3205 N. Pershing Dr. Arlington, Va. 22201
This wonderful 1922 Bungalow with extra large lot has just been listed for $1,199,000. If features 5+ bedrooms and 3 full baths. The home has an almost 16000 sq ft (yes, that’s right) fully fenced yard and is only .7 miles to the Clarendon metro. It will be open from 1-4 on Sunday March 6, 2016. Call me at 571-228-5656 toes this home.
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3102 24th St. S. Arlington, Va 22206
This home was fully renovated in 2012. It’s gorgeous. 3 bedrooms and 3.5 including a master bath. Short distance from Shirlington. Great, great opportunity to own in this growing area. No condo fee, no HOA. Call me to see this 571-228-5656.
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This home will be on the market in Early march. Located on a quiet cul-de-sac, this home features, an attached garage, 3 bedrooms and 1.5 baths on an almost 16000 sq. ft lot (yes, you read that right). You will not want to miss this one. 105 Galveston St. N. Arlington, Va.
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Here is a press release from the county. If you sign up, you can provide your comments/input on both expenditures AND the proposed tax rate. For now, the county is advertising no increase in your property tax rate. It can’t go up….but it could go down. Do not expect your tax bill to decrease either way though. For most of us, our homes have increased in value (although no one loves paying taxes, in the big scheme of things…this is a good thing), so we’ll see some increase in our tax bill.
Here is the release:
Arlington’s County Board is looking for your thoughts on the Proposed Fiscal Year 2017 Budget. You can weigh in at two public hearings scheduled in March.
There’s a lot at stake. Arlington’s Proposed Budget is $1.19 million. About 40 percent of that goes to support public schools. About $727.5 million pays for County operations.
The Board has advertised the same tax rate for Calendar Year 2016 as it adopted for CY 2015. Under law, it cannot adopt a tax rate higher than what it has advertised – but it could go lower.
Unlike past years, this year you can comment on both the proposed property tax rate, and the proposed expenditures at either of the two public hearings on the Budget. The Board used to hold one hearing on tax rates, and another on expenditures. If you wanted to speak on both, you had to show up for both meetings. Now you can tell the Board everything Budget-related on your mind at one hearing.
The first public hearing is scheduled for Tuesday, March 29 in the County Board Room. The second will be held on Thursday, March 31, also in the Board Room. Both will begin at 7 p.m. with testimony on tax rates and fees. After a break, they will take up expenditures
To speak, sign-up in advance beginning at 8 am 5 business days before the Tuesday hearing date. Advanced sign-up will close at 5 pm the day before each hearing date. To register, visit the County website, call 703-228-3130 or visit the County board Office at 2100 Clarendon Blvd.
You can also sign-up to speak the evening of the hearings. And if you can’t make it to either public hearing, no worries. You can send us your comments through this easy-to-use online form.
To learn more about the new procedures for the Budget Public Hearings, visit the County website.Learn more about the FY 2017 Proposed Budget.
Love Craftsman style homes? I do. Large windows, beautiful molding? Me too. If you’re like me you’re going to love this classic Arlington, Va. home originally built in 1922. Long time owners raised their family here. It’s being freshly painted, highlighting all that beautiful 1922 molding. This home has been updated but all the things you love about the classic bungalow are there. Welcoming front porch, large living room with wood burning fireplace, spacious dining room with gorgeous windows. 5+ bedrooms. The 3 upstairs bedrooms include a master with large sitting room (maybe a future luxury bath or walk in closet?). 2 bedrooms plus a full bath on the main level. Lower level has a family room, a room used as a bedroom and a kitchenette (sink and refrigerator).
All of this and the home sits on a 15,777 square ft flat lot. If you don’t know how big this is you haven’t been looking at Arlington, Va real estate for long. In a neighborhood of 5000-10,000 sq. ft lots, this is an incredible find. Imagine what you could do with that.
All of this within .7miles of the Clarendon metro and all of the shopping, restaurants and other activities that the area has to offer.
The home will be coming on the market the first week of March. It will be priced between $1.2M-$1.3M. Be on the look out…or call me to see 571-228-5656. janejensen@comcast.net. Your Arlington, Va real estate specialist.
3205 N. Pershing Dr. Arlington, Va.
There it is. That lovely saying…Home is where the heart is.
Long before I became a realtor, I loved houses….no, that’s not really correct…I loved homes. A home is a place for people to live whether it’s already been lived in or will be soon. A house…well a house can be any structure. As a realtor, I don’t know if I am unique in this..but every home I go into has a feeling to it. Sometimes it’s a happy home, and sometimes it’s not. I can walk into a home and say to myself…”divorce”, or “having a baby”, or something else. I generally keep these thoughts to myself as “knowing” the reason for the sale seems presumptuous even to me. Almost without exception I’m right. I don’t know if it’s a sixth sense or it’s a vibe a house puts out that most people just don’t pay attention to. But..for me, it’s always there.
I think a home absorbs the energy of the person(s) living there and even if the furnishing are long gone…something of the people who lived there gets left behind.
So, on Valentine’s Day, I am sending wishes and hopes that your home is filled with laughter, good friends, great loves, warm tidings and chocolate (dark for me but if you really think that milk chocolate is chocolate…well, it’s all yours).
And, if you haven’t found the home that you can fill with all the good energy you have coming to you…here’s a list of open houses today. If you would like some help falling in love with your new home, just give me a shout. 571-228-5656. janejensen@comcast.net. And, don’t forget to click the subscribe button at the top of the page to keep up on all the latest real estate news.
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=66877663728
Arlington County issued the following press release on January 15, 2016. Most of us can expect to see a slight uptick in our assessments and hence a slight increase in our taxes. No one likes taxes, but everyone likes their home value to increase so try to smile when you pay up.
Arlington County real estate assessments for 2016 show an overall increase in property values of 2.8 percent over 2015. Residential and commercial property values increased slightly.
The value of the average Arlington residence (existing single-family properties, including condominiums, townhouses and detached homes), increased 2.8 percent from $587,100 in Calendar Year (CY) 2015 to $603,500 in CY 2016. New construction value was up 0.7 percent, and existing real estate value was up 2.1 percent.
“Arlington’s real estate market remains solid,” said Arlington County Manager Mark Schwartz. “We see strength in both our residential market and commercial properties, particularly new construction. This is the best evidence that Arlington remains a very desirable place to live and do business.”
Real estate assessments will be mailed today to all Arlington property owners. Calendar Year (CY) 2016 assessment information also will be available online at 11 p.m. tonight. Look up your property assessment.
The commercial tax base, which includes office buildings, apartments, hotels, and retail, increased 1.3 percent over CY 2015 for existing properties.
Existing office property values increased 2.2 percent, due in part to a stabilizing office vacancy rate. Apartments, which represent just over 40 percent of the commercial tax base, increased in value almost 5 percent, with half of this growth from new construction. Values of general commercial property (which includes various types of retail) declined 3.5 percent, due in large part to redevelopment and to general commercial properties becoming commercial office space.
As the County develops its Fiscal Year (FY) 2017 Budget, the challenge is to balance investment needs – including strategic investments necessary to enhance Arlington’s economic competitiveness, respond to growth in school enrollment, and meet other core service demands — with the need to minimize the burden on County taxpayers.
The Board gave the County Manager budget guidance in November 2015 for the FY 2017 Budget. At that time, tax revenues were projected to increase from 1.9 percent to 2.4 percent, and there was a projected combined County and School gap of approximately $15 million. With slightly higher real estate assessments, additional funding can be considered by the County Board during the FY 2017 budget process to address County and School needs.
The County’s single largest cost is funding the Arlington Public School (APS) system. For FY 2016, the County’s funding of Schools is 46.5 percent of all local tax revenue and an investment of more than $18,000 per student. Continued year-over-year growth in school enrollment has led to the need to expand some School facilities and build new ones. Educational costs also have risen.
Both the County and Schools have prioritized needs and made funding decisions over the last several years during lean financial times. The County and Schools will work with the community to balance their priorities within this year’s fiscal constraints. The County Manager and School Superintendent will present their proposed budgets to the County Board and School Board in late February. The County Board will set the real estate tax rate in April.
For more information on the budget process, visit the County’s Budget web page.
Real estate assessments are appraisals — the County’s opinions of value for each parcel of real property in Arlington. Assessments are made according to accepted methods, techniques, and standards of the real estate appraisal and assessment profession. The 2016 assessment is an estimate of the fair market value as of January 1, 2016.
Residential assessments were based primarily on neighborhood sales occurring July 1, 2014 through August 31, 2015. The real estate tax rate determines the amount of tax that is levied on the property. A uniform tax rate for all real property is set by the Arlington County Board. State code requires the County Board to use a uniform tax rate. In addition, Arlington levies additional taxes on commercial and industrial properties dedicated to transportation investments, as well as taxes for business improvement and sanitary sewer needs.
For more information, visit the County website and search “real estate assessment.”
Considering buying real estate in Virginia? If this is your first time you need to know, Virginia is a Buyer Beware state. With few exceptions, real estate transactions are governed by the laws of the state that the transaction occurs in. People who have purchased real estate in other states are often surprised by the lack of protection Virginia provides buyers. Here is the first article in the Virginia Residential Disclosure Act which will govern your purchase:
54.1-500 noted above defines what a certified home inspector is.
This is sometimes a tough pill to swallow for first time buyers or for people who have bought property in other states where the state may favor the buyer and require sellers to disclose a lot of information about the condition of the property.
It’s important to know this when you are buying a home. Unless you are an experienced contractor, or you are tearing down the home to build something else, you must (well the law doesn’t make you but your realtor should insist)get a home inspection. The home inspection can uncover any defects that you may want the seller to remedy and also allows for you to void the contract.
Additionally, if you have any concerns about that vacant lot next to your dream home, a quick call to the county would be in order. It may be the beautiful home of your new best friends or the newest 7-11 in the neighborhood….nearby slurpees may be your thing, but if they are not….you may want to know about it.
December Statistics are in. Here they are:
The average Arlington, Va sold prices barely changed dropping to $641,971 from $645,962 in 2014. The median sold price dropped just a bit from $571,000 to $559,000. The average list price for colds dropped a small amount from $658,627 to $651,786 and the average list sales price to list price ratio was 96.3%
It could be tempting to say that the Arlington, Va real estate market has been mostly flat year over year but if we go a little deeper we can see that the average price for detached homes went up fairly significantly from $880,991 to $945,824. The drop in average sales prices came from attached homes (condos/townhomes etc) which dropped from an average of $471,803 to $441,653. The general takeaway is that you “may” expect to pay less for an Arlington, Va townhouse or condo this year then you would have last year and you “may” expect to pay more for a single family home.
This is important information when you are pricing your home or making an offer. Information is your ammunition. These statistics are general and county wide so if you are getting ready to list or thinking of buying you need to have your agent look closely at your neighborhood statistics. That’s why I put “may” in quotes above. When it comes to the amount you offer or list your home for, location is everything, even in a geography as small as Arlington. Some condo complexes may have gone up in popularity and price, while others may have seen a decline. The same is true for various neighborhoods around Arlington. Make sure you do you your homework.
Two new homes were listed for sale in Arlington, Va by some brave souls. One is a single family on Arlington Ridge Rd. and the the other is a co-op in River Place. For more information on these email me at janejensen@comcast.net
Arlington Virginia Real Estate 