East Falls Church
East Falls Church at a Glance
Looking for a Realtor in East Falls Church? Once dominated by dairy farms, East Falls Church is home to many single-family homes that were built in the 1930s’-1950s’. Close to the city of Falls Church, East Falls Church feels urban yet offers many of the comforts of a small town in a metropolitan setting. Nearby I-66 runs through the town and the East Falls Church Metro station is reachable on foot, however, most retail in East Falls Church is not reachable on foot. Before the Metro stop opened in 1986, East Falls Church was part of the town of Falls Church, now the city of Falls Church. East Falls Church rejoined Arlington County in 1936. The George Crossman House, built in 1892, is a historical landmark registered on the National Register of Historic Places.
Whether you're interested in buying or selling a property, this guide has all of your essential tips on what to look out for and how best finance an East Falls Church purchase. Get ready to learn more about what makes this area so special.
East Falls Church population 6,796
Median age, 37
Median household income, $157,372
Median home value $663,309
There are great schools in East Falls Church. Tuckahoe Elementary, Williamsburg Middle School, Swanson Middle School, and Yorktown High School.
The area is served by the East Falls Church metro stop on Metrorail’s Orange and Silver lines, as well as several Metrobus and Arlington County Transit bus lines.
Array of housing options including single family homes, townhomes, and condominiums.
Seeing the Sights
The Falls Church, for which the city was named, was founded in 1732. The congregation’s first church building was erected in 1733 near a road leading to the falls of the Potomac River – giving rise to the name that was adopted by the town. The present church building was completed in 1769 and served as a recruiting station during the Revolution, and during the Civil War, as a Federal hospital, and later as a stable. The building, which serves as an Episcopal Church, has been restored to its 18th century appearance and is open to visitors.
A quiet respite can be found at National Memorial Park, a vast cemetery known for its gardens and sculpture fountains, including the Fountain of Faith, created by Swedish sculptor Carl Milles.
Visitors and residents of Falls Church are also close to the many attractions of Northern Virginia and the District of Columbia. The city also boasts a number of distinct and unique neighborhoods with their own shops and restaurants that celebrate the cultural and ethnic diversity of Falls Church.
Links of Interest
City of Historic Falls Church
300 Park Avenue
Falls Church, VA 22046
Greater Falls Church Chamber of Commerce
417 W. Broad St.
Falls Church, VA 22040
The Falls Church
115 E Fairfax St.
Falls Church, VA 22046
National Memorial Park
7400 Lee Highway
Falls Church, VA
Uncovering the Real Estate Market in East Falls Church, VA
East Falls Church is a vibrant and diverse community located in Northern Virginia, just outside of Washington D.C. The area offers easy access to the city, as well as many amenities and attractions that make it an attractive place to live.
Location and Neighborhoods:
East Falls Church is situated between two major highways – I-66 and Route 50 – making it convenient for commuters who work in the city or elsewhere in Northern Virginia. The area includes several popular surrounding neighborhoods such as Westover Village, Cherrydale, Ballston-Virginia Square, Lee Heights, Bluemont Park and more. Each neighborhood has its own unique character with a variety of housing options ranging from single family homes to townhomes and condos.
Average Home Prices
Home prices in East Falls Church vary depending on location but generally range from $500K-$1M+. Single family homes tend to be priced higher than townhomes or condos due to their larger size and additional features like garages or outdoor spaces. However, there are still affordable options available for those looking for something more budget friendly.
The real estate market in East Falls Church has been steadily increasing over the past few years due to its proximity to Washington D.C., excellent schools, high quality of life offerings, and local amenities/attractions. This trend is expected to continue into 2023 with home values continuing their upward trajectory despite some recent economic uncertainty caused by COVID-19 pandemic related shutdowns and restrictions.
East Falls Church offers a unique blend of convenience, affordability, and quality of life that makes it an attractive real estate option for many. With its close proximity to Washington D.C., local amenities and attractions, and average home prices that are lower than the national median, East Falls Church is a great place to call home. Let's now explore the benefits of living in this vibrant community.
Benefits of Living in East Falls Church
Living in East Falls Church, Virginia offers a variety of benefits to its residents. Located just outside Washington D.C., the area provides easy access to all that the nation’s capital has to offer while still maintaining a small-town feel. From excellent schools and local amenities to quality of life, there are many reasons why this is an ideal place for families and individuals alike.
Proximity to Washington D.C.:
East Falls Church is conveniently located near downtown Washington D.C., making it easy for residents to take advantage of all that the city has to offer without having to live directly within it. Whether you’re looking for cultural attractions or career opportunities, living in East Falls Church puts you right at the doorstep of one of America’s most vibrant cities with plenty of options available close by.
East Falls Church also offers its own unique set of attractions and amenities such as parks, trails, shopping centers, restaurants and more for those who prefer entertainment closer to home than what can be found in downtown DC. There are several public libraries nearby where locals can check out books or attend events throughout the year, as well as community centers offering recreational activities like swimming pools and fitness classes onsite.
The quality of life offered by living in East Falls Church is second-to-none, largely due to its safe neighborhoods which have been consistently ranked among some of Virginia's best places for raising children according to their school district ratings from GreatSchools®. Additionally, crime rates here remain low compared with other areas across Northern Virginia, so parents don't need to worry about sending their kids off alone when they go out exploring around town.
Living in East Falls Church offers a wide variety of benefits from its close proximity to Washington D.C., local amenities and attractions, to the overall quality of life that it provides; making it an ideal place for those looking for a great home. With this in mind, let's take a look at the types of homes available in East Falls Church.
Types of Homes Available in East Falls Church
Single-family homes are the most common type of housing in East Falls Church. These detached homes typically have two to four bedrooms and one or two bathrooms, with a variety of styles ranging from traditional colonial to modern contemporary. Many single-family homes also come with private yards and driveways for parking.
Townhomes and Condos:
Townhomes and condos offer an alternative to single-family living in East Falls Church. These attached dwellings often feature multiple stories, open floor plans, and amenities such as swimming pools or fitness centers that may not be available in a typical single family home. Townhomes are generally more affordable than their single family counterparts, while condos tend to be slightly more expensive but provide additional features like onsite security or concierge services.
Multi-family homes consist of several units under one roof, usually with shared common areas such as hallways or courtyards between them. These properties can range from duplexes (two units) all the way up to large apartment complexes containing dozens of individual apartments within one building structure. Multi-family homes are popular among investors looking for rental income opportunities due to their ability to generate revenue from multiple tenants at once.
From single-family homes to townhomes and condos, East Falls Church has a variety of real estate options available. To ensure you get the best deal when buying or selling in this area, it is important to understand local market conditions and work with an experienced realtor.
Tips for Buying or Selling a Home in East Falls Church
When it comes to buying or selling a home in East Falls Church, Virginia, working with an experienced realtor is key. A good real estate agent will have knowledge of the local market and can help you find the right property for your needs. They can also provide valuable advice on negotiating the best price for your new home. It’s important to do some research before selecting a realtor so that you know they are knowledgeable about the area and have experience dealing with similar properties.
Understanding local market conditions is essential when buying or selling a home in East Falls Church. You should familiarize yourself with average prices for homes in the area as well as recent trends such as inventory levels and days on market. This information can be found online through various websites or by speaking directly to a local real estate agent who specializes in East Falls Church properties.
When it comes to negotiating the best price when buying or selling a home, skill and patience are essential. When making an offer on a property, consider factors such as location, condition of the house, amenities offered, taxes due etc., before deciding how much to offer. If you're selling your home it's important to understand what buyers are looking for and be willing to negotiate within reason while still getting top dollar for your property.
By understanding the local market conditions, negotiating the best price and working with an experienced realtor, you can confidently buy or sell a home in East Falls Church. Now let's look at financing options for your East Falls Church real estate purchase.
Financing Options for East Falls Church Real Estate Purchases
When it comes to purchasing real estate in East Falls Church, Virginia, there are several financing options available. Conventional mortgages are the most common type of loan used for home purchases and typically require a minimum down payment of 20%. They offer fixed or adjustable interest rates and can be tailored to fit your individual needs. FHA loans are government-backed loans that allow buyers with lower credit scores or limited funds for a down payment to qualify for a mortgage. These loans have more flexible requirements than conventional mortgages but come with higher fees and interest rates. VA loans are another option specifically designed for veterans and active duty military personnel who want to purchase a home in East Falls Church. These government-backed loans provide low interest rates, no down payments, and no private mortgage insurance requirement.
Conventional mortgages offer borrowers the ability to customize their loan terms according to their financial situation and goals. Borrowers must meet certain criteria such as having good credit history, sufficient income, and an acceptable debt-to-income ratio in order to qualify for these types of mortgages. The minimum required down payment is usually around 20%, although this amount may vary depending on the lender's policies. Interest rates can be either fixed or adjustable over time based on market conditions at the time of application approval; however they tend to remain relatively stable throughout the life of the loan term due to its long repayment period (usually 15 - 30 years).
FHA loans are backed by the Federal Housing Administration, which allows lenders to be more flexible when approving borrowers who may not otherwise qualify under traditional lending guidelines due to less than perfect credit histories or insufficient funds saved up for a large down payment. With an FHA loan, you can put as little as 3% down towards your purchase price while still being able to secure competitively low interest rates compared to other forms of financing. Furthermore, these types of mortgages also come without any private mortgage insurance requirements making them an attractive choice for those looking to save money on their monthly payments.
VA loans were created specifically to help veterans and service members buy homes affordably through special benefits offered only to those eligible individuals. Unlike conventional and FHA loans, VA loans do not require any kind of down payment whatsoever nor do they charge additional fees like PMI, which makes them an ideal solution if you’re looking to minimize upfront costs associated with purchasing property. In addition, VA loans also feature some of the lowest interest rates available today, allowing qualified applicants to take advantage of significant savings over the life span of the entire loan term.
When it comes to financing real estate purchases in East Falls Church, Virginia, there are several options available. Conventional mortgages are the most common type of loan used for purchasing a home and typically require a down payment of at least 5%. These loans can be obtained from banks or other financial institutions and offer competitive interest rates.
FHA loans are another option that may be more attractive to first-time homebuyers due to their lower down payment requirements (as low as 3.5%) and relaxed credit score standards. However, FHA loans come with additional fees such as mortgage insurance premiums which can add up over time.
VA loans are an attractive option for veterans or active duty military personnel who want to purchase a home in East Falls Church, Virginia. These loans provide benefits such as no down payment requirement and no private mortgage insurance premiums required, making them an ideal choice for those looking to buy a house without having large amounts of cash upfront. Additionally, VA loan limits tend to be higher than conventional mortgages, allowing borrowers access to larger homes if desired.
FAQs in Relation to About East Falls Church Real Estate
What is the average home price in East Falls Church?
The average home price in East Falls Church, Virginia is $720,400. This number reflects the median sale price of all homes sold in the area over the past year. The market has been steadily increasing for some time now and prices have risen significantly since 2017 when the median was around $660,000. With its close proximity to Washington D.C., Arlington, and other major cities in Northern Virginia, East Falls Church remains a desirable place to live with plenty of amenities nearby.
What types of homes are available in East Falls Church?
East Falls Church offers a variety of homes for sale, ranging from single-family homes to condos and townhomes. Single-family homes in the area typically range from two to four bedrooms with one or two bathrooms. Condos and townhomes offer more modern amenities such as updated kitchens, open floor plans, and larger living spaces. Many of these properties are located near parks, shopping centers, restaurants, schools, and other local attractions. Whether you’re looking for a starter home or an investment property in East Falls Church – there is something for everyone.
Are there any real estate investment opportunities in East Falls Church?
Yes, there are real estate investment opportunities in East Falls Church. The area is a great option for investors due to its proximity to Washington D.C., access to public transportation, and desirable schools. It also offers a variety of housing options from single-family homes to condos and townhomes. With the right research and guidance, investors can find properties that offer strong potential returns on their investments. Additionally, with low interest rates and an increasing population of young professionals moving into the area, now is a great time for investing in East Falls Church real estate.
How competitive is the housing market in East Falls Church?
The housing market in East Falls Church is highly competitive. Prices are rising and demand is high, making it difficult for buyers to find the perfect home. With limited inventory and a large number of interested buyers, bidding wars have become common place. Sellers can expect to receive multiple offers on their property, often above asking price. It's important for buyers to be prepared with financing and make sure they're working with an experienced realtor who knows the area well in order to get the best deal possible.
What amenities and attractions can be found near East Falls Church real estate?
East Falls Church real estate is surrounded by a plethora of amenities and attractions. From outdoor recreation to shopping, dining, and entertainment options, there's something for everyone in the area. For those looking to explore nature, the nearby Potomac River provides plenty of opportunities for kayaking or fishing while Theodore Roosevelt Island offers trails perfect for biking or hiking. The local mall has all your favorite stores plus delicious restaurants and cafes to enjoy. And don't forget about the nightlife – bars and clubs are plentiful throughout East Falls Church. With so much to do, it's no wonder why East Falls Church real estate is in such high demand.
With its close proximity to the city of Falls Church, it offers an urban feel with many of the comforts of a small town. Whether you are looking for a single-family home, condo, or investment property, there are plenty of options available in East Falls Church. It's important to do your research and understand all financing options before making any decisions about east falls church real estate purchases. Working with an experienced Realtor can help make sure that you get the best deal possible on your next purchase or sale.
Are you looking to buy, sell or invest in East Falls Church real estate? Look no further than Winkelmann Properties! Our website provides the essential advice and tips needed for successful Arlington area real estate transactions. With our local expertise and resources, we can help make your dreams of owning a home come true. Don't wait any longer - contact us today to get started on your journey towards homeownership!