Residential Income Unit with
For Sale
$499,990
Pending
20580 HOPE SPRING TERRACE Unit 204, Ashburn, VA 20147
End-unit condo features a covered balcony, dedicated laundry room, and covered parking.
Property Size1,515 SF
Days on Market62
Property Features for 20580 HOPE SPRING TERRACE Unit 204
General Information
Standard status
Pending
Size
1,515 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,973
Amenities
clubhouse
indoor pool
outdoor pool
fitness center
tennis courts
pickleball courts
bocce
walking trails
garden plots
fireplace
covered balcony
laundry room
storage units
Building Details
Building Size
1,515 SF
Year Built
2013
Listing Agency:
Keller Williams Realty
Listed By:
Charles E LaRock · License #0225194693
(703) 859-6390
Source:
Canopy-re
Added: Aug 28
Changed: Oct 27
Last Checked: Oct 26 at 2:18PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,515-square-foot end-unit residence has two bedrooms, a separate den, and two bathrooms. The open living area includes a fireplace, while a covered balcony adds sheltered outdoor space. Recent updates include fresh paint throughout, new carpet in the bedrooms and den, and quartz bathroom countertops. A dedicated laundry room and covered parking space add practical convenience.
Two adjoining, temperature-controlled storage units are included. Potomac Green amenities include indoor and outdoor pools, a fitness center, tennis and pickleball courts, bocce, walking trails, garden plots, social clubs, and community activities. Built in 2013, the unit is located in Ashburn, Virginia.
Two adjoining, temperature-controlled storage units are included. Potomac Green amenities include indoor and outdoor pools, a fitness center, tennis and pickleball courts, bocce, walking trails, garden plots, social clubs, and community activities. Built in 2013, the unit is located in Ashburn, Virginia.
Key Highlights
- 1,515‑square‑foot end‑unit residence with 2 bedrooms, a separate den, and 2 bathrooms
- Two adjoining, temperature‑controlled storage units
- Fresh paint throughout, new bedroom and den carpet, and new quartz bathroom countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,628
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,560
$472.6K
Cap Rate 7%
$337,543
$337.5K
Cap Rate 9%
$262,533
$262.5K
Market Conditions
NOI Build-Up for 1,515 SF
Gross rent
$46.0K $30.36/SF
− Vacancy
−$3.0K −$2.00/SF
EGI
$43.0K $28.36/SF
− OpEx
−$19.3K −$12.76/SF
NOI
$23.6K $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%
$472,560
Cap Rate 7%
$337,543
Cap Rate 9%
$262,533
Alternative Uses
Best Use
Apartment 5plus
$337.5K
$295.4K – $393.8K
NOI $23,628 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$474.8K
$415.4K – $553.9K
NOI $33,235 @ 7.0% cap · market cap 6.65%
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
660
Businesses Nearby
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Business Placement
Demographics for 20147, VA
66,394
Population
25,474
Households
2.6
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
3,353
Density / Sq Mi
$161,356
Median Household Income
$83,880
Median Earnings
$2,394
Median Rent
$679,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit condo features a covered balcony, dedicated laundry room, and covered parking.
Where is this residential income property located?
The property is located at 20580 HOPE SPRING TERRACE Unit 204 Ashburn, VA.
What is the asking price?
The asking price for this property is $499,990.
What are key features of this property?
This property features: 1,515‑square‑foot end‑unit residence with 2 bedrooms, a separate den, and 2 bathrooms; Two adjoining, temperature‑controlled storage units; Fresh paint throughout, new bedroom and den carpet, and new quartz bathroom countertops
