If you’re thinking of buying a condo in Fairfax Ridge, you can see all of the current listings here. This article will also go into detail about recent real estate sales in this condo community, which will give you a good idea of how much you should expect to pay for a condo here in the current market.
See all Fairfax Ridge Condos for Sale
This article will analyze sales of 1 and 2 bedroom condos in this community over the past nine months. All closed sales data below comes directly from the MRIS.
There were actually just two closed sales of one bedroom condos in Fairfax Ridge from the last nine months. It’s important to analyze the net sales price in each transaction, which is the sales price minus any seller subsidy. Here are the closings:
- 3851 ARISTOTLE CT #1-301 – closed for $212,000 in August 2014
- 3851 ARISTOTLE CT #1-411 – closed for $245,000 in June 2014
#1-301 was over 140 square feet bigger than #1-411 and had a second living room.
There were six closed sales of two bedroom Fairfax Ridge condos from the last nine months:
- 11329 ARISTOTLE DR #5-211 – closed for $255,000 in August 2014
- 11329 ARISTOTLE DR #5-411 – closed for $260,000 with a $2,000 subsidy in June 2014
- 11355 ARISTOTLE DR #8-208 – closed for $287,500 with a $7,600 subsidy in February 2015
- 11315 ARISTOTLE DR #3-212 – closed for $311,900 with a $9,000 in February 2015
- 11350 ARISTOTLE DR #401 – closed for $314,900 with a $2,500 in September 2014
- 11343 ARISTOTLE DR #6-212 – closed for $310,000 with a $3,100 subsidy in September 2014
The net sales prices of 1-bedroom closings in Fairfax Ridge over the past nine months ranged from $212,000 to $245,000, while the net sales prices of 2-bedroom closings ranged from $255,000 to $312,400.
If you’re thinking of buying a Fairfax Ridge condo, you should expect to pay somewhere in the low to mid $200,000s for a 1-bedroom property, depending on the size of the unit and the level of upgrades. You should expect to pay somewhere from the mid $200,000s to the low $300,000s for a 2-bedroom unit, depending on the size and the level of upgrades.