1729 Olney Rd Falls Church, VA 22043
Pimmit Hills NeighborhoodEstimated payment $4,757/month
About This Lot
Introducing 1729 Olney Rd, a standout property in the sought-after Pimmit Hills neighborhood. This nearly quarter-acre rectangular lot is ideally suited for new construction, offering a rare opportunity in one of Northern Virginia’s most active redevelopment markets. The property currently features a two-level home with over 1,000 finished sq. ft. above grade plus a finished basement. The residence includes 3 bedrooms, 1 full bath, gas and electric service, and public water & sewer. While the existing home could be renovated, a great deal of value lies in the lot’s size, shape, and potential for a custom build that maximizes both space and return on investment. Located in the Marshall High School (IB Diploma program) pyramid with Kilmer Middle School and Westgate Elementary, the property also offers unmatched convenience—just minutes to Tysons, Falls Church, and major commuter routes (Route 7, Route 123, I-66, and I-495), along with easy access to shopping, dining, and area amenities. 1729 Olney Rd presents exceptional flexibility and strong upside potential—an excellent foundation for your next successful project in a premier community.
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,425
Lot Details
- 9,195 Sq Ft Lot
- Property is zoned 140
Schools
- Westgate Elementary School
- Kilmer Middle School
- Marshall High School
Community Details
- No Home Owners Association
- Olney Park Subdivision
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 0303 18 0007
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,723 | $666,620 | $337,000 | $329,620 |
| 2023 | $7,175 | $635,810 | $327,000 | $308,810 |
| 2022 | $6,776 | $592,570 | $308,000 | $284,570 |
| 2021 | $6,213 | $529,440 | $270,000 | $259,440 |
| 2020 | $5,865 | $495,600 | $270,000 | $225,600 |
| 2019 | $5,681 | $480,030 | $261,000 | $219,030 |
| 2018 | $5,343 | $464,600 | $256,000 | $208,600 |
| 2017 | $5,227 | $450,240 | $251,000 | $199,240 |
| 2016 | $5,216 | $450,240 | $251,000 | $199,240 |
| 2015 | $4,660 | $417,580 | $226,000 | $191,580 |
| 2014 | $4,460 | $400,580 | $209,000 | $191,580 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $750,000 | -- | $702 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Available |
Source: Bright MLS
MLS Number: VAFX2265030
APN: 0303-18-0007
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