Two-Bedroom Condominium with
For Sale
$454,900
12753 FAIR CREST COURT Unit 22, Fairfax, VA 22033
A two-level layout places both bedrooms upstairs, each with a full bathroom and nearby laundry.
Property Size1,360 SF
Price / SF$334.49
Days on Market158
Property Features for 12753 FAIR CREST COURT Unit 22
General Information
Standard status
Active
Size
1,360 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,842
Amenities
exterior and common area maintenance
front lawn care
snow removal
trash
water
local playgrounds
tot lots
manicured common grounds
Building Details
Building Size
1,360 SF
Year Built
1998
Stories
2
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Elizabeth Potemra · License #0225226694
(703) 581-7759
Source:
Catoctinproperties
Added: May 23
Changed: Oct 26
Last Checked: Oct 26 at 3:20PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,360-square-foot condominium, built in 1998, has two stories, two bedrooms, two full bathrooms, and a half bath. The main level combines living and family areas with hardwood floors, crown molding, and built-in bookcases. An open kitchen includes a breakfast area, pantry, and counter seating. Upstairs, each bedroom has its own full bathroom; the primary bedroom also features a soaking tub and walk-in closet. A laundry area is located on the same floor. The home opens to a private rear patio, and two parking spaces are included, one directly outside the unit.
The Fair Lakes Condominium association handles exterior and common-area maintenance, front lawn care, snow removal, trash, and water. Community amenities include playgrounds, tot lots, and landscaped grounds. The property is in the Fair Lakes area near I-66, Route 50, and the Fairfax County Parkway, with retail, grocery, and dining options nearby.
The Fair Lakes Condominium association handles exterior and common-area maintenance, front lawn care, snow removal, trash, and water. Community amenities include playgrounds, tot lots, and landscaped grounds. The property is in the Fair Lakes area near I-66, Route 50, and the Fairfax County Parkway, with retail, grocery, and dining options nearby.
Key Highlights
- 1,360‑square‑foot, two‑story condominium built in 1998
- Two bedrooms, two full bathrooms, and one half bath
- Private rear patio and two parking spaces, including one outside the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,358
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,160
$407.2K
Cap Rate 7%
$290,829
$290.8K
Cap Rate 9%
$226,200
$226.2K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$39.2K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.0K $27.22/SF
− OpEx
−$16.7K −$12.25/SF
NOI
$20.4K $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%
$407,160
Cap Rate 7%
$290,829
Cap Rate 9%
$226,200
Alternative Uses
Best Use
Apartment 5plus
$290.8K
$254.5K – $339.3K
NOI $20,358 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.70M
$4.99M – $6.65M
NOI $399,055 @ 7.0% cap · market cap 87.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
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 - A two-level layout places both bedrooms upstairs, each with a full bathroom and nearby laundry.
Where is this residential income property located?
The property is located at 12753 FAIR CREST COURT Unit 22 Fairfax, VA.
What is the asking price?
The asking price for this property is $454,900.
What are key features of this property?
This property features: 1,360‑square‑foot, two‑story condominium built in 1998; Two bedrooms, two full bathrooms, and one half bath; Private rear patio and two parking spaces, including one outside the unit
