Two-Bedroom Condominium with Private
For Sale
$419,900
1701 LAKE SHORE CREST DRIVE Unit 21, Reston, VA 20190
An updated residence offers custom built-ins, a renovated kitchen, and a private outdoor space.
Property Size1,224 SF
Price / SF$343.06
Days on Market105
Property Features for 1701 LAKE SHORE CREST DRIVE Unit 21
General Information
Standard status
Active
Size
1,224 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,700
Building Details
Building Size
1,224 SF
Year Built
1995
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Uday Karthik Kammula · License #0225237800
(202) 209-0788
Source:
Signaturemoverealestate
Added: Jul 23
Changed: Oct 31
Last Checked: Nov 3 at 8:45AM
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 Spring Hill Real Estate, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,224-square-foot condominium has two bedrooms and two bathrooms, with a floor plan reconfigured under approved permits. Hardwood flooring with cork padding and custom built-ins run through the home. The kitchen renovation includes quartz counters, upgraded appliances, soft-close cabinets, and a bar. The primary bathroom features custom tile, a rain shower, and dual vanities; additional storage includes built-in shelving and cabinetry. A gas-powered dryer and private patio are also part of the unit. The residence was built in 1995, received updates in 2014, and was painted in 2026.
Reston Town Center, Trader Joe’s, Whole Foods, Home Depot, Reston Library, and Reston Hospital Center are within walking distance. RTC Station is 1 mile away. The property also has access to Fairfax County Parkway and the Dulles Toll Road, with the W&OD Trail nearby. A TV wall mount, electronics cabinet, and built-in wall safe convey.
Reston Town Center, Trader Joe’s, Whole Foods, Home Depot, Reston Library, and Reston Hospital Center are within walking distance. RTC Station is 1 mile away. The property also has access to Fairfax County Parkway and the Dulles Toll Road, with the W&OD Trail nearby. A TV wall mount, electronics cabinet, and built-in wall safe convey.
Key Highlights
- 1,224‑square‑foot unit with 2 bedrooms and 2 bathrooms
- Approved, permitted floor plan reconfiguration
- Quartz kitchen counters, upgraded appliances, soft‑close cabinetry, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,322
Cap Rate
4.36%
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 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.13M
$4.49M – $5.99M
NOI $359,149 @ 7.0% cap · market cap 85.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An updated residence offers custom built-ins, a renovated kitchen, and a private outdoor space.
Where is this residential income property located?
The property is located at 1701 LAKE SHORE CREST DRIVE Unit 21 Reston, VA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 1,224‑square‑foot unit with 2 bedrooms and 2 bathrooms; Approved, permitted floor plan reconfiguration; Quartz kitchen counters, upgraded appliances, soft‑close cabinetry, and breakfast bar
