507 North Payne Street

Local assessors in Alexandria, VA have categorized 507 North Payne Street as a residential type of property. The home was built in 1920 and is 104 years old. It was most recently renovated and altered in 2002. The property's lot size has been calculated to be 1,742 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a row home style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 507 North Payne Street has a total of 800 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 400 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a flat style roof that was made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Nov 10, 2022 for $799,000. That's $998.75 per sqft. Prior to that sales transaction, the property was also sold in Jul 23, 2018 for $659,000. 507 North Payne Street was last assessed in 2023. The total value of the property was assessed at $682,375. Specifically, the land the property is located on was valued at $415,280. While improvements on the property were assessed at a total of $267,095. 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 $7,574. 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! 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.