Address:1020 19th Street S. Neighborhood: Addison Heights Type: 5 BR, 4 (+1 half) BA single-family detached — 4113 sq. ft. Listed: $1,994,000
Noteworthy: New Construction Lily Model with 2 Car Garage & Open Concept Living & Dining
Beautiful new Lily Model in Addison Heights by local Arlington home builder Classic Cottages — 5 Bedrooms, 4.5 bathrooms, 4,113 finished sq. ft., and 2 car attached garage!
This open concept, transitional home features a spacious main level with a home office, powder room, living area with gas fireplace, breakfast nook, gourmet kitchen, walk-in pantry, mud room with built-in cubbies, and attached 2 car garage. A gorgeous stairwell takes you to the second level which boasts a large primary suite with two walk-in closets, open linen shelving, dual vanities, and spa shower. Three secondary bedrooms are conveniently located on this second level as well as a spacious laundry room with sink and washer/dryer hookups.
On the lower level, you’ll find a large entertainment room, storage closets, and a bedroom with full bath.
This home checks all the boxes. Your new home search is not complete without a visit to this gorgeous brand new home in the heart of Addison Heights!
The least expensive condo, single-family home or townhouse sale over the past seven days was $202,000 while the most expensive was $2,415,489.
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.
Il Radicchio between Rosslyn and Courthouse (staff photo)
Rhodeside Grill between Rosslyn and Courthouse (staff photo)
The alley between Rhodeside Grill and the National Science Teachers Association building (staff photo)
The National Science Teachers Association building (staff photo)
The National Science Teachers Association building (staff photo)
Massing for a proposed apartment building (via Arlington County)
Massing for a proposed apartment building (via Arlington County)
A property between Rosslyn and Courthouse that is home to an office building and two long-time restaurants has been sold to a developer with plans to build apartments and retail.
D.C.-based The Fortis Cos. bought the property at the intersection of Wilson Blvd and N. Rhodes Street for $14 million.
The site includes a four-story, 48,000-square-foot office building (1840 Wilson Blvd) and the restaurants Il Radicchio and Rhodeside Grill. The office building was the headquarters for the property’s previous owner, the nonprofit National Science Teaching Association (NSTA).
“This is a very familiar and highly visible property within the County and along the Rosslyn-Ballston corridor, and FORTIS is excited work on a new vision for the site, which will likely be mixed-use multifamily residential over ground floor retail,” Fortis Vice President Matt Bunch tells ARLnow.
In a press release announcing the sale, real estate company CBRE — which represented the nonprofit in the transaction — called the property “one of the last commercial development sites in the Rosslyn-Ballston corridor in Arlington.”
Its development potential and quarter-mile distance from the Courthouse Metro Station generated “a high level of interest from prospective buyers,” CBRE Senior Vice President Dean Stiles said in a statement. “We are confident that it will be a valuable asset for Fortis.”
Arlington County has identified this site for mixed-use redevelopment, and Fortis intends to build a seven-story, 85-foot-tall apartment building.
Bunch says that plans for the site are still tentative and there’s no timeline to share — yet.
“We are in the very early stages of exploring design alternatives for the property, but we look forward to working with the County and community this year as we pursue new redevelopment ideas for the block,” Bunch said. “As of the moment, we don’t have a timeline to share but we do intend to seek an extension of the prior site plan this year.”
Last year, Fortis submitted a conceptual site plan outlining its intentions and seeking county feedback on how high it can build. The application laid out plans to file an amendment in the first quarter of 2023 seeking an extension of the site plan until 2026.
This July, an existing site plan that is nearly 20 years old and has been extended several times will expire.
In November of 2005, the Arlington County Board originally approved a site plan that would have retained the NSTA building, demolished the restaurants and replaced them with a new, six-story office building with nearly 62,000 square feet of office space and 10,000 square feet of ground-floor retail and restaurant space.
In 2008, it granted an extension until 2011 and it was automatically extended until July 2020 by a state statute enacted in the wake of the Great Recession. The County Board subsequently granted extension until July 1, 2023.
This would be the second current project in Arlington for Fortis, which has also reprised long-dormant plans to turn a single-family detached home off of Route 50 near Courthouse into an apartment building.
“[It] is consistent with our strategy to create well-located and walkable transit-oriented redevelopments,” Bunch said. “It is also a testament to what we believe are strong economic fundamentals and demand drivers in the County that will continue for the foreseeable future.”
NSTA said via press release that it was time to let go of its physical presence in D.C. because the pandemic proved the organization could function well remotely.
“The organization was able to continue to function at a high level throughout the pandemic, while staff worked remotely and NSTA members were able to take part in many excellent virtual meetings and professional programs,” said NSTA Executive Director Erika Shugart, Ph.D. “After a long and thorough process and careful consideration, our board of directors decided to sell the property.”
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:
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.
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.
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.
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:
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.
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.
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.
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:
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.
