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Monday, March 10, 2008
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10 comments:
This house is up for auction this Saturday, at 1400.
I'm seriously tempted to go, but I'm also supposed to be in Manassas for a meeting at 1430, which makes for a difficult transition.
I'm not at all interested in purchasing the property, but there's enough here to make me curious to see if it sells. There's no evidence that there's any reserve price, and the low bid is low enough that it ought generate some interest.
Its pretty heinous.
The location is really bad, you couldent pay me to live in gangland.
Anyone go to the 600 house auction at the Washington Convention Center this past weekend?
I'm curious as to what it was like.
Thanks
New listings today:
10569 TATTERSALL DR
MANASSAS, VA 20112
Price: $400,000
last sale: Jul 05, 2006 $709,620
13794 TARTAN HILLS PKWY
BRISTOW, VA 20136
Price: $365,000
last sale: Oct 25, 2005 $539,900
Also, remember that "crazy culdesac," Three Sisters Court, in Bristow? Random bit of info: my husband was checking the Virginia sex offenders website, just to make sure there weren't any close to the house we made an offer on, and what do you know? Someone convicted of sexual battery lives on that culdesac, with another guy. Hmmm...
When I have the time and energy, I will do a close-up of Sumner Lake in Manassas and Lake Manassas in Gainesville--both are fascinating case studies.
Question: When a sale is classified an "assumption" on the market report, does that mean a bank takeover? Is there any other way to determine if a sale is actually a bank takeover?
Here are some local numbers:
Manassas City (20110)
median sale price: down 37.82%
ave. sale price vs ave. list price: 83.77% vs 92.52% last year
Manassas Park (20111)
median sale price: down 35.76%
ave. sale price vs ave. list price: 86.57% 91.81% last year
Bristow (20136)
median sale price: down 20.54 %
ave. sale price vs ave. list price: 90.13% 93.78% last year
But slightly more units sold in February this year in each of these zips than last year. More foreclosures? Prices down enough for people to buy? I don't know.
Another new listing with a decent discount:
13346 PELICAN RD
WOODBRIDGE, VA 22193
Price: $254,900
last sale: Oct 17, 2005 $464,900
Is anyone here a Woodbridge expert? A friend of my parents is moving from Albany, NY to the area. They have a large family, and are deciding between Woodbridge and Manassas. He is a lawyer who works in the district. I am lobbying against Woodbridge, because it seems like the classified section of the Post is mainly Woodbridge auction listings, and local news about Woodbridge seems to be even worse than here. But they are looking for a "bargain." Any insider info, including stats, would be appreciated--I'll pass it along.
A lawyer who works in the District is picking between Woodbridge and Manassas?
What's wrong with Fairfax County, I wonder? It seems like if he has a big family and is a lawyer on top of that he'll never see them with the commute plus the long hours.
I would suggest picking the one with the shortest commute and best individual neighborhood, if it's got to be one or the other. If they use ZipRealty, they can see at a glance which has the most inventory.
Harriet--I don't know them, but I understand they have a serious budget constraint, and don't want to spend more than $300K. He works for the government. I tried to point out that you can take the VRE more easily on the Manassas line, which would make the commute better. I also tried to point out that $300K still doesn't buy much here...but they are much older than I am, so I am sure they can make a good decision on their own. Just trying to get them the best info I can...
Most likely someone with a large family wouldn't be able to purchase a suitable house in Fairfax. What is best in the eyes of some, is impossible for others.
The area of the country where I come from, Roman Catholics and LDS families are few and far between, so I have no experience with the large family issues of today. (My two were enough for my ex and I.) But I can imagine a large family in the DC area would be in a lot of hurt if they wanted to live close in.
Her friend will find more accommodating houses further out that he can afford. With the new requirements for getting loans, unless he has inherited wealth, or makes a ton (& I know that Fed attorneys don't make great salaries)he had best stay in the suburbs. Get a high mileage car for him to drive and learn to commute!
Tabitha,
Oh, okay, thanks for adding some more details on the target price for the house. If you're looking between 400-500K, then your options are more open to find something decent for a family (SFH) in Fairfax County.
I personally would always vote for Manassas over Woodbridge, but that's because I prefer Route 66 over I-95. I'm sure they'll come down and take a look around for themselves, but to me the easiest commute possible would be my preference.
I did a search in Fairfax County on 4+/2+ houses under 325K, and came up with quite a number of results, mostly in Herndon.
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