Alexandria, VA

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 two rock-star team members, Sue Kovalsky and Micki MacNaughton, have more than 35 years of experience in real estate and sold over $103 million in 2019.

Join Us — Saturday, April 17 at 12 p.m. we will be going live on our Instagram featuring 8 E Chapman in picturesque Rosemont Park! This 2 bedroom, 2.5 bathroom, semi-detached home lives large and open featuring soaring ceilings and tons of natural light. A welcoming front porch greets you as you enter into the formal living room adorned with custom built-ins and clever storage. Continue into the great room where you’ll find the true heart of the home — including a half bath! The open kitchen features gas cooking, granite countertops with a peninsula, and great storage. Sit in the family room and enjoy the wood-burning fireplace (surrounded by built-ins) in the winter or hang out with the porch doors open during those perfect spring and fall evenings!

The upper level features a large primary bedroom with chic grasscloth wallpaper, great natural light and an Elfa closet system to maximize storage. A second bedroom and updated bathroom round out this level. The lower level features a bright rec room perfect for a playroom, office, or guest space. Conveniently, there is also a full bathroom on this floor, plus a spacious utility room equipped with a washer/gas dryer, ample storage, and new HVAC in September 2020! Don’t miss the well-manicured outdoor gardens and 3 car stamped concrete driveway! 8 E Chapman Street is perfectly situated near two Metro stations, two blocks to Maury Elementary, walkable to George Washington Middle School, shops and restaurants in Del Ray and Old Town, and more!

Welcome Home!

8 E Chapman Street, Alexandria, VA 22301The Jen Walker Team

Read More

0 Comments


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 703-244-5852 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: What does a contingency period mean?

Answer: Like any industry, real estate has a ton of lingo that isn’t common to most people. To me, it’s incredibly important that someone who is buying or selling a home has all of the information and resources that they need — before the stakes get high! There is nothing worse than trying to make a difficult decision when you are unfamiliar with the terms.

When I am working with both buyers and sellers, some of the most frequently asked questions are about contingency periods. These are lengths of time written into the contract in which one of the parties has the option of voiding the contract without penalty.

There are many different types of contingencies, and they can vary greatly depending on the contract. No two contingency periods are alike! However, there are some that are more common than others, so here is a quick guide to the top three contingencies that I am asked about most often.

1. Inspection Contingency

In some home sale contracts, there is an agreed-upon number of days in which the buyer can hire a licensed inspector to examine the home for defects. Sometimes the contract allows for the buyer to void during this contingency period, and sometimes there is also the option to negotiate repairs with the seller. If the buyer chooses to either void or negotiate, they must provide the seller with a report from a licensed inspector. In a hot “seller’s market,” buyers can sometimes make this period very short, or even waive it entirely, to appeal to the seller.

2. Financing Contingency

This contingency protects the buyer in case something happens to their loan. Changes in things like a buyer’s employment or credit could potentially put the loan in jeopardy. If there is any risk of this happening, it is important to have this contingency in place so the buyer is not bound by the contract terms. Depending on where the buyer’s loan is in the lender’s pre-approval process, this contingency can be confidently waived in some instances.

3. Appraisal Contingency

An appraisal contingency gives buyers security in case the appraisal from the bank does not come in at the contract price. The bank wants to know that the loan they are approving is worth it. So, if they conduct an appraisal that values the property less than the contract price, the buyer either needs to make up the difference or come to an agreement with the seller. Without an appraisal contingency, the buyer is responsible for what they agreed to in the contract — with or without a loan. An appraisal contingency protects the buyer in case the bank will not allow the loan to go as high as the contract price.

This is by no means an exhaustive list and please remember contingencies can vary greatly from one offer to another. Each buyer and seller should work closely with their Realtor to decide what is best for them in each particular situation.

To learn more about contingencies and other real estate topics, we will be hosting a Virtual Happy Hour on April 22. We will be joined by a lender and a home inspector, and we will answer all of your questions about real estate! For an invitation, please send an email to [email protected].

Hope Peele is a licensed real estate agent with McEnearney Associates, Inc. She and her mother, Kim Peele, are The Peele Group serving Virginia and D.C. They are dedicated to helping clients through the challenges of buying or selling a home.

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

0 Comments

Address: 711 Prince Street
Neighborhood: Old Town
Listed:  $4,995,000

Circa 1800, this exquisite Old Town home affords grand style with comfortable living set on spacious lushly landscaped grounds. A covered porch and gorgeous entrance greet you upon arrival, graced by a leaded glass fanlight and sidelights showcasing an original curved staircase with a shadow rail. Generously proportioned rooms are designed for intimate and large-scale entertaining with high ceilings, eight fireplaces with original mantels and crystal chandeliers.

The chef will be inspired by the gourmet kitchen equipped with honed marble countertops, elongated center island, and premium appliances, which opens to the light-filled breakfast room overlooking the backyard oasis. The new family room addition features a gas fireplace, wet bar and heated floors providing a casual space for get-togethers or movie nights.

Six spacious bedrooms and five-and-a-half renovated baths are tastefully appointed including the luxurious master suite with a gas fireplace, his and hers walk-in closets plus a spa-like marble bath with in-floor heating. The elevator transports you to various floors, including the master suite, lower-level exercise area, full bath and wine room. Outdoors is a dream for hosting with a towering oak tree anchoring the beautifully maintained yard and wide terrace. You’ll have access to off-street parking for multiple cars with an electric gated entrance.

Listed by:
Babs Beckwith
McEnearney Associates
703-627-5421
[email protected]
BabsBeckwith.com

This past week, 53 properties were recently sold in Alexandria. These ranged from a $1.8 million Old Town townhome to a $194,000 1 BD/1 BA condo.

Zooming out, Homesnap reports 318 homes listed for sale in Alexandria, including 228 condos, 45 detached homes and 45 townhomes.

“The median list price is $449,000 and the median sales price is $530,000,” reports Homesnap. “There have been 137 new listings in the last 4 weeks and 279 sales.”

Here’s a look at a few of the properties sold in the past seven days:

In the market? Check out Just Listed properties in Alexandria.

0 Comments

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®. 

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. I, along with my two rock-star team members, Sue Kovalsky and Micki MacNaughton, have more than 35 years of experience in real estate and sold over $107 million in 2020!

Welcome to 5 E. Maple Street in the sought-after Rosemont neighborhood of Alexandria! This charming and classic Rosemont townhouse is ready for move-in and features two bedrooms and two full bathrooms, a walk-out basement and great outdoor space!

Walk into the living room and instantly feel right at home in the cozy and bright space. A formal dining area flows into the kitchen that boasts great cabinetry storage. Don’t miss the adorable screened in porch, perfect for sipping morning coffee year-round. The hardwood floors extend to the upper level where you’ll find two great sized bedrooms and a bathroom. The spacious walk-out level basement features a gas fireplace and open living area that’s perfect for a den, additional guest space or a home office. The options are endless! Rounding out the lower level are a full bathroom, utility room with cabinetry and three closets that provide ample storage in this adorable home.

Walk out back and enjoy the landscaped and fenced yard complete with an off-street parking space. Leave your car at home and walk to shops, restaurants, two Metro stops, Maury Elementary, Del Ray and Old Town — the location doesn’t get any better!

Welcome home!

5 E. Maple Street, Alexandria, VA 22301The Jen 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].

In the midst of COVID-19, we will not be hosting any in-person open houses. We will, however, be going live on our Instagram every weekend for our virtual tours. Stay updated with our virtual tours by following us on our Instagram page for updates.

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

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®.

0 Comments
Fall Graduate Commencement Ceremony held at Cassell Coliseum on Friday, December 14, 2018. (Photo by Erin Williams/Virginia Tech)

Virginia Tech’s Evening MBA program is among the best in the country, according to a 2022 survey of the nation’s top graduate schools by U.S. News & World Report.

In the newly released rankings of Best Part-time MBA programs, Virginia Tech’s Falls Church-based program is ranked No. 28 overall and No. 1 in Virginia.

In addition, Virginia Tech’s Arlington-based Executive MBA was named the nation’s fifth best by GreatBusinessSchools.org.

“The rankings reflect our commitment to providing students with top-quality education, immersive experiences, and a robust network that will strengthen their career prospects for years to come, all at a high-value tuition rate,” said Dana Hansson, director of MBA programs at Virginia Tech.

In January, Virginia Tech announced it will expand this commitment by offering a fully online MBA program.

“Accommodating students with virtual learning over the last year across all of our MBA formats allowed us to explore fully online delivery as a permanent option through the recently announced Online MBA. This new program seats its inaugural cohort this summer, and we’re already encouraged by the level of interest and strength of the applications we’ve received,” said Hansson.

The online program will build on the strength of Virginia Tech’s already established programs, said Parviz Ghandforoush, Associate Dean for Graduate Programs at Virginia Tech’s Pamplin College of Business.

“The new format allowed us to combine some of the tried and true features of our established in-person MBA formats and online master of information technology to craft the best possible educational experience for students who value consistent interaction with their classmates and also want the flexibility of an online program,” Ghandforoush said.

Program leadership is encouraged by the latest recognition for its Evening and Executive formats and looks forward to expanding its suite of part-time programs.

“Our strategic focus since 2013 has been to provide working professionals with flexible options that fit into their personal and professional lives. We’re excited to provide this new opportunity to professionals across the globe who want to further their careers and join our talented group of students and alumni who are proud to call themselves Hokies,” Hansson said.

Learn more about Virginia Tech MBA Programs at mba.vt.edu.

This week’s Q&A column is sponsored and written by Brian Bonnet, Senior Loan Officer (NMLS ID# 224811) of Atlantic Coast Mortgage, LLC (NMLS ID# 643114). To learn more about current mortgage rates and the home loan process, contact Brian at 703-766-6702 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: What are residential closing costs and how do they affect me?

Answer: One of the realities associated with the purchase and financing of residential real estate is the fact there will be transaction costs generally referred to as closing costs. Understanding, well in advance, what those costs will be is useful in planning for the purchase.

Transaction costs can be broken down into two broad categories — closing costs and prepaid/escrow expenses. Closing costs include fees charged by the lender, fees charged by the settlement company, and fees charged by state and local jurisdiction where the property is located.

Lender fees often include charges for the appraisal, credit report, processing fees, flood certifications and tax service fees. The total charges generally run between $1,800 and $2,300. Appraisal fees will vary depending upon the value of the appraisal and the complexity of the appraisal effort.

Settlement company charges generally include fees for their service, fees associated with the title search and preparation of the title binder, and lender’s and owner’s title insurance. Not including the cost of the title insurance, the settlement company fees usually total between $800 and $1,000.

Title insurance costs are driven by the sales price of the property, whether the borrower chooses to purchase owner’s title insurance, and further, whether the borrower chooses standard or enhanced owner’s title insurance. For a $300,000 purchase price with standard owner’s coverage, the title insurance costs would be somewhere between $1,550 and $1,700. At a price of $600,000 with the same election, the costs would range from $2,850 to $3,000. At a sales price of $1 million, the title insurance costs would range between $4,550 and $4,800. If the borrower chooses to purchase the enhanced type of owner’s title insurance, the total title insurance costs would be higher at all price points.

State and local jurisdiction costs vary from location to location and are also determined by the sales price and loan amount. In Virginia at a sales price of $600,000 with 20% down, the tax stamp cost would total $3,600. In Montgomery County, Maryland, the transfer and recordation taxes at that same price point and loan amount would total $6,955. In Washington, D.C., the recordation tax would be $8,700. Maryland and The District do offer some discounts for first-time purchasers in their jurisdictions.

The last group of costs associated with the purchase of residential property are prepaid and escrow expenses. If the purchaser is obtaining a mortgage loan, he/she must also obtain homeowner’s (hazard) insurance, which will vary in cost based on the price of the property. The premium for the first full year is generally collected at the time of settlement. In addition, three months of the annual premium are collected at settlement and placed in the borrower’s mortgage escrow account to ensure enough will be available the following year to cover the second-year premium. The borrower will also be responsible for covering any property tax due to the seller and the amount required in the escrow account necessary to cover the next real estate tax bill.

Lastly, if the property is a condominium or located within a homeowner’s association, the purchaser will be responsible for any refund to the seller of monthly dues, which had been paid in advance and for any fees required by the homeowner’s association.

If you would like more information to help plan your next move, please contact Brian Bonnet at [email protected] or call 703-766-6702.

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

0 Comments

Spring has arrived, and the real estate market is still hot in Alexandria.

This past week, 70 properties were recently sold in Alexandria — up five from last week. Sales included a 3 BD/3 BA boutique condo in Old Town for $3.6 million.

In total, as of April 4, Homesnap reports 319 homes listed for sale in Alexandria, including 229 condos, 45 detached homes and 45 townhomes.

“The median list price is $444,500 and the median sales price is $530,000,” reports Homesnap. “There have been 137 new listings in the last 4 weeks and 279 sales.”

Here’s a look at a few of the properties sold in the past seven days:

In the market? Check out Just Listed properties in Alexandria.

0 Comments

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®. 

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. I, along with my two rock-star team members, Sue Kovalsky and Micki MacNaughton, have more than 35 years of experience in real estate and sold over $107 million in 2020!

Welcome to 170 Wesmond in the friendly community of Lynhaven! The adorable front porch welcomes you into this three-level home that features two bedrooms and two full bathrooms. Hardwood floors cover the traditional layout of the main level with a separate dining room and new drum lighting. Walk through the kitchen and into the sunny and versatile addition that can be used as a family room or large home office!

Upstairs you’ll find two bedrooms, a full bath and linen closet. The lower level has a full bathroom, laundry area and is open and ready for your finishing touches. A nice big patio is off the rear of the home along with two off-street parking spaces. The community of Lynhaven is conveniently located to Del Ray, shops and restaurants, with easy access to Route 1, 395 and D.C. Welcome Home!

170 Wesmond Drive, Alexandria, VA 22305 — The Jen 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].

In the midst of COVID-19, we will not be hosting any in-person open houses. We will, however, be going live on our Instagram every weekend for our virtual tours. Stay updated with our virtual tours by following us on our Instagram page for updates.

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

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®.

0 Comments

This Neighborhood Spotlight is brought to you by The Seward Group of TTR Sotheby’s International Realty.

This month’s Neighborhood Spotlight lands on Beverley Hills.

Nestled in the hills above Del Ray and Rosemont is a neighborhood pocket called “Beverley Hills,” which encompasses the upper half of the broader neighborhood of North Ridge (portions of ZIP codes 22305 and 22302) in the City of Alexandria.

The boundaries for Beverley Hills are:

  • West Glebe on the north
  • ParkFairfax on the west
  • Russell Road on the east
  • Beverley Drive/Monticello Park on the south

Proximity to Washington D.C. (an easy drive from Glebe to 395) makes this a popular neighborhood for folks who need to get in and out of the District on a regular basis. Also, it’s less than a 10-minute drive to both National Airport (DCA) and the Pentagon. It’s just a 10 to 15-minute drive to Shirlington, Ballston, Crystal and Pentagon cities, and Old Town Alexandria — all great options for restaurants, dining and shopping without much traffic along the way!

The Beverly Hills Community

Beverley Hills is known for its rolling hill topography (not surprising, given its name), which provides stunning views, excellent opportunities for getting the heart rate up on walks and sledding!

“I love when we wake up to a fresh snowfall and the neighbors have blocked off Canyon Drive on each end — families are sledding downhill together, you feel like you are somewhere special.” — Nick Huck, a Beverly Hills resident

In this community, neighbors wave to one another in passing and check in on one another. When Rama and Jay Chauhan (Pullman Place) moved to the neighborhood from a row home in Washington, D.C. in 2017, they were pleasantly surprised with how welcomed their neighbors made them feel and the almost instantaneous support they had from their new community.

“[Our] neighbors feel like family; we can count on them for anything,” Rama said. “And all the walks we have taken during COVID have provided us with an opportunity to meet other folks in the neighborhood — everyone is friendly.”

They also happily pass the time together in local gathering spots, especially The Pit (aka Beverley Park) and Monticello Park. The Pit, renovated in 2017, features a large playground, nature play area, grass and plenty of seating for adults. Rumor has it that sometimes, after the dinner hour, adults may find their way there to relax and hang out with neighbors over a fire. Monticello Park, more of a nature park, is well-known for its bird watching, walking trail and dog run.

The tall, beautiful trees make Beverley Hills feel like a forest outside of the city. Members of the community have a strong appreciation and connection to the natural growth of wildlife in the neighborhood.

“The trees and flowers are something I feel like the neighborhood, in general, cares for,” Huck said. “I was just talking to two neighbors, and they told me about how the flowers growing in that yard were shared from another neighbor, who got them from yet another. In fact, some of our azaleas are from neighbors who shared them with our property.”

Residents also collectively enjoy the variety in architectural style. There are colonials, split-levels, ranchers, bungalows, Tudors and more!

Read More

2 Comment
×

Subscribe to our mailing list