542 South Lancaster Street

542 South Lancaster Street in Arlington, VA was first built in 2002 and is 22 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 542 South Lancaster Street has 2,700 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 6,131 square feet.

Learn more about the property and building on this page. There is a porch. The roof of the home is made of composition shingle. For those who need parking, there is a attached garage. The garage is 504 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood siding. 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 forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 542 South Lancaster Street sold most recently in Sep 19, 2014 for a total of $690,000. If you work out the math, that's approximately a cost of $255.56 per sqft. Before that, the property was also sold for $454,800 in Nov 1, 2001. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,570 in taxes each year. 542 South Lancaster Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $929,100. If we break it down further, the land itself was valued at $548,100. Improvements to the property, however, were assessed at a total of $381,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.