Condo with Living Room
For Sale
$298,000
1700 ASCOT WAY, Reston, VA 20190
The residence includes a separate laundry room and a kitchen with granite countertops.
Property Size690 SF
Price / SF$431.88
Days on Market112
Property Features for 1700 ASCOT WAY
General Information
Standard status
Active
Size
690 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,279
Amenities
community pool
club house
jog/walk path
fireplace in living room
separate laundry room
Building Details
Building Size
690 SF
Year Built
1985
Listing Agency:
Chase Realtors
Listed By:
Mike Rokni
(703) 787-0100
Source:
Catoctinproperties
Added: Jul 16
Changed: Oct 26
Last Checked: Nov 3 at 6:17AM
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 Chase Realtors
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Investment Insights
Based on property information with market context.
This Reston condo has a living room fireplace, a kitchen with granite countertops, and a separate laundry room. The primary bedroom includes a walk-in closet. The property was built in 1985.
Residents have access to a community pool, clubhouse, and walking and jogging path. Reston Town Center and restaurants are within walking distance.
Residents have access to a community pool, clubhouse, and walking and jogging path. Reston Town Center and restaurants are within walking distance.
Key Highlights
- Living room fireplace and kitchen with granite countertops
- Separate laundry room
- Primary bedroom with walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,328
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,560
$206.6K
Cap Rate 7%
$147,543
$147.5K
Cap Rate 9%
$114,756
$114.8K
Market Conditions
NOI Build-Up for 690 SF
Gross rent
$19.9K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$18.8K $27.22/SF
− OpEx
−$8.5K −$12.25/SF
NOI
$10.3K $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%
$206,560
Cap Rate 7%
$147,543
Cap Rate 9%
$114,756
Alternative Uses
Best Use
Apartment 5plus
$147.5K
$129.1K – $172.1K
NOI $10,328 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,462 @ 7.0% cap · market cap 67.94%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,475
Businesses Nearby
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Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a separate laundry room and a kitchen with granite countertops.
Where is this residential income property located?
The property is located at 1700 ASCOT WAY Reston, VA.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Living room fireplace and kitchen with granite countertops; Separate laundry room; Primary bedroom with walk‑in closet
