NOT LISTED FOR SALE

2606 N Pershing Dr Arlington, VA 22201

Lyon Park Neighborhood

Estimated Value: $1,307,000 - $1,488,000

Studio
8 Baths
2,560 Sq Ft
$546/Sq Ft Est. Value

Last Sold June 27, 2013

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

Est. 34% decrease in value since last sale

Current estimated payment $8,774/month

10 Days on Market

Highlights

  • No HOA
  • Forced Air Zoned Cooling and Heating System
  • 5-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 Agent to Sell the Property

Bernie Myers

(571) 261-1400 bernie@lnf.com Long & Foster Real Estate, Inc. License #0225052335 Listed on: 04/27/2013

Long & Foster Real Estate, Inc.

Co-Listed By

Louise Lamy

(571) 261-1400 loulou@lnf.com Long & Foster Real Estate, Inc. License #0226026877

Last Buyer's Agent

Ruth Boyer O'Dea

(202) 234-3344 ruthboyerodea@gmail.com TTR Sotheby's International Realty License #0225075485

TTR Sotheby's International Realty

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
  • Heating System Uses Natural Gas
  • 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

5,104 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1962
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: No
  • Price Per Sq Ft: 1074.22

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
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012

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%
Current Estimated Value
$1,397,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$722,500
Avg. Annual Appreciation
-3.22%
Original Mortgage
$848,000
Outstanding Balance
$605,796
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$791,704
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Open Simpson Milton C $848,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $17,079 $1,653,300 $860,600 $792,700
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

    19 Total Sales

    Bernie Myers
    Section Image
  • Louise Lamy

    Seller Co-Listing Agent in 2013

    Louise Lamy

    Long & Foster

    (703) 371-8582

    71 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

    78 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

Not Listed for Sale

MultiFamily

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