Realty Insider Blog

Gates of McLean Sales Statistics 2008
January 13th, 2009 10:35 PM
Gates of McLean is located in McLean, Virginia. Located in Tysons Corner, it is ideally situated next to one of the major employment centers in the area. A new metro station is planned within walking distance.

The community is gated and has well kept grounds. There is a clubhouse, exercise room, pool, walking paths, a sports court and picnic areas. The Gates of McLean consists of multiple buildings of two styles: mid-rise and garden. The mid-rise style has controlled building access, heated hallways and underground parking available (does not come with all units.) The garden-style has open hallways and there is surface parking only. There are numerous 1, 2 and 3 bedroom models available. All the units have an open floor plan with open kitchens and they typically come with a full-size washer and dryer.

In 2008, a total of 20 units were sold in the MLS. 6 units sold were one bedroom units and 14 units sold were two bedrooms units (one was a 3 br unit converted to a 2 br.) The price range of solds start at $223,000 for a 1 bedroom and ends at a 2 bedroom unit sold for $365,000.

Like most places in the area, the prices have kept dropping steadily over the last few years. The community still offers a great value for the well maintained grounds and convenient location.

At the Gates of McLean, a typical rent for a 1 bedroom unit is in the $1,300-$1,400 range, 2 bedroom  $1,650-$1,750 and 3 bedroom units at $1,900-$2,000.

Gates of McLean 2008 statistics

Gates of McLean average sales price per model

Gates of McLean average sales price per model graph

For more detailed information on each sale, please click on Sales Details 2008 for Gates of McLean or send me an email at are@tysonsliving.com.

As you can see from the GRM graph - now is a great time to purchase investment real estate. With falling prices, stable/increasing rents and low interest rates the time is better now than in many years.

Are Andresen, Broker
Soldsense - your sixth sense in real estate


Posted by Are Andresen on January 13th, 2009 10:35 PMPost a Comment (0)

Idylwood Towers Sales Statistics 2008
January 13th, 2009 10:36 PM
Idylwood Towers is located on Pimmit Drive in Falls Church, half a mile off Leesburg Pike (Rt 7) and a few minutes down the road from Tysons Corner. In 2008, 18 total units were sold. 10 units sold were one bedroom units and 8 units sold were two bedrooms units. The price range of solds start at $146,000 for a Junior 1 bedroom and end at a 2 bedroom unit sold for $255,000.

Idylwood Towers consists of two apartment buildings with about 14 floors each. The building has concrete between the floors, and units are large compared to current building standards. Units are allowed to have their own washer and dryer. Amenities include things like landscaped grounds, tennis courts, exercise rooms, party rooms, extra storage units and a swimming pool. Parking is by permit and is located outside. Extra storage space is also available in the basement for the individual units. Both buildings have controlled access entry with a 24 hour receptionist and security guards.

Like most places in the area, the prices have kept dropping steadily over the last few years. The community still offers a great value for the size of the units and the convenient location.

At Idylwood Towers, 1 bedroom units currently rent in the $1,300-$1,500 range and 2 bedroom units rent in the $1,600-$1,800 range.

Idylwood Towers 2008 Statistics

For more detailed information on each sale, please click on Sales Details 2008 for Idylwood Towers or send me an email at are@tysonsliving.com.

As you can see from the GRM graph - now is a great time to purchase investment real estate. With falling prices, stable/increasing rents and low interest rates the time is better now than in many years.

Are Andresen, Broker
Soldsense - your sixth sense in real estate


Posted by Are Andresen on January 13th, 2009 10:36 PMPost a Comment (0)

Fountains at McLean Sales Statistics 2008
January 13th, 2009 10:35 PM
Fountains at McLean is located in McLean, Virginia. Located in Tysons Corner, it is ideally situated next to one of the major employment centers in the area. 

The Fountains at McLean consists of multiple buildings of two styles: mid-rise and garden. The mid-rise style has controlled building access and underground parking available. The garden-style has open hallways and there is surface parking only. There are numerous 1 and 2 bedroom models available.

In 2008, a total of 22 units were sold in the MLS. 15 units sold were one bedroom units and 7 units sold were two bedrooms units. The price range of solds start at $215,000 for a 1 bedroom and ends at a 2 bedroom unit sold for $357,000.

Like most places in the area, the prices have kept dropping steadily over the last few years. The community still offers a great value in an excellent location.

At the Fountains at McLean, a typical rent for a 1 bedroom unit is in the $1,200-$1,400 range and 2 bedrooms at $1,600-$1,700.

Fountains at McLean statistics 2008 graphs

Fountains at mclean average sales price per model 2008 table

Fountains at Mclean average sales price per model graph

For more detailed information on each sale, please click on Sales Details 2008 for Fountains at McLean or send me an email at are@tysonsliving.com .

As you can see from the GRM graph - now is a great time to purchase investment real estate. With falling prices, stable/increasing rents and low interest rates the time is better now than in many years.

Are Andresen, Broker
Soldsense - your sixth sense in real estate


Posted by Are Andresen on January 13th, 2009 10:35 PMPost a Comment (0)

Woodburn Village Sales Statistics 2008
January 13th, 2009 10:34 PM
Woodburn Villageis located about where Gallows Road intersects with I-495, tucked behind Fairfax Hospital. It is convenient to major roads like I-495, I-66, Rt-29 and Rt-50. The nearest metro stop is up Gallows Road to the Dunn Loring/Merrifield metro. Metrobus is available from Gallows Road and Fairfax Hospital.

Woodburn Village was built in the late 1960's and is a garden style community. Throughout the community and nestled between the buildings are landscpaed grounds with grill and picnic areas, paly areas and walking paths. There are about 600 condominium units total. Tennis courts, basketball courts and a swimming pool.

The community has 1, 2, 3 and 4 bedroom units. The buildings are 4 stories with a common laundry room and individual storage units in the basement. The reasonable condominium fees include all utilities.

In 2008, a total of 42 units were sold in the MLS. 4 units sold were one bedroom units, 31 units sold were two bedrooms units, 5 units were three bedroom units and 2 four bedroom units sold. The price range of solds start at $118,000 for a 2 bedroom and tops out at a 4 bedroom unit sold for $265,000.

Like most places in the area, the prices have kept dropping steadily over the last few years. There were quite a few foreclosures in 2008. Due to the lower prices and the convenient location the community still offers a great value.

At Woodburn Village a typical rent for a 1 bedroom unit is in the $1,100-$1,200 range and 2 bedrooms at $1,300-$1,400.

Woodburn Village Average Sales Price Graph

Woodburn Village GRM table

For more detailed information on each sale, please click on Sales Details 2008 for Woodburn Village or send me an email at are@tysonsliving.com .

As you can see from the GRM graph - now is a great time to purchase investment real estate. With falling prices, stable/increasing rents and low interest rates the time is better now than in many years.

Are Andresen, Broker
Soldsense - your sixth sense in real estate


Posted by Are Andresen on January 13th, 2009 10:34 PMPost a Comment (0)

Pimmit Hills Sales Statistics 2008
January 13th, 2009 10:34 PM
Pimmit Hills is ideally located in Falls Church minutes from where you want to be. Minutes to the north is Tysons Corner with great shopping and entertainment. It is also one of the major employment centers in the area with major presence of financial and defence companies (Capital One, SAIC, MITRE, Fannie Mae etc.)

Pimmit Hills is further surrounded by popular destinations like McLean and Falls Church. Washington DC is less than 10 minutes away and Dulles airport is about 15 away via the Dulles Toll Road (Rt 267.)

Built in the 1950's, the 1,500+ single family homes typically have a quarter acre lot. Home prices range from the low $300's for a rambler with 3 bedrooms and 1 bathroom and upwards to $1M homes.

In 2008, a total of 45 homes were sold in the MLS. They took an average of 112 days to sell. The sold homes range from a 4br/1ba rambler at $281,000 to a 6,300 sq/ft, 5br/4.5ba colonial that sold for $935,000. 

Like most places in the area, the prices have dropped steadily over the last few years. The community still offers a great value in an excellent location. If you want an affordable home with a yard and want to live close to Tysons Corner, Pimmit Hills is probably your best bet.

In Pimmit Hills, typical rent for a 3br/1ba rambler is in the $1,500-$1,600 range.

Pimmit Hills sales statistics 2008 graphs

For more detailed information on each sale, please click on Sales Details 2008 for Pimmit Hills or send me an email at are@tysonsliving.com.

As you can see from the GRM graph - now is a great time to purchase investment real estate. With falling prices, stable/increasing rents and low interest rates the time is better now than in many years.

Are Andresen, Broker
Soldsense - your sixth sense in real estate


Posted by Are Andresen on January 13th, 2009 10:34 PMPost a Comment (0)

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