Potomac Yard | Del Ray | Old Town Alexandria Real Estate News

Feb. 1, 2016

Free 2016 Winter Buyer Guide For Alexandria VA Homebuyers

Free 2016 Winter Buyer Guide For
Alexandria VA Homebuyers

 

Alexandria VA Real Estate - With so much information online, it can overwhelming when you're thinking about buying a home. From PITI to DTI and LTV, it's enough to make your head spin. Alexandria VA homebuyers can now take advantage of our free 2016 Winter Buyer Guide to Buying a Home.

Inside this edition you'll find information on 2015 home prices, interest rate projections for 2016, qualifying a mortgage and more.  Download this handy guide, and when you're ready, call me at 703-623-8759 to start your home search.

 


 

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Posted in Buyers
Jan. 30, 2016

Bolling Brook Condo Just Sold at 3240 28th Street

Bolling Brook Condo Just Sold at 3240 28th Street

3240 28th street

Affordable homes for first-time homebuyers in Alexandria VA are hard to find.  With help from non-profit organizations like Rebuilding Together Alexandria, there is more inventory of move-in ready affordable homes.

Rebuilding Together Alexandria has just purchased the short sale property at 3240 28th Street Unit 202 in Bolling Brook.  This two bedroom condo was an Alexandria VA short sale.  Once this short sale was approved by the bank and creditors, we had the green light to close.  Now, the rehab process can begin. 

This property will now get a facelift to bring it back to life.  Changes and upgrades can include new flooring, new kitchen appliances, fresh paint, new windows and doors, and new bathroom fixtures and upgrades.  In many of the homes, Rebuilding Together Alexandria will also replace heating and air equipment and water heaters.

But these homes aren't your typical 'flip'.  The work is done with the help of volunteers, and the properties are relisted, and made available only to first-time homebuyers.  Since Rebuilding Together Alexandria is a non-profit organization, the list price of the homes are based on the previous purchase price plus the cost of rehab.

So stay tuned, this home will be back on the market.  If you are currently renting, and either live or work in the City of Alexandria, give me a call at 703-623-8759 to see if you qualify.  In partnership with the Office of Housing, these homes are available on a first-come first-serve basis, no bidding up the sales price like in open market listings.

 

Dec. 14, 2015

3051 Manning Street Has A New Price

New Price - 3051 Manning St, Alexandria VA 22305
$520,000

3051 Manning Street front porch

Del Ray Homes For Sale - If you've been circling around the active homes for sale in Del Ray, you probably just got the alert that the renovated rowhouse at 3051 Manning Street has just been reduced to $520,000.

If you're one who loves to "People Watch", then ease on up the brick steps to the covered front porch and gaze at the joggers, bikers, and pooches that pass by.  This home is located just steps from Mount Vernon Avenue (aka 'The Ave'), so you can sit and watch behind the security of the fenced yard.

3051 Manning Street living room

When you step inside, the sun drenched living room will greet you with the nostalgic hardwood floors that continue into the dining room.  With this end unit rowhouse, you'll love the extra windows that welcome natural light.  The entire home has been freshly painted with soft neutral colors, and elegant crown moulding frames the living and dining areas.

3051 Manning Street dining room

The dining room is a great conversation area as well.  With two windows, new light fixture, and room for expansion, it's a great space to enjoy your homemade or carryout meals that you picked up from the restaurants on The Ave.

3051 Manning Street Rec Room

When you're ready to lounge, retreat to the lower level rec room.  It's the ideal space for a customized 'man-cave', a home office for the telecommuter, or a guest room.  The lower level offers a generously sized half bath, and a large utility room with full sized washer and dryer.  The basement also has a walkup rear exit into the backyard.

This home at 3051 Manning Street is located in the heart of it all.  Why not shorten your commute, and live within walking distance of Mount Vernon Avenue, Old Town Alexandria, and Potomac Yard.  There is off-street parking in the rear alley, and you'll have the benefit of a concrete pad inside your enclosed back yard.

For more details and photos of the lovely end rowhouse at 3051 Manning Street, please click here.  To take  a look, give me a call at 703-623-8759 today.

 

Nov. 13, 2015

3051 Manning Street, Alexandria VA 22305 - Coming Soon

3051 Manning Street - Coming Soon!
Lovely Del Ray End Rowhouse

3051 Manning St For Sale

Del Ray Homes For Sale - Have you been waiting for a beautiful home in Del Ray where you can sit out on your front porch, or just get up and walk to the shops and dining on Mt Vernon Avenue ('The Ave')? Do you want to walk out of your front door to the Farmer's Market on Saturdays?  What about walking to the Potomac Yard movie theatre?  Need some milk, Walgreens is also nearby, not to mention the brand new Giant that just opened!

3051 Manning Street

Why waste time with a long, excessive commute? In minutes, you could be home, on your front porch, and ready to relax.

If this sounds like the start of something beautiful, then click here to schedule an appointment and know immediately when this home hits the market.

 

         

Sept. 22, 2015

Sold in Mayflower Square in Alexandria VA

Sold in Mayflower Square in Alexandria VA

5927 quantrell avenue just sold by tamara inzunza


SOLD in Alexandria VA

First-time homebuyers who are on the prowl for an affordable condo with low monthly fees just missed out on the chance to scoop up this unit. The result is another home JUST SOLD in the Mayflower Square subdivision of Alexandria, courtesy of listing agent Tamara Inzunza with RE/MAX Executives.

This home was another opportunity offered by Rebuilding Together Alexandria. Rebuilding Together Alexandria is a non-profit organization based in the City of Alexandria.  The organization uses federal and state funds to purchase distressed properties (bank owned foreclosures and short sales), rehabs them, and offers them for sale below market value, to first-time homebuyers.  If you are interested in learning more, and you currently live and/or work in Alexandria City, call me at 703-623-8759 to see if you qualify for the down payment assistance programs that are available.

With the median price of a home in Alexandria at $523,500, it's a challenge for many first-time home buyers to find an affordable home in good condition.  Thanks to Rebuilding Together Alexandria, properties are freshly painted with updated kitchen appliances, new flooring, and HVAC systems are replaced or serviced.  Also, all properties convey with a home warranty. The home at 5927 Quantrell Avenue #104 was sold for $124,742.

Posted in Just Sold
Sept. 11, 2015

Alexandria VA Short Sales Report for August 2015

Alexandria VA Short Sales
Market Report for August 2015

 

We're heading into the last quarter of 2015, so let's see how the short sale listings have been doing in the Alexandria VA real estate market.

How many short sales closed in August 2015?

 

As you can see, the number of short sale listings that closed in Alexandria VA over the past year is significantly low.  The monthly volume has yet to reach double digits in 2015, with one sold short sale closing in July.  In August, 234 homes sold and 4 of them were short sales.

Are there are lot of short sales on the market in Alexandria VA?

It's slim pickins' when it comes to finding short sale listings in Alexandria VA.  Take a look at the inventory of listings:

At the end of August, there were 536 homes for sale in Alexandria VA, and 8 active short sale listings.  What does this mean for an active buyer?  It means that there are plenty of traditional listings to go after if you don't have the time to wait for a bank to look at your offer and decide whether or not to take it.  Does this mean that you should exclude short sales from your search? Absolutely not! Odds are, buyers are competing for the traditional resales, so you may have more negotiating power by going after a short sale with fewer buyers to compete against.  Keep in mind that the bank still has to approve your offer, so a low-ball on a short sale may be acceptable to the seller, but the bank still has the authority to step in and approve the short sale subject to a higher counteroffer.  Be sure to have your Alexandria VA buyer agent review the sales comparables with you to see if it makes sense to increase your offer.

How many short sales are pending in Alexandria VA?

When we look at homes that are under contract, or pending, it's usually an indicator of how the volume of closings will look the next month.  Take a look at the number of short sales that are pending in Alexandria VA:

As the volume of traditional sales that are pending declined for the fourth straight month, the number of pending short sales remained consistent with what we've been seeing all year.  In August, there were 27 pending short sales in Alexandria VA.

 

                    

If you are facing a financial hardship, please give me a call at 703-623-8759 for a confidential consultation to see if you qualify for a short sale.

July 3, 2015

Where to See Fireworks on 4th of July Alexandria VA 2015

Where to See Fireworks on 4th of July In
and around Alexandria VA 2015

It's a 3-day holiday weekend so be prepared for the festivities and celebrations to begin on Friday, July 3rd!  If you are looking to get start your weekend with good food, concerts, and fireworks then you're in for a good time this weekend.  Take a look at the schedule of events below to know where to see fireworks and find parades in and around Alexandria VA.

where to see 4th of july fireworks alexandria va

 

If you're in the Lorton VA area, be sure to kickstart your weekend early with a concert, and have your pick from a variety of food truck vendors at the Workhouse Art Center.  There will be a $10 parking fee, and food truck vendors will have a vast assortment of foods including pizza, rum cakes, bbq, ice cream, and other specialty desserts.  This event will begin at 5:30 PM, and the fireworks will begin around 9:00pm.

Do you live in Fairlington?  Then you won't have far to go to catch the annual Fairlington Village 4th of July parade.  This parade is open to the public, and is held in the Fairlington community at S. 31st and S. Abingdon Streets.

I'm sure that there's nothing like catching the spectacular show on the National Mall, but we had a great time when we went to Kings Dominion on the 4th of July two years ago.  It was an action packed day of swimming and water slides at the water park (now renamed Soak City), not to mention the yells and screams from my favorite roller coaster The Ricochet!  We even caught the best seat in the park while watching the fireworks show from The Americana.  That's my kind of day!

Have a safe and Happy 4th of July!

 

 

                  

Posted in Fun, Things To Do
June 30, 2015

Things To Do In Old Town Alexandria July 2015 Events

Things To Do In Old Town Alexandria
July 2015 Events Calendar

 

Things To Do Alexandria July 2015

Summer is in full swing, and there's no shortage of things to do in and around Old Town Alexandria, Del Ray, Shirlington, and Washington DC next month.  While the area will be preparing to celebrate Independence Day, the full month of July is chock full of events to help celebrate America's day.

Are you aching for some bacon...Kevin Bacon that is?  That's right, Hollywood actor Kevin Bacon will be gracing Alexandria with his presence next month by performing with his band The Bacon Brothers at The Birchmere.  Do you like crabs?  Do you like cruising?  Then you'll be in for a treat on July 12.  Check out the Crab Leg Feast Cruise aboard the Spirit of Washington.

And speaking of 'spirits', did you know that Creation Entertainment's Supernatural Convention is coming to town? Whoa!  If you're a fan of Sci-Fi movies and television, you won't want to miss this event.

Download our calender, and get your social butt in gear this July.  I hope to see you around next month either in Old Town, Del Ray, Shirlington, or Washington DC.  In the meantime, if you're thinking about buying or selling a home, call or text me at 703-623-8759.

 

           

 

 

Posted in Fun, Things To Do
April 7, 2015

5250 Valley Forge Drive Unit 509 | Alexandria VA Condo For Sale

5250 Valley Forge Drive Unit 509 | Alexandria VA Condo For Sale

Alexandria VA Condos For Sale - Finally, an affordable condo that's close to everything with a low monthly condo fee that included ALL utilities!

Wapleton condo for saleThe Wapleton is one of the few mid-rise condo building in Alexandria VA.

Can you find a better combination?

This is where affordability and location come together.  An attractive entry level price of $180,000 for a secure building with assigned parking, this condo home won't be on the market for long.

As you enter the building, you'll see a welcoming lobby with new lounge furniture.  The mailboxes are located on the main floor just before the two building elevators.

 

wapleton condo living room

 

When you enter the unit, you'll immediately notice the abundance of natural light shining from the beautiful wood floors.  The total square footage is 791, and this isn't one of those choppy floor plans, it's bright and open.

There's plenty of room for oversized and comfy furniture without shrinking the living room, or you can slim it down and really show off the available space.

 

 

 

wapleton 509 kitchen

The kitchen offers gas cooking, a built-in microwave, and space over the cabinets for additional storage.  With neutral colors throughout, this home is ideal for you to come and add your personal finishing touches.

 

 

 

 

 

wapleton 509 balconyOne of my favorite things about selling condos in Alexandria VA is enjoying the different views that each unit has to offer.  This view from this 5th floor balcony doesn't disappoint.  As you step out, you'll enjoy a scenic view of Alexandria.

The master bedroom in this home also has wood floors and a large double closet.

Community amenities in The Wapleton include an outdoor pool, laundry room on each level, garage and surface parking, and on-site management.

If you are looking at condos for sale in Alexandria VA, don't skip over this unit in The Wapleton.  Compared to many of the garden-styled condos, this building offers secured entry.  Also, compared to some of the neighboring high-rise buildings like The Templeton with monthly condo fees over $500, and the Watergate at Landmark with monthly fees at $1000, this home ranks high on the affordability scale.

See Also - All Mid-Rise Condos for sale in Alexandria VA

               

 

 

 

Posted in Condos, Just Listed
April 6, 2015

Alexandria VA Short Sales Report for February 2014

Alexandria VA Short Sales Report for February 2014

 

As the Alexandria VA real estate market starts to heat up, let's take a look at how the short sales are performing against the traditional resale homes.

In February there were 261 homes that sold and closed in Alexandria VA, and two of those were short sales. 

Take a look at the inventory comparison:

 

The number of active listings started to increase from January to February.  There were 775 active listings total, and 23 active short sale listings.

While the number of short sale listings and closed sales are both low, the number of short sales that are pending tell a different story.

Alexandria VA buyers are out in full swing as indicated by the uptick in pending sales from December to February.  There is a higher volume of short sale pendings in comparison to the active and closed short sales. In February, there were 54 short sales pending.  When you look at the number of closed short sales from previous months, you can see that only a small percentage of the pending short sales are actually closing.