The Latest Scoop on NV Homes, Little River Commons

I spent Thursday afternoon over at NV Homes, Little River Commons new home community and would like to give you the latest scoop on what’s going on there. In case you don’t know much about the community, here’s a quick overview…

NV Homes, Little River Commons is located off of Gum Spring Rd in Aldie/Chantilly in Loudoun County. NV Homes is selling town homes and single family homes with base price starting in the mid to high $300K’s for their town homes and low to mid $500K’s for their single family homes. There are trails, a common area, tot lot, soccer field, basketball court, baseball field and two ponds within the community. Though there is no club house nor pool in the community, your HOA dues are about half that of neighboring communities.

Now let’s get to the latest pricing and lot availability…

Town Homes

• There are two models available – the Astor and Carnegie
• The Astor is 22 feet wide and about 200 square feet smaller than the Carnegie, which is 24 feet wide
• Both models have a front-load 2-car garage with the entry on the ground level
• Both models have the kitchen in the rear, living and dining room in the front (on main/second level) with 3 bedrooms and 2 full baths (on upper/third level)
• Base prices are about $10K apart with the Carnegie being the more expensive model because it’s larger

I priced out an end unit Astor model with plenty of bells and whistles and it came out $399K. Here are some of the options that price includes:

• Full brick front
• 8 foot extension on all three levels (brings square footage to about 2700)
• Luxury master bathroom with large (aka useable) soaking tub and large shower with bench
• Full bath in basement
• Hardwood entire main level
• Granite counter tops, stainless steel appliances and level one upgrade cabinets in kitchen
• Carpet on all stairs
• Granite counter tops, upgraded cabinets and 12×12 tile in master bathroom and hall bath (upper level)
• Bay window off dining room
• Garage door openers, 2 remotes and keypad

There is one end unit (Astor model) available for April delivery. After that Astor is sold, you’ll have to wait until May/June (most likely June) for the next available delivery. There are a total of  only 4 buildings (18 town homes) left to build in the community.

Single Family Homes

NV Homes is also selling single family homes in the Little River Commons community. They’re selling at such a fast pace that they’ve sold several lots in their newest section, which has not yet even been recorded with Loudoun County (it will be recorded on Tuesday).

NV Homes has 4 models available in Little River Commons with base prices ranging from $500K to $560K (the latest pricing was released last Tuesday). The models range from a base square footage (upper two levels not including the basement or garage) of 2,722 to 3,527.

Since there are 4 models and so many different options and configurations available (and I don’t know exactly what you would choose in options), it’s hard to tell you what you would end up at as a final price. But I can tell you this…the typical final sales price of a single family home in the community is between $600K and $650K.

Incentives/How To Save a Few Bucks

Due to the high pace of sales, NV Homes – along with most other builders in the area – has scaled down on their incentives and either raised prices or made some standard options no longer standard. Nevertheless, you can get closing cost assistance and money off the base price/options in certain situations.

NOTE: If you are considering the Little River Commons community by NV Homes, you may also want to consider what Van Metre Homes has to offer in Stone Ridge, which is just across Gum Spring Rd from this community. For more information on what Van Metre Homes has to offer in Stone Ridge, click here.

To find out how to get the most in incentives/money off the price or for information about the builder, the community, available models or lots, drop me a line any time. I can best be reached via email or on my cell – danilo.bogdanovic (at) gmail (dot) com – 703.582.6900.

Loudoun Community Spotlight – Village of Waxpool in Ashburn

The Village of Waxpool community is located in Ashburn, Virginia off of Belmont Ridge Rd. It sits adjacent to Brambleton and Broadlands (click here for aerial view). All of the homes are on 1/2 acre lots and are in the larger square footage/upper price bracket when compared to the majority of what you’d find in Ashburn as well as most of eastern Loudoun County.

There are three builders in the Village of Waxpool community:

• Brookfield Homes
• Craftmark Homes
• NV Homes

Most of the community has been completed though there are still some lots available. They recently opened the backside of the community to Broadlands so you can now cut through Broadlands to shopping and ammenities without having to drive out to Belmont Ridge Rd.

At one point during the boom real estate market, these homes were selling new for $1.1M and up. Recent sales are from the high $700K’s to high $900K’s (resale and new construction). There have been 4 resale homes sell in the community this year and there are 5 resale homes currently for sale (both statistics are as of June 13).

There were several investors who bought a new home(s) in the Village of Waxpool community in hopes of making quick money. But the market turned and several of these speculative investors tried to sell them as "short-sales" or they just let them go into foreclosure. This helped drive the prices down, but they seemed to have bottomed out.  If you’re looking for a large home on a decent sized lot closer in then Leesburg, you may want to take a look at this community.

As far as road noise and seeing cars drive by on Belmont Ridge Rd, as long as you’re in the mid to back part of the Village of Waxpool community, you should be fine. This is something to take into consideration if buying a resale home, but if you’re looking at new construction, you should be ok. All of the available lots are on the back side of the community.

Note…If you’ve heard that Belmont Ridge Rd is expected to be widened to 4 lanes, you heard right. But the widening will be happening between the Dulles Greenway exit on Belmont Ridge Rd and Route 7 (opposite side of Belmont Ridge Rd from this community).

Further Reading

Village of Waxpool official site (not much information there though)