$880,163
RENTED OCT 21, 2024

5350 Gainsborough Dr Fairfax, VA 22032

1 Bed
1 Bath
450 Sq Ft
0.27 Acres

Last Sold February 25, 2016

Last sale price $528,000 $1,173 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $5,588/month

Highlights

  • Wall Furnace
  • Laurel Ridge Elementary School Rated A-
  • 1-minute walk to Royal Lake Park

About This Home

As of October 2024

New private entry addition. All utilities included in rent. Great location near 495, 395, 66. Separate bedroom and living room. Lots of natural light, vaulted ceilings. Brand new floors, bathrooms, wet bar, appliance, Everything is brand new! Recessed lights, beautifully tiled shower all the way up the 9-10 foot wall, Sky lights. Some outdoor space. Great rental unit!

Last Agent to Rent the Property

Colin Richey

Richey Real Estate Services License #SP200205871 Listed on: 07/22/2024

Last Renter's Agent

Dee Maharjan

Spring Hill Real Estate, LLC.

Spring Hill Real Estate, LLC.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,224

Year Built

  • Built in 1971

Lot Details

  • 0.27

Parking

  • On-Street Parking

Interior Spaces

  • 450 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,500
  • Rent includes water, sewer, electricity, trash removal
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 8/16/24
  • $60 Application Fee
  • Assessor Parcel Number 0693 05 0701

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Kings Park West Subdivision

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$9,224

Year Built

Built in 1971

Lot Details

0

Rental Info

  • Date Available: 2024-08-16
  • Application Fee: 60.00
  • Pets Allowed: No
  • Rent Includes: Water, Sewer, Electricity, Trash Removal
  • Security Deposit: 1500.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-07-22
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: New private entry addition. All utilities included in rent. Great location near 495, 395, 66. Separate bedroom and living room. Lots of natural light, vaulted ceilings. Brand new floors, bathrooms, wet bar, appliance, Everything is brand new! Recessed lights, beautifully tiled shower all the way up the 9-10 foot wall, Sky lights. Some outdoor space. Great rental unit!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 450
  • Living Area Sq Ft: 450
  • Price Per Sq Ft: 3.33
  • Above Grade Finished Sq Ft: 450
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5350

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Spa: 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: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: FAIRFAX COUNTY PUBLIC SCHOOLS
  • School District Key: 121138392980
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 011
  • Lot Size Acres: 0.27
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11906.00
  • Zoning: RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 0693 05 0701
  • Tax Total Finished Sq Ft: 1841
  • Close Date: 10/21/2024

MLS Schools

  • School District Name: FAIRFAX COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2015
Closed on
Feb 25, 2016
Sold by
Wcm Partners Llc
Bought by
Rezk Adel and Mohamed Sara
Seller's Agent
Roy Kohn
Redfin Corporation
Buyer's Agent
Cynthia Foss
Long & Foster Real Estate, Inc.
List Price
$548,000
Sold Price
$528,000
Premium/Discount to List
-$20,000
-3.65%
Current Estimated Value
$880,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,163
Avg. Annual Appreciation
5.86%
Original Mortgage
$422,400
Outstanding Balance
$338,189
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$566,483
Source: Public Records

Range of Values:

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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
Rezk Adel $528,000 Rgs Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohamed Sara $40,000
Open Rezk Adel $422,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2024 10/21/24 Rented $1,650 +10.0% --
10/02/2024 10/02/24 For Rent $1,500 0.0% --
10/02/2024 10/02/24 Off Market $1,500 -- --
09/09/2024 09/09/24 Price Changed $1,500 -6.3% $3 / Sq Ft
07/22/2024 07/22/24 For Rent $1,600 +14.3% --
08/19/2021 08/19/21 Rented $1,400 0.0% --
08/18/2021 08/18/21 Under Contract -- -- --
08/02/2021 08/02/21 Price Changed $1,400 -6.0% $3 / Sq Ft
07/16/2021 07/16/21 For Rent $1,490 +14.6% --
06/18/2020 06/18/20 Rented $1,300 0.0% --
06/09/2020 06/09/20 Under Contract -- -- --
06/05/2020 06/05/20 For Rent $1,300 0.0% --
05/26/2020 05/26/20 Under Contract -- -- --
05/14/2020 05/14/20 For Rent $1,300 -7.1% --
12/30/2019 12/30/19 Rented $1,400 +7.7% --
11/18/2019 11/18/19 For Rent $1,300 0.0% --
11/18/2019 11/18/19 Off Market $1,300 -- --
02/25/2016 02/25/16 Sold $528,000 -3.6% $375 / Sq Ft
01/18/2016 01/18/16 Pending -- -- --
12/22/2015 12/22/15 For Sale $548,000 0.0% $389 / Sq Ft
12/14/2015 12/14/15 Pending -- -- --
11/03/2015 11/03/15 Price Changed $548,000 -2.1% $389 / Sq Ft
10/13/2015 10/13/15 Price Changed $560,000 -0.9% $397 / Sq Ft
09/23/2015 09/23/15 For Sale $565,000 -- $401 / 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
2024 $9,224 $796,220 $281,000 $515,220
2023 $9,193 $814,650 $281,000 $533,650
2022 $8,204 $717,480 $256,000 $461,480
2021 $7,390 $629,770 $236,000 $393,770
2020 $7,205 $608,780 $221,000 $387,780
2019 $6,444 $544,520 $216,000 $328,520
2018 $6,065 $527,380 $216,000 $311,380
2017 $5,870 $505,580 $206,000 $299,580
2016 $5,513 $475,840 $191,000 $284,840
2015 $5,350 $479,370 $191,000 $288,370
2014 $5,195 $466,510 $181,000 $285,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAFX2192516

Bright MLS

APN: 0693-05-0701