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606-a N Tazewell St
Arlington, VA 22203
$1,029,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
--
Property Description
***** OPEN HOUSE CANCELLED -- OWNER RATIFIED CONTRACT SUNDAY MORNING. ****** Just Listed! Four level Georgetown style brick townhouse in The Townes of Ballston community. Located on a quiet corner just a block away from all the energy and amenities that the Ballston neighborhood has to offer. Such a vibrant and convenient area! The home is just blocks from the Ballston Metro Station, many fine dining establishments, movie theaters, great shopping, the new Harris Teeter grocery store, as well as the Arlington, Co bike path. I-66 access, both East and West are a short distance making this a commuter's dream, whether working in DC, MD or Northern Virginia. The unit is in the sought after location within the townhouse development featuring the larger square footage unit models. Oh, what a difference that extra square footage of living space makes! Bigger rooms, more storage and comfortable, practical living. The eat-in kitchen features stainless steel appliances, granite countertops, recessed lighting, pantry closet and ample cabinet storage and counter working space. The breakfast nook and bay window overlooks the lovely courtyard. Hardwood floors grace the main level living spaces where a wood burning fireplace awaits in the living room. The glass fireplace doors convey. There is a guest half bath on the main level as well as a large screened in porch for three seasons of enjoyment. This is a true three-bedroom townhome, including a top floor owner's suite with cathedral ceilings, a walk-in closet, and a custom linen closet. All the bedrooms have ceiling fans, and the flexible floor plan of this unit offers a wonderful bonus room on the second level. The perfect spot for a cozy den, convenient home office or additional guest sleeping area. This townhome is also one of the few models at the Townes of Ballston that has an upgraded and incorporated year-round separate owner's sitting area/suite. The perfect place to relax, unwind, enjoy a cool or warm drink and a good book. The lowest level features the second half bath, an additional bonus room, with a large closet and walk out to a fenced brick patio. The attached garage has parking for two cars, including one reserved spot just outside the unit door on the lower level. The Townes of Ballston community features a wonderful brick interior courtyard with mature trees, plantings and a gazebo feature to enjoy a quiet outdoor retreat. The unit has been freshly painted; new carpet installed along with several other updates. The home fills with tons of natural sunlight and has a wonderful western exposure. Location, Location, Location, a true Ballston address with the urban lifestyle yet with a single-family residential feel. Enjoy this quiet oasis on the doorstep of the Ballston Quarter and come be a part of this wonderful community!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1989
MLS Number
VAAR2042072
Location
Address
606-A N TAZEWELL ST
City
ARLINGTON
State
VA
Zip Code
22203
County
ARLINGTON
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Arlington
Office Phone
(888) 536-0216
Agent Name
Chip Benjamin

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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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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.