Remodeled Residential Income
For Sale
$674,900
Pending
19360 MAGNOLIA GROVE SQUARE Unit 414, Leesburg, VA 20176
Fourth-floor condominium with open living areas, renovated kitchen and bathroom, assigned garage parking, storage, and golf-course views.
Property Size1,930 SF
Days on Market54
Property Features for 19360 MAGNOLIA GROVE SQUARE Unit 414
General Information
Standard status
Pending
Size
1,930 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,684
Building Details
Building Size
1,930 SF
Year Built
2003
Listing Agency:
Samson Properties
Listed By:
Andrew M Norton
(703) 627-1999
Source:
Kerishull
Added: Aug 28
Changed: Oct 18
Last Checked: Oct 19 at 4:29PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,930-square-foot condominium occupies the fourth floor of a center stack in a secure, controlled-access building constructed in 2003. The open layout connects the living, dining, and kitchen areas, with a fully remodeled kitchen featuring extensive cabinetry and counter space. A built-in bar serves the living area, while the remodeled primary bathroom complements a bedroom oriented toward the fountain and common grounds.
The residence overlooks a pond, golf course, and surrounding green space, with the Potomac River visible in the distance. Included features are an assigned underground parking space and separate storage area. The property is within Lansdowne Woods, a gated 55-and-better community offering clubhouse access, fitness facilities, indoor and outdoor pools, landscaped grounds, security, classes, shows, and organized activities.
The residence overlooks a pond, golf course, and surrounding green space, with the Potomac River visible in the distance. Included features are an assigned underground parking space and separate storage area. The property is within Lansdowne Woods, a gated 55-and-better community offering clubhouse access, fitness facilities, indoor and outdoor pools, landscaped grounds, security, classes, shows, and organized activities.
Key Highlights
- 1,930 square feet on the fourth floor
- Views of the pond, golf course, green space, and distant Potomac River
- Fully remodeled kitchen with extensive cabinetry and counter space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,100
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,000
$602.0K
Cap Rate 7%
$430,000
$430.0K
Cap Rate 9%
$334,444
$334.4K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$58.6K $30.36/SF
− Vacancy
−$3.9K −$2.00/SF
EGI
$54.7K $28.36/SF
− OpEx
−$24.6K −$12.76/SF
NOI
$30.1K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,000
Cap Rate 7%
$430,000
Cap Rate 9%
$334,444
Alternative Uses
Best Use
Apartment 5plus
$430.0K
$376.3K – $501.7K
NOI $30,100 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$604.8K
$529.2K – $705.7K
NOI $42,339 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
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Business Placement
Demographics for 20176, VA
51,777
Population
17,044
Households
3
Avg Household Size
38
Median Age
59%
College-Educated
94%
High-School Grad
54.9 sq mi
ZIP Area
943
Density / Sq Mi
$166,870
Median Household Income
$67,473
Median Earnings
$2,089
Median Rent
$702,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Fourth-floor condominium with open living areas, renovated kitchen and bathroom, assigned garage parking, storage, and golf-course views.
Where is this residential income property located?
The property is located at 19360 MAGNOLIA GROVE SQUARE Unit 414 Leesburg, VA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 1,930 square feet on the fourth floor; Views of the pond, golf course, green space, and distant Potomac River; Fully remodeled kitchen with extensive cabinetry and counter space
