518 S Fairfax St Alexandria, VA 22314
Old Town Neighborhood
4
Beds
4
Baths
3,068
Sq Ft
7,730
Sq Ft Lot
Highlights
- 0.18 Acre Lot
- Wood Flooring
- No HOA
- Federal Architecture
- 2 Fireplaces
- 3-minute walk to Windmill Hill Park
About This Home
As of October 2024518 S Fairfax Street is on the market for the first time in 66 years. This is an extremely rare opportunity to own a single-family brick home on a charming and quiet street in the heart of Alexandria’s Historic District. This unique property occupies two spacious lots. The main level has a double living room, each with a fireplace, dining room leading to the kitchen and a spacious family room with laundry closet. The second level has four bedrooms, an office and a sewing room. The primary bedroom shares a full bathroom with the contiguous bedroom. Two closets, a full bathroom and a powder room are located in the hallway. A newer guest house with plumbing and electricity is situated at the back of the property. For convenience and walkability, this is the perfect location. The scenic Potomac River is less than two blocks away. Around the block is a park, neighborhood grocery store and, within easy walking distance, you can enjoy King Street and its numerous shops and restaurants. It is also located less than 10 miles from Washington DC, and less than 5 miles from Reagan National Airport. A new HVAC system has been installed, and a fresh coat of paint has been applied throughout and the lawn, gardens, and hedges have been recently tended to. The home is being sold “as is.”
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $34,250
Year Built
- Built in 1800
Lot Details
- 7,730 Sq Ft Lot
- Property is zoned RM
Parking
- On-Street Parking
Home Design
- Federal Architecture
- Fixer Upper
- Brick Exterior Construction
- Brick Foundation
- Poured Concrete
- Shingle Roof
Interior Spaces
- 3,068 Sq Ft Home
- Property has 2 Levels
- 2 Fireplaces
- Wood Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
Unfinished Basement
- Connecting Stairway
- Interior Basement Entry
Accessible Home Design
- More Than Two Accessible Exits
- Level Entry For Accessibility
Utilities
- Central Air
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- No Home Owners Association
- Old Town Alexandria Subdivision
Listing and Financial Details
- Tax Lot 516-518
- Assessor Parcel Number 12470500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 8, 2024
Closed on
Oct 4, 2024
Sold by
Young Family Trust and Haizlip Virginia
Bought by
Crosby Joseph R and Doroghazi Lauren
Seller's Agent
Mrs. Angela Baker
LPT Realty, LLC
Buyer's Agent
Carol Strasfeld
Unrepresented Buyer Office
List Price
$2,199,000
Sold Price
$1,800,000
Premium/Discount to List
-$399,000
-18.14%
Total Days on Market
34
Views
279
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
$761,072
Avg. Annual Appreciation
48.62%
Original Mortgage
$1,440,000
Outstanding Balance
$1,421,983
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$1,139,089
Purchase Details
Closed on
Jun 26, 2023
Sold by
Habliston Charles C and Habliston Ann Morton
Bought by
Charles C Habliston Iv Trust and Ann Morton Y Habliston Trust
Purchase Details
Closed on
May 1, 2023
Sold by
Young Family Trust
Bought by
Habliston Charles C and Habliston Ann Morton
Similar Homes in Alexandria, VA
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,800,000 | Commonwealth Land Title Insura | |
| Deed | -- | None Listed On Document | |
| Deed | $133,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | Credit Line Revolving | |
| Open | $1,440,000 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/09/2024 10/09/24 | Sold | $1,800,000 | -10.0% | $587 / Sq Ft |
| 09/12/2024 09/12/24 | Pending | -- | -- | -- |
| 09/04/2024 09/04/24 | Price Changed | $1,999,000 | -9.1% | $652 / Sq Ft |
| 08/08/2024 08/08/24 | For Sale | $2,199,000 | -- | $717 / Sq Ft |
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 | $35,067 | $2,056,571 | $1,956,571 | $100,000 |
| 2024 | $35,067 | $3,017,686 | $1,956,571 | $1,061,115 |
| 2023 | $34,578 | $3,115,109 | $2,201,143 | $913,966 |
| 2022 | $31,605 | $2,847,304 | $2,001,039 | $846,265 |
| 2021 | $29,586 | $2,665,390 | $1,819,125 | $846,265 |
| 2020 | $28,368 | $2,479,375 | $1,653,750 | $825,625 |
| 2019 | $27,618 | $2,444,061 | $1,574,983 | $869,078 |
| 2018 | $27,911 | $2,470,008 | $1,679,937 | $790,071 |
| 2017 | $27,007 | $2,390,011 | $1,599,940 | $790,071 |
| 2016 | $25,645 | $2,390,011 | $1,599,940 | $790,071 |
| 2015 | $25,564 | $2,450,976 | $1,660,905 | $790,071 |
| 2014 | $25,564 | $2,450,976 | $1,660,905 | $790,071 |
Source: Public Records
Agents Affiliated with this Home
-
Mrs. Angela Baker
Seller's Agent in 2024
Mrs. Angela Baker
LPT Realty, LLC
(804) 814-7772
1 in this area
16 Total Sales
-
Yizreel Urquijo
Seller Co-Listing Agent in 2024
Yizreel Urquijo
LPT Realty, LLC
(202) 394-9260
2 in this area
57 Total Sales
-
Carol Strasfeld
Buyer's Agent in 2024
Carol Strasfeld
Unrepresented Buyer Office
(301) 806-8871
8 in this area
6,382 Total Sales
Map
Source: Bright MLS
MLS Number: VAAX2036578
APN: 081.01-01-32
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