Residential Income Property with Private
For Sale
$830,000
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 Market198
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
Listed By:
Cynthia D Anderson · License #0225205041
(703) 728-2537
Source:
Barnesrealestatecompany
Added: Mar 27
Changed: Oct 3
Last Checked: Oct 10 at 2:25AM
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
Estimated NOI and Cap Rate
NOI / Yr
$35,637
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,740
$712.7K
Cap Rate 7%
$509,100
$509.1K
Cap Rate 9%
$395,967
$396.0K
Market Conditions
NOI Build-Up for 2,285 SF
Gross rent
$69.4K $30.36/SF
− Vacancy
−$4.6K −$2.00/SF
EGI
$64.8K $28.36/SF
− OpEx
−$29.2K −$12.76/SF
NOI
$35.6K $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%
$712,740
Cap Rate 7%
$509,100
Cap Rate 9%
$395,967
Alternative Uses
Best Use
Apartment 5plus
$509.1K
$445.5K – $594.0K
NOI $35,637 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$716.1K
$626.6K – $835.5K
NOI $50,127 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
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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 $830,000.
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
