Alexandria Condos: Palazzo at Park Center – NOW FHA APPROVED!

The Palazzo at Park Center is a condo community in Alexandria conveniently located near the intersection or Route 7 (King Street/Leesburg Pike) and 395. It consists of four garden-style buildings with covered walkways so your front door will open to the outdoors, but not necessarily the bad weather! This unique layout also provides the means for elevator access but without the long ‘hotel-like’ hallway feel to it.

The community has a club room, pool, garage parking, a fitness center, and elevators. Most units have high ceilings, balconies, large windows for plenty of light, and washer/dryers in unit. Additionally, many units have fireplaces and the 4th floor units have vaulted ceilings.

In the past year, prices have been low in this community, which had a number of short sales and foreclosures. But the community was recently approved for FHA financing, opening up the potential pool of buyers significantly.

Currently there are 3 units on the market, ranging in price from $189,900 to $219,888 for a one bedroom.  In the past year, there have been 27 units sold.  There were six 1BR units with an average sales price of $210,833.  Twenty-one 2BR units sold, with an average price of $232,762.

See condos for sale at the Palazzo at Park Center

Attend a free first time home buyer class near Alexandria

Contact us to start your search for an Alexandria condo

Source: MRIS.  Deemed accurate but not guaranteed.