With interest rates at historic record lows, which we’re not likely to see again in our lifetime, I thought I’d show you a smattering of what a half million bucks will buy you around the Northern Virginia area – whether you’re interested in a condo in Arlington, a townhome in Vienna, perhaps a single family home… there’s something for everyone in this enticing price range!
First, let me say this – let’s look at some numbers – with a sales price of $500,000, 20% down makes the loan value $400,000. At a rate of 4%, the principal and interest (PI part of PITI) is a mere $1909! Can you say A-F-F-O-R-D-A-B-L-E???
You may choose a condo in Crystal City? There is currently a 4th floor unit in Crystal Gateway – 3 bedroom/2.5 bath with a remodeled kitchen: Price:
Or, perhaps you’d prefer a single family home – there’s a lovely split level home in the Alexandria neighborhood of Waynewood – 4 bedroom, 2.5 bath on a 1/4 acre lot – priced: $499,900
There’s a great Vienna townhome located at the Vienna metro – it’s a bank owned property/foreclosure – but with 4 bedrooms, 3.5 baths right at the metro it’s a super deal at $499,900
Perhaps you’d like a little more land? There’s a great single family in Kings Park West – 4bedroom, 2 bathroom in the Robinson High School district – $499,900
Or, maybe it’s home size you’re going for – in Ashburn, your $500,000 will buy you a stunning 5 bedroom, 4 bath single family home in the Courts of Ashburn.
There’s something for everyone at this amazingly low price!! If you’re thinking of buying, it’s a terrific time! Please give our team a call and let us help you along the path to your next (or first) home purchase!
Jen & Joan