Are Andresen

Tysons Corner

zip codes: 22102 (McLean), 22182 (Vienna), 22043 (Falls Church), 22180 (Vienna), 22101 McLean), 22027 (Dunn Loring)

The surrounding communities of Tysons Corner feature quiet and low traffic streets. Still, you are only minutes away from everything.

Tysons Corner is well known for the Tysons Corner Mall and Tysons Galleria. Not a city or county, it is made up of Vienna, McLean and arguably parts of Falls Church. Apart from the world-class shopping, it is the 12th largest employment area in the United States. As part of the area development plan, the resident population is envisioned to increase from the current 20,000 to 100,000 in a decade.

Tysons Corner is a great place to shop and work. It is an even greater place to live! Whether you are working in Tysons and looking for a short commute – or just like to live 20 minutes away from everything – there is a home for you. The Tysons Corner area has it all – city style living, luxury condominiums and single family homes on quiet cul-de sacs.

Tysons Corner is transforming itself these days with the new metro Silver Line. Many existing and new communities will now for the first time be walk to metro. Others will be a short bus or bike ride away. More grocery shopping is also coming with Safeway, Harris Teethers, Wal-Mart, Target and more.

A small secret: The Dunn Loring zipcode of 22027 is an often overlooked area located in Tysons Corner with some great town and single family homes.

At Soldsense we live and breathe Tysons Corner. We know and write about the new metro stations, the new developments around them, changes to the bus routes, new planned developments, communities that are small hidden gems, communities that are walkable to school and shopping (or near the bike path) – and we will use our knowledge and experience to find you and your family a perfect home.

Browse our site, get to know us, and then give us a call at 703 560-3424 or contact us to get started. Also check out the 5 Reasons Soldsense Rocks For Homebuyers!

Latest Homes Listed in Tysons Corner

The list is updated every few hours, so make sure to bookmark this page to not miss out on brand new listings!

Showing properties 1 - 10 of 71. See more Tysons Corner New Listings.
(all data current as of 5/22/2013)

1. $639,000 : 1932 Hull Rd, Vienna
   
   4 beds, 3 full baths

   Home size: 1,488 sq ft

   Lot size: 11,797 sqft
2. $798,000 : 8411 Hunt Valley Dr, Vienna
   
   4 beds, 3 full baths

   Lot size: 12,444 sqft
3. $550,000 : 8213 Westchester Dr, Vienna
   
   3 beds, 2 full baths

   Lot size: 30,000 sqft
4. $205,000 : 2300 Pimmit Dr #1118, Falls Church
   
   1 bed, 1 full bath

   Home size: 862 sq ft
5. $565,000 : 8360 Greensboro Dr #301, Mclean
   
   3 beds, 3 full baths

   Home size: 1,780 sq ft
6. $385,000 : 2230 George C Marshall Dr #1218, Falls Church
   
   2 beds, 2 full baths

   Home size: 1,089 sq ft
7. $839,000 : 7992 Reserve Way, Vienna
   
   4 beds, 3 full, 2 part baths

   Lot size: 1,521 sqft
8. $299,988 : 2230 George C Marshall Dr #401, Falls Church
   
   1 bed, 1 full bath

   Home size: 792 sq ft
9. $584,990 : 2210 Mclean Park Rd, Falls Church
   
   3 beds, 3 full baths

   Home size: 1,560 sq ft

   Lot size: 2,281 sqft
10. $595,000 : 2301 Morgan Ln, Falls Church
    
    0 beds, 0 baths

    Lot size: 1.37 ac

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Great Gates of McLean Condo For Sale (sold)

We just listed this wonderful 1st level Chelsea model at the Gates of McLean . The unit has  laminate floors and upgraded ceramic tile in the kitchen, foyer and bathroom. Community amenities include gated access, contol access building, wonderful outdoor swimming pool, gym, playground, theater etc. Walk to future McLean Silver Line Metro stop.

The community is gated and has well kept grounds.  The Gates of McLean consists of multiple buildings of two styles: mid-rise and garden. The mid-rise style has controlled building access, heated hallways and underground parking available (does not come with all units.) The garden-style has open hallways and there is surface parking only. There are numerous 1, 2 and 3 bedroom models available. All the units have an open floor plan with open kitchens and they typically come with a full-size washer and dryer.

Please check out our video for the property:
[youtube]http://www.youtube.com/watch?v=V2EVrIC_060[/youtube]

This home has been sold.

Great 3br Rental in Pimmit Hills – $2,000/month (RENTED)

Wonderful expanded and updated rambler in Pimmit Hills. Minutes from Tysons and shopping. Large yard and patio overlooking wooded area. Updated throughout with a newer kitchen, appliances – great place to call home. Home has been expanded and is larger than the typical Pimmit Hills home with expanded living room and an added family room. PICTURES ARE FROM BEFORE CURRENT TENANT!!!

This home has been rented.

Prices Flat at the Fountains at McLean in Tysons Corner

Tysons Corner is bustling these days with the completed HOT Lane, Silver Line metro nearing completion and the Tysons West and Walmart. Many new communities will now be within walking distance to the metro for the first time – Fountains at McLean is one of them.

The number of sales in 2012 were slightly up from 2011 at the Fountains at McLean.

The prices are still struggling to recover from the high in 2005. While prices have been pretty stable from 2008/2009 they have not been able to appreciate yet. The average price for a 1-bedroom at the Fountains at McLean remains in the low $200′s (up from 2011 but within the typical range from the last few years.) The average 2-bedroom price went up a little bit but the average 2 bedroom price has been remarkably stable the last few years.

The average rent keeps going up at the Fountains at McLean.

The sales mix seems to have improved from last year with just two short sales and no foreclosures. 

A continuing concern at the Fountains is that the investor ratio has been high (number of non-owner occupants.) Lenders are hesitant to give loans in developments where this rate is too high (generally 50% and over.) It seems to now have reached a level where purchasers typically need a 20% down payment to qualify for a mortgage. FHA loans with 3.5% down-payment seems to be unavailable in the community at this time.

UPDATE 3/1/2013: as the commenter below mentions, the demand for condominiums in Tysons Corner outweights the supply by far these days. This includes units at the Fountains at McLean. Units listed usually sell in a few days and with multiple offers. Hopefully this will result in a steady price appreciation of units for 2013. In 2013 a couple of 1br units have sold – one at $238k and one at $265k (that had something like 8 offers on it.)  In 2012 the minimum price was $210,000 and the maximum sold price was $240,000, with an average of $218,889. While that is up from 2011 it is pretty much in line with 2010 prices.

The Fountains at McLean is a great neighborhood with reasonable prices that would make a wonderful home. If you would like to discuss selling or purchasing (5 Reasons We Rock For Buyers!), please give us a call at 703 560-3424 or contact us.

Pimmit Hills still a Great Value in Tysons Corner!

Real estate in the Pimmit Hills subdivision in Falls Church did well in 2012. 47 homes sold in the MRIS in 2012 with a high demand for homes. Like in the past, any home listed in the $300s sell very quickly. Not a surprise – where else would you get a single family home on a quarter acre lot minutes from Tysons Corner at that price?

The number of foreclosures and short sales in the community keep going down – last year  so there were 4 foreclosures and no short sales – a decrease from 2011 by more than 50% in distressed sales.

Prices in the neighborhood have stabilized and there is great construction activity throughout Pimmit Hills. Every other day it seems an old home is torn down to make room for a new one. 

6 homes are available for sale in Pimmit Hills as of today. The lowest priced one is a 3br/2ba listed at $419,777 and the highest is priced is a 5br/4ba at $940,000. All of those properties are regular resales. You can see what is currently for sale in Pimmit Hills here.

To get a better understanding of the overall price level in the neighborhood we need to compare apples to apples. I have therefore tracked sales of the 884 sq/ft 3br/1ba 1 level ramblers in the neighborhood over the last 14 years. We have tried to exclude homes with rear extensions, basements, attached garages and so on but we don’t account for interior condition etc.

Our “similar home average” makes it much easier to see what the price trend is in the neighborhood. Otherwise the mix of homes sold would continuously skewing the min, max and average sales price.

As you can see from the above graph the prices in Pimmit Hills have been pretty stable since 2009. The Tysons Corner area is seeing a great transformation and Pimmit Hills will continue to be the best deal for single family homes in the area.

After a dip in rentals for 2011 the number of rentals are back to normal in 2012. 40 homes rented in 2012, 18 in 2011 and 41 in 2010.  The rents are back to its general upwards curve but down from 2011 (likely due to the limited data set and number of rentals that year.)

For investors the GRM has been getting better and better since 2005. As the prices stopped going down in 2010 the rents have started creeping up. That has kept making the Gross Rent Multiplier more attractive almost every year since 2005. Investors are buying in the neighborhood – especially foreclosures and tear-downs.

Pimmit Hills is a great neighborhood in a fantastic location. Interest rates and prices are both still low. If you would like to discuss selling or purchasing in Pimmit Hills please give us a call at 703 560-3424 or contact us online.

Are Andresen
Broker, Soldsense Realty LLC
“Your sixth sense in real estate”

Disclaimer: The data above is not guaranteed in any way and may contain errors and omissions and is based on MRIS data only. The analysis is my opinion only – always do your own research.

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.

The worst seem to be behind us in Fairfax County. In 2009 a whole 34% of sales in Fairfax County were distressed. The percentage has decreased ever since and this year it seems that we may end up with a proportion of distressed sales at half that (about 17%.)

More regular sales, strong labor market and low inventory would normally mean rising prices. While prices are inching upwards in many places, reluctant and conservative appraisers are keeping a lid on rapid appreciation in many communities. Some will say that is a good thing after what happened during the boom years.

If you are looking to buy a foreclosure there are still plenty of great deals to be had. Please call us at 703 560-3424 anytime to talk or contact us.

Gates of McLean for Sale – prices are going up!

The sales prices at the Gates of McLean continued their upward trend in 2012. With the new Silver Line McLean Metro stop scheduled for completion in December 2013 the community desirability is great and the community remains very popular with homeowners and investors. One of our 1 bedroom listings at the Gates of McLean had 6 offers – almost all above asking price and 5 out of 6 were by investors. It ended up selling for above the asking price. It is clear that people believe there will be price and rent appreciation in the Tysons Corner area with all the new development (apart from the metro station.)

There were 24 homes sold in 2010 and 22 homes sold in 2011. In 2012 24 homes sold. The average sales price increased by $5,000-$10,000 for most of the models.

The number of distressed sales has kept pretty stable. In 2009 about 40% of the sales were foreclosures or short sales. In 2012 we are down to less than half of that (4 out of the 24 sales were a short sale or a foreclosure.)

If you have negative equity in your home and you are considering a short-sale or a foreclosure (or you just don’t know what to do), please contact us. We have successfully closed short sales at the Gates of McLean and will be happy to talk to you.

To get a better understanding of the overall price trend at the Gates of McLean we will first look at some specific models. The Danielle model (1br), Dalton model (2br) and the Christine model (3br) are three popular models that usually have at least a few sales every year. I put together a graph showing sales of those models below.

Prices held up well in 2012. The average sales price trended downwards until the 2008-2009 – then the prices stabilized and started to increase slowly again. Based on our experience at the Gates of McLean, multiple offers is commonplace and getting a high offer price is not usually a problem. The things holding back the prices are conservative appraisals and the limited financing options available.

The limited financing is caused by the high investor ratio at the Gates of McLean. Due to the number of rental units, finding a lender to finance a purchase often proves challenging (with many demanding a 20% or higher down payment.) Requiring that amount of down payment eliminates a lot of first time purchasers that would normally use FHA loans(that requires only a 3.5% down payment.)

The number of units renting each year is on the rise still. in 2012 there were 67 homes rented out trhough the MRIS. That is 20% more units than in 2011. Despite the increased supply the rents keep increasing. As mentioned earlier, the high proportion of rentals makes it difficult to obtain financing for owner occupants with anything less than a 20% downpayment.

No homes are currently available for sale at the Gates of McLean. This changes daily, so click here to see what is currently available at the Gates of McLean for sale.

Gates of McLean is a great neighborhood and the prices are on the rise. With the metro coming soon, the Gates of McLean is just getting better and better! If you would like to discuss selling or purchasing at the Gates of McLean please give us a call at 703 560-3424 or contact us.

Jones Branch Connector Planned for Scotts Crossing

If you live at the Gates of McLean you may or may not have heard of the new road ramp being planned right outside the community. The ramp will connect Scotts Crossing Road to Jones Branch on the other side of I-495. The connector will create an alternative route across the beltway and also connect to the new HOT lanes.

The new access point will help traffic flow in the area and also create alternate access to the three new developments planned in the immediate area (not including the one by Safeway at the Commons.)

The new ramp will also impact the main and side entry to the Gates of McLean. The ramp will be built in front of building 1521 approximately where Scotts Crossing currently is and will gradually increase in height to 21 feet at the west end of the building (about the third floor.) There is a setback from the building for landscaping and a fire lane – but the view and noise levels will be impacted (see below.)

Cross section of ramp at west side of building 1521 at the Gates of McLean. There will obviously be cars on the ramp to the left - they somehow forgot to put that on there... From handout at Jones Branch Connector Gates of McLean Residents Meeting 02/22/2012.

Fairfax County currently has out a “Fairfax County Dept. of Transportation Request for Qualifications for Final Design of The Jones Branch Connector” (wow, that is a mouthful…) Final Design Completion is planned for Fall 2015.  In exisitence already is a “30% plan” that was updated on 1/18/2013.

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.

The planned project will work nicely together with the two other projects planned nearby at the Scotts Run  Stream Valley Park. Together those projects should make the overall area a place to hang out also after business hours and will benefit developements like the Gates of McLean, The Westerlies, Morgan at McLean, The Colonies and Encore. If you are interested in this “soon to be hotter” area, please contact us.

The overall development is part of the plans to transform Tysons Corner into a green, walkable urban center over the next 30 years.

Ash Grove Historic Site and park in Tysons Corner

After writing about the old graveyard on Colonel Lindsay’s old estate in the Idylwood area I thought of another interesting local site in Tysons Corner. That is the 12.3 acre Ash Grove historic Site in Tysons Corner.

The original home on Ash Grove was built about 1790 by Bryan Fairfax for his son Thomas Fairfax (the Ninth Lord Fairfax.) The original site was 5000 acres that, in addition to the manor house, had a farm and a manor house. Ash Grove was sold to the Sherman family shortly before the civil war and remained with them until the 1960′s. The manor burned down in the 60′s and was rebuilt.

Ash Grove was dedicated to the Fairfax County Park Authority in 1997 as part of the development of Tyson’s Village. The historic main house and outbuildings are located out of the floodplain while the majority of the property is in the floodplain along Old Courthouse Spring Branch Stream Valley. today a park.  The structures are not currently open to the public but there are plans to open it for special events in the future.

Ash Grove is located off Rt 7 behind the new Walmart being built at the Tysons West site and the new silver line metro has added a stop nearby. It is bordered by a condominium and townhome community called Westwood Village.

For more information about Ash Grove, Fairfax County has a very nice publication from 2000.

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.

The Walmart is part of Phase 1 of the Tysons West development. The area between the Walmart and Rt-7 has been scheduled to be developed as well as part of a Phase 2/3 development.

Developments that will benefit from this development include Fountains at McLean, Rotonda and Westwood Village. All are great communities – please contact us if you would like more information on any of those.