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5039 Tibbitt Lane

5039 Tibbitt Lane, Burke, VA 22015
Property in Fairfax
Sold Oct 13, 2021
$422,000
$409,340 by Fairway Independent Mortgage C
Mortgage Due Nov 01, 2051
Sold Sep 01, 2005
$400,000
$320,000 by First Franklin
Mortgage
5039 Tibbitt Lane in Burke, VA was first built in 1971 and is 53 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 bi-level style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5039 Tibbitt Lane has 1,188 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 297 sqft and has been categorized as a full basement. In total, the area measurement of the land is 1,430 square feet.

Learn more about the property and building on this page. There is a patio. The roof of the home is made of composition shingle. 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. 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 masonry control joints. The exterior walls of the home are made of alum/vinyl siding. 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 heating system and being fueled with electricity. The property was last sold in Oct 8, 2021 for $422,000. That's $284.18 per sqft. Prior to that sales transaction, the property was also sold in Aug 31, 2005 for $400,000. 5039 Tibbitt Lane was last assessed in 2022. The total value of the property was assessed at $391,320. Specifically, the land the property is located on was valued at $130,000. While improvements on the property were assessed at a total of $261,320. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,475. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Masonry
  • Building Style: Bi-level
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 297
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 1,430
  • Total Building Area: 1,485
  • Gross Building Area: 1,485
  • Building Area: 1,188
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,188
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKE BRADDOCK
  • Land Acres: 0.033
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LAKE BRADDOCK LT 4 SEC 4T

Ownership

  • Current Owner : LIU EDWARD JAMES
  • Previous Owner : LIU GLORIA CUELLAR
  • Owner Before Previous Owner: VELASQUEZ DOLORES ISMAEL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Fairfax County Public Schools
  • Census Tract: 431802

Zoning

  • Zoning: 303

Geography

  • Assessors Map Reference: 069-4
  • District: Nov 30, 2002
  • Section: 4T
  • Parcel: 0694-11-0004
  • Lot: 4
  • Municipality: BRADDOCK
  • Latitude: 38.8135
  • Longitude: -77.2688

    Address

  • Full Address: 5039 Tibbitt Ln
  • Address - House Number: 5039
  • Address - Street Name: Tibbitt
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Burke
  • Carrier Code: C001
  • 4-Digit Zip Code: 1519
  • Zip Code: 22015

Valuation

    Tax

  • Total Area: 1,188
  • Tax Year: 2022
  • Tax Amount: $4,475
  • Tax Rate Code Area: 30000

    Appraisal Valuation

  • Standard Deviation: 0.1145
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 88
  • Final Value: 474,267
  • High Value: 528,587
  • Low Value: 419,948

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $409,340
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Oct 13, 2021
  • First Open Lien Mortgage Loan Amount: $409,340
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $391,320
  • Market Land Value: $130,000
  • Market Improvement Value: $261,320

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $391,320
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $261,320

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Transaction ID: 11860092109
  • Current Sale Price: $422,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021153503.001
  • Previous Sale Recording Date: Sep 01, 2005
  • Previous Sale Contract Date: Aug 31, 2005
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Oct 13, 2021
  • First Mortgage Loan Amount: $409,340
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FRANKLIN
  • Previous Mortgage Transaction Date: Sep 01, 2005
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $320,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Burke



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Frequently Asked Questions

What neighborhood is 5039 Tibbitt Lane located in?
The 5039 Tibbitt Lane is a located in the neighborhood of Fairfax in Burke, Burke.
What is the average sales price for listings in 5039 Tibbitt Lane?
The average sales price for units in 5039 Tibbitt Lane is $0 currently.

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