Top-Floor Residential Income
For Sale
$389,999
20586 CORNSTALK TERRACE Unit 302, Ashburn, VA 20147
Updated two-bedroom, two-bath residence with private balconies and views over a community lake.
Property Size1,222 SF
Price / SF$319.15
Days on Market68
Property Features for 20586 CORNSTALK TERRACE Unit 302
General Information
Standard status
Active
Size
1,222 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,312
Amenities
private balconies
indoor pool
basketball and racquet sports
fitness center
outdoor pools
tennis courts
basketball courts
soccer fields
baseball fields
walking paths
W&OD Trail
stocked ponds and lakes
smart doorbell
smart door lock
security system
Building Details
Building Size
1,222 SF
Year Built
1996
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Aug 21
Changed: Oct 26
Last Checked: Oct 26 at 2:22PM
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 top-floor residence offers 1,222 square feet, two bedrooms, two bathrooms, and two private balconies oriented toward the community lake. Built in 1996, the home has updated bathrooms, luxury vinyl plank flooring, a refreshed kitchen backsplash, a newer refrigerator, and fresh interior paint. A new HVAC system was installed in 2024. Smart-home features include a Nest thermostat, smart doorbell, smart lock, and security system.
The community provides access to pools, fitness facilities, basketball and racquet sports, tennis courts, soccer and baseball fields, walking paths, lakes, and ponds. The W&OD Trail, shopping, professional services, and Loudoun County schools are also identified as nearby. Exterior siding and composite decks in this development phase have been replaced.
The community provides access to pools, fitness facilities, basketball and racquet sports, tennis courts, soccer and baseball fields, walking paths, lakes, and ponds. The W&OD Trail, shopping, professional services, and Loudoun County schools are also identified as nearby. Exterior siding and composite decks in this development phase have been replaced.
Key Highlights
- 1,222‑square‑foot, two‑bedroom, two‑bath top‑floor residence
- Two private balconies overlook the community lake
- New HVAC system installed in 2024; bathrooms renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,058
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,160
$381.2K
Cap Rate 7%
$272,257
$272.3K
Cap Rate 9%
$211,756
$211.8K
Market Conditions
NOI Build-Up for 1,222 SF
Gross rent
$37.1K $30.36/SF
− Vacancy
−$2.4K −$2.00/SF
EGI
$34.7K $28.36/SF
− OpEx
−$15.6K −$12.76/SF
NOI
$19.1K $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%
$381,160
Cap Rate 7%
$272,257
Cap Rate 9%
$211,756
Alternative Uses
Best Use
Apartment 5plus
$272.3K
$238.2K – $317.6K
NOI $19,058 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$383.0K
$335.1K – $446.8K
NOI $26,808 @ 7.0% cap · market cap 6.87%
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
672
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 - Updated two-bedroom, two-bath residence with private balconies and views over a community lake.
Where is this residential income property located?
The property is located at 20586 CORNSTALK TERRACE Unit 302 Ashburn, VA.
What is the asking price?
The asking price for this property is $389,999.
What are key features of this property?
This property features: 1,222‑square‑foot, two‑bedroom, two‑bath top‑floor residence; Two private balconies overlook the community lake; New HVAC system installed in 2024; bathrooms renovated in 2023
