Condo Focus - Colonial Village - Arlington, VA 22201

November 7th, 2007 Categories: Arlington Condos, Arlington Dirt

Today’s condo focus will highlight the quaint community of Colonial Village – nestled between Lee Highway and Wilson Blvd stretching almost the length between the Courthouse and Rosslyn Metros. Construction began on this complex was in 1935 and was completed by 1940 - it was one of the area’s first apartment complexes and really set the standard for garden styled apartments for the era. They are low brick buildings situated with appealing, landscaped courtyards and charming interiors.

Colonial Village 001

Conversion to condominium began in the late 1970’s and by the late ‘80’s all 700+ units were totally converted to condominium. It’s a wonderful and desirable place for many to call “home.” There are many restaurants and bars in close proximity – and with the metro accessibility, combined with affordability, Colonial Village continues to gain in popularity.

Colonial Village 005

Currently there are only 4 one-bedroom units available with an average list price of $282,000; there are just 2 two- Colonial Village 003 bedroom units available with an average list price of just $372,000. Over the last 6 months, 16 one-bedroom units have sold at an average net sales price of $279,000 (by net, I mean sales price less seller concessions). Similarly, over the last 6 months, 4 two-bedroom units have sold for a net sales price of $367,200.