NOT LISTED FOR SALE

505 S Wayne St Arlington, VA 22204

Penrose Neighborhood

Estimated Value: $587,000 - $646,000

2 Beds
1 Bath
956 Sq Ft
$648/Sq Ft Est. Value

Sale Details

Date Sold: July 21, 2012

Last sale price $388,360 $406 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,849 / mo

6 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Living Room
  • Thomas Jefferson Middle School Rated A-
  • Galley Kitchen
  • 2-minute walk to Penrose Park

About This Home

As of July 2012

Cozy home in heart of Penrose. Freshly painted throughout and ready to move in. Spacious living and dining rooms. efficient kitchen leading to beautifully landscaped back yard. Pergo on first floor and hardwood on second floor. Bonus attic room. Welcoming front porch. Just a few steps to Penrose Park. Offers will be reviewed Mon. 6/11 after 6 pm. Call in advance of showing - small child at home.

Last Agent to Sell the Property

Ted Kramer

(703) 847-9111 ted@tedkramer.com Chase Realty Listed on: 06/06/2012

Last Buyer's Agent

Jay Varghese

(703) 883-3788 homesbyjay@gmail.com Evergreen Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,314

Year Built

  • Built in 1940

Lot Details

  • 2,750 Sq Ft Lot
  • Property is in very good condition
  • Property is zoned RA8-18

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Living Room
  • Dining Room

Kitchen

  • Galley Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 109
  • Assessor Parcel Number 24-030-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,314

Year Built

Built in 1940

Lot Details

2,750 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: Kitchen - Galley, Dining Area
  • Fireplace: No
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1
  • Basement: No
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1.00

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Refuse: 344.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 67600.00
  • Land Assessed Value: 242400.00
  • Lot Size Acres: 0.06
  • Lot Size Area: 2750
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2750.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Zoning: RA8-18

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10669825
  • Tax Annual Amount: 3314.04
  • Assessor Parcel Number: 24-030-005
  • Tax Lot: 109
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2012
Closed on
Jun 20, 2012
Sold by
Bought by
Seller's Agent
Ted Kramer
Chase Realty
Buyer's Agent
Jay Varghese
Evergreen Properties
List Price
$379,900
Sold Price
$388,360
Premium/Discount to List
$8,460
2.23%
Current Estimated Value
$619,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,954
Avg. Annual Appreciation
3.41%
Original Mortgage
$368,942
Outstanding Balance
$254,125
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$365,189

Purchase Details

Closed on
Feb 23, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
6.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,600
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,724
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,055
Interest Rate
6.9%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$338,360 --
$397,500 --
$323,500 --
$239,900 --
$162,740 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $368,942
Previous Owner $318,000
Previous Owner $257,600
Previous Owner $221,724
Previous Owner $122,055
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/21/2012 07/21/12 Sold $388,360 +2.2% $406 / Sq Ft
06/12/2012 06/12/12 Pending -- -- --
06/06/2012 06/06/12 For Sale $379,900 -- $397 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,922 $573,300 $485,000 $88,300
2024 $5,819 $563,300 $470,000 $93,300
2023 $5,681 $551,600 $460,000 $91,600
2022 $5,596 $543,300 $440,000 $103,300
2021 $5,225 $507,300 $404,000 $103,300
2020 $4,790 $466,900 $363,600 $103,300
2019 $4,289 $418,000 $313,100 $104,900
2018 $4,191 $416,600 $303,000 $113,600
2017 $3,858 $383,500 $277,800 $105,700
2016 $3,780 $381,400 $265,600 $115,800
2015 $3,636 $365,100 $254,500 $110,600
2014 $3,415 $342,900 $242,400 $100,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Ted Kramer

    Chase Realty

    Section Image

  • J

    Buyer's Agent in 2012

    Jay Varghese

    Evergreen Properties

    (703) 883-3788

    1 Total Sale

    Jay Varghese
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001571515

Bright MLS

APN: 24-030-005

Virginia Arlington County Arlington 22204 Penrose

505 S Wayne St, Arlington, VA

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