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Old 11-23-2008, 11:15 PM
 
52 posts, read 150,901 times
Reputation: 43

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Hello,

I am a single, first time home buyer considering purchasing a townhouse in South Reston - south of South Lakes Drive and west of Reston Parkway. More specifically, I'm looking at places in the neighborhoods along Glade Drive and Green Range Drive.

There are many 3 bed townhouses in that area in foreclosure or short sale between $140k and $200k, tax assessed at around $100k more than what they're selling for. They are mostly fixer uppers, some requiring more work than others. My budget is $200k and below, preferably below, which is low for this area but there's foreclosures to be bought.

Is this a good investment in a primary residence? I plan to rent out the extra space since they're much bigger than what I need. Also, I've read about the North vs. South Reston differences, and one of my co-workers adamantly discouraged me from buying in South Reston as opposed to North Reston. I'm gonna go with what I can afford, which places me in South Reston. Really, is South Reston that bad? The areas I saw looked fine to me.
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Old 11-24-2008, 02:02 AM
 
3,164 posts, read 6,122,374 times
Reputation: 1264
Are you a single guy? It might be ok, but I would not encourage my child to buy in that area.
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Old 11-24-2008, 08:57 AM
 
Location: Reston, VA
2,005 posts, read 3,530,751 times
Reputation: 1147
I would recommend looking east of Reston Parkway in South Reston.

Here are a few:
View Property Details- 2215 CARTWRIGHT PL, RESTON, VA 20191
View Property Details- 11114 BEAVER TRAIL CT #11114, RESTON, VA 20191
View Property Details- 11015 VILLARIDGE CT #1015A, RESTON, VA 20191
View Property Details- 1978 VILLARIDGE DR #B, RESTON, VA 20191
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Old 11-24-2008, 10:52 AM
 
52 posts, read 150,901 times
Reputation: 43
Thanks for the responses.

@Denton56 - Yes, I am a single guy. What are your reasons for not buying a house in the area?
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