Two-bedroom, two-bathroom condo in Fairfax for $397,500

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Potential home buyers, especially first-time buyers, have been hit in recent months by the double whammy of rising mortgage rates and rising home prices. Buyers looking in Fairfax County, Virginia, for example, face some of the highest home prices in the DC area. The median sale price for a home in Fairfax County was $685,000 in June, according to Bright MLS.

For buyers with a budget of up to $400,000, a condo may be the only option to buy property and start building equity. For many buyers, a condo also offers the advantage of requiring less maintenance. However, condominium fees are added to the monthly purchase cost and should be considered as part of the purchasing decision. Buyers looking for a community with resident amenities may also appreciate a condo.

Two-bedroom, two-bathroom condo in Laurel, Maryland, costs $249,900

For example, the condo at 3851 Aristotle Court #217 in Fairfax is priced at $397,500. Annual taxes are $4,059 and monthly condo fees are $291.

Condo fees include access to amenities such as a swimming pool, fitness center, community rooms, game room, playground, and business center. Pets are allowed with certain restrictions. The fee also includes a reserved parking space in the garage, maintenance of common areas, snow removal and snow removal and reserve funds. The community has a security gate.

Built in 2003, the Fairfax Ridge condo is in the town of Fairfax, Fairfax County. The community is close to Interstate 66, Route 29, and Route 50. Vienna Metro Station, Fair Oaks Mall, Fairfax Corner Mall, and Fair Lakes Mall are all less than eight miles away. kilometers from the condo. Several grocery stores and other shops are also nearby.

This 1,144 square foot second floor unit features two bedrooms and two bathrooms. The condo has hardwood floors, a living room and dining room with a ceiling fan, and an open kitchen with white cabinets, granite countertops, and a center island. The main hallway is large enough to be used as an office, and the building has high-speed fiber optics for internet service. The condo also has a laundry room with washer and dryer in the unit.

Affected schools include Waples Mill Elementary, Franklin Middle and Oakton High.

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For more information, contact Realtor Shannon Natale with Pearson Smith Realty at 703-282-1892.

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