Welcome to Darden Towns — a small community of 4 luxury townhomes presented by Old Creek Homes!

Only half a block off Mt. Vernon Avenue, these luxury townhomes have 5 bedrooms, 4.5 baths with a modern open floor plan. The 3,200 square feet of living space includes a kitchen with a large island, and beautiful tiled backsplash. Each home also has a large basement family room perfect for entertaining, centered around a gas fireplace and stunning accent wall.


Question: What are the benefits of paying points to buy down my interest rate?

Answer: Historically, and on average across the nation, most consumers have paid just under one discount point to obtain the rate for their mortgage. One point is 1% of the loan amount. In the Washington metropolitan area — where the average length of time a consumer owns their home is lower than the national average — buyers have typically paid zero discount points at closing for their mortgage interest rate.


Question: How do I prepare my home for the market without breaking the bank?

Answer: I am often asked this question when I am working with a seller getting ready to put their house on the market. Interestingly enough, I am currently in the process of helping several clients determine their pre-market punch list.


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 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?


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