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by ARLnow.com Sponsor — November 23, 2016 at 6:00 am 0

Just Reduced banner

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.arlingtonrealtyinc.com or calling 703-836-6116 today!

Please note: While Aaron Seekford provides this information for the community, he is not the listing agent of these homes.

A HAPPY THANKSGIVING to all of the “Just Reduced” readers out there. From my team to you and yours, I hope you enjoy your holiday. And I also hope you’re saving up a nice appetite for whatever meal(s) await!

One of my favorite parts about this time of year is the quality time that I get to spend with loved ones. Sure, my wife, kids and I travel throughout the VA/DC/MD area visiting our closest family and friends. But, we also love having so many folks over to our beautiful home in Arlington County.

It’s an honor to host those who have made such a positive impact on us.

If you’re looking for your very own home in Arlington County, I’m always here for you. In the meantime though, I hope your Thanksgiving 2016 makes for some amazing memories.

As of November 21, there are 195 detached homes, 41 townhouses and 270 apartments for sale throughout Arlington County. In total, 41 homes experienced a price reduction in the past week.

Here is this week’s selection of Just Reduced properties:

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Aaron Seekford.

by ARLnow.com — November 18, 2016 at 2:30 pm 0

Searching for a new home in Arlington? You’ll be able to find plenty of options this weekend.

Visit our real estate section for a full listing of open houses this weekend. Here are a few highlights:

5314 8TH ROAD SOUTH5314 8th Road South
1 Bed/1 Bath Condo
Agent: Kathleen Fong
Listed: $168,830
Open: Sunday 2-4 p.m.

 

2400 CLARENDON BOULEVARD2400 Clarendon Boulevard
2 Bed/1.5 Bath Condo
Agent: Ronald Cathell
Listed: $439,888
Open: Saturday 1-4 p.m.

 

5436 N CARLIN SPRINGS ROAD5436 Carlin Spring Road North
3 Bed/2 Bath Single-Family Detached
Agent: Megan McMorrow
Listed: $719,000
Open: Sunday 1-3 p.m.

 

1418 RHODES STREET NORTH1418 Rhodes Street North
2 Bed/2.5 Bath Townhouse
Agent: Daniel Lesniak
Listed: $824,900
Open: Sunday 2-4 p.m.

 

414 GARFIELD STREET NORTH414 Garfield Street North
2 Bed/2 Bath Single-Family Detached
Agent: Natalie Roy
Listed: $849,000
Open: Saturday 1-3:30 p.m.

 

2834 HARRISON STREET NORTH2834 Harrison Street North
5 Bed/4.5 Bath Single-Family Detached
Agent: Keri O’Sullivan
Listed: $1,599,000
Open: Sunday 1-4 p.m.

 

Real estate agents, if you don’t see your listings in our real estate section shoot us an email and we’ll let you know what your office needs to do to get listed.

by ARLnow.com Sponsor — November 18, 2016 at 11:00 am 0

608 N. Vermont Street
Neighborhood: Ballston
Listing Price: $1,700,000
Open House: Sunday, November 20 from 2-4 p.m.

In the newest Northern Virginia hotspot of Ballston, a new construction home will be built by Brett Roman and Arlington Construction Management just a few blocks away from the new Ballston Quarter mall and Metro station, giving buyers the unique opportunity to own a large home right in the heart of the hottest local neighborhood.

The home, at 608 N. Vermont, will be upwards of 5,000 square feet on three sprawling levels with five bedrooms and five baths on a half acre lot with a detached garage.

The home will boast luxury finishes and fixtures, including hardwood floors throughout, 10-foot ceilings on the main level, granite countertops, and built-in bookcases. The large gourmet kitchen features a butlers pantry and buyers have the option of requesting a loft for even more storage space. The main level also includes private office space. The grand master bedroom includes two spacious walk-in closets, a luxurious bathroom, and a private balcony.

The home will be finished by summer 2017, leaving potential buyers plenty of time to customize the home to their preferences. For even more information regarding this exciting new construction home, check out the Zillow listing and take a virtual tour.

More information about the property can be found here. Tour the model on Sunday at 2513 11th St. N., Arlington, VA 22201. Please contact Dan with the Orange Line Living Team and Optime Realty at [email protected] or call (571) 969-7653.

by ARLnow.com Sponsor — November 18, 2016 at 6:00 am 0

Just Listed banner

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

Whether caused by the surprising election results or by some other factors, home owners decided it’s finally time to sell their homes.

New listings jumped up to 50 this week, the most in five weeks. While that’s good news for buyers, the bad news is that interest rates also shot up this week. Before the election, rates were about 3.6% for a 30-yr fixed rate. Today, ten days later, the rates are 4% and expected to continue climbing.

Buyers this week ratified 58 contracts outpacing new listings again. The pressure on available inventory was evident this week as seven of the homes sold had been on the market for over 200 days. Two of those had been on the market for over 500 days. This raised the average days on market in Arlington to 83.

Home values are a tale of two markets in Arlington. Year to date, the average price of a condo has declined 3.68% over the same period as last year. Single family detached homes, however, have increased in value by 2.48%, according to data from RBI, the statistical division of MRIS.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

by ARLnow.com Sponsor — November 16, 2016 at 6:00 am 0

Just Reduced banner

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.arlingtonrealtyinc.com or calling 703-836-6116 today!

Please note: While Aaron Seekford provides this information for the community, he is not the listing agent of these homes.

We’re well in to year two of “Just Reduced” and there’s one thing I’ve particularly enjoyed about having this column: The conversations we’re having.

Sure, there are always ways to make anything and everything better. But most importantly, we’ve started a nice dialogue on how to GET MORE out of a real estate transaction.

And, I’m not only hearing from prospective homebuyers wanting to save precious dough… I’m hearing from fellow agents in Arlington as well. In addition to the “Just Reduced” properties that I source on a weekly basis, you all have kept some stellar bargains on my radar. And many of these bargains have made it on our shortlist over the months.

So, on that note, let’s keep the dialogue going and… thank you!

As of November 14, there are 208 detached homes, 48 townhouses and 282 apartments for sale throughout Arlington County. In total, 38 homes experienced a price reduction in the past week.

Here is this week’s selection of Just Reduced properties:

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Aaron Seekford.

by ARLnow.com — November 11, 2016 at 1:15 pm 0

Looking for a new home? Arlington has several options to consider this weekend.

Check out our real estate section for a full listing of open houses this weekend. Here are a few highlights:

4715 31st Street South4715 31st Street South
2 Bed/1 Bath Condo
Agent: Kamal Khan
Listed: $369,900
Open: Saturday 1-4 p.m.

 

2632 Kenmore Court South2632 Kenmore Court South
3 Bed/3.5 Bath Townhouse
Agent: Peggy Parker
Listed: $729,900
Open: Sunday 1-4 p.m.

 

2001 15th Street North2001 15th Street North
3 Bed/2.5 Bath Condo
Agent: David Cabo
Listed: $849,000
Open: Sunday 12-3 p.m.

 

709 Kensington Street North709 Kensington Street North
5 Bed/3.5 Bath Single-Family Detached
Agent: Ann Wilson
Listed: $1,249,000
Open: Sunday 1-3 p.m.

 

2805 Lexington Street North2805 Lexington Street North
6 Bed/5.5 Bath Single-Family Detached
Agent: Michael Albrittain
Listed: $1,650,000
Open: Sunday 1-4 p.m.

 

3722 Wakefield Street North3722 Wakefield Street North
5 Bed/5.5 Bath Single-Family Detached
Agent: Leonid Sagatov
Listed: $2,100,000
Open: Friday 6:30-8:30 p.m.

 

Real estate agents, if you don’t see your listings in our real estate section shoot us an email and we’ll let you know what your office needs to do to get listed.

by ARLnow.com Sponsor — November 11, 2016 at 10:15 am 0

Just Listed banner

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

It’s over. America’s torment enduring 16 months of nasty negative campaign media bombardment is over. It’s time to move on, and Arlington’s home buyers have done that by ratifying 50 contracts this week.

That record outpaces sellers once again who put only 42 homes on the market this week. At this pitiful rate of new listings and ratified contracts, Arlington has only 2.75 months of inventory. It’s still a strong sellers’ market. Available single family homes are so scarce that properties that have been on the market 8-9 months sold this week, without recent price reductions. This pushed the average days on market up to 66.

A note of caution if you start to see media reports that Arlington’s average sales price has gone down since last year. Statistically that’s true, and that’s because the ratio of single family homes sold to condo sales has dropped significantly. Average condo prices are much lower than single family prices, and so the greater number of condo sales has pulled down the overall average for all home sales in Arlington.

So don’t panic. Single family homes and townhome values have gone up since last year. More on that later.

Note coming soon: 1) a 3BR single family home in zip 22201; 2) a 2BR condo in Clarendon. Call for more information.

Meanwhile, interest rates spiked this week on the surprising election news. The 30-yr fixed rate jumped 5-25 basis points in a still volatile environment ending today at 3.65%-3.85%.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

by ARLnow.com Sponsor — November 9, 2016 at 8:30 am 0

Just Reduced banner

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.arlingtonrealtyinc.com or calling 703-836-6116 today!

Please note: While Aaron Seekford provides this information for the community, he is not the listing agent of these homes.

Well, wasn’t that a fun election?

Fortunately we won’t have to do that for another four years. And fortunately, not every decision in life has to be a difficult one.

When it comes to deciding on a place to call home, you’re already off to a great start by zooming in on Arlington County. Our area has been a rock — in terms of housing — where other markets have been a bit shakier.

A big reason for the steadiness is our area’s low unemployment rates, comparatively high salaries and award-winning public school system, among other items. Oh, and of course we’re a stone’s throw from our nation’s capital, our culinary scene is magnificent and there is shopping galore.

So, when you’re ready to cast your vote on a place to live — whether it’s a single-family home, townhouse or apartment — I’m ready to help you GET MORE out of your purchase.

As of November 7, there are 210 detached homes, 44 townhouses and 287 apartments for sale throughout Arlington County. In total, 48 homes experienced a price reduction in the past week.

Here is this week’s selection of Just Reduced properties:

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Aaron Seekford.

by ARLnow.com — November 8, 2016 at 9:30 am 0

Residents preparing to canvass for Hillary Clinton (Flickr pool photo by Wolfkann)

Election Security in Arlington — Arlington County Police are on alert for election-related incidents, with additional officers on duty today, though there’s no recent history of election violence or fraud. “We haven’t had any issues of Election Day fraud in Arlington,” says the county’s top election official. [NBC 4]

DMV Opening Date Delayed — The opening of the new Dept. of Motor Vehicles office in Virginia Square has been delayed until Wednesday. [ARLnow]

Sheriff to Receive Bar Association Award — On Nov. 15, Arlington Sheriff Beth Arthur will receive the Arlington County Bar Foundation’s William L. Winston Award. The award “is presented to a prominent member of the Northern Virginia legal community for a record of public service distinguished by efforts to advance the principles of enlightenment, knowledge and education in the American system of jurisprudence, as well as to promote democratic ideals and advance the rule of law.” [Arlington County]

Real Estate Firms Collecting Food, Clothes — Ahead of what may be a cold and snowy winter, 13 Arlington real estate firms have joined forces to collect clothing and food donations for the Arlington Food Assistance Center and the Arlington Street People’s Assistance Network. [Press Release]

Flickr pool photo by Wolfkann

by ARLnow.com Sponsor — November 4, 2016 at 3:45 pm 0

This is a rare chance to tour a luxury model home to be built in Lyon Village and Ballston.

Tour the model at 2513 11th Street N. in Arlington on Sunday, November 6 from 2-4 p.m.

You can also tour available plots in Ballston at 608 N. Vermont Street and in Lyon Village at 1728 N. Barton Street. For more information visit the website of real estate agent Keri Shull or call 703-436-2191.

Here are more details about the plots:

Lyon Village

1728 BARTON STREET
ARLINGTON, VA 22201

New construction home on a corner lot in the heart of Lyon Village. This craftsman inspired home offers nearly 5,000 square feet on 4 expansive levels. All finishes, fixtures and features are completely customizable to your desired selection. The master bedroom suite has a private balcony, luxurious bathroom and two large walk in closets. The home features gleaming hardwood floors throughout, 10 ft. ceilings throughout the main level, a gourmet kitchen with butler pantry and a private office. The exterior features a covered porch & two car garage. Start customizing your home now to move in Spring or Summer 2017.

Ballston

616 VERMONT STREET
ARLINGTON, VA 22203

608 VERMONT STREET
ARLINGTON, VA 22203

Rare enclave of three (one just went under contract) new construction homes available in the highly desirable location of Ballston. Just a short walk to the new Ballston Urban Center and Metro. These homes will be over 5,000 square feet on 3 expansive levels with luxury finishes & fixtures. The master bedroom suite has a private balcony, luxurious bathroom and two large walk in closets. The home features gleaming hardwood floors throughout, 10 ft. ceilings throughout the main level, a gourmet kitchen with butler pantry and a private office. There is the option to build a loft and options for a loft over the detached garage. Start customizing your home now to move in Spring or Summer 2017.

The preceding post was written and sponsored by Orange Line Living

by ARLnow.com — November 4, 2016 at 12:00 pm 0

Searching for a new home in Arlington? You’ll be able to find plenty of options this weekend.

Visit our real estate section for a full listing of open houses this weekend. Here are a few highlights:

4360 Lee Highway4360 Lee Highway
1 Bed/1 Bath Condo
Agent: Leslie Mitchell
Listed: $259,900
Open: Sunday 1-4 p.m.

 

4725 31st St4725 31st Street South
2 Bed/2 Bath Townhouse
Agent: Robert Allen
Listed: $459,000
Open: Sunday 1-4 p.m.

 

AR9766652 - Elegant spaces bathed in bright natural sunlight1600 North Oak Street
2 Bed/2 Bath Condo
Agent: James Connolly
Listed: $699,000
Open: Sunday 1-3 p.m.

 

5436 Carlin Springs 5436 Carlin Springs Road
3 Bed/2 Bath Single-Family Detached
Agent: Megan McMorrow
Listed: $719,000
Open: Sunday 1-4 p.m.

 

1610 Queen St1610 Queen Street North
2 Bed/2 Bath Townhouse
Agent: Matthew Shepard
Listed: $990,000
Open: Saturday 1-4 p.m.

 

2818 Jefferson St2818 North Jefferson Street
4 Bed/4.5 Bath Single-Family Detached
Agent: Nancy Broyhill
Listed: $1,375,000
Open: Sunday 1-4 p.m.

 

Real estate agents, if you don’t see your listings in our real estate section shoot us an email and we’ll let you know what your office needs to do to get listed.

by ARLnow.com Sponsor — November 2, 2016 at 6:00 am 0

Just Reduced banner

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.MrArlington.com or calling 703-836-6116 today!

Please note: While Aaron Seekford provides this information for the community, he is not the listing agent of these homes.

Oh hello there, November. It’s that time of year where all of the leaves are falling (if they haven’t already).

And, they’re not the only things that are falling – just take a look at this week’s list of “Just Reduced” properties. No time of the year is immune to a stellar bargain.

In addition to keeping an eye out for a good deal, it’s also the time to start thinking of all the dough you’ll be saving tax-wise by owning your own home. Mortgage deductions, closing cost deductions, property tax deductions – they are only the beginning!

Sure November can seem a little slow all around (particularly after a Thanksgiving meal). But, it’s never a bad time to get moving on the benefits of homeownership.

As of October 31, there are 214 detached homes, 51 townhouses and 298 apartments for sale throughout Arlington County. In total, 49 homes experienced a price reduction in the past week.

Here is this week’s selection of Just Reduced properties:

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Aaron Seekford.

by ARLnow.com — October 31, 2016 at 4:40 pm 0

Vornado Realty TrustVornado, Arlington County’s biggest private landowner — with major collections of properties in Crystal City and Rosslyn — announced today that it is spinning off and merging its D.C. area operations with Chevy Chase, Md.-based JBG Companies.

The combined company would have both office and residential properties throughout Crystal City, Pentagon City and the Rosslyn-Ballston corridor. Among JBG’s properties in Arlington are the under-construction Central Place project in Rosslyn and the iconic “Bob Peck” office building at 800 N. Glebe Road in Ballston.

In 2014, Vornado’s properties in Arlington were assessed at $3.8 billion, or 5.7 percent of the total assessed value of all property in the county, according to the Washington Business Journal. JBG’s properties in Arlington were assessed at $1.31 billion.

From a press release, issued late this afternoon:

VORNADO REALTY TRUST (NYSE:VNO) (“Vornado”) announced today that its Board of Trustees has approved a tax-free spin-off of its Washington, DC business, currently known as Vornado/Charles E. Smith, and that it has entered into a definitive agreement to merge SpinCo with the operating company and certain select assets of The JBG Companies (“JBG”), a leading Washington, DC real estate company.

The combined company will be named JBG SMITH Properties. It will be the largest, market-leading, best-in-class, pure-play Washington, DC real estate company. This transaction represents a key milestone in Vornado’s value creation strategy which will have produced three world-class, highly focused REITs – Vornado itself (RemainCo), Urban Edge Properties, and now, JBG SMITH. Each of these companies has a highly focused
management team, unique assets, and a clearly defined mission.

About JBG SMITH

  • Vornado shareholders are expected to own approximately 74% of the combined company, JBG limited partners are expected to own approximately 20%, and JBG management is expected to own approximately 6% (all percentages subject to closing adjustments).
  • JBG SMITH will be led by JBG’s senior management team which has a proven track record of superior execution in the Washington, DC market over the long term and through numerous cycles.
  • The combined company’s portfolio will consist of 50 office properties totaling approximately 11.8 million square feet, 18 multifamily properties with 4,451 residential units, and 11 other properties totaling approximately 0.7 million square feet. These assets are located in premier submarkets within the Washington, DC metropolitan area, concentrated in Downtown District of Columbia, Crystal City and Pentagon City, the Rosslyn-Ballston Corridor, Reston, and Bethesda.
  • Importantly, JBG SMITH will have a pipeline of projects under construction and land for future development that could add over 20 million square feet to the portfolio, positioning the company for strong growth and attractive shareholder returns.
  • JBG SMITH will be the largest landlord to the U.S. Government in the nation’s capital.
  • The Company will be well capitalized, have substantial liquidity and a strong balance sheet.
  • The combination is expected to result in approximately $35 million of synergies producing an overhead structure in line with best-in-class peers.
  • The new company will continue to manage the JBG funds’ assets that are not being contributed for customary fees. The company will not raise new investment funds. JBG SMITH Board and Management
  • JBG SMITH’s Board of Trustees will consist of twelve members, a majority of whom will be independent. Vornado and JBG will each designate six trustees.
  • Steven Roth, Vornado’s Chairman and Chief Executive Officer, will be Chairman of the Board.
  • W. Matt Kelly, a Managing Partner of JBG, will be Chief Executive Officer of JBG SMITH and a member of the Board.
  • Rob Stewart, a Managing Partner of JBG, will be Executive Vice Chairman of the Board.
  • The Board will also include seven independent trustees including Alan Forman of the Yale University Investments Office, JBG’s largest investor.
  • Michael Glosserman, a Managing Partner of JBG, will also join the Board, as will Mitchell Schear, current President of Vornado/Charles E. Smith.
  • From JBG, David Paul will be President and Chief Operating Officer, James Iker will be Chief Investment Officer, and Brian Coulter and Kai Reynolds will be Co-Chief Development Officers.
  • From Vornado/Charles E. Smith, Mitchell Schear will be a member of the Executive Committee, Patrick Tyrrell will be Chief Administrative Officer, Jim Creedon will be Executive Vice President responsible for Office Leasing, and Laurie Kramer will be Executive Vice President focused on integration of the teams.
  • The new company will look outside for a Chief Financial Officer and intends to have that individual in place before the close of the transaction.
  • The new company will integrate the best talent from each of Vornado/Charles E. Smith and JBG.
  • Vornado will provide transition services to JBG SMITH, in areas such as IT, tax and SEC reporting for an interim period.

by ARLnow.com — October 31, 2016 at 9:10 am 0

Dog dressed as a pumpkin (Flickr pool photo by Joseph Gruber)

Arlington Residents Place in MCM — A pair of athletes from Arlington placed at the 41st Marine Corps Marathon on Sunday. Desta Morkama, an Ethiopian who’s living and training in Arlington while seeking asylum, was the second-place male finisher, bested only by Army Medic Spc. Samuel Kosgei. Nicole Irving, a 24-year-old Arlington placed third among the women. Perry Shoemaker of Vienna placed first while Army Capt. Meghan Curran captured second. [Stars and Stripes, Run Washington, Run Washington]

Investor Bets Big on Ballston Real Estate — Perseus Realty has purchased the Ballston Metro Center building, betting that “the planned remake of the Ballston Common Mall, among other projects, bodes well for the neighborhood.” [Washington Business Journal]

Metro Budget Would Slash Jobs, Increase Waits — Metro is considering a new budget that would plug a $300 million budget gap by slashing 1,000 jobs, increasing wait times between Metrorail trains and raising fares. [NBC Washington]

Write-In Candidates in Virginia — Sixteen write-in presidential candidates have filed the proper paperwork with the state to have their votes tallied. Note: InsideNova’s desktop site now shows two auto-play video ads simultaneously upon loading an article. Those with slower computers may wish to avoid the site. [InsideNova]

Flickr pool photo by Joseph Gruber

by ARLnow.com — October 28, 2016 at 12:35 pm 0

Looking for a new home? Arlington has several options to consider this weekend.

Check out our real estate section for a full listing of open houses this weekend. Here are a few highlights:

2912 13th Road SouthOpen House Oct 28
1 Bed/1 Bath Condo
Agent: David Lloyd
Listed: $245,000
Open: Sunday 1-4 p.m

 

1805 Crystal Drive SouthOpen House Oct 28
2 Bed/1 Bath Condo
Agent: Ann Wilson
Listed: $440,000
Open: Sunday 1-3 p.m

 

2 Manchester Street SouthOpen House Oct 28
4 Bed/3.5 Bath Townhouse
Agent: Carolyn Connell
Listed: $569,000
Open: Sunday 1-4 p.m

 

3911 9th Street SouthOpen House Oct 28
4 Bed/3 Bath Single-Family Detached
Agent: Rebecca Brown Nelson
Listed: $825,000
Open: Sunday 1-4 p.m

 

1110 A Stafford Street NorthOpen House Oct 28
4 Bed/3.5 Bath Townhouse
Agent: Ronald Cathell
Listed: $949,900
Open: Saturday 1-4 p.m

 

800 Barton Street NorthOpen House Oct 28
4 Bed/3.5 Bath Single-Family Detached
Agent: Megan Fass
Listed: $1,069,900
Open: Sunday 2-4 p.m

 

Real estate agents, if you don’t see your listings in our real estate section shoot us an email and we’ll let you know what your office needs to do to get listed.

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