History of Eleven Oaks HOA
Eleven Oaks is a neighborhood in Fairfax, Virginia, established as a new development straddling both Fairfax County and the City of Fairfax. The community takes its name from a majestic oak tree that was a landmark of the area, harking back to when the property housed Eleven Oaks School. This development was initiated by Madison Homes, a Tysons Corner-based builder, and was completed around 2015. The community is recognized for blending townhouses with single-family homes, offering residents a choice between urban convenience and suburban living.
The neighborhood’s layout reflects thoughtful urban planning, with communal outdoor spaces designed around a historic oak tree, which serves as a nod to its past. The development aimed to provide a mix of housing types, with single-family homes ranging from the Beaumont model at $879,900 to the more luxurious Evesham model at $1.145 million. Townhouses, offering a more compact living option, were also part of the mix, priced competitively from $799,900 to $829,900 for an end unit.
Demographics
While specific demographic data directly from Eleven Oaks HOA is not publicly detailed, we can infer some general trends based on Fairfax County’s broader statistics. Fairfax County is known for its diversity, with a significant portion of its population being highly educated, often linked to the presence of George Mason University and numerous federal government and tech jobs nearby. The county has a median household income well above the national average, which likely influences the demographic of Eleven Oaks as well, attracting professionals and families looking for quality education, amenities, and proximity to urban centers like Washington, D.C.
Given the price range of homes and the community’s design, it’s reasonable to assume Eleven Oaks hosts a population that values privacy, community amenities, and access to educational facilities. The presence of an HOA suggests a community oriented towards maintaining a certain standard of living and property values, which might appeal to older families or professionals who appreciate structured community management.
Real Estate Trends
Real estate in Eleven Oaks has been influenced by broader market trends in Fairfax County.
-
Pricing: The initial prices of homes in Eleven Oaks were set high due to the quality of construction, location, and the amenities provided by the HOA. Over the years, these properties have likely appreciated, reflecting trends in Fairfax County where home values have been on an upward trajectory, though the rate can vary based on broader economic factors.
-
Market Dynamics: Eleven Oaks benefits from being in a desirable area of Fairfax County, close to Fairfax City amenities, educational institutions like George Mason University, and major transportation arteries. This location has generally kept the demand high for properties within this community, potentially leading to low vacancy rates and competitive buying scenarios.
-
HOA Influence: The presence of an HOA in Eleven Oaks likely stabilizes or even increases property values due to the maintenance of common areas, enforcement of community standards, and management of issues like snow removal and landscaping. However, this also means there are annual fees which, while providing these services, could influence affordability or appeal based on potential buyers’ preferences for managed versus unmanaged communities.
-
Future Trends: Looking into the future, trends in Fairfax County suggest continued growth in property values, particularly if infrastructure projects like enhanced public transit or tech sector expansion continue. However, economic shifts, changes in interest rates, or significant local policy changes could impact these trends.
Conclusion
Eleven Oaks HOA in Fairfax County, Virginia, represents a modern community with roots in local history, offering a blend of residential options with an emphasis on quality living through HOA-managed amenities. The demographic is likely skewed towards well-educated, affluent individuals or families who value community standards and proximity to urban conveniences. Real estate trends here are generally positive, reflecting broader market conditions in Fairfax County, but are subject to the usual economic and local policy influences. For those interested in a deeper dive into specifics like current HOA fees, exact demographic statistics, or real-time market data, visiting ww.elevenoakshoa.com or contacting local real estate professionals would be beneficial.
