Alexandria, Virginia 22309
Listing Details
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Alexandria, VA 22309

2 Beds | 2 Baths | 898 sq. ft.
Short Sale
Listing ID: 53045543

$204,000

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons. For more check out 'First Steps' below.
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  • Property Information
    • Price: $204,000
    • Bedrooms: 2
    • Bathrooms: 2
    • Full Baths: 2
    • Living Area Size: 898
    • Heating Type: Heat Pump
    • Air Conditioning: Central A/C
    • Year Built: 1988
    • Description: APPROVED SHORT SALE! We have a settlement date and net to seller. Snag this one before it is too late. Great top floor unit! Sliding glass doors in living room leading to balcony overlooking trees. Cozy fireplace! Separate dining area. Vaulted ceilings. Stainless appliances. Washer/dryer in unit. Master bedroom with private bath and large walk-in closet. Unit could use some cosmetic work and personal touches but has a ton going for it. Newer HVAC. Assigned parking. This one has it all! Get it before it is gone! Copyright 2019 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
    • Source ID: VAFX1074162
    • Day(s) On Site: 54
  • Property Tax Roll
    • Subdivision: OLDE MILL
    • School District: FAIRFAX COUNTY PUBLIC SCHOOLS
    • Property Type: Condo
  • County Tax Roll
    • Bedrooms: 2
    • Baths: 2
    • Full Baths: 2
    • Rooms: 5
    • No. of Stories: 1
    • Air Conditioning: YES
    • Fireplaces: YES
    • Construction Type: WOOD
    • Exterior Wall Type: ALUMINUM SIDING
    • Heating Fuel: NO GAS PUBLIC/PIPED
    • Heating Type: HEAT PUMP
    • Roof Material: COMPOSITION SHINGLE
    • Land Area Sqft: 4,648
    • Year Built: 1988
    • APN: 109-2-06-00-0033
    • Property Type: Condominium
    • Living Sqft: 898
    • Sewer Type: PUBLIC
    • Water Type: PUBLIC
    • Subdivision: OLDE MILL
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  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $1,071 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $20,400 (10%) down.

      Check rates now!
  • Contact Information
    • Agent Company: Alex/OldTown HistoricDistrict
    • Agent Name: Kari Steinberg
    • Agent Company Address: 400 King Street
    • Agent Company City: Alexandria
    • Agent Company State: VA
    • Agent Company Zip: 22314
    • Agent Company Phone: (866) 677-6937
    • Agent Company Email: Email Now
    • Agent Phone: (866) 677-6937
    • Agent Email: Email Now

FIRST STEPS:

Short Sales

You've identified an ideal short sale property. Now what? Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value.

Read more

Indeed, the existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

On the flip side, lenders are often willing to agree to sale prices that are considerably less than what is owed on the current mortgages because the alternative is foreclosure, a costly, complicated and expensive process that will most likely only clog their non-performing asset pipeline further.

Therefore, once you identify a desirable short sale property, it's important to contact a local licensed real estate professional - or the listing agent - who can walk you through the negotiation and purchase process.

You need to act fast!

That's because short sales are time-sensitive. In addition, it's not a "traditional" transaction, meaning that it often takes longer - about four to six months on average - to close a deal.

But, more often that not, it's well worth the wait ... literally and figuratively.

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