Just Listed & Under Contract!

This gorgeous home was on the market just under 2 weeks, and received 4 offers with very competitive terms. We provide insight on staging, de-cluttering the home and renovations that were most appealing to buyers.

– Bright and sunny 2 level condo in Kingsgate Community
– Open and inviting floorplan with gleaming hardwood floors on the main level
– Gourmet kitchen with stainless steel appliances, granite counter tops, pantry and breakfast counter
– Separate living room, dinning room and half bath on the main level
– Cozy family room complete with built-in bookcases, ceiling fan and remote controlled gas fireplace
– Private patio for outdoor entertaining off the family room
– NEW upgraded carpet on the stairs and upper level hall
– 2 Master Bedroom Suites with ceiling fans and multiple closets with built-in organizers including a walk-in closet in the second Master
– First master features an updated ensuite bath with tub/shower combo
– Second master features an updated luxury full bath that has a dual sink vanity with quartz countertop, ceramic tile and an oversized walk in shower
– Full size washer and Dryer
-NEW HVAC in June of 2016
– Low condo fee and adjacent to shopping and dining
– Close to Washington, DC and less than 3 miles to I-395 and King Street Metro.

Other units in Kingsgate have sold for $350K-$410K, depending on size, location and upgrades. The more updated units have sold in the high $300K’s and low $400k’s. We listed this unit at $405K.

Email Katie@wethmangroup.com for more information or to see how you can get top dollar for your home!

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Just Listed: 4521 11th St. N Arlington, VA 22201

• Unbeatable location only 0.3 miles to the Ballston Metro!
• End-Unit, all brick 3 level townhouse
• Slate entrance foyer with entry level bedroom and full bathroom
• Family room with built-in shelving, recessed lighting, wood burning fireplace, mantle and dual opening French doors
• Walk-out level, fully-fenced back yard with stamped concrete patio perfect for entertaining
• Main level has hardwood floors in half bath, separate dining room and living room and a wood burning fireplace
• Eat-in kitchen has NEW ceramic tile flooring and bright and sunny bay window
• Upper level features Master Suite complete with walk-in closet with custom shelving, an additional closet, ceiling fan and an en-suite full bath with marble vanity top and ceramic tile
• 2 additional bedrooms with ceiling fans and wall to wall carpeting
• Separate full hall bath with marble counter top and ceramic tile
• Recent improvements include: stamped concrete patio, cedar privacy fence, roof, attic insulation, exhaust fans in both upper level bathrooms, marble master bathroom counter top, ceramic tile kitchen floor & lower level carpet
• Ideally located just moments away from Ballston and Virginia Square Metro Stations & the development of the Orange Line corridor, shops, restaurants and nightlife
• Close by parks, playgrounds, library and easy access to I-66

Townhomes in this area are very popular, with the location to Ballston shopping and retail. Homes in this area have sold for $650K-$970K, depending on size, upgrades and location to metro. This home was listed for $819K.

Curious about the Arlington market? Contact us today for more details.

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Just Listed: 3808 N. Pershing Drive Arlington, VA 22203

• Charming Ashton Heights Colonial in Arlington with traditional hardwood floors, curved archways, glass door knob hardware and recessed lighting throughout.
• Inviting living room with brick wood burning Rumsford fireplace.
• Main level den with built-in shelving, window seat, cabinet drawers and dual skylights.
• Separate dining room opens to gourmet kitchen with maple cabinets, ceramic cooktop and stainless steel appliances including a Kitchen Aide convection oven.
• Upper level features Master bed room with hardwood floors, ceiling fan and multiple windows allowing natural sunlight.
• Second bedroom with double closets and hardwood floors.
• Full hall bath complete with beautiful marble floor, counter top, subway tile and chrome fixtures.
• Lower level fully finished family room with newer wall to wall neutral carpet and recessed lighting.
• Third bedroom has dual closets with plenty of storage.
• Full bathroom with granite counter top vanity and ceramic tiled shower.
• Additional features include energy efficient water heater and front loading washing machine, Anderson high efficient replacement windows throughout, front-loading attached one-car garage.
• Gorgeous 5,650 square feet garden lot featuring professional landscaping and a private fully-fenced backyard with wood sundeck and mature trees.
• Around the corner from Ballston/Clarendon/Virginia Square Metro orange line corridor, ART transit, Metrobus stops, bike paths, trails, and neighborhood parks.
• Only 4 ½ miles to Washington DC!

Home in Ashton Heights sell for $500-$1.5M Depending on the size, location and upgrades in the home. This house is listed for $759,999. We worked with the seller to complete minor updates to the home, and recommended that they have it professionally staged. We had over 14 buyer showings scheduled in less than two days on the market.

Contact us for more information or to set up a showing!

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The Wethman Group’s Real Estate News

January 2017

Greetings!

The New Year is off to a quick start in the real estate world.  Is buying or selling a home one of your New Year’s resolutions?  It’s time to get started!  December median home prices in our area were the highest on record, up 4% from last year, but relatively stable since November, up only .08%. Inventories are typically low in the winter months, which is compounding the already very low inventory trend we are seeing in this area. Inventories are still 15% above the all time low in 2012, but below the 5 and 10 year averages.
Buyers are still quite active. We have several clients right now waiting for inventory to hit the market in the next few months to make a move. Buyers and sellers alike may be feeling the pressure to move while interest rates have, perhaps temporarily, leveled off since the increase that began in late October.
I know we have been saying this for months now, but it’s a great time to sell! If you are able to be flexible with your move plans, don’t wait until spring- talk to us about getting ready to go on the market now. Sellers, our experience shows that February is a great time to list – often resulting in multiple offers!
Buyers, get ready for the spring pop in inventory by educating yourself about the home buying process, and getting pre-approved with a lender. We are hosting our popular First Time Home Buyer Class next month, details below and work with some fantastic lenders, so ask us for recommendations based on your goals and circumstances.
We need reviews!  If you’re a past client, don’t forget to leave us a review to be entered into a drawing for two free Caps tickets (they’re doing great, by the way)!
Upcoming First Time Home Buyer Class
Tuesday, February 21st, Capitol City Brewery Register Here
As always, if you or someone you know has a real estate need, we’re here to help.
The Wethman Group
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Under Contract: 700 Blueberry Hill

Buyers are out, and MOTVATED! We ratified another property in McLean, this week.

This home is located in the desirable Merrywood on the Potomac, with the unique benefits of a single family home, that actually has condo ownership.

The comps for this neighborhood range, but are above $1M for most recent sales. The lowest Sale was 706 Blueberry Hill for $982K in 2015. And the highest sale was 1300 Skipworth for $1.75M in 2016

• This home features 5 bedrooms and 4 1/2 bathrooms.
• Inviting foyer entrance and expansive floor plan.
• Separate formal dining room with wood burning fireplace, perfect for large tables and entertaining.
• Gracious living room off kitchen with sunny bay window overlooking the yard.
• Spacious gourmet kitchen with plenty of counter space, breakfast area with balcony and custom pantry.
• Office off of the foyer with custom wet-bar and built-in shelving can also be used as a study or den.
• Enviable master suite with attached full bathroom. dual-entry walk-in closet and additional second closet.
• Three generous sized bedrooms on upper level, with two full bathrooms.
• Lower-level features expansive family room with a fireplace, built-in wet bar for entertaining, additional 5th bedroom /home gym, full bathroom and huge storage room.
• Stunning private backyard with in-ground swimming pool, patio and extensive landscaped gardens.
• Over-sized 2 car garage with plenty of space for additional storage.
• Laundry room/mudroom conveniently located off of kitchen.
• Updates include: newer hot water heater & HVAC, slate roof and large double hung windows.
• This home is part of the section 2 cluster, and is only attached on one side.
• Ideal location minutes to the GW Parkway Chain Bridge Road, Tyson’s, Georgetown and Downtown DC.

This home is listed for $1,199,000.

Email Katie@wethmangroup.com for more information or to to find out the most accurate price for your home!

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SOLD: 520 John Carlyle St. #437 Alexandria, VA 22314

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Congrats to our client for selling her loft style, studio in Alexandria!

We listed her home in December, had lots of interest and received a full price offer in less than a week!

Her studio was beautifully update with hardwood floors, high ceilings, gourmet kitchen with granite counter and stainless appliances, two closets and a large bathroom.

Other units in this building have sold for $380K+ for a one bedroom and up to $599K for 2 bedroom unit. We listed and sold this studio for $289,000 with no seller subsidy. Even over the holiday season, we were able to list and sell this unit for a great price for our client!

If you are interested in selling your condo or home, please contact us for a customize price and marketing plan!

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520 John Carlyle St. #437 Alexandria, VA 22314

• 4th floor studio in prime Alexandria location overlooking courtyard
• 15ft+ ceilings with loft feel
• Ideal layout with alcove for bedroom
• Updated kitchen with maple cabinets, granite counters and stainless appliances and electric range
• Inviting living area with large picture windows
• Two large closets leading to bathroom, with plenty of storage
• Spacious master bath with granite counter, updated vanity and shower/bath tub combo.
• In-unit stacked washer and dryer
• Three building elevators for use
• 1 assigned underground garage parking spot
• $100/year pool membership available
• Various retail shops on main level of building including a Pho restaurant, dry cleaners, nail salon, on-site post office, etc.
• Beautiful landscaped courtyard
• Starbucks is located across the street.
• Whole Foods Market is just minutes away
• Convenient to Old Town Alexandria, King St Metro and more!

Email Katie@wethmangroup.com for more information or to set up a showing.

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SOLD- 204 S Ivy St Arlington, VA

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Who says the fall market is slow? We received and offer even before going on the market!

Gorgeous 3 bedroom, 2.5 bath home in Arlington Heights. Inviting living room with fireplace, large dining room and updated kitchen with new tile floors, refreshed cabinets and granite counter tops. Spacious master bedroom with attached half bathroom. Two other bedrooms with hardwood floors, and full bath with shower/tub combo. Bonus rec room in basement with space that sellers are using as a 4th bedroom. Screened in porch, slate patio with fully fenced yard with garage and driveway.

The house was painted, carpet was replaced, tile was installed and other small repairs were completed in preparation to go on the market.

Homes in this neighborhood have sold for $600K-$1.1M+ depending on size, updates and location. This home was abut 2000 sq feet, but had fantastic curb appeal and a large flat back yard. We sold this home for $805K.

Contact us if you have questions about the best updates for your home, and how to maximize your sales price.

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1031 Exchange

Are you an seller or investor looking to sell a property, buy a new property, but want to avoid paying capital gains or recapture taxes?

Have you heard of 1031 exchange? This is a process where you are redistributing the equity of one property into another investment, to defer additional taxes.

Here are some simple facts on the 1031 process;
1. Sell property & identify new purchase within 90 days.
2. Find a like kind/replacement property you want to acquire. (Must be equal or greater value).
3. Reinvest all equity into the new property OR apply equity to a higher valued property.

This transaction is similar to a trade, where the equity is transferred to a new property, rather than received as proceeds, and taxed.

We have had clients sell a long term investment property, for a new construction investment, sell their investment, and apply the proceeds towards a portion of an investment or, apply the equity of one property to the purchase three new properties.

As part of the exchange process, the purchase property must be identified with in the specified time frame, and the owner may not receive cash or other benefits from the sale.

Using a Qualified Intermediary to complete this process is highly recommended, given the complicated nature and timing of the transactions.

If you have more questions about completing a 1031 Exchange, our team has completed these types of transactions on our personal properties, and for clients. Contact us today, for more info!

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Seller Class: Postponed Until September

Are you or someone you know thinking of selling in the next 12 months?

Join us for a FREE Educational Seminar 

Keller Williams McLean: 6820 Elm St Suite 100

Tuesday, July 26th  September date to be announced

7pm-8:30pm

Topics to include:

  • Overview of the Local Current Housing Market
  • Home Listing Process and Expected Timeline
  • Financing Options for Buying Your New Home Before Selling
  • Fees and Closing Costs
  • Repairs or Updates that Bring the Most Return
  • Staging Tips
  • Seller Representation and Choosing an Agent
  • Additional time for your Questions

Register here to join.

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