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, Adrianna Vallario and Nancy Lacey, have more than 40 years of experience in real estate and sold over $145 million in 2023.

This listing from our McEnearney Colleagues, The BBZ Group, is a must see! Their listing boasts:

Opportunity Knocks! 3 BR + DEN | 3.5 BA | 2 Car Garage | Prime Riverfront Location

Look no further than this spacious and light-filled townhouse in Old Town’s premier waterfront community. The entry level features a marble floored foyer, a cozy study/TV room, coat closet, powder room and garage access. The main living level is well appointed with handsome built-in cabinets and bookcases and a gas fireplace. The dining area has a dash of light-filled glamour with its sleek chandelier and functional glass cabinets.

The roomy kitchen is recently updated with glass tile backsplash and new countertops on the more than ample workspace. It is well equipped with a downdraft cooktop, wall oven, built-in microwave, trash compactor and wine cooler. There is an inviting breakfast area with easy access to the balcony and glimpses of the river.

The third floor is home to the oversized primary suite which is sure to check all the boxes. Lofty ceilings, a bay window sitting area, a fully outfitted custom walk-in closet, oversized linen storage and a private en-suite bath with double-sink vanity, soaking tub and separate shower invite you to start and end your day in comfort. Bedroom #2 with its own private bath and a handy laundry station are also on this level. The top floor is home to spacious Bedroom #3, again with an en-suite bath. The cathedral ceiling, allows for extra storage as well as custom built-ins.

A bonus room, currently the home office, offers an unexpected but appreciated hideaway for work or hobbies. Numerous extras include remote controlled shades throughout, an abundance of accessible storage, automatic water cut-off system and newly installed, premium carpet on the stairs and bedroom levels. Open this weekend Saturday and Sunday from 2-4 p.m.

3 Franklin Street, Alexandria 22314 — $1,499,000

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

• 1211 Queen Street, Alexandria 22314 — $810,000
• 908 Allison Street, Alexandria 22302 — $1,050,000
• 108 N Payne Street, Alexandria 22314 — $1,850,000
• 1210 N Chambliss Street, Alexandria 22312 — $849,900

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 40 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

Here in Alexandria, real estate is a spectator sport. Let’s take a look at some of the most and least expensive condos sold last month (January 2024).

Most expensive condos sold

1. 828 Slaters Ln Unit 201 — Potomac Yard — $890,000 (2 beds | 2 baths | 1,422 sq. ft.)
2. 320 S West St Unit 301 — Old Town — $870,000 (2 beds | 2 baths | 1,588 sq. ft.)
3. 3600 S Glebe Rd Unit 1118W — Crystal City — $790,000 (2 beds | 2 baths | 1,287 sq. ft.)
4. 1312 King St Unit 306 — Parker-Gray — $724,900 (2 beds | 1 baths | 807 sq. ft.)
5. 1312 King St Unit 206 — Parker-Gray — $710,000 (2 beds | 1 baths | 807 sq. ft.)

Least expensive condos sold*

1. 4600 Duke St Unit 911 — Seminary Hill — $200,000 (1 beds | 1 baths | 825 sq. ft.)
2. 6300 Stevenson ave Unit 120 — Landmark — $200,000 (1 bed | 1 bath | 749 sq. ft.)
3. 75 S Reynolds St Unit 415 — Landmark — $215,000 (1 bed | 1 bath | 708 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

(Updated 4:15 p.m.) Alexandria experienced a 12.4%, or $440 million, drop in office property values this year, according to the city’s Office of Real Estate Assessments, and it could mean a reduction in city services.

Alexandria’s real estate tax base grew by just .33% this year, about $200 million, for a total of $48.49 billion, which is the smallest growth in 15 years, Mayor Justin Wilson tweeted. The city’s commercial property tax rate fell 4%, or $736.9 million.

The value of the city’s office properties fell 12.38%, from $3.58 billion in 2023 to $3.14 billion in 2024, according to a city report that City Council will receive in a legislative meeting on Tuesday night (Feb. 13). It’s the second year in a row that office properties dipped in value, dropping 10% last year.

The assessments also mean that the value of Alexandria’s total residential tax base has once again outpaced its commercial tax base, with the city’s residential tax base this year increasing by 3%, or $871.3 million. The average value of a single-family home value increased by 2.33% to $962,276, and the average value of a condo in the city is $423,765, an increase of roughly 4% over last year.

“Over 90% of that growth is from new development and the rest from appreciation,” Wilson wrote.

Wilson tweeted that the decrease was in spite of $237 million in commercial growth, along with $161 million in residential multi-family development.

City Council member John Taylor Chapman says that the reduction in revenue will mean a lean fiscal year 2025 budget for City Manager Jim Parajon. His draft budget will be presented to the City Council on Tuesday, Feb. 27.

“It means for this year’s budget that we’re gonna have to look at cuts around city services,” Chapman said. “We need to continue to press on how we deal with losses in the commercial, particularly the office building, sector. We’ve converted a number of old office buildings to residential, and I think that’s something that’s going to continue.”

A city report cited that the lingering effects of the coronavirus pandemic have made commercial real property a “considerable downside risk” for the city.

According to the report:

Commercial real estate is viewed as a more predictable investment asset, unlike stocks, bonds, and other paper assets which tend to be more volatile and react swiftly to economic sentiment. While commercial real estate performance is also sensitive to economic shifts, changes typically happen slowly. Since the pandemic, however, the commercial real property has demonstrated considerable downside risk. This is particularly evident in the office market where high vacancy, inflated tenant fit-up costs, and significant increases in capitalization rates have been detrimental to values.

Due to increased interest rates and continuing uncertainty in the market, there were few arm’s-length commercial sales transactions in 2023. However, those that did occur were adequate to judge market sentiment. Three large rental apartment projects, four office buildings, and approximately sixteen general commercial properties transferred in 2023. The transactions in all property classes were a mixture of performing assets, value-add, and buildings that involve a conversion in land use.

Parajon faced a $17 million budget shortfall when he started crafting last year’s budget, but it was wiped away by unexpectedly high real estate assessments and $4.6 million in citywide efficiency reductions.

This year, the city said that there were four sales of office buildings in 2023, and that many buildings are being repurposed into multi-family rental buildings or residential condominiums.

The following offices were converted to other uses in 2023:

• 801 N. Fairfax Street, converted into 54 condominium units
• 625 and 635 Slaters Lane, converted into 80 condominium units
• 4900 Seminary Road, converted into 212 multifamily rental units

The following office conversions have been proposed:

• 901 N Pitt Street
• Transpotomac Plaza, 1033 N. Fairfax Street
• 1101 King Street

More 2024 Alexandria Assessment Data:

Increases varied around the City

The average single-family home increased 2.33% to $962,276

The average condo home increased 3.96% to $423,765 pic.twitter.com/eVqnDzpQvo

— Justin Wilson (@justindotnet) February 7, 2024

More 2024 Alexandria Assessment Data:

The commercial tax base decreased by $736M.

This net decrease was in spite of $237M of new commercial growth, of which $161M was residential multi-family development (rental housing). pic.twitter.com/vTSRngRt0Q

— Justin Wilson (@justindotnet) February 7, 2024

 

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, Adrianna Vallario and Nancy Lacey, have more than 40 years of experience in real estate and sold over $145 million in 2023.

This listing by our McEnearney Colleague Wendy Santantonio, is a must see! Her listing boasts just six blocks to King Street’s dining and shopping district and tucked away in a quiet, beautifully landscaped courtyard sits this classic three-level brick home. The 3 bedroom, 2 1/2 bath townhouse provides a seamless marriage of modern amenities while nestled amongst the charm of Old Town’s historic district.

This home boasts nearly 1,300 square feet of finished space, hardwood floors throughout, crown molding and one assigned covered garage parking space. The functional open living and dining area features built-in display and storage space, a wood-burning fireplace, and recessed lighting.

French doors offer a view of — and easy access to — the private fenced back courtyard, perfect for al fresco dining, grilling, relaxing, and entertaining. The updated kitchen features white cabinetry, granite counters, and a decorative backsplash. A discretely located powder room rounds out the main level. The second floor of the home features two of the home’s bedrooms, a recently renovated full bathroom with a tub/shower combination with large format subway tiles and a marble-topped vanity, and a linen closet. The stacked front-loading washer and dryer are also conveniently located on this level. The home’s top level features a large primary suite with hardwood floors, vaulted ceilings, and an additional recently renovated full bath with a walk-in shower with a rain showerhead as well as a vessel sink.

Monthly condo dues for the Washington Square community include exterior maintenance (including the roof), water, trash and snow removal, common area landscaping, and common area maintenance, including the parking garage and elevator. *Washington Square is approved for VA loans.*

The home’s central Old Town location is a commuter’s dream: one mile to King Street Metro, one block away from a Metrobus stop (with direct routes into D.C.), and easy access to I-95/495, Route 1, and the GW Parkway. Whole Foods, Harris Teeter, Trader Joe’s, Balducci’s, coffee shops, bike and walking trails, and farmers’ markets are also located conveniently nearby.

630 S Columbus Street, Alexandria 22314 — $749,900

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

• 215 Tennessee Avenue, Alexandria 22305 — $774,900
• 181 Reed Avenue #108, Alexandria 22305 — $550,000
• 1210 Queen Street #8, Alexandria 22314 — $715,000
• 1015 Duke Street, Alexandria 22314 — $1,899,999
• 203 S Royal Street, Alexandria 22314 — $1,335,000

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 40 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

Here in Alexandria, real estate is a spectator sport. Let’s take a look at some of the most and least expensive single-family homes sold last month (January 2024).

Most expensive single-family homes sold

1. 1200 Karig Place — Seminary Hill — $3,868,839 (6 beds | 7 baths | 9,801 sq. ft.)
2. 803 Russell Rd — Rosemont — $2,225,000 (5 beds | 4.5 baths | 3,880 sq. ft.)
3. 1305 Dartmouth Rd — Taylor Run — $2,091,305 (6 beds | 4.5 baths | 6,500 sq. ft.)
4. 1807 Mount Vernon Ave — Del Ray — $1,875,000 (– beds | — baths | 4,740 sq. ft.)
5. 206 Laverne Ave — Del Ray — $1,770,000 (6 beds | 4.5 baths | 3,600 sq. ft.)

Least expensive single-family homes sold*

1. 4534 Seminary Rd — — $692,500 (4 beds | 3 baths | 3,276 sq. ft.)
2. 620 S Washington St — — $800,000 (3 beds | 3.5 baths | 2,094 sq. ft.)
3. 410 Thomas St — — $815,000 (2 beds | 2 baths | 1,425 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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, Adrianna Vallario and Nancy Lacey, have more than 40 years of experience in real estate and sold over $145 million in 2023.

Welcome to 925 Rolfe Place! This beautiful end-unit townhome located at the end of a serene dead-end street in the Powhatan Place neighborhood.

Step inside and discover the perfect blend of modern elegance and comfort. The kitchen, with eat-in space, features warm hardwood flooring, a stylish tiled backsplash, stainless steel appliances, and sleek granite countertops. Large windows flood the space with natural light, creating an inviting atmosphere. Adjacent to the kitchen, the dining room showcases charming chair railing, seamlessly connecting to the spacious living room adorned with a cozy fireplace. French doors open to a generously sized deck, providing a perfect setting for entertaining guests or sipping your morning coffee.

Head to the upper level and you’ll find the expansive primary bedroom boasting a vaulted ceiling and an en-suite bathroom. The second bedroom is bathed in natural light through its large windows, while the versatile third bedroom offers flexibility for use as an office or nursery. A second bathroom with a square ceramic tile shower/tub completes this floor. On the first level, warm flooring and clean line painting create a welcoming ambiance. Discover the convenience of a coveted first-floor half-bathroom.

The recreation room, with French doors opening to the backyard patio adorned with trees and mature plantings, provides a tranquil retreat. Concealed behind closed doors, a top-loading washer and dryer add practicality to this level. Parking is a breeze with options in the driveway, immaculate garage, or in the lot out back.

Take a short stroll to discover the vibrant neighborhood — dine at restaurants and coffee shops off Slater’s Lane or explore an array of eateries, grocery stores, and entertainment options in North Old Town. For outdoor enthusiasts, the GW bike path is just blocks away. Commute with ease as the bus stop is down the street, Braddock Road Metro is less than a mile away, and GW Parkway and 395 are conveniently close. National Airport is a mere 3.5 miles away.

Experience the perfect combination of style, comfort, and convenience — welcome home!

Open House: Sunday, January 28 from 1-3 p.m.

925 Rolfe Place, Alexandria 22314 — $874,900

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

• 532 Duncan Avenue, Alexandria 22301 — $729,900
• 317 E Mount Ida Avenue, Alexandria 22301 — $774,800
• 503 E Alexandria Avenue, Alexandria 22301 — $830,000

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 40 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

Here in Alexandria, real estate is a spectator sport. Let’s take a look at some of the smallest and largest homes sold last month (December 2023).

Largest homes sold

1. 126 S Fairfax St — Old Town — $2,075,000 (9 beds | 6 baths | 6,974 sq. ft.)
2. 3705 Fort Worth Ave — Seminary Hill — $1,410,000 (4 beds | 4 baths | 3,866 sq. ft.)
3. 1318 van Valkenburgh Ln — Rosemont — $1,365,000 (5 beds | 3.5 baths | 3,747 sq. ft.)

Smallest homes sold*

1. 3824 Brighton Ct — Arlandria — $673,500 (4 beds | 4 baths | 1,680 sq. ft.)
2. 3705 S George Mason Dr Unit 305S — Bailey’s Crossroads — $390,000 (3 beds | 2 baths | 1,712 sq. ft.)
3. 701 Swann Ave Unit ANSI ONE-102 — Potomac Yard — $1,009,000 (3 beds | 2.5 baths | 1,781 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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, Adrianna Vallario and Nancy Lacey, have more than 40 years of experience in real estate and sold over $145 million in 2023.

This amazing property is truly one of a kind and one you must see to believe. Sited on a very private lot of over 1.25 acres, the home features five bedrooms, three full baths, pool and pool house and a two-car garage.

The home is grand, with 9-foot ceilings on the main level. Enter the foyer and walk into a very large, formal living room with fireplace. This space opens up to a sitting room and flows easily to the dining room, which can easily accommodate 12+. Beyond the dining room is a convenient butler’s pantry with access to the kitchen — both were recently renovated and feature inset cabinetry, marble counters and backsplashes. The kitchen boasts a Thermidor refrigerator and Viking cooktop with separate double wall ovens. An adjoining pantry/mudroom has additional cabinetry, laundry, built-in shelving, an additional refrigerator, and plenty of counter space.

In the rear of the home, you will find an extraordinary family room — with beautiful, vaulted ceilings, hidden storage, an oversized fireplace and more; this is the perfect room to host parties or enjoy cozy nights by the fire. Just off the family room is a wood-paneled sunroom. This light and airy room is great for more casual get-togethers or overflow space while entertaining. Off the family room is a grand screened porch, with plenty of space for relaxing or hosting! Rounding out this level is an office/library with an adjacent full bathroom.

Head upstairs to five bedrooms and two full bathrooms. The primary features three closets and an en-suite bath. The renovated bathroom features an oversized shower, double vanities, and a linen closet (the bath also has access to the walk-up attic). The second bedroom (currently an office) has a great size, vaulted ceiling, and beautiful light. Two additional large bedrooms and one smaller bedroom with a hall bath round out this level.

The grounds of this property are simply stunning. A two-car garage is adjacent to the main house — accessible under a breezeway. Beyond that is the pool (20′ by 40’) and pool buildings — one 6′ by 10′ for equipment and one 12′ by 10′ — great for a shady nap or watching TV in between swims. The pool liner was replaced in 2022, and the pool has a solar cover on a roller that easily gets the pool up to 90 degrees by early summer. Mature plantings and trees dot the landscape. To the right of the main house is additional side yard space with a 10′ by 16′ garden shed.

Park in the garage or pull up to the front using the circular driveway — you do not want to miss this spectacular home.

4001 Lawrence Avenue, Alexandria 22304 — $2,695,000

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

• 2706 Valley Drive, Alexandria 22302 — $1,725,000
• 3101 N Hampton #810, Alexandria 22302 — $350,000
• 1355 Powhatan Street, Alexandria 22314 — $1,150,000
• 701 Swann Avenue #106, Alexandria 22301 — $698,000
• 2181 Jamieson Avenue #411, Alexandria 22314 — $440,000

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 40 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

Here in Alexandria, real estate is a spectator sport. Let’s take a look at some of the most and least expensive townhouses sold last month (December 2023).

Most expensive townhouses sold

1. 100 Gibbon St — Old Town — $2,600,000 (4 beds | 4.5 baths | 3,388 sq. ft.)
2. 101 Quay St — Old Town — $2,400,000 (4 beds | 4 baths | 3,060 sq. ft.)
3. 24 Alexander St — Old Town — $2,125,000 (3 beds | 3.5 baths | 2,930 sq. ft.)

Least expensive townhouses sold*

1. 3434 Gunston Rd — North Ridge — $430,000 (2 beds | 1 baths | 930 sq. ft.)
2. 134 Wesmond Dr — Potomac West — $448,650 (2 beds | 2 baths | 864 sq. ft.)
3. 3342 Gunston Rd — North Ridge — $459,900 (2 beds | 1 baths | 900 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

Here in Alexandria, real estate is a spectator sport. Let’s take a look at some of the most and least expensive condos sold last month (December 2023).

Most expensive condos sold

1. 925 N Fairfax St Unit 1107 — Old Town — $2,289,900 (2 beds | 2 baths | 2,147 sq. ft.)
2. 310 Strand St Unit 301 — Old Town — $1,560,000 (2 beds | 2 baths | 1,444 sq. ft.)
3. 1201 N Royal St Unit 705 — Old Town — $1,150,000 (1 beds | 2 baths | 1,220 sq. ft.)
4. 625 Slaters Ln Unit 403 — Potomac Yard — $1,150,000 (2 beds | 2 baths | 1,551 sq. ft.)
5. 1201 N Royal St Unit 211 — Old Town — $1,100,000 (2 beds | 2 baths | 1,448 sq. ft.)

Least expensive condos sold*

1. 6145 Edsall Rd Unit K — Landmark — $203,175 (1 beds | 1 baths | 753 sq. ft.)
2. 60 S Van Dorn St Unit 214 — Landmark — $210,000 (1 beds | 1 baths | 708 sq. ft.)
3. 301 N Beauregard St Unit 108 — Lincolnia Hill — $210,000 (1 beds | 4 baths | 943 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.