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625 South Fayette Street

625 South Fayette Street, Alexandria, VA 22314
Property in Jefferson Homes
Sold May 03, 2021
$763,000
Sold Mar 29, 2018
$625,000
$500,000 by Mclean Mortgage Corporation
Mortgage
Local assessors in Alexandria, VA have categorized 625 South Fayette Street as a residential type of property. The home was built in 1950 and is 74 years old. It was most recently renovated and altered in 2007. The property's lot size has been calculated to be 2,178 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 3 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 625 South Fayette Street has a total of 1,152 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 576 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 - B. 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. 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, 625 South Fayette Street sold most recently in Apr 28, 2021 for a total of $763,000. If you work out the math, that's approximately a cost of $662.33 per sqft. Before that, the property was also sold for $625,000 in Mar 28, 2018. 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 $9,459 in taxes each year. 625 South Fayette Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $797,839. If we break it down further, the land itself was valued at $389,291. Improvements to the property, however, were assessed at a total of $408,548. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1950
  • Effective Year Built: 2007
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Masonry
  • Building Style: Row home
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 576
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JEFFERSON HOMES
  • Land Acres: 0.05
  • Standard Land Use Code: Row house (residential)
  • Legal Description 1: LOT 29 SEC 2 JEFFERSON HOMES (B-190-1)

Ownership

  • Current Owner : BARTNIK-VELLA NICOLE MONIKA
  • Current Owner 2: VELLA JESSE AARON
  • Previous Owner : PHILLIPS CHRISTOPHER
  • Previous Owner 2: PHILLIPS CHRISTINA NASUTI
  • Owner Before Previous Owner: 625 S FAYETTE ST LLC A VIRGINIA LIMITED
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Alexandria City Public Schools
  • Census Tract: 200703

Zoning

  • Zoning: RB - TOWNH

Geography

  • Assessors Map Reference: 80.01
  • Section: 2
  • Parcel: 10547000
  • Block: 1
  • Lot: 29
  • Latitude: 38.7993
  • Longitude: -77.0542

    Address

  • Full Address: 625 S Fayette St
  • Address - House Number: 625
  • Street Direction: S
  • Address - Street Name: Fayette
  • Address - Suffix Type: St
  • State: VA
  • City Name: Alexandria
  • Carrier Code: C003
  • 4-Digit Zip Code: 3903
  • Zip Code: 22314

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,459

    Appraisal Valuation

  • Standard Deviation: 0.1176
  • Valuation Date: May 03, 2023
  • Confidence Score: 87
  • Final Value: 843,746
  • High Value: 943,053
  • Low Value: 744,438

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $610,400
  • First Open Lien Mortgage Lender: NFM LENDING
  • First Open Lien Mortgage Recording Date: May 03, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $610,400
  • 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: $797,839
  • Market Land Value: $389,291
  • Market Improvement Value: $408,548

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $797,839
  • Assessed Land Value: $389,291
  • Assessed Improvements Value: $408,548

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Transaction ID: 11834444754
  • Current Sale Price: $763,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210011521
  • Previous Sale Recording Date: Mar 29, 2018
  • Previous Sale Contract Date: Mar 28, 2018
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NFM LENDING
  • First Mortgage Transaction Date: May 03, 2021
  • First Mortgage Loan Amount: $610,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MCLEAN MORTGAGE CORPORATION
  • Previous Mortgage Transaction Date: Mar 29, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 625 South Fayette Street located in?
The 625 South Fayette Street is a located in the neighborhood of Jefferson Homes in Downtown Alexandria, Alexandria.
What is the average sales price for listings in 625 South Fayette Street?
The average sales price for units in 625 South Fayette Street is $0 currently.

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