Two-Bedroom Residential
For Sale
$395,000
11770 SUNRISE VALLEY Unit 317, Reston, VA 20191
The unit includes in-home laundry, a private balcony, assigned garage parking, and a dedicated storage bin.
Property Size917 SF
Price / SF$430.75
Days on Market56
Property Features for 11770 SUNRISE VALLEY Unit 317
General Information
Standard status
Active
Size
917 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,233
Building Details
Building Size
917 SF
Year Built
2006
Listing Agency:
Northern Virginia Residential Management & Sales
Listed By:
Nancy F Balchunas · License #0225198347
(571) 259-6166
Source:
Horsefarmsandcountryhomes
Added: Sep 10
Changed: Nov 2
Last Checked: Nov 3 at 7:40AM
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 Northern Virginia Residential Management & Sales
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Investment Insights
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This 917-square-foot condominium in a 2006 building has two bedrooms and two full bathrooms. The living and dining areas share an open layout with wood flooring and connect to a private balcony facing trees. The kitchen has granite counters and stainless steel appliances, while a full-size washer and dryer are located in the unit. The primary bedroom offers two closets, including a walk-in, and an ensuite bathroom with a soaking tub. The second bedroom also has a walk-in closet and direct access to the other full bathroom. One assigned garage space and a storage bin are included.
Building services and amenities include 24-hour security, on-site management, concierge service, an outdoor pool, fitness center, club room, and business center. Residents also have access to Reston Association amenities such as pools, ball courts, lake access, and walking and biking trails. The property is about a mile or less from Wiehle-Reston East Metro, the Dulles Toll Road, Reston Town Center, Wegmans, and restaurants and shops. HVAC and the hot water heater were replaced in 2021; the building permits up to two pets per unit.
Building services and amenities include 24-hour security, on-site management, concierge service, an outdoor pool, fitness center, club room, and business center. Residents also have access to Reston Association amenities such as pools, ball courts, lake access, and walking and biking trails. The property is about a mile or less from Wiehle-Reston East Metro, the Dulles Toll Road, Reston Town Center, Wegmans, and restaurants and shops. HVAC and the hot water heater were replaced in 2021; the building permits up to two pets per unit.
Key Highlights
- 917‑square‑foot condominium with two bedrooms and two full bathrooms
- Private balcony, wood‑floored living and dining area, and in‑unit full‑size washer and dryer
- One assigned garage parking space and a storage bin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,726
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,520
$274.5K
Cap Rate 7%
$196,086
$196.1K
Cap Rate 9%
$152,511
$152.5K
Market Conditions
NOI Build-Up for 917 SF
Gross rent
$26.4K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.0K $27.22/SF
− OpEx
−$11.2K −$12.25/SF
NOI
$13.7K $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%
$274,520
Cap Rate 7%
$196,086
Cap Rate 9%
$152,511
Alternative Uses
Best Use
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,726 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.84M
$3.36M – $4.48M
NOI $269,068 @ 7.0% cap · market cap 68.12%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,716
Businesses Nearby
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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 - The unit includes in-home laundry, a private balcony, assigned garage parking, and a dedicated storage bin.
Where is this residential income property located?
The property is located at 11770 SUNRISE VALLEY Unit 317 Reston, VA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 917‑square‑foot condominium with two bedrooms and two full bathrooms; Private balcony, wood‑floored living and dining area, and in‑unit full‑size washer and dryer; One assigned garage parking space and a storage bin
