Post Content

Alexandria holding lottery for new affordable condos in Potomac Yard

Dylan Condominiums in Potomac Yard (Rendering via Dylan Condominiums/Facebook)

The City of Alexandria will select nine locals via lottery for a chance to buy one of the handful of affordable condos built near the new Potomac Yard Metro station.

The units are committed affordable units — part of a trade for extra density from new development — in the Dylan Condominiums development at 701 and 737 Swann Avenue.

The new development is just a few blocks from the new Metro station, scheduled to open sometime next year after being derailed by delays.

“Dylan is a new residential condominium development in Potomac Yard proximate to the new Potomac Yard Metro Station and Metroway bus rapid transit, retail, parks, and other neighborhood amenities,” the city said in a release. “In total, nine condominium units will be available to income-eligible, first-time homebuyers at this new community, which is located at 701 and 737 Swann Avenue, Alexandria, Virginia.”

To qualify, buyers must live or work in Alexandria. In a telling indicator of local home prices, the city’s website said the qualifying income is “a gross annual household income up to 100% of the area median income.” In Alexandria, that’s $99,700 for one person.

According to the city’s website, the sale pries and monthly condo fees for the affordable units are:

  • One bedroom and one bath at $175,000, with a monthly condo fee of $406
  • Two bedroom and one bath at $225,000, with a monthly condo fee of $510
  • Two bedroom and two baths at $225,000, with a monthly condo fee of $630
  • Two bedroom plus den and two baths at $275,000, with a monthly condo fee of $630

“The City will accept applications for the units starting November 15 through December 15, 2022 at 11:59 p.m.,” the release said.

Image via Dylan Condominiums/Facebook

Recent Stories

It was a big week for getting a glimpse at Alexandria’s future. At a meeting this week, Deputy Director for Infrastructure and Environmental Quality Bill Skrabak offered an in-depth look…

The Washington Metropolitan Area Transit Authority (WMATA) has unveiled the bluebell and cherry blossom-inspired art that will wrap around the exterior of the new Potomac Yard Metro station. Artist Rob…

Just Listed in Alexandria

A 2 BD/2 BA renovated townhome with an open floor plan, patio and fenced backyard in featured in Just Listed.

Alexandria transportation officials say that a pilot program to ease evening congestion on and around Duke Street is working and they want to make the changes permanent. City staff announced…

Monarch Montessori School located in the heart of Del Ray is enrolling children 6 weeks to 6 years of age for our half day and full day program.

Our hours of operation are 8:00 AM  to 5:30 PM, Monday-Friday. Monarch Montessori School is open year round, with intermittent breaks.  

Children engage in self-directed, self-initiated activities under the guidance of a trained Montessori teacher. Classroom sizes range from 8-12 students. Our robust curriculum includes botany, sensorial activities, the social graces, culture, math, science, practical life, geography, music appreciation and language arts. 

You’ll get half off of the registration fee when you register and begin care with us before April 30, 2023.

Read More

Submit your own Community Post here.

Del Ray Dog Fest & Yappy Hour

The 1st Annual Del Ray Dog Fest is a fun outdoor event that will include dog-centered activities, dog menu items, live music, vendors and food on Sunday, April 2 from 11am- 3pm at the George Washington Middle School parking lot.

×

Subscribe to our mailing list