Monday Properties, which is best known locally for being the predominant owner of office buildings in Rosslyn, is making its second recent purchase in the Shirlington area.
Monday, in a joint venture with London-based neo capital, is acquiring Shirlington Tower at 2900 S. Quincy Street. The nearly quarter-million square foot office building is mostly filled, with tenants like the U.S. Navy and the National Alcohol Beverage Control Association.
County Launching Race Conversations — “Today, Arlington County launched a new effort to address racial equity and disparities in our community. Called Dialogues on Race and Equity (DRE), the effort is part of the County’s broader commitment to racial equity… DRE will include a series of virtual community conversations with individuals, nonprofit organizations, civic associations, faith organizations, and businesses.” [Arlington County]
Local Nurses Hold Food Drive — “Nurses at the Virginia [Hospital] Center are going above and beyond to give back to the local community… Nurses launched the ‘Together We Can’ campaign where they collected canned goods. All together, they collected 10,000 cans and donated them directly to the food assistance center.” [WJLA]
This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email protected].
Question: How does home value appreciation vary in Arlington by property type?
Answer: The Arlington VA housing market has appreciated by an average price of 49% and a median price of 39% over a ten-year period, but that appreciation is not evenly distributed across all property types.
Detached Homes Appreciate Over 60%
Those who spend the most on a home benefit from the highest appreciation rates, with detached home appreciation of 60%+ over the course of a decade, and new detached homes appreciating the most of any property type, at 65%.
Condos Appreciate 1-2% Annually
The worst performing category over ten years in Arlington is the one-bedroom condo, with appreciation close to 1% annually and just 15% over ten years. Two-bedroom condos perform moderately better, with an average annual appreciation closer to 2% at 28% over ten years.
Townhouses are the Goldilocks Property Type
More expensive than condos and less expensive than detached homes, townhouse/semi-detached properties fall right in the middle of cost and ten-year rate of appreciation, coming in at 40% over ten years. (more…)
This monthly column comes from the Arlington Community Federal Credit Union as part of their mission to financially empower the community. Credit unions are not-for-profit member-owned cooperatives and anyone who lives, works, worships, volunteers, goes to school, or does business in Arlington, Falls Church, Alexandria, or Fairfax County is eligible to join ACFCU.*
Credit scores are a three-digit scoring system that financial institutions and other lenders use to determine whether you qualify for loans and what your interest rate will be.
Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that profiles Arlington-based startups, founders, and other local technology news. Monday Properties is proudly featuring Shirlington Gateway. The new 2800 Shirlington recently delivered a brand-new lobby and upgraded fitness center. Experience a prime location and enjoy being steps from Shirlington Village. Spec suites with bright open plans and modern finishes are under construction and will deliver soon!
(Updated on 10/13/20) Rosslyn-based tech company LiveSafe has been purchased by Tampa-based Vector Solutions.
Great music, scripture, and prayer mingle together in this ancient evening service as we celebrate Pride and the all-embracing love of God. Join us for this 45 minute service in the beautiful Saint George’s sanctuary. The prelude begins at 3:45 pm and the service is followed by a festive reception. Everyone is welcome at Saint George’s.
Shooting Near Arlington Border — An early Sunday morning shooting that could be heard in parts of south Arlington “happened along the 3800 block of South George Mason Drive at approximately 1:19 a.m., according to Fairfax County police. Police said when they arrived at the scene, they discovered bullet casings but no victims. Shortly after, Arlington County police stopped a vehicle along I-395 and found a victim who had been shot in the abdomen and was trying to drive to a hospital.” [WTOP]
Purple Lounge Loses Liquor License Again — “The Virginia Alcoholic Beverage Control Authority has temporarily suspended the alcohol licenses of the Purple Ethiopian Restaurant and Lounge, LLC after finding the establishment in violation of the terms imposed… on September 16, 2020. As a result of this action, the alcohol licenses of the Purple Lounge will remain suspended for a minimum of 10 days with reinstatement dependent upon approval by Virginia ABC.” [Arlington County]
This content was written and sponsored by The Keri Shull Team, Arlington’s top producing residential real estate team.
It’s perhaps the least-celebrated federal holiday at this point, but Columbus Day — also known as Indigenous Peoples’ Day — is still an off day for many.
After a long, pandemic summer, we’re giving our staff the day off, so ARLnow will be operating on a reduced publishing schedule on Monday. We trust that you’ll use the extra day for an even more substantive and civil discussion of local issues in the comments. 😉
Cooler fall weather has not stopped men from exposing themselves in Arlington.
The Arlington County Police Department has reported three indecent exposure incidents over a nearly 24 hour span from Wednesday morning to Thursday morning.
This sponsored column is written by Steve Quartell, beermonger at Arrowine (4508 Lee Highway). Sign up for the email newsletter and receive exclusive discounts and offers. Order from Arrowine’s expanding online store for curbside pickup.
Well folks. It’s been quite a ride.
