.6% for 2023, compared to 3.5% for 2022. Residential values are up 4.5% while commercial values are up 2.6%.

“The increase in property values continues to show that Arlington remains a place people want to live and work,” County Manager Mark Schwartz said in a statement. “And it’s the revenue generated from these real estate taxes that help to fund the County’s high-quality services and public services for residents, visitors, businesses and workers.”

The average single-family home in Arlington is now assessed at $798,500, compared to $762,700 last year. The rise comes despite the local real estate market experiencing many of the challenges also seen in the national market, precipitated by rising interest rates.

The rate of property value increase, however, has slowed compared to the previous two years. Residential values were up 5.8% in 2022 and 5.6% in 2021. In 2020, residential values rose 4.3% and were outpaced by a 4.9% rise in commercial values, prior to the pandemic causing the office vacancy rate to spike and values to in turn go down.

Arlington has for years relied on a balanced residential and commercial tax base, which allows it to grow its budget and embark on large projects while keeping real estate tax rates at levels slightly below many of its Northern Virginia neighbors.

The weakness in office assessments, while offset by rises in other commercial property like hotels and apartment buildings — and bolstered by new construction — is a contributing factor what is currently projected to be a nearly $35 million budget gap.

Arlington County Manager Mark Schwartz is scheduled to present his proposed FY 2023-2024 budget to the County Board next month.

Local homeowners, meanwhile, will be able to view their new assessments online after 11 p.m. tonight (Friday), the county said. There is an appeal process for those who disagree with their assessments.

More on the newly-released assessments, below, from the county press release.

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Most and least expensive condos sold in Arlington (Dec-Jan 2023)

By ARLnow.com

This past week saw 19 homes sold in Arlington.

The least expensive condo, single-family home or townhouse sale over the past seven days was $335,000 while the most expensive was $1,630,000.

Over the past month, meanwhile, a total of 70 condos were sold. Let’s take a look at some of the most and least expensive condos sold over the past month.

Most expensive condos sold

  1. 1781 N Pierce Street #803 — $2,115,000 (2 Beds | 2.5 Baths | 2,382 SQ FT)
  2. 1600 Clarendon Boulevard #W312 — $1,240,000 (2 Beds | 2 Baths | 2,038 SQ FT)
  3. 901 N Monroe Street #PH07 — $1,100,000 (2 Beds | 2.5 Baths | 1,720 SQ FT )
  4. 1328 S Rolfe Street — $899,900 (3 Beds | 2.5 Baths | 2,616 SQ FT)
  5. 1005 N Daniel Street #A — $810,000 (3 Beds | 3.5 Baths | 1,764 SQ FT)

Least expensive condos sold

  1. 1011 Arlington Boulevard #527 — $140,000 (Studio | 1 Bath | 401 SQ FT)
  2. 4600 S Four Mile Run Drive #323 — $157,000 (Studio | 1 Bath | 668 SQ FT)
  3. 5101 8th Road S #103 — $179,000 (1 Bed | 1 Bath | 781 SQ FT)

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!

Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes. 

As of January 9, there are 113 detached homes, 23 townhouses and 138 condos for sale throughout Arlington County. In total, 26 homes experienced a price reduction in the past week, including:

2005 N. Hancock Street

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.

Listing of the Day: 1520 N. Randolph Street (Arlington)

By ARLnow.com Sponsor

Address: 1520 N. Randolph Street
Neighborhood: Cherrydale
Type: 6 BR, 6 BA single-family detached — 5364 sq. ft.
Listed: $2,500,000

Noteworthy: Coming Soon! New, Custom-Quality Modern Tudor in Cherrydale

Amazing opportunity to own a custom-quality Modern Tudor in Arlington’s sought-after Cherrydale neighborhood!

With 5,000 sq. ft. on four finished floors, sitting on a .28-acre lot, this 6 BR/6 BA home with a thoughtfully-designed layout and high-quality finishes checks all the boxes. Incredible details include 8″ wide engineered hardwood flooring on the main and upper levels, main level guest suite/office with full bath, informal dining area, oversized mudroom with washer/dryer, additional upper level laundry, dual spacious walk-in closets in the Owners Suite, and solid core interior doors.

The gourmet kitchen features Subzero and Wolf appliances, 42″ designer cabinetry, 2 dishwashers, an under-counter beverage center, and an oversized pantry with wood shelving.
The bonus 4th level loft offers an en-suite bedroom and additional common area, ideal for guests desiring additional privacy. The lower level includes a spacious recreation room with a wet bar, an additional bedroom with a full bathroom, and oversized storage.

Throughout the home, the abundance of windows integrates beautifully with the exterior living space which features a screened porch with gas fireplace and covered rear porch, overlooking professional landscaping. And finally, the low-maintenance exterior features Hardiplank and brick siding, gorgeous oversized Marvin windows, Energy Star exterior doors, and a 2-car attached garage. All that is left is for you to choose where you’ll find a cozy spot to enjoy lazy summer afternoons and crisp fall evenings.

The Cherrydale community in Arlington is just blocks from Lee Heights Shopping Center, Ballston, Virginia Square, and Clarendon, less than a mile from 3 Orange Line Metro stops with access to trails and bike paths, fantastic restaurants and shopping, and just a few lights from 66 and other major commuter routes.

Listed by:
Steve Wydler — Wydler Brothers of Compass
[email protected]
(703) 348-6326

Most and least expensive homes sold in Arlington (Dec-Jan 2023)

By ARLnow.com

This past week saw 23 homes sold in Arlington.

The least expensive condo, single-family home or townhouse sale over the past seven days was $260,000 while the most expensive was $2,349,000.

Over the past month, meanwhile, a total of 41 single-family homes were sold. Let’s take a look at some of the most and least expensive homes sold over the past month.

Most expensive homes sold

  1. 3577 N Powhatan Street — $2,882,580 (5 Beds | 5.5 Baths | 6,698 SQ FT)
  2. 31 N Jackson Street — $2,830,000 (5 Beds | 4.5 Baths | 6,325 SQ FT)
  3. 1718 N Wayne Street — $2,800,000 (7 Beds | 6 Baths | 5,699 SQ FT)
  4. 3433 N Edison Street — $2,425,000 (6 Beds | 6.5 Baths | 5,984 SQ FT)
  5. 4044 Vacation Lane — $2,349,000 (5 Beds | Baths | 4,422 SQ FT)

Least expensive homes sold

  1. 5205 11th Street S — $475,000 (2 Beds | 1 Bath | 950 SQ FT)
  2. 2028 S Quincy Street — $500,000 (2 Beds | 1 Bath | 1,072 SQ FT)
  3. 500 S Kensington Street — $595,000 (3 Beds | 1.5 Baths | 1,700 SQ FT)

According to Homesnap, there have been 74 new listings and 137 new sales in the last 4 weeks.

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!

Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes. 

As of January 2, there are 102 detached homes, 21 townhouses and 130 condos for sale throughout Arlington County. In total, 8 homes experienced a price reduction in the past week, including:

5325 16th Road N.

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.

Smallest and largest homes sold in Arlington (Nov-Dec 2022)

By ARLnow.com

This past week saw 14 homes sold in Arlington.

The least expensive condo, single-family home or townhouse sale over the past seven days was $215,000 while the most expensive was $1,900,000.

Over the past month, meanwhile, a total of 134 homes were sold. Let’s take a look at some of the smallest and largest homes sold over the past month.

Largest homes sold

  1. 3577 N Powhatan Street — $2,882,580 (5 Beds | 5.5 Baths | 6,698 SQ FT)
  2. 31 N Jackson Street — $2,830,000 (5 Beds | 4.5 Baths | 6,325 SQ FT)
  3. 3433 N Edison Street — $2,425,000 (6 Beds | 6.5 Baths | 5,984 SQ FT)

Smallest homes sold

  1. 1011 Arlington Boulevard #527 — $140,000 (Studio | 1 Bath | 401 SQ FT)
  2. 4501 Arlington Boulevard #430 — $204,000 (1 Bed | 1 Bath | 533 SQ FT)
  3. 851 N Glebe Road #612 — $345,000 (Studio | 1 Bath | 550 SQ FT)

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!

Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes. 

As of December 26, there are 108 detached homes, 29 townhouses and 141 condos for sale throughout Arlington County. In total, 6 homes experienced a price reduction in the past week, including:

1005 S. Queen Street

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.

Most and least expensive townhouses sold in Arlington (Nov-Dec 2022)

By ARLnow.com

This past week saw 29 homes sold in Arlington.

The least expensive condo, single-family home or townhouse sale over the past seven days was $140,000 while the most expensive was $2,800,000.

Over the past month, meanwhile, a total of 11 townhouses were sold. Let’s take a look at some of the most and least expensive townhouses sold over the past month.

Most expensive townhouses sold

  1. 734 N Wakefield Street — $1,570,000 (5 Beds | 4.5 Baths | 4,398 SQ FT)
  2. 1170 N Utah Street — $995,000 (4 Beds | 3.5 Baths | 2,375 SQ FT)
  3. 1014 N Cleveland Street — $969,000 (4 Beds | 3.5 Baths | 2,160 SQ FT)

Least expensive townhouses sold

  1. 2619 S Troy Street — $574,900 (2 Beds | 2 Baths | 1,737 SQ FT)
  2. 2631 S Uhle Street — $621,000 (3 Beds | 2 Baths | 1,512 SQ FT)
  3. 5832 Washington Boulevard — $625,000 (2 Beds | 2 Baths | 850 SQ FT)

“There are currently 383 homes for sale, of those homes 217 are condos, 138 are detached homes, and 28 are townhomes,” according to Homesnap. “The median sales price is $630,000 and the median list price is $749,875.”

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!

Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes. 

As of December 19, there are 111 detached homes, 32 townhouses and 154 condos for sale throughout Arlington County. In total, 12 homes experienced a price reduction in the past week, including:

1146 N. Vernon Street

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.

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