What kind of home can you buy NOW for about $550,000 in the D.C. Metro area? Let’s See!
Fairfax, Prince William, Loudoun, & Arlington Counties
Currently, there are roughly 8,000 homes on the market in the Washington D.C. area, according to The Washington Post. And, in the past month approximately 2,600, or 33%, of those were recently sold. As buyers come onto the market in full force this Spring, they are all asking themselves the same question – “What can I purchase within a certain price range before the interest rates rise?” Well, we did the research to show what $550,000 can get the buyer in surrounding D.C. areas.
Starting with Fairfax County, in the West Springfield area, the buyer can purchase a split-level home for $565,000 located at 6617 Reynard Drive. Springfield can be a roughly 30 minute drive into the City. This beautiful Orange Hunt Estates neighborhood home has an “open concept” floor plan.
The 1,735 square feet home is located on a quiet cul de sac and backing to park land. This home has a recently updated kitchen with farm house sink, center island, and a five burner cooktop. The bathrooms have also been updated, along with new windows, patio, and front doors. The home has 4 bedrooms and 2.5 bathrooms as well as a woodburning fireplace. Click HERE to see more information on this recently updated home!
In Prince William County, the inventory is tighter in this price range, but the homes that are available are very appealing to homebuyers. As an example, for $525,000 (recently reduced price) a homebuyer could purchase an outstanding 4,200 square feet Colonial home in the upscale gated community with numerous amenities in Lake Manassas.
The home located at 15144 Windy Hollow Circle in Gainesville. Gainesville is merely a fifty minute drive into the City. In this home, there are hardwood floors throughout as well as a dedicated office. The home has 4 bedrooms and 4.5 bathrooms. The kitchen has upgraded appliances, cabinets and granite counter tops. There is also a lovely outdoor deck! Click HERE for more information on this great property!
In Loudoun County, for $549,900, a buyer can purchase a split-level house located at 43594 Hay Road in Ashburn which is about an hour’s drive into D.C. This home is not located in an HOA community, but it is newly renovated with 5 bedrooms & 3 full baths and is 1,344 square feet.
It is located on 1 acre with a private big back yard. It has new windows as well as a kitchen with granite tops and stainless steel appliances. The home also has hardwood floors on the main level and a one car garage and is also for rent for $2,900. Click HERE to see more info on this nice home!
In Arlington County, for $550,000 located at 3008 19th St. S in the city of Arlington (which is an easy commute into the City) is a 1,580 square feet home in a sought after neighborhood. There is a woodburning fireplace, sunroom, eat-in kitchen with Corian counters, and a patio. There are 3 bedrooms and 2.5 bathrooms. Click HERE to see more info on this welcoming home!