NOT LISTED FOR SALE

512 N Patrick St Alexandria, VA 22314

Parker-Gray Neighborhood

Estimated Value: $783,000 - $981,000

3 Beds
2 Baths
1,594 Sq Ft
$552/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $650,000 $408 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,139/month

4 Days on Market

Highlights

  • No HOA
  • Central Air
  • Heat Pump System

About This Home

As of December 2020

Amazing Investor opportunity offering 2 unit multi-family rowhome in the heart of Old Town Alexandria. Both units are individually metered for separate utilities. The 1st floor has 1 bed, 1 bath, a washer/dryer, a full kitchen, dinning room and living room. Lower level is currently rented and is on a month to month basis. The 2nd floor unit is vacant. It has 2 bedrooms, 1 full bath, a washer/dryer, full kitchen and living room. This home also can be converted back to a single family home. Tons of opportunity to remodel and keep as an investment property or reconfigure to make it your own. The lot has parking for 4 cars off street in the rear of the property. Being listed "as is".

Last Agent to Sell the Property

Brian Adem

(855) 450-0442 dmvbroker@therealbrokerage.com Real Broker, LLC Listed on: 11/05/2020

Real Broker, LLC

Last Buyer's Agent

Brian Adem

(855) 450-0442 dmvbroker@therealbrokerage.com Real Broker, LLC Listed on: 11/05/2020

Real Broker, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,649

Year Built

  • Built in 1880

Lot Details

  • 2,086 Sq Ft Lot

Home Design

  • Semi-Detached or Twin Home
  • Side-by-Side
  • Shake Siding

Interior Spaces

  • 1,594 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Driveway Spaces

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Parker Gray Subdivision

Listing and Financial Details

  • Tax Lot 512
  • Assessor Parcel Number 064.01-04-15

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,649

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1594
  • Living Area Sq Ft: 1594
  • Price Per Sq Ft: 407.78
  • Above Grade Finished Sq Ft: 1594
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Concrete, Mixed, Shake Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 4
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 297831.00
  • Land Assessed Value: 379151.00
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2086.00
  • Zoning: RB
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 18293794
  • Tax Annual Amount: 7649.00
  • Assessor Parcel Number: 064.01-04-15
  • Tax Lot: 512
  • Tax Year: 2020

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Dec 18, 2020
Sold by
512 North Patrick Street Llc
Bought by
Cakal Zeynep Cihan
Seller's Agent
Brian Adem
Real Broker, LLC
Buyer's Agent
Brian Adem
Real Broker, LLC
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$845,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,386
Avg. Annual Appreciation
6.11%
Original Mortgage
$581,040
Outstanding Balance
$513,713
Interest Rate
2.7%
Mortgage Type
Balloon
Estimated Equity
$366,561

Purchase Details

Listed on
Nov 5, 2020
Closed on
Dec 15, 2020
Sold by
512 North Patrick Street Llc
Bought by
Cakal Zeynep Cihan
Seller's Agent
Brian Adem
Real Broker, LLC
Buyer's Agent
Brian Adem
Real Broker, LLC
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,040
Outstanding Balance
$513,713
Interest Rate
2.7%
Mortgage Type
Balloon
Estimated Equity
$366,561

Purchase Details

Closed on
Jan 15, 1999
Sold by
Lazarus Ronald H
Bought by
Walls Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.7%

Purchase Details

Closed on
Jan 29, 1997
Sold by
Mc Carty Henry T Estate Of
Bought by
512 N Patrick Street Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cakal Zeynep Cihan $650,000 First American Title
Cakal Zeynep Cihan $650,000 Vesta Settlements Llc
Walls Nancy E $120,000 --
512 N Patrick Street Trust $62,700 Island Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cakal Zeynep Cihan $581,040
Closed Cakal Zeynep Cihan $581,040
Previous Owner Walls Nancy E $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $650,000 0.0% $408 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $650,000 -- $408 / Sq Ft
Source: Bright MLS

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 $8,986 $730,554 $478,048 $252,506
2024 $8,986 $691,944 $452,783 $239,161
2023 $7,681 $691,944 $452,783 $239,161
2022 $7,528 $678,215 $452,783 $225,432
2021 $7,515 $676,982 $379,151 $297,831
2020 $8,580 $676,982 $379,151 $297,831
2019 $6,931 $613,346 $329,697 $283,649
2018 $6,931 $613,346 $329,697 $283,649
2017 $6,568 $581,259 $314,296 $266,963
2016 $5,983 $557,626 $302,208 $255,418
2015 $5,816 $557,626 $302,208 $255,418
2014 $5,816 $557,626 $302,208 $255,418
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Brian Adem

    Real Broker, LLC

    (703) 836-6001

    1 in this area

    62 Total Sales

    Brian Adem
    Section Image
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Map

Source: Bright MLS

MLS Number: VAAX253050

Bright MLS

APN: 064.01-04-15

Virginia Alexandria County Alexandria 22314 Parker-Gray

512 N Patrick St, Alexandria, VA

Not Listed for Sale

Townhouses

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