Reston Town Center Real Estate Sales 2013: Oak Park

Summary –  Oak Park was built in 1993, well before the full development of Reston Town Center and the construction of large scale residential condominium homes in the RTC.  It sometimes gets lost in the discussion of housing alternatives in the Town Center; however, this should not be the case. There are 180 garden style condominiums at Oak Park, in clusters of three stories. There are no elevators to the second and third floor homes. Building addresses are all on Taliesin Place.

Oak Park is a clean, affordable housing alternative to people seeking to live at the Reston Town Center.  Amenities include a swimming pool, whirlpool, fitness room, community center clubhouse, and car wash area.

Summary of sales in 2013 – There were a general shortage of listings for sales in the Reston Town Center area in 2013. Oak Park was not an exception. Only 8 condos sold in 2013, and they are summarized below:

Unit Type    No. Sold          Avg. Sale Price        Avg. Sq. Ft.      Avg Price/Sq.Ft.

one BR                  2                         $257,000                      854                      $301

two BR                  6                         $331,000                     1,022                    $324

 

Future of Oak Park –  The community is clean, the location is exceptional. There will always be a solid bid for condos in Oak Park, especially among entry level buyers.  This is an underappreciated community in the overall picture.

 Ray Wedell, Realtor

Samson Properties

Chartered Financial Analyst, CFA

703-855-7299

www.TownCenterRealtor.comImage

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About RayWedellRealEstate

Real estate professional with Samson Properties. Chartered Financial Analyst, CFA
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