NOT LISTED FOR SALE

Elan East Market Condominiums 4480 Market Commons Dr Unit 201 Fairfax, VA 22033

Estimated Value: $417,540 - $443,000

1 Bed
1.5 Baths
879 Sq Ft
$349/mo HOA Fee

Last Sold September 28, 2012

Last sale price $270,000 $307 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,107/month

103 Days on Market

Highlights

  • Bar or Lounge
  • Fitness Center
  • Clubhouse
  • Johnson Middle School Rated A
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of September 2012

"Furnishings digitally inserted and are not included in the sales terms". Luxury 1 bedroom 1.5 bath condo. Granite kitchen breakfast bar, stainless appliances. Wood floors throughout. Near shopping, I-66, Fairfax County Pkwy. This is a Fannie Mae property, buy this property for as little as 3% down with no mortgage insurance, it is approved for HomePath Mortgage Financing and HomePath Mortgage

Last Agent to Sell the Property

George Saab

Saab Realtors Corp Listed on: 05/11/2012

Saab Realtors Corp

Last Buyer's Agent

Jumei Zhang

Signature Home Realty LLC License #584942

Signature Home Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,334

Year Built

  • Built in 2007

Lot Details

  • 0.39

HOA Fees

  • $349 Monthly HOA Fees

Parking

  • 2 Subterranean Spaces

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 879 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Gas Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Intercom
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 55-2-24-2-201

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, gas, lawn maintenance, management, pool(s), recreation facility, reserve funds, sewer, snow removal, trash, water
  • Mid-Rise Condominium
  • Built by EAST MARKET CONDOMINIUM DEVELO
  • Cote D' Azur
  • Elan At East Mar Community
  • The community has rules related to alterations or architectural changes, building or community restrictions

Amenities

  • Billiard Room
  • Party Room
  • Bar or Lounge

Recreation

  • Community Basketball Court

Pet Policy

  • Pet Restriction

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,334

Year Built

Built in 2007

Lot Details

0

HOA Fees

$349 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Microwave, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Upgraded Countertops, Master Bath(s), Wood Floors, Floor Plan - Open
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Master Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 879
  • Living Area Sq Ft: 879
  • Price Per Sq Ft: 329.81
  • Above Grade Finished Sq Ft: 879
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned, Garage
  • Garage Features: Underground

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Intercom, Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 349.05
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Bar/Lounge, Basketball Courts, Billiard Room, Club House, Elevator, Exercise Room, Party Room, Pool - Outdoor, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Gas, Lawn Maintenance, Management, Pool(s), Recreation Facility, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Building Restrictions, Elevator Use, Restrictions
  • HOA: No

Lot Info

  • Improvement Assessed Value: 246030.00
  • Land Assessed Value: 61000.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2011
  • Zoning: 402

Building Info

  • Builder Name: EAST MARKET CONDOMINIUM DEVELO

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 19547893
  • Tax Annual Amount: 3334.35
  • Assessor Parcel Number: 55-2-24-2-201
  • Tax Page Number: 552
  • Tax Total Finished Sq Ft: 879
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 09/28/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2012
Closed on
Sep 28, 2012
Sold by
Fannie Mae
Bought by
Cheung Tom
Seller's Agent
George Saab
Saab Realtors Corp
Buyer's Agent
Jumei Zhang
Signature Home Realty LLC
List Price
$289,900
Sold Price
$270,000
Premium/Discount to List
-$19,900
-6.86%
Current Estimated Value
$438,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,998
Avg. Annual Appreciation
3.75%
Original Mortgage
$256,500
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2012
Sold by
Samuel I White Pc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 6, 2007
Sold by
East Market Condo Dev Ass
Bought by
Rhines Jeffrey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,800
Interest Rate
6.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Cheung Tom $270,000 --
Federal National Mortgage Association $378,151 --
Rhines Jeffrey M $368,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheung Tom Ethan $235,400
Closed Cheung Tom $256,500
Previous Owner Rhines Jeffrey M $368,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2012 09/28/12 Sold $270,000 0.0% $307 / Sq Ft
08/22/2012 08/22/12 Pending -- -- --
08/14/2012 08/14/12 Off Market $270,000 -- --
08/05/2012 08/05/12 For Sale $289,900 +7.4% $330 / Sq Ft
08/05/2012 08/05/12 Off Market $270,000 -- --
07/26/2012 07/26/12 Price Changed $289,900 -1.7% $330 / Sq Ft
07/10/2012 07/10/12 Price Changed $294,900 -4.8% $335 / Sq Ft
06/28/2012 06/28/12 Price Changed $309,900 -3.2% $353 / Sq Ft
06/11/2012 06/11/12 Price Changed $319,990 -5.9% $364 / Sq Ft
05/11/2012 05/11/12 For Sale $339,900 -- $387 / 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 $4,246 $366,540 $73,000 $293,540
2023 $3,902 $345,790 $69,000 $276,790
2022 $3,877 $339,010 $68,000 $271,010
2021 $3,753 $319,820 $64,000 $255,820
2020 $3,785 $319,820 $64,000 $255,820
2019 $3,714 $313,800 $63,000 $250,800
2018 $3,374 $293,390 $59,000 $234,390
2017 $1,703 $293,390 $59,000 $234,390
2016 $3,365 $290,490 $58,000 $232,490
2015 $3,242 $290,490 $58,000 $232,490
2014 $3,402 $305,490 $61,000 $244,490
Source: Public Records

Agents Affiliated with this Home

  • George Saab

    Seller's Agent in 2012

    George Saab

    Saab Realtors

    (703) 906-3426

    15 Total Sales

    Section Image
  • Jumei Zhang

    Buyer's Agent in 2012

    Jumei Zhang

    Signature Home Realty LLC

    (202) 459-3385

    102 Total Sales

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About Elan East Market Condominiums

Map

Source: Bright MLS

MLS Number: 1003971412

Bright MLS

APN: 0552-24020201

Virginia Fairfax County Fairfax 22033

4480 Market Commons Dr Unit 201, Fairfax, VA

This home is located at 4480 Market Commons Dr Unit 201, Fairfax, VA 22033 since 11 May 2012 and is currently estimated at $433,885, approximately $493 per square foot. This property was built in 2007. 4480 Market Commons Dr Unit 201 is a home located in Fairfax County with nearby schools including Greenbriar East Elementary School, Johnson Middle School, and Fairfax High.

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