NOT LISTED FOR SALE

5102 Observation Way Alexandria, VA 22312

Estimated Value: $615,000 - $646,000

3 Beds
4 Baths
1,934 Sq Ft
$328/Sq Ft Est. Value

Last Sold June 27, 2013

Last sale price $434,500 $225 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,904/month

Highlights

  • Colonial Architecture
  • 1 Car Attached Garage
  • Gas Fireplace
  • Wood Flooring
  • Central Heating and Cooling System
  • 1-minute walk to Lincolnia Park

About This Home

As of October 2021

Beautiful 3 level Townhouse in Alexandria . Great Location, minutes away from shopping, dinning and Public Transportation. Just a few blocks from I-395. Close to Dc and Historic Alexandria downtown. Two miles away from Van Dorn metro station and I-495. First level features ample Recreation room with a gas fireplace, half bathroom and a sliding door leading to a patio back to the woods. Gleaming Hardwood floors throughout first level. Light filled Kitchen with stainless steel appliances with a lot of counter and cabinets space. Bright, cozy breakfast nook with a Bay window. Half bathroom, Spacious Dining room - Living room with a lot of natural light , nice size deck perfect for entertaining . On the second level we have the Master Bedroom with cathedral ceilings, private full bathroom with a waking closet. Two more bedrooms with a full bathroom and laundry room.

Last Agent to Rent the Property

Amanda Martinez

(571) 296-4744 amandamartinez1860@gmail.com Gallery Realty LLC License #603130 Listed on: 10/11/2021

Last Renter's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,945

Year Built

  • Built in 1992

Lot Details

  • 1,520 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Gas Fireplace
  • Finished Basement
  • Walk-Out Basement
  • Laundry on upper level

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Weyanoke Elementary School
  • Holmes Middle School
  • Annandale High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,550
  • Tenant pays for gutter cleaning, minor interior maintenance, light bulbs/filters/fuses/alarm care, all utilities
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 10/15/21
  • $35 Application Fee
  • $100 Repair Deductible
  • Assessor Parcel Number 0723 31 0002

Community Details

Overview

  • Property has a Home Owners Association
  • Lincolnia Mews Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Deposit $500

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,945

Year Built

Built in 1992

Lot Details

0

Parking

1

Rental Info

  • Date Available: 2021-10-15
  • Application Fee: 35.00
  • Pet Deposit: 500.00
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Security Deposit: 2550.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Gutter Cleaning, Minor Interior Maintenance, Light Bulbs/Filters/Fuses/Alarm Care, Utilities - All
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2021-10-11
  • Federal Flood Zone: No
  • Year Built: 1992
  • Repair Deductible: 100.00
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Hardwood, Partially Carpeted
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Walkout Level
  • Laundry Type: Upper Floor
  • Total Sq Ft: 1934
  • Living Area Sq Ft: 1934
  • Price Per Sq Ft: 1.76
  • Above Grade Finished Sq Ft: 1452
  • Below Grade Finished Sq Ft: 482
  • Total Below Grade Sq Ft: 482
  • 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: Brick
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: WEYANOKE
  • High School: ANNANDALE
  • Middle Or Junior School: HOLMES

Lot Info

  • Horses: No
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1520.00
  • Zoning: 212

Tax Info

  • Assessor Parcel Number: 19362216
  • Assessor Parcel Number: 0723 31 0002

MLS Schools

  • School District Name: FAIRFAX COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2013
Closed on
Jun 27, 2013
Sold by
Funkhouser Tr Michael D
Bought by
Orozco Jose E
Seller's Agent
Annette Hinaman
Corcoran McEnearney
Buyer's Agent
Mike LaBrash
Samson Properties
List Price
$435,000
Sold Price
$434,500
Premium/Discount to List
-$500
-0.11%
Current Estimated Value
$633,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,416
Avg. Annual Appreciation
3.08%
Original Mortgage
$345,600
Outstanding Balance
$246,890
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$387,026

Purchase Details

Closed on
Jun 26, 2003
Sold by
Mattin Assad
Bought by
Funkhouser Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.53%
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
Orozco Jose E $434,500 --
Funkhouser Michael D $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orozco Jose E $345,600
Previous Owner Funkhouser Michael D $268,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2021 10/31/21 Rented $2,550 0.0% --
10/24/2021 10/24/21 For Rent $2,550 0.0% --
10/17/2021 10/17/21 Under Contract -- -- --
10/11/2021 10/11/21 For Rent $2,550 +6.3% --
09/01/2020 09/01/20 Rented $2,400 0.0% --
08/10/2020 08/10/20 Under Contract -- -- --
08/07/2020 08/07/20 For Rent $2,400 +2.3% --
05/31/2019 05/31/19 Rented $2,345 0.0% --
05/29/2019 05/29/19 Under Contract -- -- --
05/09/2019 05/09/19 For Rent $2,345 +2.2% --
10/16/2017 10/16/17 Rented $2,295 0.0% --
10/16/2017 10/16/17 Under Contract -- -- --
09/22/2017 09/22/17 For Rent $2,295 +4.3% --
09/14/2016 09/14/16 Rented $2,200 -8.3% --
09/14/2016 09/14/16 Under Contract -- -- --
07/21/2016 07/21/16 For Rent $2,400 0.0% --
06/27/2013 06/27/13 Sold $434,500 -0.1% $225 / Sq Ft View Prior Sale
05/15/2013 05/15/13 Pending -- -- --
05/09/2013 05/09/13 For Sale $435,000 -- $225 / 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 $6,945 $622,480 $165,000 $457,480
2024 $6,945 $599,490 $160,000 $439,490
2023 $6,765 $599,490 $160,000 $439,490
2022 $6,136 $536,570 $145,000 $391,570
2021 $5,685 $484,460 $130,000 $354,460
2020 $5,589 $472,240 $130,000 $342,240
2019 $5,261 $444,560 $120,000 $324,560
2018 $4,923 $428,110 $113,000 $315,110
2017 $4,970 $428,110 $113,000 $315,110
2016 $4,960 $428,110 $113,000 $315,110
2015 $4,642 $415,930 $110,000 $305,930
2014 $4,631 $415,930 $110,000 $305,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAFX2024766

Bright MLS

APN: 0723-31-0002