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423 South Payne Street

423 South Payne Street, Alexandria, VA 22314
Sold Aug 02, 2016
$1,192,950
$900,000 by Bank Of America Na
Mortgage Due Nov 17, 2052
423 South Payne Street in Alexandria, VA was first built in 2016 and is 8 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 row home style. There are a total of 4 floors. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 423 South Payne Street has 2,470 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. In total, the area measurement of the land is 871 square feet.

Learn more about the property and building on this page. There is a open porch. For those who need parking, there is a built-in garage. The garage is 464 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as excellent. The exterior walls of the home are made of masonry. Walk inside and you'll find flooring throughout the home. 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 central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 423 South Payne Street was last sold in Jul 29, 2016 for $1,192,950. According to our calculations, that's $482.98 per sqft. Current property owners are expected to pay $15,488 in taxes per year. The property on 423 South Payne Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,342,093. To break that down further, the land itself was valued at $615,825. While improvements to the property were assessed at a total of $726,268. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: Excellent
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Row home
  • Exterior Walls Type: Masonry
  • Floor Count: 4
  • Basement Area: 0
  • Garage Type: Built-in
  • Garage Square Area: 464
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 871
  • Total Building Area: 2,470
  • Building Area: 2,470
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,470
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEST PARC TWNHSES
  • Land Acres: 0.02
  • Standard Land Use Code: Row house (residential)
  • Legal Description 1: LOT 20 WEST-PARC TOWNHOUSES

Ownership

  • Current Owner : MORRIS DANIEL K
  • Current Owner 2: SHERMAN JENNIFER A
  • Previous Owner : M/I HOMES OF DC LLC A DELAWARE LIMITED L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Alexandria City Public Schools
  • Census Tract: 200703

Zoning

  • Zoning: RB - TOWNH

Geography

  • Assessors Map Reference: 74.03
  • Parcel: 60031880
  • Block: 7
  • Lot: 20
  • Latitude: 38.8016
  • Longitude: -77.0547

    Address

  • Full Address: 423 S Payne St
  • Address - House Number: 423
  • Street Direction: S
  • Address - Street Name: Payne
  • Address - Suffix Type: St
  • State: VA
  • City Name: Alexandria
  • Carrier Code: C018
  • 4-Digit Zip Code: 5944
  • Zip Code: 22314

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,488

    Appraisal Valuation

  • Standard Deviation: 0.1135
  • Valuation Date: May 03, 2023
  • Confidence Score: 88
  • Final Value: 1,450,066
  • High Value: 1,614,696
  • Low Value: 1,285,436

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $900,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Nov 30, 2022
  • First Open Lien Mortgage Loan Amount: $900,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Nov 17, 2052

    Market Valuation

  • Market Total Value: $1,342,093
  • Market Land Value: $615,825
  • Market Improvement Value: $726,268

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,342,093
  • Assessed Land Value: $615,825
  • Assessed Improvements Value: $726,268

    Sales

  • Current Sale Contract Date: Jul 29, 2016
  • Current Sale Recording Date: Aug 02, 2016
  • Current Sale Transaction ID: 1729458158
  • Current Sale Price: $1,192,950
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 160011498

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 02, 2016
  • First Mortgage Loan Amount: $954,360
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 423 South Payne Street located in?
The 423 South Payne Street is a located in the neighborhood of Southwest Quadrant in Downtown Alexandria, Alexandria.
What is the average sales price for listings in 423 South Payne Street?
The average sales price for units in 423 South Payne Street is $0 currently.

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