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.”
Sellers stepped up big time this week, but home buyers retreated. Some 96 home owners put their properties on the market this week signaling the fall market is here. But only 55 buyers ratified contracts, most of those condos. An amazing 24 of those homes sold within seven days. That pace dropped the average days on market to just 29.
Mortgage rates remained steady this week with no real change, hovering at 4.65% – 4.75% for a 30-yr fixed rate.
Glossary Term: Earnest Money Deposit. A deposit which a buyer puts at risk when they submit an offer to show good faith and intent to complete the transaction. After all conditions in the contract have been satisfied, like a home inspection, the buyer can forfeit the deposit if they fail to close for any reason.
The deposit is usually held by the buyer’s brokerage or the title company. The deposit goes toward the buyers down payment and closing costs at settlement.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
Address: 3106 N. Glebe Road Neighborhood: Country Club Park Listed: $1,425,000
You’ll love this meticulously designed craftsman style home.
Located across from Washington Golf and Country Club, this home has 6 bedrooms, 5.5 bathrooms on 3 levels with almost 5,000 square feet of living space.
The beautiful custom kitchen includes expansive Carrera marble countertops, one of a kind walnut live edge bar top, built-in banquette, 48″ Wolf Range and double outswing French doors leading to an outdoor sanctuary.
Custom touches throughout this exquisite home include extra wide plank white oak hardwood floors, large pantry with 166-bottle wine fridge, barn doors, reclaimed beam mantels over wood burning fireplaces and master suite with spa worthy bath.
Formal living room and formal dining room along with first floor bedroom with en suite bath on the mail level. The second floor offers four bedrooms with upper level living room. There is also a private entrance on the lower level with bedroom, full bath, and bar area.
Built-in speakers are located in the kitchen, dining room, master bedroom/bathroom and theatre room. The exterior of the home features a paver patio, fire pit, flat and fully fenced yard and a two car garage.
Extensive privacy landscaping, an exterior security camera system, automated sprinkler systems and landscape lighting complete the front and back yards.
At The Bower, you’ll never run out of things to do and explore. Eclectic dining, live music, nights at the ball game, vibrant community events — it’s all here at The Yards, waiting to welcome you home.
Dine at local hot spots including Chloe, District Winery and Osteria Morini. Shop local favorites from Steadfast Supply to Willow and stock up on the essentials at Harris Teeter located just one block away from The Bower.
With a buzzing nightlife, a humming social scene, outdoor concerts, the riverfront and more — it’s a city within a city, a world within a world and, for those buying a condo in D.C., it’s the place to find everything you need.
The Bower offers a variety of layouts to suit your lifestyle, including spacious two-bedrooms as well as studios to penthouses. These thoughtfully designed condos feature 9′ ceilings, wide-plank hardwood floors, floor-to-ceiling glass, Bosch electric appliances and Italian cabinetry.
The Bower includes inviting community spaces from a rooftop residents’ lounge and terrace with wet bar and wine storage to a fitness studio. With the ideal mix of energy, convenience and style, The Bower is the perfect transition from the energy of The Yards to the peace of home.
With over 50% of residences sold at The Bower. Now is your opportunity to call The Yards home. To learn more visit thebowerdc.com or call 202-869-5233 Sales by PN Hoffman Realty.
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.
Woof! Woof! Woof! Woof!
Translation: Arlington is the number one dog-friendly city in the U.S. according to Yelp. In a recent scoring of localities throughout the country, Arlington came in at numero uno for its dog parks and number of dog-friendly establishments, among other criteria.
So, Fido has plenty of places to play and relax here. But, before you decide to call Arlington County home, where will you and Fido live? Dog-friendly communities and residences can be tough to find. But, being the animal lovers that we are, we are loaded with recommendations and can help you find the perfect spot.
When you (and your furry friend) are ready to GET MORE out of your transaction, we’re ready to roll. And, don’t worry. We don’t bite or bark.
As of September 10, there are 201 detached homes, 52 townhouses and 253 condos for sale throughout Arlington County. In total, 49 homes experienced a price reduction in the past week.
Here is this week’s selection of Just Reduced properties:
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.
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.”
Home buyers were sleeping this week, but sellers were eager to get started in the fresh fall season.
Only 33 buyers ratified contracts this week. They were probably exhausted after partying over Labor Day weekend and then dragging themselves back to a short work week. But sellers seemed excited to get on the market with 67 new listings.
As the fall season begins, watch for the frequency of multiple contracts on fresh listings. That may be the earliest sign of the market’s temperature, whether cooling down or heating up. There is some concern that price increases may be hitting a ceiling as the average household income in Arlington has matched the affordability for the average home price.
So until incomes start to rise, we may not see much movement on prices. The average household income in Arlington has barely moved in the last five years.
Glossary Term: Setbacks.
Setbacks pertain to county building codes and are the distances allowed for a structure to be from the property lines.
In Arlington, they must be no closer than 25 feet in back and in front to the property lines. On the sides, neither side can be less than eight feet, and total for both sides cannot be less than 18 feet. So typically 10 + 8. Detached garages can be within 1 foot of back and side property line, and minimum 8 feet from any structural part of the house.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
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.
Today is National Be Late for Something Day. Yes, it’s a real thing. Fun facts: It has been celebrated each and every September 5th since the Procrastinator’s Club of America created it in 1956.
So, why in the world am I telling you this?
Well, amid all the things you can choose to be late for today, tomorrow or any day… don’t let it involve your real estate decisions and or transactions. If and when you see something you like, you must act quickly before someone else scoops it up. Sometimes if a seller is presented with equal offers, they may just opt to go with the buyer that responds quickly, too.
Timeliness is a good thing in real estate. And, on that note, you’ll want to work with a team that will help you GET MORE out of your transaction and does things in an efficient fashion. When you’re ready to roll, we’re ready to get things done on your behalf.
As of September 3, there are 182 detached homes, 46 townhouses and 226 condos for sale throughout Arlington County. In total, 26 homes experienced a price reduction in the past week.
Here is this week’s selection of Just Reduced properties:
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.
A rendering of a redeveloped Harris Teeter, seen from along N. Glebe Road.
A 2018 rendering of a redeveloped Harris Teeter, seen from along N. Glebe Road.
An aerial view of a rendering of a proposed redevelopment of the Ballston Harris Teeter.
A 2018 rendering of the corner of a proposed Harris Teeter redevelopment in Ballston, seen from N. Glebe Road.
A 2018 rendering of a park on the corner of a redevelopment of the Ballston Harris Teeter
Residential buildings rendered as part of a redeveloped Harris Teeter in Ballston.
Map showing Harris Teeter store and pre-owned Mercedes lot (via Google Maps)
Plans seem to be taking shape for a full redevelopment of the Harris Teeter and adjacent Mercedes Benz dealership lot in Ballston.
The grocery store’s owners are hoping to team up with a Georgia-based developer to build 700 residential units on the property with 83,600 square feet of retail on the ground floor of two buildings, including a newly renovated Harris Teeter store to replace the existing location.
The plans match the county’s long-term goal of transforming the Glebe Road property into a mixed-use community.
Though the plans are still conceptual at the moment, the developer provided some details to owners at the neighboring Hyde Park Condominiums — an anonymous tipster provided a copy of a presentation sketching out the redevelopment to ARLnow. Helen Duong, a spokeswoman for the county’s planning office, said that there’s a meeting scheduled today (Tuesday) for the developer to submit preliminary plans on the project.
A lawyer working on the development effort declined to comment. But the presentation, dated July 30, shows that the developer is envisioning buildings anywhere from six to eight stories tall, in addition to adding a half-acre park on the site. The plans also call for as many as 974 parking spaces to serve the new buildings.
Back in 2013, the County Board approved some policy changes to allow for more density on the site, in light of Ballston’s rapid development along Wilson Blvd. County staff wrote at the time that redeveloping the area would enhance “the southern gateway of Ballston” and transform N. Glebe Road into “an urban boulevard.”
The Board even approved zoning changes to allow buildings anywhere from 12 to 14 stories tall, so the current proposal, backed by the development firm Southeastern, is less dense than the county envisioned. However, it does call for many of the same transportation improvements the county sketched out at the time, including an extension of N. Tazewell Street from where it meets with N. Carlin Springs Road, running through the property.
Harris Teeter envisions building a new, 70,600-square-foot store on the site, complete with an “improved layout” and “improved customer experience and offerings,” according to the presentation. The old store would remain open as workers built the new one, complete with 390 housing units stacked on top.
Plans are a bit less set in stone for the height of each residential building. One option included in the plan calls for both buildings to be eight stories tall, provided the developer can win some policy changes from the county — another option envisions an eight-story building located on the current pre-owned Mercedes lot, and six-story building where the Harris Teeter is currently, closest to the Hyde Park condos.
Ballston Business Improvement District CEO Tina Leone declined to comment on the exact details of the plans, but said “we are very pleased and supportive to see community-building development happening here.”
GMA Broadcasts Segment from Arlington — ABC’s Good Morning America broadcast a live segment from Arlington’s fire training academy near Shirlington yesterday. [Twitter]
Buyers’ Market in 2020? — “Home sellers likely will continue to hold more negotiating power than buyers for the next year and a half, according to the 2018 Q3 Zillow Home Price Expectations Survey. But it won’t last forever, experts say.” [InsideNova]
Local Leaders Decry Loss of Transportation Funding — “The leaders of Northern Virginia’s five most populous jurisdictions pledged Wednesday to push back on the General Assembly’s move this year to pull money from regional transportation projects to provide dedicated funding for the Metro system.” [WTOP]
Arlington added more homes this spring than it has during any three-month period dating back to last summer, according to a new county report.
Between April 1 and June 30, the county saw construction work wrap up on a total of 278 new homes, including 236 apartments and townhomes and 42 single-family homes. The county totaled up these latest numbers as part of a quarterly analysis of development in Arlington.
That number far outpaces the 103 homes that became available over the same time period a year ago, and represents the most new homes to hit the market since the third quarter of 2017, stretching from July 1 through September 30. The county added 456 homes, including 411 in multifamily structures, during that period, according to county data.
The latest spike in new homes was largely generated by the completion of the 672 Flats project on N. Glebe Road in Ballston, a project that included 173 new apartments. The Key and Nash development in Rosslyn also wrapped up work this quarter, adding 63 new condos.
The completion of the Central Place project in Rosslyn accounted for the bulk of the rest of the construction to wrap up in Arlington this spring. The massive new building includes roughly 570,500 square feet of office space and roughly 11,000 square feet of retail space as well.
The 672 Flats project also included 4,300 square feet of retail space underneath the new apartments. The addition of nearly 4,600 square feet of office space at 383 N. Cathedral Lane, just off S. Glebe Road, rounds out the list of projects completed this spring.
The county’s data show that another 3,700 homes are currently under construction around Arlington, in addition to 910,000 square feet of office space and 334,000 square feet of retail space. During the same time last year, the county projected about 2,025 new homes on the way, with 67,500 square feet of retail and 1.4 million square feet of office space.
Perhaps unsurprisingly, the bulk of the new development on the books is concentrated in Ballston and Rosslyn, with Crystal City and the Columbia Pike corridor not far behind.
506 N Norwood Street
2702 N Lee Highway 3B
5860 14th Street N
5310 12th Street S
1805 S Crystal Drive #618S
1201 S Barton Street
4343 N Lee Highway #706
