Turnkey 2BR/2BA Condo with
2200 CASTLE ROCK SQUARE #2B Reston, VA 20191
For Sale
$290,000
Fully renovated first-floor condo features a remodeled kitchen, updated baths, private patio, and two assigned parking spaces.
Property Size894 SF
Price / SF$324.38
Days on Market8
Property Features for 2200 CASTLE ROCK SQUARE #2B
General Information
- Standard status
- Active
- Size
- 894 SF
- Property subtype
- Apartment
Building Details
- Year Built
- 1974
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #RB-0031296
(888) 400-2513
Source:
Cummingsrealtors
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 26 at 2:02PM
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 Homecoin.com
Investment Insights
Based on property information with market context.
This fully renovated, turnkey first-floor condo offers a one-level 2BR/2BA layout with fresh paint and brand-new flooring throughout. The remodeled galley kitchen includes granite countertops, stainless steel appliances, and abundant cabinet storage. Both bathrooms have modern upgrades, and a new stacked washer/dryer is located inside the unit. An inviting dining area connects the kitchen and living space, with both bedrooms providing decent size and closet storage. Enjoy a private patio with tree views.
The HOA covers all utilities including electricity, gas, water, sewer, trash, and snow removal, along with full building maintenance, including the HVAC and water heater systems. Owners also receive access to Reston Association amenities, including pools, tennis courts, and miles of trails. Additional assigned storage is provided by the community.
Two assigned parking spaces are included, along with ample visitor parking. The property is under a mile to the Metro and is moments from Reston Town Center, major routes, and Dulles Airport.
The HOA covers all utilities including electricity, gas, water, sewer, trash, and snow removal, along with full building maintenance, including the HVAC and water heater systems. Owners also receive access to Reston Association amenities, including pools, tennis courts, and miles of trails. Additional assigned storage is provided by the community.
Two assigned parking spaces are included, along with ample visitor parking. The property is under a mile to the Metro and is moments from Reston Town Center, major routes, and Dulles Airport.
Key Highlights
- Fully renovated first‑floor 2BR/2BA condo in Reston’s Shadowood community
- Recently remodeled galley kitchen with granite countertops and stainless steel appliances
- Both bathrooms updated; brand‑new stacked washer/dryer in the unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.1k | $30.36 |
| − Vacancy | −$1.8k | −$2.00 |
| EGI | $25.4k | $28.36 |
| − OpEx | −$11.4k | −$12.76 |
| NOI | $13.9k | $15.60 |
894 SF · lease $30.36/SF/yr · vacancy 6.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$199.2K
$174.3K – $232.4K
NOI $13,943 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$280.2K
$245.2K – $326.9K
NOI $19,612 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Fully renovated first-floor condo features a remodeled kitchen, updated baths, private patio, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 2200 CASTLE ROCK SQUARE #2B Reston, VA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Fully renovated first‑floor 2BR/2BA condo in Reston’s Shadowood community; Recently remodeled galley kitchen with granite countertops and stainless steel appliances; Both bathrooms updated; brand‑new stacked washer/dryer in the unit
