Northern Virginia Real Estate Blog, Carolyn Capalbo

That's a $615 per month difference in mortgage payment! Think about what you could do with an extra $615 per month!

7972 Canova Forest Ct., Manassas, VA is a stunning listing that is only a few years young with lovely appointments, updates, 3 car garage, and 2 acres on a private cul-de-sac lot. This home is move in ready and currently listed at $675,000. A comparable home in Centreville will likely list and sell for $800,000 or more.

The distance between these locations is roughly 15 miles. From a commuting time on Route 66, that would be a 50-minute commute to Washington DC or a 45-minute commute to Crystal City from the Centreville location or a 1 hour and 5-minute commute to Washington DC and a 55-minute ride to Crystal City from Manassas

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Opportunity Cost is defined as the loss of potential gain when one alternative, or path, is chosen over another. As a Trusted Real Estate Advisor with deep roots in finance and economics, the term opportunity cost really sums up the question many would be buyers face. Should I rent a home, or should I buy a home?

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I have been watching Manassas closely for 2 distinct reasons.  Firstly, Manassas’ Micron Technologies late summer announced that it plans to expand its chip making facility over the next 10 years with a $3,000,000,000 investment and promises of 1100 jobs coming soon to Manassas. Secondly, Manassas is ideally located along the VRE (Virginia Rail Express) with service to Crystal City, the location of Amazon’s HQ2.  Manassas may become a beacon for ample and affordable housing for incoming technology jobs to the area.  In addition, Manassas has been quietly building a data center and technology opportunities.  The ground is broken on the new CloudHQ facility now being built on 234.  Prices year over year Q1 has risen by approximately 5%.  Inventory is still

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Real Estate Investment & Savings

Here’s how to make $100,000 work for you in a Real Estate Investment!

Do you have $100,000 in your savings or money market account earning 2% interest, 4% interest?  If you do, let’s compare these earnings with a real estate investment!

Safe and secure in the bank, passively earning 2% will net you $1400 per year after taxes (assuming 30% tax bracket).  Let’s also look at a 4% return, this will net $2800 after taxes (again assuming 30% tax bracket).

Now let’s put this $100,000 to work in a 3 level, 1 car garage townhouse in Winchester or maybe Fredericksburg.  Acquisition price of $215,000 and negotiating 2% Seller paid closing costs for this acquisition and financing at 4.875%, the additional closing costs.  Purchasing with a loan of

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I really love what’s happening in Manassas Virginia. Manassas is a great and affordable place to live in the Northern Virginia area and Manassas is Booming!  Besides being a great affordable location for Amazon HQ2 employees, Manassas has seen tremendous growth and economic development.  Micron Technologies this past summer announced a $3,000,000,000 (yup, that’s $3 Billion) investment and 1100 jobs commitment to the expansion of their Manassas Micro-Chip facility.   This facility is flourishing; developing and manufacturing microchips primarily for the automotive, industrial, and networking industries.  The expansion is scheduled to establish a development center and a commitment from Micron to help educate the next generation of technology personnel at

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With Amazon building a large Headquarters facility here in Crystal City Virginia, I am getting asked questions regarding home prices in the area.  One thing of interest, is that Crystal City is a predominantly commercial area with a few residential options here and there.  So most newcomers to the area and future Amazon employees may need to consider some nearby communities for their homes.  Pricing in Crystal City proper will range depending upon the size of the unit.  At time of this blog post, there are 3 condominiums available in the Waterford House building.  Pricing ranges from $450,000 for a 1 bedroom 1 bathroom with 935 square feet and a $727 per month condo fee to $1,650,000 for a 3 bedroom 3 bathroom 2817 square foot condo with a $2400 per

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