3216 PATRICK HENRY DRIVE
About This Property
The main level includes a primary bedroom with an attached full bathroom, along with two additional spacious bedrooms and an updated hall bath, offering a comfortable and functional layout. The fully finished walkout lower level feels bright and livable, with a large recreation area, two flexible bonus rooms ideal for a home office or guest space, a half bath, and ample storage.
Outside, mature landscaping frames the deck, patio, and fully fenced yard, creating a private outdoor setting designed for relaxation and entertaining. Major system updates include new kitchen appliances and a new HVAC system in 2024, a hot water heater replaced in 2022, and a partially rebuilt chimney completed in 2025. Ideally located near Route 7, I-66, and I-495, The Patrick Henry Retreat offers easy access to Falls Church favorites like Clare and Don's Beach Shack, Northside Social, and Thompson Italian, as well as nearby parks, trails, and everyday shopping.
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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%.
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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.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Jan 27, 2026 | In contract | - | |
| In contract | |||
| Jan 20, 2026 | Listed by TTR Sotheby's International Realty | $874,900 | |
| Listed by TTR Sotheby's International Realty | |||
| Mar 6, 2022 | No longer available | - | |
| No longer available | |||
| Mar 3, 2022 | In contract | - | |
| In contract | |||
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About Lake Barcroft
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017