Reduced Price plus a new garage at 1240 Titania Lane

1240 Titania Lane price reduced to $899,000.

When traditional methods of selling a home that has been on the market longer than average don’t work, why not try something unconventional?  The home at the corner of Lewinsville Road and Titania Lane at the entrance to the McLean Hamlet has been on the market for 141 days.  The property, 1240 Titania Lane, was completely renovated in 2016 after being purchased by an investor for $755,000. It was listed for sale on September 6, 2016, for $950,000.  However, the home has not yet been sold.  The owner tried a different approach. A one-car garage has been added to the home, as shown in the photo below, along with another photo of the home taken in September, with a carport.

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1240 Titania with garage added
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1240 Titania with carport

The price of the home was reduced to $899,000, on February 22, 2017.  Look for more updates about the McLean Hamlet as the Spring market approaches.

1355 Macbeth Street Under Contract

The home at 1355 Macbeth Street went under contract in one day.

I reported on February 12, that 1355 Macbeth Street was listed for sale in the McLean Hamlet for $874,800.  As predicted, the home did not last long.  There was an open house held on Sunday, 2/12, and the home went under contract later that day.  Given that the average sale price for Hamlet homes since 2012 is above $900,000, and this home is in well above average condition, it is no surprise that a contract was ratified immediately with such an attractive price.  Based upon past sales, expect this home to sell for several thousand above the list price.  Check back for further updates.

 

1308 Macbeth construction completed

Construction at 1308 Macbeth in the McLean Hamlet completed.

The construction at 1308 Macbeth Street seems to have reached a conclusion.  The sod for the lawn was laid yesterday, and many news trees and shrubs were also planted.  Below are a few photos of the home taken while I walked my dogs last evening.   On the exterior, the only remaining items seemed to be the installation of a new driveway.  Neighbors should expect an open house to be scheduled soon so we can check out the newest home in the McLean Hamlet.

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1308 Macbeth – February 15, 2017
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1308 Macbeth rear and side 2-15-17

1318 Titania Lane Sold for $1,190,000

The home at 1318 Titania Lane, listed for sale on November 11, 2016 for $1,220,000, has sold for $1,190,000.  This transaction is the highest selling home in the McLean Hamlet since 1341 Macbeth Street sold for $1,236,000 in November 2015.   Like 1341 Macbeth, the home at 1318 Titania Lane had undergone extension renovations, including an addition featuring a new master bedroom.  This home was on the market for 35 days.

Since January 2012, 19 homes have sold for over one million dollars, including five homes for more than $1,190,000.  The average sale price of the 90 homes sold in the McLean Hamlet since January 2012 is $916,342, according to the local multiple listing service, MRIS, of which I am a subscriber.

1355 Macbeth Street Listed for Sale

A home was listed for sale in the McLean Hamlet yesterday. It is located at 1355 Macbeth Street and is priced at $874,800.  An open house will be held today from  1-4 pm.   The home is a split foyer that was renovated extensively after it was purchased in 2010 by the buyers.

The home has five bedrooms and three full bathrooms.  Three bedrooms are located on the main level upstairs, and two on the lower level.  It features hardwood floors on the main level, an updated kitchen with stainless steel appliances, and a bump out addition that adds living and dining space.

I predict this home will not last long. The owners, who own multiple homes in the McLean Hamlet, and therefore know the market well, have priced this home lower than a nearby home of comparable size and quality that sold for $935,000 in January, 2017.

1307 Titania Lane Listed for $1,249,000

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1307 Titania Lane

A new listing hit the market in the McLean Hamlet. The home is located at 1307 Titania Lane, a two-level rambler with four bedrooms, three full bathrooms, and a two car garage on a .37 acre lot. This home is also available for rent at a price of $4,500 per month.

 

The list price of $1,249,000 is currently the highest in the neighborhood right now for an original (non-teardown) home.  The has been extensively renovated. Photos show that interior walls have been removed to open the main level floor plan, which features hardwood floors. The kitchen is now accented by pendant lights above an eat-in island with granite counters, and new stainless steel appliances have been installed. The bathrooms have been completely refinished with new tile and granite vanities.  The lower level of this home features a bump out addition off the back of the home with a wall of windows providing lots of natural light.  The addition has an added benefit of providing a terrace off the main level accessible from the dining area.

The original owner purchased the home in 1966 for just under $40,000. The home was purchased for $760,000 on September 16, 2016 according to the Fairfax County tax administration website.  That website states that the home was sold under “duress (liquidation, forced sale, etc). Tax records show the home was purchased by Hamlet Investment LLC, a corporation registered with the Commonwealth of Virginia State Corporation Commission with a principal address at 1305 Titania, the home next to this one.

Interested in this home or other opportunities to invest in the McLean Hamlet?  Contact me for details about homes in this popular neighborhood.

1308 Macbeth nearing completion

 

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1308 Macbeth Street

The construction of a new home at 1308 Macbeth appears to be nearing completion.  The original home was demolished in October 2016, and Sekas Homes is building the new home pictured.   The new home has over 5500 square feet of living space on three finished levels, a two car side load garage, and a deck in the rear of the home.  The home is listed for sale for $1,699,000.

I have been watching the construction of this home closely, as it is located in my back yard.  Sekas Homes is a long established builder in this area, with a reputation for quality construction and design.

Sekas Homes completed another project just a few doors down at 1314 Macbeth in 2016.  below are before and after photos of the project. The home that was torn down at 1308 Macbeth was the same model as the one removed from 1314 Macbeth.

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1314 Macbeth – Before
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1314 Macbeth – After