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Arlington, VA Neighborhood Spotlight: Lyongate Townhomes December 4, 2009

Posted by Laura Schwartz in Arlington.
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A townhouse community located near Lyon Village and Clarendon, in Arlington, VA. Built in 1992, the community features 20 units, all with a garage – some with a 1-car, end units with 2-car garages – and driveways. Units also have a small “backyard” area, enclosed by a wooden fence, off the main floor.

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Condos Near the Clarendon Metro in Arlington, VA November 20, 2009

Posted by Laura Schwartz in Arlington.
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So you want to live near Clarendon in a condo, huh? Well here are your immediate options for condos in Clarendon:

Clarendon Condos1.  1021 Clarendon

2. Station Square

3. The Hartford

4. The Phoenix

These buildings are 1-3 blocks from the metro, and are the most centrally located. The Hartford is the only building of the 4 that does not have a pool, as it’s a smaller, boutique condo building.

There is a slew of other buildings that are under a half mile away from the Clarendon metro (and frankly, may be closer to the VA Square or Courthouse metro stations), but are walkable to Clarendon. They are:

1800 Wilson
Astoria
Cardinal House
Charleston Condo
Courthouse Hill
The Monroe
The Odyssey
Virginia Square
Wentworth Place
Williamsburg

If you’re interested in seeing price differences between these building, please call/text me at 703.283.6120 or email me!

Lyon Hall, New Restaurant Coming to Clarendon in April 2010 November 17, 2009

Posted by Laura Schwartz in Arlington.
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The owners of Liberty Tavern are at it again. Construction is currently going on in anticipation of the grand opening of Lyon Hall, a new restaurant coming to Clarendon in April 2010. The restaurant will be located on the ground floor of the commercial building of the Phoenix Condo at 3100 Washington Blvd, Arlington VA 22201 – located across the street from Mister Days, and just 1 block from the Clarendon Metro.

Lyon Hall will feature over 20 different beers on draft, and Eastern European cuisine, which will be overseen by the head chef at Liberty Tavern, Liam LaCivita. Their tag line is “casual neighborhood brasserie.”

The restaurant will be 3 levels, with private dining upstairs, an 18-seat bar, outdoor patio, and open kitchen in the basement.

In a recent conversation with one of the owners, Brian Normile, he mentioned their idea for the name came from being located between Lyon Park and Lyon Village.

Scheduled to be open for dinner from Tuesday – Saturday.

October 2009 Real Estate Market – Arlington, VA 22201 November 15, 2009

Posted by Laura Schwartz in Arlington.
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Clarendon Courthouse

The market in Arlington, VA 22201 is moving QUICKLY. Check out these stats:

Total Sales: 40
Sold in less than 30 days: 26 (65%)

Sold between 31 – 60 days: 4 (10%)
Sold between 61 – 90 days: 3 (7.5%)
Sold in over 91 days: 7 (17.5%)

Shows you the importance of pricing the property correctly. Research shows that a property has to be within 10% of the perceived market value, by buyers, for an offer to be made. If you price right correctly to begin with, you’re more likely to get more for the house, rather than chasing the market.

Some overall statistics for 22201:

1 Bedroom Condos                                 1 Bedroom with Den Condos

Average Sale Price: $324,708                      Average Sale Price: $371,438
Average Days on the Market: 30                  Average Days on the Market: 45
Median Days on the Market: 8                       Median Days on the Market: 42
Range: $241,350 – $437,000                       Range: $295,000 – $459,000

2 Bedroom Condos                                      Townhouse

Average Sale Price: $516,248                          Average Sale Price: $781,000
Average Days on the Market: 46                     Average Days on the Market: 43
Median Days on the Market: 33                       Median Days on the Market: 22
Range: $451,900 – $543,000                         Range: $570,000 – $1,000,000


Single Family House

Average Sale Price: $801,086
Average Days on the Market: 82
Median Days on the Market: 11
Range: $499,000 – $1,440,500

$8,000 First-Time Home Buyer and $6,500 Move-Up Buyer Tax Credit 2009-2010 November 15, 2009

Posted by Laura Schwartz in Arlington, First-Time Buyers, Keller Williams Realty.
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MoneyEnacted on November 7, 2009 – the $8,000 tax credit has been extended and expanded, and has added an additional $6,500 tax-credit for “move-up buyers.” Below is a synopsis of the new regulations:

First-Time Buyers

  • $8,000 Tax Credit
  • Must not have owned a principal residence for any part of the past 3 years
  • Income Restrictions:
    • Single: $125,000
    • Married: $225,000
    • For those who have incomes exceeding these, there will be a phase out or partial tax credit up to $20,000 above these limits
  • Maximum Sales Price: $800,000
  • Must have a ratified contract as of April 30, 2010, and close on or before June 30, 2010

Move-Up Buyers

  • $6,500 Tax Credit
  • Must have lived in the home sold or used it as primary residence consecutively for 5 of the previous 8 years
  • Income Restrictions
    • Single: $125,000
    • Married: $225,000
    • For those who have incomes exceeding these, there will be a phase out or partial tax credit up to $20,000 above these limits
  • Maximum Sales Price: $800,000
  • Must have a ratified contract as of April 30, 2010, and close on or before June 30, 2010

I think, personally, this may cause a stir in some parts of the country, but I fear some “move-up buyers” may price themselves out of qualifying in the DC Metro area. I wish I had a crystal ball, but we’ll have to see what the market tells us to measure how much activity this causes.

The National Association of Realtors(R) has prepared this handy chart with the information above.

What Is A Boutique Condo Building? November 5, 2009

Posted by Laura Schwartz in Arlington.
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Day after Day, as new condo buildings are being built in the Washington D.C. Metro area and nearby Arlington, VA, I read new descriptions that say “cozy boutique condo building.” But what does a “boutique condo building” really mean? Here’s my personal (i.e. others may have other viewpoints) definition:

Dictionary.com defines “boutique” as:

“1. a small shop or a small speciality department within a larger store

2. any small, exclusive business offering customized service

So how does that apply to real estate?

I tend to think of a Boutique building as a smaller building, with fewer than 100 units, under 5 floors. Sometimes they have a front desk, but often they don’t. They also usually have fewer amenities, as the feel/atmosphere of the building is much like a single-family home/personal residence; it tends to be a nice foyer/lobby and that’s it. Often times, this results in lower condo fees.

Examples of Arlington VA Boutique Condo Buildings:

1800 Wilson

The Berkeley Condo

Examples of Washington DC Boutique Condo Buildings:

Harvard Lofts in Columbia Heights

Adams Station in Adams Morgan

Of course, there are more than the few examples I listed above. Have questions? Feel free to contact me.

smallLJRGroupLaura J. Rubinchuk
Keller Williams Realty
703.283.6120
Laura@TheLJRGroup.com

Arlington, VA Neighborhood Spotlight: Milestone November 5, 2009

Posted by Laura Schwartz in Arlington.
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A 28-unit townhouse community located along S. Glebe, S. 22nd St, and Shirlington Road, Arlington, VA 22204. Units were built in 1993, have garages, and is located near the Army-Navy Country Club.

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Arlington, VA Neighborhood Spotlight: Madison Mews November 5, 2009

Posted by Laura Schwartz in Arlington.
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An enclave of 23 townhomes located along 6500 Washington Blvd, Arlington, VA 22205, near the East Falls Church metro. Units were built in 2004, and have 2 car garages.

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Arlington, VA Neighborhood Spotlight: Becket Glen November 3, 2009

Posted by Laura Schwartz in Arlington.
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A 14-unit townhouse community, built in 1980, located between 2000 and 2019 N. Brandywine Street, Arlington, VA 22207. Units range in size from 2,100 – 2,800 sq ft. Some units have a garage, while others have assigned parking.

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Arlington, VA Neighborhood Spotlight: Palisades Park November 3, 2009

Posted by Laura Schwartz in Arlington.
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A large townhouse community located along N. 21st Ct, N. 22nd St, N. Oak Ct, N. Pierce Ct, N. Scott St., Arlington, VA 22209 near Rosslyn. There are 133 units, built in 1995, between 1,700 – 2,500 sq ft. Some units have 2-car garages, while others have a 1-car garage. Units have decks.

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