1072 Silent Ridge Going on Market this Week for $2,750,000
I just received a flyer for an Agent’s open house this Tuesday for a property in the Reserve located at 1072 Silent Ridge Court. It will be listed for $2,750,000.
It was not in the MLS system this morning, so I will update this post with a link to this listing and photos once it is entered into the system.
While going through papers in my office, I found this Miller & Smith brochure for the Reserve from the Old Days (when Miller & Smith was still selling lots to builders).
I still use a scanned version of the map in a document of directions to our house for guests.
I just posted information on my other blog (http://mcleanrealestatenews.com) on the open houses in McLean, VA for today (4/10/10) and tomorrow (4/11/10).
Here is a link to the post:
If you have any questions about this post or any other, please don’t hesitate to contact me at tania@hbgroup.us.
Status of 7815 Twincrest Court Contract
The status of 7815 Twincrest was updated in the MLS system on 4/3/10 and now shows that it is scheduled to settle on 4/23/10. Once it settles, I will post the sales price.
Attached below is a link to the complete listing for the property:
If you would like to see photos of the interior of this property, please refer to my previous post on the subject property.
In addition, if you have any questions about this listing or any other property in the Reserve, please don’t hesitate to contact me at tania@hbgroup.us.
Recent Sales in 22102 Since 3/29/10
I posted information about recently sold properties in the 22102 area of McLean, Virginia on my other blog (http://mcleanrealestatenews.com). Below is a link to that blog post:
http://mcleanrealestate.wordpress.com/2010/04/08/properties-sold-in-22102-since-32910/
However, none of the properties which sold are comparable to properties in the Reserve in McLean. Of the 9 properties that sold in that time period, none sold for $1,000,000 or over. This highest sales price was $992,500 for 7805 Horatio Street which is located in the McLean Hamlet subdivision (off of Lewinsville Rd). The second highest sales price was $870,000 for 8456 Clover Leaf Dr in McLean Estates (which is also off of Lewinsville, past Spring Hill Rd as you go towards Route 7).
If you have any questions about this post or about real estate in the Reserve or any other neighborhodd in McLean, Virginia, feel free to contact me at 703-403-8225 or tania@hbgroup.us.
Jumbo Loan Market Articles
Attached are 2 pdf files with some interesting articles about the jumbo loan market’s effect on the upscale housing market.
The first file has a 4 page article from USA Today, a blog article, a Business Week article and a realtor.org post. Below is a link to that file:
USA Today & Business Week Articles and Blogs
The second file has a research paper from the National Association of Realtors (NAR) entitled, “NAR Research on the Impact of Jumbo Mortgage Credit Crunch”. Below is a link to that article:
Mansions Go Modular as Costs, Timeline Lure High-End Buyers
There was an interesting article in the Washington Post Real Estate Section on March 4, 2010. Below is a link to the article:
http://www.washingtonpost.com/wp-dyn/content/article/2010/03/03/AR2010030303913.html
Here’s a link to the time-lapsed video of the home being built. this is very interesting to watch.
7815 Twincrest Court – Under Contract
The property located at 7815 Twincrest Ct in the Reserve went under contract on 3/29/10 after 286 days on the market. It is a Gulick built Wentworth model and was being sold with all the furnishings. It was listed on 6/17/09 at $3,495,000. The last contingency expires on 4/8/10.
Below is a link to complete listing:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=15829349AVH&p=DE-106120292-901
If you click on the MLS number, a link to the full listing will open and there is a link to all the photographs (30 in all) above the photo at the top of the listing.
For information on sales in the past week (3/21/10-3/28/10) in the 22101 area of McLean, check out my recent post on my other blog. Please refer to it at:
http://mcleanrealestate.wordpress.com/2010/03/29/recent-sales-in-22101-week-of-31310-32010/
If you have any questions about these listings or any other in the McLean area, feel free to call or email me at 703-403-8225 or tania@hbgroup.us.
All of the listings which sold this past week in 22102 are not comparable to the properties in the Reserve, but demonstrate what is selling (quickly) in the 22102 marketplace – under $1,000,000, smaller properties. For more information on the 22102 market, please refer to my 2009 4th quarter market analysis at:
http://mcleanrealestate.wordpress.com/2010/03/11/fourth-quarter-2009-2/
I will updating and posting this for the 1st quarter of 2010 in the next several days. Stay tuned.
Recent Sales in 22102 – Week of 3/23/10-3/29/1 0
There were 5 sales in the 22102 area of McLean this past week (3/23/10-3/29/10):
Below are links to two pdf files which contain more detailed information about the listings:
If you have any questions about any of these listing, the information contained in this, or any of my posts, please feel free to contact me at tania@hbgroup.us or 703-403-8225.
Tania grew up in Northern Virginia and is a life long resident of the area. She has lived in the Reserve in McLean, Virginia with her husband and 2 children since 2001. Tania and her husband Jim purchased their lot in Section 1 of the Reserve in June of 1999 and built their home in the following 18 months. She holds a bachelor’s degree in Physics from Mary Washington College and an MBA in Finance from The George Washington University. Tania began her real estate career over 20 years ago. In addition to real estate sales, her experience includes managing residential renovation projects in the greater Washington area, planning and overseeing new residential construction and managing rental properties. After completing her MBA in 1996, she joined CIG International (a Washington-based residential real estate investment firm) as Vice President where she conducted extensive due diligence investigations of real estate investment opportunities and oversaw ongoing investment projects. Tania became a residential real estate agent in 2006.
Reserve Real Estate News 