North Springfield
REAL ESTATE
Data: Apartment-rental costs in Tysons priciest across region
Tysons recorded the highest median apartment-rental rate across the Washington region in August, according to new data, with tenants typically spending 4 percent more than they did a year before. The median apartment-rental rate of $2,666 for the month in Tysons compares to $2,203 for the Washington region as a...
For Sale | 125 Atlantic Street, SE - $450,000
“Step into modern luxury at 125 Atlantic Street SE, where no detail has been overlooked in this meticulously remodeled property. The heart of the home is the renovated gourmet kitchen featuring sleek stainless steel appliances, upgraded countertops, and ample cabinetry, perfect for culinary enthusiasts and entertaining alike. The home boasts newly remodeled bathrooms that offer contemporary fixtures and finishes. The main and upper levels feature brand new luxury vinyl plank (LVP) flooring, providing both durability and style throughout the home. Every aspect of this home has been thoughtfully upgraded, including new interior and exterior doors, vinyl windows, and a modern HVAC system to keep you comfortable year-round. You'll also appreciate the new water heater and lighting fixtures, ensuring efficiency and ambiance in every room. To complete the transformation, the entire interior and exterior have been freshly painted, offering a bright and inviting atmosphere the moment you walk in. This home is truly move-in ready, offering peace of mind and modern conveniences in a prime location. Don't miss the opportunity to own this beautifully renovated gem on Atlantic Street SE. Schedule your private tour today!”
New single-family neighborhood proposed on Route 123 in Lorton
A Maryland developer is looking to fit a new residential subdivision on eight acres in Lorton between Route 123 and Ox Road. L&F Laurel Highlands LLC submitted a rezoning application to Fairfax County on Tuesday (Aug. 27) proposing 23 new single-family homes on the mostly vacant land. The development will...
Downsizing isn't so simple for DMV empty nesters
Real estate agent Connie Carter says DMV homeowners want to downsize, but it's not so simple: There's limited inventory in most buyers' budgets, thanks to high home prices and mortgage rates. Why it matters: Finding a buyer isn't a problem — finding somewhere for the seller to go is.
DC attorney general uncovers illegal kickback scheme violating homebuyer rights
The attorney general for Washington, D.C., announced Thursday a revelation into what the city says is the widespread use of illegal kickback schemes in the title insurance market. Attorney General Brian Schwalb said multiple companies will pay a combined $3,290,000 after his office revealed they offered real estate agents discounted lucrative interests on ownership and […]
Douglas Acquires Office Building in Downtown D.C.
Douglas Development Corp. has acquired the Portrait Building at 701 Eighth St. NW in D.C., which the previous owner turned over to its lender earlier this year. Jemal’s Portrait Building LLC, a Douglas affiliate, bought the 135,000-square-foot, eight-story property for $34.25 million from lender Oconee Real Estate Holdings VIII – Portrait LLC, an affiliate of Atlanta’s Voya Investment Management LLC, reported the Washington Business Journal. The sale of the property known as the Portrait Building works equates to nearly $254 per square foot.
New townhomes take shape near Lake Anne in Reston
Dozens of townhomes are under construction on the former site of Reston’s Lake Anne Fellowship House. Developer Tri Pointe Homes opened sales for its Lake Anne Towns development this past Saturday (Aug. 24), welcoming over 50 different groups to a model house at 1641 Fellowship Square for tours, a spokesperson told FFXnow.
Bright MLS Weekly Market Report
Despite falling rates, contract activity remains subdued. Mortgage rates have fallen to their lowest level in more than a year; however, home buyers are not yet jumping back into the market. During the week ending August 25, there were 5,648 new pending contracts across the Bright MLS service area, which was down 2.8% from a week ago, and is tracking 1% lower than last year at this time.
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