How Much Does $700,000 Get You In North Arlington?
I was curious about how the past year’s increase in home values in Arlington VA has impacted what the average homebuyer can expect to get for their money in North Arlington. So I did some in-depth research on homes that have sold for less than $700,000 over the past 6 months in 22205 and 22207.
This is a highly desirable area for families and professional couples, and I wanted to focus on it for that very reason. It’s a price range that attracts a lot of interest and generates a lot of home sales, but a lot of folks have unrealistic expectations of what they can get for their money, and I wanted to shed a little light on that.
North Arlington homes in this price range share a couple of general characteristics: The majority of homes were built in the 1940’s and 1950’s in the Colonial, Cape Cod or Rambler style. The bedrooms are a little small by modern standards, the closets are tiny, and the floor plan usually includes a formal living room, dining room and kitchen on the first level.
Here’s the average home under $700,000 by the numbers:
- Home Value: $608,327
- Bedrooms: 3
- Bathrooms: 2
- Living SQ FT: 688
- Levels: 1
- Garage: 1 car
- Lot SQ FT: 7,076
- Year Built: 1946
My Two Cents
Homes in this price range have been around for over 60 years in many cases, so the quality and quantity of upgrades that have been made over time varies widely, and may not be reflected in the price. Finding the right home for you really comes down to personal preference. For example, if you love to cook, you might be able to find an old Colonial with an updated kitchen. Or there may be a Cape Cod on the market with a big yard for your kids to play in.
In this area, many factors are already set by the price range. But there are also a lot of great finds in North Arlington under $700,000- you just have to be patient and wait for the right one to come along.
If you would like to see what’s on the market in North Arlington right now, check out the listing tools here on my website:
If you would like to discuss home values in Arlington VA with me, please feel free to call or text me at 571.305.2405, or drop me a note below-