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About McLean's Idylwood Towers

Idylwood Towers Sales Statistics 2008

Are Andresen - Northern Virginia Real Estate: Real Estate Agent in Falls Church, VA

idylwood towers exterior pictureIdylwood Towers is located on Pimmit Drive in Falls Church, half a mile off Leesburg Pike (Rt 7) and a few minutes down the road from Tysons Corner. In 2008, 18 total units were sold. 10 units sold were one bedroom units and 8 units sold were two bedrooms units. The price range of solds start at $146,000 for a Junior 1 bedroom and end at a 2 bedroom unit sold for $255,000.

Idylwood Towers consists of two apartment buildings with about 14 floors each. The building has concrete between the floors, and units are large compared to current building standards. Units are allowed to have their own washer and dryer. Amenities include things like landscaped grounds, tennis courts, exercise rooms, party rooms, extra storage units and a swimming pool. Parking is by permit and is located outside. Extra storage space is also available in the basement for the individual units. Both buildings have controlled access entry with a 24 hour receptionist and security guards.

Like most places in the area, the prices have kept dropping steadily over the last few years. The community still offers a great value for the size of the units and the convenient location.

At Idylwood Towers, 1 bedroom units currently rent in the $1,300-$1,500 range and 2 bedroom units rent in the $1,600-$1,800 range.

Idylwood Towers 2008 Statistics

For more detailed information on each sale, please click on Sales Details 2008 for Idylwood Towers or send me an email at are@tysonsliving.com.

As you can see from the GRM graph - now is a great time to purchase investment real estate. With falling prices, stable/increasing rents and low interest rates the time is better now than in many years.

Are Andresen, Broker
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