Hallcrest Heights Associates
History
Founded in the late 1960s, Hallcrest Heights was developed to emulate the historical charm of Colonial Williamsburg, featuring brick townhomes and period-style architecture. The community was built between 1969 and 1972, offering residents a tranquil suburban lifestyle just minutes away from the bustling Washington D.C. metro area.
The neighborhood quickly established itself as a tight-knit community, known for its proactive homeowners association (HOA). The HOA has been instrumental in fostering community engagement, with initiatives like the successful campaign in the mid-2000s for a traffic noise reduction barrier along the nearby highway. This effort, led by the community and supported by local state representatives, underscores the residents’ commitment to maintaining a high quality of life.
Demographics
Hallcrest Heights is home to approximately 158 residences, fostering a close community feel. The demographic makeup reflects a slightly older but diverse population, with many long-term residents who have settled in after careers in nearby governmental or tech sectors.
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Age Distribution: The community likely mirrors the broader Fairfax County trend, where median age is around 37.9 years as of recent demographic reports. However, Hallcrest Heights might skew older due to its appeal to established professionals and retirees.
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Income Levels: Fairfax County boasts a median household income significantly higher than the national average, with Hallcrest Heights residents likely fitting into this affluent category, given the property values and community amenities.
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Education: Education levels are high, with many residents having college or postgraduate degrees, aligning with the educational attainment statistics of Fairfax County.
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Diversity: While specific data for Hallcrest Heights isn’t public, Fairfax County is known for its diversity, suggesting a mix of ethnic backgrounds within the community.
Real Estate Trends
Real estate in Hallcrest Heights is characterized by:
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Property Values: Homes in Hallcrest Heights are considered high-value properties, with the median sale price for similar townhomes in McLean, Virginia, hovering around $700,000 to $800,000. The neighborhood’s design, location, and community amenities contribute to these elevated prices.
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Market Dynamics: The real estate market in Fairfax County, including Hallcrest Heights, has shown consistent appreciation, although at a pace slightly below the state average in some years. The demand remains strong due to the area’s proximity to employment centers, excellent schools, and quality of life.
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Historical Appreciation: Over the last decade, property values in McLean, which includes Hallcrest Heights, have appreciated significantly, with some years seeing increases in the high single digits to low double digits.
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Rental Market: The rental market within Hallcrest Heights has seen controlled growth, with the HOA actively managing rental property numbers to maintain the residential character of the community. This has led to a stabilization of rental percentages, currently around 23%.
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School Proximity: The appeal of Hallcrest Heights is bolstered by its proximity to well-regarded schools like Kent Gardens Elementary, Longfellow Middle, and McLean High School, which are pivotal in real estate decisions for families.
Community Life and Amenities
Hallcrest Heights is not just about the homes; it’s about the lifestyle:
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Community Engagement: The HOA organizes numerous events, fostering a sense of community. From annual meetings with high attendance to special events, the community spirit is palpable.
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Landscaping and Green Spaces: With 18 acres of manicured grounds, including several park-like areas, the neighborhood is designed for outdoor living, walking, and community interaction.
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Accessibility: Located off Chain Bridge Road, residents enjoy easy access to major transportation routes, the McLean Metro Station, and regional amenities like shopping, dining, and entertainment.
Conclusion
Hallcrest Heights Associates in Fairfax County, Virginia, stands out as a model of community living where history, demographics, and real estate trends converge to create an enviable lifestyle. The neighborhood’s commitment to preserving its aesthetic and community values, coupled with its strategic location, ensures its continued desirability. For those looking into real estate investment or community living in the area, Hallcrest Heights offers a unique blend of tradition, modern amenities, and a vibrant community life.
