The 5 Most Overpriced Properties for Sale in Arlington, VA

The Arlington real estate market can be so hot sometimes that we forget that there are actually properties that are overpriced and remain on the market for an extended period of time. There are many of them, actually.

And choosing just five overpriced homes for sale in Arlington proved to be quite the challenge.

But here we are, showcasing the top five most overpriced homes in Arlington that are currently on the market. The list is in no specific order, as all the properties are overpriced:

(Note: New construction homes and properties that are clearly tear-downs, in as-is condition, or estate sales were omitted).

5. 4870A Old Dominion Drive | $1,399,999 (map)

4870A Old Dominion Drive

Property Statistics

Original List Price: $1,499,000
Amount Decreased: $99,001
Original List Date: January 25, 2018
Bedrooms: 5
Bathrooms: 4.5
Square Feet: 3,854

Ever since the small cluster of seven homes in the Little Falls Forest subdivision were built in 2001, not one original owner has sold until now; that is, if the ‘A’ unit in the cul-de-sac does in fact sell.

The listing description for 4870A Old Dominion Drive is true: the home is not located on Old Dominion Drive, but it’s damn near close.

The value for this home is deceiving because the property has many features that a buyer would be looking for. The home features almost 4,000 square feet, comes with state-of-the-art appliances, a 2-car garage and it is located in the enviable Discovery school district.

The property was even tax-assessed by the county in 2018 at a whopping $1,475,500 implying that the actual value is probably more than that amount.

With that all being said, the home has lingered on the market for almost a full year. The main thoroughfare that is Old Dominion Drive will always hold back the cloister of homes at Little Falls Forest. How much will that end up hurting the property value? That is still to be determined…

This property is listed by McEnearney Associates. 

4. 1200 N Nash St #828 | $815,000 (map)

1200 N Nash St View

Property Statistics

Original List Price: $855,000
Amount Decreased: $40,000
Original List Date: November 2, 2017
Bedrooms: 2
Bathrooms: 2
Square Feet: 1,398

How much is the best view of D.C. worth?

Unit 828 at Prospect House is finding out that it’s not worth $815,000.

The unit does have postcard views from the 8th story of the community. Eighth-story condos rarely hit the market as there has only been one unit on the eighth story that has sold since 2016.

This residence is more updated than previous, similar units in the building. The last two units that were 1,398 square feet that sold closed at $625,000 (#525 in 2018) and $765,000 (#529 in 2018) respectively. Unit 525 was in need of some updates, making #529 a much better comparable property. The layouts between #529 and #828 are slightly different and #828 does have the benefit of being on a higher floor but with the recent sales, one starts to wonder if (when) the price for #828 will dip below $800k.

This property is listed by Century 21 New Millennium.

3. 2610 Marcey Road | $1,099,000 (map)

2610 Marcey Road

Property Statistics

Original List Price: $1,195,000
Amount Decreased: $96,000
Original List Date: March 2, 2018
Bedrooms: 5
Bathrooms: 3.5
Square Feet: 2,160

There are a few factors that immediately jump out at me about this home:
  • It is located very close to Military Road. It is one home in, but you better believe you are getting noise from the traffic flying by.
  • Marcey Road is beautiful. And this is just about the smallest and least expensive house on the block. Most homes on this stretch of Marcey start at around $1.2M and can quickly work their way up in price. The new owners of this home would be buying one of the ‘cheapest’ homes on the block, which wouldn’t necessarily be a bad thing (note: the house next to this one on the corner of Military Road may be slightly less valuable).
  • Marcey Road does not really have that “neighborhood” feel to it. Side note: Former Capital Brooks Laich used to live a few homes down before he was traded. Marcey Road is pretty much just used as the road to get to Donaldson Run. It’s helpful in the summer months but it can feel a little isolated from the rest of Donaldson Run.
  • The backyard overlooks all of Military Road. And calling it Military ‘Hwy’ in the listing probably is not doing the property any favors.

This property is listed by Coldwell Banker Residential Brokerage.

2. 4336 Henderson Road North | $900,000 (map)

4336 Henderson Road North

Property Statistics

Original List Price: $985,000
Amount Decreased: $85,000
Original List Date: May 14, 2018
Bedrooms: 4
Bathrooms: 3.2
Square Feet: 2,864

Timing is everything.

In real estate, if you try to time the spring market and miss, you could miss big. Just ask 4336 Henderson Rd who originally listed at $985k after seeing similar townhomes going for that much. The window of opportunity for the best possible outcome closed slowly but surely as if the townhouse were the 2018 Washington Nationals.

After missing the spring and summer market, 4336 Henderson is trying to capture the fall market and after lowering their price $85k, the townhome is at an attractive price. The former model unit is one of the largest homes in the Ballston Row community and features a rooftop deck, a 2-car garage, and a gorgeous main living area.

For being walking distance to the Ballston Metro, the townhouse could be a great deal for someone looking for a discount where townhomes this size usually sell in the high $900k’s.

This property is listed by Long & Foster Real Estate.

1. 3207 S Glebe Rd | $729,000 (map)

3207 S Glebe Road

Property Statistics

Original List Price: $818,000
Amount Decreased: $89,000
Original List Date: June 23, 2017
Bedrooms: 3
Bathrooms: 2.5
Square Feet: 1,814

3207 S Glebe has dropped their price almost $90k and the property is still overpriced.

The home is surrounded by properties that are worth significantly less and the home located on one of the busiest roads in Arlington.

This is not a home where you are actually on the service road or a small street off of the main road. You are on Glebe.

The house itself is fine. In fact, it’s better than fine. It’s actually pretty nice. You have renovated bathrooms, a renovated kitchen, hardwood floors, a back patio, and a rooftop terrace.

The issue is that many buyers I know will not even get out of their car once they drive by the property. It’s simply that busy. It’s a good deal on paper for what you get. However, it still needs to be below $700k for any chance of the owner actually selling the property.

This property is listed by Coldwell Banker Residential Brokerage.
Photos via Metropolitan Regional Information Systems.

Those are my five most-overpriced homes in Arlington.

Agree? Disagree? Let us know in the comments section below.