704 S Fairfax St Alexandria, VA 22314
Old Town Neighborhood
3
Beds
2.5
Baths
2,000
Sq Ft
1,350
Sq Ft Lot
Highlights
- City View
- Traditional Floor Plan
- Loft
- Federal Architecture
- Wood Flooring
- 4-minute walk to Windmill Hill Park
About This Home
As of March 2025Old Town’s SW Quadrant - Townhouse on Rare Double Lot Offers Endless Possibilities!
This elegant 3BR/2.5BA brick townhouse sits on an exceptional oversized double lot (parcels 704 & 702-A) offering unique development potential. Beyond the historic charm and modern updates inside, the additional lot provides prime potential development such as a garage/carrriage house or an accessory dwelling unit (ADU), expanding both living and investment options (subject to restrictions).
The home itself is rich in character, featuring hardwood floors, large windows, and two wood-burning fireplaces. The inviting living room leads to a spacious formal dining room with built-ins, while the updated kitchen boasts granite countertops, stainless steel appliances, and French doors opening to an oversized private garden—ideal for entertaining or future expansion.
Upstairs, the primary suite includes a Juliet balcony, two large closets, and an ensuite bath, while the second bedroom features built-ins framing a cozy fireplace. A versatile loft level offers flexible space perfect for a third bedroom, home office, or bonus space. The lower level includes a generous laundry room with ample storage.
Currently configured with rare off-street parking for two vehicles, this property presents endless possibilities for expansion while maintaining its historic character. Located just blocks from Alexandria's waterfront, shops and restaurants. With easy access to King Street Metro, Reagan National Airport, Washington, DC, and major commuter routes, the location is perfect for commuters. This property is a standout for those looking to invest in Old Town’s charm — with the added benefit of future expansion potential.
Last Agent to Sell the Property
RE/MAX Distinctive Real Estate, Inc. License #SP98364425
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $13,267
Year Built
- Built in 1978
Lot Details
- 1,350 Sq Ft Lot
- Privacy Fence
- Back Yard Fenced
- 702-A S Fairfax St
- Property is in excellent condition
Property Views
- City
- Garden
Home Design
- Federal Architecture
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 2,000 Sq Ft Home
- Property has 4 Levels
- Traditional Floor Plan
- Skylights
- 2 Fireplaces
- Double Hung Windows
- French Doors
- Living Room
- Formal Dining Room
- Loft
- Wood Flooring
- Unfinished Basement
- Laundry in Basement
Kitchen
- Eat-In Country Kitchen
- Breakfast Area or Nook
- Gas Oven or Range
- Range Hood
- Ice Maker
- Dishwasher
- Upgraded Countertops
- Wine Rack
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Parking Spaces
- On-Street Parking
Outdoor Features
- Balcony
- Patio
Schools
- Lyles-Crouch Elementary School
- George Washington Middle School
- Alexandria City High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Old Town Alexandria Subdivision, Gorgeous Floorplan
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 12426500
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2025 03/14/25 | Sold | $1,650,000 | -2.7% | $825 / Sq Ft |
| 02/13/2025 02/13/25 | Price Changed | $1,695,000 | -3.1% | $848 / Sq Ft |
| 01/21/2025 01/21/25 | For Sale | $1,750,000 | -- | $875 / Sq Ft |
Source: Bright MLS
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 | $14,084 | $1,168,955 | $621,250 | $547,705 |
| 2023 | $12,250 | $1,103,597 | $564,773 | $538,824 |
| 2022 | $11,881 | $1,070,370 | $537,879 | $532,491 |
| 2021 | $11,006 | $991,556 | $488,981 | $502,575 |
| 2020 | $11,005 | $943,236 | $444,528 | $498,708 |
| 2019 | $10,249 | $906,958 | $423,360 | $483,598 |
| 2018 | $10,249 | $906,958 | $423,360 | $483,598 |
| 2017 | $10,036 | $888,144 | $412,917 | $475,227 |
| 2016 | $9,530 | $888,144 | $412,917 | $475,227 |
| 2015 | $8,872 | $850,606 | $375,379 | $475,227 |
| 2014 | $8,732 | $837,196 | $357,504 | $479,692 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $224,000 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,650,000 | Mbh Settlement |
Source: Public Records
Similar Homes in Alexandria, VA
Source: Bright MLS
MLS Number: VAAX2040144
APN: 080.02-08-33
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