real estate

Listing of the Day: 5120 3rd Street N.

By ARLnow.com Sponsor
1/10

Address: 5120 3rd Street N.
Neighborhood: Arlington Forest
Listed: $850,000
Open: Sunday, July 19 from 1-4 p.m.

You will love this quiet cul-de-sac location on a beautiful corner lot, off the normal traffic path, in Arlington Forest!

Enter through a main level family room addition with full bath + custom built-ins off living room & kitchen. You can also access the deck from here. A bright sunroom off the dining room features skylights, a vaulted ceiling and a sliding door that accesses the large wood deck. The updated kitchen features granite counters and stainless-steel appliances and it opens to the dining room & family room.

Upstairs are 3 bedrooms + renovated bath. The lower level features a rec room and utility/laundry room. It is sited on a beautiful treed lot with fenced-in rear yard (perfect for kids and pets). The sloped backyard is great for sledding. The front yard is great for picnics, reading a book, slip-n-slide and sprinklers. A fun deck has hosted many dinners.

One mile to Ballston Metro and Ballston Quarter with numerous restaurants and shopping. Right around the corner is easy access to Lubber Run park with an amphitheater hosting free outdoor concerts. Convenient to D.C. and Pentagon via Rt. 50.

Listed by:
Casey O’Neal
Compass
703-217-9090
[email protected]
www.caseyoneal.com

Open Houses in Arlington This Weekend

By ARLnow.com Sponsor

Looking for a home? There are plenty of houses and condos open for viewing this weekend.

Check out the Arlington Realty website for a full list of homes for sale and open houses in Arlington. Here are a few highlights:

3542 N. Dickerson Street
5 BD/5 BA, 1 half bath single-family home
Agent: McEnearney Associates, Inc.
Listed: $1,965,000
Open: Virtual Tour

 

1610 N. Queen Street #251
2 BD/2 BA, 1 half bath condo
Agent: Kw Metro Center
Listed: $1,499,000
Open: Saturday 2-4 p.m.

 

879 N. Harrison Street
4 BD/4 BA single-family home
Agent: Re/Max Realty Group
Listed: $1,100,000
Open: Sunday 1-3:30 p.m.

 

4730 24th Street N.
4 BD/3 BA, 1 half bath villa/townhouse
Agent: Re/Max Allegiance
Listed: $985,000
Open: Sunday 2-4 p.m.

 

5120 3rd Street N.
3 BD/2 BA single-family home
Agent: Compass
Listed: $850,000
Open: Sunday 1-4 p.m.

 

3409 Wilson Boulevard #610
2 BD/2 BA condo
Agent: Optime Realty
Listed: $699,900
Open: Sunday 2-4 p.m.

 

103 N. George Mason Drive #130-2
3 BD/2 BA condo
Agent: Kw Metro Center
Listed: $554,990
Open: Sunday 2-4 p.m.

Just Listed in Arlington

By ARLnow.com Sponsor

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.

Huge news this week in the lending industry — mortgage rates dropped again to another fresh new historical low, the seventh time this year.

The national average for a 30-year fixed is now below 3% for the first time ever. If you didn’t refinance earlier this year to get a great new mortgage in the low 3’s, your procrastination will have paid off — now you can get one that starts with a 2! And the 15-year is below 2.5%.

My recommendation — call Jawad Hamandi (703) 587-6059 of Intercoastal Mortgage today to talk about refinancing. The Andors Real Estate Group has been working with Jawad for 22 years and he has handled our personal mortgages as well as countless mortgages for our clients. We know you’ll enjoy working with him and also enjoy the savings a refinance can provide!

It was a ridiculously busy week in Arlington as our housing market continues to rock. Optimism about an economic recovery coupled with our historic insulation and resistance to economic downturns in Arlington have led to a bullish market that shows ample resilience.

Sellers listed some 123 properties for sale this week while buyers ratified 71 contracts, 48 of which were on properties listed since just last week. These numbers are absolutely crazy for Arlington, especially in July! With that many new properties in one week, even while buyers are ratifying over 70 properties, we’re still going to see inventory continue to build.

There are currently 340 homes for sale in Arlington, 31 more than last week. 133 are detached homes, 31 are townhouses/semi-detached and 176 are condos. Average days on market (DOM) is 47 and median DOM is 26.

The median list price of currently available properties is $849,975, while the average is $1,025,777 (both about $50k less than last week). Median price has stayed below $1M for a month now, and this is the lowest average price for active properties since I started tracking it months ago.

Last year for the same week, sellers listed 49 homes and buyers ratified 32 contracts

Click here to search currently available Arlington real estate. Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight homes that are new this week that I think you might like to check out.

Listing of the Day: 3818 Randolph Court

By ARLnow.com Sponsor
1/9

Address: 3818 Randolph Court
Neighborhood: Chain Bridge Terrace
Listed: $1,750,000
Open: Sunday, July 19 from 1-4 p.m.

An elevator extends to each floor of this all brick end townhouse with a 5,000 square foot lot featuring a flagstone patio, burbling fountain, hot tub and extensive gardening areas.

With five bedroom, five baths, two powder rooms and a two car garage, the home accommodates multiple uses. A lower level in-law suite has French doors opening directly to the patio, kitchenette, bedroom, bathroom and living area. The principal suite has a large bedroom, office with built in bookcases and gas fireplace, and a bathroom offering separate vanities, soaking tub and spa style shower. Each of the bedrooms has a private bathroom, and one bedroom has built in office cabinetry for use as another office.

The traditional living room and dining room flow into the family room with a fireplace and French doors to a deck overlooking the patio. The kitchen features Viking appliances, a center island, abundant cabinets and stone and granite countertops. A breakfast area is nicely nestled beneath windows with pleasant open views.

Located at the end of a tree-line cul-de-sac with just seven other townhouses, the home provides privacy, space and style. It is located near Fort Ethan Allen Park with a playground, dog area and acres of beautiful grounds to explore. Easy commute to Washington via nearby Chain Bridge or to Tysons by way of Route 123. The home is in the Jamestown, Williamsburg, Yorktown school district.

A spacious home with many fine appointments and in an enviable location.

Listed by:
Betsy Twigg
McEnearney Associates
703-967-4391
[email protected]
betsytwigg.com

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.

We have a yummy week ahead of us.

Today is National Hot Dog Day. Saturday is National Caviar Day. Sunday is National Ice Cream Day. And, as icing on this delicious week’s cake, Tuesday, July 21 is National Junk Food Day. By this point in quarantine/lockdown/the COVID madness, perhaps you are tired of the same ole crock-pot meal you’ve been churning out for months.

With so many fun culinary days ahead, it’s a perfect reminder to support our local restaurants when and where you can. They need us, now more than ever, to survive and there are safe ways to enjoy your favorite treats.

With many long-time local residents/natives on our staff, we know our restaurants are certainly a big part of what makes Arlington such a special place to call home.

And, when you’re ready to look for (or sell) your home, the team at Arlington Realty, Inc. is here for you through thick and thin. Now on to this week’s Just Reduced figures.

As of July 13, there are 171 detached homes, 39 townhouses and 181 condos for sale throughout Arlington County. In total, 23 homes experienced a price reduction in the past week:

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.

Ask Eli: New Construction Tips and Learning Opportunity

By ARLnow.com Sponsor

This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: What recommendations do you have for somebody just beginning to consider building a home?

Answer: If you’re considering building a home and looking for a great educational opportunity, I’d like to invite you to a walk-through with the builder of a home that’s currently under construction (3196 N. Pollard Street). The builder, James McMullin, is a 3rd generation Arlington home builder. At the end of July, he’s offering two educational walk-throughs for small groups during the framing stage of construction to provide a peek behind the walls.

If you’re interested in attending, please email me at [email protected] (I promise you won’t get spammed with marketing!).

I sat down with James McMullin to outline the key phases of building a new home from acquisition through post-completion, along with some helpful tips at each stage.

Lot Acquisition

  • You can do this yourself or through a builder. A key competitive advantage for builders is a pipeline of quality lots.
  • If you acquire your own lot and find yourself in competition, it’s important to understand what type of offer terms you’re up against. Builders frequently offer existing homeowners months of free rent-back.
  • If you acquire a lot, make sure you establish a relationship with a builder before making an offer so they can provide necessary feedback on the feasibility of building the home you want either before making an offer or after (Study/Feasibility Study).
  • There are special loan programs available if you plan on acquiring your own lot. Troy Toureau ([email protected]) of McLean Mortgage is an excellent resource for construction loans.
  • Cost: Lots in Arlington are currently selling from $500,000 for less desirable lots/locations to well over $1,000,000.

Planning/Design

  • Designing the floor plan and elevations (exterior design) can be fun for some, but it’s easy for people to let this process drag on for months if they’re indecisive or unprepared.
  • Having a great architect who understands your vision and current home design trends is critical.
  • Full custom vs semi-custom: A fully custom home is designed from scratch to suit your tastes and will take much longer and cost much more in design fees. A semi-custom home uses a pre-designed floor plan and elevation template and you make small adjustments to suit your taste.
  • Cost: Semi-custom homes often range from zero design cost to a few thousand dollars, while fully custom homes usually cost tens of thousands in design fees.

Permitting

  • In Arlington, you will submit plans for County review/approval including demolition, building (architectural) and civil (engineering) before any work can begin.
  • It usually takes four months for permits to be approved by the County, assuming everything is submitted correctly.
  • Cost: Permit fees vary based on a number of factors but will generally be $25,000 + for new construction.

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Listing of the Day: 5711 15th Street N.

By ARLnow.com Sponsor
1/10

Address: 5711 15th Street N.
Neighborhood: Westover
Listed: $875,000
Open: Sunday, July 12 from 1-4 p.m.

Light fills the inviting space of this updated pre-war Colonial just a few blocks to Westover Village. The renovated kitchen opens to the dining area and features crisp white cabinets, marble countertops, backsplash and breakfast bar. An atrium door opens to the driveway, making it convenient to bring groceries directly into the home.

Just off the kitchen is a den with doors leading to the patio and level, fenced, rear yard. Mature trees, shrubs and perennials ensure shady spots for play, gardening, sports and outdoor dining. Woodburning fireplace in the living room, refinished wood floors on two levels and fresh paint throughout enhance the home’s appeal. Upstairs, there are three bedrooms, and the second bedroom has wainscoting detailing. The renovated hall bathroom completes this level.

In the lower level, there are built-ins in the large rec room, and a den with door to the side yard. The renovated bathroom on this level allows the area to be used for a private guest space.

Enjoy Westover Village’s shops, restaurants, library, the legendary Ayer’s Hardware Store, Sunday’s farmer’s market, easy access to the bike path, and four parks. McKinley, Swanson and Yorktown schools. A home in pristine move-in condition and an exceptional location.

Listed by:
Betsy Twigg
McEnearney Associates
703-967-4391
[email protected]
betsytwigg.com

Open Houses in Arlington This Weekend

By ARLnow.com Sponsor

Looking for a home? There are plenty of houses and condos open for viewing this weekend.

Check out the Arlington Realty website for a full list of homes for sale and open houses in Arlington. Here are a few highlights:

2538 N. Greenbrier Street
5 BD/6 BA single-family home
Agent: Exp Realty, Llc
Listed: $1,745,000
Open: Virtual Tour/Sunday 2-4 p.m.

 

3801 Washington Boulevard
4 BD/4 BA single-family home
Agent: Weichert Realtors
Listed: $1,450,000
Open: Virtual Tour/Sunday 2-4 p.m.

 

6325 19th Street N.
5 BD/3 BA, 1 half bath single-family home
Agent: Avery-Hess Realtors
Listed: $1,075,000
Open: Virtual Tour/Saturday 1-3 p.m.

 

5072 37th Street N.
4 BD/2 BA single-family home
Agent: Compass
Listed: $949,000
Open: Virtual Tour/Sunday 1-3 p.m.

 

6227 19th Street N.
4 BD/2 BA single-family home
Agent: Condo 1, Inc
Listed: $825,000
Open: Sunday 2-4 p.m.

 

1111 19th Street N. #1503
2 BD/2 BA condo
Agent: Long & Foster Real Estate, Inc
Listed: $725,000
Open: Sunday 1-3 p.m.

 

3600 S. Glebe Road #428W
1 BD/1 BA Condo
Agent: Weichert Realtors
Listed: $499,900
Open: Sunday 2-4 p.m.

Just Listed in Arlington

By ARLnow.com Sponsor

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.

Good morning Arlington! I hope you had a fantastic Fourth of July weekend. Perhaps you heard many more ‘private’ fireworks this year than in years past just as I did. We thoroughly enjoyed the flyovers — what a treat!

As anticipated, it was a slow week for Arlington real estate — one of just a few weeks each year where we can expect volume to decrease significantly — this year it was down about 50% from the week prior.

Sellers listed some 79 properties for sale this week while buyers ratified just 47 contracts, 20 of which were on properties listed since just last week. This leads to a bit of extra inventory this week, but rest assured, buyers will do their part this week and we’ll see new contracts up a good bit next week. We may also see more price reductions than usual as a result of days on market creeping up a bit in the short term.

That could spell opportunity for some on the buy side — my recommendation: Try to scoop it up before the price reduction; reductions can result in a renewed interest and even spark bidding wars on a not-so-new property. If you see a property that’s been on the market for 14-21 days, there’s a good chance it’s due for a price reduction to stay relevant, especially if sellers keep adding 70+ listings per week.

There are currently 309 homes for sale in Arlington, 30 more than last week. 136 are detached homes, 24 are townhouses/semi-detached and 149 are condos. Average days on market (DOM) is 49 and median DOM is 28.

The median list price of currently available properties is $899,900, while the average is $1,078,621. This is now the third week in a row that median price has stayed below $1M! Median price keeps moving lower as the homes priced below $1M continue to sell at a much brisker pace than those priced above.

Last year for the same week, sellers listed 34 homes and buyers ratified 38 contracts — historically a slow week for real estate. This year though, we had twice the amount of new inventory come online.

Click here to search currently available Arlington real estate. Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight homes that are new this week that I think you might like to check out.

Listing of the Day: 1001 N. Vermont Street #414

By ARLnow.com Sponsor

Address: 1001 N. Vermont Street #414
Neighborhood: Ballston | Westview at Ballston Metro
Listed: $489,900
Open: Open Virtual Tour

Welcome to unit 414 at Westview Condominium, a 2 bedroom, 1 bath with over 950 square feet of living space including the sunroom. The unit went through a major renovation in 2016 starting with the wire brushed oak hardwood floors throughout the entire condo.

The kitchen was remodeled with new white, showcase cabinets, granite counters & Whirlpool stainless steel appliances. From the living room, sliding glass doors open to the large sunroom with new windows, making it a true four season space. The bathroom has a new tile floor, a re-glazed bathtub and a vanity with granite counters. The bedrooms are located on opposite sides of the living space, both with hardwood floors and the master with a large walk-in closet.

The unit comes with 1 prime parking space on P2, #1089. Westview is located in the heart of Ballston, just 2 blocks to the Ballston Metro and a quick stroll to the Ballston Quarter, shops, restaurants, parks and everything Arlington has to offer.

Listed by:
Shawn Battle
Orange Line Condo | Century 21 Redwood Realty
703-999-8108
[email protected]
OrangeLineCondo.com

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.

How will the D.C. area housing market respond to the pandemic?

There are certainly a variety of opinions and theories emerging, but some key facts remain intact.

Whereas some cities are heavily reliant on specific industries (e.g. Las Vegas with hospitality), the D.C. area is anchored by jobs in a variety of industries. In addition to comparitively high salaries and low unemployment rates, this will help the D.C. area market in the long run.

According to the recent Resilient and Vulnerable Cities Report by Unison, D.C. is listed among the most resilient cities in the United States, in addition to Boston and New York, in terms of being poised to weather the COVID-19 storm.

Amid this broader optimism, it’s still important to weigh the individual factors that may influence or impact a transaction. When you’re ready to chat through your scenario(s), the time-tested team at Arlington Realty, Inc. is open ears.

And now on to this week’s Just Reduced figures.

As of July 6, there are 154 detached homes, 30 townhouses and 164 condos for sale throughout Arlington County. In total, 23 homes experienced a price reduction in the past week:

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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