3901 BELLE RIVE TERRACE
About This Property
Six or seven bedrooms, including main level with full bath. Four upstairs, one main, one lower, one used as a River Observatory. The Primary and Secondary Bedrooms upstairs have their own private Balconies.
In the back yard, there are two circular Patios overlooking the River that have been the scene of many a Family Gathering, including Weddings. It is simply a spectacular location for entertaining! To the left of the Patios, the family had always thought of adding a Pool.
There are few locations on the Potomac in Fairfax County that are truly Waterfront. Several communities have large buffers between the houses/lots and the River. The Belle Rive lots go right to the water; several have private Docks. This home has a perfect location for a Dock on its right/southeastern corner. Alternately, a quarter mile away is Mansion House Yacht Club (and Pool)
The Estate needs some updating - primarily Kitchen and Baths. It has hardwoods on the main level; carpet upstairs. Three-zone HVAC (heat pumps), & a second Kitchen downstairs. Natural gas is available on the street.
For an idea of value/opportunity, 4001 Belle Rive Terrace sold in March for $3,200,000. Riverfront as well, and nicely remodeled in 2017. Their basement is underground, versus ours with full River views from the walkout Lower Level. It had only 2,865 sqft on the main and upper levels vs this house at 4,522. The per-square-foot price for 4001 BRT was $1,235. Ours is half - $659 per sqft. 3901 BRT IS MUCH MORE HOUSE AT HALF THE PRICE PER SQFT!!! Plenty of room to make changes and still be well below recent waterfront comps.
We are happy to do a FaceTime tour of the house with you any time!
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 13, 2024 | Sold | ||
| Sold | |||
| Jan 28, 2024 | In contract | - | |
| In contract | |||
| Nov 2, 2023 | Listed by Corcoran McEnearney | $2,980,000 | |
| Listed by Corcoran McEnearney | |||
| Nov 30, 2021 | Sold | ||
| Sold | |||
| Oct 20, 2021 | Listed by Corcoran McEnearney | $2,300,000 | |
| Listed by Corcoran McEnearney | |||
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About Mount Vernon
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Phone: 425-283-2930
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