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6124 Olivet Drive

6124 Olivet Drive, Alexandria, VA 22315
Property in Franconia
Sold Mar 09, 2020
$690,000
$552,000 by Intercoastal Mortgage Co
Mortgage Due Apr 01, 2050
Sold Dec 15, 2017
$9,662,813
Local assessors in Alexandria, VA have categorized 6124 Olivet Drive as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 2,169 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bi-level 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 3 full bathrooms. There are also 4 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 6124 Olivet Drive has a total of 2,432 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 full basement with daylight that is 299 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. The building has a roof that is made of composition shingle. 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 heating system is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 6124 Olivet Drive sold most recently in Mar 9, 2020 for a total of $690,000. If you work out the math, that's approximately a cost of $252.65 per sqft. Before that, the property was also sold for $9,662,813 in Dec 15, 2017. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $9,119 in taxes each year. 6124 Olivet Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $797,460. If we break it down further, the land itself was valued at $295,000. Improvements to the property, however, were assessed at a total of $502,460. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Style: Bi-level
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Full basement with daylight
  • Basement Area: 299
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,169
  • Total Building Area: 2,731
  • Gross Building Area: 2,731
  • Building Area: 2,432
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,432
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CREST OF ALEXANDRIA
  • Land Acres: 0.05
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: CREST OF ALEXANDRIA LT 26

Ownership

  • Current Owner : HO TAN
  • Current Owner 2: DANG ANH
  • Previous Owner : VAN METRE HOMES AT CREST OF ALEXANDRIA L
  • Owner Before Previous Owner: PINEY RUN ELM INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Fairfax County Public Schools
  • Census Tract: 421103

Zoning

  • Zoning: 110

Geography

  • District: Nov 30, 2003
  • Parcel: 1001-14-0026
  • Lot: 26
  • Municipality: LEE
  • Latitude: 38.744
  • Longitude: -77.1555

    Address

  • Full Address: 6124 Olivet Dr
  • Address - House Number: 6124
  • Address - Street Name: Olivet
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Alexandria
  • Carrier Code: C069
  • 4-Digit Zip Code: 3874
  • Zip Code: 22315

Valuation

    Tax

  • Total Area: 2,432
  • Tax Year: 2022
  • Tax Amount: $9,119
  • Tax Rate Code Area: 40000

    Appraisal Valuation

  • Standard Deviation: 0.1044
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 89
  • Final Value: 930,968
  • High Value: 1,028,202
  • Low Value: 833,735

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $552,000
  • First Open Lien Mortgage Lender: INTERCOASTAL MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Mar 09, 2020
  • First Open Lien Mortgage Loan Amount: $552,000
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $797,460
  • Market Land Value: $295,000
  • Market Improvement Value: $502,460

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $797,460
  • Assessed Land Value: $295,000
  • Assessed Improvements Value: $502,460

    Sales

  • Current Sale Contract Date: Mar 09, 2020
  • Current Sale Recording Date: Mar 09, 2020
  • Current Sale Transaction ID: 11748329323
  • Current Sale Price: $690,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020019438.001
  • Previous Sale Recording Date: Dec 15, 2017
  • Previous Sale Contract Date: Dec 15, 2017
  • Previous Sale Amount: $9,662,813
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: INTERCOASTAL MORTGAGE CO
  • First Mortgage Transaction Date: Mar 09, 2020
  • First Mortgage Loan Amount: $552,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

About Franconia



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 6124 Olivet Drive located in?
The 6124 Olivet Drive is a located in the neighborhood of Franconia in Franconia, Alexandria.
What is the average sales price for listings in 6124 Olivet Drive?
The average sales price for units in 6124 Olivet Drive is $0 currently.

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