NOT LISTED FOR SALE

1503 Lincoln Way Unit 101B McLean, VA 22102

Tysons Corner Neighborhood

Estimated Value: $390,729 - $393,000

2 Beds
2 Baths
1,050 Sq Ft
$366/mo HOA Fee

Last Sold February 26, 2013

Last sale price $359,000 $342 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,886/month

3 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Wood Flooring
  • Spring Hill Elementary School Rated A
  • Contemporary Architecture
  • Main Floor Bedroom

About This Home

As of February 2013

Fantastic renovated 2 bed/2 bath condo with parking & walk to new Metro! Nothing to do but move in, unique and quality renovation features throughout, tranquil rear porch facing pond, granite counters, SS appliances, extensive tile & stonework, WI closets, and beautiful hardwoods. Easy access to Tysons shopping and major commuting routes, FatM incl pool, clubhouse, fitness ctr, tennis & bball

Last Listed By

Michael Burns

RE/MAX Allegiance Listed on: 01/08/2013

RE/MAX Allegiance

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,047

Year Built

  • Built in 1988

Lot Details

  • Property is in very good condition

HOA Fees

  • $366 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,050 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Chair Railings
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Parking Space Number Location: 22
  • Surface Parking
  • 1 Assigned Parking Space

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 29-2-18-1-101B

Community Details

Overview

  • Moving Fees Required
  • Association fees include common area maintenance, exterior building maintenance, management, insurance, parking fee, pool(s), road maintenance, snow removal, trash, water
  • Low-Rise Condominium
  • Fountains At Mcl Community
  • The community has rules related to alterations or architectural changes, antenna installations, moving in times, parking rules

Amenities

  • Common Area
  • Sauna
  • Party Room

Recreation

  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,047

Year Built

Built in 1988

Lot Details

0

HOA Fees

$366 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Family Room Off Kitchen, Chair Railings, Entry Level Bedroom, Upgraded Countertops, Window Treatments, Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: 1st Floor
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Master Bedroom, Bedroom 2, Kitchen
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1050
  • Living Area Sq Ft: 1050
  • Price Per Sq Ft: 341.90
  • Above Grade Finished Sq Ft: 1050
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Surface
  • Parking Space Number Assigned: 22

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 366.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Basketball Courts, Common Grounds, Exercise Room, Party Room, Pool - Outdoor, Sauna, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Insurance, Parking Fee, Pool(s), Road Maintenance, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Antenna, Elevator Use, Moving Fees Required, Moving In Times, Parking, Pets - Allowed
  • HOA: No

Lot Info

  • Improvement Assessed Value: 222050.00
  • Land Assessed Value: 56000.00
  • Property Condition: Very Good
  • Year Assessed: 2012
  • Zoning: 230

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 19525018
  • Tax Annual Amount: 3047.43
  • Assessor Parcel Number: 29-2-18-1-101B
  • Tax Page Number: 292
  • Tax Total Finished Sq Ft: 1050
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012
  • Close Date: 02/26/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2013
Closed on
Feb 26, 2013
Sold by
Mcelwee Brooke
Bought by
Kayasth Swati S
Seller's Agent
Michael Burns
RE/MAX Allegiance
Buyer's Agent
Jeff Wu
Keller Williams Capital Properties
List Price
$359,000
Sold Price
$359,000
Total Days on Market
3
Current Estimated Value
$391,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,865
Avg. Annual Appreciation
0.61%
Original Mortgage
$287,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2008
Sold by
Conforti Adrian F
Bought by
Mcelwee Brooke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,600
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2005
Sold by
Valencia Christian
Bought by
Conforti Adrian F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.05%
Mortgage Type
New Conventional

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
Kayasth Swati S $359,000 --
Mcelwee Brooke $357,000 --
Conforti Adrian F $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kayasth Swati B $210,000
Closed Kayasth Swati S $287,000
Previous Owner Mcelwee Brooke $285,600
Previous Owner Mcelwee Brooke $53,550
Previous Owner Conforti Adrian F $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2013 02/26/13 Sold $359,000 0.0% $342 / Sq Ft
01/11/2013 01/11/13 Pending -- -- --
01/09/2013 01/09/13 For Sale $359,000 0.0% $342 / Sq Ft
01/08/2013 01/08/13 Off Market $359,000 -- --
01/08/2013 01/08/13 For Sale $349,000 -- $332 / 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
2024 $4,170 $345,030 $69,000 $276,030
2023 $3,730 $316,540 $63,000 $253,540
2022 $4,019 $336,740 $67,000 $269,740
2021 $4,120 $336,740 $67,000 $269,740
2020 $4,238 $343,610 $69,000 $274,610
2019 $4,238 $343,610 $68,000 $275,610
2018 $3,470 $301,760 $60,000 $241,760
2017 $3,769 $311,240 $62,000 $249,240
2016 $3,923 $324,620 $65,000 $259,620
2015 $3,902 $334,660 $67,000 $267,660
2014 $3,785 $328,100 $66,000 $262,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003295368

Bright MLS

APN: 0292-18010101B