Halstead at the Metro- at Dunn Loring Metro stop- Orange line- Best Value for steps to metro!

By
Real Estate Agent with RE/MAX Allegiance VA: 0225064093, DC..

 This blog is about Halstead at the Metro.  Halstead is a condo community of about 440 units with 4 stories at the Dunn Loring metro- an orange line stop in FFX, VA.

For those buyers who are looking for a " Walk to metro" property and do not have the desire or capacity to spend more than $350,000 and need more space than 850 sqft- This is the right community for you! 

Not only is Halstead next to the metro stop, it's a less than a 5 minute dive from multiple shopping and transportaion centers; two miles from Tyson's Corner Center and all that has to offers; 3 miles from Rt 7, where there is a Whole Foods and the West Falls Church metro, down the street; and the upcoming Merrifield Town Center... all of this and more, which I believe will raise the current listed sales prices of this complex. 

One reason for the downward pressure on the prices in this convenient and desirable building  may be   attributed to the many "investor" purchasers who bought at the Halstead.  These investment minded purchasers bought in 2004 from the builder.  Yhey were lined up at the sales office with salivating mouths... at the anticipation that once the complex delivers, they could sell, with huge upside potential since that was the happening all around them at that time.  These investors did not forecast that our metro area's real estate market, especially in VA, would come to a grinding halt of the sort, only a year later and a full year before delivery of this complex.  No, these investors did not anticipate this at all.   So when the building did come to full delivery in 2006, some investors walked away, others flipped as soon as they took ownership, since the builder's sale's people told them that as long as the units were taken to settlement, the builder didn't care what happened, the next day, and other owners rented thinking, oh, it'll comeback over 500K pretty soon!!!...

It reminded me of myself, watching my Fannie Mae stock, the other day, go down to 70 cents from having reached $1.43 shortly after the market opened,  I was trying to sell without leaving any money on the tabel, but it never reach the 2.12 sell order I put in before leaving the house, hopeful :(!

Currently, Halstead at the Metro is filled with Short Sales, Foreclosures and Rentals of unsold units.  Below has a link of a current listing of a 2 bdrm, 2 full baths, with over 1050 sqft listed, for Short Sale, at $299K( not my listing, I may add).  Another 1 bdrm/1fba unit with 748 sqft just came on for an unbelivable price of $220K.

Let me know if you would like to have a shot at getting these units at these prices.  You'll thank me for it!! I also have lots of pictures of Halstead- feel free to ask for them.

Click the following URL to see the listing:
http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29745187489

Ask about Arlington, DC or other Pre-Foreclosure list, today!

Theresa Kim, Realtor
License in VA, MD and DC
Re/Max Allegiance,
6226 Old Dominion Dr.
McLean, VA 22101
F)1-866-735-2557
M)703-725-4585

Do you know anyone who is planning to move?
Referrals are always appreciated!! 


 

Comments (1)

Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Theresa....Nice post....Sounds like a convenient location....keep posting it will pay off big time! You made it to the first page of Google!
Hope you had a great day!!---Rob

May 09, 2011 01:12 PM