NOT LISTED FOR SALE

505 Mcarthur Terrace NE Leesburg, VA 20176

Estimated Value: $640,000 - $645,000

3 Beds
4 Baths
2,519 Sq Ft
$255/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $525,000 $208 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,861/month

2 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Community Pool
  • Heritage High School Rated A
  • 1 Fireplace
  • Tennis Courts

About This Home

As of July 2021

A beautiful canvas! Make this house your own! Elegantly renovated townhome nestled in the heart of Potomac Station. In close proximity to restaurants, Leesburg Outlet, retail shopping, and much more! Tons of upgrades! Enjoy your spacious gourmet kitchen with refinished cabinets, granite countertops, brand-new sink, faucet, disposal, and brand-new appliances. A perfect sunlit setting for eat-in dining. Freshly painted throughout, brand new carpet on stairs and upper level, and brand new vinyl flooring for durability and longevity. Large master bedroom with walk-in closet. The updated master bathroom contains, refinished vanity cabinets, double sinks, new flooring, brand new mirrors, and new lighting. Take some time to relax in the shower or soak in tub. New floors, mirrors, and lights in the upper-level hallway bathroom. Spacious lower level rec room with walkout to yard, deck, and privacy fence. Don't miss this gem!

Last Agent to Sell the Property

Jacqueline Hanson

(703) 867-5700 jackie.hanson@pearsonsmithrealty.com Pearson Smith Realty, LLC Listed on: 06/17/2021

Pearson Smith Realty, LLC

Last Buyer's Agent

Enka Custodio

(703) 989-0211 enkacustodio@aol.com Elite Realty Group LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,295

Year Built

  • Built in 2004

Lot Details

  • 2,178 Sq Ft Lot
  • Property is in excellent condition

HOA Fees

  • $72 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Public Parking
  • Front Facing Garage
  • Unassigned Parking

Home Design

  • Masonry

Interior Spaces

  • 2,519 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • 1 Fireplace

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • No Septic System

Listing and Financial Details

  • Tax Lot 1284
  • Assessor Parcel Number 148365132000

Community Details

Overview

  • Association fees include common area maintenance, management, trash
  • Potomac Station HOA, Phone Number (703) 669-0999
  • Potomac Station Subdivision

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Community Pool
  • Jogging Path

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,295

Year Built

Built in 2004

Lot Details

0

HOA Fees

$72 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2021-06-17
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stove, Washer
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Breakfast Area, Carpet, Combination Kitchen/Living, Combination Kitchen/Dining, Floor Plan - Open, Combination Dining/Living, Soaking Tub, Walk-In Closet(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 2519
  • Living Area Sq Ft: 2519
  • Price Per Sq Ft: 212.39
  • Above Grade Finished Sq Ft: 2519
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Public, Unassigned
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: No Septic System
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 72.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Trash
  • HOA Name: POTOMAC STATION
  • HOA Phone: 703-669-0999
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 334940.00
  • Land Assessed Value: 120000.00
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Condition: Excellent
  • Zoning: 06
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 16595655
  • Tax Annual Amount: 5295.00
  • Assessor Parcel Number: 148365132000
  • Tax Lot: 1284
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: LOUDOUN COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Jul 19, 2021
Sold by
Faseru Oladotun Tolulope and Olasebikan Olusola Oluseyi
Bought by
Tseveltogtokh Perenlei
Seller's Agent
Jacqueline Hanson
Pearson Smith Realty, LLC
Buyer's Agent
Enka Custodio
Elite Realty Group LLC
List Price
$535,000
Sold Price
$525,000
Premium/Discount to List
-$10,000
-1.87%
Current Estimated Value
$642,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,303
Avg. Annual Appreciation
4.70%
Original Mortgage
$515,490
Outstanding Balance
$468,155
Interest Rate
2.96%
Mortgage Type
FHA
Estimated Equity
$174,148

Purchase Details

Closed on
Feb 23, 2005
Sold by
Akhtar Syed Nadeem
Bought by
Faseru Oluwatosin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2004
Sold by
Drees Co
Bought by
Akhtar Syed Nadeem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,700
Interest Rate
5.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tseveltogtokh Perenlei $525,000 Premier Title & Stlmnt Co
Faseru Oluwatosin M $435,000 --
Akhtar Syed Nadeem $365,875 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tseveltogtokh Perenlei $515,490
Previous Owner Faseru Oluwatosin M $435,000
Previous Owner Akhtar Syed Nadeem $292,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2021 07/19/21 Sold $525,000 -1.9% $208 / Sq Ft
06/20/2021 06/20/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $535,000 0.0% $212 / Sq Ft
06/17/2016 06/17/16 Rented $2,150 +2.4% --
06/17/2016 06/17/16 Under Contract -- -- --
04/04/2016 04/04/16 For Rent $2,100 +5.0% --
10/26/2013 10/26/13 Rented $2,000 0.0% --
10/25/2013 10/25/13 Under Contract -- -- --
09/18/2013 09/18/13 For Rent $2,000 +5.3% --
04/04/2012 04/04/12 Under Contract -- -- --
03/14/2012 03/14/12 For Rent $1,900 0.0% --
03/14/2012 03/14/12 Rented $1,900 -- --
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 $4,917 $610,860 $160,000 $450,860
2024 $4,878 $563,960 $160,000 $403,960
2023 $4,661 $532,680 $160,000 $372,680
2022 $4,387 $492,930 $125,000 $367,930
2021 $4,458 $454,940 $120,000 $334,940
2020 $4,397 $424,830 $120,000 $304,830
2019 $4,239 $405,690 $120,000 $285,690
2018 $4,191 $386,270 $120,000 $266,270
2017 $4,184 $371,880 $120,000 $251,880
2016 $4,227 $369,150 $0 $0
2015 $661 $241,460 $0 $241,460
2014 $645 $262,600 $0 $262,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VALO440794

Bright MLS

APN: 148-36-5132