NOT LISTED FOR SALE

2940 Penny Ln Fairfax, VA 22031

Estimated Value: $1,066,787 - $1,136,000

4 Beds
3.5 Baths
1,906 Sq Ft
$579/Sq Ft Est. Value

Last Sold February 21, 2019

Last sale price $910,000 $477 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,248/month

97 Days on Market

Highlights

  • Fitness Center
  • Gourmet Kitchen
  • Contemporary Architecture
  • Fairhill Elementary School Rated A-
  • Clubhouse
  • 2-minute walk to Penny Lane Park

About This Home

As of February 2019

One of a kind TH done with impeccable taste. Custom Cabinets, Custom Monolithic slab island that seats 8, Custom lighting, sound system, built-ins too many features to mention. 2 balconies including rooftop terrace. HOA includes 2 level gym, pool, meeting rooms. Steps to mosaic District Shops/restaurants, Furniture does not convey.

Last Agent to Sell the Property

George Lodge

Federa, Inc. License #659619 Listed on: 09/06/2018

Last Buyer's Agent

Deirdre Wildman

Pearson Smith Realty, LLC

Pearson Smith Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,938

Year Built

  • Built in 2014 | Remodeled in 2016

Lot Details

  • 865 Sq Ft Lot

HOA Fees

  • $185 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,906 Sq Ft Home
  • Property has 3 Levels
  • 2 Fireplaces
  • Gourmet Kitchen

Bedrooms and Bathrooms

Schools

  • Fairhill Elementary School
  • Jackson Middle School
  • Falls Church High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 64
  • Assessor Parcel Number 49-3-37-2-64

Community Details

Overview

  • Association fees include pool(s)
  • Mozaic HOA
  • Mosaic At Merrifield Subdivision, Bryant Floorplan

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Meeting Room
  • Party Room
  • Community Library

Recreation

  • Fitness Center
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,938

Year Built

Built in 2014 | Remodeled in 2016

Lot Details

0

HOA Fees

$185 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Exclusions: Furnishings not included
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 2014
  • Year Renovated: 2016
  • Remarks Public: One of a kind TH done with impeccable taste. Custom Cabinets, Custom Monolithic slab island that seats 8, Custom lighting, sound system, built-ins too many features to mention. 2 balconies including rooftop terrace. HOA includes 2 level gym, pool, meeting rooms. Steps to mosaic District Shops/restaurants, Furniture does not convey.
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Kitchen - Gourmet
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1906
  • Living Area Sq Ft: 1906
  • Price Per Sq Ft: 472.19
  • Above Grade Finished Sq Ft: 1906
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2940

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination, Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 185.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Exercise Room, Fitness Center, Library, Meeting Room, Party Room, Picnic Area, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Pool(s)
  • HOA Name: MOZAIC
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: FAIRFAX COUNTY PUBLIC SCHOOLS
  • Elementary School: FAIRHILL
  • Middle School: JACKSON
  • High School: FALLS CHURCH
  • School District Key: 121138392980
  • Elementary School: FAIRHILL
  • High School: FALLS CHURCH
  • Middle Or Junior School: JACKSON

Lot Info

  • Improvement Assessed Value: 598980.00
  • Land Assessed Value: 257000.00
  • Lot Size Acres: 0.02
  • Lot Size Area: 865
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 865.00
  • Year Assessed: 2018
  • Zoning: 350
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 19551636
  • Tax Annual Amount: 9937.93
  • Assessor Parcel Number: 49-3-37-2-64
  • Tax Lot: 64
  • Tax Page Number: 493
  • Tax Total Finished Sq Ft: 1906
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 02/21/2019

MLS Schools

  • School District Name: FAIRFAX COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Feb 21, 2019
Sold by
2940 Penny Lane Llc
Bought by
Kovacevic Predrag and Kovacevic Neda
Seller's Agent
George Lodge
Federa, Inc.
Buyer's Agent
Deirdre Wildman
Pearson Smith Realty, LLC
List Price
$900,000
Sold Price
$910,000
Premium/Discount to List
$10,000
1.11%
Current Estimated Value
$1,103,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,447
Avg. Annual Appreciation
3.02%
Original Mortgage
$81,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2016
Sold by
Hitt Todd E
Bought by
2940 Penny Lane Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 14, 2015
Sold by
Kiddar Metz Llc
Bought by
Hitt Todd E

Purchase Details

Listed on
Aug 21, 2013
Closed on
Feb 4, 2014
Sold by
Mosaic Homes Asoc Llc
Bought by
Kiddar Metz Llc
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Sue and Allison Goodhart
Compass
List Price
$915,528
Sold Price
$915,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.63%
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
Kovacevic Predrag $900,000 Psr Title Llc
2940 Penny Lane Llc -- None Available
Hitt Todd E -- Commercial Title Group
Kiddar Metz Llc $915,528 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kovacevic Neda $733,000
Closed Kovacevic Predrag $81,000
Previous Owner 2940 Penny Lane Llc $715,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2019 02/21/19 Sold $910,000 +1.1% $477 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
11/23/2018 11/23/18 Price Changed $900,000 0.0% $472 / Sq Ft
11/23/2018 11/23/18 For Sale $900,000 -1.1% $472 / Sq Ft
09/21/2018 09/21/18 Off Market $910,000 -- --
09/06/2018 09/06/18 For Sale $1,125,000 +22.9% $590 / Sq Ft
02/04/2014 02/04/14 Sold $915,528 0.0% --
08/21/2013 08/21/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $915,528 -- --
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 $11,479 $990,820 $294,000 $696,820
2023 $10,509 $931,230 $288,000 $643,230
2022 $10,388 $908,470 $276,000 $632,470
2021 $10,396 $885,930 $257,000 $628,930
2020 $10,131 $855,980 $257,000 $598,980
2019 $10,131 $855,980 $257,000 $598,980
2018 $9,844 $855,980 $257,000 $598,980
2017 $9,938 $855,980 $257,000 $598,980
2016 $9,859 $850,980 $252,000 $598,980
2015 $9,497 $850,980 $252,000 $598,980
2014 $8,643 $793,670 $240,000 $553,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002620736

Bright MLS

APN: 0493-37020064