Neighborhood
181 E Reed Ave Apt 414, Alexandria, VA 22305
2 beds · 2 baths · 1,014 sq ft · Lot: 19,633 sq ft · Residential Condominium · Last Sold: $400K in 2017 · Built: 2003
Est. Value:
$493K
Est. Rent:
$2.4K/month

181 E Reed Ave Apt 414 Alexandria, VA 22305

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2 beds · 2 baths · 1,014 sq ft · Lot Size: 19,633 sq ft · Residential Condominium · Potomac West
Est. Property Value: $493,372

Valued above Market MedianOwned for 5 - 10 YearsOwner Age 25 - 35

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181 E Reed Ave Apt 414 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 1014 sq ft with 2 bedrooms and 2 bathrooms and sits on a 19633 sq ft lot. According to public records, it was last sold in 2017 for $400,000 and has a tax-assessed value of $575,974, which is $487 per sq ft. The Potomac West area of Alexandria has 152 residential homes with an average size of 970 sq ft. Analyze and compare real estate investment strategies for properties like this home at 181 E Reed Ave Apt 414 Alexandria, VA 22305 with Property Intel by Whitepages.

Investment Potential for 181 E Reed Ave Apt 414

The property has a current estimated value of $493,372, which is 45% above the neighborhood median, based on public records. It last sold on May 04, 2017 for $400K. Projected long-term
is $28,200 annually ($2,350 per month) with a 96% occupancy rate.

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Long-Term

Gross Rental
$28,200 per year($2,350 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
96%in 22305 zip code
 
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Owners & Occupancy for 181 E Reed Ave Apt 414

This property is owned by Ruoqi C Wang. Owner contact information includes 2 phone numbers and 1 email address.

Property Owners

Cell Phone(210) ***-****View Cell Phone
Residence*************
Landline
Distance from Property**********
Email Address************@gmail.comView Email
View All Owner Info

Property Ownership Information

Purchase DateMay 04, 2017
Property Tax Amount$6,537 in 2024
Purchase Price$400,000

Occupancy

Current Occupancy******View Occupancy

Property Details for 181 E Reed Ave Apt 414

Property Details

Property Sq Ft

Living Area

1,014 sq ft

5% above market

Lot Size

19,633 sq ft

0% above market

Price Per Sq Ft

Living Area

$487 / sq ft

32% above market

Lot Size Area

$25 / sq ft

36% above market

Property condition, age, exterior, etc. for 181 E Reed…
Longitude: -77.052558 Latitude: 38.836794 Parcel Number (APN): 016.01-0A-414…
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Market Benchmarks

Compare data for 181 E Reed Ave Apt 414 in Alexandria city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$493,372
$303,143
$190,229 (63%)
$*******
$470,726
$1,925,672 (409%)
YoY Price Change
****%
1.98%
-125%
Year Built
2003
1987
16 years
Living Space
1,014 sq ft
1,127 sq ft
-113 (-10%)
$ Per Living Sq Ft
$487
$270
$217 (80%)
Lot Size
19,633 sq ft
4,790.5 sq ft
14842 (310%)
$ Per Lot Sq Ft
$25
$58
-$32 (-56%)

Net Operating Income
$*****
$18,874
-$4,560 (-24%)
Annual Revenue
$28,200
$28,200
$0 (0%)
$*****
$8,359
$5,527 (66%)
Net Operating Income
$*****
$18,874
-$4,560 (-24%)
Cap Rate
****%
6.37%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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