One-Bedroom Residential
For Sale
$309,900
19365 CYPRESS RIDGE TERRACE Unit 720, Leesburg, VA 20176
Located in a 55+ community, the home features an enclosed balcony and updated kitchen appliances.
Property Size874 SF
Price / SF$354.58
Days on Market55
Property Features for 19365 CYPRESS RIDGE TERRACE Unit 720
General Information
Standard status
Active
Size
874 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,282
Building Details
Building Size
874 SF
Year Built
2005
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Susan L Ford · License #0225047694
(703) 928-1898
Source:
Catoctinproperties
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 26 at 3:47PM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 874-square-foot residence occupies the seventh floor of a building constructed in 2005. Its one-bedroom layout includes a living and dining area, dressing area, two closets, and a guest powder room. An enclosed balcony extends the living area, with treetop views and distant mountain views. The kitchen has stainless steel appliances, including a recently installed range and French-door refrigerator with an ice maker. Recent updates also include flooring, carpeting, a dishwasher, washer and dryer, gas HVAC, and balcony doors and windows.
A large, secure, temperature-controlled storage room is located on the garage level. The home is in the Lansdowne Woods community, described as a 55+ setting, with shopping, dining, and medical services nearby.
A large, secure, temperature-controlled storage room is located on the garage level. The home is in the Lansdowne Woods community, described as a 55+ setting, with shopping, dining, and medical services nearby.
Key Highlights
- 874‑square‑foot, one‑bedroom residence on the 7th floor
- Enclosed balcony with treetop and distant mountain views
- Building constructed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,631
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,620
$272.6K
Cap Rate 7%
$194,729
$194.7K
Cap Rate 9%
$151,456
$151.5K
Market Conditions
NOI Build-Up for 874 SF
Gross rent
$26.5K $30.36/SF
− Vacancy
−$1.8K −$2.00/SF
EGI
$24.8K $28.36/SF
− OpEx
−$11.2K −$12.76/SF
NOI
$13.6K $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%
$272,620
Cap Rate 7%
$194,729
Cap Rate 9%
$151,456
Alternative Uses
Best Use
Apartment 5plus
$194.7K
$170.4K – $227.2K
NOI $13,631 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$273.9K
$239.7K – $319.6K
NOI $19,173 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - Located in a 55+ community, the home features an enclosed balcony and updated kitchen appliances.
Where is this residential income property located?
The property is located at 19365 CYPRESS RIDGE TERRACE Unit 720 Leesburg, VA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 874‑square‑foot, one‑bedroom residence on the 7th floor; Enclosed balcony with treetop and distant mountain views; Building constructed in 2005
