5 Reasons You Need A Buyer Specialist

Thinking about buying? Our Buyer Specialists, Susan Archer & Ryan McKinstrie, break down the reasons you shouldn’t buy without them! My services are NO cost to you: The buyer agent’s fees are always paid for by the SELLER, and are … Continue reading

Condo Focus: The Continental at Ballston 2010

I showed a unit in The Continental over the weekend and was reminded how much I really like this building.  Situated at the “end” of the orange line corridor of North Arlington, it rises above all of the other buildings around it at 21 floors high!  It is 3 blocks from the metro, close to the Ballston mall, restaurants that align Fairfax Drive.  The building features an amazing 21st floor workout room with panoramic views North and East – the Rooftop deck is also where you’ll find a pool and sundeck – as well as a handful of penthouse units.

continental exterior

On the main floor you will find a beautifully appointed lobby with 24 hour concierge, a business center, plenty of lounge space as well as a theatre room that residents can reserve.

I have also always found that units are well priced and are nicely finished…  So far in 2010:

Continental Sales Stats 2010

As for now, there are 2 studio units on the market, 3 One bedroom units, 1 One-Bedroom/Den unit and 1 Two-Bedroom unit now with a handful under contract.

It’s a fantastic property, nicely appointed, reasonable condo fees and extremely convenient.  To learn more about purchasing a unit in The Continental, or if you are considering selling, please feel free to give me a call.

Happy Columbus Day!

Jennifer

Short Sales in Arlington on the Orange Line Metro

Ever wonder if we have any (or many) short sales to offer here in Arlington Virginia?  Well the answer is not many – I just ran a search to see how many condos could be found in the zip codes of 22201, 22209 or 22203 – primarily the Orange Line Metro corridor in North Arlington.  See below:

Not too many all things considered.  If you are an investor and have the time and patience to wait around for a short sale approval, give me a call – let’s do some business.  IF you are a buyer who wants to make a purchase as a place to live, it can be a frustrating process of waiting and in the end, the property  might just go to foreclosure – so I don’t recommend this as a process for the feint of heart – give me a call to discuss the pros and cons anytime!

Happy Wednesday!

Jennifer

Condo Focus – Hyde Park in the Ballston Neighborhood

I was contacted by a homeowner last night who owns a unit in Hyde Park and it reminded me what a great, often overlooked building this is.  Hyde Park was built in 1973 and was originally  apartments.  In 1980, the 322-unit complex was converted to condominium where units originally sold from around $30,000 to around $90,000.

There are 68 Studio units, approximately 138 1-bedroom units, 36 1-bedroom/den, 69 2-bedroom/2-bath and just 11 3bedroom units, one on each floor.  The units feature large balconies, super-sized floorplans, most have parquet floors.

Probably the few drawbacks I can see are that there are community laundry rooms, although they are outfitted with the latest and greatest front load, ultra efficient washers and dryers, and the washers are no charge – you only pay to dry – there are 2 laundry facilities on each floor.  Another drawback is that the condo fee is slightly higher here than in neighboring buildings – however, all utilities are covered, so that’s a plus!  The complex management is located on-site and there are businesses located on the main floor – so when you see a 1st floor unit, it’s actually on the 2nd floor (much like what you might see in Europe… only not!)

As for activity – there are currently NO units in this building for sale – there have only been 11 closed transactions year-to-date and 3 are currently under contract awaiting settlement.  The details are as follows:

1 studio sold for $196K
5 1br units have sold for a median price of $295K (see this article for a discussion on why MEDIAN is more accurate than average) and 2 are currently under contract
1 1br/den unit is under contract with a list price of $329K
3 2br/ba units have sold for a median price of $413K
1 3br/2ba unit sold for $445K

If you are considering the Ballston neighborhood and looking for a condo, I highly encourage you to take a look at Hyde Park – it’s a great building!  Of course, you have to wait until there are units active on the market – THUS, if you are a Hyde Park homeowner and considering selling your unit, now might be an excellent time – have you seen those interest rates lately?  Give me a call to get a plan in place to get yours sold quickly!

Happy Tuesday

Jennifer