737 Swann Ave Apt 502 Alexandria, VA 22301

2 beds · 2 baths · 1,605 sq ft · Lot Size: 18,059 sq ft · Residential Condominium · Potomac Yard
Est. Property Value: $1,205,439

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737 Swann Ave Apt 502 is in the Potomac Yard neighborhood of Alexandria, VA. It is located in Alexandria city County and ZIP code 22301. This Residential Condominium was built in 2023 and is approximately 2 years old. The residential condominium spans 1605 sq ft with 2 bedrooms and 2 bathrooms and sits on a 18059 sq ft lot. According to public records, it was last sold in 2023 for $1,085,300 and has a tax-assessed value of $1,044,000, which is $751 per sq ft. The Potomac Yard area of Alexandria has 265 residential homes with an average size of 1216 sq ft. Analyze and compare real estate investment strategies for properties like this home at 737 Swann Ave Apt 502 Alexandria, VA 22301 with Property Intel by Whitepages.

Owners & Occupancy for 737 Swann Ave Apt 502

No contact information is available.

Occupancy

Resident 1************** age 74
Resident 2************** age 71

Property Financials for 737 Swann Ave Apt 502

737 Swann Ave Apt 502, Alexandria, VA has no known mortgage. The Alexandria city county assessment for 2024 values it at $1,044,000, with annual taxes of $11,849.

Property Tax

Purchase DateMay 15, 2023
Property Tax Amount$11,849 in 2024
Purchase Price$1,085,300
Assessed Value$1,044,000 on 2024

Investment Potential for 737 Swann Ave Apt 502

The property has a current estimated value of $1,205,439, which is 76% above the neighborhood median, based on public records. It last sold on May 15, 2023 for $1.09M. Projected long-term
is $31,200 annually ($2,600 per month) with a 95% occupancy rate.

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Long-Term

Gross Rental
$31,200 per year($2,600 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 22301 zip code
 
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Property Details for 737 Swann Ave Apt 502

Property Details

Property Sq Ft

Living Area

1,605 sq ft

32% above market

Lot Size

18,059 sq ft

0% above market

Price Per Sq Ft

Living Area

$751 / sq ft

44% above market

Lot Size Area

$67 / sq ft

20% above market

Property condition, age, exterior, etc. for 737 Swann …
Longitude: -77.048549 Latitude: 38.829215 Parcel Number (APN): 025.04-2A-502…

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Market Benchmarks

Compare data for 737 Swann Ave Apt 502 in Alexandria city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$1,205,439
$304,427
$901,013 (296%)
$454,607
$1,302,314 (286%)
YoY Price Change
Year Built
2023
1987
36 years
Living Space
1,605 sq ft
1,127 sq ft
478 (42%)
$ Per Living Sq Ft
$751
$266
$486 (183%)
Lot Size
18,059 sq ft
4,790.5 sq ft
13268 (277%)
$ Per Lot Sq Ft
$67
$60
$7 (11%)

Net Operating Income
$18,057
-$11,573 (-64%)
Annual Revenue
$31,200
$28,200
$3,000 (11%)
$9,029
$15,687 (174%)
Net Operating Income
$18,057
-$11,573 (-64%)
Cap Rate
6.31%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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