NOT LISTED FOR SALE

2942 Penny Ln Fairfax, VA 22031

Estimated Value: $1,063,517 - $1,136,000

3 Beds
3.5 Baths
1,906 Sq Ft
$570/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $950,000 $498 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,154/month

1 Day on Market

Highlights

  • Fitness Center
  • Taxi Service
  • Contemporary Architecture
  • Fairhill Elementary School Rated A-
  • Open Floorplan
  • 2-minute walk to Penny Lane Park

About This Home

As of June 2021

Town center living. Adjacent to Merrifield Town Center. Imagine walking out your front door to a vibrant destination an enviable location. 4 level living with rooftop terrace, modern LEED certified exterior architecture, 1,906 sq ft, 3 bd/3.5ba, 2-car garage. Office/den on ground level. Dual-zone HVAC. Wired security system, whole-home entertainment system(Audio system pre-wired). Hardwoods & upgraded tile flooring throughout. Home has been meticulously maintained & is a turn key property. The HOA fee includes a Free Shuttle to Dunn Loring -Merrifield Metro Station. You also have access to the Avalon Pool and Gym(cross street). Dog area in front of house cross street too. Waking distance to shopping, restaurants, Angelika Film Center, and more!

Last Agent to Sell the Property

Zhihao Wang

UnionPlus Realty, Inc. License #05224 Listed on: 04/29/2021

Last Buyer's Agent

Joyce Sheftic

Coldwell Banker Realty

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,965

Year Built

  • Built in 2014

Lot Details

  • 865 Sq Ft Lot
  • East Facing Home
  • Property is in excellent condition

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Brick Front

Interior Spaces

  • 1,906 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Wood Flooring

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Finished Basement

  • Walk-Out Basement
  • Garage Access
  • Rear Basement Entry
  • Natural lighting in basement

Schools

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

Utilities

  • 90% Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Natural Gas Water Heater

Additional Features

  • Energy-Efficient Windows
  • Terrace

Listing and Financial Details

  • Tax Lot 65
  • Assessor Parcel Number 0493 37020065

Community Details

Overview

  • Association fees include lawn maintenance, road maintenance, snow removal, trash, pool(s)
  • Mosaic District Townhouse HOA
  • Mosaic At Merrifield Subdivision
  • Property Manager

Amenities

  • Taxi Service

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,965

Year Built

Built in 2014

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2021-04-30
  • Federal Flood Zone: No
  • Year Built: 2014
  • Automatically Close On Close Date: Yes
  • Remarks Public: Town center living. Adjacent to Merrifield Town Center. Imagine walking out your front door to a vibrant destination an enviable location. 4 level living with rooftop terrace, modern LEED certified exterior architecture, 1,906 sq ft, 3 bd/3.5ba, 2-car garage. Office/den on ground level. Dual-zone HVAC. Wired security system, whole-home entertainment system(Audio system pre-wired). Hardwoods & upgraded tile flooring throughout. Home has been meticulously maintained & is a turn key property. The HOA fee includes a Free Shuttle to Dunn Loring -Merrifield Metro Station. You also have access to the Avalon Pool and Gym(cross street). Dog area in front of house cross street too. Waking distance to shopping, restaurants, Angelika Film Center, and more!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Washer - Front Loading, Dryer - Front Loading, Exhaust Fan, Refrigerator, Stainless Steel Appliances, Stove
  • Interior Amenities: Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Recessed Lighting, Soaking Tub, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Double Pane, Energy Efficient
  • Levels Count: 4
  • Basement: Yes
  • Basement Type: Daylight, Full, Fully Finished, Garage Access, Poured Concrete, Rear Entrance, Walkout Level
  • 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: 2942

Beds/Baths

  • Bedrooms: 3
  • 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: Brick Front
  • 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
  • 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
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 200.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Fitness Center, Pool - Outdoor, Taxi Service
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Road Maintenance, Snow Removal, Trash, Pool(s)
  • HOA Name: MOSAIC DISTRICT TOWNHOUSE HOA
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 614290.00
  • Land Assessed Value: 257000.00
  • Land Use Code: 031
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 865.00
  • Outdoor Living Structures: Terrace
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: 350
  • Zoning Description: PDH-30
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 19551706
  • Tax Annual Amount: 9965.00
  • Assessor Parcel Number: 0493 37020065
  • Tax Lot: 65
  • Tax Page Number: 493
  • Tax Total Finished Sq Ft: 1906
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 06/01/2021

MLS Schools

  • School District Name: FAIRFAX COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jun 1, 2021
Sold by
Zhao Weipeng and Xiang Siling
Bought by
Scialli Nicholas Andrew and Leister Hilary Claire
Seller's Agent
Zhihao Wang
UnionPlus Realty, Inc.
Buyer's Agent
Joyce Sheftic
Coldwell Banker Realty
List Price
$900,000
Sold Price
$950,000
Premium/Discount to List
$50,000
5.56%
Current Estimated Value
$1,086,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,629
Avg. Annual Appreciation
3.17%
Original Mortgage
$600,000
Outstanding Balance
$549,105
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$532,168

Purchase Details

Closed on
Apr 6, 2016
Sold by
Siling Xiang and Weipeng Zhao
Bought by
Xiang Siling and Zhao Weipeng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2014
Sold by
Mosaic Homes Asoc Llc
Bought by
Xiang Siling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
4.5%
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
Scialli Nicholas Andrew $950,000 Navy Federal Title Svcs Llc
Xiang Siling -- None Available
Xiang Siling $873,198 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scialli Nicholas Andrew $600,000
Previous Owner Zhao Wei Peng $156,000
Previous Owner Zhao Weipeng $560,000
Previous Owner Xiang Siling $625,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $950,000 +5.6% $498 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $900,000 -- $472 / 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 $11,295 $974,980 $294,000 $680,980
2023 $10,344 $916,620 $288,000 $628,620
2022 $10,224 $894,100 $276,000 $618,100
2021 $10,225 $871,290 $257,000 $614,290
2020 $9,966 $842,040 $257,000 $585,040
2019 $9,966 $842,040 $257,000 $585,040
2018 $9,683 $842,040 $257,000 $585,040
2017 $9,776 $842,040 $257,000 $585,040
2016 $5,026 $837,040 $252,000 $585,040
2015 $9,341 $837,040 $252,000 $585,040
2014 $8,492 $779,620 $240,000 $539,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAFX1196296

Bright MLS

APN: 0493-37020065