Top-Floor Residential Income
For Sale
$334,900
11735 SUMMERCHASE CIRCLE Unit B, Reston, VA 20194
The two-bedroom condo includes a private balcony, in-unit laundry, and a wood-burning fireplace.
Property Size952 SF
Price / SF$351.79
Days on Market90
Property Features for 11735 SUMMERCHASE CIRCLE Unit B
General Information
Standard status
Active
Size
952 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,178
Amenities
wood-burning fireplace
private balcony
in-unit washer/dryer
exterior storage closet
Building Details
Building Size
952 SF
Year Built
1988
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Lisa B Ford · License #0225131823
(703) 795-6775
Source:
Mxwrealestate
Added: Aug 7
Changed: Oct 30
Last Checked: Nov 3 at 8:29AM
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 952-square-foot, two-bedroom condo is on the top floor of a residential community and was built in 1988. Interior features include vaulted ceilings, a wood-burning fireplace, an updated kitchen with granite countertops and stainless steel appliances, and an updated full bathroom. The primary bedroom has a private vanity area and an additional closet. A private balcony and exterior storage closet provide additional space, and a full-size stacked washer and dryer are located in the unit.
The property is near North Point Village Center and Reston Town Center. Residents have access to community walking trails, parks, pools, playgrounds, and sports courts. Fairfax County Parkway, the Dulles Toll Road, bus service, and the Wiehle-Reston East Metro are listed as nearby transportation options.
The property is near North Point Village Center and Reston Town Center. Residents have access to community walking trails, parks, pools, playgrounds, and sports courts. Fairfax County Parkway, the Dulles Toll Road, bus service, and the Wiehle-Reston East Metro are listed as nearby transportation options.
Key Highlights
- 952‑square‑foot condo with two bedrooms
- Top‑floor residence with vaulted ceilings and a wood‑burning fireplace
- Private balcony and exterior storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,250
Cap Rate
4.26%
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 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.99M
$3.49M – $4.66M
NOI $279,338 @ 7.0% cap · market cap 83.41%
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
250
Businesses Nearby
Explore this area
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 - The two-bedroom condo includes a private balcony, in-unit laundry, and a wood-burning fireplace.
Where is this residential income property located?
The property is located at 11735 SUMMERCHASE CIRCLE Unit B Reston, VA.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 952‑square‑foot condo with two bedrooms; Top‑floor residence with vaulted ceilings and a wood‑burning fireplace; Private balcony and exterior storage closet
