NOT LISTED FOR SALE

116 Market Square NW Unit 21 Vienna, VA 22180

Estimated Value: $1,389,000

3 Beds
4.5 Baths
2,676 Sq Ft
$519/Sq Ft Est. Value

Last Sold February 12, 2024

Last sale price $1,340,000 $501 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,853/month

3 Days on Market

Highlights

  • New Construction
  • Gourmet Kitchen
  • Contemporary Architecture
  • Louise Archer Elementary School Rated A
  • Open Floorplan
  • Recreation Room

About This Home

As of February 2024

Discover this elegant home where luxury meets convenience nestled in the heart of Vienna! Featuring a seamless blend of sophistication and functionality, this well-appointed former model home located in Vienna Market Square is the epitome of modern design, accented by premium fixtures and 9' ceilings throughout. The entry level features a versatile flex space, ideal for work or play as a home office or recreation room, complete with a full bathroom and upgraded tile flooring. The main level boasts open-concept living spaces ideal for today’s contemporary lifestyle with luxury vinyl wide-plank flooring throughout. The gourmet kitchen showcases waterfall edge quartz countertops, an oversized island with farmhouse sink and instant hot water tap, upgraded stainless steel appliances, and under-cabinet lighting. The family room with bay window and custom window treatments flows effortlessly into the dining room with stylish chandelier and designer feature wall. Just off the dining room is a covered balcony with a cozy stone-surround gas fireplace. On the third level you will find the primary suite which offers a serene retreat with a luxurious spa bathroom featuring a Roman shower and dual vanities, a spacious secondary bedroom complete with its own bathroom and walk-in closet and convenient laundry center. The fourth level is home to a complete guest suite with an inviting loft, bedroom with full bathroom, and a captivating rooftop terrace for entertaining. The finished two-car garage features epoxy flooring, ceiling mounted hydraulic bike lifts, and newly built storage closet. With over $150,000 in builder options and an additional $30,000 in owner installed upgrades, this stunning home is completely turn-key! Ideally located in the highly sought-after Madison High School pyramid and conveniently located near shopping hubs and major commuter routes. Maple Avenue, with its many shops and restaurants, is just steps away. The Orange Line at Vienna-GMU Metro Station and Route 66 are just two miles away, and the Silver Line at Tysons Corner is just three miles away. If you’re looking for refined style and elevated living in the heart of Vienna, then look no further!

Last Agent to Sell the Property

Kristina Bianchetta

Pearson Smith Realty, LLC License #0225215122 Listed on: 01/12/2024

Pearson Smith Realty, LLC

Last Buyer's Agent

Nicole Jennings

Compass License #668721

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $14,298

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $163 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Rear-Facing Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2,676 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Combination Kitchen and Living
  • Dining Room
  • Recreation Room
  • Loft
  • Gourmet Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Schools

  • Louise Archer Elementary School
  • Thoreau Middle School
  • Madison High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0384 74 0021

Community Details

Overview

  • Association fees include common area maintenance, insurance, management, trash, snow removal, water
  • $90 Other Monthly Fees

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$14,298

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$163 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Inclusions: Hydraulic Bike Lifts, (2) Mounted 70-inch Insignia Fire TVs w/Sound Bar & Sub-Woofers, Custom Window Blinds, Custom Curtains, Google Home Door Bell, (3) CCT Security Cameras.
  • New Construction: Yes
  • Story List: Main, Upper 1, Upper 2, Upper 3
  • Expected On Market: 2024-01-12
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Special Features: 4098
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Living, Dining Area, Floor Plan - Open, Kitchen - Gourmet, Pantry, Recessed Lighting, Sprinkler System, Walk-In Closet(s), Window Treatments
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 4
  • Room List: Dining Room, Bedroom 2, Kitchen, Family Room, Foyer, Bedroom 1, Loft, Recreation Room, Bathroom 1, Bathroom 3
  • Basement: No
  • Total Sq Ft: 2676
  • Living Area Sq Ft: 2676
  • Price Per Sq Ft: 504.48
  • Above Grade Finished Sq Ft: 2676
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 116

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 2.00
  • Upper Level 3 Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 2
  • Upper Level 3 Full Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Construction Completed: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry, Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 163.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Management, Trash, Snow Removal, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 90.00
  • Other Fees Frequency: Monthly

Schools

  • School District: FAIRFAX COUNTY PUBLIC SCHOOLS
  • Elementary School: LOUISE ARCHER
  • Middle School: THOREAU
  • High School: MADISON
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138392980
  • School District Source: Listing Agent
  • Elementary School: LOUISE ARCHER
  • High School: MADISON
  • Middle Or Junior School: THOREAU

Lot Info

  • Land Use Code: 032
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: 954
  • In City Limits: Yes

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 14298.00
  • Assessor Parcel Number: 0384 74 0021
  • Tax Total Finished Sq Ft: 2676
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 02/12/2024

MLS Schools

  • School District Name: FAIRFAX COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
Apr 1, 2022
Sold by
Murali Penmetsa Revocable Trust and Padma Penmetsa Revocable Trust
Bought by
Busteed Brandon Harrison
Seller's Agent
Sri Meka
Franklin Realty LLC
Buyer's Agent
Kristina Bianchetta
Pearson Smith Realty, LLC
List Price
$1,319,990
Sold Price
$1,320,000
Premium/Discount to List
$10
0.0%
Total Days on Market
3
Current Estimated Value
$1,389,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,000
Avg. Annual Appreciation
1.51%
Original Mortgage
$1,056,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2021
Sold by
Penmetsa Padma and Penmetsa Murali Krishna
Bought by
Penmetsa Murali and The Murali Penmetsa Revocable Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Busteed Brandon Harrison $1,320,000 Old Republic National Title In
Penmetsa Murali -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galunic Dilnoza $320,000
Closed Busteed Brandon Harrison $1,056,000
Closed Busteed Brandon Harrison $1,056,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2024 02/12/24 Sold $1,340,000 -0.7% $501 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
01/12/2024 01/12/24 For Sale $1,350,000 +2.3% $504 / Sq Ft
04/01/2022 04/01/22 Sold $1,320,000 0.0% $493 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $1,319,990 +16.3% $493 / Sq Ft
02/25/2021 02/25/21 Sold $1,134,990 0.0% --
02/25/2021 02/25/21 For Sale $1,134,990 -- --
01/07/2021 01/07/21 Pending -- -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,460 $1,161,890 $232,000 $929,890
2023 $12,192 $1,080,350 $216,000 $864,350
2022 $11,655 $1,019,200 $204,000 $815,200
2021 $11,500 $980,000 $196,000 $784,000
2020 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: VAFX2159064

Bright MLS

APN: 0384-74-0021