Residential Income Property with Private
For Sale
$870,000
22171 SPRINGSIDE TERRACE Unit 300, Ashburn, VA 20148
Luxury condo with an open layout, upgraded kitchen, private balcony, and direct elevator access to a secluded foyer.
Property Size2,285 SF
Days on Market132
Property Features for 22171 SPRINGSIDE TERRACE Unit 300
General Information
Standard status
Active
Size
2,285 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,574
Building Details
Building Size
2,285 SF
Year Built
2023
Listing Agency:
Pearson Smith Realty, LLC
(703) 728-2537
Listed By:
Cynthia D Anderson · License #0225205041
(703) 728-2537
Source:
Barnesrealestatecompany
Added: Mar 27
Changed: Aug 3
Last Checked: Aug 5 at 4:54AM
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.
Built in 2023 by Toll Brothers, this residential income property is a luxury condominium in Metro Walk Flats with a semi-private elevator opening directly to a private foyer. The interior features an open floor plan, wood flooring, high ceilings, large windows, and a gourmet kitchen with upgraded appliances, enhanced lighting, and substantial storage. A tiled walk-in shower, freestanding soaking tub, and customized closet built-ins add functionality to the primary suite, while the private balcony extends the living area outdoors.
The property is near Ashburn Station, with access to restaurants, shopping, and recreational facilities throughout the Washington metropolitan area. Residents also benefit from managed snow removal, lawn care, and exterior maintenance. Washington, D.C. is accessible by Metro for commuting or leisure.
The property is near Ashburn Station, with access to restaurants, shopping, and recreational facilities throughout the Washington metropolitan area. Residents also benefit from managed snow removal, lawn care, and exterior maintenance. Washington, D.C. is accessible by Metro for commuting or leisure.
Key Highlights
- Built in 2023 by Toll Brothers
- Semi‑private elevator opens directly to a private foyer
- Open floor plan with wood floors, high ceilings, and large windows
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 | $69.4k | $30.36 |
| − Vacancy | −$4.6k | −$2.00 |
| EGI | $64.8k | $28.36 |
| − OpEx | −$29.2k | −$12.76 |
| NOI | $35.6k | $15.60 |
2,285 SF · lease $30.36/SF/yr · vacancy 6.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$509.1K
$445.5K – $594.0K
NOI $35,637 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$716.1K
$626.6K – $835.5K
NOI $50,127 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 20148, VA
61,793
Population
20,413
Households
3
Avg Household Size
34
Median Age
77%
College-Educated
97%
High-School Grad
19.4 sq mi
ZIP Area
3,185
Density / Sq Mi
$233,502
Median Household Income
$119,027
Median Earnings
$2,647
Median Rent
$843,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Luxury condo with an open layout, upgraded kitchen, private balcony, and direct elevator access to a secluded foyer.
Where is this residential income property located?
The property is located at 22171 SPRINGSIDE TERRACE Unit 300 Ashburn, VA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Built in 2023 by Toll Brothers; Semi‑private elevator opens directly to a private foyer; Open floor plan with wood floors, high ceilings, and large windows
