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5101 8th Road S
Arlington, VA 22204
$325,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1498
Property Description
Introducing a remarkable turnkey condo that will captivate you with its abundance of features and amenities. Nestled in the highly sought-after Columbia Knolls community, this recently renovated home offers not just two, but THREE bedrooms and two full baths, all conveniently located on one floor. Immerse yourself in the charm of garden-style buildings, surrounded by lush greenery and complemented by a community swimming pool, where you can relax and unwind. With ample parking available, you'll never have to worry about finding a spot. Additional storage ensures you have plenty of room for your belongings, while basketball and tennis courts provide opportunities for active recreation. Indulge in the delights of picnic and BBQ areas with tot lots, perfect for gatherings and creating lasting memories with loved ones. For those seeking indoor entertainment, a recreation room awaits, ready to fulfill all your leisurely desires. Centrally located near public transportation, including the convenient ART bus stop right across the street (bus #45), commuting becomes a breeze. Explore the nearby Arlington Mill Community Center, schools, shops, and an array of dining options. The easy accessibility to Washington, DC, Ballston Mall, Pentagon City, and Crystal City, make this a prime location for professionals and commuters alike. For the outdoor enthusiasts, the W&OD bicycle commuter trail beckons, offering a scenic route for biking enthusiasts. Public schools are just steps away, ensuring a convenient and quality education for your children. Step inside this inviting unit and be greeted by the elegance of the bamboo hardwood flooring throughout. The open floor plan allows natural light to flood the space, creating a warm and inviting ambiance. Prepare culinary delights in the gourmet kitchen, equipped with top-of-the-line stainless steel appliances, sleek quartz countertops, and a stylish tile backsplash. Abundant storage space ensures that all your kitchen essentials are easily organized. Working from home has never been more convenient, as a dedicated workspace is seamlessly integrated into the floor plan, providing you with a comfortable and productive environment. Retreat to any of the three bedrooms, each adorned with bamboo hardwood flooring and generous closet space. Large windows invite the outdoors in and fill the rooms with natural light, creating a serene and peaceful atmosphere. To top it all off, all utilities are included in the condo fee, providing you with peace of mind and an added layer of convenience. Don't miss out on this incredible opportunity to own a turnkey condo that offers not only an exceptional square footage but also an impressive number of bedrooms and baths. This listing truly represents a remarkable value for the discerning buyer.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1961
MLS Number
VAAR2041626
Location
Address
5101 8TH ROAD S
City
ARLINGTON
State
VA
Zip Code
22204
County
ARLINGTON
Listing
Provider
Century 21 New Millennium, original listing
Name
Century 21 New Millennium
Phone
(703) 753-7910
Office Name
CENTURY 21 New Millennium
Office Phone
(703) 818-0111
Agent Name
Faraz Behvandi

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.