Top-Floor Residential
For Sale
$489,000
21480 MOUNT STERLING TERRACE Unit 402, Sterling, VA 20164
A private balcony, elevator access, and garage parking complement the condo’s upper-level position.
Property Size1,122 SF
Price / SF$435.83
Days on Market21
Property Features for 21480 MOUNT STERLING TERRACE Unit 402
General Information
Standard status
Active
Size
1,122 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
HOA Fee
$264
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,636
Amenities
swimming pool
tennis court
pickleball court
Building Details
Building Size
1,122 SF
Year Built
2024
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 7
Changed: Oct 27
Last Checked: Oct 26 at 2:29PM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this 1,122-square-foot condo occupies the top floor and has no adjoining neighbors on either side or above. The home includes a kitchen with ample cabinetry, new appliances, and a private balcony with mountain views in one direction and city views in the other. Elevator service and a private garage parking space, identified as Garage #23, are provided; resident parking is also available.
Community amenities include a swimming pool, tennis court, pickleball court, and maintained grounds. Parks, shopping, restaurants, coffee shops, and Costco and Harris Teeter are nearby. The community is also close to two Metro lines, major roads, Loudoun One, and area employers.
Community amenities include a swimming pool, tennis court, pickleball court, and maintained grounds. Parks, shopping, restaurants, coffee shops, and Costco and Harris Teeter are nearby. The community is also close to two Metro lines, major roads, Loudoun One, and area employers.
Key Highlights
- Top‑floor condo with no neighbors above or on either side
- 1,122 square feet; built in 2024
- Private balcony with mountain and city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,499
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,980
$350.0K
Cap Rate 7%
$249,986
$250.0K
Cap Rate 9%
$194,433
$194.4K
Market Conditions
NOI Build-Up for 1,122 SF
Gross rent
$34.1K $30.36/SF
− Vacancy
−$2.2K −$2.00/SF
EGI
$31.8K $28.36/SF
− OpEx
−$14.3K −$12.76/SF
NOI
$17.5K $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%
$349,980
Cap Rate 7%
$249,986
Cap Rate 9%
$194,433
Alternative Uses
Best Use
Apartment 5plus
$250.0K
$218.7K – $291.7K
NOI $17,499 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$351.6K
$307.7K – $410.2K
NOI $24,614 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
Explore this area
Business Placement
Demographics for 20164, VA
40,888
Population
13,077
Households
3.1
Avg Household Size
36
Median Age
39%
College-Educated
81%
High-School Grad
7.6 sq mi
ZIP Area
5,380
Density / Sq Mi
$132,067
Median Household Income
$47,315
Median Earnings
$2,031
Median Rent
$526,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, elevator access, and garage parking complement the condo’s upper-level position.
Where is this residential income property located?
The property is located at 21480 MOUNT STERLING TERRACE Unit 402 Sterling, VA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Top‑floor condo with no neighbors above or on either side; 1,122 square feet; built in 2024; Private balcony with mountain and city views
