real estate

News

Morning Notes

By ARLnow.com

Arlington Boy Hit and Killed by Car — An 8-year-old Arlington resident was struck and killed by a car while crossing an intersection in Chagrin Falls, Ohio — near Cleveland — on Saturday. Police say Eli Sachar, 8, died at the hospital. His mother and father were also struck by the car and injured. It’s unclear why the 62-year-old driver of the car didn’t stop for pedestrians; she was also transported to a local hospital. [Cleveland Plain Dealer, ABC 5 Cleveland]

Million Dollar Homes Now the Norm in Arlington — Of 222 homes on the market in Arlington late last month, 57 percent were priced above $1 million. Real estate agents say they’re aware of the trend of home prices increasingly exceeding the $1 million mark and “expect it to continue.” [InsideNova]

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Feature

Total Value of Arlington Homes: $43.4 Billion

By ARLnow.com

According to a report from real estate website Redfin, Bill Gates and Warren Buffett could individually, with their net worth, buy every single home in Arlington County.

There are 75,317 homes in Arlington with an aggregate value of $43.4 billion, the report says. Warren Buffett, with his $65.5 billion, or Bill Gates, with $78.4 billion, according to Forbes, could theoretically buy all the residential real estate there is to buy in Arlington.

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Sponsored

Home Listing: 851 N. Glebe Road #917 (Promoted)

Come home to The Continental (851 Glebe Road), one of the most amenity-rich condominium buildings in town.

You’ll love living in the heart of Ballston. Walk out the front door to a wide variety of restaurants, shopping and entertainment options. A Harris Teeter store, Kettler Capitals Iceplex and the soon-to-be redesigned Ballston mall and movie theater are all within a few short blocks.

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Sponsored

Home Listing: 3511 16th Street S.

With development along Columbia Pike and the growing popularity of Shirlington, the Douglas Park neighborhood is regarded as one of the premiere investments in Arlington real estate. Plus, it’s also being recognized as an ideal place to call home.

If you want a new house to call home in Douglas Park, look no further than 3511 16th Street S. This 4 bedroom, 4.5 bath home features two stories and a basement; an upper level master suite with walk-in closets and a soaking tub; a dream kitchen with a granite island and wine bridge; hardwood floors and new carpet; crown molding; a two-car detached garage; mature dogwood trees; and a stone patio and walkway.

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News

Morning Notes

By ARLnow.com

Lubber Run Neighbors Rally Against Housing Proposal — Those who live around the Lubber Run Community Center showed up to the Saturday Arlington County Board meeting to rally against a proposal to use the public land around the community center for affordable housing or a new school. The residents also asked the Board to approve a renovation to the community center. [Sun Gazette]

Board Approves Expanded ‘Technology Zones’ — The County Board on Saturday approved an expansion of its program of reduced business license taxes for technology businesses in certain “technology zones.” About 5-10 businesses per year are expected to qualify for the tax incentives. [Arlington County]

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News

Morning Notes

By ARLnow.com

False Alarm at Arlington National Cemetery — The Arlington County Fire Department responded to Arlington National Cemetery yesterday afternoon for a fire alarm. Once on scene, firefighters determined that the alarm was set off by the tomb guards steam pressing their uniforms. [Twitter]

Arlington Real Estate Market Profiled — CNBC’s “Power Lunch” program profiled the real estate market in Arlington last week. The program took a look at three properties in the county, from a $364,900 condo in Ballston to a $1,275,000 luxury townhouse in Rosslyn. [CNBC]

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News

County to Review Big Assessment Increases

By ARLnow.com

The county said Friday evening that it will take a look at “all commercial real property assessments with a 50% or greater increase from calendar year 2013.”

There are nearly 90 such properties, including Rien Tong restaurant (3131 Wilson Blvd), which saw its assessment increase 197 percent, and Spider Kelly’s (3171 Wilson Blvd), which saw its property valuation increase 83 percent.

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News

Assessments for Clarendon Restaurants Skyrocket

By ARLnow.com

Long-time businesses, which have not been renovated or sold recently, saw their assessments increase by double digit or even triple digit percentages. The rise in assessments could mean the owners will be forced to pay tens of thousands in additional county taxes this year, barring a successful appeal.

The biggest increase spotted by ARLnow.com was that of Rien Tong Restaurant (3131 Wilson Blvd). The Asian eatery, located across from the Clarendon Metro station, saw its assessment jump from $559,900 to $1,667,600, a nearly 200 percent increase that would result in an extra $12,528 in taxes.

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