tomo logo

$1,300,000

Beds
3
Baths
2.0
sq ft
1,655

1000 Janneys Ln, Alexandria, VA 22302

1000 Janneys Ln

ALEXANDRIA, VA 22302

  • 167 days on market
Discover your ideal abode on this expansive lot nestled in one of the most coveted locales. Rarely do parcels of this magnitude surface. This property, a corner jewel, currently hosts a tenant who contributes $3,300 monthly, totaling $39,600 annually. Their lease extends until July 2025, ensuring stability. Your options abound: You can buy this as is with a tenant or construct a brand new single-family residence spanning three levels with a 2-car garage, or explore the potential for (4) 2-bedroom units, promising a lucrative $16,000 monthly income as a rental asset. Brand new homes can sell for $2,500,000–$2,900,000.Envision your masterpiece; the seller is open to financing for the right developer. Seize this chance – your dream awaits. For the right price offer 60-90day notice for tenants is possible.

Details

Property type

Single Family Residence

Est. home value

$899,971

Lot size

0.33 acres

Price per sq ft

$786

Year built

1938

Annual property taxes

$809,427

HOA

No

Price History

04/21/2024
Bright

Bright #VAAX2033244

Listed
$1,300,000

Schools & Community

Neighborhood: 

Taylor Run

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

ALEXANDRIA CITY

Community features: 

Sidewalks

School district: 

ALEXANDRIA CITY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

3Rd Party Individual

Loan start date

August 2022

Original loan amount

$550,000

Est. remaining balance

Not provided

Interest rate

5.78%

Loan type

Seller take-back, 25 year

Seller

Francis H Fannon Iv

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/04/2024 at 8:15 PM

Listing updated: 08/14/2024 at 6:34 AM

Listed by: Sebrin Adem, RE/MAX Allegiance Phone #: (703) 237-9500

MLS: Bright #VAAX2033244

Bright logo

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