Residential Income Property with
For Sale
$355,999
1700 LAKE SHORE CREST DRIVE #31, Reston, VA 20190
Top-floor condominium with an open living area, vaulted ceilings, and a private outdoor space.
Property Size1,224 SF
Days on Market94
Property Features for 1700 LAKE SHORE CREST DRIVE #31
General Information
Standard status
Active
Size
1,224 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
community pool
fitness center
clubhouse
walking trails
private balcony
Building Details
Building Size
1,224 SF
Year Built
1995
Stories
3
Listing Agency:
EXP Realty, LLC
Listed By:
Keri K. Shull · License #618083
(571) 398-5989
Source:
Kwelsalvador.kw
Added: Jul 7
Changed: Oct 7
Last Checked: Oct 7 at 8:57AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 1995 top-floor condominium has two bedrooms and two bathrooms, with an open living area beneath vaulted ceilings. Interior features include wood flooring, updated lighting, a kitchen backsplash, a new washer and dryer, and a new water heater. The second bedroom has a built-in Murphy bed, and a private balcony extends from the living room.
Community amenities include a pool, fitness center, clubhouse, walking trails, maintained common areas, and parking. The property is in Reston, near a Metro station, Reston Town Center, Fairfax County Parkway, shopping, restaurants, and entertainment.
Community amenities include a pool, fitness center, clubhouse, walking trails, maintained common areas, and parking. The property is in Reston, near a Metro station, Reston Town Center, Fairfax County Parkway, shopping, restaurants, and entertainment.
Key Highlights
- Two‑bedroom, two‑bath top‑floor condominium
- Private balcony accessed from the living room
- Vaulted ceilings and open living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,322
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,440
$366.4K
Cap Rate 7%
$261,743
$261.7K
Cap Rate 9%
$203,578
$203.6K
Market Conditions
NOI Build-Up for 1,224 SF
Gross rent
$35.3K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$33.3K $27.22/SF
− OpEx
−$15.0K −$12.25/SF
NOI
$18.3K $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%
$366,440
Cap Rate 7%
$261,743
Cap Rate 9%
$203,578
Alternative Uses
Best Use
Apartment 5plus
$261.7K
$229.0K – $305.4K
NOI $18,322 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.13M
$4.49M – $5.99M
NOI $359,149 @ 7.0% cap · market cap 100.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,563
Businesses Nearby
Explore this area
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 - Top-floor condominium with an open living area, vaulted ceilings, and a private outdoor space.
Where is this residential income property located?
The property is located at 1700 LAKE SHORE CREST DRIVE #31 Reston, VA.
What is the asking price?
The asking price for this property is $355,999.
What are key features of this property?
This property features: Two‑bedroom, two‑bath top‑floor condominium; Private balcony accessed from the living room; Vaulted ceilings and open living area
