Seller's Agent in 2024
Serif Soydan
EXP Realty, LLC
(312) 330-7300
1 in this area
162 Total Sales
8950 Hooes Rd Lorton, VA 22079
Crosspointe NeighborhoodEstimated Value: $1,116,000 - $1,236,000
5
Beds
3.5
Baths
3,262
Sq Ft
$364/Sq Ft
Est. Value
Highlights
- 3 Acre Lot
- Victorian Architecture
- No HOA
- Silverbrook Elementary School Rated A
- 4 Fireplaces
- 2 Car Detached Garage
About This Home
As of October 2024Attention Investors:
Discover a prime investment opportunity with significant potential returns! This property, zoned R-1 (Residential 1 DU/AC), presents a unique chance to capitalize on a ready-to-go subdivision project while collecting rental income. With a tenant lease in place until November 30, 2025, providing $4,500 per month in rent, you can generate income while finalizing the subdivision process for an additional 2-acre lot.
Key Features:
Subdivision Opportunity: The subdivision plan for three lots is fully prepared and ready for county submission. This allows for the construction of two single-family homes, each approximately 5,000 square feet on 1 acre of land.
County Approval: All county comments have been addressed and confirmed during a county meeting, making the subdivision ready for final approval.
Investment to Date: Over $150K has already been invested in engineering and subdivision preparation. All related documents and applications are available for review in the county records.
Renovated Existing Property: The current house has undergone a complete renovation in 2024, including updates to the roofing, siding, flooring, kitchen, bathrooms, doors, windows, and garage, with a total investment of approximately $400K.
Transfer of Plans: All engineering plans and subdivision documents can be transferred to the new owner, allowing immediate benefit from the subdivision process.
Appraisal Value: Post-subdivision, the appraisal value exceeds $1.8 million for the three lots, with the potential to surpass $4 million after the construction of the two new homes.
Current Home Description:
This stunning, move-in-ready, 4,142 sqft single-family residence is situated on a beautiful 3-acre lot in the heart of Lorton. Originally built in 1913 by Samuel Davis and Mary "Molly" Plaskett—founders of the Lorton area—the Victorian-style home has been meticulously renovated in 2023 to preserve its historical charm while incorporating modern amenities.
Featuring five bedrooms, three full baths, and one-half bath, this spacious home is perfect for professionals seeking a tranquil, nature-filled environment without sacrificing the convenience of city living. The property includes a 2-story, 400 sqft storage shed that can be utilized as storage or an office. The home boasts four original fireplaces with chimneys in the family room, living room, master bedroom, and a second bedroom.
Enjoy summer evenings in the outdoor areas, perfect for entertaining family and friends. The property offers a stunning front and back yard, shaded by large, mature trees, providing the perfect blend of city amenities, vibrant community, and peaceful living.
If you're seeking a unique investment opportunity with the charm of historical living, this property is your ideal choice. Don’t miss out on the chance to make this exceptional home and development opportunity yours!
Last Agent to Sell the Property
(312) 330-7300 serif.soydan@exprealty.com EXP Realty, LLC License #SP200205344 Listed on: 08/23/2024
Co-Listed By
(202) 335-3848 arif@homesforlifestyle.com EXP Realty, LLC License #0225245119
Last Buyer's Agent
datacorrect@brightmls.com Non Subscribing Office License #0225194075
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,479
Year Built
- Built in 1925 | Remodeled in 2023
Lot Details
- 3 Acre Lot
- Property is zoned R-1(RESIDENTIAL 1 DU/AC)
Parking
- 2 Car Detached Garage
- Front Facing Garage
Home Design
- Victorian Architecture
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- Property has 2 Levels
- 4 Fireplaces
- Partially Finished Basement
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- Shed
Schools
- South County High School
Utilities
- Central Air
- Heating Available
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
- Crosspointe Glen Subdivision
Listing and Financial Details
- Assessor Parcel Number 0974 01 0020B
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 30, 2024
Sold by
Alacadag Yusuf
Bought by
Mosaic Investments Llc
Current Estimated Value
Purchase Details
Listed on
Aug 23, 2024
Closed on
Oct 16, 2024
Sold by
Kara Investment Llc
Bought by
Alacadag Yusuf
Seller's Agent
Serif Soydan
EXP Realty, LLC
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,195,000
Sold Price
$1,200,000
Premium/Discount to List
$5,000
0.42%
Views
81
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.85%
Original Mortgage
$915,600
Interest Rate
6.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 16, 2016
Sold by
Equity Trustees Llc and Wilson Dempsey
Bought by
Kara Investment Llc
Create a Home Valuation Report for This Property
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mosaic Investments Llc | -- | None Listed On Document | |
| Alacadag Yusuf | $1,200,000 | Westcor Land Title Insurance C | |
| Kara Investment Llc | $484,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Alacadag Yusuf | $915,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2024 10/16/24 | Sold | $1,200,000 | +0.4% | $368 / Sq Ft |
| 08/23/2024 08/23/24 | For Sale | $1,195,000 | 0.0% | $366 / Sq Ft |
| 11/07/2023 11/07/23 | Rented | $4,500 | 0.0% | -- |
| 09/16/2023 09/16/23 | For Rent | $4,500 | -- | -- |
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 | $8,731 | $1,045,270 | $511,000 | $534,270 |
| 2024 | $8,731 | $753,680 | $469,000 | $284,680 |
| 2023 | $8,505 | $753,680 | $469,000 | $284,680 |
| 2022 | $7,288 | $637,320 | $394,000 | $243,320 |
| 2021 | $7,056 | $601,320 | $358,000 | $243,320 |
| 2020 | $7,117 | $601,320 | $358,000 | $243,320 |
| 2019 | $7,117 | $601,320 | $358,000 | $243,320 |
| 2018 | $6,915 | $601,320 | $358,000 | $243,320 |
| 2017 | $6,981 | $601,320 | $358,000 | $243,320 |
| 2016 | $6,966 | $601,320 | $358,000 | $243,320 |
| 2015 | $6,711 | $601,320 | $358,000 | $243,320 |
| 2014 | $6,696 | $601,320 | $358,000 | $243,320 |
Source: Public Records
Agents Affiliated with this Home
-
Serif Soydan
-
Arif Soydan
Seller Co-Listing Agent in 2024
Arif Soydan
EXP Realty, LLC
(202) 335-3848
1 in this area
17 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
-
N
Buyer's Agent in 2023
Non Member Member
Metropolitan Regional Information Systems
Map
Source: Bright MLS
MLS Number: VAFX2198236
APN: 0974-01-0020B
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