Reston Town Center housing Report 2013: Carlton House

Reston Town Center Report: The Carlton House

Summary – The Carlton House is located at 11800 Sunset Hills, the closest condominium to the new Metro Silver Line and the furthest from the heart of the Reston Town Center (three block walk). Completed in 2005, the Carlton House has the widest range of housing in the RTC, with efficiencies, 1-, 2-, and 3- bed rooms. The top floor, the 13th,r is perhaps the most impressive of the buildings in the Reston Town Center, with a swimming pool and circular views outside floor-to-ceiling windows. Conference rooms, an incredible bar area, billiard room, and outdoor grilling on a huge terrace are highlights of this area.

On the first floor is an open waiting area, work out room, snack bar, business center, and movie theater for the use of residents. Underground parking is secure and reserved. Concierge service greets you at the front entry.

Summary of sales in 2013 – 2013 was a year with few listings and limited sales in most places. The Carlton House is a notable exception.. Rising prices encouraged the following 20 sales:

Unit No.        Sale Date         No. BR/Bath            Sale Price          Sq. Ft.       Price/Sq.Ft.

306              Jan 2013                  2/2                       $450,000            1.177              $382

708              Mar 2013                 2/2                       $415,000            1,081              $384

221              Apr 2013                 2/2                       $450,000             1,177              $382

206              Apr 2013                 2/2                       $466,000             1,177              $396

1120             May 2013                3/2                       $622,000             1,519              $409

1027             May 2013                0/1                       $239,000               666               $359

226              June 2013                2/2                       $415,000             1,081              $384

711              June 2013                2/2                       $449,000             1,161              $387

108              June 2013                2/2                       $428,500             1,081              $396

520              June 2013                2/2                       $440,000             1,081              $407

207               Jul 2013                   2/2                       $425,000             1,177              $361

218               Jul 2013                   1/1                       $335,000               759                $441

126               Aug 2013                 1/1                       $310,000               759               $409

524               Aug 2013                 1/1                       $350,000               833               $420

1125              Aug 2013                 1/1                      $335,000               759               $441

218                Jul 2013                   1/1                      $335,000               759               $441

206                Sep 2013                 2/2                      $460,000             1,177              $391

612                Oct 2013                  1/1                      $364,000               851               $428

605               Nov 2013                  2/1                      $384,700               933               $412

726               Nov 2013                  2/2                      $456,000             1,161              $393

Future of The Carlton House – Shortly after the Carlton House opened, the overall market hit the skids. With many short sales and foreclosures, management made the wise decision to not restrict investor-buyers from purchasing by putting restrictions on the percentage of units which can be rented out. The Carlton House was saved by an influx of cash buyers and some bargain seeking owners. This has led to tremendous price appreciation over the last few years. The immediate future of pricing in the Carlton may depend largely on the ability to attract more resident-buyers.

Ray Wedell, Realtor
RE/MAX Gateway
Chartered Financial Analyst, CFA
703-855-7299
http://www.TownCenterRealtor.com
raywedell@comcast.net

Image

Advertisements

About RayWedellRealEstate

Real estate professional with Samson Properties. Chartered Financial Analyst, CFA
This entry was posted in Carlton House Home Sales 2013, Reston Town Center Condo Sales, Reston Town Center luxury condos and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s