Alexandria is developing a request for proposal (RFP) to potentially sell a tiny parcel of land at 2 King Street on the Alexandria waterfront.
The 1,825-square-foot property is between Waterfront Park and The Strand Street, and has been rented out as a parking lot for neighboring businesses since it was acquired in the 2014 land swap with the Old Dominion Boat Club.
D.C.-based real estate investment firm Willow Creek Partners has bought a West End 189-unit apartment complex.
Willow Creek Partners bought the property from Baltimore-based Continental Realty Corporation, the latter of which bought it for $23 million in 2011. The apartment complex was built in 1963, and includes one-, two- and three-bedroom designs and seven separate floor plans.
There are homes you can actually afford, and then there are homes that are just fun to look at. Our list of the most expensive recently-sold homes in Alexandria, below, is definitely the latter for all but the most well-heeled.
Image via Google Maps
There are homes you can actually afford, and then there are homes that are just fun to look at. Our list of the most expensive recently-sold homes in Alexandria, below, is definitely the latter for all but the most well-heeled.
Image via Google Maps
Alexandria’s annual budget process wrapped up this week with a $839.2 million fiscal year 2023 budget approval and special tax relief for car owners.
Meanwhile, an uptick in opioid overdoses among children has Alexandria City Public Schools considering adding Narcan to schools and city officials issuing warnings about counterfeit Percocet.
There are a number of ghost signs on buildings all over Old Town, and a home to one of them just went on the market for $1.1 milion.
That’s a far cry from the $414,000 that 601 S. St. Asaph Street was sold for in 2014 — and the $11,093 it sold for in 1962.
It’s about to get a little more expensive to live in Alexandria. The City Council on Saturday (April 23) will set the real estate tax rate and likely increase the stormwater utility fee for residents by 5%.
In real terms, that means residents could expect to pay between $445 and $477 per year more in real estate taxes, as City Manager Jim Parajon’s proposed budget maintains the current tax rate at $1.11 per $100 of assessed value.
Last month, the top two most expensive homes sold in March were at Robinson Landing (7 Pioneer Mill Way), a waterfront development in Old Town.
In Alexandria, the median list price is $610,000 and the median sales price is $545,000, with a slight decline in the median sales price, according to real estate website Homesnap.
Last month in Alexandria’s real estate market, home prices crept up while the overall number of home sales dipped.
There were 170 home sales throughout February, with an average price increase of 6.6% compared to January, according to real estate website Homesnap.
Alexandria’s land records date back to the 18th century, and the city’s Clerk of the Circuit Court just secured more than $43,000 in grant funding to conserve those records and digitize them for public enjoyment.
This is the second year that the clerk’s office has been awarded the grant, which is made possible through the Circuit Court Records Preservation program from the Virginia Court Clerks Association and the Library of Virginia. Approximately $4.7 million was awarded to clerks offices throughout Virginia this year.
(Updated at 1:45 p.m. on Jan. 5) The new owner of 628 King Street is shopping the property around, and wants it to remain two retail spaces.
Douglas Development now owns three of the four buildings at the intersection of King and Washington Streets. The D.C.-based commercial real estate firm owns the adjacent properties at 700 (Lululemon) and 701 King Street (the now-closed Le Pain Quotidien), as well as 610 King Street (Anthropologie), 614 King Street (H&M) and 615 King Street (the former Walgreens) and 700 King Street.
