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$425000   Price Analysis
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40 E Reed Ave
Alexandria, 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

INVESTORS ALERT!

* Sale Pending *

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 .
Listing Agent Photo

Property MLS #VAAX2035670 from BrightMLS

Bedrooms: 2

Total Bathrooms: 1
Full Bathrooms: 1

Basement

Stainless Steel Appliances
Built-In Microwave
Disposal
Dryer
Oven/Range - Electric
Refrigerator
Washer

Cooling Features: Central A/C
Heating Features: Forced Air
Heating: Yes

Lot Size Acres: 0.0602617
Lot Size Square Feet: 2624

Parking Features: On Street

Association: No
Calculated Total Monthly Association Fees: 0

High School: T.C. WILLIAMS
School District: ALEXANDRIA CITY PUBLIC SCHOOLS

Cora Kelly Magnet Elementary is a public elementary school located approximately 0.1 miles away.
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George Washington Middle School is a public middle school located approximately 1.5 miles away.
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Alexandria City High School is a public high school located approximately 1.8 miles away.
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St Rita School is a private elementary and middle school located approximately 0.5 miles away.
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Annual Tax Amount: 4017.0
Source Listing Status: Pending
County: ALEXANDRIA CITY
Disclaimer: Standard
Ownership: Fee Simple
Source Property Type: Residential
Area: ALEXANDRIA CITY
Property Subtype: townhouse
Source Neighborhood: BEAUMONT
Postal Code Plus 4: 3109
Subdivision: BEAUMONT
Source System Name: C2C

YearAssessments
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

Listed 2024-07-11
$425000
BrightMLS
Listing removed 2023-10-21
$1950
BrightMLS
Listing removed 2023-10-13
$0
BrightMLS
Listed for rent 2023-09-28
$1950
BrightMLS
Listing removed 2023-09-12
$0
BrightMLS
Listed for rent 2023-09-08
$1950
BrightMLS
Listing removed 2023-08-07
$1950
BrightMLS
Listed for rent 2023-07-17
$1950
BrightMLS
Listing removed 2023-07-15
$0
BrightMLS
Listed for rent 2023-07-12
$1950
BrightMLS
Listing removed 2022-08-01
$1950
BrightMLS
Listing removed 2022-07-14
$0
BrightMLS
Listed for rent 2022-06-08
$1950
BrightMLS
Listing removed 2022-06-04
$0
BrightMLS
Listed for rent 2022-05-25
$1950
BrightMLS
Listing removed 2022-05-22
$0
BrightMLS
Listed for rent 2022-05-12
$1950
BrightMLS
Listing removed 2019-08-08
$0
BrightMLS
Price Changed for rent 2019-06-20
$1895
BrightMLS
Price Changed for rent 2019-05-30
$1995
BrightMLS
Listed for rent 2019-05-17
$2095
BrightMLS
Sold 2009-12-18
$121000
Public Record
Sold 2004-10-19
$225000
Public Record
Sold 1999-11-19
$40000
Public Record
Sold 1982-05-21
$30000
Public Record

Year Built: 1947
Above Grade Finished Area: 680
Construction Materials: Frame
Property Age: 77
Levels or Stories: 1
Structure Type: Twin/Semi-Detached
House Style: Ranch/Rambler
Total Area Sqft: 680
Click Thumbnail Images To View Full Size
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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.