Housing and Community Development

CONTACT INFORMATION: Operating Hours: 8AM-4:30PM M-F
703-246-5000 TTY 711
3700 Pender Drive
Fairfax, VA 22030
Tom Fleetwood
HCD Director

Monarch Condominium at 70% AMI WDU

Monarch Condominium at 70% AMI WDU
Tysons, VA 22102

The following listing is available for first-time homebuyers who have a valid First-Time Homebuyers Program Passport to Homeownership. A Passport to Homeownership is issued following completion of the five-step application process.

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Sales Price: 
$210,600 (Studio)
$233,300 (One Bedroom)
2 units 
High-Rise Condominium

  • Unit 506 – Studio and One Bathroom (1 Unit) – S01A Floor Plan (ANSI*)                                                                                                         
  • Unit 507 – One Bedroom and One Bathroom (1 Unit) – A02 Floor Plan
  • Studio – 490 square feet and One Bedroom – 610 square feet
  • New Construction
  • Open Concept Floorplan, Oak Hardwood Floors, Upgraded Kitchen Countertops and Backsplash, Cabinets with Under-Cabinet Lighting, High-End Appliances, Tray Ceiling, Over-Sized Waterfall Island, Walk-In Closet, and Floor-to-Ceiling Windows (all features are subject to change).
  • Special Comments: *Please see the Developer for details. Purchase preference will be given to families with a verified need for features in this unit. Please see the developer website https://affordablecondostysons.com.
  • Amenities: Heated Outdoor Pool, Outdoor Grills, Fitness Center, Clubroom, Pet Care Room, Rooftop Dining, Landscaped Gardens, 24/7 Concierge and Lobby Attendant, Full-Time On-Site Engineer and Property Manager.
  • Located near: Tysons Corner Center and Tysons Galleria, World-Class Dining, Entertainment and Tysons Metro Rail Stop to Washington DC, Ronald Reagan Washington National Airport and Dulles International Airport.
  • Convenient Access to: Tysons Shopping, Dining, Entertainment, Airports, Silver Line Metro and Other Public Transport.
  • Schools: Westbriar Elementary School, Kilmer Middle School, and Marshall High School

 

FLOOR PLANS AND PHOTOS:

Studio Floor Plan

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One Bedroom Floor Plan

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REQUIRED FUNDS AND FEES: 

  • Required Buyer Funds and Estimated Closing Costs: $10,530 – Studio and $11,665 – One Bedroom
    Amount may vary according to lender, type of loan, credit score and reserves.  Estimate is based on 2% required down payment and up to 3% for closing costs. This estimate includes a $1,000 good faith deposit which will be required at the time the contract is signed. 
     
  • Condominium Fees: $326 monthly
    Includes Trash and Snow Removal, Common Area Maintenance, Additional Guest and Visitor Parking, Water and Gas

DOWNPAYMENT ASSISTANCE: 

Up to $10,000 in downpayment assistance may be available for eligible applicants depending upon funding availability.

 

Questions

For additional information, please email FTHBhomeownership@fairfaxcounty.gov, or contact the Homeownership Resource Center at 703-246-5087.

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