NOT LISTED FOR SALE

181 E Reed Ave, Unit 408 Alexandria, VA 22305

Del Ray Neighborhood

Estimated Value: $527,000 - $599,000

2 Beds
2 Baths
1,039 Sq Ft
0.45 Acres

Last Sold June 28, 2017

Last sale price $405,000 $390 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,452/month

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Billiard Room
  • Open Floorplan
  • Upgraded Countertops
  • 1-minute walk to Ruby Tucker Park

About This Home

As of June 2017

Conv. across the Potomac Yard Shopping Center-less than a mile to Crystal City and DC Reagan National Airport. Metro bus stop in front of the condominium. Top floor unit boasts airy 11 ft ceiling with lots of windows, gas fireplace, Gourmet kit.w/42" natural maple cabinets, black granite counter tops, black appliances, gas stove cooking and beautiful hardwood floors. 20 ft.terrace. Shows well.

Last Agent to Sell the Property

Jae Cho

MetroHomes Realty, LLC License #581789 Listed on: 04/08/2017

Last Buyer's Agent

Tim Walsh

Samson Properties

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,962

Year Built

  • Built in 2003

Lot Details

  • Property is in very good condition

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Concrete Roof
  • Concrete Perimeter Foundation
  • Dryvit Stucco

Interior Spaces

  • 1,039 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • French Doors
  • Combination Dining and Living Room
  • Intercom

Kitchen

  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Subterranean Parking
  • Parking Space Number Location: 73

Accessible Home Design

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

Utilities

  • Forced Air Heating and Cooling System
  • 60+ Gallon Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50703740

Community Details

Overview

  • Property has a Home Owners Association
  • Moving Fees Required
  • Association fees include common area maintenance, exterior building maintenance, management, insurance, parking fee, reserve funds, sewer, water
  • Low-Rise Condominium
  • Preston Community
  • Preston Subdivision
  • The community has rules related to alterations or architectural changes, antenna installations, moving in times

Amenities

  • Billiard Room
  • Party Room

Recreation

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,962

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator, 36"+ Wide Halls
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 2003
  • Remarks Public: Conv. across the Potomac Yard Shopping Center-less than a mile to Crystal City and DC Reagan National Airport. Metro bus stop in front of the condominium. Top floor unit boasts airy 11 ft ceiling with lots of windows, gas fireplace, Gourmet kit.w/42" natural maple cabinets, black granite counter tops, black appliances, gas stove cooking and beautiful hardwood floors. 20 ft.terrace. Shows well.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Microwave, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Combination Dining/Living, Kitchen - Island, Upgraded Countertops, Primary Bath(s), Window Treatments, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Top Floor
  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier, Slab
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1039
  • Living Area Sq Ft: 1039
  • Price Per Sq Ft: 403.27
  • Above Grade Finished Sq Ft: 1039
  • 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
  • Construction Materials: Brick, Dryvit
  • Pool Private: No
  • Roof: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Garage
  • Parking Space Number Assigned: 73
  • Garage Features: Underground

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Security: Intercom, Main Entrance Lock, Sprinkler System - Indoor, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 481.74
  • HOA Condo Co-Op Amenities: Billiard Room, Exercise Room, Elevator, Extra Storage, Party Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Insurance, Parking Fee, Reserve Funds, Sewer, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Antenna, Elevator Use, Moving Fees Required, Moving In Times, Pets - Allowed
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: ALEXANDRIA CITY PUBLIC SCHOOLS
  • School District Key: 121139111593

Lot Info

  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Zoning: CRMU/M

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 50703740
  • Tax Total Finished Sq Ft: 1039
  • Close Date: 06/28/2017

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2021
Sold by
Lee Ellisa Jeyin
Bought by
Lee Ellisa Jeyin and Lee Kelly Kyunghee
Current Estimated Value
$554,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Outstanding Balance
$232,090
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$322,642

Purchase Details

Closed on
Jan 25, 2021
Sold by
Lee Terence and Lee Kelly
Bought by
Lee Ellisa Jeyin

Purchase Details

Listed on
Apr 8, 2017
Closed on
Jun 23, 2017
Sold by
Ferguson Robert K and Ferguson Yoon H
Bought by
Lee Terence S and Lee Kelly K
Seller's Agent
Jae Cho
MetroHomes Realty, LLC
Buyer's Agent
Tim Walsh
Samson Properties
List Price
$419,000
Sold Price
$405,000
Premium/Discount to List
-$14,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.90%
Original Mortgage
$270,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2007
Sold by
Cho Sung G
Bought by
Ferguson Robert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Lee Ellisa Jeyin -- None Available
Lee Ellisa Jeyin -- None Available
Lee Ellisa Jeyin -- None Listed On Document
Lee Terence S $405,000 Monarch Title Inc
Ferguson Robert K $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Ellisa Jeyin $256,500
Previous Owner Lee Terence S $270,000
Previous Owner Ferguson Yoon H $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2017 06/28/17 Sold $405,000 -3.3% $390 / Sq Ft
05/15/2017 05/15/17 Pending -- -- --
04/08/2017 04/08/17 For Sale $419,000 0.0% $403 / Sq Ft
01/09/2014 01/09/14 Rented $2,200 -10.2% --
01/01/2014 01/01/14 Under Contract -- -- --
06/04/2013 06/04/13 For Rent $2,450 +11.4% --
04/01/2012 04/01/12 Rented $2,200 0.0% --
03/05/2012 03/05/12 Under Contract -- -- --
12/04/2011 12/04/11 For Rent $2,200 -- --
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 $5,962 $517,505 $191,890 $325,615
2024 $5,962 $517,505 $191,890 $325,615
2023 $5,744 $517,505 $191,890 $325,615
2022 $5,503 $495,781 $183,381 $312,400
2021 $5,215 $469,775 $157,375 $312,400
2020 $5,160 $453,182 $149,881 $303,301
2019 $4,816 $426,208 $140,075 $286,133
2018 $4,421 $391,277 $127,341 $263,936
2017 $4,644 $410,960 $134,043 $276,917
2016 $4,327 $403,241 $131,415 $271,826
2015 $3,797 $364,024 $119,468 $244,556
2014 $4,120 $395,013 $119,468 $275,545
Source: Public Records

Agents Affiliated with this Home

  • Jae Cho

    Seller's Agent in 2017

    Jae Cho

    MetroHomes Realty, LLC

    (703) 946-6081

    19 Total Sales

    Jae Cho
    Section Image
  • Tim Walsh

    Buyer's Agent in 2017

    Tim Walsh

    Samson Properties

    (703) 447-2236

    2 Total Sales

    Tim Walsh
    Section Image

  • J

    Buyer's Agent in 2014

    Jason Armstead

    Taylor Properties

    (877) 722-8085

    3 Total Sales

    Jason Armstead
    Section Image
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About This Building

Map

Source: Bright MLS

MLS Number: 1000534131

Bright MLS

APN: 016.01-0A-408

Virginia Alexandria County Alexandria 22305 Del Ray

181 E Reed Ave Unit 408, Alexandria, VA

This home is located at 181 E Reed Ave Unit 408, Alexandria, VA 22305 since 08 April 2017 and is currently estimated at $554,732, approximately $533 per square foot. This property was built in 2003. 181 E Reed Ave Unit 408 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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