About the Neighborhood
Waverly Hills (often misspelled as Waverley Hills) in North Arlington consists mostly of single-family homes that are primarily in the Cape Cod and Colonial styles, and one story bungalows. Bounded by Glebe Road , I-66, Lee Highway, and Utah Street, it is very close to Ballston metro and major commuting routes like I-66, Rt 29, and Washington Blvd.
The oldest and most significant building in Waverly Hills is the Glebe House, originally built in 1770. The Glebe House was established as a 500 acre farm and provided for the rector of Fairfax Parish, which included both Christ Church, Alexandria and the Falls Church. Built in 1775, it burned in 1808 and was rebuilt in 1820 as a hunting lodge. Subdivision of the Glebe lands began in 1846. The octagon wing was added about 1850.
Nearby neighborhoods include Willet Heights (often misspelled as Willett Heights), Waycroft, Woodlawn, and Ballston. Woodlawn Park is located nearby, and a stream runs through the park.
The neighborhood has a very active Civic Association. View the Waverly Hills conservation plan.
Neighborhood History
From the Arlington County website:
Throughout most of the 17th century all of Northern Virginia remained Indian territory until the restoration of King Charles II to the English throne in 1660. The majority of Waverly Hills was included in a land grant to James Brechin, rector of St. Peter's Parish in New Kent County in 1716. Brechin never lived on his Arlington holding and upon his death in 1721, Daniel Jennings, the surveyor of Fairfax County (in which Arlington was then included), purchased the land. A small portion in the northwest corner of the Waverly Hills area, was part of a grant in 1731 to James Robertson, a large landholder in what is present-day Arlington. The lower part (the area south of 19th Street) grew in the period between World Wars I and II, while the area north of 19th Street was developed in the years immediately after World War II.
Waverly Hills was named a "Great Place to Live" by Washingtonian Magazine.
Homes for Sale
As of November 7, 2009, there is just 1 home on the market in Waverly Hills, a colonial priced at $975,000. In the past year, 10 homes sold with list prices ranging from $589,000 to $1.875 million (average sold price $881,560). Average days on market was 81. (Source: MRIS as of 11/7/09)
Looking to buy a home in Waverly Hills? I live nearby and keep a close watch on the listings in the neighborhood - contact me!
See Homes for Sale in Waverly Hills.
Are you getting ready to sell your Waverly Hills home? As an Arlington resident, I can help you best highlight all the positives of living here!
Not all agents are alike -- ask me about the services that I provide my sellers including professional photography, staging, and custom websites--after all, most buyers start their home search on the web and DEMAND high quality photos. For a free pricing analysis and comprehensive marketing plan, contact me or visit my Sellers Resource Center.
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Other Arlington Neighborhoods:
I happened to stop by a client’s new house today–a fantastic renovation of a rowhome in Petworth–and whom should I see walking down the street but Mayor Fenty himself! He was checking out the neighborhood, shaking hands, etc.–no doubt checking up on all the recent development in the area! He was very interested in the recent sales in the neighborhood, which obviously has been undergoing a lot of changes lately, so we chatted for a few minutes.
Are you one of the estimated 53% of buyers in 2009 who will be buying for the first time?
Then register for a free first time home buyer seminar at Arlington Central Library to be held Wednesday, September 16 at 7:15 pm.
As with our other classes, there is absolutely no cost or obligation to attend this one hour educational session where we will recap the current market conditions, discuss the future outlook, and provide an overview of the home purchase process.
We'll also discuss the impact of the banking system collapse and bailout, the home purchase process and common pitfalls, financing basics and a how to get started checklist.
Details and registration information can be found here.
Contact Katie to start your home search
I got to wondering today whether more short sales are closing and thought I would share some interesting data I found. All data is per MRIS as of today.
Number of active listings designated "potential" short sales in NoVA* = 607 (# in Arlington = 57)
Number of short sales that have closed in NoVA in past 30 days = 199 (# in Arlington = 7)
Close Price to Last List Price Ratio for Short Sales that Closed = $302,258/$306,505 = 98.6%
Average Days on Market (Property) of Short Sales that Closed = 83 (Highest was 631 days). Note this represents the number of days until they got an offer, NOT the number of days that it took for the bank to approve the transaction.
A quick look at the listings that closed in the past 30 days showed "contract dates" of as far back as November 2008, but most seemed to have been put under contract in the March-April-May 2009 timeframe, meaning about 3 month waiting period for bank approval and settlement. As a point of comparison, "regular" contracts tend to settle about 30-45 days after the contract date.
I have to say that I was surprised that so many short sales closed in the past 30 days. I went back for a few months to spot check and the average seems to be roughly 200-250 closing each month going back to this Spring. This data leads me to believe that not only are banks approving more and more short sales, but they've gotten more efficient at that approval process.
Buyers, short sales are certainly not without their own risks, delays, and headaches, but maybe it's time to put them back on your shopping list. To start your home search, visit my website or contact us.
* NoVA = Arlington, Alexandria, Fairfax, Fairfax City, Falls Church City
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