C
Seller's Agent in 2024
Carlos Rodriguez
Fairfax Realty of Tysons
(571) 224-4852
1 in this area
48 Total Sales
40 E Reed Ave Alexandria, VA 22305
Potomac West NeighborhoodEstimated Value: $418,000 - $442,000
2
Beds
1
Bath
680
Sq Ft
$638/Sq Ft
Est. Value
Highlights
- Deck
- No HOA
- Forced Air Heating and Cooling System
- Rambler Architecture
- Stainless Steel Appliances
- 2-minute walk to Lynhaven Gateway Park
About This Home
As of August 2024INVESTORS ALERT! Seize the opportunity to acquire a semi-detached 2-bedroom, 1-bathroom home walking distance to Del Ray, Potomac Yard Shopping Center, public transportation including the new Potomac Yard/VT metro station, close to Amazon HQ2, National Reagan airport, Pentagon/Pentagon City, and DC. The property is nestled on a flat landscaped and fenced lot. Updates in 2019 included new kitchen cabinets, new mosaic ceramic/glass backsplash, new stainless-steel appliances, and a renovated bathroom, which they are still in good condition. Unfortunately, hidden roof leaks and a sudden broken pipe in the front crawl space area damaged most of the hardwood flooring and some dry wall in the upper level. The property has presence of mold mainly in the basement area and some in the upper level as well. With such a convenient location and with no HOA fees, this gem in the works will shine again once you address needed repairs. It has potential to be transformed into a first-time primary home, a rental investment property, or a rehab project with resale value. Due to its condition, the property is sold AS IS and seller is currently requesting cash offers or rehab loans only and a quick settlement. There will be two open houses on Sat 7/13/2024 and Sun 7/14/2024 from 2-4 pm. Please bring your masks and flashlights to inspect the basement. Please watch your steps when walking inside the house as wood floors are uneven. Do not open storm door going from the back bedroom to the deck. It is stuck and it does not open. Deadline to submit offers is set for Tuesday, July 16th at 5 pm. Seller reserves the right to accept or reject any and/or all offers. Pictures will be uploaded soon.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,017
Year Built
- Built in 1947
Lot Details
- 2,625 Sq Ft Lot
- Property is in average condition
Parking
- On-Street Parking
Home Design
- Semi-Detached or Twin Home
- Rambler Architecture
- Fixer Upper
- Frame Construction
Interior Spaces
- 680 Sq Ft Home
- Property has 1 Level
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry in unit
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Rear Basement Entry
- Crawl Space
Outdoor Features
- Deck
Schools
- T.C. Williams High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 14134000
Community Details
Overview
- No Home Owners Association
- Beaumont Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2024
Closed on
Aug 8, 2024
Sold by
Vcas Llc
Bought by
Collective Investment Holdings 4 Llc
Seller's Agent
Carlos Rodriguez
Fairfax Realty of Tysons
Buyer's Agent
John Gordon
EXP Realty, LLC
List Price
$425,000
Sold Price
$425,000
Total Days on Market
6
Views
48
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
$9,042
Avg. Annual Appreciation
3.05%
Original Mortgage
$417,525
Outstanding Balance
$142,402
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
$291,640
Purchase Details
Closed on
Dec 17, 2009
Sold by
Diaz Jose C
Bought by
Chamria Vivek and Saeed Athar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 15, 2004
Sold by
Eubanks Richard D
Bought by
Diaz Jose C and Rivera Yenis M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 18, 1999
Sold by
Jones Guy M
Bought by
Eubanks Richard D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
7.76%
Purchase Details
Closed on
Aug 6, 1997
Sold by
Thieme James D
Bought by
Jones Guy M and Jones Martha B
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 |
|---|---|---|---|
| Collective Investment Holdings 4 Llc | $425,000 | First American Title | |
| Chamria Vivek | $121,000 | -- | |
| Diaz Jose C | $225,000 | -- | |
| Eubanks Richard D | $40,000 | -- | |
| Jones Guy M | $17,330 | Island Title Corp |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Collective Investment Holdings 4 Llc | $417,525 | |
| Previous Owner | Vcas Llc | $250,000 | |
| Previous Owner | Saeed Athar | $117,000 | |
| Previous Owner | Chamria Vivek | $96,000 | |
| Previous Owner | Diaz Jose C | $225,000 | |
| Previous Owner | Eubanks Richard D | $28,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2024 08/12/24 | Sold | $425,000 | 0.0% | $625 / Sq Ft |
| 07/17/2024 07/17/24 | Pending | -- | -- | -- |
| 07/11/2024 07/11/24 | For Sale | $425,000 | 0.0% | $625 / Sq Ft |
| 07/10/2024 07/10/24 | Price Changed | $425,000 | 0.0% | $625 / Sq Ft |
| 10/20/2023 10/20/23 | Rented | $1,950 | 0.0% | -- |
| 10/09/2023 10/09/23 | Under Contract | -- | -- | -- |
| 09/28/2023 09/28/23 | For Rent | $1,950 | 0.0% | -- |
| 09/11/2023 09/11/23 | Off Market | $1,950 | -- | -- |
| 09/07/2023 09/07/23 | For Rent | $1,950 | 0.0% | -- |
| 08/01/2022 08/01/22 | Rented | $1,950 | 0.0% | -- |
| 07/14/2022 07/14/22 | Under Contract | -- | -- | -- |
| 06/08/2022 06/08/22 | For Rent | $1,950 | 0.0% | -- |
| 06/03/2022 06/03/22 | Off Market | $1,950 | -- | -- |
| 05/25/2022 05/25/22 | For Rent | $1,950 | 0.0% | -- |
| 05/21/2022 05/21/22 | Off Market | $1,950 | -- | -- |
| 05/12/2022 05/12/22 | For Rent | $1,950 | +4.0% | -- |
| 08/07/2019 08/07/19 | Rented | $1,875 | -1.1% | -- |
| 08/07/2019 08/07/19 | Under Contract | -- | -- | -- |
| 06/20/2019 06/20/19 | Price Changed | $1,895 | -5.0% | $3 / Sq Ft |
| 05/30/2019 05/30/19 | Price Changed | $1,995 | -4.8% | $3 / Sq Ft |
| 05/17/2019 05/17/19 | For Rent | $2,095 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $4,893 | $375,368 | $240,241 | $135,127 |
| 2023 | $4,167 | $375,368 | $240,241 | $135,127 |
| 2022 | $3,839 | $345,865 | $210,738 | $135,127 |
| 2021 | $3,626 | $326,707 | $191,580 | $135,127 |
| 2020 | $4,127 | $323,645 | $191,580 | $132,065 |
| 2019 | $3,657 | $323,645 | $191,580 | $132,065 |
| 2018 | $3,657 | $323,645 | $191,580 | $132,065 |
| 2017 | $3,464 | $306,590 | $186,000 | $120,590 |
| 2016 | $2,957 | $275,590 | $155,000 | $120,590 |
| 2015 | $2,800 | $268,469 | $147,879 | $120,590 |
| 2014 | $2,474 | $237,205 | $147,879 | $89,326 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Rodriguez
-
John Gordon
Buyer's Agent in 2024
John Gordon
EXP Realty, LLC
(703) 740-7322
1 in this area
71 Total Sales
-
Kristie Zimmerman
Seller's Agent in 2023
Kristie Zimmerman
Compass
(703) 786-6155
158 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2023
datacorrect BrightMLS
Non Subscribing Office
-
Rachel Lima
Seller's Agent in 2019
Rachel Lima
KW United
(703) 278-2679
51 Total Sales
-
John Elmore
Buyer's Agent in 2019
John Elmore
Weichert Corporate
(703) 624-5625
9 Total Sales
Map
Similar Homes in Alexandria, VA
Source: Bright MLS
MLS Number: VAAX2035670
APN: 015.02-05-20
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