Updated Residential Income
For Sale
$355,000
2221 LOVEDALE LANE Unit C, Reston, VA 20191
The Reston condo pairs a two-bedroom layout with a private patio and refreshed interior finishes.
Property Size928 SF
Price / SF$382.54
Days on Market52
Property Features for 2221 LOVEDALE LANE Unit C
General Information
Standard status
Active
Size
928 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,314
Building Details
Building Size
928 SF
Year Built
1986
Listing Agency:
Samson Properties
Listed By:
Christopher Silva · License #0225218393
(703) 994-0101
Source:
Catoctinproperties
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 3 at 6:18AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 928-square-foot Reston condo has two bedrooms and two full bathrooms. Interior improvements include LVT flooring, fresh paint, updated lighting, refreshed bathrooms, stainless steel kitchen appliances, and a new backsplash. A private patio extends the living space outdoors.
Lighted tennis courts are less than a minute’s walk away. Reston Town Center is approximately 10 minutes from the property, with shopping, dining, entertainment, parks, and recreation in the surrounding area. The home was built in 1986.
Lighted tennis courts are less than a minute’s walk away. Reston Town Center is approximately 10 minutes from the property, with shopping, dining, entertainment, parks, and recreation in the surrounding area. The home was built in 1986.
Key Highlights
- 928‑square‑foot condo with two bedrooms and two full bathrooms
- Private patio
- LVT flooring, updated lighting, refreshed bathrooms, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,891
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,820
$277.8K
Cap Rate 7%
$198,443
$198.4K
Cap Rate 9%
$154,344
$154.3K
Market Conditions
NOI Build-Up for 928 SF
Gross rent
$26.7K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.3K $27.22/SF
− OpEx
−$11.4K −$12.25/SF
NOI
$13.9K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,820
Cap Rate 7%
$198,443
Cap Rate 9%
$154,344
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.5K
NOI $13,891 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.89M
$3.40M – $4.54M
NOI $272,296 @ 7.0% cap · market cap 76.70%
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
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 20191, VA
29,948
Population
12,744
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,839
Density / Sq Mi
$141,019
Median Household Income
$62,313
Median Earnings
$1,983
Median Rent
$616,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The Reston condo pairs a two-bedroom layout with a private patio and refreshed interior finishes.
Where is this residential income property located?
The property is located at 2221 LOVEDALE LANE Unit C Reston, VA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 928‑square‑foot condo with two bedrooms and two full bathrooms; Private patio; LVT flooring, updated lighting, refreshed bathrooms, and fresh paint
