Updated Residential Income
For Sale
$320,000
20991 TIMBER RIDGE TERRACE #203, Ashburn, VA 20147
Second-floor condominium with a covered patio, renovated bath, refreshed kitchen, and extensive community amenities.
Property Size882 SF
Days on Market24
Property Features for 20991 TIMBER RIDGE TERRACE #203
General Information
Standard status
Active
Size
882 SF
Property subtype
Apartment
Building Details
Building Size
882 SF
Year Built
1991
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Steve Wilburn
(571) 386-1075
Source:
Kdrealtygroup.kw
Added: Sep 17
Changed: Oct 1
Last Checked: Oct 9 at 4:43PM
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
Investment Insights
Based on property information with market context.
This second-floor, two-bedroom condominium in Westmaren offers a comfortable layout with a living room fireplace, covered patio, and two generously sized bedrooms. The kitchen received refaced cabinetry, a refrigerator, and a dishwasher in 2026, along with a 2024 oven. The full bathroom was completely renovated in 2026. Built in 1991, the property combines established construction with recent interior improvements.
Westmaren amenities include a clubhouse and fitness center, swimming pool, tennis and pickleball courts, ball fields, playgrounds, picnic areas, ponds, EV fast-charging stations, parking, and walking and biking trails. The property is in Ashburn, near shopping and dining at One Loudoun and Ashburn Shopping Plaza, with access to Route 7, the Dulles Greenway, the Washington & Old Dominion Trail, Ashburn Silver Line Metro Station, and Dulles International Airport.
Westmaren amenities include a clubhouse and fitness center, swimming pool, tennis and pickleball courts, ball fields, playgrounds, picnic areas, ponds, EV fast-charging stations, parking, and walking and biking trails. The property is in Ashburn, near shopping and dining at One Loudoun and Ashburn Shopping Plaza, with access to Route 7, the Dulles Greenway, the Washington & Old Dominion Trail, Ashburn Silver Line Metro Station, and Dulles International Airport.
Key Highlights
- Two‑bedroom, second‑floor condominium at 20991 TIMBER RIDGE TERRACE #203, ASHBURN, VA 20147
- Kitchen includes refaced cabinetry, new refrigerator, and new dishwasher from 2026; oven replaced in 2024
- Full bathroom completely renovated in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,756
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,120
$275.1K
Cap Rate 7%
$196,514
$196.5K
Cap Rate 9%
$152,844
$152.8K
Market Conditions
NOI Build-Up for 882 SF
Gross rent
$26.8K $30.36/SF
− Vacancy
−$1.8K −$2.00/SF
EGI
$25.0K $28.36/SF
− OpEx
−$11.3K −$12.76/SF
NOI
$13.8K $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%
$275,120
Cap Rate 7%
$196,514
Cap Rate 9%
$152,844
Alternative Uses
Best Use
Apartment 5plus
$196.5K
$172.0K – $229.3K
NOI $13,756 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$276.4K
$241.9K – $322.5K
NOI $19,349 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
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 - Second-floor condominium with a covered patio, renovated bath, refreshed kitchen, and extensive community amenities.
Where is this residential income property located?
The property is located at 20991 TIMBER RIDGE TERRACE #203 Ashburn, VA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑bedroom, second‑floor condominium at 20991 TIMBER RIDGE TERRACE #203, ASHBURN, VA 20147; Kitchen includes refaced cabinetry, new refrigerator, and new dishwasher from 2026; oven replaced in 2024; Full bathroom completely renovated in 2026
