Alexandria 365

Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

By the way, we proofread but occasionally we make mistakes.  If you find one, please let us know and we'll be sure to correct it!  

March 30, 2018

Preparing Your Home for Sale

 

March 30, 2018

Long & Foster celebrates 50 years of success!

March 15, 2018

Long & Foster's Luxury Market Update

Long & Foster | Christie's closes more luxury homes than the competition in the Capital Region. Watch Elizabeth Lucchesi of the LizLuke Team present a quick breakdown of the latest market stats.

The fall issue of Long & Foster | Christie's Luxury Homes magazine available here: http://bit.ly/2zlbTL7

 

March 15, 2018

Alexandria home of week: 1117 N Pitt St #3B

1117 N Pitt St #3B | $325,000

1 bdrm | 1 bath | 624 sq. ft. 

Bright top floor condo in a beautiful community with water and tree views. Lots of charm in the cozy living room with wood-burning fireplace, hardwood floors & high ceilings. Walk-in closet in the bedroom. Newly renovated bathroom & freshly painted throughout. 2 blocks from waterfront & Mount Vernon Trail. Short walk to all the restaurants & shops of Old Town. Comes with parking & storage. Controlled access entry.

 

March 15, 2018

Alexandria's Condo of the Week

1732 Abingdon Dr #202 

1 bdrm | 1 bath | 610 sq ft

This charming condo offers tons natural light, beautiful floors, crown molding, built-ins and a walk-in closet. The kitchen has been updated with granite and a separate dining area. Unit includes W/D and off street parking.  Potowmack Crossings community has courtyard, tennis courts and an outdoor pool. Easily walk or bike to nearby shopping and restaurants. This location offers the commuter convenient access to Braddock Metro, bus services, Old Town, Del Ray, DC and the Pentagon.

 

 

March 15, 2018

Alexandria Home of the Week: 605 Johnston Pl in Rosemont Park

This Rosemont Park Cape Cod won't last long on the market

605 Johnston Place is a sophisticated blend of old charm and modern updates. Classic French doors, a fireplace, crown molding, built-ins, hardwood floors and sun-soaked rooms are just a few details this home has to offer. 

Entertain guests in the center island chef's kitchen, where tall windows open to the backyard. Spacious and secluded outdoor space featuring a slate patio and mature, low maintenance landscaping.  Alley access with parking pad for two cars. Comfortable recreation and/or private guest accommodations in the basement.  Huge laundry area and plenty of storage space. 

Recent renovations: 2017 - upper roof line; backyard lighting; basement bath updated; dining room, kitchen, upstairs bedroom, and office painted; slate patio added 2015 - added basement storage and completed master bath

 

March 15, 2018

Twirl Into Classic Finds at Twist

Twist Boutique opens its doors to Old Town shoppers 

Alexandria, VA - Kristen Moore is about as delightful as it gets.  She welcomed me with a smile and such warmness that I felt a jolt of happiness when I walked into Twist Boutique on N Fairfax in Old Town.  

Kristen, a former aerospace and engineering lobbyist, recently made a bold career leap.  After three successful years of hosting Upscale Retail, a vintage and consignment pop-up boutique, she decided to transform her lifelong love of fashion into an entrepreneurial opportunity.  

Twist opened its doors December 1, 2017, and has been a hit with local shoppers.  "Old Town [Alexandria] has been hugely supportive.  In fact, one of my shop neighbors is a photographer and offered to take professional photos for me." 

Twist offers a fresh spin on classic American fashions and home furnishings.  You'll find a treasure chest of unique pieces, fit for most sizes and affordable for every budget.  Clothing brands include everyday work wear names - like Anne Taylor and Banana Republic - and the chic styles of Prada and Tory Burch.  

You'll find a variety of quintessential styles like peplum, Kristen's favorite silhouette, hanging next to tailored blazers and cozy sweaters.  At Twist, you can shop the latest fashions in footwear and accessories too!  Clothing sizes range from 0 to 16+ and shoe sizes from 5.5 to 11.  

While managing the daily operations of Twist, Kristen's also been collaborating with a production and design team to launch a dress line.  Expect effortless spring and summer seersucker fashions from Kristen's line at Twist boutique in March 2018.    

Don't wait til' then to visit, though!  Score your next favorite piece at 30% off until Feb 15!  Or, pop in on Feb 13 for Twist's Mardi Gras soiree, featuring one of Kristen's favorite local artists, Greg Knott.  

Twist is open every day.  Check out boutique hours, signup for the latest fashion news, and find out how Twist supports the community at twiststyl.com

 

 

 

 

March 15, 2018

4 Real Estate Related Results of the New Tax Bill

While the latest tax laws, effective Jan 1, 2018, will not affect your 2017 filing, it's important to prepare now to avoid surprises in 2019.  

Here are a few important real estate-related results of the new tax bill to keep in mind: 

  • Mortgage interest deductions are now limited to a combined $750,000 of debt for both primary residences and second homes for any loans taken out after Dec. 14, 2017. Current homeowners with loans made before that date, however, are grandfathered into the previous deduction, which allowed a combined debt limit up to $1 million.  

  • State and local tax deductions are now capped at a combined $10,000 – this includes state and local property, income and sales taxes. This will largely affect taxpayers in higher-tax states.

  • Capital gains tax exclusions remain the same when you sell your house. Married couples filing jointly can still exclude up to $500,000 when selling their primary home, as long as they’ve lived there two of the past five years.

  • Investment properties were largely unaffected by the new tax bill.  As such, you will continue to enjoy the same financial benefits for any investment property you currently own or those you may buy in the future.

While the inventory shortage will likely continue through 2018, this is a great time to invest in real estate. Homes are appreciating, interest rates on mortgage loans are still around historical lows and there are tax advantages for property and business owners. 

*The information contained in this post is not intended to be and does not constitute financial or investment advice.