Guide to Finance

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SPRINGFIELD REAL ESTATE

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SPRINGFIELD REAL ESTATE



Springfield was founded as a station of the Orange and Alexandria Railroad in 1847. Springfield remained a rural crossroads until Edward Carr decided to subdivide the area for suburban development in 1946 along the recently opened Henry Shirley Highway( now I-95/I-395). Carr, a realtor, believed this to be the last easily accessible tract within 12 miles of Washington, DC. Ready access to Washington, via the Shirley Highway spurred tremendous growth in the area in the 1950s and 1960s.

As per the census of 2000 the median income for every household in Springfield was $69,640, and the median income for each family was $73,903. The per capita income in Springfield was for the CDP was $27,807.

A well known destination for locals and tourists in Springfield is the Springfield Mall. It is large indoor typically American shopping mall with its variety of stores, along with several anchors such as Macy's, two movie theaters, and a food court.

The mall is located near the Potomac Mills mall, as well as the Tycoons corner shopping area. Central Springfield is dominated by the over half-billion dollar Springfield Interchange that cost over half a billion dollars to construct. The highway project was completed in 2007.

The interchange is popularly known as the Mixing Bowl. The name Mixing Bowl has been taken from an earlier interchange near the Pentagon due to its complexity. It includes three interstates I 95, I 395, and I 495. it has has two exits less than a half mile away, and two unconnected roads Commerce Street and Route 644. Old Keene Mill Road / Franconia Road. Going over or under the interstates less than a half mile away, it is further complicated by the presence of a separate, reversible high occupancy vehicle lane passing through the center of two of the interstates. This project was dedicated on july 18th, 2007 by the Virginia Governor Timothy M. Kaine. According to the Virginia Department of Transportation the eight-year, $676 million Springfield Interchange Improvement Project was finished on time and on budget,

The Springfield area is well connedted by the Metro rail's Blue Line at the Franconia Springfield station. The Virginia railway express commuter rail connects to the Backlick Road station. The Amtrak provides regional service only.

Adequate bus service is provided by the Washington Metropolitan Area Transit Authority and the Fairfax connector bus. Springfield located in Firfax County is an unincorporated community in Virginia. It is a suburb of the capitol Washington DC. As per the 2000 census there were 30,417 people residing in Springfield . Within Springfield are three census designated places or CDP's they are the West Springfield CDP, the North Springfield CDP and the Springfield CDP. All of them are officially titled Springfield by the United States postal department.

Several government officers reside in this quiet area due to its proximity to their work places. The real estate of Springfield has shown fantastic appreciation in terms of value over the last few years. Spring field is highly sought after by people working in the Washington metropolitan area.
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