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A recent article in the washington post discusses DC area real estate - The most attractive thing about the run-down Arlington condominium David Larrea bought at the end of 1999, he says, was its price: $65,000.

Five years later, the broken windows have been replaced; he has painted his living room wine red; and values throughout the plain, five-story brick complex have soared 67 percent from a year ago. Larrea's home, according to the latest round of property assessments, is worth four times what he paid for it.

Thirty miles west of Larrea's end unit, in an upscale subdivision atop a hill in Loudoun County, Brian Rhoa is also seeing stunning gains in the value of the 3,000-square-foot home he bought for nearly half a million dollars. The value of the 64 houses in Rhoa's neighborhood jumped, on average, 49 percent in the last year. Read more here.
   
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