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16505 MURRAY PLACE
About This Property
Beyond the backyard, a trail leads directly to Leesylvania State Park, offering miles of scenic trails, nature, fishing, and water access. A marina and public boat launch are located less than two miles away.
Additional updates and features include: • Roof (2017) with 30-year architectural shingles • New gutters with gutter helmets • Repaved driveway (2024) • HVAC coil replaced (2024) • 75-gallon hot water heater (2018) • New deck stairs (2019) • Eight-zone irrigation system • Custom blinds throughout • Security system • Epoxy-coated garage floor with Tesla charger • Walkout basement backing to mature trees
The location is equally impressive, just minutes from Historic Occoquan's waterfront shops and restaurants, Wegman's, I-95, commuter lots, the Rippon and Woodbridge VRE stations, Quantico, Fort Belvoir, the Pentagon, and Washington, D.C. Buyers will also appreciate the flexibility offered through Prince William County's high school specialty and choice programs, providing expanded educational opportunities for a variety of academic interests. One year home warranty through Oct 2027. Exceptionally maintained and truly move-in ready, this is a home where quality craftsmanship, thoughtful updates, and an exceptional location come together.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$775,000
↓ $25K
(3.1%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$799,900
↓ $25K
(3%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Decreased |
$825,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Coldwell Banker Elite | $850,000 | |
| Listed by Coldwell Banker Elite | |||
| Jul 1, 2008 | Sold | ||
| Sold | |||
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About Powells Landing
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017