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1862 Michael Faraday Drive

1862 Michael Faraday Drive, Reston, VA 20190
Property in Reston
Sold Dec 16, 2021
$841,775
$741,775 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2052
1862 Michael Faraday Drive in Reston, VA was first built in 2021 and is 3 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a tri-level style. There are a total of 3 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1862 Michael Faraday Drive has 1,632 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 272 sqft and has been categorized as a full basement with daylight. In total, the area measurement of the land is 755 square feet.

Learn more about the property and building on this page. The roof of the home is made of materials that we aren't sure of. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. 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, 1862 Michael Faraday Drive sold most recently in Dec 9, 2021 for a total of $841,775. If you work out the math, that's approximately a cost of $515.79 per sqft. 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 $9,611 in taxes each year. 1862 Michael Faraday Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $807,300. If we break it down further, the land itself was valued at $312,000. Improvements to the property, however, were assessed at a total of $495,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Style: Tri-level
  • Exterior Walls Type: Brick
  • Roof Cover Type: Other
  • Floor Count: 3
  • Basement Type: Full basement with daylight
  • Basement Area: 272
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 755
  • Total Building Area: 1,632
  • Gross Building Area: 1,632
  • Building Area: 1,632
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,632
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MIDLINE
  • Land Acres: 0.017
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: MIDLINE SUBDIVISION LT 11

Ownership

  • Current Owner : KELLER GREGORY JOSEPH
  • Current Owner 2: LEE RAY HENRY
  • Previous Owner : MIDLINE ASSOCIATES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Fairfax County Public Schools
  • Census Tract: 481900

Zoning

  • Zoning: 350

Geography

  • District: Apr 30, 2001
  • Parcel: 0174-39010011
  • Lot: 11
  • Municipality: HUNTER MILL DIST #5
  • Latitude: 38.9475
  • Longitude: -77.3338

    Address

  • Full Address: 1862 Michael Faraday Dr
  • Address - House Number: 1862
  • Address - Street Name: Michael Faraday
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Reston
  • Carrier Code: C017
  • 4-Digit Zip Code: 5487
  • Zip Code: 20190

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,611
  • Tax Rate Code Area: 10500

    Appraisal Valuation

  • Standard Deviation: 0.1044
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 89
  • Final Value: 910,790
  • High Value: 1,005,916
  • Low Value: 815,664

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $741,775
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Dec 16, 2021
  • First Open Lien Mortgage Loan Amount: $741,775
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $807,300
  • Market Land Value: $312,000
  • Market Improvement Value: $495,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $807,300
  • Assessed Land Value: $312,000
  • Assessed Improvements Value: $495,300

    Sales

  • Current Sale Contract Date: Dec 09, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Transaction ID: 11875475948
  • Current Sale Price: $841,775
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021178655.001

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Dec 16, 2021
  • First Mortgage Loan Amount: $741,775
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

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Frequently Asked Questions

What neighborhood is 1862 Michael Faraday Drive located in?
The 1862 Michael Faraday Drive is a located in the neighborhood of Reston in Reston, Reston.
What is the average sales price for listings in 1862 Michael Faraday Drive?
The average sales price for units in 1862 Michael Faraday Drive is $0 currently.

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