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1240 Martha Custis Drive

1240 Martha Custis Drive, Alexandria, VA 22302
1 Units For Sale
Unit for sale at 1240 MARTHA CUSTIS DR, ALEXANDRIA, VA 22302

$395,000

  • 2 Beds
  • 1 Bath
1240 MARTHA CUSTIS DR, ALEXANDRIA, VA 22302 Listing by Lenwood Johnson

1240 Martha Custis Drive is a condo located in Parkfairfax Condominiums, Alexandria. The building was first built in 1941 and is 83 years old. 1240 Martha Custis Drive has a total of 3 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 1 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 88 days and tend to sell below the original asking price of $377,000 by 5.73%. Meaning, listings tend to sell at a median of $405 price per square foot. The transaction that took the longest to complete was listed on May 28, 2020 for $399,900. This particular unit ultimately sold 88 days later for $377,000. The most recent transaction which was first advertised on May 28, 2020, sold for $377,000 on Aug 24, 2020. Fun fact, the oldest transaction we have on record took place on Aug 24, 2020. See the full transaction history for 1240 Martha Custis Drive below.

Parkfairfax Condominiums, where 1240 Martha Custis Drive is located, has a median asking price of $355,000 for condo buildings. Meanwhile, the building itself has a median asking price of $377,000. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $395,000. It is a 2-bedroom and 1-bathroom unit.

Building Features

Exterior

Brick Exterior

Building Style

Colonial
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220825
08/25/2022
2 Bed
1 Bath
930 ft²
$400,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
930 ft²
-
-
-
Allen Johnson
Keller Williams Realty
20200528
05/28/2020
2 Bed
1 Bath
930 ft²
$399,900
bedrooms
2 Bed
bathrooms
1 Bath
square feet
930 ft²
$377,000 -5.73%
08/24/2020
Timothy Pierson

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 2002
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Good
  • Building Quality: B+
  • Construction Type: Masonry
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,144
  • Total Building Area: 930
  • Building Area: 930
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 930
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARKFAIRFAX CONDO
  • Land Acres: 0.049
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 515-1240 PARKFAIRFAX

Ownership

  • Current Owner : MELGAR JESSICA
  • Current Owner 2: LUGO GIOVANNI
  • Previous Owner : TRUEBLOOD TRAVIS WILLIAM
  • Owner Before Previous Owner: ROBINSON JOHNATHAN
  • Owner Before Previous Owner 2: ROBINSON JESSAMINE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Alexandria City Public Schools
  • Census Tract: 201000

Zoning

  • Zoning: RB - TOWNH

Geography

  • Assessors Map Reference: 13.02
  • Parcel: 50216730
  • Block: A
  • Lot: 515.124
  • Latitude: 38.8417
  • Longitude: -77.0804

    Address

  • Full Address: 1240 Martha Custis Dr
  • Legal Unit: 515
  • Address - House Number: 1240
  • Address - Street Name: Martha Custis
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Alexandria
  • Carrier Code: C009
  • 4-Digit Zip Code: 2016
  • Zip Code: 22302

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,226

    Appraisal Valuation

  • Standard Deviation: 0.0506
  • Valuation Date: May 10, 2023
  • Confidence Score: 99
  • Final Value: 394,669
  • High Value: 414,671
  • Low Value: 374,666

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $387,845
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 04, 2023
  • First Open Lien Mortgage Loan Amount: $387,845
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2053

    Market Valuation

  • Market Total Value: $369,649
  • Market Land Value: $126,505
  • Market Improvement Value: $243,144

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $369,649
  • Assessed Land Value: $126,505
  • Assessed Improvements Value: $243,144

    Sales

  • Current Sale Contract Date: May 03, 2023
  • Current Sale Recording Date: May 04, 2023
  • Current Sale Transaction ID: 11906377581
  • Current Sale Price: $395,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3957
  • Previous Sale Recording Date: Aug 24, 2020
  • Previous Sale Contract Date: Aug 17, 2020
  • Previous Sale Amount: $377,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: May 04, 2023
  • First Mortgage Loan Amount: $387,845
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: NORTH AMERICAN SAVINGS BANK FS
  • Previous Mortgage Transaction Date: Aug 24, 2020
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $390,572
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Sep 01, 2050

About North Ridge - Rosemont



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Frequently Asked Questions

What neighborhood is 1240 Martha Custis Drive located in?
The 1240 Martha Custis Drive is a condo located in the neighborhood of Parkfairfax Condominiums in North Ridge - Rosemont, Alexandria.
How many listings are currently for sale in 1240 Martha Custis Drive?
There is a listing currently on the market for sale.
What is the average sales price for listings in 1240 Martha Custis Drive?
The average sales price for units in 1240 Martha Custis Drive is $377,000 , or $405/sqft. currently.

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