News and notes from Reston (tm).

Monday, December 3, 2007

Reston Real Estate: The High-Low Game, pt. 3

Who says the housing market is moribund? Both of the Southgate Square charmers from our past High-Low challenges are currently under contract, making this townhouse on Captiva Court the cheapest non-condo in Reston, at $209,900. Of course, here's a sign of the times:

BANK OWNED* Property needs some TLC. With a little work this property could really shine.Bring all offers! Special addendum required.
Anyone know what that "special addendum" might entail?

Or, for the low, low price of $2.3 million--more than any single-family McMansion currently on the market--you could live in this awesome loft above Reston Town Center. That'll require a $8,723 a month mortgage, which means you probably won't have much money left to live that edgy, Sex In the City urban lifestyle by eating al fresco at Pizzeria Uno with your equally edgy, ironic friends every night.

On the bright side, no special addendum required here.

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