Low inventory leads to a sale price of $1,651,000, as buyers continue to aggressively bid for homes.
Another McLean Hamlet home has sold for an amazing price after multiple offers were submitted. This home with 4 bedrooms and two full baths on the upper level, and an additional bedroom and full bath in the basement set a high price for 2022 sales in the neighborhood. It was listed for sale on April 21, for an asking price of $1,600,000.
An off-market transaction closed this week in the McLean Hamlet. The home at 7710 Falstaff Court sold for $1,550,000. This home underwent extensive renovation after it was purchased in October 2019, for $1,025,000. The recent sale price is a $525,000 increase in just 30 months.
This transaction was conducted as an office exclusive listing by EXP Realty of Ashburn. An office exclusive listing is one in which the seller requests that a listing not be entered into the MLS. Per the rules of BRIGHT MLS, an Office Exclusive listing cannot be marketed to anyone outside of the brokerage firm. This includes all communication beyond your brokerage firm, including one-to-one communication via email, web, social media, or text.
The low inventory of homes for sale and rising home prices is turning buyers into renters as seen with multiple rental applications received for 1330 Macbeth Street in the McLean Hamlet.
Multiple rental applications were received for this home that just underwent a major renovation. The home at 1330 Macbeth Street was rented for $5,000/month, for 27 months.
New sale listing to be available in April
The home at 1320 Banquo Court has been listed as Coming Soon, for sale at a price of $1,300,000. The listing by EXP Realty in Washington, DC, states that the home will be available on April 7.
The home sold most recently in February, 2018, for $850,000. That sale price was the below market as the home was undergoing renovations that were not complete when that sale was completed. The photo of the home in this post is from 2018.
McLean Hamlet home sale update: 7705 Lear Road sells for $1,240,000.
The sale of 7705 Lear Road, listed for sale on February 7, 2022, for $1,210,000, has closed. The home sold for $1,240,000. It was on the market for just 6 days before going under contract.
Multiple buyers submitted offers for 1308 Capulet Court which resulted in a sale of $1,400,000, which is $200,000 above the list price.
The seller received $200,000 over the list price of $1,200,000 for the sale of this split foyer. Foxcraft Design of Falls Church had extensively renovated this home, with an expansion off the back of the home and a renovation of the lower level that made this home an entertainer’s dream. Listed by EXP Realty of Ashburn on 2/2/2022, the sale closed on 2/22/2022.
McLean Hamlet Sales Update
1328 Elsinore Avenue listed for sale on October 21, for $1,299,000, featuring 6 bedrooms and 4 bathrooms sold on November 17, for $1,350,000. The home was listed by EXP Realty in Ashburn and the buyer was represented by Keller Williams Realty, Reston.
New listing in the McLean Hamlet.
A home in the McLean Hamlet was listed for sale on October 21, priced at $1,299,900. 1328 Elsinore Avenue has 6 bedrooms, 4 bathrooms, and a private flat back yard according to the listing in BRIGHT MLS. The home is listed by EXP Realty in Ashburn.
McLean Hamlet home under contract after 9 days on the market.
The sale price was $1,185,000. It was listed on September 10, for $1,169,900, and went under contract quickly, then back on the market, and then under contract again on September 19.