Neighborhood
181 E Reed Ave Apt 403, Alexandria, VA 22305
1 bed · 2 baths · 908 sq ft · Lot: 19,633 sq ft · Residential Condominium · Last Sold: $415K in 2021 · Built: 2003
Est. Value:
$441K
Est. Rent:
$2.3K/month

181 E Reed Ave Apt 403 Alexandria, VA 22305

Get Owner Info
1 bed · 2 baths · 908 sq ft · Lot Size: 19,633 sq ft · Residential Condominium · Potomac West
Est. Property Value: $441,204

Valued above Market MedianOwned for Less Than 5 YearsOwner Age 35 - 45

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

181 E Reed Ave Apt 403 is in the Potomac West neighborhood of Alexandria, VA. It is located in Alexandria city County and ZIP code 22305. This Residential Condominium was built in 2003 and is approximately 22 years old. The residential condominium spans 908 sq ft with 1 bedroom and 2 bathrooms and sits on a 19633 sq ft lot. According to public records, it was last sold in 2021 for $415,000 and has a tax-assessed value of $420,608, which is $486 per sq ft. The Potomac West area of Alexandria has 362 residential homes with an average size of 600 sq ft. Analyze and compare real estate investment strategies for properties like this home at 181 E Reed Ave Apt 403 Alexandria, VA 22305 with Property Intel by Whitepages.

Investment Potential for 181 E Reed Ave Apt 403

The property has a current estimated value of $441,204, which is 89% above the neighborhood median, based on public records. It last sold on May 21, 2021 for $415K. Projected long-term
is $27,000 annually ($2,250 per month) with a 96% occupancy rate.

Discover more Residential Condominiums in Potomac West.
See Recommended Properties

Long-Term

Gross Rental
$27,000 per year($2,250 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
96%in 22305 zip code
 
View Rental Potential

Owners & Occupancy for 181 E Reed Ave Apt 403

This property is owned by Matthew Joseph Yandrick. Owner contact information includes 1 phone number and 2 email addresses.

Property Owners

Residence**************
Landline(724) 423-6246
Distance from Property**********
Email Address**********@hotmail.comView Email
View All Owner Info

Property Ownership Information

Purchase DateMay 21, 2021
Property Tax Amount$4,774 in 2024
Purchase Price$415,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1*********************** age 39

Property Details for 181 E Reed Ave Apt 403

Property Details

Property Sq Ft

Living Area

908 sq ft

51% above market

Lot Size

19,633 sq ft

12% above market

Price Per Sq Ft

Living Area

$486 / sq ft

35% above market

Lot Size Area

$22 / sq ft

73% above market

Property condition, age, exterior, etc. for 181 E Reed…
Longitude: -77.052558 Latitude: 38.836794 Parcel Number (APN): 016.01-0A-403…
Mortgage originated on through lender: Atlantic Coast Mtg for$******View Mortgage Details
On a scale of 1-10, how useful do you find the information provided on this page?
Not usefulUseful

Recommended Properties in Potomac West

Discover more residential condominiums near 181 E Reed Ave Apt 403 in Alexandria, Virginia. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 181 E Reed Ave Apt 403 in Alexandria city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$441,204
$257,587
$183,617 (71%)
$*******
$382,819
$1,760,191 (460%)
YoY Price Change
****%
0.95%
468%
Year Built
2003
1982
21 years
Living Space
908 sq ft
761 sq ft
147 (19%)
$ Per Living Sq Ft
$486
$317
$169 (53%)
Lot Size
19,633 sq ft
15,145 sq ft
4488 (30%)
$ Per Lot Sq Ft
$22
$18
$5 (26%)

Net Operating Income
$*****
$16,723
-$1,310 (-8%)
Annual Revenue
$27,000
$24,600
$2,400 (10%)
$*****
$7,585
$4,002 (53%)
Net Operating Income
$*****
$16,723
-$1,310 (-8%)
Cap Rate
****%
6.39%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 1-Bed Residential Condominium Medians

Find More Housing Markets Near Alexandria

Nearby Cities

  1. Arlington Investment Properties
  2. Springfield Investment Properties
  3. Annandale Investment Properties
  4. Falls Church Investment Properties
  5. Lorton Investment Properties
  6. Burke Investment Properties
  7. Mc Lean Investment Properties
  8. Mclean Investment Properties
  9. Fairfax Station Investment Properties
  10. Vienna Investment Properties

Nearby Neighborhoods

  1. Potomac Yard in Alexandria, VA
  2. North Ridge - Rosemont in Alexandria, VA
  3. Braddock Road Metro in Alexandria, VA
  4. Old Town North in Alexandria, VA
  5. Taylor Run in Alexandria, VA
  6. Aurora Highlands in Arlington, VA
  7. King Street Metro - Eisenhower Avenue in Alexandria, VA
  8. Arlington Ridge in Arlington, VA
  9. Fairlington in Arlington, VA
  10. Old Town in Alexandria, VA