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1502 North Edison Street

1502 North Edison Street, Arlington, VA 22205
Sold Apr 20, 2015
$1,155,000
$625,500 by George Mason Mortgage Llc
Mortgage
Sold Jun 08, 2009
$818,000
$623,000 by Wells Fargo Bank
Mortgage
1502 North Edison Street has been categorized by the local assessors in Arlington, VA as a residential type of property. The building on the property was first built in 1937 and is 87 years old. However, we must point out that the home was most recently renovated and altered in 1987. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1502 North Edison Street has 1,891 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 576 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 11,369 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 361 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B+ by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1502 North Edison Street sold most recently in Apr 17, 2015 for a total of $1,155,000. If you work out the math, that's approximately a cost of $610.79 per sqft. Before that, the property was also sold for $818,000 in Jun 5, 2009. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,575 in taxes each year. 1502 North Edison Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,220,900. If we break it down further, the land itself was valued at $868,400. Improvements to the property, however, were assessed at a total of $352,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1987
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B+
  • Construction Type: Brick
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 576
  • Garage Type: Detached
  • Garage Square Area: 361
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 11,369
  • Total Building Area: 1,891
  • Building Area: 1,891
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,891
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.261
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Motor vehicles (cars, trucks, etc.)
  • Legal Description 1: LOT 3 BK 2 FOREST PARK ADDN WAYCROFT & ADJ PT LOT 9 E LARCHMONT 11,369 SQ FT

Ownership

  • Current Owner : BENNETT JOHN C
  • Previous Owner : CLAYTON MICHAEL J
  • Owner Before Previous Owner: JONATHAN F ORTMANS CO T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Arlington County Public Schools
  • Census Tract: 100900

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 052-02
  • Parcel: 09-031-033
  • Latitude: 38.8872
  • Longitude: -77.1253

    Address

  • Full Address: 1502 N Edison St
  • Address - House Number: 1502
  • Street Direction: N
  • Address - Street Name: Edison
  • Address - Suffix Type: St
  • State: VA
  • City Name: Arlington
  • Carrier Code: C011
  • 4-Digit Zip Code: 2638
  • Zip Code: 22205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,575

    Appraisal Valuation

  • Standard Deviation: 0.1523
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 81
  • Final Value: 1,391,792
  • High Value: 1,603,802
  • Low Value: 1,179,781

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $977,500
  • First Open Lien Mortgage Lender: GEORGE MASON MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 20, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $625,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: WASHINGTONFIRST BANK
  • Second Open Lien Mortgage Recording Date: Apr 20, 2015
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $352,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $1,220,900
  • Market Land Value: $868,400
  • Market Improvement Value: $352,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,220,900
  • Assessed Land Value: $868,400
  • Assessed Improvements Value: $352,500

    Sales

  • Current Sale Contract Date: Apr 17, 2015
  • Current Sale Recording Date: Apr 20, 2015
  • Current Sale Transaction ID: 1220939721
  • Current Sale Price: $1,155,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 08, 2009
  • Previous Sale Contract Date: Jun 05, 2009
  • Previous Sale Amount: $818,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GEORGE MASON MORTGAGE LLC
  • First Mortgage Transaction Date: Apr 20, 2015
  • First Mortgage Loan Amount: $625,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • Second Mortgage Lender: WASHINGTONFIRST BANK
  • Second Mortgage Transaction Date: Apr 20, 2015
  • Second Current Mortgage Financing Type: Variable
  • Second Mortgage Loan Amount: $352,000
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Credit Line (Revolving)

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK
  • Previous Mortgage Transaction Date: Jun 08, 2009
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $623,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Waycroft - Woodlawn



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Frequently Asked Questions

What neighborhood is 1502 North Edison Street located in?
The 1502 North Edison Street is a located in the neighborhood of Waycroft - Woodlawn in Waycroft - Woodlawn, Arlington.
What is the average sales price for listings in 1502 North Edison Street?
The average sales price for units in 1502 North Edison Street is $0 currently.

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