$425000 Price Analysis 40 E Reed AveAlexandria, VA 22305 2 bed 1 bath 680 SqFt ($625/SqFt) 2625SqFt lot. Built 1947 Listed 2024-07-11, Taxes $4166 | Ⓧ USDA Ineligible due to location near Alexandria |
Seize the opportunity to acquire a semi-detached 2-bedroom, 1-bathroom home walking distance to Del Ray, Potomac Yard Shopping Center, public transportation including the new Potomac Yard/VT metro station, close to Amazon HQ2, National Reagan airport, Pentagon/Pentagon City and DC. The property is nestled on a flat landscaped and fenced lot. Updates in 2019 included new kitchen cabinets, new mosaic ceramic/glass backsplash, new stainless-steel appliances and a renovated bathroom, which they are still in good condition. Unfortunately, hidden roof leaks and a sudden broken pipe in the front crawl space area damaged most of the hardwood flooring and some dry wall in the upper level.
The property has presence of mold mainly in the basement area and sme in the upper level as well. With such a convenient location and with no HOA fees, this gem in the works will shine again once you address needed repairs. It has potential to be transformed into a first-time primary home, a rental investment property or a rehab project with resale value. Due to its condition, the property is sold AS IS and seller is cu rrently requesting cash offers or rehab loans and a quick settlement. There will be two open houses on Sat 7/13/2024 and Sun 7/14/2024 from 2-4 pm. Please bring your masks and flashlights to inspect the basement. Please watch your steps when walking inside the house as wood floors are uneven. Do not open storm door going from the back bedroom to the deck. It is stuck and it does not open. Deadline to submit offers is set for Tuesday, July 16th at 5 pm. Seller reserves the right to accept or reject any and/or all offers. Pictures will be uploaded soon.
Presented by Carlos M. Rodriguez at
Fairfax Realty of Tysons .
Property MLS #VAAX2035670 from BrightMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2023 | $135127 + $240241 $375368 | $4166 |
2022 | $135127 + $210738 $345865 | $3839 |
2021 | $135127 + $191580 $326707 | $3626 |
2020 | $132065 + $191580 $323645 | $3657 |
2019 | $132065 + $191580 $323645 | $3657 |
2018 | $132065 + $191580 $323645 | $3657 |
2017 | $120590 + $186000 $306590 | $3464 |
2016 | $120590 + $155000 $275590 | $2957 |
2015 | $120590 + $147879 $268469 | $2800 |
2014 | $89326 + $147879 $237205 | $2474 |
2013 | $82124 + $128590 $210714 | $2187 |
2012 | $82124 + $128590 $210714 | $2102 |
2011 | $70849 + $116900 $187749 | $1873 |
2010 | $86230 + $116900 $203130 | $1986 |
2009 | $123277 + $116900 $240177 | $2168 |
2008 | $156260 + $137500 $293760 | $2482 |
2007 | $218054 + $110316 $328370 | $2725 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.