One-Bedroom Condo with
For Sale
$295,000
11017 VILLARIDGE COURT, Reston, VA 20191
A fireplace, granite kitchen finishes, and access to community recreation complement this condo’s private outdoor space.
Property Size840 SF
Price / SF$351.19
Days on Market95
Property Features for 11017 VILLARIDGE COURT
General Information
Standard status
Active
Size
840 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,645
Amenities
deck
fireplace
granite countertops
stainless steel appliances
outdoor pools
tennis courts
pickleball courts
Walden Nature Center
walking trails
biking trails
Building Details
Building Size
840 SF
Year Built
1985
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Kay R Hollar · License #0225068528
(703) 608-0838
Source:
Horsefarmsandcountryhomes
Added: Aug 2
Changed: Nov 3
Last Checked: Nov 3 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 840-square-foot, one-bedroom condo was built in 1985 and includes a large deck, living room fireplace, and kitchen with granite countertops, stainless steel appliances, and ample cabinetry. The outdoor space is surrounded by greenery, while the interior offers additional storage capacity.
Residents have access to Reston Association amenities, including 15 outdoor pools, tennis and pickleball courts, the Walden Nature Center, and walking and biking trails. The Wiehle-Reston Metro Station is 1.7 miles away, with access to the Dulles Toll Road, Dulles Airport, Tysons Corner, and Wolf Trap. South Lakes Village Center, with shopping and dining, is within walking distance.
Residents have access to Reston Association amenities, including 15 outdoor pools, tennis and pickleball courts, the Walden Nature Center, and walking and biking trails. The Wiehle-Reston Metro Station is 1.7 miles away, with access to the Dulles Toll Road, Dulles Airport, Tysons Corner, and Wolf Trap. South Lakes Village Center, with shopping and dining, is within walking distance.
Key Highlights
- 840‑square‑foot, one‑bedroom condo built in 1985
- Large deck bordered by greenery and a living room fireplace
- Kitchen features granite countertops, stainless steel appliances, and abundant cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,574
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,480
$251.5K
Cap Rate 7%
$179,629
$179.6K
Cap Rate 9%
$139,711
$139.7K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$24.2K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.9K $27.22/SF
− OpEx
−$10.3K −$12.25/SF
NOI
$12.6K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,480
Cap Rate 7%
$179,629
Cap Rate 9%
$139,711
Alternative Uses
Best Use
Apartment 5plus
$179.6K
$157.2K – $209.6K
NOI $12,574 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.52M
$3.08M – $4.11M
NOI $246,475 @ 7.0% cap · market cap 83.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 20191, VA
29,948
Population
12,744
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,839
Density / Sq Mi
$141,019
Median Household Income
$62,313
Median Earnings
$1,983
Median Rent
$616,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A fireplace, granite kitchen finishes, and access to community recreation complement this condo’s private outdoor space.
Where is this residential income property located?
The property is located at 11017 VILLARIDGE COURT Reston, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 840‑square‑foot, one‑bedroom condo built in 1985; Large deck bordered by greenery and a living room fireplace; Kitchen features granite countertops, stainless steel appliances, and abundant cabinetry
