News and notes from Reston (tm).

Friday, February 15, 2008

Reston Real Estate: The High-Low Game, pt. 5

We start this edition of everyone's favorite soft market game of wheelin' and dealin' not with the usual McMansion or condo, but a restaurant in Lake Anne Plaza.

Hidden Gem located with a view of Lake Ann in Reston. Where else can you get a high quality property for under $400 a square foot? Present owner relocated and pursuing other interest. TOP Opportunity for a restaurant owner currently leasing. Make a quick offer to own tax benefits and get a jump start on Spring inundation of outdoor customers with many seats with a view of the lake.
You might want to get an exterminator to check out that inundation. It doesn't mention which restaurant is on the block, but the address suggests it's the building housing Il Cigno Tavern on the Lake. The asking price of $1.7 million will buy a lot of tapas!

Too rich for your blood? Just $149,000 will get you this charming three-bedroom walk-up in Freetown Court.
SHORT SALE, 3RD PARTY APROVAL... BEAUTIFUL CONDO, 3 BEDROOMS, 1 FULLBATH, GREAT LOCATION, BREAKFAST ROOM, LOCATED ON 2ND FLOOR, W/ BALCONY AND MUCH MORE...
Awesome! With a mortgage of just $705, you can use all the money you're saving on rent to buy a dictionary and a new keyboard with a SHIFT key!

Meanwhile, bargain hunters take note: One of our previous winners, the swank Town Center condo, is back on the market for the low, low price of $1.995 million, a savings of more than $300,000. Dinner at Uno's is on us!

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