The Gates of McLean had 2 properties that Sold in February of 2009. That’s a 100% increase vs. the 1 of the same month last year (08). So, definately good news on increasing transactions.
The properties themselves were very different. One was a 3 bedroom, Christine model, in building 1530. It was located on the 2nd floor. That property was asking $374,900 and ending up settling for $354,750. It was a cash transaction.
The other property that sold was a one bedroom, Danielle model, which is the largest you’ll find in a secure building(1581). This property was also on the 2nd floor. The property was a bank owned property, also referred to as an REO. It was asking $199,900 and settled for $195,000. It sold rather quickly, being on the market only 23 days.
(data from MRIS)
