If you’re thinking of purchasing a condo in Fairlington Mews, in Arlington VA, click on the link below to view every property listing that is currently for sale. Remember that real estate listings on NorthernVirginiaHomePro.com are updated every day, so regardless of when this article was written, you can be assured that you are looking at the most current listings.
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The analysis below will give you a good idea of how much you should expect to pay for a condo in Fairlington Mews. All of the closed sales data used in this blog post was taken directly from the MRIS, the local multiple listing service that Northern Virginia real estate agents use.
Right now, there are two properties under contract in Fairlington Mews: a 1-bedroom/2-bath condo that was listed at $389,900 and a 3-bedroom/2-bath property that was listed at $549,000.
Here are all of the closed sales of Fairlington Mews condos from the last six months:
Sales of 1-bedroom properties:
- 3524 WAKEFIELD ST #B1 – this 1-bedroom/1-bath condo closed at $310,000 with a $5000 seller subsidy in December 2014
- 4656 34TH ST S #A1 – this 1-bedroom/2-bath condo closed at $372,000 in February 2015
Sales of 2-bedroom properties:
- 4660 36TH ST S #B – closed at $390,000 in October 2014
- 4682 34TH ST S #B1 – closed at $397,000 with a $9,925 seller subsidy in December 2014
- 4652 36TH ST S #B – closed at $419,999 in October 2014
Sales of 3-bedroom properties:
- 3500 WAKEFIELD ST S – closed at $535,000 in December 2014
In any real estate pricing analysis, it’s important to take into account the net sales price, which is the closing price minus any seller subsidy.
Closing prices of 1-bedroom condos in Fairlington Mews over the past six months ranged from $310,000 to $372,000. The reason there was such a wide range here is because 1-bedrooms with two baths typically sell for significantly higher in this community. Closing prices of 2-bedroom condos ranged from $390,000 to $419,999, and the only 3-bedroom closing was for $535,000.
If you’re thinking of buying a 1-bedroom property in Fairlington Mews, you should expect to pay anywhere from the low to high $300,000s, depending on whether the unit has two bathrooms, and depending on how many updates the property has.
You should expect to pay somewhere in the high $300,000s to the low $400,000s for a 2-bedroom property in Fairlington Mews, and somewhere around the mid $500,000s for a 3-bedroom property, again, depending on how upgraded the property is. Buyers like upgrades like hardwood floors, granite counters, renovated bathrooms, and updated cabinets a lot, so these types of units will typically sell for more.