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Just Listed in Alexandria

Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®.

Welcome Back!

Jen Walker here with The Jen Walker Team! We are a real estate group based out of Alexandria, Virginia. I, along with my rock-star team members, Sue Kovalsky, Micki MacNaughton, and Adrianna Vallario, have more than 35 years of experience in real estate and sold over $175 million in 2021.

The purchaser may be eligible for up to $50,000 in down payment assistance! Beautifully updated 2 bedroom, 1 full bath condo located 2 minutes from I 395. This condominium offers amenities such as an outdoor pool and playgrounds. **** NO INVESTORS****

This is a restricted resale of a unit offered through the Alexandria Flexible Homeownership Assistance Program. The purchase may be eligible for up to $50,000 in 0% purchase assistance available from the City of Alexandria. Purchaser must live or work within the corporate limits of the City of Alexandria, be a first-time homebuyer, and have a gross annual income of maximum $79,760 (1 person), maximum $91,120 (2 person), maximum $102,480 (3 person) and maximum $113,840 (4 person).

Before visiting property, purchaser must be pre-approved with lender from city approved list (in Documents). For more information about the program.

436 N Armistead Street #304,  Alexandria, VA 22312Jen Walker Team

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This week’s Q&A column is written by Rebecca McCullough of McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact Rebecca at 571-384-0941 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: How do you feel about the fall real estate market?

Answer: New season, new beginnings…

For me, the day after Labor Day — even more than January 1st — represents new beginnings.

In real estate, it’s an excellent time to reflect on the year and consider where the next twelve months may go. I find this particularly so this year. We all know that since just after the global shut down for the pandemic, the real estate market has been on fire. Interest rates were lower than anyone has seen in history, buyer demand was through the roof, and a lack of inventory made for a wild ride these past two and a half years.

However, since late spring, we have definitely noticed a shift in the market. We’ve seen countless headlines wondering if the real estate market is “crashing.” This has been accompanied by countless predictions that housing prices will fall, and listings won’t sell. My take? Nope. Not today, and not likely in the near future, either.

Why no crash? What’s holding up the market?

Two of the three things I have written about in previous articles here have not changed: low inventory coupled with high buyer demand. The only thing that has changed most recently, of course, is interest rates. And while that has been significant (interest rates are more than 2% higher than just a few months ago), buyers still need and want homes.

So, it may surprise some, but we are still very much in a sellers’ market here in Northern Virginia. Yes, still! But there is good news for buyers. The absolute frenzy of the past couple of years appears to be behind us. We are simply back to the “normal” high buyer demand levels of 2018 and 2019.

The prices of homes in our area have gotten significantly higher in the past two years, and I anticipate that will continue to be true in the future. We may not see such increases in value, but I predict the prices will stay where they are, as inventory is still so low. We are still facing “less than a 1.5-month supply” for detached homes. For reference, a balanced market is a 3- to 6-month supply, and a buyer’s market is more than a 6-month supply.

So, while we may not see aggressive bidding like we did in the spring, sellers will list high and get their asking prices, or close to them. Recently, I listed a home that I was confident was listed fairly, but I did worry if buyers would engage at the list price. Did they ever — we had three offers. After quick negotiations, we got our asking price. My colleagues and I are seeing quite a bit of this activity. We are also seeing price reductions, but the reduced price would still be considered high compared to two years ago.

One consequence of higher pricing is fewer qualified buyers, so buyers are able to include contingencies. This was unheard of for hot homes earlier this year in the spring market. Those contingencies are usually for home inspection, financing, and appraisals.

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Listing of the Day: 304 N Pitt Street

Address: 304 N Pitt Street
Neighborhood: Old Town
Listed: $1,800,000

Virginia was a Colony when this home was built with the Declaration of Independence still 6 years in the future!

History buffs: The front portion of this 3,000-square-foot home dates to 1770 and was built as a modest two-room house. Over the centuries, it was expanded three times to its current size. It first housed a merchant, who sold it to a rope maker for the ships visiting Alexandria. The rear stable was re-built into a kitchen sometime in the late 1800s/early 1900s. Today, it stands as a 4-bedroom, 2-full and 2-half-bath home that has seen Alexandria grow from its infancy to the bustling City it is today.

This delightful home is detached by virtue of the brick-walled north and south gardens which allows exquisite natural light into the house through abundant windows. The larger south garden features a grape arbor for delightful shade. As you can imagine, the floors are old wide-plank heart pine/fir, there are plenty of built-ins to showcase possessions, and three fireplaces (there were more at one time). Room sizes are very generous, with the primary being 20’x18′. Quite large for Old Town! The kitchen and baths were remodeled in the 1960s and 1970s, so are due for updates, but the possibilities are exciting.

Listed by:
Peter CrouchMcEnearney Associates Realtors
[email protected]
(703)-244-4024

Just Listed in Alexandria

Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®.

Welcome Back!

Jen Walker here with The Jen Walker Team! We are a real estate group based out of Alexandria, Virginia. I, along with my rock-star team members, Sue Kovalsky, Micki MacNaughton, and Adrianna Vallario, have more than 35 years of experience in real estate and sold over $175 million in 2021.

Gorgeously updated and rarely available end-unit in Queens Row! This stunning townhome features three bedrooms, three full baths and one half bath. Enter into the large foyer where you will be swept away by the tall ceilings, beautiful moldings and gorgeous hardwood flooring. A beautiful living room with gas fireplace flows easily into the formal dining room — a great space for dinner parties or hosting holiday meals!

The kitchen is truly a chef’s paradise. Updated with beautiful countertops, stainless appliances, loads of custom cabinetry and prep-space for days — even the most discerning chef will feel right at home. Enjoy morning coffee or casual dinners in the eat-in area, and walk out to your private Georgetown-style patio through French doors. A great place to grill, entertain or even work from home, the private patio is a perfect spot and also features two sheds for storage!

Head upstairs and you will find a family room with gas fireplace — a great space for evening movie night. A large primary suite is located off the family room, featuring two walk-in closets and a spa-like, ensuite bath with updated fixtures, tile and a large shower. On the second upper level are two additional bedrooms with en-suite baths. Looking for more outdoor space… you can add a rooftop deck — stunning water views and spectacular entertaining!

Two assigned parking spaces are located in the rear — just a short walk to the courtyard and kitchen entrance of the home. Queens Row is a private community of 25 townhomes located next to Founder’s Park and within walking distance to shops, restaurants and all the conveniences of Old Town! Minutes to the King Street Metro, the GW Parkway, Reagan National, the Mount Vernon Trail and more, you will love living here!

Welcome Home!

128 Queen Street, Alexandria, VA 22314Jen Walker Team

Beautifully updated and impeccably maintained row home in the coveted neighborhood of Del Ray! This home has so many amazing features to list, from the incredible kitchen to the thoughtful custom built-ins to the new detached garage. You won’t want to miss seeing this home.

A well manicured front yard welcomes you into a bright and sunny living room. Through an archway, enter into the dining room that opens to a gorgeously renovated white kitchen. Stainless steel appliances, white shaker custom cabinets with crystal hardware, quartz countertops, and chic marble backsplash adorn this space. A peninsula island offers more countertop space and a place where friends can gather while the chef is cooking. A custom built in window seat offers even more seating and storage, and overlooks the well landscaped backyard.

Walk upstairs to find two spacious bedrooms, one of which features another beautiful built-in cabinet for extra storage! Don’t miss the skylight in the upstairs bathroom which adds just another unique feature to this home. In the finished lower level, find a large recreation room that can easily be used as a family room, den, guest bedroom, just to name a few. The full bathroom, utility room and storage closets round out this space. The garage is a favorite feature of this home — it is spacious, temperature controlled with an A/C unit and heater, and has electricity! Keep it as a garage, but easily transform it into a finished office, home gym!

Ideally located near Braddock Metro, shopping and dining of Del Ray community events, a short stroll to Old Town, National Landing, National Airport, Amazon HQ2, VT Campus and so much more!

433 E Nelson Avenue, Alexandria, VA 22301Jen Walker Team

Click here for Just Listed properties in Alexandria and call The Jen Walker Team to schedule a home tour at 703-675-1566 or email [email protected].

Happy House Hunting!

In our highly competitive Alexandria market, the Jen Walker Team has the insider knowledge to connect you with homes that are not even public yet. With more than 35 years of experience, the Jen Walker Team has the expertise to answer questions, calm fears and streamline your transaction. Want to see other homes not featured in this article? Contact our team today!

Please note: While The Jen Walker Team provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314 #WeAreAlexandria

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This week’s Q&A column is sponsored and written by Hope Peele of The Peele Group and McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact The Peele Group at 703-244-6115 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: Whose advice should I listen to about the real estate market?

Answer: Because of whatever algorithm my iPhone has, I tend to get a lot of real estate articles showing up in my news feed. Personally, I like that because it keeps me up to date with whatever my clients might be reading at that time too.

Unfortunately, I usually cringe at the thought of my clients reading any of that and taking it seriously. Or even worse! Someone they love, and whose opinions they care about, might read it, and totally ruin their outlook on the market.

Don’t get me wrong, I want my clients to educate themselves and get opinions from friends and family. However, in my opinion, sometimes getting the wrong advice can be almost worse than getting no advice.

I heard someone say once (I can’t remember who, otherwise I’d credit them): Real estate is like the weather — it could be raining on one side of the street and completely dry on the other side. Same goes for regional trends. If you hear that the east coast is experiencing a drought, that doesn’t necessarily mean that you can count on no rain in D.C. I would still recommend checking the weather channel before leaving your umbrella at home.

Most people who are buying or selling a home will also talk to friends and family who’ve been there before. Older relatives love to give advice about how they did it and what they’d do differently, etc. Peers share experiences to give insight and inspiration, but sometimes also horror stories.

It’s important not to take any of this advice too seriously. In other words, with a grain of salt. I’m not saying that you should discount any of what you’re hearing, but all of it has context you should take into account.

If your uncle tells you that anyone who waives an inspection contingency is a sucker and your agent is telling you that you will continue to lose out on offers until you waive it, maybe you should consider weighing your agent’s experience a little bit higher.

There’s a reason that the real estate market is referred to as having “market trends” — they are just that, trends. Like skinny jeans vs. bell bottoms, what works at a certain time can vary vastly depending on what the trends are looking like at that specific time.

Considering how many factors influence the real estate market, especially in our area, it is important to look at the specific aspects of the market you are currently in. Since your Realtor works in the market full time, they will be able to keep you up to date so that you can navigate any type of market!

Hope Peele is a licensed real estate agent with McEnearney Associates, Inc. in Alexandria, Virginia. She grew up in Old Town and currently lives in Del Ray. As a partner with The Peele Group, Hope is dedicated to guiding her clients successfully through the many faceted process of buying or selling a home. Contact Hope at 703-244-6115.

If you would like a question answered in our weekly column or to set up an appointment with one of our Associates, please email: [email protected] or call 703-549-9292.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314. www.McEnearney.com Equal Housing Opportunity. #WeAreAlexandria

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Just Listed in Alexandria

Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®.

Welcome Back!

Jen Walker here with The Jen Walker Team! We are a real estate group based out of Alexandria, Virginia. I, along with my rock-star team members, Sue Kovalsky, Micki MacNaughton, and Adrianna Vallario, have more than 35 years of experience in real estate and sold over $175 million in 2021.

Gorgeously appointed Craftsman home on one of Del Ray’s most coveted streets! A sweet front porch invites you into this bright and open 3 bedroom, 3 full bath home. Enjoy gathering with family and friends in the spacious living room that features a gas fireplace, hardwood floors, and easy flow into the dining and kitchen.

This updated kitchen offers shaker cabinets, gas cooking, beautiful countertops and island with extra seating. A large bedroom with en-suite bathroom and walk-in closet is conveniently found on the main level. Walk upstairs to find a spacious and bright primary retreat that features a great walk-in closet and en-suite with double vanities. Bedroom 3 and a 3rd full bathroom off of the hallway are also found on this level. Need storage? There is no shortage of storage in the basement which offers a ton of space for your everyday or holiday items!

This move-in ready home is complete with a lovely outdoor deck overlooking mature landscaping and privacy. Enjoy grilling out with friends or hanging with the family in your fully fenced yard. Leave the car (or 3!) in the long driveway and walk to all that Del Ray has to offer. Stroll to “The Avenue” and the weekly Farmer’s Market; you are close to shops, restaurants, the library and parks! An easy commute into D.C., minutes to 395, or take the MetroWay bus. Amazon HQ2 just a few minutes away with the new Metro stop opening this fall. Updated and convenient — welcome home!

2409 Terrett Avenue, Alexandria, VA 22301Jen Walker Team

Lovely, move-in ready, Del Ray farmhouse in an incredible location! An adorable front porch with party lights greets you as you enter into the main living room that has hardwood floors, recessed lighting, and a nice open layout. Flow into the spacious kitchen where you will enjoy cooking while hanging out with company at the large island! Tall shaker cabinetry, stainless steel appliances and granite countertops are featured in this awesome chef’s kitchen.

The main level features a spacious laundry room with extra storage, and an updated full bathroom. Walk upstairs to find 3 great-sized bedrooms and another fully updated bathroom with white subway tiled shower. Love entertaining outdoors? Enjoy dining al fresco on your beautiful deck overlooking a fully fenced yard for your four-legged friends. Storage is no problem with a great shed out back!

This home is conveniently located to all that Del Ray has to offer; shopping, restaurants, local events and just steps to the neighborhood trail and playgrounds/parks. Located within walking distance to the upcoming Potomac Metro stop (opening THIS FALL), near the VT Campus, Amazon HQ2, National airport, National Landing and so much more! Welcome home!

405 Clifford Avenue, Alexandria, VA 22305Jen Walker Team

Click here for Just Listed properties in Alexandria and call The Jen Walker Team to schedule a home tour at 703-675-1566 or email [email protected].

Happy House Hunting!

In our highly competitive Alexandria market, the Jen Walker Team has the insider knowledge to connect you with homes that are not even public yet. With more than 35 years of experience, the Jen Walker Team has the expertise to answer questions, calm fears and streamline your transaction. Want to see other homes not featured in this article? Contact our team today!

Please note: While The Jen Walker Team provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314 #WeAreAlexandria

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Neighborhood Spotlight is a recurring column covering both the City of Alexandria and Alexandria in Fairfax County. This monthly column is sponsored and written by the Seward Group of TTR Sotheby’s International Realty.

Riverside Gardens is sought-after by buyers looking for a beautiful, tree-laden community with neighborhood schools and a conveniently located recreation center.

Once part of Washington’s River Farm, this 219 home community tucked between Fort Hunt and Riverside Roads was built by Clarence Gosnell Inc., who had previously developed Westgrove and Waynewood in the 1950s and other communities throughout the area. The first home in Riverside Gardens was purchased in March 1963 and the last house built was in 1966.

Typical of many of the subdivisions built during the post-war years, Riverside Gardens features a variety of home styles divided among split levels, split foyers and colonials.

The larger split level, the Sweetbriar, and the two split foyers (the Oxford and the Portsmouth) are the most plentiful; the Lexington is the smallest split level, and the Haddon is a bit larger split level. The Carolina, is a handsome two-level colonial, which is in shorter supply.

The benefit of these simple designs is the ability to maximize the finished square footage in very economic ways, perfect to accommodate a growing family, but not so voluminous that empty nesters feel the need to downsize.

Below, please find a chart that illustrates closed sales in the Riverside Gardens neighborhood year to date for 2022. August figures are not available at the time of this publication.

Average sales price YTD is $847,450, noting there were only a few closed sales since the beginning of 2022.  There is one active listing (a Carolina) currently listed at $924,900.00.

Please note:

DOM (days on market) and CDOM (cumulative days on market).

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This week’s Q&A column is sponsored and written by Peter Crouch of McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact Peter at 703-244-4024 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: How does it feel after a downsize?

Answer: A few years ago, I downsized. We moved from a single-family home to a townhouse. The kids were out of college and the question was, do we need this large house. Plus, my business here at McEnearney Associates/Crouch Realty Group is all about downsizing, helping older folks transition and working with estates, so I wanted to practice what I preached.

The real final straw in making the decision was that, as I was mowing the lawn one day, a friend stopped by and asked me to go fishing. My reply was that I was busy and that I would take a rain check.

Later, it occurred to me that one of the things I had been looking forward to through the years of trekking to sports events, band concerts, art shows and the like, was indeed the time to go fishing. And I had passed it up to mow the lawn. Yes, the lawn was a source of pride and mowing was a source of exercise, but was it fulfilling? It was nowhere on my “bucket list,” so why spend that time on it? Sure, I could hire it out, but why even have a big lawn?

Some of the answers were so the kids would have a place to come home for a visit. So I could preserve some of the antiques of past generations handed down to me. So I could host gatherings of friends/family visiting the Metro Area. So we could be near friends whose kids hung out with ours.

Nothing, however, about refocusing on things I/we wanted to do. Instead, we downsized into a townhouse. We considered a condo, but still wanted a little yard.

How are we a few years later? The kids are here all the time. They do not miss the house — it is the family they want to be near. Out-of-town guests still use us as home base for tours. The Big Brown Furniture (BBF) of past generations no longer defines our decor. (We kept smaller reminders of our wonderful heritage). I am not consumed with maintenance of a big house for, essentially, diminishing returns. And I no longer own a lawnmower.

So, give it some thought and ask yourself:

  • Do you want family to come hang out with you or with your house?
  • Do you want to preserve the Museum of Past Generations or rather smaller mementos of them, plus add your style to your house?
  • Do you want to keep up with the maintenance, whether by yourself or contracted out?
  • Do you want to focus on the activities that bring you satisfaction or the unending chores?

We are happy to chat with anyone who is thinking about a downsize or transition — even if it is to confirm that you want to stay put. Or anyone who wants to go fishing, give me a call.

Pete Crouch is a Seniors Real Estate Specialist, which means he is well-versed in all aspects of moving as we age. His own downsize gave him tremendous insights into what is involved, from emotional matters to real estate considerations. Pete is a Board Member of At Home in Alexandria (AHA), our local Senior Village, and was the 2018 National Recipient of the “Outstanding Service Award” by the National Association of Realtors for his work with Senior Moves. Text 703-244-4024 or email [email protected] for a copy of his Downsize Alexandria! Booklet about living more simply in Greater Alexandria.

If you would like a question answered in our weekly column or to set up an appointment with one of our Associates, please email: [email protected] or call 703-549-9292.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314. www.McEnearney.com Equal Housing Opportunity. #WeAreAlexandria

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Just Listed in Alexandria

Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®.

Welcome Back!

Jen Walker here with The Jen Walker Team! We are a real estate group based out of Alexandria, Virginia. I, along with my rock-star team members, Sue Kovalsky, Micki MacNaughton, and Adrianna Vallario, have more than 35 years of experience in real estate and sold over $175 million in 2021.

401 Hume Avenue, Alexandria, VA 22301Jen Walker Team

401 Hume Avenue

Click here for Just Listed properties in Alexandria and call The Jen Walker Team to schedule a home tour at 703-675-1566 or email [email protected].

Happy House Hunting!

In our highly competitive Alexandria market, the Jen Walker Team has the insider knowledge to connect you with homes that are not even public yet. With more than 35 years of experience, the Jen Walker Team has the expertise to answer questions, calm fears and streamline your transaction. Want to see other homes not featured in this article? Contact our team today!

Please note: While The Jen Walker Team provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314 #WeAreAlexandria

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