The Wethman Group’s Real Estate News

June 2017

Greetings!
The temps are hot and so is the market! The median sales price in our area reached the all-time high for any month on record, topping the previous high of $446,000 reached in June 2016. New contract activity was up over 4% over last May’s record.
May finally saw a nice increase in new listings, up 8.7% over last year, and 5.5% over last month, but it wasn’t enough to make up for the already low level of inventory we have been seeing. A lot of new listings are snatched up within days of entering the market. Median Days on Market (DOM) at 10 days- the second lowest mark in a decade (9 days in 2013). Which means active listing (those available to buy) in May were still down 10.9% from this time last year and at the lowest May level since 2013.
We’re seeing multiple bids on most properties that are priced to sell, and significant offers over asking in a few pockets of DC and Arlington. Even though the market is competitive, we have a lot of happy buyers right now! Making the most attractive offer isn’t just about competing on price. There are many components that play into the strategy of an offer. If you are thinking of buying, let us guide you on how to put your best foot forward in this hot market. Set up a conversation with one of our buyer agents to come up with a strategy that is tailored to your goals.
Thinking of selling? Now’s the time! Inventory is still at the lowest level we have seen in 4 years and prices are reaching record highs. Buyers are well informed and ready to move. If you have been considering a change, start the conversation with our listing team to figure out your how to position your property to maximize your return.

Upcoming Event: Client Appreciation Day at the Nats Game
To show our appreciation for our business, we’d love to take you out to the ballgame! Join us as the Nationals take on the Braves, Sunday, July 9th at 1:35pm. Tickets are on us, but you must RSVP. If you are a current or past client, or have referred clients to us, and haven’t yet received your invite, reach out to us at baseball@wethmangroup.com and we’ll get you squared away!
Love us? Review us! Your reviews mean so much to our business. Share your experience online at Yelp, Zillow, Angie’s List, or on Facebook, and you will be entered into a quarterly drawing for a $100 gift card. Plus, you will instantly receive our deepest gratitude! This quarter’s winner: Meghan Hurley! Meghan got 3 entries for her awesome reviews on Yelp, Zillow, AND Facebook. Thanks, Meghan!
As always, if you or someone you know has a real estate need please reach out. We’re here to help!
The Wethman Group
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Just Listed & Under Contract 6302 Walyes St, Springfield VA

Listed last week, and we received a contract in less than 5 days! Details on the property below:

Spacious 4 bedroom, 3 bath home in Monticello Woods neighborhood.
Newly refinished hardwood floors in hallway, living room and bedrooms.
Spacious living room with large picture window and wood burning fireplace.
Large eat in kitchen with bay window, brick accent wall, recessed lighting 42 inch cabinets, cook top, double oven, pantry and extra counter/storage space.
Bedrooms on main level feature hardwood flooring, ample closets and lot of natural light.
Master bedroom features attached bath with standing shower.
Hall bath features white vanity along with shower & tub combo.
Expansive lower level features recreation/media room with recessed lighting and 2nd wood burning fireplace.
Huge unfinished utility/storage area with washer and dryer and 3rd bathroom.
4th bedroom or den off living area with walk-up access to back yard.
Large lot with almost 1/3 acre. Rear fenced yard.
Springboard- Community Pool located at the end of the street
Ideal location! Minutes to Springfield Metro, 95, 395, 495, Fairfax Connector Bus.
Conveniently located near Springfield Town Center with great restaurants and retail.

Homes in Monticello Woods range in price from $350-$535K depending on size and updates. Many smaller priced homes with less updates sell for $430K and below. The larger, more updated homes sell for $490K and above, depending on updates. Our sellers had a limited budget for renovations, so we provided our top items which we knew would improve the home’s marketability and gain interest from buyers.

If you are looking to for the right kind of updates to maximize your home’s value, contact us today!

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SOLD! 4105 25th St Arlington, VA

Congrats to our clients who sold their home at 4105 25th in Arlington! This beautifully updated 5 bedroom, 4 bath home, featured over 3000 sq ft, and is located in the desirable Lee Heights neighborhood. Great features of the the home were the open kitchen and living areas and large flat backyard. Sales in this neighborhood range from $900K-$1.5M depending on the size, upgrades and location.

We received multiple offers on the home, with very competitive terms and and closed $34K over list price. The sellers were on the market for over 6 months last year, with only one lower offer.

We took over the listing this spring, and helped the sellers with a customized marketing plan and new pricing to help appeal to the largest amount of buyers. This included minor updates, staging, professional photos, floor plan and more.

We had over 15 agent showings, and over 26 groups through the Open Houses and received 3 offers!  This house sold within 3 weeks, with very competitive terms for $1,234,000.

If you have questions on how to get the best price for your home, or want to know what upgrades will be most appealing to buyers, contact us!

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JUST LISTED: 3303 Wyndham Circle #248 Alexandria, VA

-Beautifully renovated 2 bedroom/2 bath unit at Pointe at the Park!
-Garden style unit, located on the second floor.
-Updated kitchen with new granite counters, breakfast bar, maple cabinets and stainless appliances.
-Inviting living and dining room with crown molding, wood burning fireplace and relaxing balcony. New wood laminate flooring installed 2017.
-Roommate style layout with bedrooms separated by living area.
-Both bedrooms feature brand new carpet, walk in closets and en-suite bathrooms.
-Bathrooms have been renovated to include: newer vanities, sinks, faucets, mirrors and brushed nickel light fixtures
-Full sized washer/dryer in unit, new hot water heater 2016 & AC installed in 2011.
-Large storage closet off balcony. Community bike storage available.
-Community includes: pool, fitness center, community room, Basketball Court, grilling area and secured entry to community.
-Community fee provides free shuttle to Pentagon City Metro (M-F)
-Ideal location! Just minutes to Bradlee Shopping Center with Safeway, Fresh Market, Starbucks, Atlantis, and more. Target and other shopping 5 minutes from community!
-Convenient to 395, Pentagon, Crystal City & Downtown DC

We made specific recommendations to the seller on the flooring, kitchen and bathroom updates to help appeal to potential buyers. The unit was also staged, to help buyers envision the space, and size of the larger bedrooms and living areas.

Sales at Pointe at Park Center range, depending on size and upgrades in the unit. Units that have not been updated, or have older finishes, have sold in the $260-$270K range. More updated units have sold between $280-$295K, depdning on size and location. This unit is listed for $290K.

Contact Katie for more details or private showing!

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Just Listed: 4306 Pershing Dr #1

Just Listed and Active on the market- this beautifully renovated 1 bedroom/1 bath condo in Arlington Oaks community. Details below:

• Open layout with new, wood grain ceramic tile and modern paint throughout.
• Separate dining area with space for a larger table.
• Updated kitchen with newer cabinets, granite counters, stainless appliances and New dishwasher installed 2017.
• Relaxing bedroom, with ceiling fan and larger closet.
• Bathroom with newer vanity, light and tiled shower. Two closets off hallway. Spacious storage closet off dining room.
• Condo fee includes heating, water, snow removal and more. Amenities include: Community Room, Exercise Room, Community Laundry, Bike storage and storage bins available.
• Pet friendly- limited to one per unit.
• Ideal location! Quick access to Arlington Blvd, Glebe Rd, 1-66 and 1-395.
• Less than a mile to Ballston Metro & redeveloped Ballston Mall
• Adjacent to the Bus Stop and Bike Share.

Units in Arlington Oaks, have sold from $170K, up to $299K depending on size, number of bedrooms, baths and upgrades. Most updated, one bedroom units have sold for $200-$220K. Our unit is listed for $220K.

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

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Just Listed: 4105 25th St ( Lee Heights)

We just put this lovely Lee Heights listing on the market. The home is located in a desirable North Arlington community, and we help the sellers with staging and other tips to help make the home appealing to buyers.
Details on the home below!

• Beautifully expanded colonial with professional designed upgrades and finishes.
• Main level features newly refinished hardwood floors, and carpet.
• Inviting living room with wood burning fireplace, and elegant dining room.
• Gourmet kitchen complete with Silestone countertops, stainless steel appliances, pot-filler, solid maple cabinets with lighted glass fronts and a butler’s pantry.
• Large breakfast bar with additional seating, open to additional dining area.
• Open concept family room with built-in bookcases and sliding glass doors leading to sun filled deck.
• Custom designed office with solid maple cabinetry and built-in desks.

Upper Levels
• On the upper level, the enviable master suite features cathedral ceilings, with relaxing treed view of the yard. It also features a built-in custom vanity & two walk-in closets with custom shelving.
• En-suite master bath with double sink vanities, offers an over-sized jetted whirlpool tub and separate frameless glass shower featuring marble details.
• Two additional bedrooms feature built-in book cases, cordless window treatments, large closets with Elfa shelving and lots of natural sunlight.
• Full bath off hallway with granite counter topped double sink vanity and radiant heated flooring.
• Laundry room on bedroom level with Silestone counter top, custom cabinets & shelving, full sink and large cedar closet for additional storage.
• Spacious loft level suite with skylights, 4th bedroom, large private full bath with radiant heated tile flooring and multiple closets with plenty of storage.

Lower Level & Yard
• Expansive lower level with over 1500 sq ft of living space! Main area, perfect for a recreation or play room, extends to a private Au-Pair/In-Law suite complete with a kitchenette: full refrigerator, sink and custom built-in cabinet system and separate desk space.
• Lower level also features a full bathroom, additional 8×15 storage room, and large fitness room with garage-Tek flooring, two bright windows and separate walk-out to expansive rear yard
• Rare, flat back yard with plenty of room for tool shed, and playground.
• Other features include: security and intercom system.
• HVAC replaced in 2013 and Roof Replaced in 2011

Ideal Location!
• Located in desirable Lee Heights Neighborhood.
• Minutes to GW Parkway, 1-66, The Pentagon and Downtown DC.
• Only .6 Miles to Donaldson Run Pool (swim team, exercise classes and social events!)
• Active neighborhood, in between Lee Heights & Zachary Taylor Parks.
• Highly ranked school Pyramid: Taylor Elementary, Williamsburg Middle, and Yorktown High.

Home in Lee Heights sell anywhere from $ 819K up to $.18M, depsning on size, age of the home and upgrades. Several newer construction homes have sold in the $1.6M-$1.8M+ range.

This home features over 4000 sq ft and a desirable flat back yard. We listed the home for $1.2M.

Contact us to set up a private showing, or see how you can maximize value and upgrades in your home!

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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: 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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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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