tomo logo

$1,080,680Estimated home value

Beds
3
Baths
2.0
sq ft
1,271

4500 Franconia Rd, Alexandria, VA 22310

4500 Franconia Rd

ALEXANDRIA, VA 22310

  • Off market
INVESTOR OPPORTUNITY! Listed as LAND as well, VAFX2162146. Value is in the land. Large 1.12 acre lot that can be subdivided and developed. Multiple residential units are possible. Instant cash flow. The home is tenant occupied and may continue lease with same tenant. Great Fairfax County location. Minutes from DC, Old city Alexandria, National Harbor, New Amazon HQ and conveniently located close to multiple metro/subway stations, Reagan International airport, I-495, restaurants and shopping. Please do not disturb the Tenant. No showings available.

Details

Property type

Single Family Residence

Est. home value

$1,080,680

Lot size

1.12 acres

Price per sq ft

$866

Year built

1950

Annual property taxes

$6,898

HOA

No

Price History

07/30/2024
Bright

Bright #VAFX2162140

Removed
$1,100,000
02/01/2024
Bright

Bright #VAFX2162140

Listed
$1,100,000
+80.92%
04/18/2022
Bright

Bright #VAFX2055946

Sold
$608,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

EDISON

School district: 

FAIRFAX COUNTY PUBLIC SCHOOLS

Negotiation Insights

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

Seller could get up to

$576,473
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$435,527
Cash to seller
$576,473

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Cornerstone Mortgage Services Inc

Loan start date

April 2022

Original loan amount

$456,000

Est. remaining balance

$435,527

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Shishir Nahar

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: Off Market

Tomo last checked: 10/04/2024 at 8:05 PM

Listing updated: 07/24/2024 at 2:25 AM

Listed by: Toya L Lodon, Agency Realty, LLC Phone #: (703) 528-2151

MLS: Bright #VAFX2162140

Bright logo

Recently listed in ALEXANDRIA