NOT LISTED FOR SALE

1504 Lincoln Way Unit 218 McLean, VA 22102

Tysons Corner Neighborhood

Estimated Value: $378,066 - $397,000

2 Beds
2 Baths
969 Sq Ft
$894/mo HOA Fee

Last Sold October 03, 2023

Last sale price $375,000 $387 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,246/month

13 Days on Market

Highlights

  • Fitness Center
  • View of Trees or Woods
  • Clubhouse
  • Spring Hill Elementary School Rated A
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of October 2023

LIST of RENOVATIONS/REPLACEMENTS done by SELLER inside the unit, worth $55K: Built-in wardrobe for both bedroom's walk-in closets ** shower/tub glass enclosures, floating vanities, plumbing fixtures, light fixtures for both bathrooms, shower tub removed for hall bathroom to incorporate a walk-in-shower ** slide-in-range concept removed to have a separate built-in cook top & separate built-in oven, glossy side by side refrigerator w/water & ice dispenser, built-in microwave, dishwasher, washer/dryer ** glossy european architecture cabinets (bulk head @ ceiling removed to incorporate taller cabinets), drawers within drawers for cutlery shelves, buffet bar island removed to open the kitchen area & to make a flat eating island, white quartz countertop, white fireclay ceramic sink w/white pull down faucet, silver backsplash, undermount cabinet lights, pendent lights, track lights ** recessed lights in liv/din area, fans in both bedrooms ** luxury vinyl plank (LVP) waterproof flooring thru out, wider baseboards, window trims ** flat panel doors, lited flat panel doors for both bedrooms, pocket door for washer & dryer closet, chrome hardware for doors ** switches & outlets ** mirror wall plates ** 2 HDMI's for TV wall mounts ** vertical blinds for sliding patio door ** Freshly painted |

UNIT: 2 bedrms , 2 bathrms w/covered balcony & an attached storage area |

UNIT'S PARKING SPACES: Unit 218 has TWO parking spaces . ONE "RESERVED" secure underground garage parking space, (RESERVED 19) in the same 1504 building + ONE "UNRESERVED" parking space to park anywhere in the community (inside 1504 garage or community parking lot) where a parking space JUST dispays a NUMBER & plenty of such spaces are available thru out the community. Besides the above spaces, many GUEST parking spaces are available for visitors & are labelled "GUEST PARKING" in the community parking lot |

CONDO LOCATION: Condo is located in a SECURED GATED building that has four entrances; not all buildings @ Fountains are gated, the only two secured gated buildings are 1504 & 1524. 1504 is the closest building to community's club house. These building have two elevators, secure garage parking, secure mailboxes & own trash chute |

AMENTIES: Onsite management office, clubhouse w/fitness center, spa, party room, pool table, outdoor swimming pool w/life guard, car wash station, grilling stations behind bldgs 1511, 1527 & by the side of bldg 1533 |

CONDO FEE: Condo Fee INCREASED in year 2019 for a temporary period time frame (4 to 5 years; we are almost at the end) to fund necessary projects, repairs & maintenance. Completed projects - Windows, balcony sliding doors (2021/22), water boiler (2021), trash area renovation, siding, paving, stairs, concrete work, garages, courtyard waterproofing, drainage, roof, & much much more. Many of the larger projects have been completed and the condo fee to adjust this year. The discussion will be held at October 2023 board meeting. Water & Sewer included in condo fee. Only utility to pay is Electricity. A pet-friendly community |

FAM LOCATION: Walking distance to Harris Teeter (24 hours), Starbucks, few blocks away to Wegmans. Close to major routes like International Dr, Jones Branch, 267 Toll Rd, Rte 123, 7, 66 & 495/495 express. Easy access to Spring Hill Rec Center, Freddie Mac, Basis Independent Private School, Kaiser Permanente Medical Center, Tysons Bus Transit Station, Tysons Galleria, Tysons Corner Centre, Sport & Health, Offices, Restaurants, and much more |

Last Agent to Sell the Property

Sri Meka

(703) 508-9205 priyameka@gmail.com Franklin Realty LLC License #0225080443 Listed on: 08/11/2023

Last Buyer's Agent

Stefanie Hurley

(732) 859-7949 stefanie.hurley@compass.com Compass License #0225247918

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,807

Year Built

  • Built in 1988

Lot Details

  • Property is in excellent condition

HOA Fees

  • $894 Monthly HOA Fees

Parking

  • 1 Assigned Subterranean Space
  • Parking Lot
  • Parking Permit Included

Property Views

  • Woods
  • Courtyard

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Aluminum Siding

Interior Spaces

  • 969 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Galley Kitchen
  • Oven
  • Cooktop
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • More Than Two Accessible Exits

Schools

  • Spring Hill Elementary School
  • Longfellow Middle School
  • Mclean High School

Utilities

  • Central Heating and Cooling System
  • Water Dispenser
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0292 18020218

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, pool(s), road maintenance, sewer, snow removal, trash, water, insurance
  • 2 Elevators
  • Mid-Rise Condominium
  • The Fountains At Mclean Condos
  • Fountains At Mclean Community
  • Fountains At Mclean Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Common Area
  • Sauna
  • Clubhouse
  • Game Room
  • Billiard Room
  • Community Center
  • Meeting Room
  • Party Room
  • Recreation Room

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,807

Year Built

Built in 1988

Lot Details

0

HOA Fees

$894 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary, Unit/Flat
  • Accessibility Features: Elevator, 2+ Access Exits
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-08-11
  • Federal Flood Zone: No
  • Year Built: 1988
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Dryer, Disposal, Oven - Single, Washer, Icemaker, Refrigerator, Water Dispenser
  • Entry Floor: 2
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley, Kitchen - Island, Pantry, Primary Bath(s), Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Door Features: Sliding Glass
  • Elevators Count: 2
  • Levels Count: 4
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Foyer, Bathroom 2, Primary Bathroom
  • Basement: No
  • Laundry Type: Dryer In Unit, Has Laundry, Washer In Unit
  • Total Sq Ft: 969
  • Living Area Sq Ft: 969
  • Price Per Sq Ft: 397.32
  • Above Grade Finished Sq Ft: 969
  • 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, Below Grade
  • Construction Materials: Aluminum Siding
  • View: Courtyard, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Permit Included
  • Garage Features: Covered Parking, Underground
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage, Parking Lot
  • Parking Garage Number Of Spaces: 1
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 894.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Fountains At McLean
  • HOA Condo Co-Op Amenities: Club House, Exercise Room, Fitness Center, Party Room, Billiard Room, Common Grounds, Community Center, Game Room, Meeting Room, Picnic Area, Pool - Outdoor, Recreational Center, Reserved/Assigned Parking, Sauna, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Road Maintenance, Sewer, Snow Removal, Trash, Water, Insurance
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: SPRING HILL
  • High School: MCLEAN
  • Middle Or Junior School: LONGFELLOW

Lot Info

  • Property Condition: Excellent
  • Zoning: 230
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3807.00
  • Assessor Parcel Number: 0292 18020218
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: FAIRFAX COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Sep 29, 2023
Sold by
Meka Srinivasa Rao and Meka Sri Haripriya
Bought by
Ocampo Adrian and Ocampo Gay
Seller's Agent
Sri Meka
Franklin Realty LLC
Buyer's Agent
Stefanie Hurley
Compass
List Price
$385,000
Sold Price
$375,000
Premium/Discount to List
-$10,000
-2.6%
Views
307
Current Estimated Value
$385,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,267
Avg. Annual Appreciation
1.31%
Original Mortgage
$356,250
Outstanding Balance
$349,389
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$35,878

Purchase Details

Listed on
Mar 10, 2016
Closed on
Aug 3, 2016
Sold by
The Majlessi Family Trust Dated Septembe
Bought by
Meka Srinivasa Rao and Meka Sri Haripriya
Seller's Agent
Jeff Wu
Keller Williams Capital Properties
Buyer's Agent
Sri Meka
Franklin Realty LLC
List Price
$340,000
Sold Price
$329,500
Premium/Discount to List
-$10,500
-3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.82%
Original Mortgage
$263,600
Interest Rate
3.56%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 22, 2002
Sold by
Fountains At Mclean Llc
Bought by
Majlessi Heshmat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,600
Interest Rate
6.2%
Source: Public Records

Range of Values:

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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
Ocampo Adrian $375,000 Old Republic National Title In
Meka Srinivasa Rao $329,500 Key Title
Majlessi Heshmat $279,537 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocampo Adrian $356,250
Previous Owner Meka Srinivasa Rao $263,600
Previous Owner Majlessi Heshmat $223,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2023 10/03/23 Sold $375,000 -2.6% $387 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $385,000 0.0% $397 / Sq Ft
10/24/2022 10/24/22 Rented $2,400 +4.3% --
09/01/2022 09/01/22 For Rent $2,300 0.0% --
10/12/2021 10/12/21 Rented $2,300 0.0% --
10/09/2021 10/09/21 Under Contract -- -- --
09/27/2021 09/27/21 For Rent $2,300 0.0% --
10/10/2020 10/10/20 Rented $2,300 0.0% --
10/09/2020 10/09/20 Under Contract -- -- --
08/25/2020 08/25/20 For Rent $2,300 0.0% --
02/29/2020 02/29/20 Rented $2,300 0.0% --
02/27/2020 02/27/20 Under Contract -- -- --
02/25/2020 02/25/20 For Rent $2,300 -2.1% --
01/22/2019 01/22/19 Rented $2,350 0.0% --
01/21/2019 01/21/19 Under Contract -- -- --
01/21/2019 01/21/19 Price Changed $2,350 -2.1% $2 / Sq Ft
01/18/2019 01/18/19 For Rent $2,400 0.0% --
08/04/2016 08/04/16 Sold $329,500 -3.1% $340 / Sq Ft View Prior Sale
06/13/2016 06/13/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $340,000 -- $351 / 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 $4,021 $336,050 $67,000 $269,050
2024 $4,021 $332,720 $67,000 $265,720
2023 $3,807 $323,030 $65,000 $258,030
2022 $3,694 $323,030 $65,000 $258,030
2021 $4,296 $351,120 $70,000 $281,120
2020 $4,205 $340,890 $68,000 $272,890
2019 $4,043 $327,780 $63,000 $264,780
2018 $3,624 $315,170 $63,000 $252,170
2017 $3,745 $309,230 $62,000 $247,230
2016 $3,430 $283,820 $57,000 $226,820
2015 $3,598 $308,540 $62,000 $246,540
2014 $3,787 $328,280 $66,000 $262,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAFX2142522

Bright MLS

APN: 0292-18020218