Tag: real estate
GSA lease terminations causing headaches for landlords
The Trump Administration’s attempt to cancel commercial leases for federal agencies is creating confusion and disruptions for property owners throughout the region. In one example described by the Washington Business Journal, the General Services Administration sent a notice to Tom Cafferty, president of Commercial Real Estate Services, that it is terminating its lease for … Continued
Real estate assessments are up 6.6%
Residential real estate assessments rose an average of 6.65% from 2024 to 2025, Fairfax County reports. The average assessment for all homes countywide is $794,235. In Mason District, average assessments are up 5.63%. That’s the lowest among the county’s nine supervisory districts. Look up your home’s assessment here. After adding your home’s address, select “values” … Continued
Strong housing market predicted for 2025
The housing market in Northern Virginia will continue to show strength in 2025, the Northern Virginia Association of Realtors reports. A forecast released Dec. 17 by NVAR conducted in conjunction with George Mason University’s Center for Regional Analysis predicts moderate price increases and higher levels of market activity. “We’ve seen Northern Virginia’s housing market improve … Continued
Seven Corners apartments have a new owner
The Jefferson, a 310-unit apartment building in Seven Corners, has changed hands, the Washington Business Journal reports. Eagle Rock Properties acquired the complex, at 6166 Leesburg Pike, on Nov. 20 from Capital Investment Advisors LLC for $65.65 million. The current assessed value for the property is $66.3 million, according to Fairfax County land records. The … Continued
Racial covenants – widespread in Mason District – can be removed
You probably aren’t aware of this but if you’re a homeowner in the Annandale/Mason District area, there’s a strong likelihood that your property has a restrictive covenant prohibiting non-White ownership and occupancy.
Buyer sought for Annandale property
There is a lot of interest in the property for sale on Columbia Pike next to the Giant parking lot.
Former bank building for lease
The former Wells Fargo Bank building at 4260 John Marr Drive in Annandale is being marketed as a good location for a coffee shop, bakery, restaurant, or medical facility. It cannot be used for another bank branch, according to the broker.
Annandale building for sale
A small commercial building at 7229 Little River Turnpike in Annandale is up for sale.
Annandale building changes hands
Windows Plus has sold its building at 4321 Markham Street in Annandale. The buyer paid $1.72 million for the two-story, 3,600-square-foot commercial building, says Chris Bernard, a real estate broker with CRES Inc. The cash sale closed July 12. The property is currently assessed at $797,520. The buyers, who wish to remain anonymous, do not … Continued
Vacant lot in Annandale is available for $1.5M
There have been lots of inquiries about this vacant lot fronting Little River Turnpike in Annandale, but no takers so far, says real estate broker Chris Gentry with KLNB. The .68-acre family-owned property, at 4401 Carrico Drive, is next to George Mason Regional Library. The owner is asking $1.5 million, while Fairfax County tax records … Continued
Landmark area apartment complex sold
The Mason at Van Dorn garden apartment complex near the Landmark redevelopment site has sold for about $225 million, the Washington Business Journal reports. A partnership of Shoreham Capital and Bridge Investment Group acquired the complex from CIM Group. Mason at Van Dorn, located at 400 S. Van Dorn Street in Alexandria’s West End, has … Continued
Tax bills likely to rise
Real estate assessments for 2024 are up an average of 2.86 percent, the Fairfax County Department of Tax Administration announced Feb. 20. County Executive Bryan Hill’s proposed budget for the county, presented to the Board of Supervisors on Feb. 20, calls for a 4-cent increase in the tax rate, or $1.135 per $100 of assessed … Continued
New homes for sale in Annandale
Three new houses developed by Evergreene Homes at the corner of Little River Turnpike and Lee Place in Annandale are listed at $1.649,500 to $1,774,500. The three-house development, called Wakefield Grove, was built on the site of a single-family home. The first open house was held on Jan. 6. All have six bedrooms. The smallest … Continued
Tenant sought for renovated building
A building undergoing renovations at 6499 Little River Turnpike in Lincolnia is available for lease. The building had previously housed a series of restaurants but had been vacant for years. A restaurant would work well in the space, although the owner is open to another type of tenant. The building is 2,801 square feet. The … Continued
New homes bring a touch of luxury to Annandale
An infill development called Red Oak Manor is bringing a touch of luxury to an older neighborhood in central Annandale. The development consists of six houses on Travis Parkway. Two have sold, including one that’s already occupied. The three-level Wedgewood model is 6,912 square feet and is listed at $2.357 million. It has six bedrooms, … Continued