Quick Review of Selective Homes Recently Sold
1st Property: Address:152 Alpine Drive, Leesburg, VA 20175
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Listed Price: $550,000 Sold Price: $514,990 Taxes: $4,200 (2007) Days On Market: 112 Property Basics: Type: Colonial, 4 BR, 2.0 Baths, Year Built: 2006, House SF: Approx 2,700, Lot SF: 7,976 Additional Details: Almost new house in very desirable development, Evergreen Meadows. 2-Car Garage, Finished lower level, French Doors, Den, Gourmet Kitchen, Gas Fireplace, 2 Master BR Walk in closets. |
Steve’s Comments- The homes in Evergreen Meadows were built to sell in the $600,000 to $750,000 range. This sale appears to be very advantageous for the buyer. Using a hypothetical original price of $650,000, the sold price of $514,990 represents a 22% discount. When the market turns around, the buyer should soon be well ahead.
2nd Property: Address:43081 Capri Road, Leesburg, VA 20148
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Listed Price: $475,000 Sold Price: $435,000 Taxes: $3,900 (2007) Days On Market: 210 Property Basics: Type: Colonial, 4 BR, 2.5 Baths, Year Built: 2006, House SF: 2,988, Lot SF: 8,276 Additional Details: 2-Car Garage, Finished lower level, Plumbed for full bath, Walk out, Brick front, Expensive neighborhood, near Greenway. |
Steve’s Comments- This nearly new home was owned by a bank due to foreclosure. It originally sold for over $600k. An exceptional buy. It will prove to be a very good investment when the market returns to normal.
3rd Property: Address:40818 Red Hill Road, Leesburg, VA 20175
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Listed Price: $579,990 Sold Price: $480,000 Taxes: $3,990 (2007) Days On Market: Property Basics: Type: Rambler (brick), 4 BR, 2 Baths, Year Built:1985, House SF: 2,225, Lot SF: 12,197 Additional Details: All brick, New roof, tilt-in windows, central air, kitchen (from top to bottom) deck, fenced yard, finished basement, shed, off-street parking. |
Steve’s Comments- This is a typical county single level brick rambler with basement and large yard. A one-owner retiring-couple home in good condition. Most of the heavy lifting has been done; roof, kitchen, central air and heating plant, windows, painting, carpets, so home is in move-in condition. This home is situated in an older, quieter, mostly adult subdivision. Nice buy if you don’t require curbs, street lights and sidewalks.
Second Section – Trends
Close Up of Wider Area Community Trends and Issues
Leesburg General: Average Listing Price $610,000 -3% for year, Average Selling Price $460,903 +32% for year
Close By Areas:
Loudoun County in General:
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Homes
Sold Pricing |
2002
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3Q06
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2Q07
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3Q07
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3-BR
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$299,244
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$454,878
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$401,229
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$372,949
|
|
4-BR
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475,826
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1,258,014
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588,319
|
567,500
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