Palazzo at Park Center Unit #4413
Under Contract in Just 4 Days
Another great listing in the Palazzo at Park Center is under contract with AJ Heidmann as the listing agent. Unit #4431 is located on the top floor, has a vaulted ceiling in the living room, large bathroom with oversized soaking tub, huge walk-in closet, and features new carpeting-ceramic tile flooring-fresh paint to create a true turn key property. Ideally located just steps from elevator; with the assigned parking space in the garage similarly located for ultimate convenience. The unit also has received major component upgrades with a new HVAC sytem in 2016 and hot water heater in 2017.
As we move through the first quarter of 2018, the lack of inventory across Northern Virginia remains the big story; which this seller enjoyed by way of multiple offers. As mortgage rates move up with the Federal Reserve increase of the Fed Funds Rate, buyers are becoming much more motivated and multiple offers are more common. Under the $500,000 price point, there currently is less than 1.5 months of active inventory available and we haven't seen an appreciable increase in listing for the Spring market. If a move is in your future, you should consider putting your condo on the market sooner than later... as buyers are moving agressively to get something under contract before mortgage rates drift any higher than they already have.
The Palazzo at Park Center was built in 2000 as an apartment complex and then converted into condominiums in 2005. The community is comprised of four 4 story buildings that contain 392 individual units, a separate clubhouse, outdoor pool, and 2 underground parking garages located beneath buildings #2 and #4; with all condo buildings having direct elevator access to the garages. Located just 1 traffic light from I-395 at the King St exit, the location offers quick access to the Pentagon, DC, Old Town Alexandria, and Pentagon Metro station. Due to it's close-in location, garage parking, amenities, and low condo fees the Palazzo at Park Center is considered a very desirable property to call home.
Thinking about moving to Alexandria, VA... here are some links to provide additional information about the City: