NOT LISTED FOR SALE

181 E Reed Ave, Unit 304 Alexandria, VA 22305

Potomac West Neighborhood

Estimated Value: $538,000 - $579,027

2 Beds
2 Baths
1,097 Sq Ft
$578/mo HOA Fee

Last Sold July 15, 2021

Last sale price $495,000 $451 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,083/month

Highlights

  • Fitness Center
  • Open Floorplan
  • Contemporary Architecture
  • Gourmet Kitchen
  • Deck
  • 1-minute walk to Ruby Tucker Park

About This Home

As of July 2021

Potomac Yards has it all! Just over a mile to the new Amazon headquarters, the Pentagon, and Reagan National Airport; across the street from the new Potomac Yards metro stop, Virginia Tech Innovation Campus, and access to the Four Mile Run and Mount Vernon trails. Find your new home in this beautifully maintained, move-in ready 2 bd 2 ba unit in the Preston Condominium. This spacious, freshly painted unit offers granite countertops with a central island for entertaining, private balcony to watch sunset, an updated in-suite bathroom as well as new carpet, in the primary bedroom and walk-in closet. This beautiful unit comes with a rarity; 2 assigned parking spaces in a secure underground garage. The Preston offers a fitness center, meeting/party room, secure bike storage, private storage lockers, and a spacious rooftop. Not only will you want to call this home, so will your pets as this is the only building in the area with no pet restrictions.

Last Agent to Sell the Property

Anna-Louisa Yon

Compass Listed on: 06/18/2021

Compass

Last Buyer's Agent

Anna-Louisa Yon

Compass Listed on: 06/18/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,417

Year Built

  • Built in 2003

Lot Details

  • 0.45

HOA Fees

  • $578 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Basement Garage
  • Parking Lot
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Masonry

Interior Spaces

  • 1,097 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Window Treatments
  • Dining Area

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Deck
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 016.01-0A-304

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, health club, lawn care front, lawn care rear, lawn care side, lawn maintenance, reserve funds, security gate, sewer, snow removal, trash, water
  • Low-Rise Condominium
  • Preston Community
  • Potomac Yards Subdivision

Amenities

  • Common Area
  • Game Room
  • Billiard Room
  • Meeting Room

Recreation

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,417

Year Built

Built in 2003

Lot Details

0

HOA Fees

$578 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Remarks Public: Potomac Yards has it all! Just over a mile to the new Amazon headquarters, the Pentagon, and Reagan National Airport; across the street from the new Potomac Yards metro stop, Virginia Tech Innovation Campus, and access to the Four Mile Run and Mount Vernon trails. Find your new home in this beautifully maintained, move-in ready 2 bd 2 ba unit in the Preston Condominium. This spacious, freshly painted unit offers granite countertops with a central island for entertaining, private balcony to watch sunset, an updated in-suite bathroom as well as new carpet, in the primary bedroom and walk-in closet. This beautiful unit comes with a rarity; 2 assigned parking spaces in a secure underground garage. The Preston offers a fitness center, meeting/party room, secure bike storage, private storage lockers, and a spacious rooftop. Not only will you want to call this home, so will your pets as this is the only building in the area with no pet restrictions.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Gas, Refrigerator, Stove, Washer
  • Entry Floor: 3
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Breakfast Area, Dining Area, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Stall Shower, Tub Shower, Window Treatments, Wood Floors
  • Wall Ceiling Types: High
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1097
  • Living Area Sq Ft: 1097
  • Price Per Sq Ft: 451.23
  • Above Grade Finished Sq Ft: 1097
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 181

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: Masonry
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Basement Garage, Built In, Covered Parking, Inside Access, Underground
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Off Street, Parking Lot

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: 578.33
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Billiard Room, Common Grounds, Elevator, Exercise Room, Extra Storage, Fitness Center, Game Room, Meeting Room, Storage Bin
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Health Club, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Reserve Funds, Security Gate, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District: ALEXANDRIA CITY PUBLIC SCHOOLS
  • School District Key: 121139111593
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 313238.00
  • Land Assessed Value: 166163.00
  • Land Use Code: 014
  • Outdoor Living Structures: Balcony, Roof, Deck(s)
  • Year Assessed: 2021
  • Zoning: CRMU/M
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 18319353
  • Tax Annual Amount: 5417.00
  • Assessor Parcel Number: 016.01-0A-304
  • Tax Total Finished Sq Ft: 1097
  • Tax Year: 2021
  • Close Date: 07/15/2021

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Jul 15, 2021
Sold by
Zilmer Frederik G and Traeger Hayley S
Bought by
Sparrow Alanna
Seller's Agent
Anna-Louisa Yon
Compass
Buyer's Agent
Anna-Louisa Yon
Compass
List Price
$495,000
Sold Price
$495,000
Current Estimated Value
$550,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,007
Avg. Annual Appreciation
5.10%
Original Mortgage
$506,385
Outstanding Balance
$462,444
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$144,472

Purchase Details

Listed on
Oct 12, 2016
Closed on
Feb 24, 2017
Sold by
Wilkes Street Llc A Virginia Limited Lia
Bought by
Zilmer Frederik G and Traeger Hayley S
Seller's Agent
Donna Cramer
Corcoran McEnearney
Buyer's Agent
Delaine Campbell
Redfin Corporation
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$360,000
Interest Rate
4.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Sparrow Alanna $495,000 Kvs Title Llc
Zilmer Frederik G $400,000 Title Resources Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sparrow Alanna $506,385
Previous Owner Zilmer Frederik G $360,000
Previous Owner Wilkes Street Llc $367,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $495,000 0.0% $451 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $495,000 +23.8% $451 / Sq Ft
02/24/2017 02/24/17 Sold $400,000 0.0% $365 / Sq Ft
02/02/2017 02/02/17 Pending -- -- --
01/17/2017 01/17/17 Price Changed $400,000 -3.6% $365 / Sq Ft
10/12/2016 10/12/16 For Sale $415,000 -- $378 / 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 $6,094 $529,093 $202,605 $326,488
2024 $6,094 $529,093 $202,605 $326,488
2023 $5,873 $529,093 $202,605 $326,488
2022 $5,626 $506,859 $193,621 $313,238
2021 $5,321 $479,401 $166,163 $313,238
2020 $5,108 $462,365 $158,250 $304,115
2019 $4,913 $434,798 $147,897 $286,901
2018 $4,526 $400,520 $134,452 $266,068
2017 $4,744 $419,780 $141,529 $278,251
2016 $4,423 $412,227 $138,754 $273,473
2015 $3,901 $374,020 $126,140 $247,880
2014 $4,204 $403,103 $126,140 $276,963
Source: Public Records

Agents Affiliated with this Home

  • Anna-Louisa Yon

    Seller's Agent in 2021

    Anna-Louisa Yon

    Compass

    (301) 461-3701

    1 in this area

    135 Total Sales

    Anna-Louisa Yon
    Section Image
  • Donna Cramer

    Seller's Agent in 2017

    Donna Cramer

    McEnearney Associates

    (703) 627-9578

    48 Total Sales

    Donna Cramer
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: VAAX2000274

Bright MLS

APN: 016.01-0A-304

Virginia Alexandria County Alexandria 22305 Potomac West

181 E Reed Ave Unit 304, Alexandria, VA

This home is located at 181 E Reed Ave Unit 304, Alexandria, VA 22305 since 18 June 2021 and is currently estimated at $550,007, approximately $501 per square foot. This property was built in 2003. 181 E Reed Ave Unit 304 is a home located in Alexandria City with nearby schools including Cora Kelly Magnet Elementary, George Washington Middle School, and Alexandria City High School.

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