Real Estate Sales & Rental Info At And Around 1600 Prince

How Much Do 2-BR Condos Cost At Old Town In 22314 In Alexandria?

Photo of 515 N Washington St #105 Are you contemplating buying a condominium-home in the City of Alexandria?

Featured 2 BR Condominium in Old Town

$799,900 || Condominium At Old Town || 22314 The amenities on a rental property can often be the deciding factor for many renters. The available amenities may make a less affordable property seem more appealing. Conversely a property which is more expensive may be considered worthwhile if the amenities offered are considered valuable enough to compensate for the higher price. When making this decision, homeowners should consider their own personal preferences as well as their budgetary constraints to make an informed decision. Before making a decision to rent a property, the renter should carefully consider which amenities are necessary, which amenities are optional but highly desired and how much the renter is willing to pay for these amenities.

What Amenities Do You Really Need?

Although many of the amenities offered by rental properties are not exactly necessary to live, there are some amenities which some renters would not consider renting a property without. An exercise room is one such example. While this is certainly not necessary, many renters prefer having this option. Without an onsite exercise facility, many renters would have to consider joining a gym for their exercise needs. This will likely increase the monthly expenses significantly and, depending on the location, may also make it inconvenient for the renter to visit the gym. An onsite exercise is significantly more convenient than traveling to a gym in another location. For this reason many renters consider the added expense associated with an onsite exercise facility to be worthwhile. Some renters may even consider only renting an apartment in a facility that has a pool. Although this is not a necessity some renters, especially in warm climates, might only consider living in a rental property where there is access to a pool especially if the majority of rental properties include this amenity.

What Amenities Do You Really Want?

In addition to the amenities a renter feels he needs, there are some amenities which may be desired as opposed to necessary. A movie theater may be an example of this type of amenity. Renters may not decide against a rental property which does not have this feature but may be more inclined to select a property that has this feature as opposed to one that does not as long as the price is comparable. A meeting space may be another example of an amenity which may not be required but that many renters are willing to pay extra to have. Renters who entertain frequently may enjoy this type of amenity because it affords them extra space for entertaining. They may be able to easily invite eight or more people over for a dinner party if there is meeting space available but this might not be possible if the renter were confined to their apartment.

Are You Paying Too Much for Amenities?

While some amenities may be viewed as necessary and others may merely be viewed as worthwhile and still others may be viewed as superfluous, the most important decision renters will have to make is how much they are willing to pay for these amenities. Comparison shopping may be the best way to determine whether or not certain amenities are financially worthwhile. Renters who are considering apartments of similar size in the same geographic region should consider the amenities offered as well as the price of the apartment. Apartments of similar size in the same area should be fairly close in price. However, an apartment which offers more advanced amenities might be significantly higher in price. Renters should list the available amenities and use this information in making cost comparisons. This information can be used to determine whether or not the renter is willing to pay a higher price for such amenities. Renters who conclude the additional cost is not warranted have determined that the prices of the amenities are not worthwhile to them and they are likely to choose the more affordable apartment which features fewer amenities.    

Property Listing

2 beds, 2 full baths

Home size: 989 sqft

Added: 06/14/21, Last Updated: 06/14/2021

Property Type: Condo for Sale

MLS Number: VAAX261212

Subdivision: Old Town

<!--

List Price: 799900.00

-->

Subdivision Overview

  • Residents of Old Town enjoy additional benefits from this community..
  • None of the condos currently on the market at Old Town have garage parking.
  • Properties at have been on the market an average of 79 days.
  • Condos at Old Town are 39 years old and were built in 1982.
  • The most common heating system at Old Town is forced air.
  • The most common cooling system at Old Town is central a/c.
  • 611 Cameron St is the most expensive property for sale at Old Town and 515 N Washington St #203 is the cheapest property currently on the market.

Shopping Options

Will Nesbitt
Will Nesbitt, Principal Broker at Nesbitt Realty
We love what we do.
Scroll to top