Looking to buy SFH in Fairfax. Is it a good investment

[Anonymous]

Anonymous wrote:I believe that anything near the tysons silver line will increase greatly in value in comparison to anything else due to the new development. I would look here

http://www.redfin.com/homes-for-sale#!market=dc&max_price=600000&min_price=200000®ion_id=135930®ion_type=7&uipt=1&v=8

Thank for the info. I just looked at the map. It looks like Pimmit Hills has several homes available. Is that a new area? Anyone else in here owns or recently bought something there?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I believe that anything near the tysons silver line will increase greatly in value in comparison to anything else due to the new development. I would look here

http://www.redfin.com/homes-for-sale#!market=dc&max_price=600000&min_price=200000®ion_id=135930®ion_type=7&uipt=1&v=8

Thank for the info. I just looked at the map. It looks like Pimmit Hills has several homes available. Is that a new area? Anyone else in here owns or recently bought something there?

Ah-ha! Finally, the punchline!

[Anonymous]

Wow, I pulled a listing in Pimmit Hills and all assigned schools in that particular area are rated 9/10. I did notice that the houses are small and older. But looks promsing since you said the area is getting new development and schools are great too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I believe that anything near the tysons silver line will increase greatly in value in comparison to anything else due to the new development. I would look here

http://www.redfin.com/homes-for-sale#!market=dc&max_price=600000&min_price=200000®ion_id=135930®ion_type=7&uipt=1&v=8

Thank for the info. I just looked at the map. It looks like Pimmit Hills has several homes available. Is that a new area? Anyone else in here owns or recently bought something there?

The map I provided includes pimmit hills and surrounding areas that are new the new silverline and tysons. The school district is highly rated but was not rated highly until the last 10 years so it is playing catch up with the immediate area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I believe that anything near the tysons silver line will increase greatly in value in comparison to anything else due to the new development. I would look here

http://www.redfin.com/homes-for-sale#!market=dc&max_price=600000&min_price=200000®ion_id=135930®ion_type=7&uipt=1&v=8

Thank for the info. I just looked at the map. It looks like Pimmit Hills has several homes available. Is that a new area? Anyone else in here owns or recently bought something there?

Pimmit hills is a collection of very small 50s rambler homes without basements. It was considered a rough area in the 70s-80s but is now considered safe and more desirable. Due to it's delay the neighborhood has a lot of old run down homes that are rented out and will either be sold as teardowns or land investment properties. There are also some updated with additions. There are also quite a few new construction homes (built post 2000). The pimmit dr entry (west) side is not as visually appealing but the north and east side (olney) have newer original brick homes (meaning lates 50s and 60s) that are more visually appealing.

http://www.pimmithills.org/pimmit-hills-history

[Anonymous]

Fairfax is 407 square miles. There are so many different markets in Fairfax there is no way of determining if a certain property is good or bad.

[Anonymous]

Anonymous wrote:Fairfax is 407 square miles. There are so many different markets in Fairfax there is no way of determining if a certain property is good or bad.

I disagree. If you live in a particular neighborhood, you have firsthand knowledge about the surrounding areas. I'm looking for the insider info!

[Anonymous]

If I were only planning to be in the area 2-5 years, and wasn't already familiar with it, I would just rent.

[Anonymous]

Anonymous wrote:If I were only planning to be in the area 2-5 years, and wasn't already familiar with it, I would just rent.

+1. Rent a place in/around Reston, or in Fairfax if the thought of South Lakes HS makes you scared.

[Anonymous]

Let's see now...
Rent for 2 years @ $3000/month = $72000
Rent for 5 years @ $3000/month = $180,000

I'm sorry but I would rather buy a house, build equity and then sell it.

[Anonymous]

Anonymous wrote:Wow, I pulled a listing in Pimmit Hills and all assigned schools in that particular area are rated 9/10. I did notice that the houses are small and older. But looks promsing since you said the area is getting new development and schools are great too.

LOLOLOLOLOL

Nice set up, PH booster. I'll give you that.

Pimmit Hills is still the armpit of NOVA though.

[Anonymous]

Residential real estate is not an investment, IMO, it's a residence. Choose it on that basis and if it also turns out to be a good investment, that's gravy.

You want to buy a good value, but it's not something you can or should count on providing a certain rate of return.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I believe that anything near the tysons silver line will increase greatly in value in comparison to anything else due to the new development. I would look here

http://www.redfin.com/homes-for-sale#!market=dc&max_price=600000&min_price=200000®ion_id=135930®ion_type=7&uipt=1&v=8

Not really. No one wants to live near Tysons.

In Tysons? Not too many people yet. But the areas near Tysons in Vienna, Falls Church and McLean are among the hottest areas in the entire region.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow, I pulled a listing in Pimmit Hills and all assigned schools in that particular area are rated 9/10. I did notice that the houses are small and older. But looks promsing since you said the area is getting new development and schools are great too.

LOLOLOLOLOL

Nice set up, PH booster. I'll give you that.

Pimmit Hills is still the armpit of NOVA though.

LOL must be a new booster

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wow, I pulled a listing in Pimmit Hills and all assigned schools in that particular area are rated 9/10. I did notice that the houses are small and older. But looks promsing since you said the area is getting new development and schools are great too.

LOLOLOLOLOL

Nice set up, PH booster. I'll give you that.

Pimmit Hills is still the armpit of NOVA though.

LOL must be a new booster

Because booster is gone or is a legit post