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9030 VIRGINIA TERRACE
About This Property
The gourmet kitchen has been well-equipped with all new KitchenAid appliances (2022, 2024), an island, ample cabinets for storage, a walk-in pantry, and a butler's pantry. The family room includes a gas fireplace, and there's an additional room built as a "brain space" but can be used as a second smaller office or to store toys, games, and homework. Custom plantation shutters and Roman shades, a spacious laundry room, and a family foyer complete the main floor.
The upper level comprises 3 bedrooms plus a large primary bedroom suite with two walk-in closets, a cozy sitting room, and a gorgeously renovated bathroom (2021). From the main floor, a second staircase leads to an in-law suite with an updated full bathroom, dormer windows, and separate heating/cooling. The lower level is great for movie nights, playing games, or shooting pool; it also features another bedroom and an updated full bathroom. There is a massive storage room with a workbench.
You will have plenty of options for outdoor living and entertainment on this 0.30-acre corner lot with multiple decks, porches, stone patios, a pergola, and a firepit to choose from. There is a lot to do here on the Fairfax Station side of Lorton, including being less than a mile from the Workhouse Arts Center, where you can shop local artist exhibits, take classes or join clubs, go to comedy shows and plays, or try out the newest local brewery set to open this spring. It is also conveniently located one block from the Fairfax County Cross County trail and close to restaurants, groceries, Starbucks, the VRE, 95, and the Fairfax County Parkway.
This property features an oversized 2-car garage with built-in storage, an inground sprinkler system, fenced-in yard, brick front water table, roof replaced (2018), 75-gallon HWH (2018), HVAC (2017), garage door (2021), upgraded lighting, new hardware, new carpet (2024), and freshly painted. South County Pyramid.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| Jun 5, 2024 | In contract | - | |
| In contract | |||
| May 26, 2024 | Relisted | $1,125,000 | |
| Relisted | |||
| May 23, 2024 | In contract | - | |
| In contract | |||
| May 1, 2024 | Listed by RE/MAX Gateway, LLC | $1,125,000 | |
| Listed by RE/MAX Gateway, LLC | |||
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About Lorton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017