On the Market: Reston and Herndon
New-home communities are going up near the planned Metro extension to Dulles.
Real estate in Herndon and Reston has performed well throughout the downturn. The Zip code that includes Reston Town Center—the community’s hub with restaurants, shops, and condos—has seen median prices gradually increase over the last four years, from $337,950 in 2008 to $357,700 in 2011. In downtown Herndon, median prices have grown even faster—from $240,000 in 2008 to $333,500 in 2011.
One reason may be the planned Metro extension to Dulles, which will add four new stations to the area—two in Reston and two in Herndon—by 2016. Here are four new developments with properties for sale:
Darlington Oaks is a community of 55 townhouses and 18 single-family homes just outside Herndon’s historic district. One single-family house with an asking price of $619,990 is still on the market. It has four bedrooms, a two-car garage, and an indoor/outdoor gas fireplace. 124 Pearl St., Herndon; 703-435-4743.
In Herndon’s historic district, Fortnightly Square is a community of 87 townhouses and 64 condos. The final five townhouses are expected to be ready for move-in by summer, with prices starting in the high $400,000s. Each will have three bedrooms, a two-car garage, a finished basement, and a gas fireplace; fourth-floor bedrooms are optional. 759 Center St., Herndon; 703-926-7241.
Heritage Chase II includes six townhouses in downtown Herndon. Two are still on the market, priced at $547,900 and $682,322. The brick-front homes have four bedrooms, a garage, gas fireplaces, and finished walkout basements. 106 Lillian Chase La., Herndon; 703-919-7184.
Icon at Dulles Station, which has 457 units, is the only new apartment building in the area. The first residents will be able to move in by the end of September. All units have stainless-steel appliances and granite countertops in the kitchen as well as hardwood floors. Monthly rents start at $1,300 for studios, $1,500 for one-bedrooms, and $2,000 for two-bedrooms. 2341 Dulles Station Blvd., Herndon.