NOT LISTED FOR SALE

1223 Prince St Alexandria, VA 22314

Parker-Gray Neighborhood

Estimated Value: $1,414,000 - $1,468,000

-- Bed
2 Baths
2,090 Sq Ft
$694/Sq Ft Est. Value

Last Sold April 07, 2022

Last sale price $1,367,000 $654 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,373/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Bedroom
  • Crown Molding
  • Wood Flooring
  • 1 Car Attached Garage
  • 4-minute walk to Hellen Miller Bernard Playground

About This Home

As of April 2022

Great turn-key investment opportunity! 3-unit, multi-family townhouse, in the heart of Old Town, 1 block to King St! 2 units in the townhome plus 1 carriage-house studio. $87,600/yr in rental income. See rent roll and expenses in documents. Outdoor patio and private 1-car garage attached to carriage house. Shown only by appointment due to tenants occupying the property.

Last Agent to Sell the Property

Phyllis Patterson

TTR Sotheby's International Realty Listed on: 03/01/2022

TTR Sotheby's International Realty

Last Buyer's Agent

Josh Dukes

KW Metro Center

KW Metro Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,821

Year Built

  • Built in 1900

Lot Details

  • 2,266 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Block Foundation
  • Masonry

Interior Spaces

  • Main Floor Bedroom
  • 2,090 Sq Ft Home
  • Crown Molding
  • Combination Kitchen and Dining Room
  • Wood Flooring

Schools

  • Lyles-Crouch Elementary School
  • George Washington Middle School
  • Alexandria City High School

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 1223
  • Assessor Parcel Number 074.01-03-29

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,821

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Great turn-key investment opportunity! 3-unit, multi-family townhouse, in the heart of Old Town, 1 block to King St! 2 units in the townhome plus 1 carriage-house studio. $87,600/yr in rental income. See rent roll and expenses in documents. Outdoor patio and private 1-car garage attached to carriage house. Shown only by appointment due to tenants occupying the property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Combination Kitchen/Dining, Crown Moldings, Wood Floors, Dining Area, Entry Level Bedroom
  • Foundation Details: Block
  • Total Sq Ft: 2090
  • Living Area Sq Ft: 2090
  • Price Per Sq Ft: 621.53
  • Above Grade Finished Sq Ft: 2090
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1223

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Covered Parking
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: ALEXANDRIA CITY PUBLIC SCHOOLS
  • Elementary School: LYLES-CROUCH
  • Middle School: GEORGE WASHINGTON
  • High School: ALEXANDRIA CITY
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121139111593
  • School District Source: Listing Agent
  • Elementary School: LYLES-CROUCH
  • High School: ALEXANDRIA CITY
  • Middle Or Junior School: GEORGE WASHINGTON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 364610.00
  • Land Assessed Value: 770000.00
  • Land Use Code: 022
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2266.00
  • Year Assessed: 2021
  • Zoning: CL
  • Zoning Description: COMMERCIAL LOW ZONE
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 87599.83
  • Units Furnished: Some
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 18292821
  • Tax Annual Amount: 12821.00
  • Assessor Parcel Number: 074.01-03-29
  • Tax Lot: 1223
  • Tax Total Finished Sq Ft: 1748
  • Tax Year: 2021
  • Close Date: 04/07/2022

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
Apr 30, 2019
Sold by
Ceb Llc
Bought by
Chao Elmer and Yi David X
Seller's Agent
Phyllis Patterson
TTR Sotheby's International Realty
Buyer's Agent
Phyllis Patterson
TTR Sotheby's International Realty
List Price
$995,000
Sold Price
$1,050,000
Premium/Discount to List
$55,000
5.53%
Current Estimated Value
$1,450,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,792
Avg. Annual Appreciation
5.24%

Purchase Details

Closed on
Jan 23, 2018
Sold by
Collum Joseph F and Collum Jennifer J
Bought by
Ceb Llc A Virginia Limited Liability Com

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2006
Sold by
Light Otis T
Bought by
Collum Joseph F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Chao Elmer $1,050,000 Attorney
Ceb Llc A Virginia Limited Liability Com $900,000 Attorney
Collum Joseph F $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ceb Llc A Virginia Limited Liability Com $675,000
Previous Owner Ceb Llc A Virginia Limited Liability Com $225,000
Previous Owner Collum Joseph F $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2022 04/07/22 Sold $1,367,000 0.0% $654 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/08/2022 03/08/22 Off Market $1,367,000 -- --
03/01/2022 03/01/22 For Sale $1,299,000 +23.7% $622 / Sq Ft
04/30/2019 04/30/19 Sold $1,050,000 +5.5% $601 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $995,000 -- $569 / Sq Ft
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
2025 $17,611 $1,279,977 $813,750 $466,227
2024 $17,611 $1,347,583 $931,700 $415,883
2023 $14,958 $1,347,583 $931,700 $415,883
2022 $13,983 $1,259,704 $847,000 $412,704
2021 $12,594 $1,134,610 $770,000 $364,610
2020 $14,431 $1,064,610 $700,000 $364,610
2019 $12,030 $1,064,610 $700,000 $364,610
2018 $12,632 $1,117,846 $684,872 $432,974
2017 $11,321 $1,001,841 $570,727 $431,114
2016 $10,750 $1,001,841 $570,727 $431,114
2015 $9,908 $949,957 $518,843 $431,114
2014 $9,965 $955,416 $518,843 $436,573
Source: Public Records

Agents Affiliated with this Home

  • Phyllis Patterson

    Seller's Agent in 2022

    Phyllis Patterson

    TTR Sotheby's International Realty

    (703) 310-6201

    23 in this area

    548 Total Sales

    Phyllis Patterson
    Section Image
  • Josh Dukes

    Buyer's Agent in 2022

    Josh Dukes

    KW Metro Center

    (703) 867-0939

    4 in this area

    318 Total Sales

    Josh Dukes
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: VAAX2009946

Bright MLS

APN: 074.01-03-29

Virginia Alexandria County Alexandria 22314 Parker-Gray

1223 Prince St, Alexandria, VA

This home is located at 1223 Prince St, Alexandria, VA 22314 since 01 March 2022 and is currently estimated at $1,450,792, approximately $694 per square foot. This property was built in 1900. 1223 Prince St is a home located in Alexandria City with nearby schools including Lyles-Crouch Elementary, George Washington Middle School, and Alexandria City High School.

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