NOT LISTED FOR SALE

1577 N Colonial Terrace Unit 205Y Arlington, VA 22209

Estimated Value: $306,104 - $395,000

1 Bed
1 Bath
594 Sq Ft
$350/mo HOA Fee

Last Sold August 25, 2023

Last sale price $307,500 $518 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,497/month

4 Days on Market

Highlights

  • Colonial Architecture
  • Open Floorplan
  • Dogs and Cats Allowed
  • Dorothy Hamm Middle School Rated A
  • Laundry Facilities
  • Community Storage Space

About This Home

As of August 2023

Amazing value and investment with super location...and pretty as a picture- this updated 1 BR/1BA plus a charming balcony, has it all. Open living room with space for lounging and work-from-home area. Lovely kitchen nook with sliding glass doors to the balcony with views of Georgetown. The large Bedroom has a full wall of closets and the unit includes parking and separate storage. Walk across the bridge to Georgetown, stroll to Rosslyn Metro ,restaurants and shops —it is all there for easy city living with low condo fees- perfection!

Last Agent to Sell the Property

Meredith Margolis

Compass Listed on: 08/10/2023

Compass

Last Buyer's Agent

Daisy Lacy

Compass License #5012808

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,331

Year Built

  • Built in 1956

Lot Details

  • 1.89

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 1 Off-Street Space

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 594 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Schools

  • Innovation Elementary School
  • Dorothy Hamm Middle School
  • Yorktown High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 16-014-156

Community Details

Overview

  • Association fees include lawn maintenance, management, reserve funds, water, sewer, trash, gas, heat, snow removal
  • Low-Rise Condominium
  • Georgetown Vista Condos
  • Georgetown Vista Community
  • Georgetown Vista Subdivision
  • Property Manager

Amenities

  • Common Area
  • Laundry Facilities
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,331

Year Built

Built in 1956

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial, Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1956
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 2
  • Interior Amenities: Combination Kitchen/Dining, Combination Dining/Living
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 594
  • Living Area Sq Ft: 594
  • Price Per Sq Ft: 521.89
  • Above Grade Finished Sq Ft: 594
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1577

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • 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: 350.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Georgetown Vista
  • HOA Condo Co-Op Amenities: Common Grounds, Extra Storage, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Management, Reserve Funds, Water, Sewer, Trash, Gas, Heat, Snow Removal
  • HOA: No
  • Senior Community: No

Schools

  • School District: ARLINGTON COUNTY PUBLIC SCHOOLS
  • Elementary School: INNOVATION
  • Middle School: DOROTHY HAMM
  • High School: YORKTOWN
  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: Listing Agent
  • School District Key: 121141631475
  • School District Source: 3rd Party
  • Elementary School: INNOVATION
  • High School: YORKTOWN
  • Middle Or Junior School: DOROTHY HAMM

Lot Info

  • Land Use Code: 006
  • Year Assessed: 2022
  • Zoning: RA6-15
  • In City Limits: No

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3331.00
  • Assessor Parcel Number: 16-014-156
  • Tax Total Finished Sq Ft: 594
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 08/25/2023

MLS Schools

  • School District Name: ARLINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2003
Sold by
Groover Charles
Bought by
Peter Molly
Current Estimated Value
$346,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,500
Outstanding Balance
$69,519
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$266,637
Source: Public Records

Range of Values:

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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
Peter Molly $194,000 --
Peter Molly $194,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peter Molly $145,500
Closed Peter Molly $145,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $307,500 -0.8% $518 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $310,000 -- $522 / 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 $3,144 $304,400 $51,700 $252,700
2024 $3,144 $304,400 $51,700 $252,700
2023 $3,135 $304,400 $51,700 $252,700
2022 $3,331 $323,400 $51,700 $271,700
2021 $3,331 $323,400 $51,700 $271,700
2020 $3,019 $294,300 $26,400 $267,900
2019 $3,019 $294,300 $26,400 $267,900
2018 $2,907 $289,000 $26,400 $262,600
2017 $2,881 $286,400 $26,400 $260,000
2016 $2,789 $281,400 $26,400 $255,000
2015 $2,803 $281,400 $26,400 $255,000
2014 $2,498 $250,800 $26,400 $224,400
Source: Public Records

Agents Affiliated with this Home

  • Meredith Margolis

    Seller's Agent in 2023

    Meredith Margolis

    Compass

    (202) 607-5877

    4 in this area

    289 Total Sales

    Meredith Margolis
    Section Image
  • Daisy Lacy

    Buyer's Agent in 2023

    Daisy Lacy

    Compass

    (202) 550-1040

    1 in this area

    16 Total Sales

    Daisy Lacy
    Section Image
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Map

Source: Bright MLS

MLS Number: VAAR2034608

Bright MLS

APN: 16-014-156

Virginia Arlington County Arlington 22209

1577 N Colonial Terrace Unit 205Y, Arlington, VA

This home is located at 1577 N Colonial Terrace Unit 205Y, Arlington, VA 22209 since 10 August 2023 and is currently estimated at $346,026, approximately $582 per square foot. This property was built in 1956. 1577 N Colonial Terrace Unit 205Y is a home located in Arlington County with nearby schools including Innovation Elementary School, Dorothy Hamm Middle School, and Yorktown High School.

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