NOT LISTED FOR SALE

181 E Reed Ave, Unit 403 Alexandria, VA 22305

Potomac West Neighborhood

Estimated Value: $453,000 - $503,000

1 Bed
1 Bath
908 Sq Ft
$479/mo HOA Fee

Last Sold May 25, 2021

Last sale price $415,000 $457 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,494/month

3 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Main Floor Bedroom
  • Penthouse
  • Wood Flooring
  • 1-minute walk to Ruby Tucker Park

About This Home

As of May 2021

Welcome Home to the Preston! This is an Excellent opportunity to live in Potomac Yards. 403 is a top floor corner unit with an open floorplan. Just a few of the amazing items this unit has to offer are: a 20 foot private balcony, 11 Ft Ceilings, gas log fireplace, kitchen island, Elfa shelving in both the walk in closet in the bedroom and the hall coat closet, upgraded Italian chandelier, Front loading washer and dryer and so much more. The Preston is full of great amenities such as: A roof top with views of the city, a court yard, bike storage, a storage unit specifically for unit 403, 2 parking spaces in the secure garage, lobby and gym.

Last Agent to Sell the Property

Lauren Hwang

Century 21 Redwood Realty Listed on: 04/23/2021

Last Buyer's Agent

Brock Thompson

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,296

Year Built

  • Built in 2003

Lot Details

  • Sprinkler System

HOA Fees

  • $479 Monthly HOA Fees

Parking

  • 2 Assigned Parking Garage Spaces
  • Secure Parking

Home Design

  • Penthouse
  • Masonry

Interior Spaces

  • 908 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Self Contained Fireplace Unit Or Insert
  • Fireplace With Glass Doors
  • Gas Fireplace
  • French Doors
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Wood Flooring
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps

Outdoor Features

  • Brick Porch or Patio
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 016.01-0A-403

Community Details

Overview

  • $250 Elevator Use Fee
  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, insurance, management, parking fee, reserve funds, sewer, snow removal, trash, water
  • Low-Rise Condominium
  • The Preston Condos, Phone Number (703) 565-0042
  • Preston Community
  • Preston Subdivision
  • Property Manager

Amenities

  • Common Area
  • Billiard Room
  • Meeting Room
  • 2 Elevators

Recreation

Security

  • Security Service
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,296

Year Built

Built in 2003

Lot Details

0

HOA Fees

$479 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: No Stairs, Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2003
  • Automatically Close On Close Date: Yes
  • Remarks Public: Welcome Home to the Preston! This is an Excellent opportunity to live in Potomac Yards. 403 is a top floor corner unit with an open floorplan. Just a few of the amazing items this unit has to offer are: a 20 foot private balcony, 11 Ft Ceilings, gas log fireplace, kitchen island, Elfa shelving in both the walk in closet in the bedroom and the hall coat closet, upgraded Italian chandelier, Front loading washer and dryer and so much more. The Preston is full of great amenities such as: A roof top with views of the city, a court yard, bike storage, a storage unit specifically for unit 403, 2 parking spaces in the secure garage, lobby and gym.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Disposal, Dishwasher, Dryer - Front Loading, Water Heater, Washer/Dryer Stacked, Washer - Front Loading, Stove, Refrigerator, Oven/Range - Gas, Icemaker, Exhaust Fan
  • Entry Floor: 4
  • Interior Amenities: Flat, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Dining Area, Recessed Lighting, Sprinkler System, Tub Shower, Walk-In Closet(s), Wood Floors
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane, Insert
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French
  • Elevators Count: 2
  • Wall Ceiling Types: 9'+ Ceilings, High
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen, Bedroom 1, Bathroom 1
  • Basement: No
  • Laundry Type: Has Laundry, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 908
  • Living Area Sq Ft: 908
  • Price Per Sq Ft: 439.43
  • Above Grade Finished Sq Ft: 908
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 181

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: Masonry
  • Exterior Features: Secure Storage
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned, Private, Secure Parking
  • Garage Features: Inside Access
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby, Resident Manager, Security System, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 479.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Preston
  • Condo Co-Op Phone: 703.565.0042
  • Elevator Use Fee: 250.00
  • HOA Condo Co-Op Amenities: Billiard Room, Common Grounds, Elevator, Exercise Room, Extra Storage, Fitness Center, Meeting Room, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Parking Fee, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site, Professional - Off-Site
  • 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: 242703.00
  • Land Assessed Value: 137486.00
  • Land Use Code: 014
  • Outdoor Living Structures: Balcony, Brick, Roof
  • Year Assessed: 2021
  • Zoning: CRMU/M
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 18320052
  • Tax Annual Amount: 4296.00
  • Assessor Parcel Number: 016.01-0A-403
  • Tax Page Number: 14900
  • Tax Total Finished Sq Ft: 908
  • Tax Data Updated: Yes
  • Tax Year: 2021
  • Close Date: 05/25/2021

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
May 21, 2021
Sold by
Donnelly Jereme Jon
Bought by
Yandrick Matthew
Seller's Agent
Lauren Hwang
Century 21 Redwood Realty
Buyer's Agent
Brock Thompson
Compass
List Price
$499,000
Sold Price
$415,000
Premium/Discount to List
-$84,000
-16.83%
Current Estimated Value
$472,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,728
Avg. Annual Appreciation
3.16%
Original Mortgage
$225,000
Outstanding Balance
$204,900
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$267,828

Purchase Details

Listed on
Jul 28, 2016
Closed on
Sep 26, 2016
Sold by
Becker Michael W
Bought by
Donnelly Jereme Jon
Seller's Agent
Phyllis Patterson
TTR Sotheby's International Realty
Buyer's Agent
Lauren Hwang
Century 21 Redwood Realty
List Price
$389,000
Sold Price
$389,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.40%
Original Mortgage
$369,550
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2006
Sold by
Cingle Pamela L
Bought by
Becker Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,600
Interest Rate
6.33%
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
Yandrick Matthew $415,000 Paragon Title & Escrow Co
Donnelly Jereme Jon $389,000 Attorney
Becker Michael W $327,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yandrick Matthew $225,000
Previous Owner Donnelly Jereme Jon $369,550
Previous Owner Becker Michael W $261,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2021 05/25/21 Sold $415,000 +4.0% $457 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/23/2021 04/23/21 Price Changed $399,000 -20.0% $439 / Sq Ft
04/23/2021 04/23/21 For Sale $499,000 0.0% $550 / Sq Ft
03/31/2020 03/31/20 Rented $2,150 -2.3% --
03/15/2020 03/15/20 Price Changed $2,200 -2.2% $2 / Sq Ft
02/05/2020 02/05/20 For Rent $2,250 +2.3% --
08/09/2019 08/09/19 Rented $2,200 0.0% --
07/30/2019 07/30/19 Price Changed $2,200 -2.2% $2 / Sq Ft
07/10/2019 07/10/19 For Rent $2,250 0.0% --
09/26/2016 09/26/16 Sold $389,000 0.0% $428 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $389,000 -- $428 / 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 $4,862 $420,608 $167,639 $252,969
2024 $4,862 $420,608 $167,639 $252,969
2023 $4,669 $420,608 $167,639 $252,969
2022 $4,472 $402,909 $160,206 $242,703
2021 $4,220 $380,189 $137,486 $242,703
2020 $4,058 $366,573 $130,939 $235,634
2019 $3,895 $344,669 $122,373 $222,296
2018 $3,594 $318,046 $111,248 $206,798
2017 $3,763 $332,964 $117,103 $215,861
2016 $3,510 $327,114 $114,807 $212,307
2015 $3,104 $297,637 $104,370 $193,267
2014 $3,330 $319,273 $104,370 $214,903
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lauren Hwang

    Century 21 Redwood Realty

    Section Image
  • Brock Thompson

    Buyer's Agent in 2021

    Brock Thompson

    Compass

    (202) 213-8887

    1 in this area

    57 Total Sales

    Section Image

  • M

    Buyer's Agent in 2020

    Mitch Greek

    Century 21 New Millennium

    Section Image
  • Tanya Kerr

    Buyer's Agent in 2019

    Tanya Kerr

    Keller Williams Realty

    (571) 551-1308

    72 Total Sales

    Section Image
  • Phyllis Patterson

    Seller's Agent in 2016

    Phyllis Patterson

    TTR Sotheby's International Realty

    (703) 310-6201

    2 in this area

    548 Total Sales

    Section Image
  • Brittany Patterson

    Seller Co-Listing Agent in 2016

    Brittany Patterson

    TTR Sotheby's International Realty

    (703) 310-6201

    12 Total Sales

    Section Image
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About This Building

Map

Source: Bright MLS

MLS Number: VAAX258864

Bright MLS

APN: 016.01-0A-403

Virginia Alexandria County Alexandria 22305 Potomac West

181 E Reed Ave Unit 403, Alexandria, VA

This home is located at 181 E Reed Ave Unit 403, Alexandria, VA 22305 since 23 April 2021 and is currently estimated at $472,728, approximately $520 per square foot. This property was built in 2003. 181 E Reed Ave Unit 403 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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