NOT LISTED FOR SALE

2606 N Pershing Dr Arlington, VA 22201

Lyon Park Neighborhood

Estimated Value: $1,434,000 - $1,862,705

-- Bed
8 Baths
2,560 Sq Ft
$616/Sq Ft Est. Value

Last Sold June 27, 2013

Last sale price $2,120,000 $828 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $10,215/month

10 Days on Market

Highlights

  • No HOA
  • Forced Air Zoned Cooling and Heating System
  • 4-minute walk to Lyon Park
  • Long Branch Elementary School Rated A

About This Home

As of June 2013

!! GREAT INVESTMENT OPPORTUNITY !! TWO 3 UNIT APPARTMENT BUILDINGS on adjacent lots (1206-1210) being sold together. Each building has a 3 BR, a 4BR, and a 1BR unit. Separate heating, cooling HW and metering for each unit. High occupancy rate. Off-street parking for 10 cars. Short walk to Metro, bus, shopping and entertainment. NO LB CALL LA FOR APPT. 24 HR. NOTICE MINIMUM.

Last Listed By

Bernie Myers

Long & Foster Real Estate, Inc. License #0225052335 Listed on: 04/27/2013

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,466

Year Built

  • Built in 1962

Lot Details

  • 5,104 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, repairs, real estate taxes
  • Tax Lot 707
  • Assessor Parcel Number 18-056-007

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Lee Heights Subdivision

Building Details

  • Operating Expense $35,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,466

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1962
  • Remarks Public: !! GREAT INVESTMENT OPPORTUNITY !! TWO 3 UNIT APPARTMENT BUILDINGS on adjacent lots (1206-1210) being sold together. Each building has a 3 BR, a 4BR, and a 1BR unit. Separate heating, cooling HW and metering for each unit. High occupancy rate. Off-street parking for 10 cars. Short walk to Metro, bus, shopping and entertainment. NO LB CALL LA FOR APPT. 24 HR. NOTICE MINIMUM.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: No
  • Price Per Sq Ft: 1074.22
  • Street Number Modifier: 2606

Exterior Features

  • Construction Materials: Brick
  • Roof: Tar/Gravel
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Driveway

Utilities

  • Refuse: 293.92
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 366600.00
  • Land Assessed Value: 475000.00
  • Lot Size Acres: 0.12
  • Lot Size Area: 5104
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5104.00
  • Year Assessed: 2012
  • Zoning: R-5

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Insurance, Repairs, Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10680711
  • Tax Annual Amount: 8465.86
  • Assessor Parcel Number: 18-056-007
  • Tax Lot: 707
  • Tax Total Finished Sq Ft: 2560
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012
  • Close Date: 06/27/2013

Multi Family

  • Gross Income: 150000.00
  • Metering: Fully Separate
  • Operating Expense: 35000.00
  • Vacancy Allowance Rate: 0.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2013
Closed on
Jun 27, 2013
Sold by
Patrone Nicholas A
Bought by
Simpson Milton C
Seller's Agent
Bernie Myers
Long & Foster Real Estate, Inc.
Buyer's Agent
Ruth Boyer O'Dea
TTR Sotheby's International Realty
List Price
$2,750,000
Sold Price
$2,120,000
Premium/Discount to List
-$630,000
-22.91%
Total Days on Market
10
Current Estimated Value
$1,577,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$542,098
Original Mortgage
$848,000
Interest Rate
3.51%
Mortgage Type
New Conventional

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
Simpson Milton C $2,120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Simpson Clarke P $1,432,000
Closed Simpson Milton C $848,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2013 06/27/13 Sold $2,120,000 -22.9% $828 / Sq Ft
05/07/2013 05/07/13 Pending -- -- --
04/27/2013 04/27/13 For Sale $2,750,000 -- $1,074 / 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
2024 $16,598 $1,606,800 $827,400 $779,400
2023 $15,056 $1,461,700 $808,400 $653,300
2022 $14,674 $1,424,700 $770,400 $654,300
2021 $14,086 $1,367,600 $760,000 $607,600
2020 $13,278 $1,294,200 $698,300 $595,900
2019 $12,910 $1,258,300 $665,000 $593,300
2018 $11,801 $1,173,100 $641,300 $531,800
2017 $11,662 $1,159,200 $617,500 $541,700
2016 $10,096 $1,018,800 $551,000 $467,800
2015 $8,260 $829,300 $527,300 $302,000
2014 $8,862 $889,800 $494,000 $395,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Bernie Myers

    Long & Foster

    (703) 967-9008

    18 Total Sales

    Bernie Myers
    Section Image
  • Louise Lamy

    Seller Co-Listing Agent in 2013

    Louise Lamy

    Long & Foster

    (703) 371-8582

    78 Total Sales

    Louise Lamy
    Section Image
  • Ruth Boyer O'Dea

    Buyer's Agent in 2013

    Ruth Boyer O'Dea

    TTR Sotheby's International Realty

    (703) 338-2277

    1 in this area

    84 Total Sales

    Ruth Boyer O'Dea
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001579657

Bright MLS

APN: 18-056-007

Virginia Arlington County Arlington 22201 Lyon Park

2606 N Pershing Dr, Arlington, VA

Homes for Sale in Arlington, VA

This home is located at 2606 N Pershing Dr, Arlington, VA 22201 since 27 April 2013 and is currently estimated at $1,577,902, approximately $616 per square foot. This property was built in 1962. 2606 N Pershing Dr is a home located in Arlington County with nearby schools including Long Branch Elementary School, Thomas Jefferson Middle School, and Washington Liberty High School.

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