NOT LISTED FOR SALE

3504 Prosperity Ave Fairfax, VA 22031

Estimated Value: $1,047,000 - $1,130,000

1 Acre
$1,101,180 Price per Acre
43,560 Sq Ft Lot

Last Sold March 27, 2018

Last sale price $530,000 $364 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $6,654/month

71 Days on Market

Highlights

  • View of Trees or Woods
  • 1 Acre Lot
  • No HOA
  • Mantua Elementary School Rated A
  • Backs to Trees or Woods

About This Lot

As of March 2018

Looking for a project? This house has tons of potential! Great location on an acre of land, adj to parkland. Needs complete renovation including mold remediation. Attached carport & a garage in back of the house. Not located in a flood zone -removed from FEMA flood zone map in 2002. THIS IS AN AS-IS SALE ONLY. Use AS-IS clause form. Sentrilock on door in carport. No utilities-show during daylight.

Last Agent to Sell the Property

Katie Loughney

(703) 266-7277 stephanie.white@compass.com Compass License #SP98362322 Listed on: 12/21/2017

Compass

Last Buyer's Agent

Katie Loughney

(703) 266-7277 stephanie.white@compass.com Compass License #SP98362322 Listed on: 12/21/2017

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,431

Lot Details

  • 1 Acre Lot
  • East Facing Home
  • The property's topography is level
  • Backs to Trees or Woods
  • Property is zoned 110

Additional Features

  • Views of Woods
  • Well

Community Details

  • No Home Owners Association
  • Pine Ridge Subdivision

Listing and Financial Details

  • Tax Lot 1B
  • Assessor Parcel Number 59-1-5- -1B

Property Details

Property Type

Land

Est. Annual Taxes

$7,431

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 13.17

Exterior Features

  • View: Trees/Woods
  • View: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 298020.00
  • Lot Features: Backs To Trees
  • Lot Size Acres: 1.00
  • Lot Size Area: 43673
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43673.00
  • Possible Use: Residential
  • Soil Types: Unknown
  • Topography: Level
  • Zoning: 110

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7430.63
  • Assessor Parcel Number: 59-1-5- -1B
  • Tax Lot: 1B
  • Tax Page Number: 591
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: FAIRFAX COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2019
Sold by
Creative Remodeling Llc
Bought by
Merck Ravi D
Current Estimated Value
$1,101,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$789,670
Outstanding Balance
$694,280
Interest Rate
4.2%
Mortgage Type
VA
Estimated Equity
$406,900

Purchase Details

Listed on
Dec 21, 2017
Closed on
Mar 23, 2018
Sold by
Steigleman Marlin E
Bought by
Creative Remodeling Llc
Seller's Agent
Katie Loughney
Compass
Buyer's Agent
Katie Loughney
Compass
List Price
$599,000
Sold Price
$530,000
Premium/Discount to List
-$69,000
-11.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%
Original Mortgage
$500,000
Interest Rate
4.32%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Merck Ravi D $840,000 Title Resources Guaranty Co
Creative Remodeling Llc $530,000 Key Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merck Ravi D $789,670
Previous Owner Creative Remodeling Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2018 03/27/18 Sold $530,000 0.0% $364 / Sq Ft
03/26/2018 03/26/18 Sold $530,000 -7.8% $186 / Sq Ft View Prior Sale
03/02/2018 03/02/18 Pending -- -- --
03/02/2018 03/02/18 Pending -- -- --
02/15/2018 02/15/18 Price Changed $575,000 0.0% $395 / Sq Ft
02/15/2018 02/15/18 Price Changed $575,000 -4.0% $201 / Sq Ft
02/02/2018 02/02/18 For Sale $599,000 0.0% $411 / Sq Ft
02/02/2018 02/02/18 For Sale $599,000 0.0% $210 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
02/01/2018 02/01/18 Pending -- -- --
12/28/2017 12/28/17 Price Changed $599,000 0.0% $411 / Sq Ft
12/28/2017 12/28/17 Price Changed $599,000 -6.3% $210 / Sq Ft
12/21/2017 12/21/17 For Sale $639,000 0.0% $439 / Sq Ft
12/04/2017 12/04/17 For Sale $639,000 -- $224 / 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 $11,166 $1,026,250 $497,000 $529,250
2024 $11,166 $963,860 $467,000 $496,860
2023 $10,604 $939,620 $467,000 $472,620
2022 $10,353 $905,350 $442,000 $463,350
2021 $9,487 $808,400 $387,000 $421,400
2020 $9,292 $785,140 $372,000 $413,140
2019 $8,515 $720,410 $352,000 $368,410
2018 $7,360 $640,020 $342,000 $298,020
2017 $7,431 $640,020 $342,000 $298,020
2016 $7,090 $612,020 $314,000 $298,020
Source: Public Records

Agents Affiliated with this Home

  • Katie Loughney

    Seller's Agent in 2018

    Katie Loughney

    Compass

    (703) 597-9943

    144 Total Sales

    Katie Loughney
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Map

Source: Bright MLS

MLS Number: 1004357503

Bright MLS

APN: 0591-05-0001B

Virginia Fairfax County Fairfax 22031

3504 Prosperity Ave, Fairfax, VA

Not Listed for Sale

Lots

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