Renovated Three-Bedroom
For Sale
$424,999
12003 GOLF RIDGE COURT Unit 202, Fairfax, VA 22033
Updated interior finishes and access to shared recreational facilities complement this condominium residence.
Property Size1,123 SF
Price / SF$378.45
Days on Market36
Property Features for 12003 GOLF RIDGE COURT Unit 202
General Information
Standard status
Active
Size
1,123 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Asking Price
$429,999
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,881
Amenities
community pool
fitness center
tennis courts
basketball courts
walking/jogging paths
wood-burning fireplace
assigned parking
Building Details
Building Size
1,123 SF
Year Built
1989
Listing Agency:
Neighborhood Assistance Corporation of America
Listed By:
Yonas Asrat · License #0225253446
(571) 265-7615
Source:
Canopy-re
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 27 at 3:21AM
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 Neighborhood Assistance Corporation of America
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Investment Insights
Based on property information with market context.
This 1,123-square-foot condominium offers three bedrooms and two bathrooms. The kitchen was expanded and renovated in 2026, with quartz countertops, a backsplash, stainless-steel appliances, and a new garbage disposal. Additional interior work includes updated bathrooms, new flooring, fresh paint, molding, light fixtures, and recessed lighting. A wood-burning fireplace anchors the living area. The water heater was replaced in 2026, and the HVAC is approximately five years old.
The property is within the Penderbrook community, where shared amenities include a pool, fitness center, tennis and basketball courts, and walking and jogging paths in a golf-course setting. Access to I-66 and Route 50, as well as proximity to Fair Oaks and Fair Lakes, are noted.
The property is within the Penderbrook community, where shared amenities include a pool, fitness center, tennis and basketball courts, and walking and jogging paths in a golf-course setting. Access to I-66 and Route 50, as well as proximity to Fair Oaks and Fair Lakes, are noted.
Key Highlights
- Three‑bedroom, two‑bath condominium with 1,123 square feet
- Kitchen expanded and renovated in 2026; quartz countertops and stainless‑steel appliances
- Wood‑burning fireplace in the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,810
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,200
$336.2K
Cap Rate 7%
$240,143
$240.1K
Cap Rate 9%
$186,778
$186.8K
Market Conditions
NOI Build-Up for 1,123 SF
Gross rent
$32.3K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.6K $27.22/SF
− OpEx
−$13.8K −$12.25/SF
NOI
$16.8K $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%
$336,200
Cap Rate 7%
$240,143
Cap Rate 9%
$186,778
Alternative Uses
Best Use
Apartment 5plus
$240.1K
$210.1K – $280.2K
NOI $16,810 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.71M
$4.12M – $5.49M
NOI $329,513 @ 7.0% cap · market cap 77.53%
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
954
Businesses Nearby
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Business Placement
Demographics for 22033, VA
40,692
Population
16,057
Households
2.5
Avg Household Size
37
Median Age
67%
College-Educated
95%
High-School Grad
7.8 sq mi
ZIP Area
5,217
Density / Sq Mi
$134,532
Median Household Income
$75,231
Median Earnings
$2,253
Median Rent
$621,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior finishes and access to shared recreational facilities complement this condominium residence.
Where is this residential income property located?
The property is located at 12003 GOLF RIDGE COURT Unit 202 Fairfax, VA.
What is the asking price?
The asking price for this property is $424,999.
What are key features of this property?
This property features: Three‑bedroom, two‑bath condominium with 1,123 square feet; Kitchen expanded and renovated in 2026; quartz countertops and stainless‑steel appliances; Wood‑burning fireplace in the living area
