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505 Monticello Bv

505 Monticello Bv, Alexandria, VA 22305
Sold Sep 27, 2021
$1,000,000
$425,000 by First Savings Mortgage Corpora
Mortgage
Sold Dec 18, 2019
$885,000
Seller
$590,000 by Quicken Loans Inc
Mortgage
505 Monticello Bv has been categorized by the local assessors in Alexandria, VA as a residential type of property. The building on the property was first built in 1952 and is 72 years old. However, we must point out that the home was most recently renovated and altered in 2007. Residents will have access to 3 full bathrooms. There are 3 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, 505 Monticello Bv has 1,616 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 762 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 7,841 square feet.

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 carport for those who require parking. Residents will have the luxury of enjoying a covered porch. Moving on to the building itself. The condition of the building has been evaluated as good. 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 masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B+ by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Sep 20, 2021 for $1,000,000. That's $618.81 per sqft. Prior to that sales transaction, the property was also sold in Dec 18, 2019 for $885,000. 505 Monticello Bv was last assessed in 2022. The total value of the property was assessed at $959,542. Specifically, the land the property is located on was valued at $518,370. While improvements on the property were assessed at a total of $441,172. 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 $11,677. 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.

Building Features

Exterior

Masonry Exterior

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Good
  • Building Quality: B+
  • Construction Type: Masonry
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 762
  • Garage Type: Carport
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,616
  • Building Area: 1,616
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,616
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MONTICELLO PARK
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 3 BLK 6 SEC 7 MONTICELLO PARK

Ownership

  • Current Owner : LANSING MARK D
  • Current Owner 2: LANSING NORA E
  • Previous Owner : KUMAR SUPRIYA
  • Owner Before Previous Owner: BAKER SYBIL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Alexandria City Public Schools
  • Census Tract: 201100

Zoning

  • Zoning: R 8 - SING

Geography

  • Assessors Map Reference: 23.02
  • Section: 7
  • Parcel: 16117500
  • Block: 6
  • Lot: 3
  • Latitude: 38.831
  • Longitude: -77.0715

    Address

  • Full Address: 505 Monticello Blvd
  • Address - House Number: 505
  • Address - Street Name: Monticello
  • Address - Suffix Type: Blvd
  • State: VA
  • City Name: Alexandria
  • Carrier Code: C009
  • 4-Digit Zip Code: 1622
  • Zip Code: 22305

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,677

    Appraisal Valuation

  • Standard Deviation: 0.1196
  • Valuation Date: May 03, 2023
  • Confidence Score: 87
  • Final Value: 1,054,821
  • High Value: 1,181,037
  • Low Value: 928,606

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $425,000
  • First Open Lien Mortgage Lender: FIRST SAVINGS MORTGAGE CORPORA
  • First Open Lien Mortgage Recording Date: Sep 27, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $425,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $959,542
  • Market Land Value: $518,370
  • Market Improvement Value: $441,172

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $959,542
  • Assessed Land Value: $518,370
  • Assessed Improvements Value: $441,172

    Sales

  • Current Sale Contract Date: Sep 20, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Transaction ID: 11859473070
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210022472
  • Previous Sale Recording Date: Dec 18, 2019
  • Previous Sale Contract Date: Dec 18, 2019
  • Previous Sale Amount: $885,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SAVINGS MORTGAGE CORPORA
  • First Mortgage Transaction Date: Sep 27, 2021
  • First Mortgage Loan Amount: $425,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Dec 18, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $590,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 505 Monticello Bv located in?
The 505 Monticello Bv is a house located in the neighborhood of Monticello Park in North Ridge - Rosemont, Alexandria.
What is the average sales price for listings in 505 Monticello Bv?
The average sales price for units in 505 Monticello Bv is $0 currently.

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