Residential Condo with
For Sale
$589,900
19370 MAGNOLIA GROVE SQUARE Unit L04, Leesburg, VA 20176
The floor plan includes two bedrooms, an office/den, two baths, and a sunroom.
Property Size1,708 SF
Price / SF$345.37
Days on Market102
Property Features for 19370 MAGNOLIA GROVE SQUARE Unit L04
General Information
Standard status
Active
Size
1,708 SF
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR+Den/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,115
Amenities
indoor pool
fitness center
clubhouse
tennis courts
walking trails
library
art studio
woodworking shop
restaurant
theater
social clubs
transportation services
Building Details
Building Size
1,708 SF
Year Built
2002
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Andrea Karalyos · License #0225090823
(703) 282-8811
Source:
Canopy-re
Added: Jul 19
Changed: Oct 26
Last Checked: Oct 26 at 2:55PM
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 Berkshire Hathaway HomeServices PenFed Realty
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Investment Insights
Based on property information with market context.
Built in 2002, this 1,708-square-foot condominium has two bedrooms, an office/den, and two bathrooms. Its layout includes a living and dining area, kitchen, and sunroom. The primary suite features two walk-in closets and an en-suite bath. Building features include secure access, garage parking, and elevators.
The residence is in a gated active adult community in Loudoun County. Shared amenities include an indoor pool, fitness center, clubhouse, tennis courts, walking trails, library, art studio, woodworking shop, restaurant, theater, social clubs, and transportation services. Lansdowne Town Center, One Loudoun, Inova Loudoun Hospital, golf courses, shopping, dining, and major commuter routes are identified nearby.
The residence is in a gated active adult community in Loudoun County. Shared amenities include an indoor pool, fitness center, clubhouse, tennis courts, walking trails, library, art studio, woodworking shop, restaurant, theater, social clubs, and transportation services. Lansdowne Town Center, One Loudoun, Inova Loudoun Hospital, golf courses, shopping, dining, and major commuter routes are identified nearby.
Key Highlights
- 1,708‑square‑foot condominium built in 2002
- Two bedrooms, an office/den, and 2 bathrooms
- Primary suite with 2 walk‑in closets and an en‑suite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,638
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,760
$532.8K
Cap Rate 7%
$380,543
$380.5K
Cap Rate 9%
$295,978
$296.0K
Market Conditions
NOI Build-Up for 1,708 SF
Gross rent
$51.9K $30.36/SF
− Vacancy
−$3.4K −$2.00/SF
EGI
$48.4K $28.36/SF
− OpEx
−$21.8K −$12.76/SF
NOI
$26.6K $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%
$532,760
Cap Rate 7%
$380,543
Cap Rate 9%
$295,978
Alternative Uses
Best Use
Apartment 5plus
$380.5K
$333.0K – $444.0K
NOI $26,638 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$535.3K
$468.4K – $624.5K
NOI $37,469 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - The floor plan includes two bedrooms, an office/den, two baths, and a sunroom.
Where is this residential income property located?
The property is located at 19370 MAGNOLIA GROVE SQUARE Unit L04 Leesburg, VA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 1,708‑square‑foot condominium built in 2002; Two bedrooms, an office/den, and 2 bathrooms; Primary suite with 2 walk‑in closets and an en‑suite bath
