Welcome to this charming top floor condo in the sought-after
Northgate Condo community in Reston! This beautiful unit offers an
exceptional living experience with all utilities included in the
condo fee, providing a hassle-free lifestyle. Step inside to find a
cozy and inviting space with modern updates and thoughtful
features. The open living and dining area is perfect for
entertaining or relaxing, with large windows allowing natural light
to fill the space. The washer, dryer, microwave, dishwasher, and
disposer were all replaced in 2021. The electric panel was replaced
in 2018, ensuring peace of mind for years to come. One of the
highlights of this condo is the private balcony that backs to
mature trees, offering a serene and picturesque view. It's the
perfect spot to enjoy your morning coffee or unwind after a long
day. The building features geothermal systems for the HVAC
and water heater, contributing to energy efficiency, and the condo
maintains those systems. Residents of Northgate Square enjoy
a variety of amenities, including proximity to Reston's numerous
recreational facilities such as pools, tennis courts, pickleball
cours, and miles of paved paths. The community's location is
unbeatable, with Lake Anne shopping, dining, and the weekly farmers
market just blocks away. Convenient access to Wiehle Metro (2
miles), Reston Town Center, and Dulles Airport makes commuting and
travel a breeze. Welcome Home!
Unit Size
726 Ft²
Days on Market
3 days
Land Size
-
Price per sqft
$365
Property Type
Condo
Property Taxes
$200
HOA Dues
$1,275
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
HOA/Condo/Coop Amenities: Common Grounds, Club House, Golf Course Membership Available, Jog/Walk Path, Bike Trail, Non-Lake Recreational Area, Soccer Field, Tennis Courts, Lake, Picnic Area, Pool - Outdoor, Swimming Pool, Tot Lots/Playground, Volleyball Courts
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