NOT LISTED FOR SALE

181 E Reed Ave, Unit 405 Alexandria, VA 22305

Del Ray Neighborhood

Estimated Value: $390,261 - $564,000

1 Bed
1 Bath
700 Sq Ft
$389/mo HOA Fee

Last Sold March 07, 2022

Last sale price $385,000 $550 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,105/month

47 Days on Market

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Combination Kitchen and Living
  • Open Floorplan
  • Wood Flooring
  • 1-minute walk to Ruby Tucker Park

About This Home

As of March 2022

Beautiful, conveniently located 1BR/1BA condo at the Preston in sought after Potomac Yard. Brand new butterscotch oak hardwood floors in the living room and entryway, new W/D in 2020, new dishwasher in 2020. The Preston is right across the street from Target, Aldi, Amazon Fresh Supermart, and much, much more! Amazon HQ2 is 1.5 miles away, and the brand new Potomac Yard Metro station is slated to open in Fall 2022. Convenient to hip Del Ray, Old Town Alexandria, Reagan National Airport, shopping, restaurants, retail shops, beer gardens, and more :)

Last Agent to Sell the Property

Jared Lilly

(703) 397-8485 info@jaredlillyhomes.com EXP Realty, LLC License #0225199969 Listed on: 12/22/2021

EXP Realty, LLC

Last Buyer's Agent

Tien Dao

(703) 963-1075 joseph.dao@longandfoster.com Redfin Corporation License #SP200205642

Redfin Corporation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,923

Year Built

  • Built in 2003

Lot Details

  • Sprinkler System

HOA Fees

  • $389 Monthly HOA Fees

Parking

  • 1 Assigned Subterranean Space
  • Assigned parking located at #21
  • Garage Door Opener
  • On-Street Parking
  • Parking Space Conveys
  • Secure Parking

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Masonry

Interior Spaces

  • 700 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Corner Fireplace
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Window Treatments
  • Combination Kitchen and Living
  • Wood Flooring
  • Stacked Washer and Dryer

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 36 inches wide or more
  • Doors are 32 inches wide or more

Schools

  • Cora Kelly Magnet Elementary School
  • George Washington Middle School
  • Alexandria City High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 016.01-0A-405

Community Details

Overview

  • $250 Elevator Use Fee
  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, insurance, lawn maintenance, management, reserve funds, security gate, snow removal, trash, water
  • Low-Rise Condominium
  • The Preston Condos
  • Preston Community
  • Preston Subdivision

Amenities

  • Game Room
  • Billiard Room
  • Party Room

Recreation

  • Fitness Center

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,923

Year Built

Built in 2003

Lot Details

0

HOA Fees

$389 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors, 36"+ Wide Halls, Elevator
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-12-24
  • Year Built: 2003
  • Assigned Parking Space Numbers: 21
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked
  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Living, Floor Plan - Open, Recessed Lighting, Sprinkler System, Tub Shower, Wood Floors, Window Treatments
  • Fireplace Features: Corner, Fireplace - Glass Doors, Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 700
  • Living Area Sq Ft: 700
  • Price Per Sq Ft: 555.71
  • Above Grade Finished Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet

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
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Parking Space Conveys, Secure Parking
  • Garage Features: Underground, Garage Door Opener
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • 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: 389.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Preston
  • Elevator Use Fee: 250.00
  • HOA Condo Co-Op Amenities: Billiard Room, Elevator, Exercise Room, Game Room, Party Room, Reserved/Assigned Parking, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Reserve Funds, Security Gate, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • 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: CORA KELLY MAGNET
  • High School: ALEXANDRIA CITY
  • Middle Or Junior School: GEORGE WASHINGTON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 241207.00
  • Land Assessed Value: 106034.00
  • Zoning: CRMU/M
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 18320426
  • Tax Annual Amount: 3923.00
  • Assessor Parcel Number: 016.01-0A-405
  • Tax Year: 2021

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2021
Closed on
Mar 4, 2022
Sold by
Heino Jared J
Bought by
Elsed Nafisa
Seller's Agent
Jared Lilly
EXP Realty, LLC
Buyer's Agent
Tien Dao
Redfin Corporation
List Price
$389,000
Sold Price
$385,000
Premium/Discount to List
-$4,000
-1.03%
Current Estimated Value
$449,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,565
Avg. Annual Appreciation
4.14%
Original Mortgage
$365,750
Outstanding Balance
$340,831
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$108,734

Purchase Details

Listed on
Oct 6, 2017
Closed on
Feb 27, 2018
Sold by
Brown Michael
Bought by
Heino Jared J and Barahona Inday Jessica
Seller's Agent
Dianne Van Volkenburg
Compass
Buyer's Agent
Sara O'Connor
Keller Williams Capital Properties
List Price
$349,900
Sold Price
$346,000
Premium/Discount to List
-$3,900
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.69%
Original Mortgage
$328,700
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 20, 2013
Closed on
Apr 17, 2013
Sold by
Baird Jason L
Bought by
Brown Michael
Seller's Agent
Debbie Crevier Kent
Cottage Street Realty LLC
Buyer's Agent
Susan Canis
Compass
List Price
$295,000
Sold Price
$300,000
Premium/Discount to List
$5,000
1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$240,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2006
Sold by
Chu Soon Woo
Bought by
Baird Jason L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2005
Sold by
Wilkes Street L L C
Bought by
Cho Soon Woo and Cho James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,600
Interest Rate
5.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Elsed Nafisa $385,000 Old Republic Title
Heino Jared J $346,000 Pruitt Title Llc
Brown Michael $300,000 --
Baird Jason L $275,000 --
Cho Soon Woo $249,525 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elsed Nafisa $365,750
Previous Owner Heino Jared J $328,700
Previous Owner Brown Michael $240,000
Previous Owner Baird Jason L $220,000
Previous Owner Cho Soon Woo $199,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/07/2022 03/07/22 Sold $385,000 -1.0% $550 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $389,000 +1.0% $556 / Sq Ft
01/25/2022 01/25/22 Off Market $385,000 -- --
01/13/2022 01/13/22 Price Changed $389,000 -2.5% $556 / Sq Ft
12/22/2021 12/22/21 For Sale $399,000 +15.3% $570 / Sq Ft
02/28/2018 02/28/18 Sold $346,000 -1.1% $494 / Sq Ft View Prior Sale
01/31/2018 01/31/18 Pending -- -- --
01/03/2018 01/03/18 For Sale $349,900 +1.1% $500 / Sq Ft
12/14/2017 12/14/17 Off Market $346,000 -- --
12/06/2017 12/06/17 For Sale $349,900 0.0% $500 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
10/19/2017 10/19/17 Price Changed $349,900 -4.1% $500 / Sq Ft
10/06/2017 10/06/17 For Sale $365,000 +21.7% $521 / Sq Ft
04/22/2013 04/22/13 Sold $300,000 +1.7% $429 / Sq Ft View Prior Sale
02/22/2013 02/22/13 Pending -- -- --
02/20/2013 02/20/13 For Sale $295,000 -- $421 / 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 $4,410 $380,700 $129,290 $251,410
2024 $4,410 $380,700 $129,290 $251,410
2023 $4,226 $380,700 $129,290 $251,410
2022 $4,049 $364,764 $123,557 $241,207
2021 $3,854 $347,241 $106,034 $241,207
2020 $3,714 $335,167 $100,985 $234,182
2019 $3,563 $315,305 $94,379 $220,926
2018 $3,276 $289,912 $85,799 $204,113
2017 $3,438 $304,259 $90,314 $213,945
2016 $3,204 $298,634 $88,544 $210,090
2015 $2,815 $269,928 $80,494 $189,434
2014 $3,060 $293,400 $80,494 $212,906
Source: Public Records

Agents Affiliated with this Home

  • Jared Lilly

    Seller's Agent in 2022

    Jared Lilly

    EXP Realty, LLC

    (703) 397-8485

    2 in this area

    106 Total Sales

    Jared Lilly
    Section Image

  • T

    Buyer's Agent in 2022

    Tien Dao

    Redfin Corporation

    Tien Dao
    Section Image
  • Susan Canis

    Seller Co-Listing Agent in 2018

    Susan Canis

    Compass

    (703) 505-7370

    10 Total Sales

    Susan Canis
    Section Image

  • S

    Buyer's Agent in 2018

    Sara O'Connor

    Keller Williams Capital Properties

  • Debbie Crevier Kent

    Seller's Agent in 2013

    Debbie Crevier Kent

    Cottage Street Realty LLC

    (571) 293-6923

    1 in this area

    1,062 Total Sales

    Debbie Crevier Kent
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: VAAX2006724

Bright MLS

APN: 016.01-0A-405

Virginia Alexandria County Alexandria 22305 Del Ray

181 E Reed Ave Unit 405, Alexandria, VA

Not Listed for Sale

Condos

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