February 23rd, 2010:
Foreclosure Bargains Getting Harder to Find
Home buyers hoping to snag a really good deal on a foreclosed home are finding it increasingly difficult because supply is shrinking.
The number of foreclosures that are available for sale nationwide fell to 617,000 in December, down from 845,000 in November 2008, reports Barclays Capital.
Not only have attractive homes in popular neighborhoods already been snapped up, but also government help for distressed buyers is delaying more foreclosures.
Demand is driving up prices. Investors say typical prices have climbed from 75 percent of appraised value to 85 percent or higher when there are bidding wars.
Source: The Wall Street Journal, James R. Hagerty (02/23/2010)
Being a Landlord Can Be Increasingly Profitable
Despite falling rents and rising vacancies, the profitability of residential rental property is improving.
Investments in apartment complexes are generating annual returns of 7-8 percent immediately because purchase prices have declined.
Buying a rental property isn’t for everyone. It requires putting down at least 50 percent in cash because banks are reluctant to lend more. And buyers need to be able to hold the property for at least three to five years or more to give the investment time to gain value.
Local Market Monitor, which analyzes real estate investments, identifies these good and not-so-good markets for landlords:
Good Markets
- Columbus, Ohio
Olympus at Landmark
- Washington, D.C.
- Raleigh, N.C.
- Greenville, S.C.
- Columbia, S.C.
- Kansas City, Mo.
- Oklahoma City, Okla.
- Fort Worth, Texas
- El Paso, Texas
Bad Markets
- Detroit
- Cleveland
- Wilmington, Del.
- Dayton, Ohio
- Orlando
- Tampa-St. Petersburg
- Boise, Idaho
- Stockton, Calif.
- Las Vegas
- Phoenix
Source: The Wall Street Journal, M.P. McQueen (02/20/2010)
Analemma Society Hosts Renowned Lecturer on Astronomy and Math
If you love gazing at the stars and other celestial bodies, and wonder about the relationship between space, time and mathematics, consider attending an intriguing lecture sponsored by the Analemma Society, an organization which fosters awareness and greater understanding of astronomy. This lecture focuses on the use of sundials, a feature in the Sundial Garden in Observatory Park at Turner Farm operated by the Society in cooperation with the Fairfax County Park Authority. Professor Len Berggren will be the guest speaker at the Great Falls Library on Thursday, March 18, 2010 at 7 p.m. The lecture is free and open to the public.
The lecture, entitled, Astronomy, Mathematics and Timekeeping in Medieval Islam looks deep into ancient times for answers still relevant today. In the middle ages Islamic civilization had the most advanced science in the world. Its scholars and scientists had mastered ancient mathematics and astronomy. They had invented the arithmetic we use today, as well as algebra and trigonometry. In addition, they had founded the first astronomical observatories. This lecture discusses these achievements and how they led to new astronomical theories, presaging those of Copernicus, and a new science of celestial timekeeping, including sundials.
Professor C. Lennart Berggren is presently Professor Emeritus at Simon Fraser University and renowned for his research on reading and translating Greek and medieval Arabic texts dealing with the mathematical sciences which includes astronomical instruments, cartography and astronomy. He is an expert on the mathematical ideas in these texts, their historical development and social context. He has been published in more than 60 publications.
The Analemma Society operates Observatory Park at Turner Farm in cooperation with the Fairfax County Park Authority. In 2007, the first sundial was installed in the Sundial Garden at Observatory Park. That sundial commemorates the founding of Jamestown. The second sundial will be a model of a 14th century sundial, the oldest extant sundial with a gnomon directed towards the celestial North Pole, designed by Ibn al Shatir, predecessor to Copernicus. It was created for the Umayyad Mosque, the Grand Mosque of Damascus, in Syria.
For more information about this lecture please call 703-757-8560. Great Falls Library is located at 9830 Georgetown Pike, Great Falls.
Announcement from the Fairfax County Website
Edsall Bluff Condos
Edsall Bluff is a condominium community found on Edsall Road near Van Dorn Street in the West End of Alexandria, Virginia. Edsall Bluff is located near exits for both I-395 and I-495.
The Edsall Bluff community has a 165 condos built in the early 1970′s. The exterior of the buildings are brick with a concrete balcony or patio off each unit. Edsall Bluff has no central mechanical systems which means that each condo at Edsall Bluff has it’s own individual HVAC system and hot water heater. Condo fees at Edsall Bluff include the cost of water, sewer and electricity for all units and common areas.
Edsall Bluff residents enjoy the community swimming pool through the summer months.
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(all data current as of
5/21/2012)
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$149,900 : 6147 Edsall #6147j, Alexandria2 beds, 1 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Dunn Loring Park
Dunn Loring Park is operated by Fairfax County Parks & Recreation. The Park is located at 2540 Gallows Road, Vienna 22027. Dunn Loring Park has a shelter that can be reserved through Fairfax County. There are three tables and three grills at the shelter. The park is surrounded by quiet residential neighborhoods and it’s not far from Dunn Loring / Merrifield Metro.
Dunn Loring Park has the following amenities:
- Basketball Court
- Tennis Court
- Playground
- Porta John
Here are some nearby homes for sale in the 22027 zip code.
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(all data current as of
5/21/2012)
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$849,000 : 2112 Tysons Executive Ct, Dunn Loring5 beds, 3 full, 1 part baths
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$840,000 : 2212 Harithy Dr, Dunn Loring4 beds, 3 full, 1 part baths
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$799,000 : 2245 Arden St, Dunn Loring4 beds, 3 full, 1 part baths
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$529,000 : 8100 Bright Meadows Ln, Dunn Loring4 beds, 3 full baths
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$999,000 : 2608 Sandburg St, Dunn Loring3 beds, 3 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
The Dunn Loring Metro Station
The Dunn Loring / Merrifield Metro is located at 2700 Gallows Road in Vienna, VA 22180. This metro has 30 short termed parking (with meters), and a limited number of reserved parking spaces for regular commuters. There are plenty of bike racks here and car-sharing is available at Dunn Loring. The station itself is located in the median of Interstate 66 near the Capitol Beltway. Walkways and fly-overs connect this station to the parking and approaches south of I-66.
Inside a typical Metro car
The Grove at Arlington Ridge
The Grove at Arlington Ridge is a condo community located just of I-395 well inside the Capital Beltway. The location provides residents easy access to Pentagon City, Shirlington Village and downtown DC. This community has 1 Bedroom, 2 Bedroom and 3 Bedroom condos that feature:
- Hardwood floors in living and dining rooms
- Deluxe kitchens with stainless steel appliances, granite countertops, maple cabinetry and stainless steel undermount sinks with designer faucets
- Ceramic tile in kitchens and baths
- Maple vanities
- In-unit washers/dryers
- Designer lighting
- Private balconies
- Nine-foot ceilings
- Plush carpeting in bedrooms
- Crown molding in living rooms
Many condominums at the Grove have fireplaces. The Grove offers a full bank of amenities:
- Internet café
- Resort-style swimming pool
- Expansive sundeck
- Fully-equipped business center
- State-of-the-art fitness center
- Giant screen media room with surround sound
- Direct access garage and controlled access entries
- Clubhouse with billiards room
- Storage available
- Courtyard patio garden area with barbeque grills
- Wellness Center with personal training, yoga, Pilates, massage therapy, Swedish massage and Thai massage
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