Tell the county (Arlington, Va) how you really feel

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:

It Just Got Easier for You to Tell the County Board How to Spend $1.54 Billion

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.

 

Media Contact: Mary Curtius, 703-228-7943


Coming Soon: Arlington Bungalow near Clarendon

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. 

3205 N Pershing Dr photo-2


Coming soon. Arlington,Va Duplex $399,000

You’re going to love this home. It’s was completely updated in 2012 with gorgeous hardwoods, stainless steel and granite. 3 levels and 3 bedrooms and 3.5 baths. Home includes a 3,357 Sq. Ft lot. Plenty of space for gardening. Near Shirlington and a great commute to Mark Center, DC and other locations. No HOA or condo fee. It will be coming on the market early March. 3102 24th St. S. Arlington, Va 22206. Questions? Call me at 571-228-5656 or email janejensen@comcast.netIMG_6143IMG_6141


Home on Valentine’s Day

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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


What makes Arlington a world class community?

This video about Arlington, Va. was created a few years ago but is still exceptionally relevant today. I’ve lived here for 25 years and the reasons people cite in this video for loving this community, are the reasons I stay.

Arlington is exceptionally welcoming, diverse and friendly. It’s committed to providing residents with a safe, comfortable environment. Some other things I’ve personally noted is the commitment to the environment, making Arlington, Va. walker and biker friendly, community space, education, art and culture.

As an Arlington, Va. realtor I’ve long noted the different flavors different neighborhoods within our small geography have. And..it’s been interesting to watch various neighborhoods change and evolve over the years. When I moved here the Shirlington neighborhood did not even exist as a town center and Clarendon was a few bars (Remember when Bardos had a car going through their front window?), a Sears and a bike store. Times have changed and almost without exception (I do miss Queen Bee…that fabulous Vietnamese Restaurant) the changes have been well managed and great for the community. I continue to love living here and you will too. What is it that you think makes Arlington great? I would love to hear your comments.

 


Arlington, Va property values increase modestly

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 2016 Property Values Increase Modestly

  • Overall increase of 2.8%
  • Average residential property up 2.8%, to $603,500
  • Commercial values slightly positive
  • Assessments available online 11 p.m. tonight

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.

Budget outlook

 

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.

About real estate assessments

 

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.”

 

Media Contact: Richard Stephenson, 703-228-3412.



Arlington Board to Review Affordable Housing

Press Release from Arlington county:

County Board to Discuss Affordable Housing Master Plan, Implementation Framework in Work Session

Board to hold public hearing, vote on plan in September
Plan addresses affordable housing distribution
The Arlington County Board tonight will discuss recent staff updates to the Affordable Housing Master Plan and Implementation Framework. The purpose of the work session is to address remaining Board member questions in advance of the County Board’s September 19 meeting to consider adoption of the Plan.

The County is seeking a 25-year Plan that will guide the next generation of affordable housing investment in Arlington because providing a range of housing options affordable to persons of all income levels and needs throughout the County supports our people, improves our neighborhoods and strengthens our economy.

“The Plan our community has worked on for nearly three years is a great step forward from where we are today,” said Arlington County Board Chair Mary Hynes. “We all share the same goals for Arlington: we all want high-quality neighborhoods and schools, we all want housing to be accessible and fairly distributed, and we all want a sustainable, strong economy. To support these goals, the Board is considering and addressing a wide range of factors related to our mix of housing. When all is said and done, following the Board’s final consideration in September, this Plan will be an important road map for preserving and expanding the supply of affordable housing across Arlington.”

In June, the County Board voted to set September public hearings and requested the County Manager to collect more community feedback on key issues such as geographic distribution of affordable housing. As a result, a number of changes have been made to the draft plan.

Affordable Housing Master Plan clearly addresses distribution

The plan addresses geographic distribution with a three-tiered solution grounded in Arlington’s long-held transit-oriented development policies.

Preserving existing affordable units. Preservation of committed affordable housing units and market rate affordable housing unites means that existing housing, such as Arlington’s historic garden apartments, will be preserved.
Locating affordable housing close to transit corridors, including bus routes. Pairing housing units with reliable transportation options is a sustainable way to reduce traffic, allow easy access to jobs and services and promote a walkable community.
Flexible land use and zoning policies. Adjusting land use and zoning policies to allow a variety of housing types beyond urban corridors. High housing costs and changing family structures can mean that existing homes don’t always meet the needs of Arlington residents. This would allow single-family neighborhoods to provide quality, affordable choices for multi-generational households, older individuals living on their own, young working people and others. Further study will investigate what changes could maintain neighborhood character while allowing housing choices to evolve.
Building off of – and moving beyond – existing sector plans, specific transportation corridors are identified and goals for the number of affordable housing units for those corridors are proposed. The Plan, when implemented, would strive to ensure that about 17.7% of Arlington’s housing stock (down from 25% in 2000) is affordable to those making 60% of area median income.

Implementation Framework includes existing and potential tools

Arlington has a track record of successfully investing in affordable housing development and tools. The proposed Implementation Framework is a tool kit of new and existing strategies that could be used separately or in combination to achieve the goals of the plan. Tools outlined in the framework include:
Financial assistance to support the construction, acquisition and rehabilitation of affordable housing
Land use regulations and incentives that leverage private development activities to increase the supply of affordable housing
Programs designed to help low-income and at-risk populations find and maintain safe and affordable housing.
Some new tools would require additional Board action or could involve working with the General Assembly.

Near-term priorities in the implementation plan are budget-conscious, and focus on revisiting planning and zoning tools before financing tools.

Staff will develop a monitoring and evaluation plan that annually reports and tracks the County’s progress toward goals and objectives. Staff anticipates this report to be ready by the end of 2016.

About the Affordable Housing Study

The County Board initiated the Affordable Housing Study in 2012 to evaluate existing policies; assess current programs and resources; and identify needs and gaps in provisions for affordable housing.

The County Manager appointed a 19-member Affordable Housing Study Working Group to shape the community’s affordable housing vision. Together with County staff, the group drafted the Affordable Housing Master Plan, to be included as an element of the County’s Comprehensive Plan.

By 2040, 17.7 percent of Arlington’s households are projected to be low-income — at or below 60 percent of the Area Median Income (AMI). Sixty percent of AMI today is $64,480 for a household of four.

Recommendations in the proposed Affordable Housing Master Plan were based on research, athorough needs analysis, in-depth forecasting, surveys, working group meetings and community workshops. The plan proposes three goals that focus on housing supply, access and sustainability. The Implementation Framework proposes modifications to existing tools and potential new tools in the areas of financing, land use and services.

View the Draft Affordable Housing Master Plan.

View the Draft Implementation Framework.

To learn more about the Affordable Housing Study, visit the County website.

Media Contact: Jessica Margarit, 703-228-3551.


Open House In Arlington, Va. March 22, 2015. Better than new townhome.

455 N George Mason photo-1
455 N George Mason photo-37455 N George Mason photo-53455 N George Mason photo-29
455 N George Mason photo-15
455 N George Mason photo-10

CONTACT INFO


Jane Jensen
571-228-5656

Open 1-4 3/22/2015 Better than new townhome near Ballston. Beautiful…in a quiet courtyard location – $825,000

455 N. George Mason Dr., Arlington, VA 22203

FEATURES


Bedrooms: 4
Bathrooms: 3.5
Parking Spaces: 2
Year Built: 2008
Subdivision: Buckingham Commons
Attached on: 2 Sides
Garage Size: 2
School District: Washington Lee
Square Footage: 2864
Agent Name: Jane Jensen
Broker: Century 21 New Millennium
MLS #: AR8573601

DESCRIPTION


This home is better than new. Kitchen/Family room with large breakfast bar and small balcony. Separate dining room and living room with gas fireplace. Two car garage with extra room for storage. Large playroom/office/rec room/guest room on top level with access to rooftop terrace for entertaining and barbecues.  Near Ballston metro, shopping and restaurants. Not just a pretty face either….check the comps and you will find this to be an excellent value.

APPLIANCES


  • Range/Oven
  • Full Refrigerator
  • Washer/Dryer
  • Dishwasher
  • Sink Disposal
  • Microwave

INTERIOR AMENITIES


  • Fireplace
  • Hardwood Floors
  • Security System
  • Kitchen Island

LINKS


Arlington Real Estate – http://www.arlingtonhomepro.com


December Real Estate Statistics for Arlington County

December 2013 Real Estate Market Statistics for

Arlington County, VA

 

 

December 2013 Summary

Statistic Values YoY MoM
Total Sold Dollar Volume $134,383,551 +38.55% +36.8%
Closed Sales 215 +22.86% +23.56%
Median Sold Price $545,000 +14.74% +9.33%
Avg Sold Price $625,040 +12.77% +10.72%
Avg Days on Market 42 days -17.65% +13.51%
Avg Sold to Orig List Ratio 97.22% +0.69% -0.1%
 
Statistics are in for December sales in Arlington. Median Price is up, # of sales are up, total volume is up. Because of the low inventory we are continuing to see shorter days on market and multiple bids in some cases. If you waited to buy and now think that you’ll wait for the next downturn, you may be waiting for some time. Yes, real estate prices are always cyclical and a downturn will come but I believe that is some time away. Unemployment is low and interest rates are low but threatening to continue to rise. This is motivating buyers to buy now. Yes, there will be more inventory in the spring but a big new batch of buyers will be out there too. If you find a home now, I think it’s the time to go for it.