NOT LISTED FOR SALE

Estimated Value: $1,177,000 - $1,261,000

-- Bed
3 Baths
4,359 Sq Ft
$281/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $1,133,000 $260 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,661/month

Highlights

  • Deck
  • 1 Fireplace
  • 1 Car Detached Garage
  • Wood Flooring
  • Circular Driveway
  • 4-minute walk to Chambliss Park

About This Home

As of April 2024

Prepare to be astonished by this remarkable multi-family property, also zoned single family home (R12), nestled in Alexandria City, strategically located near Baileys Crossroads, Route 395, Route 7, and just minutes away from the heart of Washington D.C. Boasting three units designed for versatile living arrangements, whether it's multi-generational cohabitation, assisted living facilities, daycare centers, or various other applications, this property offers boundless potential. Qualifies for multi-family FHA 1 to 4 units as Owner occupied.Situated on a generous 1/3 acre plot, the property provides ample parking space and a sprawling backyard, offering residents both convenience and tranquility. Each of the three units is thoughtfully designed to accommodate diverse lifestyles and needs, promising both comfort and functionality.One of the units is currently tenant occupied, generating a steady income stream with a monthly rent roll of $2500. This investment opportunity not only offers immediate returns but also holds promising potential for further development or customization to suit your vision.Don't miss out on this extraordinary opportunity to own a versatile multi-family property in a prime location. Whether you're looking for a lucrative investment or a place to call home with extended family, this property has it all. Schedule a viewing today and unlock the endless possibilities that await you. Your next great investment starts here.

Last Agent to Sell the Property

Jennifer Johnson

Metro Realty 360 License #0225083246 Listed on: 04/03/2024

Last Buyer's Agent

Carl Goran Olsson

Douglas Elliman of Metro DC, LLC - Bethesda License #SP98364431

Douglas Elliman of Metro DC, LLC - Bethesda

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,551

Year Built

  • Built in 1977

Lot Details

  • 0.35 Acre Lot
  • Property is in excellent condition

Parking

  • 1 Car Detached Garage
  • Handicap Parking
  • Side Facing Garage
  • Circular Driveway
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking
  • Secure Parking
  • Fenced Parking

Home Design

  • Triplex
  • Split Level Home
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 4,359 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Wood Flooring

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Entry Slope Less Than 1 Foot
  • Solar owned by seller

Community Details

  • 3 Units
  • Shirley Forest Subdivision

Listing and Financial Details

  • Tax Lot 09-11-01
  • Assessor Parcel Number 50202510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,551

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Accessibility Features: Entry Slope <1'
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1977
  • Automatically Close On Close Date: No
  • Remarks Public: Prepare to be astonished by this remarkable multi-family property, also zoned single family home (R12), nestled in Alexandria City, strategically located near Baileys Crossroads, Route 395, Route 7, and just minutes away from the heart of Washington D.C. Boasting three units designed for versatile living arrangements, whether it's multi-generational cohabitation, assisted living facilities, daycare centers, or various other applications, this property offers boundless potential. Qualifies for multi-family FHA 1 to 4 units as Owner occupied. Situated on a generous 1/3 acre plot, the property provides ample parking space and a sprawling backyard, offering residents both convenience and tranquility. Each of the three units is thoughtfully designed to accommodate diverse lifestyles and needs, promising both comfort and functionality. One of the units is currently tenant occupied, generating a steady income stream with a monthly rent roll of $2500. This investment opportunity not only offers immediate returns but also holds promising potential for further development or customization to suit your vision. Don't miss out on this extraordinary opportunity to own a versatile multi-family property in a prime location. Whether you're looking for a lucrative investment or a place to call home with extended family, this property has it all. Schedule a viewing today and unlock the endless possibilities that await you. Your next great investment starts here.
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Basement: No
  • Total Sq Ft: 4359
  • Living Area Sq Ft: 4359
  • Price Per Sq Ft: 274.15
  • Above Grade Finished Sq Ft: 4359
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5625

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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
  • Parking Features: Circular Driveway, Gravel Driveway, Fenced, Handicap Parking, Secure Parking
  • Garage Features: Garage - Side Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage, Driveway, On Street, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Ductless/Mini-Split, Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Schools

  • School District: ALEXANDRIA CITY PUBLIC SCHOOLS
  • School District Key: 121139111593
  • School District Source: Listing Agent

Green Features

  • Green Power: Pv Solar Array(s) Owned

Lot Info

  • Land Use Code: 22
  • Lot Size Acres: 0.35
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15291.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R 12
  • Zoning Description: Can be a multi family or single family home it is zoned for either - please check both listings.
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 30000.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 11551.00
  • Assessor Parcel Number: 50202510
  • Tax Lot: 09-11-01
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 04/26/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Apr 25, 2024
Sold by
Freeman Steve and Freeman Rowena K
Bought by
Lundegard Anders O
Seller's Agent
Jennifer Johnson
Metro Realty 360
Buyer's Agent
Carl Goran Olsson
Douglas Elliman of Metro DC, LLC - Bethesda
List Price
$1,195,000
Sold Price
$1,133,000
Premium/Discount to List
-$62,000
-5.19%
Views
24
Current Estimated Value
$1,224,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,816
Avg. Annual Appreciation
5.77%
Original Mortgage
$849,750
Outstanding Balance
$838,311
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$386,505

Purchase Details

Listed on
Apr 3, 2024
Closed on
Mar 12, 2024
Sold by
Council Of Co-Owners Of Alexandria Knoll
Bought by
Council Of Co-Owners Of Alexandria Knolls Wes
Seller's Agent
Jennifer Johnson
Metro Realty 360
Buyer's Agent
Carl Goran Olsson
Douglas Elliman of Metro DC, LLC - Bethesda
List Price
$1,195,000
Sold Price
$1,133,000
Premium/Discount to List
-$62,000
-5.19%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$849,750
Outstanding Balance
$838,311
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$386,505

Purchase Details

Closed on
Feb 13, 2024
Sold by
Council Of Co-Owners Of Alexandria Knoll
Bought by
Council Of Co-Owners Of Alexandria Knolls Wes

Purchase Details

Closed on
Jun 17, 2005
Sold by
Tiernan Dorothy
Bought by
Freeman Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
5.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Lundegard Anders O $1,133,000 First American Title
Council Of Co-Owners Of Alexandria Knolls Wes -- None Listed On Document
Council Of Co-Owners Of Alexandria Knolls Wes -- None Listed On Document
Freeman Steve $530,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lundegard Anders O $849,750
Previous Owner Freeman Steve $250,000
Previous Owner Freeman Steve $584,000
Previous Owner Freeman Steven $584,000
Previous Owner Freeman Steve $598,576
Previous Owner Freeman Steve $563,695
Previous Owner Freeman Steve $116,000
Previous Owner Freeman Steve $480,000
Previous Owner Freeman Steve $30,000
Previous Owner Freeman Steve $79,000
Previous Owner Freeman Steve $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $1,133,000 -5.2% $260 / Sq Ft
04/03/2024 04/03/24 For Sale $1,195,000 -- $274 / 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 $13,622 $1,109,526 $414,437 $695,089
2024 $13,622 $1,109,526 $414,437 $695,089
2023 $12,316 $1,109,526 $414,437 $695,089
2022 $11,968 $1,078,180 $406,090 $672,090
2021 $10,423 $939,047 $353,122 $585,925
2020 $7,750 $884,592 $333,133 $551,459
2019 $6,423 $568,411 $311,339 $257,072
2018 $6,423 $568,411 $311,339 $257,072
2017 $6,255 $553,562 $299,333 $254,229
2016 $5,940 $553,562 $299,333 $254,229
2015 $5,712 $547,693 $293,464 $254,229
2014 $5,558 $532,872 $255,186 $277,686
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAAX2032658

Bright MLS

APN: 010.01-09-22