Below is a list of properties sold through the First-Time Homebuyers
Program (FTHB). To access the original FTHB listing,
click on the property address.
Appraisers should read the following information regarding the pricing
of First-Time Homebuyers Program properties.
The restricted repurchase price of units in the First-Time
Homebuyers Program is based on the original price paid by the homeowner
and the Consumer Price Index adjustment calculated in accord with
the Covenants running with the property and recorded in the
land records of Fairfax County. If the unit is an Affordable
Dwelling Unit, the price is established through Covenants running with
the land and recorded on the property and also through the Fairfax County
Zoning Ordinance. A price controlled property in any of the County's
First-Time Homebuyer programs is not of comparable value to a
similar market rate unit, as is evidenced by the property being
assessed and taxed at a lower rate. Note too that comparable
properties may be priced differently simply because the owner has held
the property longer, as the resale price is based partially on annual
increases in the CPI. Typical market rate appreciation/depreciation
does not factor in to the pricing of these units, which as stated is well
below that of a similar unit not subject to price
controls. Properties in our program that have sold will be in
the DTA records (although there is a lag time in the information being
added to that database). You may also refer to the properties
listed below that have been marketed and determine if any of these
are comparable to the unit you need to appraise. You will also
need to check DTA records and/or other resources to determine which
units are comparable to that for which the appraisal is
being conducted.
For your information, following are websites that will provide
additional information regarding establishing the value of a price
controlled property and should prove helpful:
2. Enter the address of the
First Time Homebuyer’s Unit
3. A web page will appear
listing information about the property at the address
4. Once the website shows the
profile page for a particular property, under "site description"
the following text would appear for a First Time Homebuyer’s
unit:
"This
property is subject to restrictive covenants related to financing,
refinancing, or transfer of the property."
5. On the right side of the
screen, an icon appears entitled Neighborhood Sales.
6. To compare the First Time
Homebuyers Property with other properties in the neighborhood, click on
the Neighborhood Sales icon.
7. A list of units that are
considered "comparable" to the property at the address entered
will appear. The list will provide the price paid for the units when they
were last sold, and the list will indicate whether or not the purchase
was at market rate.
ROCK HILL
2032 Capstone Circle
Herndon, VA 20170
|
$136,138
|
May 17, 2013
|
SAINTSBURY PLAZA
2901 Saintsbury Plaza #303
Fairfax, VA 22031
|
$115,326
|
May 9, 2013
|
LEGATO CORNER
12144 Garden Grove Circle #103
Fairfax, VA 22030
|
$97,862
|
April 30, 2013
|
WOODLAND
GLEN
5530 Bent Maple Lane
Centreville, VA 20120
|
$140,578
|
April 24, 2013
|
LEGATO CORNER
4405 Weatherington Lane #203
Fairfax, VA 22030
|
$98,679
|
April 16, 2013
|
TOWNES
of MANCHESTER WOODS
7322 Fountain Spring Court
Springfield, VA 22150
|
$156,618
|
April 12, 2013
|
The
TOWNES at METROWEST
3080 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
March 28, 2013
|
The
TOWNES at METROWEST
3070 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
March 28, 2013
|
The
TOWNES at METROWEST
3068 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
March 28, 2013
|
The
TOWNES at METROWEST
3076 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
March 27, 2013
|
The
TOWNES at METROWEST
3064 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
March 15, 2013
|
The
TOWNES at METROWEST
3082 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
March 13, 2013
|
CIRCLE WOODS
9479 Linden Leaf Court
Fairfax, VA 22031
|
$120,973
|
February 19, 2013
|
MCLEAN
HILLS
7829 Enola Street #TA3
McLean, VA 22102
|
$142,973
|
February 15, 2013
|
The
TOWNES at METROWEST
3058 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
January 28, 2013
|
NEWINGTON FOREST
8436 Sugar Creek Lane
Springfield, VA 22153
|
$151,450
|
January 25, 2013
|
LEE OVERLOOK
14824 Bolton Road
Centreville, VA 20121
|
$169,417
|
January 22, 2013
|
WILLOW
PONDS
5111 Winter Willow Circle
Fairfax, VA 22030
|
$141,998
|
January 10, 2013
|
The
TOWNES at METROWEST
3058 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
January 9, 2013
|
The
TOWNES at METROWEST
3052 Waterloo Lane
Fairfax, VA 22031
|
$143,255
|
December 27, 2012
|
LEGATO CORNER
12124 Garden Ridge Lane #102
Fairfax, VA 22030
|
$102,597
|
December12, 2012
|
SYCAMORES
at VAN DORN
5914 Terrapin Place #102
Alexandria, VA 22310
|
$93,368
|
November 30, 2012
|
FAIRLAKES
CROSSING
4652 Kearns Court
Centreville, VA 20120
|
$169,829
|
November 26, 2012
|
The
TOWNES at METROWEST
9438 Canonbury Square
Fairfax, VA 22031
|
$143,255
|
November 16, 2012
|
The
TOWNES at METROWEST
9432 Canonbury Square
Fairfax, VA 22031
|
$143,255
|
November 1, 2012
|
The
TOWNES at METROWEST
9434 Canonbury Square
Fairfax, VA 22031
|
$143,255
|
October 31, 2012
|
The
TOWNES at METROWEST
9458 Canonbury Square
Fairfax, VA 22031
|
$143,255
|
October 29, 2012
|
The
TOWNES at METROWEST
9454 Canonbury Square
Fairfax, VA 22031
|
$143,255
|
October 19, 2012
|
MIDDLETON FARMS
2892 Horsepen Woods Court
Oak Hill, VA 20171
|
$171,705
|
October 5, 2012
|
The
TOWNES at METROWEST
9444 Canonbury Square
Fairfax, VA 22031
|
$143.255
|
September 27, 2012
|
The
TOWNES at METROWEST
9476 Canonbury Square
Fairfax, VA 22031
|
$143.255
|
September 26, 2012
|
The
TOWNES at METROWEST
9476 Canonbury Square
Fairfax, VA 22031
|
$143.255
|
September 26, 2012
|
The
TOWNES at METROWEST
9466 Canonbury Square
Fairfax, VA 22031
|
$142,862
|
September 20, 2012
|
The
TOWNES at METROWEST
9476 Canonbury Square
Fairfax, VA 22031
|
$142,862
|
September 11, 2012
|
WASHINGTON
SQUARE
8907 Waldren Way
Lorton, VA 22079
|
$154,257
|
September 7, 2012
|
INLET COVE
7004 Horn Point Court
Fort Belvoir, VA 22060
|
$161,461
|
August 24, 2012
|
The
TOWNES at METROWEST
9519 Canonbury Square
Fairfax, VA 22031
|
$142,862
|
July 18, 2012
|
BRYSON
at WOODLAND PARK
12909 Centre Park Circle #205
Herndon, VA 20171
|
$91,377
|
June 25, 2012
|
The
TOWNES at METROWEST
9472 Canonbury Square
Fairfax, VA 22031
|
$142,862
|
June 22, 2012
|
The
TOWNES at METROWEST
9468 Canonbury Square
Fairfax, VA 22031
|
$142,862
|
June 22, 2012
|
KENSINGTON MANOR
3 BR 1.5 BA Townhouse
3853 Billberry Drive
Fairfax. VA 22033
|
$144,381
|
May 8, 2012
|
ROCK
HILL
3 BR 1 1/2 BA Condo
2036 Capstone Circle
Herndon, VA 20170
|
$135,418
|
May 1, 2012
|
WESTBROOK
COURTS CONDOMINIUM
3 BR 2 BA Condo
11330 Westbrook Mill Lane #204
Fairfax, VA 22030
|
$111,821
|
March 16, 2012
|
WASHINGTON SQUARE
3BR 2.5BA Townhouse
8906 Waldren Way
Lorton, VA 22079
|
$162,977
|
February 17, 2012
|
KENSINGTON MANOR
3BR 1.5BA Townhouse
3855 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
February 17, 2012
|
KENSINGTON MANOR
3BR 1.5BA Townhouse
3863 Billberry Drive
Fairfax, VA 22033
|
$145,763
|
January 27, 2012
|
KENSINGTON MANOR
3BR 1.5BA Townhouse
3851 Billberry Drive
Fairfax, VA 22033
|
$145,763
|
January 27, 2012
|
KENSINGTON MANOR
3BR 1.5BA Townhouse
3855 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
January 27, 2012
|
KENSINGTON MANOR
3BR 1.5BA Townhouse
3859 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
January 27, 2012
|
KENSINGTON MANOR
3BR 1.5BA Townhouse
3861 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
January 23, 2012
|
KENSINGTON MANOR
3BR 1.5BA Townhouse
3860 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
January 11, 2012
|
KENSINGTON
MANOR
3BR 1.5BA Townhouse
3856 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
December 23, 2011
|
ROCK HILL
3BR 2.5BA Condo
2038 Capstone Circle
Herndon, VA 20170
|
$136,305
|
December 22, 2011
|
NEWINGTON FOREST
3BR 1.5BA Townhouse
8040 Steeple Chase Court
Springfield, VA 22153
|
$141,989
|
December 9, 2011
|
KENSINGTON
SQUARE
3BR 1.5BA Townhouse
12788 Lavender Keep Circle
Fairfax, VA 22033
|
$153,358
|
November 29, 2011
|
KENSINGTON
MANOR
3BR 1.5BA Townhouse
3854 Billberry Drive
Fairfax, VA 22033
|
$145,763
|
November 29, 2011
|
KENSINGTON
MANOR
3BA 1.5BA Townhouse
3862 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
November 28, 2011
|
KENSINGTON
MANOR
3BR 1.5BA Townhouse
3858 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
November 22, 2011
|
KENSINGTON
MANOR
3BR 1.5BA Townhouse
3852 Billberry Drive
Fairfax, VA 22033
|
$144,381
|
November 18, 2011
|
KENSINGTON
MANOR
3BA 1.5BA Townhouse
3850 Billberry Drive
Fairfax, VA 22033
|
$145,763
|
November 15, 2011
|
WINDY HILLS
CONDOMINIUM
2 BR 2BA CONDO
6475 Cheyenne Drive #101
Alexeandria, VA 22312
|
$100,407
|
October 27, 2011
|
SYCAMORES at
VAN DORN
2 BR 1 BA CONDO
5975-A Terrapin Place #101
Alexandria, VA 22310
|
$95,096
|
October 24, 2011
|
GREENS at
FAIR LAKES
3 BR 1 BA TOWNHOUSE
4828 Green Duck Lane
Fairfax, VA 22033
|
$134,205
|
September 23, 2011
|
OVERLOOK
2 BR 1/2 BA TOWNHOUSE
5235 Elbetee Lane
Alexandria, VA 22312
|
$116,561
|
September 13, 2011
|
DEERFIELD RIDGE
4 BR 2 BA TOWNHOUSE
14038 Gill Brook Lane
Centreville, VA 20121
|
$154,833
|
September 2, 2011
|
CENTREVILLE CROSSING
3 BR 2.5 BA CONDO
6072A Wicker Lane
Centreville, VA 20121
|
$144,125
|
August 30, 2011
|
CRIPPENS CORNER
3 BR 2.5 BA TOWNHOUSE
10891 Murray Downs Court
Reston, VA 20194
|
$145,889
|
August 15, 2011
|
WILLOW
PONDS
3 BR 1.5BA TOWNHOUSE
5103 Winter Willow Circle
Fairfax, VA 22030
|
$126,994
|
July 22, 2011
|
GLENWOOD
MEWS
3 BR 2 BA
INTERIOR-UNIT TOWNHOUSE
7322 Glenwood Mews Ct.
Alexandria, VA 22315
|
$155,480
|
June 28, 2011
|
BYRSON
at WOODLAND PARK
1 BR 1 BA CONDOMINIUM
12921 Centre Park Circle #403
Herndon, VA 20171
|
$ 89,047
|
June 13, 2011
|
|
GLENWOOD
MEWS
3 BR 2 BA
INTERIOR-UNIT TOWNHOUSE
7320 Glenwood Mews Ct.
Alexandria, VA 22315
|
$155,480
|
May 25, 2011
|
NEWINGTON
FOREST
3 BR 1 1/2 BA END-UNIT TOWNHOUSE
8161 Willowdale Court
Springfield, VA 22153
|
$140,421
|
May 23, 2011
|
Fairfax County is committed to nondiscrimination on the basis of
disability in all County programs, services and activities. Special
accommodations will be provided upon request. Please allow seven
working days for preparation of materials. For information call
703-246-5101 or 703-385-3578 (TTY).
 
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