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7120 Park Terrace Drive

7120 Park Terrace Drive, Alexandria, VA 22307
Property in Fort Hunt
Sold Jul 21, 2014
$780,000
$271,700 by Nrl Fcu
Mortgage Due Aug 01, 2033
7120 Park Terrace Drive in Alexandria, VA was first built in 1958 and is 66 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a split level style. It is a single story home. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 7120 Park Terrace Drive has 2,120 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. The basement is 464 sqft and has been categorized as a full basement with daylight. In total, the area measurement of the land is 19,836 square feet.

Learn more about the property and building on this page. There is a porch and a patio. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 441 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of brick. Walk inside and you'll find flooring throughout the home. 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 heating system and being fueled with electricity. 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. The property was last sold in Jul 17, 2014 for $780,000. That's $257.85 per sqft. 7120 Park Terrace Drive was last assessed in 2022. The total value of the property was assessed at $908,630. Specifically, the land the property is located on was valued at $381,000. While improvements on the property were assessed at a total of $527,630. 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 $10,865. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Full basement with daylight
  • Basement Area: 464
  • Garage Type: Attached
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 19,836
  • Total Building Area: 3,025
  • Gross Building Area: 3,155
  • Building Area: 2,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,120
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MARLAN HEIGHTS
  • Land Acres: 0.455
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: MARLAN HEIGHTS LT 33A1 BLK 1 SEC 3

Ownership

  • Current Owner : WYNNE JAMES H
  • Previous Owner : BARRERA TR MARTHA
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Fairfax County Public Schools
  • Census Tract: 415600

Zoning

  • Zoning: 130

Geography

  • Assessors Map Reference: 093-4
  • District: Dec 31, 2005
  • Section: 3
  • Parcel: 0934-04010033A1
  • Block: 1
  • Lot: 33A
  • Municipality: MT VERNON DIST #1
  • Latitude: 38.762
  • Longitude: -77.0522

    Address

  • Full Address: 7120 Park Terrace Dr
  • Address - House Number: 7120
  • Address - Street Name: Park Terrace
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Alexandria
  • Carrier Code: C022
  • 4-Digit Zip Code: 2004
  • Zip Code: 22307

Valuation

    Tax

  • Total Area: 2,058
  • Tax Year: 2022
  • Tax Amount: $10,865
  • Tax Rate Code Area: 60100

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 87
  • Final Value: 1,052,110
  • High Value: 1,174,095
  • Low Value: 930,125

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $331,700
  • First Open Lien Mortgage Lender: NRL FCU
  • First Open Lien Mortgage Recording Date: Jul 30, 2018
  • First Open Lien Mortgage Loan Amount: $271,700
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2033
  • Second Open Lien Mortgage Lender: NRL FCU
  • Second Open Lien Mortgage Recording Date: Aug 29, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $60,000
  • Second Open Lien Mortgage Term: 299
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 30, 2043

    Market Valuation

  • Market Total Value: $908,630
  • Market Land Value: $381,000
  • Market Improvement Value: $527,630

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $908,630
  • Assessed Land Value: $381,000
  • Assessed Improvements Value: $527,630

    Sales

  • Current Sale Contract Date: Jul 17, 2014
  • Current Sale Recording Date: Jul 21, 2014
  • Current Sale Transaction ID: 11471248844
  • Current Sale Price: $780,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2014018894001

    Last Sale Mortgage

  • First Mortgage Lender: NRL FCU
  • First Mortgage Transaction Date: Jul 21, 2014
  • First Mortgage Loan Amount: $355,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Fort Hunt



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Frequently Asked Questions

What neighborhood is 7120 Park Terrace Drive located in?
The 7120 Park Terrace Drive is a located in the neighborhood of Fort Hunt in Fort Hunt, Alexandria.
What is the average sales price for listings in 7120 Park Terrace Drive?
The average sales price for units in 7120 Park Terrace Drive is $0 currently.

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