real estate

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:

4731 34th Street N.
6 BD/5 BA, 1 half bath single-family home
Agent: Tradition Realty, Llc
Listed: $2,399,000
Open: Sunday 2-4 p.m.

 

1402 S. Randolph Street
5 BD/4 BA, 2 half bath single-family home
Agent: Re/Max Allegiance
Listed: $1,088,000
Open: Sunday 11 a.m.-1 p.m.

 

3967 26th Street N.
3 BD/2 BA, 1 half bath single-family home
Agent: Ttr Sotheby’s International Realty
Listed: $850,000
Open: Saturday 1-3 p.m.

 

2220 Fairfax Drive #310
3 BD/2 BA, 1 half bath condo
Agent: Weichert Realtors
Listed: $749,900
Open: Sunday 2-4 p.m.

 

1849 N. Uhle Street #1
2 BD/1 BA, 1 half bath condo
Agent: Rlah Real Estate
Listed: $689,000
Open: Sunday 2-4 p.m.

 

3204 13th Road S.
2 BD/2 BA villa/townhouse
Agent: Residential Properties, Inc
Listed: $535,900
Open: Sunday 1-4 p.m.

 

2101 N. Monroe Street #118
1 BD/1 BA, 1 half bath condo
Agent: Redfin Corporation
Listed: $419,000
Open: Sunday 1-4 p.m.

Morning Notes

By ARLnow.com

‘Moderate Drought’ in Arlington — “A significant lack of rainfall and unusual late season heat has led to flash drought conditions across a large portion of the area.” [Twitter]

Extended Closures Expected at Local Metro Stations — “The next round of work is scheduled to include platform repairs and other station upgrades at Vienna, Dunn Loring, West Falls Church, East Falls Church, West Hyattsville, Prince George’s Plaza, College Park and Greenbelt…. In summer 2021, Metro plans closures or long-term single tracking… at Arlington Cemetery on the Blue Line in Virginia; and Reagan National Airport on the Blue and Yellow Lines.” [WTOP]

MoCo Worried About Being Lapped By N. Va. — “Ten jurisdictions – Arlington, Fairfax, Fauquier, Loudoun and Prince William counties and Alexandria, Fairfax, Falls Church, Manassas and Manassas Park cities – are teaming up to market themselves to employers… If these jurisdictions can truly put aside their own rivalries and form a bona fide joint marketing authority, this will be a big problem for suburban Maryland – and especially Montgomery County.” [Bethesda Magazine]

Beyer Champions Ranked Choice Voting Bill — “‘Ranked choice voting can play a significant role in addressing our hyper-partisan, polarized political environment by discouraging negative campaigning and promoting majority support’ said Congressman Don Beyer about… the Ranked Choice Voting Act (HR 4464).” [Press Release]

Real Estate Investor Expects Rent Increases — “‘We believe Amazon’s decision to establish Northern Virginia as its East Coast headquarters location will drive significant future rent growth in nearby markets such as Falls Church and beyond,’ said Blackfin Co-Founder and managing partner Doug Root.” [Press Release]

Flickr pool photo by Tom Mockler

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 Team Cathell, “Your Orange Line Specialists.”

Arlington’s real estate market picked up some steam this week after a sluggish start to the fall season.

Sellers listed 69 homes and buyers ratified 61 contracts. These numbers are more in line with previous robust fall numbers. While the U.S. continues its historic economic expansion into the 11th year, there were signs this week of concern. Job growth has slowed, although unemployment remains at a near historic low of just 3.7%. And the consumer confidence index dropped this week.

Economists have cited consumer spending as the main pillar supporting continued economic growth. Well, consumer confidence, as measured by the non-profit Conference Board since 1985 (index started at 100), dropped from 134.2 in August to 125.1 in September. Economists expected a drop, but not that much.

Mortgage rates meanwhile improved early this week and have held at 3.75% for a 30-yr fixed rate.

The improved rate of ratified contracts this week didn’t help our inventory level. The supply of active homes for sale (271) dropped from 1.3 months to 1.1 months based on the current rate of absorption. It’s still a tough market for home buyers.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

Listing of the Day: 5612 5th Street N.

By ARLnow.com Sponsor
1/9

Address: 5612 5th Street N.
Neighborhood: BonAir/Bluemont
Listed: $1,499,000
Hardhat Open House: September 28-29 from 1-4 p.m.

Wear your comfy shoes to enter the inside of this light filled new home by A&N Builders.

Sited on a private lot backing to trees, the home is filled with quality and style. The kitchen features Bertazzoni professional gas range, refrigerator and dishwasher, Shrock kitchen cabinets, Quartz countertops, Kohler farm sink in the kitchen; Pella windows; two zone gas heating and electric central air conditioning; efficient gas water heater; extensive insulation and energy efficient sealing around windows and exterior doors; HardiPlank siding; 25 year roof shingles; slate front porch; comfortable Coretec flooring in the daylight, walkout lower level.

Desirable details include one car garage opening to mud room; walk-in kitchen pantry; gracious foyer four bedrooms and three baths upstairs; double walk-in closets in the master bedroom; upstairs laundry room with utility sink; utility room on the second level (no crawling into attic to service the unit!) and linen storage.

The fifth bedroom and bathroom are on the lower level along with a big rec room, and terrific storage. Walkout to the private rear yard, backing to parkland.

Terrific location near the bike path for a short ride, scooter or walk to Ballston; stroll to BonAir Rose Garden and tennis gardens, and restaurants along Wilson Boulevard.

Ashlawn, Kenmore, and Washington-Liberty School pyramid.

Listed by:
Betsy Twigg
Associate Broker, Licensed in Virginia
McEnearney Associates
4720 Lee Highway
Arlington, Va 22207
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 licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.arlingtonrealtyinc.com or calling 703-836-6116 today!

Please note: While Aaron Seekford provides this information for the community, he may not be the listing agent of these homes.

Single-family homes, townhouses and condos get a lot of love on the Just Reduced column.

Regardless of what may already be constructed and how hot our local market may be, there is still land out there in Arlington County to build the home (or business!) of your dreams.

Amid this week’s Just Reduced home offerings, we have a 1.72-acre parcel of commercial land at 1722 North Glebe Road in Arlington. The acreage was reduced by more than $1 million on September 16! And, contingent on the seller’s needs and timeframe (as with any transaction), these savings may only be the beginning.

From a clean slate of land to tear-down possibilities, we can make your real estate dream a reality. To get started on your future (and/or to-be-built!) home/business, turn to Arlington Realty, Inc. We’ve been the family-owned real estate in Arlington since 1984 and know the lay of the land by heart.

And now on to this week’s figures:

As of September 23, there are 162 detached homes, 27 townhouses and 101 condos for sale throughout Arlington County. In total, 21 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 Aaron Seekford.

Ask Eli: New Condo Building 2000 Clarendon Banning Smoking

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: Are there any smoke-free condo buildings in Arlington?

Answer: There is overwhelming support amongst condo owners in Arlington and the D.C. area to ban smoking in condo buildings, including within individual units and balconies. The problem is that it requires a two-thirds (or more) vote in all existing condo buildings to change the by-laws to ban smoking completely and only a handful of buildings have successfully done so.

2000 Clarendon to be Smoke-Free, LEED Certified

I’d like to recognize The Bush Companies for making 2000 Clarendon, an 87-unit condo building currently under construction in the Courthouse neighborhood, for being the first developer in Arlington to ban smoking outright in the original by-laws. Per the by-laws:

“Smoking is prohibited inside the Condominium building. Smoking is prohibited outside the Condominium building except in designated smoking areas located at least 25 feet from all entries, outdoor air intakes and operable windows. The no-smoking policy applies to spaces outside the property line used for business purposes.”

In addition to being smoke-free, 2000 Clarendon will also be a LEED Certified “green” building.

There is real demand in the Arlington condo market for smoke-free buildings and there will likely be multiple owners who choose 2000 Clarendon as their home because of the smoking ban. I believe that the decision by The Bush Companies to ban smoking will result in stronger sales and I expect more developers in Arlington and the surrounding D.C. area to follow suit.

On October 15 I’m hosting a panel and info session on smoking bans in existing condo buildings. If you are interested in attending or getting a recording of the meeting, please email me at [email protected].

2000 Clarendon Sales Update

If you’re in the market for a condo in the Rosslyn-Ballston Corridor and aren’t aware of 2000 Clarendon, it’s because marketing has been very limited and nothing has been entered into the MLS yet (hopefully you saw my column introducing 2000 Clarendon in April). However, demand has been high enough without a full marketing push that over 50% of the units are already under contract.

The shift in demand within the Arlington condo market to larger units with 2+ bedrooms is evident at 2000 Clarendon, with impressive demand for their 2 BR and 2 BR+Den units and double-digit waiting lists. The 1 BR+Den floor plans have been nearly as popular, but 1 BR sales have lagged. I expect the 1 BRs to move rather quickly once they’re entered into the MLS for broader distribution.

The developer is releasing units for sale by floor and to-date ten of the fourteen floors have been released with floors 9, 11, 13 and 14 yet to be offered. Some units on the upper floors are expected to have direct D.C. views.

If you’re interested in learning more about available units at 2000 Clarendon or other new condo development in Arlington or the D.C. area, feel free to reach out to me at [email protected].

If you’d like a question answered in my weekly column or to set-up an in-person meeting to discuss local real estate, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at www.EliResidential.com. Call me directly at (703) 539-2529.

Eli Tucker is a licensed Realtor in Virginia, Washington D.C., and Maryland with Real Living At Home, 2420 Wilson Blvd #101 Arlington, VA 22201, (202) 518-8781.

Large Portion of Foxcroft Heights Listed For Sale for $11 Million

By Kalina Newman
1/3

A substantial portion of Arlington’s Foxcroft Heights neighborhood is listed for sale for $11 million.

The properties between 901 and 925 S. Orme Street — a block-long row of brick houses bordering Columbia Pike and across from the Sheraton Pentagon City hotel — are touted in the listing as a “tear down” redevelopment opportunity.

It’s currently the most expensive real estate listing in Arlington.

The listing suggests the tiny neighborhood near the Air Force Memorial is primed for “integrated gentrification” with the planned reconfiguration of eastern Columbia Pike with the expansion of Arlington National Cemetery, not to mention Amazon’s nearby HQ2.

“The re-development of 901-925 Block can and will be simultaneous with the planned redevelopment and expansion of Arlington National Cemetery and the most eastern corridor of Columbia Pike, allowing for vast and integrated gentrification of the area,” the listing says. “It is an exceptional opportunity to revitalize and rebuild a part of Arlington County that has remained virtually forgotten for the past 50 years.”

The listing says that a developer should be able to build a five-story residential building, with up to 71 new units of housing, on the 0.75 acre site.

It’s unclear if any of the new apartment units would ultimately be designated as affordable housing, or what will happen to the current residents along Orme Street. Matt McMullan, the president of the Foxcroft Heights Civic Association, said the group has discussed the listing with residents “at a number of association meetings.”

“This is not the first time that gentrification has been broached with the neighborhood, and historically, residents have been divided on the topic,” said McMullan.

The listing’s real estate agent, Barbara Johnson, said she had no comment. The full listing is below.

Amazing opportunity to tear down and build 5-6 stories in prime Arlington County location! Foxcroft Heights is Arlington’s best kept secret, with a location one mile from the Pentagon Metro and Crystal City-Amazon HQ-2, and one stop light to the 14th Street Bridge. Incredible views of Arlington National Cemetery, USAF Memorial, the Capital and the Washington Monument starting on the 3rd floor. Lots & Alley Parcels comprise 32,427 square feet of buildable space. Yield Analysis and Pricing are based upon 5 floors with two levels of underground parking. Total Gross Building Area is 75,578 Square Feet, 71 units ranging 950-1200 square feet, 8814 Square Feet of Open Space, and 77 parking spaces. Commercial Mixed Use on first floor allowed, but Yield is based on Maximum Residential use under the Form Based Code. Call or email for complete package of materials. FYI: If timed correctly, the re-development of 901-925 Block can and will be simultaneous with the planned redevelopment and expansion of Arlington National Cemetery and the most eastern corridor of Columbia Pike, allowing for vast and integrated gentrification of the area. It is an exceptional opportunity to revitalize and rebuild a part of Arlington County that has remained virtually forgotten for the past 50 years.

Images (2-3) via Google Maps

Listing of the Day: 3100 N. Peary Street

By ARLnow.com Sponsor
1/10

Address: 3100 N. Peary Street
Neighborhood: Bellevue Forest
Listed: $2,235,000

Breathtaking new construction home in sought after Bellevue Forest!

2-story family room with floor-to-ceiling windows, walk-out Trex deck and full wall stone fireplace. Gourmet kitchen with marble counter tops, stainless steel appliances and large pantry with custom storage shelves. Master bedroom suite with his and her closets, large soaking tub, dual marble sinks, tray ceiling and coffee bar with mini-fridge. Control4 Home Automation with full surround sound, camera, security, video. Back-up generator.

Expansive lower level with exercise room, fully wired media room, wine storage with cooling capabilities, and wet bar. In-law/nanny/rental suite with full kitchen, washer/dryer, separate entrance. DON’T MISS!

Listed by:
Keri Shull
Keri Shull Team/Optime Realty
703-609-5183
[email protected]
www.kerishull.com

New Homes in Arlington: September 20

By ARLnow.com Sponsor

Welcome to New Homes, a biweekly column highlighting the new construction real estate market, written by Conor Sullivan and Dave Moya of Three Stones Residential at Keller Williams Realty. We are here to share our experience and expertise in lot acquisition, financing and construction of custom homes. 

Quick Ways To Make Your Home “Smart”

New construction homes are popping up everywhere in Arlington County.

These homes are beautiful and updated with all the bells and whistles of “smart-home” technology, but may not be the perfect fit for everyone. To help your home compete against the new construction in the marketplace, there are a few simple upgrades to make your home smarter, safer and more efficient.

  • Ring Doorbell: This motion activated video doorbell system allows you to view your front doorstep while you are away, or even speak to visitors remotely, all through the app. Keep an eye on packages that have been delivered, or who comes to your front doorstep while you’re not home.
  • Smart Light Bulbs: These Wi-Fi enabled LED light bulbs allow you to access the lighting in your home from anywhere using an electronic device or smart speakers. Forgot to turn that kitchen light off before leaving? No problem — turn it off from your phone!
  • Smart Speakers: Smart devices like Google Home or Amazon Echo can sync to your smart electronics via Wi-Fi letting you control them with your voice. Turn off your lights or the heat up hands free!
  • Nest Thermostat: Installing this sleek new thermostat in your home is not only visually appealing, it’s convenient! Control the thermostat remotely from your smartphone using all the Nest technology features. The device will eventually learn the climate of your home and automatically adjust the temperature when conditions change.
  • TP-Link Smart Plug: If your appliances don’t have Wi-Fi, you can use this adapter to easily control them from an app. Turn on your coffee maker before you even get out of bed!

Having these tech-savvy upgrades will not only bring your home to the 21st century and boost it’s value, it will give you peace of mind knowing you have security in place for when you’re out of town.

It could also help save money, if you forgot to turn off your lights or turn down the heat, it is now just an easy click away from your smartphone. If you have any questions about these upgrades or your home’s market value, please contact us at [email protected] or 571-429-7670.

Below is a list of new homes currently on the market in Arlington.

Want to learn more about financing a New Home build? McLean Mortgage (NMLS ID: 99665) can handle all of your construction financing needs. You can build your new home with as little as 5% down. Contact construction loan expert Troy Toureau (NMLS ID: 5618) at 301-440-4261 or AnyHomeLoans.com to learn more.

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:

705 N. Barton Street
6 BD/5 BA single-family home
Agent: Compass
Listed: $1,795,000
Open: Sunday 2-4 p.m.

 

3228 N. Pershing Drive
4 BD/3 BA single-family home
Agent: Long & Foster Real Estate, Inc
Listed: $1,150,000
Open: Saturday 2-4 p.m.

 

1418 N. Rhodes Street, B102
2 BD/2 BA, 1 half bath condo
Agent: Kw Metro Center
Listed: $949,949
Open: Sunday 2-4 p.m.

 

5209 16th Street N.
4 BD/3 BA single-family home
Agent: Kw Metro Center
Listed: $849,900
Open: Sunday 1-3 p.m.

 

3919 7th Street S.
3 BD/2 BA single-family home
Agent: Kw Metro Center
Listed: $650,000
Open: Saturday 10 a.m.-1 p.m.

 

820 N. Pollard Street #405
1 BD/1 BA condo
Agent: Kw Metro Center
Listed: $524,900
Open: Saturday 1-4 p.m.

 

1024 N. Utah Street #325
1 BD/1 BA condo
Agent: Long & Foster Real Estate, Inc
Listed: $395,000
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 Team Cathell, “Your Orange Line Specialists.”

Arlington’s fall real estate market appears to be getting off to a slow start.

It’s not bad. But it’s not great either.  It’s just sort of okay, which indicates something may be going on that’s not clear yet.

Sellers listed 71 homes this week, which is good. But buyers seem to be dragging their feet with only 51 ratified contracts. Of those, some 30 homes sold within seven days on the market.

Compared to last year, these numbers are ho hum. In the last three weeks of last September, buyers ratified 55, 65 and 54 contracts each week. And sellers really did their part by listing 96, 95 and 65 homes each week. Numbers tell a story.

Perhaps it has something to do with consumer confidence. The Fed on Wednesday dropped its overnight rate by .25% as a measure to bolster signs of a slowing economy. It cited concerns of a slowing global economy influenced by the US-China trade war and Britain’s exit from the European Union. The Fed wants consumers and businesses to maintain their level of spending while keeping inflation at its current rate of 1.6%

If you read this blog regularly, you may recall us telling you to grab the low mortgage rates to buy or refinance several weeks ago. Hope you followed the advice. Mortgage rates, which are NOT directly linked to the Fed rate, jumped this week with quotes varying from 3.73% to 4.01%. And they’re likely to rise more.

The good news for buyers this week is that the housing inventory level is at its highest in a year at 1.3 months. That gives buyers more to choose from, and strengthens their negotiating power

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

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