One-bedroom, one-bathroom condo in Arlington lists for $195,000

The 716-square-foot one-bedroom, one-bathroom condo at 1121 Arlington Blvd., Unit #631, in Arlington, Va., is listing for $195,000. (Redfin)

When you want to own a house near a Metro station and have a tight budget, a condo can be a good solution as long as you are careful to include the condo fee in your housing payment calculation.

While even condos in the District can be pricey, crossing the Potomac into Arlington can sometimes get you more for your money, but you’ll have to shop carefully. The median sales price in Arlington County was $625,000 in June, according to the Northern Virginia Association of Realtors.

Yet some condos are available to buyers looking for affordability. For example, the condo at River Place at 1121 Arlington Blvd., Unit #631, is priced at $195,000. The monthly condo fee is $450 per month, and annual taxes are $2,123 for the one-bedroom, one-bathroom unit, which has 716 square feet. The condo fee includes all utilities.

[Studio condo in Arlington lists for $327,450]

The condo was built as apartments in 1955 and has been renovated several times since then. This unit has bamboo floors in the living area, carpet in the bedroom, an updated kitchen with gas cooking and tile flooring, an updated bathroom with tile flooring, new paint and a balcony overlooking Rosslyn’s skyline and Freedom Park.

Community amenities in this high-rise development include elevators, indoor and outdoor swimming pools, a fitness center, a party room and a tot lot. Residents can walk to the Rosslyn Metro, shops and restaurants as well as across the Key Bridge into Georgetown.

For more photos, click here.

For more information, contact real estate agent John Schmidtwith Redfin at 703-721-4490.

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