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$225,000

Beds
2
Baths
1.0
sq ft
1,069

5701 Indian Ct Unit 8, Alexandria, VA 22303

5701 Indian Ct Unit 8

ALEXANDRIA, VA 22303

  • 13 days on market
This income-producing property presents a stable and attractive investment opportunity, with a tenant secured under lease until August. Generating $24,000 in annual rental income, it offers strong potential for long-term cash flow. The unit features a den that can serve as a third bedroom if needed, adding flexibility for tenants or owners. All utilities are included in the condo fee, further reducing operating costs. Additionally, its prime location makes it a convenient choice for Huntington Metro users. Financing options include cash, VA, or a portfolio lender.

Details

Property type

Condominium

Est. home value

$212,142

Lot size

Unknown

Price per sq ft

$211

Year built

1967

Annual property taxes

$2,423

HOA

No

Price History

02/25/2025
Bright

Bright #VAFX2220664

Listed
$225,000
+7.14%
08/03/2023
Bright

Bright #VAFX2131902

Sold
$210,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$135,125
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$71,875
Cash to seller
$135,125

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

Seller’s Loan History

Lender

Network Capital Funding C

Loan start date

October 2010

Original loan amount

$106,000

Est. remaining balance

$71,875

Interest rate

4.36%

Loan type

New Conventional, 30 year

Seller

Calvin M Smith Jr and Sierra L Smith

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: 02/26/2025 at 2:10 AM

Listing updated: 02/25/2025 at 10:39 AM

Listed by: Bret Nida, Redfin Corporation Phone #: (703) 665-6665

MLS: Bright #VAFX2220664

Bright logo

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