It took a while, but in this case, patience was definitely a virtue as we sold our beautiful raw five-acre land lot in the desirable Carrwood Estates community of Great Falls, Virginia last week. The lucky buyer is, we understand, planning to build a unique custom home; we can't wait to see it! This sale, at a closed price of $1,550,000, demonstrates the high value associated with this location, close to Tysons Corner, Riverbend and other fashionable and popular places to visit, yet utterly rural, and a stone's throw from the Potomac River. We still have the amazing Deckhouse listing opposite the lot, also on five acres, and ready for it's next custodians to stamp their own personalities on this wonderful post and beam construction house, which boasts around 6,800 square feet - check out the website and video tour below. Priced at $2,400,000, the house represents great value when one analyzes the 'comps', particularly the most recent one described above!
Don't hesitate to call me to set up a tour, or have your agent schedule it at your convenience. The spring market is about to start, and with low inventory all over the region, properties like this will be snapped up. Happy (property) hunting!
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I'm so pleased to announce the re-listing of our gorgeous 27.61 acre lot on Calumet Lane in Bluemont, co-listed with my broker/owner, Janeen Marconi. Check out the video 👇 Calumet Lane is a private gravel road stretching from historic Snickersville Turnpike to Route 7. There is no homeowners association but there is a road maintenance agreement with each lot owner contributing around $400 a year for snow removal, adding gravel and the like.
Lot 10, as it was platted, has been perced for a 6-bedroom home meaning that a new owner will be able to build a house with as many as 6-bedrooms, the maximum allowable bedroom count for the (to be built) approved septic absorption system. Perced refers to how well the soil percolates waste matter. Take a look at the photo gallery below, or go to the listing information page for more detail! Land in Great Falls, Virginia is scarce, making our latest listing on Edmonston Road even more desirable. The 5-acre lot was recently 'perc' approved by Fairfax County for a 6-bedroom home, and is a short walk to the Potomac River - check out the video... The term 'perc' refers to how well the soil percolates and therefore how well it will absorb waste water from a house in to the septic drain field. The better it percs, the more bedrooms are allowed to be included in a new build - it is assumed that each bedroom will accommodate two people using the waste water system. It's not always easy to properly show raw land in a video, but we were fortunate timing-wise in that spring greenery was coming in, but not yet fully in leaf. Also, with the Potomac so close by, drone video nicely demonstrates the proximity of the river. And literally down the road, 2.7 miles away, is one of my favorite restaurants, the famed L'Auberge Chez François, the perfect place for haute cuisine anytime! Take a look at the listing information page and give me a call if it might be of interest. But be quick - properties such as this one, which is priced at $1,800,000, don't last very long.
As a Realtor, I experience some profound highs in this, my chosen career, mainly when I witness a client’s joy at closing on a new home or successfully passing one on to its new stewards. In 2018, I had the distinct pleasure of working with Hannes and Sarah Endhardt in their quest for a vineyard or, if the right existing property could not be found, the ideal parcel of raw land on which to plant a vineyard and build a tasting room. Following several disappointments, including a going concern vineyard/winery and a parcel of raw land, which was discovered to be unsuitable for the growing of quality grapevines, we located a 46 acre rolling lot, already in conservation easement, on a serene Virginia Byway, Lincoln Road, Purcellville, and went to work on our due diligence, including soil testing to ensure there were no hidden impediments to making great wine. The real hard work began following closing of the purchase. Hannes and Sarah set about ordering new vines, not a simple matter and one which requires many many months of lead time. Once these arrived, they were meticulously planted while the property was fenced and beautified, with the eventual addition of a meandering gravel drive and adorable rustic modern tasting room, with winery below. The naming process was easy and Endhardt Vineyards was born. During September 2021, the tasting room opened quietly with Hannes and Sarah working the tasting bar. Without any fanfare or advertising, it quickly filled with passing oenophiles who spotted the Endhardt Vineyards sign off the main road. Take a look at my Country Zest & Style article here, and pay a visit on any Saturday or Sunday, 12 noon to 5pm.
The past year has seen an incredible increase in residential property prices, with a corresponding decrease in inventory in our DAAR (Dulles Area Association of Realtors) region. It's becoming more and more of a challenge to secure the purchase of property when representing clients, due to fierce competition and significant waiving of contingencies by other prospective buyers. When it comes to land sales, however, it's a little bit of a different story. There's nowhere near the instant gratification phenomenon one gets with a raw piece of land, as compared to an existing home. That said, land prices have increased significantly with a corresponding increase in volume, however the level of frenzy is lower which allows more patient buyers, who may be willing to plan for the long-term, to acquire their dream location, and build their dream home. Below is a quick video I took while showing two land properties in beautiful Northern Virginia this weekend. The clients in question are indeed planning for the longer-term, following a return to the US after a foreign posting. They were able to spend the day walking these delightful parcels, envisioning how the house they want to build could be sited. One of my more recent marketing taglines for some of these land properties has been "Land - they're not making any more of it!". Moral of the tale is if you don't need to move immediately, and other parameters work for you, consider searching for a lot and enjoying the design and build process. I know someone who can help… Every now and again, a remarkable property comes up for sale. I was fortunate enough to have been engaged by the owners of an 11.7 acre parcel in Great Falls last year which closed this week. It is in fact two spectacular parcels, located in Cornwell Farm just off Georgetown Pike. My clients have owned these properties since 1972 and built a family home on one of the lots in 1978.
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AuthorPeter has written for his local magazines, Country Zest & Style and Middleburg Life as their Wine contributor. He also enjoys writing blogs on interesting and pertinent real estate matters, so please follow! Archives
August 2024
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