River Place in Arlington, Virginia 22209 – Market Update 4.10.17
River Place is located in Arlington Virginia. The cooperative community is situated in the heart of Rosslyn and is home to 1700 residences. There are four buildings; River Place North, South, East, and West. The homes in River Place range in size from studios with 383 square feet all the way up to 3 bedroom Penthouses with over 2,300 square feet. Some sell with an assigned or garage parking spot, while others do not include parking. Parking spots do become available for sale from time to time and there are often spots that can be rented.
River Place Amenities
Residents at River Place enjoy access to many on-site community amenities; fitness center with a sauna, showers and locker rooms, outdoor pool, gated entry, secure access for each building, concierge, convenience store, ATM, dry cleaners, and a salon.
The community is known for its prime location; Rosslyn Metro is just 2 blocks away from the neighborhood. Residents can also walk across the Key Bridge to visit Georgetown and surrounding areas. Shopping, dining, and entertainment are all within minutes of the community.
The following is a review of activity in River Place since March 2016.
•Number of Sales: 45
•Highest Priced Sale: $575,000
•Lowest Priced Sale: $120,000
•Median Sales Price: $170,000
•Median Days on Market: 43
•Median Sale Price to List Price Ratio: 94.97%
River Place is a unique neighborhood in Northern Virginia due to being one of the few cooperatives in the area. Whether you’re buying or selling hiring an agent that has a proven successful track record in the community is a must. The financing requirements are also different in River Place than what’s standard in most communities. There are only a handful of lenders that can provide financing due to it being a co-op. Buyers need an agent that can educate them on purchasing a cooperative so that they can make an informed decision if it’s the right purchase for them.
Buyers: If you’re considering buying in River Place contact us to learn more about the community or find out how to start your home search. We’re well versed in the River Place community and have a proven successful track record. Please feel free to contact us with questions.
Sellers: We have successfully represented many clients at River Place and would love the opportunity to learn more about your property. Contact us for a no obligation strategy session or to request more information about our marketing and services.