Lofted Penthouse
For Sale
$390,000
20445 CHESAPEAKE SQUARE Unit 300, Sterling, VA 20165
Two-level corner residence with a private balcony, wooded views, and access to a community pool and recreation center.
Property Size1,405 SF
Price / SF$277.58
Days on Market37
Property Features for 20445 CHESAPEAKE SQUARE Unit 300
General Information
Standard status
Active
Size
1,405 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,043
Amenities
pool
recreational center
Building Details
Building Size
1,405 SF
Year Built
1997
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 26 at 3:32PM
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 REAL Realty
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Investment Insights
Based on property information with market context.
This 1,405-square-foot, two-level penthouse condominium has two bedrooms, two full baths, and a loft suited to office use or an additional sleeping area. Two-story ceilings span the living and dining rooms, while the end-unit position brings in natural light through multiple windows. The eat-in kitchen includes a bay window and pantry, with a separate laundry room nearby. A private balcony offers storage and views of trees and woods. Interior updates include newer wood flooring, remodeled baths, newer appliances, and a newer air conditioning unit and water heater. The primary suite has a walk-in closet; built-ins are found in the living room.
Community amenities include an outdoor pool and recreation center. Bike trails, shopping centers, a mall, the airport, Monroe Metro, and Algonkian Park and the river are described as minutes away. The condominium was built in 1997.
Community amenities include an outdoor pool and recreation center. Bike trails, shopping centers, a mall, the airport, Monroe Metro, and Algonkian Park and the river are described as minutes away. The condominium was built in 1997.
Key Highlights
- 1,405‑square‑foot, two‑level penthouse condominium
- Two bedrooms, two full baths, and a loft for office use or a third bedroom
- End‑unit layout with two‑story living and dining ceilings and multiple windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,912
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,240
$438.2K
Cap Rate 7%
$313,029
$313.0K
Cap Rate 9%
$243,467
$243.5K
Market Conditions
NOI Build-Up for 1,405 SF
Gross rent
$42.7K $30.36/SF
− Vacancy
−$2.8K −$2.00/SF
EGI
$39.8K $28.36/SF
− OpEx
−$17.9K −$12.76/SF
NOI
$21.9K $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%
$438,240
Cap Rate 7%
$313,029
Cap Rate 9%
$243,467
Alternative Uses
Best Use
Apartment 5plus
$313.0K
$273.9K – $365.2K
NOI $21,912 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$440.3K
$385.3K – $513.7K
NOI $30,822 @ 7.0% cap · market cap 7.90%
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
160
Businesses Nearby
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Business Placement
Demographics for 20165, VA
33,777
Population
12,283
Households
2.7
Avg Household Size
39
Median Age
67%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
3,447
Density / Sq Mi
$185,594
Median Household Income
$83,463
Median Earnings
$2,480
Median Rent
$661,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level corner residence with a private balcony, wooded views, and access to a community pool and recreation center.
Where is this residential income property located?
The property is located at 20445 CHESAPEAKE SQUARE Unit 300 Sterling, VA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,405‑square‑foot, two‑level penthouse condominium; Two bedrooms, two full baths, and a loft for office use or a third bedroom; End‑unit layout with two‑story living and dining ceilings and multiple windows
