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700 MOUNT AIRY TER NE #106
About This Property
Gatherings at Potomac Station is just minutes from Historic Downtown Leesburg - enjoy brand-new condos close to shopping & dining!
*Receive 2% towards closing costs until 4/30/2024! **Photos are of the actual home with virtual staging. (Additional restrictions may apply. See New Home Counselor for complete details.)
Look for parking along California Avenue near the paved steps/ramp between the main buildings. Follow the signs and take the steps or ramp to our building entrance. Please use keypad to call our 2nd-floor MODEL SALES OFFICE.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 15, 2024 | Sold | ||
Sold | |||
Apr 23, 2024 | In contract | - | |
In contract | |||
Mar 16, 2024 | Price Decreased |
$459,999
↓ $30K
(6.1%) | |
Price Decreased | |||
Jan 2, 2024 | Price Decreased |
$489,999
↓ $6K
(1.2%) | |
Price Decreased | |||
Oct 5, 2023 | Listed by Pearson Smith Realty, LLC | $495,999 | |
Listed by Pearson Smith Realty, LLC |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/10/2024
|
3 Bed
|
2 Bath
|
1871 ft²
|
$625,999
3 Bed
2 Bath
1871 ft²
|
$550,000
-12.14%
03/28/2024
|
-
|
Vicki Benson
Pearson Smith Realty, LLC
| |
11/16/2023
|
2 Bed
|
2 Bath
|
1410 ft²
|
$449,999
2 Bed
2 Bath
1410 ft²
|
$425,000
-5.56%
04/23/2024
|
-
|
Vicki Benson
Pearson Smith Realty, LLC
| |
10/05/2023
|
2 Bed
|
2 Bath
|
1532 ft²
|
$495,999
2 Bed
2 Bath
1532 ft²
|
$459,999
-7.26%
05/15/2024
|
-
|
Vicki Benson
Pearson Smith Realty, LLC
| |
10/05/2023
|
3 Bed
|
2 Bath
|
1871 ft²
|
$599,999
3 Bed
2 Bath
1871 ft²
|
$594,499
-0.92%
03/13/2024
|
-
|
Vicki Benson
Pearson Smith Realty, LLC
| |
10/05/2023
|
2 Bed
|
2 Bath
|
1410 ft²
|
$504,999
2 Bed
2 Bath
1410 ft²
|
$479,000
-5.15%
12/27/2023
|
-
|
Vicki Benson
Pearson Smith Realty, LLC
|
Building Info
- 3 Units for Sale
About Potomac Station
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