NOT LISTED FOR SALE

424 N Fayette St Alexandria, VA 22314

Parker-Gray Neighborhood

Estimated Value: $1,302,000 - $1,519,933

0.05 Acre
$28,904,660 Price per Acre
2,008 Sq Ft Lot

Last Sold March 01, 2016

Last sale price $468,677 $256 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $9,212/month

27 Days on Market

Highlights

  • Scenic Views
  • Office or Studio
  • 2-minute walk to Hellen Miller Bernard Playground
  • No HOA

About This Lot

As of March 2016

Unique opportunity to build in Old Town, Alexandria! Build To Suit or use the approved architectural plans. Building permits are city approved and ready for pick up. Existing plans feature 3,600 sq ft home with full basement, roof top terrace & 4 season room with view of the Masonic Temple. Detached garage with loft / studio / home office space. Walking distance to Metro.

Last Agent to Sell the Property

Kelli Shobe

Samson Properties Listed on: 01/19/2016

Samson Properties

Last Buyer's Agent

Elizabeth Lucchesi

Long & Foster Real Estate, Inc. License #0225069250

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,042

Lot Details

  • 2,008 Sq Ft Lot
  • The property's topography is level
  • On-Hand Building Permits
  • Property is zoned RB

Additional Features

  • Scenic Vista Views
  • Public Hookup Available For Water

Listing and Financial Details

  • Tax Lot 30
  • Assessor Parcel Number 60031040

Community Details

Overview

  • No Home Owners Association
  • Parker Gray Subdivision

Recreation

  • Office or Studio

Property Details

Property Type

Land

Est. Annual Taxes

$16,042

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Basement: No
  • Price Per Sq Ft: 248.51
  • Street Number Modifier: 424

Exterior Features

  • Other Structures List: Office/Studio
  • View: Scenic Vista
  • 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: Public Hook-Up Available

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 2008
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2008.00
  • Topography: Level
  • Year Assessed: 2015
  • Zoning: RB

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 60031040
  • Tax Lot: 30
  • Close Date: 03/01/2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2016
Closed on
Feb 29, 2016
Sold by
424 N Fayette St Llc A Virginia Limited
Bought by
Wright Douglas and Wright Jennifer
Seller's Agent
Kelli Shobe
Samson Properties
Buyer's Agent
Elizabeth Lucchesi
Long & Foster Real Estate, Inc.
List Price
$499,000
Sold Price
$468,677
Premium/Discount to List
-$30,323
-6.08%
Current Estimated Value
$1,445,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$976,556
Avg. Annual Appreciation
12.64%

Purchase Details

Closed on
Aug 3, 2015
Sold by
Burts Co-Adm Albert G and The Estate Of Mabel R Burts
Bought by
424 N Fayette St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
4.03%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Wright Douglas $468,677 Monarch Title
424 N Fayette St Llc $352,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Douglas A $561,500
Closed Wright Ii Douglas $594,000
Previous Owner 424 N Fayette St Llc $660,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2016 03/01/16 Sold $468,677 -6.1% $256 / Sq Ft
02/15/2016 02/15/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $499,000 -- $273 / 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
2025 $16,042 $1,463,703 $530,964 $932,739
2024 $16,042 $1,357,637 $491,521 $866,116
2023 $15,070 $1,357,637 $491,521 $866,116
2022 $14,881 $1,340,654 $491,521 $849,133
2021 $14,477 $1,304,245 $455,112 $849,133
2020 $12,951 $1,186,958 $415,019 $771,939
2019 $12,373 $1,094,935 $359,755 $735,180
2018 $12,373 $1,094,935 $359,755 $735,180
2017 $12,373 $1,094,935 $359,755 $735,180
2016 $3,476 $323,996 $323,996 $0
2015 $3,097 $296,978 $296,978 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelli Shobe

    Seller's Agent in 2016

    Kelli Shobe

    Samson Properties

    (703) 309-9335

    29 Total Sales

    Kelli Shobe
    Section Image
  • Elizabeth Lucchesi

    Buyer's Agent in 2016

    Elizabeth Lucchesi

    Long & Foster

    (703) 868-5676

    6 in this area

    264 Total Sales

    Elizabeth Lucchesi
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000503013

Bright MLS

APN: 064.01-07-38

Virginia Alexandria County Alexandria 22314 Parker-Gray

424 N Fayette St, Alexandria, VA

This home is located at 424 N Fayette St, Alexandria, VA 22314 since 19 January 2016 and is currently estimated at $1,445,233, approximately $790 per square foot. 424 N Fayette St is a home located in Alexandria City with nearby schools including Jefferson-Houston Elementary School, Alexandria City High School, and Potomac Crescent Waldorf School.

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