Falls Church Fall Real Estate Guide 2022

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FCNP.COM | FALLS CHURCH NEWS-PRESS

Real Estate

OCTOBER 13 - 19, 2022 | PAGE 11

FALL 2022

INSIDE: How upgrading a kitchen can bring value to your home.

page 14

Interest Rates and how they affect you?

page 19

Falls Church House Experts.

pages 16–17

Co

Falls Church City

! n o o S g n i m

www.greenbuilthomes.net

PAGE 12 | OCTOBER 13 - 19, 2022

Real Estate

Top Falls Church Home Sales JULY-SEPTEMBER

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#3 $2,150,000

FALLS CHURCH NEWS-PRESS | FCNP.COM

Top 5 F.C. Home Sales July 1 – September 30, 2022

#4 $2,000,000 #1 $2,155,000

1. 2233 Beacon Ln. Falls Church, VA 22043 2. 2301 Providence St. Falls Church, VA 22043

#5 $1,950,000

#2 $2,150,000

Thinking about selling?

Reach out for a consultation on your property today!

3. 2152 Crimmins Ln Falls Church, VA 22043 4. 204 N Van Buren St. Falls Church, VA 22046 5. 2223 Orchid Dr. Falls Church, VA 22046

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OCTOBER 13 - 19, 2022 | PAGE 13

PAGE 14 | OCTOBER 13 - 19, 2022

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FALLS CHURCH NEWS-PRESS | FCNP.COM

Kitchen Remodeling: What Adds to a Higher Home Value?

BY KYLEE TOLAND

FALLS CHURCH NEWS-PRESS

When it comes to the remodeling of one’s house, most of the main focus can go into the place where a family comes together to socialize and enjoy a meal.

Kitchens, along with bathrooms, have been considered to be the most important selling and remodeling points in a home. In recent years, the value of a home can be increased based on the kitchen itself, with certain trends adding to that value.

Patty Oldham is the branch manager for Reico Kitchen & Bath in Falls Church. She said remodeling a kitchen “definitely adds value to the home,” especially as the market becomes “more competitive with new homes being built in desirable areas like Falls Church.”

Depending on one’s budget and what is important to a person within a project, Oldham said remodeling a kitchen can involve “fundamental changes” such as updated cabinetry, installing new countertops and fixtures, adding backsplash or

building out a kitchen island, as well as adding “energy-efficient appliances” to add more value.

Jenn Zschunke is the director of customer experience and community relations at Moss Building and Design. She said the kitchen is “the heart of the home,” due to families spending a lot of time together there as well as serving as a place for “entertainment” rather than just making meals. Zschunke also stated that having a kitchen that has “modern features” and “a few bells and whistles” adds to the value of a home.

One modern feature that has become popular in recent years is adding technological advancements into a kitchen.

Also known as “smart kitchens,” these technologies can range from motion sense-equipped kitchen faucets that can sense the presence of one’s hands, or simple outlets for one to charge their devices.

David Foster, the president and CEO of Foster Remodeling Solutions, said adding charging stations to a kitchen is a “common feature” in a kitchen nowadays; whether it be placed

KITCHENS CAN HAVE various modern features that add to the home value, such as electric outlets and an island. (P���� C�������: S��� F�����) in a drawer so one doesn’t have to see their electronic device, or placed somewhere where one can work on and charge their device while being in their kitchen.

“I would say kitchens are one

of the spaces that probably add the most value to the home,” Foster said. “It helps with resale also, if somebody was to decide to sell a home.”

Another feature that has become common but still is

popular among buyers and sellers is the installation of a kitchen island. In her experience, Zschunke said having a “beautiful island” in the central part of

Continued on Page 18 TM

Your Vision.

Our Expertise.

From design to completion, we provide you with peace of mind so you have everything you need to complete your kitchen or bathroom.

Experience the Reico Difference 1224 West Broad St Falls Church, VA 22046 703.748.0700

since 1952 • reico.com

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OCTOBER 13 - 19, 2022 | PAGE 15

Exceptional Sales Team For Listing and Selling Homes.

Let us help you build wealth through real estate. It’s our passion.

Voted Best Property Manager in Falls Church four years running!

Focusing on your success.

PAGE 16 | OCTOBER 13 - 19, 2022

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FALLS CHURCH NEWS-PRESS | FCNP.COM

A Falls Church News-Press Advertorial

M e e t Yo u r H o u s e E x p e r t s

Tori McKinney - ROCK STAR Realty Group, KW Metro Center

As you embark on your real estate journey, it is important to have the right real estate agent on your side. Trust ROCK STAR Realty Group, your neighborhood expert, to help you navigate the way.

My Group strives to be the most trusted and connected Realtors® in Falls Church City and beyond. My respected and experienced team and I are passionate about helping buyers find the homes they love, and providing sellers with a seamless sale from start to finish. My #1 aspiration is to bring my clients joy, calm, and confidence with one of life’s biggest decisions. Your housing dreams are our utmost priority. We look forward to guiding you!

Each Wednesday, I’m at Northside Social Falls Church from 10:00-11:00 AM for my ROCK the House Coffee Hour. Please join me to discuss your housing needs and questions about the market over coffee. See you there!

Cheers - Tori

703.867.8674 • RockStarRealtyGroup.com

Ken Trotter, Silver Line Group at TTR Sotheby’s International Realty Ken Trotter is the founder and principal agent of the Silver Line Group and regularly recognized as one of Washington, DC’s top producing Realtors®. While the heart of the team’s practice is in Falls Church, the team also regularly represents buyers and sellers along the Silver Line corridor from DC to the Dulles.

Ken’s team regularly sets sales records and knows how to maximize a seller’s net return with: strategic home preparation, optimal market positioning, skilled negotiations, leveraging multiple-offer scenarios, and first-rate marketing.

If you are selling your home, please reach out to learn how to get everything you deserve.

703.606.1122 • SilverLineHouses.com

Pam Micciche, Keller Williams Pam Micciche of the HBC Group KW works hard for her clients by focusing on the essentials: strong relationships, honesty, and an unflagging commitment to the client’s best interest. As a native Washingtonian and a resident of Falls Church for almost 20 years, Pam knows this market inside and out. She lives in town with her husband, two kids and one very spoiled dog. Reach out to Pam when you are considering selling, buying, renting or investing so that she can put her strengths in negotiating to work for your real estate needs.

The HBC Group consistently sells over 100 residential properties annually ranging from multi-million dollar luxury estates to $300,000 condominiums and townhomes.

Albert Bitici

I live, work, and raise my children in Falls Church and am a strong advocate of our wonderful community. I bring over 15 years of real estate experience, in sales, rentals, and renovation gained from working in the New York and London real estate markets. Bred from a family of small business owners I understand the importance of consistently delivering a high level of customer service to all my clients. I have created a brand which provides the right advice to clients, backed by the highest level of customer service, and the best marketing. Which is why The Bitici Group attracts forward-thinking clients and exceptional real estate to prove that fantastic results are achieved with a bespoke, tailored approach.

For a smarter, personalized approach to buying and selling, contact our award winning real estate team, The Bitici Group at Keller Williams Metro Center.! .

571.775-0468 • albert@thebiticigroup.com

Julie Andre Julie Andre is an area native and highly experienced Senior Mortgage Officer with UNFCU, lending in all 50 States. She provides valuable solutions and education for all home loan types and sizes. Julie provides individualized attention to borrowers from pre-approval through closing. First-time buyers, move-up buyers, downsizers, self-employed, investors, second homes, cash buyers seeking delayed financing, foreign nationals and more. In addition to weekdays, Julie is available evenings and weekends. Feel free to reach out by phone/text (703) 237-0333 or email jandre@unfcu.com.

703.237.0333 • jandre@unfcu.com

Louise Molton Last Summer we were talking about Covid - this fall it’s all about interest rates. So what does this mean if you are trying to sell your home right now? We are still in a seller’s market in Falls Church and Arlington because we are still experiencing a lack of inventory, which is helping to keep prices relatively stable. Money has become more expensive for buyers so their purchasing power has been reduced, but banks are responding by bringing out new products that will help in this market. We haven’t seen ARM’s for a while, but the Adjustable Rate Mortgage is back and some other products that are helping to keep the housing market afloat. I love challenging markets! It makes my 20 years of real estate experience count, so please call me for a free, no obligation consultation and let me put my experience to work for you!

703.244.1992 • agentlouise@gmail.com 703.371.9343 • HBCGroupKW.com

Kathy Pippin, Samson Properties Kathy Pippin grew up in Northern Virginia, and received an engineering degree in Maryland. Her methodical approach and local knowledge, coupled with her negotiation skills and top-notch marketing, have well equipped her to serve her clients, whether first-time home buyers, repeat buyers, sellers, or investors. She is pragmatic and has a consultative approach when helping clients buy or sell. She has a dedicated team to produce successful outcomes for each sale. Kathy believes in giving back to the community and supporting local and national charities in the areas of children’s cancer research, survivors of abuse, and worldwide medical assistance. Kathy Pippin believes in educating her clients.

703.408.0838 • KathyPippinProperties.com

JD Callander and Ed Blanchard JD Callander and Ed Blanchard with Weichert Realtors both call Falls Church City home and bring over 25 years of combined real estate experience and passion to their work. They are well-known and respected agents and demonstrate success through integrity in all that they do.

They understand the market, are attentive to details and truly care about their client’s needs. They also love giving back to their beloved community through sponsoring the FCC Memorial Day Fun Run, HTG Games benefitting Falls Church City ES/PTA plus many smaller events.

703.821.1025 • www.NewNovaHome.com

FALLS CHURCH NEWS-PRESS | FCNP.COM

Jennifer Talati

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M e e t Yo u r H o u s e E x p e r t s

Jennifer Talati is a long time resident of Falls Church and a supporter of all things music and arts within the community. As a multi-million dollar agent with the Long & Foster Arlington/Falls Church office, she brings over 20 years experience listing and selling homes throughout Northern Virginia to the table with both dedication and high energy in the role. Jennifer specializes in the close-in neighborhoods of Arlington, McLean, Falls Church, Annandale and Alexandria. .

703.944.3874 • Jennifer.Talati@longandfoster.com

Founders Row Welcome to Founders Row - Falls Church’s newest retail destination, managed by Mill Creek Residential. Founders Row is home to two residential communities- Modera Founders Row, a luxury apartment community, and VERSO Founders Row, a collection of designer 55+ apartment homes. There are many restaurants and retailers on board (Chasin’ Tails, Ellie Bird and Club Pilates to name a few!), creating a one-stop shop for its residents. “Founders Row was always envisioned to elevate the dining and entertainment experience in the City of Falls Church,” said Joe Muffler, managing director of development. Enjoy shopping, dining and luxury amenities right outside your door! .

OCTOBER 13 - 19, 2022 | PAGE 17

A Falls Church News-Press Advertorial

571.370.3201 • VersoFoundersRow.com

FOXCRAFT Design Group FOXCRAFT Design Group is in their 33rd year as an award-winning design/build firm and general contractor. What is the secret to longevity in such a competitive marketplace?

“We understand adapting homes for growing families and the importance that a neighborhood plays in family life,” explains FOXCRAFT president and owner Chandler Fox. FOXCRAFT is among the most creative, experienced design/build firms in the region, specializing in meeting clients’ budget expectations and overcoming ever changing national and county codes, regulations and guidelines. “We’ve done it all,” Fox says.

“Clients come back to us many times for additional projects. We are problem solvers and trusted advisors.”

703.536.1888 • www.FOXCRAFT.com

DuBro Architects + Builders DuBro Architects + Builders have been transforming our clients’ homes for 20 years.

We care deeply for our clients and the community within which we work. We are driven by the integration of insightful design and expert craftsmanship infused with a spirit of integrity and innovation.

LOVE YOUR HOME.

703.533.7464 • www.dubro.net­

MOSS Building & Design Since 2001, MOSS Building & Design has established a reputation for excellence in remodeling additions, kitchens, bathrooms, basements, and home services throughout Northern Virginia. Their customers see them as a trusted partner, and MOSS Building & Design is very proud that over 85 percent of their customers consider themselves ‘customers for life.’ MOSS Building & Design has won consumer awards from Angie’s List for eight consecutive years and also has an A+ rating from the Better Business Bureau as well as many industry building and design awards. Recent notable accolades include the 2022 PRO Mid-Atlantic Remodeler of the Year Awards in three categories, including two Grand Prize winning remodels.

hello@mossbuildinganddesign.com • www.mossbuildinganddesign.com

N-Hance of Fairfax

Mark Donnelly, owner of N-Hance of Fairfax, NW, a local franchisee of the #1 Cabinet Refinishing Company in the US. We offer our clients affordable options to update their homes. Whether you are looking to renew aging cabinets, want to brighten your kitchen with a lighter color, or follow the latest color trends, we can help bring a whole new look to your kitchen. Furthermore, if your cabinet boxes are solid, but your doors are dated, we can also do a re-dooring to a more modern style (like Shaker), without the mess, expense or duration of a traditional remodel.

My team and I look forward to hearing from you and seeing how we can help to create the kitchen of your dreams. ®

703.345.3100 • FairfaxNW@nhancelocal.com

Reico Kitchen & Bath Your dream, our ideas and expertise. Reico Kitchen & Bath takes your dated, tired kitchens and bathrooms and transforms them into spaces you love and want to spend time in.

Established in 1952, Reico Kitchen & Bath is your one-stop for kitchen and bathroom design and remodeling. We offer cabinets, countertops, appliances, sinks, fixtures and everything you need to create your new kitchen or bathroom. It is our goal to have every customer recommend us at our Falls Church, VA showroom or at any of our 23 showrooms throughout the Mid and South Atlantic.

703.748.0700 • reico.com

The Mather The Mather, projected to open in 2024, is a forward-thinking Life Plan Community for those 62+.

It’s smack dab in the middle of it all, bordering a three-acre urban park and within walking distance of Tysons rail service, retail, and restaurants. The Mather’s apartment homes feature expansive views, luxury finishes, and smart-home technology. The Mather will feature 38,000+ square feet of amenities, including restaurants, spa, fitness center, indoor pool, rooftop clubroom, art studio, and more! Life Plan Communities are lifestyle communities in which people can pursue new passions and priorities, with a plan in place that supports aging well.

703.348.8522 • themathertysons.com

GreenBuilt Homes GreenBuilt Homes is an award-winning, environmentally-friendly builder based in Falls Church City. We blend traditional architectural appeal with technologically advanced designs and features to provide quality-crafted homes at an exceptional value as we revitalize the urban neighborhoods of Falls Church City, Arlington County, and select neighborhoods in Fairfax County. GreenBuilt was founded in 2001 and builds all its homes to meet the requirements of Energy Star and the NAHB’s Green Standard. GreenBuilt is a proud supporter of the Falls Church City Public Schools and staff, FCEF, and Mary Riley Stiles Library.

703.593.2160 • www.greenbuilthomes.net

Peake Management, Inc. Lindsey Peake was raised with a passion for real estate that has extended through 3 generations. An avid investor herself, she works hard to find good investment properties and homes for clients. Not all houses make good rental property, that’s where experience helps.

With a 40-year history in Northern Virginia, the company is strong and well-established. The focus is always on the client, whether listing a home for sale, buying the perfect home, or managing property.

A strong believer that long term property ownership creates wealth.

703.408.2153 • www.peakeinc.com

PAGE 18 | OCTOBER 13 - 19, 2022

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FALLS CHURCH NEWS-PRESS | FCNP.COM

Kitchen Remodeling: What Adds to a Higher Home Value?

Continued from Page 18

the kitchen has been popular among Moss’s customers.

Whether it comes with more storage room or a “beautiful, stone countertop,” Zschunke said an island is a “great way to gather” for a family meal rather than a dining room table.

Foster added that Foster Remodeling Solutions has seen “a lot of islands being added” to a kitchen if homes don’t already have them. He stated islands can be used as a work surface for both adults and children, as well as being a place for people to sit and be “a part of what’s going on in the kitchen without being in the way of the cook.” Some people may want to add cooking stations or sinks to their islands as well.

Having quality storage places with high end cabinetry as well as incorporating “unique colors” in a kitchen can add to a home’s value. These types of cabinets can include a “Lazy Susan,” a rotating, tray-shaped platform that can be placed inside corner cabinets; or a “racetrack design” that simply

KITCHENS NOWADAYS are not only for cooking and eating, but also for entertaining and socializing. (P����: M��� B������� � D�����) allows a cabinet to be pulled in and out. Zschunke said having both of these features can add to the “aesthetic” of one’s home.

Mark Donnelly, the owner of NHance of Fairfax NW, said coloring one’s cabinets can give the kitchen a “brand new look at a fraction of the cost of a remodel.”

If the cabinets are “still solid” but the doors are “old-fashioned,” re-

dooring is a “great, cost-effective way to modernize one’s kitchen.”

“Now with people opening up their homes, the kitchen is really a part of the homes; look and feel and design overall,” Zschunke said. “I think people are looking for ways to kind of make their design style, look and feel kind of spread throughout the kitchen.”

REFINISHING CABINETS also can add to the value of one’s home. (P����: M��� D�������)

(703) 345-3100 • FairfaxNW@nhancelocal.com

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The Fed Has Challenged Inflation to a Duel

by Nick Gatz

Falls Church News-Press

The Fed, and more specifically its Federal Open Market Committee, is attempting to combat inflation. The Fed and Chairman Jerome Powell are increasing interest rates, using monetary policy to rein in price increases. If inflation proves to be too powerful, they may not be able to contain these price increases.

Worse, this duel could cause collateral damage. Increasing our low level of unemployment or diminishing corporate and consumer confidence, pushing stocks further into bear market territory.

Our banking system is managed by the Federal Reserve among many other federal agencies. The Federal Reserve was established with a mandate to maximize employment, stabilize pricing, and moderate interest rates. You may have heard in September that the Federal Funds rate increased 75 basis points (0.75 percent) to 3.25 percent. The Federal Funds Rate is what commercial banks charge to borrow and lend to one another overnight. Commercial banks in turn lend this money with a spread above it to businesses and consumers.

Mortgage rates begin to increase, increasing monthly payments quite dramatically. As of 2020, an average 30 year loan was comprised of 33 percent interest. Financing the same amount today would amount to 57 percent as interest.

Payments would increase 50 percent on the same home and same down payment. Affordability in The Little City is becoming even more distant for those looking to buy. As buyers begin looking at properties within lower price points,

others sit on the market longer as sellers consider price cuts.

Not only are mortgages affected, but almost all types of loans. When the cost of borrowing increases, companies and individuals tend to consider spending cuts. As companies observe decreasing demand, they may temper price increases or contemplate price reductions for their products. Today, we may be in a period where the average consumer is evaluating substitutes to meet their budgets, instead of foregoing a purchase altogether. This only muddies the water further. When the Fed increases interest rates, companies of all sizes and types are affected and have to contemplate these changes. What alternative measures can the government take with fiscal policy?

Most of these actions include targeting specific products or services. For example the Inflation Reduction Act aims, among other things, to reduce the cost of specific drugs. Targeting systemic problems may correct flaws related to drug pricing; however economist believe reducing one product is not an impactful action for the economy as a whole.

Other fiscal policies targeting inflation, include the aim to reduce gas prices.

As you drive down Washington St, it is easy to notice the price of gas has continued to fall. This will certainly influence inflation, but how sustainable is it? Is it possible to see sub $3.00 prices again without an end to the war in Ukraine?

The Fed’s next meeting is November 1-2.

Jerome Powell stated “The chances of a soft landing are likely to diminish to the extent that policy needs to be more restrictive, or restrictive for longer” and the Fed is “committed to getting inflation back down to 2 percent.”

THE FED INCREASTED the Interest rate to 3.25 percent.

OCTOBER 13 - 19, 2022 | PAGE 19

Living Architecture

Integrated Design + Build Services Est. 2002 (Courtesy Photo)

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PAGE 20 | OCTOBER 13 - 19, 2022

You Deserve an Agent Who Can Get You Everything You Deserve When Selling Your Home

FALLS CHURCH NEWS-PRESS | FCNP.COM

Helping Our Clients Buy, Sell and Invest!

Kathy Pippin, Realtor SOLD

Alexandria

Falls Church

Falls Church

We know how to maximize your net return with: Strategic home preparation Optimal market positioning Skilled negotiations Leveraging multiple-offer scenarios First-rate marketing Thinking about selling a home? Please reach out to us to maximize your net return.

Ken Trotter, J.D., Realtor® Falls Church Expert Silver Line Group, CEO 703 606 1122 Info@silverlinehouses.com SilverLineHouses.com

FREE Seller Seminar 10/20

FREE Buyer Seminar 10/27

Website: Kathypippinproperties.com

6707 Old Dominion Dr. #315 McLean, VA 22101

Email: Kathy@Kathypippinproperties.com Licensed in VA

Call/Text: 703-386-7896

UNDER CONTRACT! ZERO DAYS ON MARKET! Elegant brick colonial in highly - desirable Broadmont area of Falls Church City.With over 4500 sq ft on 4 finished levels, 2 car attached garage and extra storage, this home is not to be missed! Featuring 4 bedrooms and 2 baths on the upper level and a spectacular spacious finished loft room on the second upper level, with tons of natural light and a full en-suite bathroom that could be used as a playroom, 5th bedroom or home office.The possibilities are endless! The expansive family room off the kitchen centers around a cozy fireplace and exposed beams add to the charm. Enjoy the fabulous screened porch and private fenced yard - a perfect flow for entertaining or evening dinners al fresco. Mins to Metro and downtown Falls Church City.

Don't wait! This home is a terrific value and has been lovingly cared for by its long term owners! Offered at $1,385,000

Louise Molton Associate Broker Phone: 703 244-1992 louise@moltonrealestate.com

Each Office Independently Owned and Operated

710 W Broad St Falls Church, VA 22046 703-596-5303

EQUAL HOUSING OPPORTUNITY

®

REALTOR

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R EA L E STATE

OCTOBER 13 - 19, 2022 | PAGE 21

Purchase Loans

Home Prices Vs. 1 Year Ago

Renovation Primary • Investment • Second Homes Specialized Adjustable Rates Let’s discuss your options!

Change in Average Home Price: 3Q ‘21 vs 3Q ‘22

Equity Loans • Lines of Credit Cash-Out Refinance

Julie Andre

15.69%

Change in Falls Church City (22046)

-9.76%

Change in Bailey’s X-roads (22041)

9.68%

Change in Sleepy Hollow (22042)

8.84%

Change in Pimmit Hills (22043)

-55.00%

25+ years local lending experience Falls Church Resident

Call / Text / Email Today

703-237-0333 JAndre@unfcu.com Senior Mortgage Loan Officer NMLS ID 1010775

United Nations Federal Credit Union

8251 Greensboro Dr, Ste 620 McLean, VA 22102 703-448-8320 • UNFCU NMLS ID 456916 Information subject to change without notice. Loans subject to credit approval.

WALK-IN BATHTUB SALE! SAVE $1,50000

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Change in Lake Barcroft (22044) THE U .S.

H

.S D .& IM P O RTE

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Home Sales Vs. 1 Year Ago

Change in # of Homes Sold: 3Q ‘21 vs 3Q ‘22

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Limited Time Offer–Call Today!

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SAVE THE DATE Community Shred Day Sponsored by

4600 Cherry Hill Rd. Arlington, VA 22207

-41.76%

Change in Falls Church City (22046)

-26.88%

Change in Bailey’s X-roads (22041)

-37.24%

Change in Sleepy Hollow (22042)

-27.50%

Change in Pimmit Hills (22043)

-10.81%

When: Sat, Nov 12th, 9AM - 12PM Where: Sleepy Hollow Elementary 3333 Sleepy Hollow Rd, Falls Church, VA 22044 True Shred will be on site to shred documents 123Junk will be on site to collect household items

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PAGE 22 | OCTOBER 13 - 19, 2022

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+ Luxury 5 5 Living

Your next great chapter awaits! Come discover luxury apartment living in the beautiful city of Falls Church, VA. Choose from amazing one and two bedroom homes, including den and balcony options.

571.370.3201 | VersoFoundersRow.com

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