Seller's Agent in 2021
Ann Duff
McEnearney Associates
(703) 965-8700
16 in this area
58 Total Sales
505 S Fairfax St Alexandria, VA 22314
Old Town NeighborhoodEstimated Value: $1,391,458 - $1,613,000
3
Beds
2.5
Baths
2,579
Sq Ft
$573/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Recreation Room
- Wood Flooring
- Deck
- Traditional Floor Plan
- 4-minute walk to Windmill Hill Park
About This Home
As of February 2021Chic and comfortable! A fresh look at and price of 505 South Fairfax Street will AMAZE you! See how 21st century belongings fit into and enhance this residence of the United States' early historic years. Residents in the 1820s enjoyed this solid, though modest, frame home which was refined and expanded years later with a brick addition, almost doubling its size. Shutters frame the windows of this end townhouse with coach lanterns flanking the entryway. Period wood floors traverse the original portion of the house, with reclaimed wood in the newer sections. This SE Quadrant home in Old Town offers a special feeling of years gone by blended with unique 21st century conveniences. Set on a bright, lush lot, you'll be surprised by the depth of the home and with its comfortably large living spaces. You will find built-in bookshelves and cupboards at every turn. A former exterior window opening into a lightwell brings generous light to the original rooms and the well-designed kitchen with sparkling white cupboards, handsome granite counters, stainless appliances, recessed lighting, casual eating space and an additional breakfast nook. Just beyond is a gracious family room with wood-burning fireplace adorned with shelf mantel and flanked by shelves, cupboards and a built-in desk. French doors open to a wide rear deck with steps descending to a lushly-planted brick patio with flower beds and a gate to Wilkes Street. A cooling, decorative pond (now covered) could be reopened to welcome water lilies and the like. Upstairs, split doors open to the exceptionally private master suite that includes a sky-lit ceramic tile bath, two walk-in organized closets and a spacious bedroom with beamed ceiling, wood-burning fireplace adorned with mantel and ceiling fan. Do not miss the Palladian window offering glorious views of the garden. Two additional bedrooms and another bath comfortably complete this level. The lower level is quite a surprise -- a recreation room with beamed ceiling, numerous storage closets, including a cedar closet, and decorative fireplace presents a wonderful spot for hobbies, playtime or home office while a laundry/utility room has easy access to the kitchen. In the SE Quadrant of Old Town, this location offers bustling activity in shops and restaurants, intrigue with cobblestone streets, important landmarks and stately, comfortable homes, all seemingly untouched by time. Enjoy convenient parks, Potomac River, grocery stores, churches and mass transportation. There is even a popular public elementary school, Lyles-Crouch Traditional Academy, just a few blocks away, as well as St. Mary's Elementary School also in the SE Quadrant. Here is perfectly easy living with a rich heritage.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $12,520
Year Built
- Built in 1820
Lot Details
- 1,695 Sq Ft Lot
- East Facing Home
- Historic Home
- Property is in very good condition
Parking
- On-Street Parking
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Frame Construction
- Metal Roof
Interior Spaces
- Property has 3 Levels
- Traditional Floor Plan
- Built-In Features
- Chair Railings
- Crown Molding
- Beamed Ceilings
- Ceiling Fan
- Skylights
- 4 Fireplaces
- Wood Burning Fireplace
- Fireplace Mantel
- Gas Fireplace
- French Doors
- Family Room Off Kitchen
- Living Room
- Formal Dining Room
- Recreation Room
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
- Built-In Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Cedar Closet
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on lower level
- Dryer
- Washer
Partially Finished Basement
- Connecting Stairway
- Basement Windows
Home Security
Outdoor Features
- Deck
- Enclosed Patio or Porch
Schools
- Lyles-Crouch Elementary School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- Home warranty included in the sale of the property
- Tax Lot 505
- Assessor Parcel Number 080.02-05-03
Community Details
Overview
- No Home Owners Association
- Old Town Subdivision
Security
- Storm Doors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 10, 2020
Closed on
Feb 23, 2021
Sold by
Rice William Thomas
Bought by
Drewry Douglas Mcnair and Maupin Gillian Rice
Seller's Agent
Ann Duff
Corcoran McEnearney
Buyer's Agent
Ann Duff
Corcoran McEnearney
List Price
$1,198,000
Sold Price
$1,100,000
Premium/Discount to List
-$98,000
-8.18%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,615
Avg. Annual Appreciation
6.87%
Original Mortgage
$700,000
Outstanding Balance
$630,345
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$847,270
Purchase Details
Closed on
May 16, 2003
Sold by
Orestis Christos
Bought by
Rice William T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,600
Interest Rate
5.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 10, 1999
Sold by
Roberts Paul C
Bought by
Dessauer John P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.65%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Drewry Douglas Mcnair | $1,100,000 | Attorney | |
| Rice William T | $862,000 | -- | |
| Dessauer John P | $550,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Drewry Douglas Mcnair | $700,000 | |
| Previous Owner | Rice William T | $250,000 | |
| Previous Owner | Rice Ii William T | $369,300 | |
| Previous Owner | Rice Ii William T | $75,000 | |
| Previous Owner | Rice William T | $385,200 | |
| Previous Owner | Rice William Thomas | $100,000 | |
| Previous Owner | Rice William T | $689,600 | |
| Previous Owner | Dessauer John P | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2021 02/25/21 | Sold | $1,100,000 | -6.4% | $427 / Sq Ft |
| 11/28/2020 11/28/20 | Pending | -- | -- | -- |
| 11/11/2020 11/11/20 | Price Changed | $1,175,000 | -1.9% | $456 / Sq Ft |
| 09/10/2020 09/10/20 | For Sale | $1,198,000 | 0.0% | $465 / Sq Ft |
| 07/24/2019 07/24/19 | Rented | $4,250 | 0.0% | -- |
| 07/19/2019 07/19/19 | Under Contract | -- | -- | -- |
| 07/15/2019 07/15/19 | For Rent | $4,250 | +1.2% | -- |
| 09/04/2018 09/04/18 | Rented | $4,200 | -3.4% | -- |
| 08/31/2018 08/31/18 | Under Contract | -- | -- | -- |
| 07/24/2018 07/24/18 | For Rent | $4,350 | +2.4% | -- |
| 05/05/2012 05/05/12 | Rented | $4,250 | 0.0% | -- |
| 03/23/2012 03/23/12 | Under Contract | -- | -- | -- |
| 03/14/2012 03/14/12 | For Rent | $4,250 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $13,963 | $1,256,301 | $628,898 | $627,403 |
| 2024 | $13,963 | $1,174,466 | $628,898 | $545,568 |
| 2023 | $13,037 | $1,174,466 | $628,898 | $545,568 |
| 2022 | $11,851 | $1,067,697 | $571,726 | $495,971 |
| 2021 | $12,894 | $1,161,590 | $519,750 | $641,840 |
| 2020 | $13,015 | $1,107,985 | $472,500 | $635,485 |
| 2019 | $12,266 | $1,085,480 | $449,995 | $635,485 |
| 2018 | $11,990 | $1,061,043 | $450,000 | $611,043 |
| 2017 | $11,990 | $1,061,043 | $450,000 | $611,043 |
| 2016 | $11,385 | $1,061,043 | $450,000 | $611,043 |
| 2015 | $10,762 | $1,031,833 | $420,790 | $611,043 |
| 2014 | $10,553 | $1,011,795 | $400,752 | $611,043 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2019
Lisa Groover
McEnearney Associates
(703) 919-4426
50 in this area
80 Total Sales
-
Buyer's Agent in 2018
Chris Fraser
Pearson Smith Realty, LLC
(703) 568-2123
3 in this area
38 Total Sales
-
Buyer's Agent in 2012
Kira Elvey
Keller Williams Capital Properties
(305) 815-2880
4 Total Sales
Map
Source: Bright MLS
MLS Number: VAAX249696
APN: 080.02-05-03
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