Are Andresen

Living Here Category

2br/2ba Herndon Condominium For Sale – Like New ($279,000)

We just listed a great 2br/2ba located within walking distance of Historic Herndon, the W&OD trail, Bready Park and the award winning Herndon Community Center.

The like-new condominium has highly desirable features like hardwood floors, 9’ ceilings, gourmet kitchen with granite counters and stainless steel appliances, large walk-in closets and a full size washer and dryer. Numerous windows let lots of  light in and you have you very own patio accessible from the living room.

Fortnightly Square was built in 2005 and has controlled access entry and garage parking. The unit comes with one reserved garage spot – additional parking is available in front of the building. The home is about 950 sq/ft, has a condo fee of $380 per month and is listed at $279,000.

More information here on 205 Meeting House Square #103, Herndon VA 20170.

Fantastic Home in Tysons Corner (Pending)

We just listed a great home in Brittany Parc at Tysons inside the beltway. The home is about 10 years old but when you see the home inside and out it feels brand new.  The four bedrooms (a 5th bedroom in the lower level just needs a closet), 3.5 baths, large open kitchen, 2 car garage parking,  a great neighborhood, a fantastic location inside the beltway and walk to restaurants combines into exactly what most buyers are looking for!

• View Flier with floor plans and info

The home has 3,000+ sq/ft over three stories. There are 9′ ceilings and recessed lightning throughout the home.

The home is listed at $889,000 (FX8077261.) This home is currently pending sale. Read the rest of this entry »

Pocket listings return in hot housing market

CNN ran a story today about the return of the pocket listings in hot housing markets. With the market being as hot as it is in Northern Virginia buyer agents use all the tricks they know to find properties not listed in the MRIS.

I wrote a story about pocket listings last year ( Does A Pocket Listing Line Your Pocket ) and why they are almost always a bad idea for sellers:

A typical seller will be put at a monetary disadvantage by not exposing the home to as many purchasers as possible from the start. By the law of supply and a demand, a pocket listing would on average sell for less than one that was available for all to see and make an offer on. In my view a general pocket listing policy by a real estate brokerage a-la “we only allow in-brokerage sales of our listings the first 7 days” is unethical. The problem is when it is the listing brokerage that pushes for the pocket listing for their own gain – a pocket listing initiated by a client (for whatever reason) I don’t really see any issue with. 

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Great 3br single family home for Sale (Pending)

We just listed a great single family home for sale in Woodbridge, Virginia. It is a renovated 3br/1.5ba detached home with granite counters, stainless steel appliances, tile floors and a gourmet cooking range (gas.) The home has two levels with the lower level being walkout to a rear patio. The rear patio overlooks a large treed backyard. The backyard is fenced and has a shed. There is ample parking available in the driveway and on the street in front of the home. Central A/C for upstairs. There is potential for another room with a window in the basement. Being sold As-Is.

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Here we go again…

The government is meddling in the housing market again. According to the administration, the housing rebound is “leaving too many people people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.”

In response, administration officials say “they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.

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Cool Contemporary in Reston! (pending)

We just listed a great contemporary townhome in Reston for sale. This is not your typical narrow and dark townhome – this one has large windows throughout and an open floor plan that lets in a lot of light.

With 4 bedrooms and 2.5 baths the home is a lot larger than it looks from the outside with over 2,000 sq/ft of total space. There are two yards, one landscaped front yard off the rec room and one rear yard off the living room.

Read the rest of this entry »

Are Fairfax County Foreclosures and Short-Sales Disappearing?

The market in Fairfax County Virginia is doing great in 2012. The number of transactions are down slightly for 2012 keeping inventory low in most areas. The prices have held up well and increased some in many areas thanks to low interest rates and good employment opportunities.

A lot of the attention in real estate has been towards distressed sales the last few years. While foreclosures and short-sales never really ruined the market in Fairfax County, some local areas did see values decimated by distressed sales after the 2006 real estate crash. Read the rest of this entry »

Capital One Development in Tysons Corner Approved

The Fairfax County Board of Supervisors has approved the Capital One plans for a mixed use development on their existing 26 acre campus next to I-495 and Rt 123 (Chain Bridge Road.) The planned development is next to the new McLean Metro station and the Gates of McLean condominium community.

The project will add another 12 high-rise buildings to the site with 3.1 million sq/ft of office space, two hotels and up to 1230 new residential units.  There would also be 4.8 acres of parks/greenspace (including a playing field.) A 9,000 sq/ft gym within a 30,000 sq/ft community center is also planned. Read the rest of this entry »

Walmart Opening in Tysons Corner Soon

As we wrote about last year, Walmart is coming to Tysons West in 2013. It is next to the new metro stop on the Silver Line through Tysons Corner. There is no exact date for the opening of the Walmart -  deliveries for office locations have been indicated to be early 2013 so hopefully by the summer.

The urban style Walmart will be about 78,000 sq/ft.  For comparison – the new “urban style” Target in Merrifield is about 163,000 square feet.  So, this new Walmart is half the size of that Target – not a monstrosity by any measure. Read the rest of this entry »

FHA Loans Getting More Expensive!

As part of a broad effort to strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMI Fund), FHA Commissioner Carol Galante announced a series of changes to be issued this week that will allow the agency to better manage risk and further strengthen the health of the MMI Fund.

“These are essential and appropriate measures to manage and protect FHA’s single-family insurance programs” said Galante. “In addition to protecting the MMI Fund, these changes will encourage the return of private capital to the housing market, and make sure FHA remains a vital source of affordable and sustainable mortgage financing for future generations of American homebuyers.” Read the rest of this entry »