Top-Floor Residential Income
For Sale
$575,900
23520 HOPEWELL MANOR TERRACE, Ashburn, VA 20148
Townhouse-style condominium with two private balconies, open living areas, and access to extensive community amenities.
Property Size2,461 SF
Price / SF$234.01
Days on Market50
Property Features for 23520 HOPEWELL MANOR TERRACE
General Information
Standard status
Active
Size
2,461 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,527
Amenities
pools
fitness facilities
trails
sport courts
playgrounds
clubhouses
private balconies
Building Details
Building Size
2,461 SF
Year Built
2013
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Nathaniel David Johnson · License #0225254672
(847) 345-6306
Source:
Kerishull
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 15 at 5:12AM
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
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Investment Insights
Based on property information with market context.
This top-floor, townhouse-style condominium offers 2,461 square feet with three bedrooms, three bathrooms, and two private balconies. The main living areas feature real hardwood flooring, while the open kitchen includes granite countertops, stainless steel appliances, extensive cabinetry, and a center island. The primary suite is complemented by two additional bedrooms that can accommodate household, guest, or office needs.
Western exposure provides mountain and sunset views from both balconies. Community amenities include pools, fitness facilities, trails, sport courts, playgrounds, and clubhouses. The property was built in 2013 and is located near Brambleton Town Center, Ashburn Metro, the Dulles Greenway, major commuter routes, and Dulles International Airport.
Western exposure provides mountain and sunset views from both balconies. Community amenities include pools, fitness facilities, trails, sport courts, playgrounds, and clubhouses. The property was built in 2013 and is located near Brambleton Town Center, Ashburn Metro, the Dulles Greenway, major commuter routes, and Dulles International Airport.
Key Highlights
- 2,461‑square‑foot top‑floor condominium with three bedrooms and three bathrooms
- Two private balconies with western‑facing mountain and sunset views
- Open kitchen with granite countertops, stainless steel appliances, cabinetry, and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,382
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,640
$767.6K
Cap Rate 7%
$548,314
$548.3K
Cap Rate 9%
$426,467
$426.5K
Market Conditions
NOI Build-Up for 2,461 SF
Gross rent
$74.7K $30.36/SF
− Vacancy
−$4.9K −$2.00/SF
EGI
$69.8K $28.36/SF
− OpEx
−$31.4K −$12.76/SF
NOI
$38.4K $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%
$767,640
Cap Rate 7%
$548,314
Cap Rate 9%
$426,467
Alternative Uses
Best Use
Apartment 5plus
$548.3K
$479.8K – $639.7K
NOI $38,382 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$771.3K
$674.9K – $899.8K
NOI $53,988 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
285
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Townhouse-style condominium with two private balconies, open living areas, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 23520 HOPEWELL MANOR TERRACE Ashburn, VA.
What is the asking price?
The asking price for this property is $575,900.
What are key features of this property?
This property features: 2,461‑square‑foot top‑floor condominium with three bedrooms and three bathrooms; Two private balconies with western‑facing mountain and sunset views; Open kitchen with granite countertops, stainless steel appliances, cabinetry, and center island
