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10602 SPRINGVALE LANE
About This Property
The main level is designed for busy days. A drop-zone mudroom with custom built-ins sits right off the entry, ready for backpacks, sports gear, and leashes. Durable dark wood floors run throughout, and natural light fills the open layout. The kitchen centers on a large island with seating, with white cabinetry, granite countertops, and stainless steel appliances. It opens to the living area with a gas fireplace, so you can cook while keeping an eye on everyone. A formal dining room and a private office behind French doors round out the level.
Upstairs, an open loft with hardwood floors makes an ideal playroom, homework space, or second family room. The primary suite is a true retreat, with a spa-style bath featuring a deep soaking tub, frameless glass shower, and dual vanity. A second bedroom has its own en suite bath and walk-in closet, and two more generous bedrooms share a full hall bath. The upper-level laundry room with utility sink sits right where the laundry happens.
The newly finished lower level adds a fifth bedroom, a new full bath with tiled walk-in shower, a media room for movie nights, and an oversized rec room with durable LVP flooring. Double sliding doors lead straight out to the backyard. A large unfinished area provides plenty of storage or room to grow.
Fawn Lake's amenities make every weekend feel like vacation: a 288-acre lake with sandy beach, marina, and canoe/kayak launches; an outdoor pool overlooking the water; sports fields; tennis and pickleball courts; a dog park; miles of nature trails; a fitness center; and the 18-hole Arnold Palmer Signature Golf Course, known as "Virginia's Masterpiece."
Newer construction, lower energy costs, and a gated lake community. Come see it today.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $950,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Jul 17, 2023 | Sold | ||
| Sold | |||
| Jun 14, 2023 | In contract | - | |
| In contract | |||
| Apr 27, 2023 | Listed by Belcher Real Estate, LLC. | $784,000 | |
| Listed by Belcher Real Estate, LLC. | |||
| | |||
| Oct 26, 2021 | Sold | ||
| Sold | |||
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About Spotsylvania
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017