Kingsbrooke (Bristow, VA)
Kingsbrooke (Bristow, VA) Real Estate News
Img 1071   copy   copy
Another Bristow, VA Short Sale---SOLD!
Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Manassas, VA)

Another Bristow, VA Short Sale---SOLD!

On September 12th (2014) I had the pleasure of listing this end unit townhouse in Bristow, VA.  Because it had been well maintained, when the Seller and I went over comparable sales in the neighborhood I advised the Seller that he needed to price as if he were a regular sale.  The first thing a bank being asked to approve a short payoff of a mortgage does is a BPO.  That BPO doesn't compare the home to just other Short Sales in the market, but other properties and compares them based on condition.  So we came to a list price of $288,000.

13430 Catapult Lane in Bristow, VA sold for $288,000 on December 12, 2014.Within a matter of days we had an offer for $250,000.  What buyers don't seem to understand is that there is more to a Short Sale than whether or not the bank will accept it.  The sellers are issued 1099's for the mortgage debt not forgiven.  And until the Mortgage Debt Relief Act is extended, this means that money is taxable income to principal residence owners.  In the case of investor owners, there is no instant tax protection from this taxable income.  So when faced with low offers, the Seller countered.  We lost a buyer or two, but on September 28th, just 13 days after being on the market, this Kingbrooke townhouse was under contract with a Buyer who understood and made a good offer.

During Short Sale negotiations, the banks upped the agreed sales price, which had been $285,000 in the contract to the full list price of $288,000.  They also took the 3% closing cost help requested by the Buyer and countered to a little less that 1% of the sales price.  The Buyer was able to make this change and proceed.  A little over one month from submitting for Short Sale Approval with two mortgages, the first trust approved the sale.  With that in hand, we were able to get second trust approval.  

On November 28th, the sale was approved and went quickly through inspections on the buyer side.  It settled on December 12th for $288,000.  The Buyer received $2,672.50 in closing cost help.  This sales price, according to the most recent Kingsbrooke Townhouse Report, is higher than the average sales price by $6,000.

For sellers, the takeaway is that Short Sales don't need to be a painful process that takes six months or longer.  For buyers, don't expect to get every penny of closing costs paid or super low prices, thinking the banks just want to get rid of the home.  The banks want every penny the market will bear, just like a seller with equity in their home.

Want to get started on listing your home for Short Sale?  Give me a call.

Chris Ann Cleland, Bristow-Gainesville Real Estate Agent, 703-402-0037Chris Ann Cleland, Associate Broker-Licensed in VA

Top Producing Agent 2013 & 2011

Long & Foster REALTORS®, Manassas, VA

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.net, www.SpeakingOfHomes.net, www.SellingBraemar.com,

Victory Lakes Blog

 

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

Img 1071   copy   copy
Kingsbrooke Townhouse Report: October 2014
Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Manassas, VA)

Kingsbrooke Townhouse Report:  October 2014

Long holiday weekends always throw me off.  It doesn't feel like Sunday to me, or the last day of November.  Nonetheless, it is both of those things.  That means it's time to recap October's Kingsbrooke townhouse market activity.  We'll make comparisons to last month (September 2014) and last year (October 2013.)

TOWNHOUSES FOR SALE IN KINGSBROOKE

7 Listings were Active:  6 Regular Sales, 1 Short Sale

Townhouse in Kingsbrooke, Bristow, VATownhouses For Sale in Kingsbrooke, October 2014

Kingsbrooke townhouse inventory is increasing.  There were two more townhouse listings in the neighborhood when October ended, than at that the close of September.  The high list price was up over 6.5% compared to last month, but low list price was down nearly 1.5%.  The average list price was down 4/10th of 1% since last month, but up over 10% since last year.  Of course, we only derive market value from the sold column.  That's where we find out what buyers were willing to pay and what sellers were willing to accept.

 

TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE

6 Listings were Under Contract:  3 Regular Sales, 3 Short Sales

Townhouses Under Contract in Kingsbrooke, October 2014

There were six Kingsbrooke townhouses under contract, compared to seven last month.  The high list price at time of contract was down 5%, but the high marketing time was 42% faster.  The low list price at time of contract, and low marketing time, were unchanged compared to last month.  The average list price at time of contract was down nearly 1.5% since last month, but up over 4% since last year.  The average marketing time was 32% faster than it had been last month and 75% faster than it had been last year.

 

TOWNHOUSES SOLD IN KINGSBROOKE

2 Listings Sold:  Both Regular Sales

Townhouses Sold in Kingsbrooke, October 2014

Fall Foliage in KingsbrookeThere were two Kingsbrooke townhouses that made it to settlement in October.  That was the same number that sold in September.  Unfortunately, there were no Kingsbrooke townhouse sales from last October, so we'll just make month to month comparisons here.  The high sold price was down 4% and the high marketing time was 323% longer.  The low sold price was down over 3% and the low marketing time was 640% longer.  That average sold price was down over 3.5% and the average marketing time was 411% longer.

The next Kingsbrooke Townhouse Report will be out in December and will detail activity from November.  Until then, when you are ready to sell your Kingsbrooke townhouse, give me a call for a free market analysis.  I've been a full-time Bristow Real Estate Agent since 2005.  Getting your home sold for the highest price in the shortest amount of time is what I do best.  

Also, feel free to join my Kingsbrooke Facebook group.  You will be able to connect with neighbors over a variety of topics and will always find links to each month's Kingsbrooke real estate market reports in there from me.

 

To view the Kingsbrooke Single Family Home Report for October 2014, click the link provided.

Chris Ann Cleland, Bristow-Gainesville Real Estate Agent, 703-402-0037Chris Ann Cleland, Associate Broker-Licensed in VA

Top Producing Agent 2013 & 2011

Long & Foster REALTORS®, Manassas, VA

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.net, www.SpeakingOfHomes.net, www.SellingBraemar.com,

Victory Lakes Blog

 

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

Img 1071   copy   copy
Kingsbrooke Townhouse Report: September 2014
Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Manassas, VA)

Kingsbrooke Townhouse Report:  September 2014

If I were a kids, I would absolutely love trick-or-treating in the Kingsbrooke townhouses.  So many chances for candy and time efficient.  Let me tell who else loves Kingsbrooke townhouses---Bristow buyers.  Let's take a look at the Kingsbrooke townhouse market for September and see how values fared Kingsbrooke Townhouse, Bristow, VAcompared to last month (August 2014) and last year (September 2013.)

 

TOWNHOUSES FOR SALE IN KINGSBROOKE

5 Listings were Active:  All Regular Sales

Townhouses For Sale in Kingsbrooke, September 2014

There were two fewer Kingsbrooke townhouses on the market when September ended.  The high list price was down a little over 3% since last month, but the low list price was nearly 14% higher.  The average list price was down 2/10th of 1% since last month, but up nearly 9% since last year.  Of course, the best idea of market value comes from the sold column, when we get to see where the deals were struck.

 

TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE

7 Listings were Under Contract:  4 Regular Sales, 3 Short Sales

Tonwhouses Under Contract in Kingsbrooke, September 2014

Unfortunately, there were no Kingsbrooke townhouses under contract this time last year, so our comparisons are just going to be to last month in this column.  There were over two times as Kingsbrooke Townhosue, Bristow, VAmany Kingsbrooke townhouses under contract as there had been last month.  The high list price at time of contract went up 9% since last month, but the high marketing time was 49% longer.  The low list price at time of contract and low marketing time were unchanged compared to last month.  The average list price at time of contract was 4.5% higher than it had been last month and the average marketing time was 29% longer.  

While the market has softened, the lower end of the market, such as Kingsbrooke townhouses, is still running strong.

 

TOWNHOUSES SOLD IN KINGSBROOKE

2 Listings Sold:  Both Regular Sales

Townhouses Sold in Kingsbrooke, September 2014

There were the same number of Kingsbrooke townhouse sales in September 2014 as there were in September 2013.  The high sold price was nearly 6% higher than it had been last month and the high marketing time was 59% shorter.  The low sold price was up close to 1% since last momnth and the low marketing time was 38% shorter.  The average sold price was up Kingsbrooke Fall Foliage, Bristow, VAover 3.5% since last month and up over 7.5% since last year.  The average marketing time was 55% shorter than it was last month and 74% faster than it was last year.

The next Kingsbrooke Townhouse Report will be out in November and will detail activity from October.  Until then, if you are thinking of selling your Kingsbrooke townhouse, give me a call for a free market analysis.  I've been a full-time Bristow Real Estate Agent since 2005.  Getting your home sold for the highest price in the shortest amount of time is what I do best.  

Also, feel free to join my Kingsbrooke Facebook group.  You will be able to connect with neighbors over a variety of topics and will always find links to each month's Kingsbrooke real estate market reports in there from me.

 

To view the Kingsbrooke Single Family Home Report for September 2014, click the link provided.

 

Chris Ann Cleland, Bristow-Gainesville Real Estate Agent, 703-402-0037Chris Ann Cleland, Associate Broker-Licensed in VA

Top Producing Agent 2013 & 2011

Long & Foster REALTORS®, Manassas, VA

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.net, www.SpeakingOfHomes.net, www.SellingBraemar.com,

Victory Lakes Blog

 

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

Img 1071   copy   copy
Kingsbrooke Single Family Home, Open Sunday, October 26th (2014) 1p-4p
Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Manassas, VA)

Kingsbrooke Single Family Home, Open Sunday, October 26th (2014) 1p-4p

8792 Partridge Run Way in Bristow will be open on October 26th (2014) form 1pm-4pm.Sometimes you have to wonder what is keeping buyers from grabbing a great house?  It certainly can't be needing a down payment.  This Kingsbrooke single family home is very affordable at $375,000 and currently qualifies for USDA financing...at least until the USDA maps are updated in 2015.  

Don't let the days on market fool you.  This is a very desirable home at a very reasonable price.  Come on by and see 8792 Partridge Run Way for yourself on Sunday, October 26th (2014) from 1pm-4pm and be ready to make an offer.  You could be in this home before Thanksgiving.  

Host a Thanksgiving housewarming.  With the kitchen open to the family room, guest can easily mingle with the cook(s).  The formal dining room is just over the knee wall from the family room.

Family RoomKitchen

If you want a place for guests to enjoy some raucous football watching, there is a gigantic recreation room in the basement.

Basement Recreation Room

The Master Suite has all you need and is connected by a doorway to the fourth bedroom. Fifth bedroom and third full bathroom is in the basement, which has a small walk-up exit..only three or four stairs.

There aren't very many Bristow single family homes with this much space priced well under $400K.  Yeah..if you don't like intense green, you'll have to paint one single, smaller bedroom.  I'm sure you won't let that stop you from seeing the gorgeous hardwood floors on the main level, the newer HVAC system (replaced in the last three years,)  very pleasing open floor plan and loads of space. 

Contact Pat McCormick at 703-517-2360 for directions to this open house in Bristow, Sunday, October 26th from 1pm-4pm at 8792 Partridge Run Way.

 

 

Chris Ann Cleland, Bristow-Gainesville Real Estate Agent, 703-402-0037Chris Ann Cleland, Associate Broker-Licensed in VA

Top Producing Agent 2013 & 2011

Long & Foster REALTORS®, Manassas, VA

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.net, www.SpeakingOfHomes.net, www.SellingBraemar.com,

Victory Lakes Blog

 

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

Img 1071   copy   copy
Kingsbrooke Townhouse Report: August 2014
Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Manassas, VA)

Kingsbrooke Townhouse Report:  August 2014

As the daylight is waning with each passing day, and the leaves begin to show their brilliant color, there is no doubt that summer is over and fall has arrived in Kingsbrooke.  This is one of my favorite seasons.  However, it is time to look back at August, the last month of summer, and see what happened in the Kingsbrooke townhouse market.  For the sake of comparison, we'll look back to last month (July 2014) and last year (August 2013.)

Kingsbrooke Townhouse in Bristow, VATOWNHOUSES FOR SALE IN KINGSBROOKE

7 Listings were Active:  6 Regular Sales, 1 Short Sale

Townhouses For Sale in Kingsbrooke, August 2014

Not a whole lot changed from July to August in the active listings of Kingsbrooke townhouses.  There was only one more active listing in August.  As opposed to last month, one of these was a Short Sale.  The high and low list prices did not change compared to last month.  The average list price went up 6/10th of 1% since last month and was up nearly 8% compared to last year.  Of course, list prices are suggestions.  Market value truly comes to light in the sold column.

 

TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE

3 Listings were Under Contract:  2 Regular Sales, 1 Short Sale

Townhouses Under Contract in Kingsbrooke, August 2014

There were two fewer Kingsbrooke townhouses under contract in August than there had been in July.  The high list price at time of contract was down 3.5% compared to last month and the marketing time went up by five days, or 16%.  The low list price at time of contract and low marketing time was unchanged month to month.  The average list price at time of contract was down over 3.5% compared to last month and down nearly 5.5% compared to last year.  The average marketing time only went up by one day, or 1%, compared to last month, but was 100% shorter than it was last year.

 

TOWNHOUSES SOLD IN KINGSBROOKE

4 Listings Sold:  All Regular Sales

Townhouses Sold in Kingsbrooke, August 2014

Kingsbrooke Townhouse in BristowWhat we were lacking the under contract section, we partially make up for here in the sold column, with three more sales going to settlement in August.  Since there was only one in July, we'll just look at our average comparisons.  The average sold price was up over 5.5% compared to last month, but down nearly 1% since last year.  The average marketing time was 33% faster compared to last month, but was 233% longer than it had been last year.

The next Kingsbrooke Townhouse Report will be out in October and will detail activity from September.  Until then, if you are thinking of selling your Kingsbrooke townhouse, give me a call for a free market analysis.  I've been a full-time Bristow Real Estate Agent since 2005.  Getting your home sold for the highest price in the shortest amount of time is what I do best.  

Also, feel free to join my Kingsbrooke Facebook group.  You will be able to connect with neighbors over a variety of topics and will always find links to each month's Kingsbrooke real estate market reports in there from me.

 

To view the Kingsbrooke Single Family Home Report for August 2014, click the link provided.

 

 

Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information Systems.)

 

Chris Ann Cleland, Bristow-Gainesville Real Estate Agent, 703-402-0037Chris Ann Cleland, Associate Broker-Licensed in VA

Top Producing Agent 2013 & 2011

Long & Foster REALTORS®, Manassas, VA

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.net, www.SpeakingOfHomes.net, www.SellingBraemar.com,

Victory Lakes Blog

 

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

Img 1071   copy   copy
Kingsbrooke Single Family Home: Open Sunday, Sept. 21st, 1pm-4pm
Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Manassas, VA)

Kingsbrooke Single Family Home:  Open Sunday, Sept. 21st, 1pm-4pm

As a full time Bristow real estate agent, I get to see a lot of homes.  Below $400,000, there aren't many buys as good as this one at 8792 Partridge Run Way in Bristow's community of Kingsbrooke.

8792 Partridge Run Way in Bristow, will be open Sunday, September 21st (2014) from 1pm-4pmListed at $375,000, it offers five bedrooms and three and a half bathrooms.  It even has a one car garage, deck, and fenced back yard.

The main level is beautifully done in hardwood floors, which are a gorgeous accompaniment to the palladian windows and cathedral ceiling.

Come see it for yourself, Sunday, September 21st (2014) at the Open House being held from 1pm-4pm.  

Pat McCormick from Long & Foster REALTORS® Gainesville will be holding it open and, if you don't have an agent, will be happy to represent you as you write up an offer.

Directions:  From Linton Hall Road, turn onto Worthington; go right on Braided Stream; go right on Partridge Run.  Home will be on your left.

 

Chris Ann Cleland, Bristow-Gainesville Real Estate Agent, 703-402-0037Chris Ann Cleland, Associate Broker-Licensed in VA

Top Producing Agent 2013 & 2011

Long & Foster REALTORS®, Manassas, VA

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.net, www.SpeakingOfHomes.net, www.SellingBraemar.com,

Victory Lakes Blog

 

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

Img 1071   copy   copy
Just Listed in Bristow: Detached Home for $375,000 in Kingsbrooke
Chris Ann Cleland, Associate Broker, Northern VA (Long & Foster REALTORS®, Manassas, VA)
Contemporary Home in Kingsbrooke

Overview
Maps
Photos
Description
Neighborhood
Market Stats


















$375,000
Single Family Home
Main Features
5 Bedrooms
3 Bathrooms
1 Partial Bathroom
Interior: 2,646 sqft
Lot: 0.10 acre(s)
Location
8792 Partridge Run Way
Bristow, VA 20136
USA

Chris Ann Cleland

Chris Ann Cleland

Long & Foster REALTORS®
(703) 402-0037
chrisann@LNF.com
http://www.NVARealEstate.net

 
 


Listed by: Long & Foster REALTORS®

Our recent listings
Subscribe to our listing feed

Nearby properties for sale



Powered By RealBird.com



Chris Ann Cleland, Bristow-Gainesville Real Estate Agent, 703-402-0037Chris Ann Cleland, Associate Broker-Licensed in VA

Top Producing Agent 2013 & 2011

Long & Foster REALTORS®, Manassas, VA

703-402-0037, ChrisAnn@LNF.com

www.NVARealEstate.net, www.SpeakingOfHomes.net, www.SellingBraemar.com,

Victory Lakes Blog

 

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

Community Sponsor Bristow, VA Real Estate Professionals
Explore ActiveRain