
1 minute read
Eli Residential Group is available to you however you need us
by RLAH
We are independent
• Here to provide honest, independent guidance to you and the development team
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• Not hired by anybody
We are here to provide guidance for things like:
• Determining the best options/layout for your future unit
• Selling your future unit before or upon completion
• Helping you find a new home in the DMV with your new wealth and generous banking agreement for a new mortgage
• Advising the design and development team on layouts/options to maximize the value and functionality of your future unit
The average non-Arlington Heights (AH) condo in 22204 sells for 55% more than AH condos
Your home is currently worth less and costs more to maintain than your neighbors
Condos in the two newest buildings – 1107 S Walter Reed (2015) and 989 S Buchanan (2018) – are worth approximately 2x more than AH condos
Buyers negotiate an average of 4.7% off the asking price on AH condos compared to 1.3% on other 22204 condos
Condo fees at AH are approximately 32% higher than fees in other 22204 buildings and approximately 63% higher than fees in the two newest buildings
Your future units will be worth 2-3.5x more than current value
Positive market conditions for condo values
• There will be increasing demand for new condos in Arlington due to lack of new condo development, we average less than one new condo building per year since 2010 and pipeline is almost empty
• Amazon hiring continuing at thousands per year to 25,000 plus new corporate headquarters including Boeing, Raytheon, Nestle
Projected market value of completed future units:
• 800 SqFt, 1-2BR: $475,000-$550,000
• 908 SqFt, 2-3BR:$525,000-$600,000