NOT LISTED FOR SALE

Estimated Value: $3,833,000 - $5,154,277

8.79 Acres
$511,222 Price per Acre
382,892 Sq Ft Lot

Last Sold May 11, 2015

Last sale price $2,600,000

Est. 73% increase in value since last sale

Current estimated payment $29,753/month

Highlights

  • 160 Feet of Waterfront
  • Water Oriented
  • 8.79 Acre Lot
  • Waynewood Elementary School Rated A-
  • River View
  • Stream or River on Lot

About This Lot

As of May 2015

INCREDIBLE $1 MILLION reduction for this fabulous and rare chance to own 8+ acres of historic waterfront property on the Potomac River. Opportunity exists to renovate existing structure or build a magnificent estate. Breathtaking views and neighboring multi million $$ homes provide the ideal setting. Priced well below assessed value. Min. to DC and Old Town, Alex. Direct access onto GW Pkwy.

Last Agent to Sell the Property

Surrie Armstrong

(703) 319-3344 surrie.armstrong@sothebysrealty.com TTR Sothebys International Realty License #MRIS:3012073 Listed on: 08/24/2014

TTR Sothebys International Realty

Last Buyer's Agent

Surrie Armstrong

(703) 319-3344 surrie.armstrong@sothebysrealty.com TTR Sothebys International Realty License #MRIS:3012073 Listed on: 08/24/2014

TTR Sothebys International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $44,324

Lot Details

  • 8.79 Acre Lot
  • 160 Feet of Waterfront
  • No Building Permits
  • Property is zoned 120

Property Views

  • River Views

Listing and Financial Details

  • Assessor Parcel Number 102-4-1- -71

Community Details

Overview

  • No Home Owners Association
  • Collingwood Subdivision

Recreation

  • Water Oriented
  • River Nearby
  • Subject To Department Of Natural Resources Permit
  • Physical Dock Slip Conveys
  • Stream or River on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$44,324

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 7.80

Exterior Features

  • Construction Completed: No
  • View: Water, River
  • Water Access: No
  • Water Body Name: POTOMAC RIVER
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 160

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 383600.00
  • Lot Size Acres: 8.79
  • Lot Size Area: 383110
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 383110.00
  • Possible Use: Residential
  • Zoning: 120

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 19445405
  • Tax Annual Amount: 44323.80
  • Assessor Parcel Number: 102-4-1- -71
  • Tax Page Number: 1024
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Multi Family

  • Dock Slip Conveyance: Subject To Dnr Permit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2014
Closed on
May 11, 2015
Sold by
Foundation For The Collingwood
Bought by
Murrell Tyler D
Seller's Agent
Surrie Armstrong
TTR Sothebys International Realty
Buyer's Agent
Surrie Armstrong
TTR Sothebys International Realty
List Price
$3,999,900
Sold Price
$2,600,000
Premium/Discount to List
-$1,399,900
-35%
Current Estimated Value
$4,493,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,893,639
Avg. Annual Appreciation
5.36%
Original Mortgage
$1,950,000
Outstanding Balance
$1,502,755
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,990,884
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Murrell Tyler D $2,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murrell Tyler D $1,950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2015 05/11/15 Sold $2,600,000 -35.0% --
03/11/2015 03/11/15 Pending -- -- --
08/24/2014 08/24/14 For Sale $3,999,900 -- --
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 $74,780 $6,659,000 $3,854,000 $2,805,000
2024 $74,780 $6,407,000 $3,602,000 $2,805,000
2023 $70,491 $6,203,000 $3,398,000 $2,805,000
2022 $45,060 $3,899,000 $3,299,000 $600,000
2021 $40,944 $3,455,000 $3,055,000 $400,000
2020 $36,763 $3,075,000 $3,055,000 $20,000
2019 $38,952 $3,258,690 $3,055,000 $203,690
2018 $36,383 $3,163,760 $2,966,000 $197,760
2017 $38,612 $3,296,000 $3,090,000 $206,000
2016 $30,834 $3,200,000 $3,000,000 $200,000
2015 $29,230 $4,068,110 $3,673,000 $395,110
2014 -- $3,949,600 $3,566,000 $383,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003177454

Bright MLS

APN: 1024-01-0071