Just Listed in Fairfax: 3 Bedroom Duplex for $405,000

Just Listed in Fairfax: 3 Bedroom Duplex for $405,000

Built in 1955, this duplex in Fairfax City has a lot of stories it could tell you. When built, 10640 Maple Street was an affordable home in what would have been considered the far reaching suburbs of Washington, DC. Nowadays, its location screams convenience, close to George Mason University, bustling downtown Fairfax City with its shops and mere blocks to the Fairfax County Courthouse Complex. The CUE bus stops only about three blocks away, traveling routes between GMU and the Vienna Metro. What used to be too far out to be valuable, is now in demand.

Inside hardwood floors welcome you to make Ardmore your new neighborhood and take you through the living room, dining room and entire upper and level. Best part? There is no HOA to tell you what kind of fence you can put up, what color you can paint your home, etc.

Storage is ample with a couple cubbies, one being a large mid-wall height cubby in the primary bedroom. Enjoy a built-in bookcase in the dining room that really was designed to be a built-in hutch for your dinnerware. The coffee cup hooks of yesteryear remain to tell the tale.

Black granite counters and updated white kitchen cabinets are the centerpiece of this home. Kitchen is open to dining room and the living room is expansive enough to allow for a desk. The nook under the staircase is the perfect location if you don’t claim the smaller of the bedrooms for a home office upstairs.

Covered parking in Ardmore duplexes is a rarity. Yet another feature for buyers. You will also have a shed, with a lawnmower to mow that expansive yard if you want it. And the picnic table in the back yard is the perfect spot to enjoy a cookout.

This one won’t last very long. It’s a great investment opportunity or first home purchase.

Fairfax City Duplex Just Sold Above List Price

10646 Maple Street Sold for $392,150 on December 15, 2020

Fairfax City Duplex Just Sold Above List Price

On Halloween I was pleased to bring 10646 Maple Street to the market as an active listing. It had been listed as coming soon on October 28th and to my surprise, not one single inquiry was made about the property in those three days. So when it went active on October 31st priced at $375,000, I was not surprised when it didn’t have immediate showings.

As it played out, our first showing was November 1st, after one full day on the market. It was followed by seventeen more showings. The first offer came on November 2nd and by November 3rd, the seller had four offers to review.

Of the four offers, two were very competitive. It came down to which the seller preferred. A large down payment or a little bit more in sales price. The seller went with more in sales price and picked the highest offer. At the time, that buyer had written in her offer a December 4th closing date. This was something that concerned me. With the insanely low interest rates many lenders are overwhelmed not just with purchases, but also with refinances. Nonetheless, the lender assured us he could make a December 4th closing. Still, I braced my seller for a delay because my experience in this market is that less than thirty days from contract to close is cutting it close.

The only thing troubling about the inevitable lender delays that happened was they were announced on three occasions at the last minute. Open communication is the key to trust between the parties in a real estate transaction. By the time the third delay came, there was also a request for pre-settlement occupancy. Before that could happen, there needed to be one more conversation about worst case scenario with the lender and the buyer had to remove their financing contingency.

Well, the worst case date of December 15th was realized when this duplex finally closed for $392,150. While the lender was a great guy and knew his stuff, he was only as good as his underwriting and closing departments which had no clue how to prioritize files they were working on. A great listing agent keeps track of the lenders who know their stuff, but also have great back end support.

When you are ready to sell your Fairfax City duplex and want a listing agent that knows how to get you the maximum amount of money from preparation to negotiation, give me a call.

Fairfax City Duplex Under Contract in 5 Days

10646 Maple Street was Under Contract in 5 Days after Multiple Offers

Fairfax City Duplex Under Contract in 5 Days

It was late afternoon on Halloween when this three bedroom, one and a half bathroom duplex became an active listing. Priced at $375,000, I was a little shocked that there had been no calls during the “coming soon” period of the listing. By November 1st, this home had an offer and many interested buyers. The sellers set an offer deadline of Tuesday evening and reviewed their four offers on November 4th.

It won’t be until early December that we can reveal the final sold price, but I can tell you that multiple offers often result in a bidding war and buyers dropping contingencies.

Stay tuned for the final details in early December. Until then, if you have a duplex in Fairfax City that you would like to sell while the market is hot, now is the time. There are plenty of buyers looking in Ardmore.

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