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4512 Olley Lane

4512 Olley Lane, Fairfax, VA 22032
Property in Fairfax
Sold Jun 26, 2023
$900,000
$720,000 by Virginia National Bank
Mortgage Due Mar 06, 2054
4512 Olley Lane has been categorized by the local assessors in Fairfax, VA as a residential type of property. The building on the property was first built in 1977 and is 47 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4512 Olley Lane has 1,242 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 72,307 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split foyer style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 484 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from none system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 4512 Olley Lane was last sold in Jun 23, 2023 for $900,000. According to our calculations, that's $521.44 per sqft. Current property owners are expected to pay $7,726 in taxes per year. The property on 4512 Olley Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $675,650. To break that down further, the land itself was valued at $301,000. While improvements to the property were assessed at a total of $374,650. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

Building Features

Facilities

Laundry Room

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Construction Type: Frame
  • Building Style: Split foyer
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement with daylight
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 72,307
  • Total Building Area: 1,726
  • Gross Building Area: 1,726
  • Building Area: 1,242
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,242
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: LITTLE RUN ESTATES
  • Land Acres: 1.66
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: LITTLE RUN ESTATES LT 7B

Ownership

  • Current Owner : BOSCH HOMES LLC
  • Previous Owner : THANH PHAM CHI
  • Previous Owner 2: THANH NINH K
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Fairfax County Public Schools
  • Census Tract: 440501

Zoning

  • Zoning: 110

Geography

  • District: Nov 30, 2002
  • Parcel: 0692-02-0007B
  • Lot: 7B
  • Municipality: BRADDOCK
  • Latitude: 38.8255
  • Longitude: -77.268

    Address

  • Full Address: 4512 Olley Ln
  • Address - House Number: 4512
  • Address - Street Name: Olley
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Fairfax
  • Carrier Code: C066
  • 4-Digit Zip Code: 2128
  • Zip Code: 22032

Valuation

    Tax

  • Total Area: 1,242
  • Tax Year: 2022
  • Tax Amount: $7,726
  • Tax Rate Code Area: 30000

    Appraisal Valuation

  • Standard Deviation: 0.0979
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 90
  • Final Value: 853,757
  • High Value: 937,423
  • Low Value: 770,091

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $720,000
  • First Open Lien Mortgage Lender: VIRGINIA NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Mar 06, 2024
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $720,000
  • 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: Mar 06, 2054

    Market Valuation

  • Market Total Value: $675,650
  • Market Land Value: $301,000
  • Market Improvement Value: $374,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $675,650
  • Assessed Land Value: $301,000
  • Assessed Improvements Value: $374,650

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jun 26, 2023
  • Current Sale Transaction ID: 11908723642
  • Current Sale Price: $900,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 28580

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Frequently Asked Questions

What neighborhood is 4512 Olley Lane located in?
The 4512 Olley Lane is a located in the neighborhood of Fairfax in Long Branch, Fairfax.
What is the average sales price for listings in 4512 Olley Lane?
The average sales price for units in 4512 Olley Lane is $0 currently.

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