Two-Bedroom Residential Income
For Sale
$299,500
11719 SUMMERCHASE CIRCLE, Reston, VA 20194
This two-bedroom condo offers a private balcony, washer and dryer hookups, and access to Reston Association amenities.
Property Size952 SF
Price / SF$314.60
Days on Market260
Property Features for 11719 SUMMERCHASE CIRCLE
General Information
Standard status
Active
Size
952 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,813
Amenities
private balcony
washer/dryer hookup
pool
tennis courts
pickleball courts
lakes
walking trails
biking trails
parks
ballfields
playgrounds
Building Details
Building Size
952 SF
Year Built
1988
Listing Agency:
RE/MAX Gateway, LLC
Listed By:
Morgan N Knull · License #225063067
(202) 431-9867
Source:
Catoctinproperties
Added: Feb 18
Changed: Nov 2
Last Checked: Nov 3 at 6:18AM
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 RE/MAX Gateway, LLC
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Investment Insights
Based on property information with market context.
The 952-square-foot condo has 2 bedrooms and 1 bathroom, with a private balcony elevated 13 feet above ground. Interior features include ample closet and storage space, washer and dryer hookups, and a second vanity with a dressing area adjoining the primary bedroom. Built in 1988, the unit is part of an FHA- and VA-approved community that permits pets and investors.
The community is adjacent to North Point Village Center and several named restaurants and retailers. A Capital Bikeshare docking station and Fairfax Connector bus stop are outside the community, while two Silver Line Metro stations, Reston Town Center, and Dulles Airport are each described as about 10 minutes away.
Reston Association membership includes access to 15 pools, tennis and pickleball courts, lakes, trails, parks, ballfields, playgrounds, and year-round programming. Community parking is available.
The community is adjacent to North Point Village Center and several named restaurants and retailers. A Capital Bikeshare docking station and Fairfax Connector bus stop are outside the community, while two Silver Line Metro stations, Reston Town Center, and Dulles Airport are each described as about 10 minutes away.
Reston Association membership includes access to 15 pools, tennis and pickleball courts, lakes, trails, parks, ballfields, playgrounds, and year-round programming. Community parking is available.
Key Highlights
- 952‑square‑foot, 2‑bedroom, 1‑bathroom condo built in 1988
- Private balcony elevated 13 feet above ground
- Washer and dryer hookups, generous storage, and a second vanity with dressing area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,250
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,000
$285.0K
Cap Rate 7%
$203,571
$203.6K
Cap Rate 9%
$158,333
$158.3K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$27.4K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.9K $27.22/SF
− OpEx
−$11.7K −$12.25/SF
NOI
$14.3K $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%
$285,000
Cap Rate 7%
$203,571
Cap Rate 9%
$158,333
Alternative Uses
Best Use
Apartment 5plus
$203.6K
$178.1K – $237.5K
NOI $14,250 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.99M
$3.49M – $4.66M
NOI $279,338 @ 7.0% cap · market cap 93.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
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Business Placement
Demographics for 20194, VA
13,171
Population
5,784
Households
2.3
Avg Household Size
41
Median Age
81%
College-Educated
99%
High-School Grad
3.1 sq mi
ZIP Area
4,249
Density / Sq Mi
$166,423
Median Household Income
$106,463
Median Earnings
$2,303
Median Rent
$792,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - This two-bedroom condo offers a private balcony, washer and dryer hookups, and access to Reston Association amenities.
Where is this residential income property located?
The property is located at 11719 SUMMERCHASE CIRCLE Reston, VA.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: 952‑square‑foot, 2‑bedroom, 1‑bathroom condo built in 1988; Private balcony elevated 13 feet above ground; Washer and dryer hookups, generous storage, and a second vanity with dressing area
