One-Bedroom Condominium with
For Sale
$257,500
3101 BUCCANEER COURT Unit 1, Fairfax, VA 22031
Updated flooring and paint complement a private outlook over landscaped green space.
Property Size962 SF
Price / SF$267.67
Days on Market32
Property Features for 3101 BUCCANEER COURT Unit 1
General Information
Standard status
Active
Size
962 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,669
Amenities
pool
community center
walking paths
Building Details
Building Size
962 SF
Year Built
1973
Listing Agency:
Corcoran McEnearney
Listed By:
Sarah Bobbin · License #0225219576
(571) 225-8716
Source:
Jackrealtygroup
Added: Sep 26
Changed: Oct 26
Last Checked: Oct 26 at 2:49PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 962-square-foot condominium has one bedroom and one bathroom, with a foyer, separate living and dining rooms, and a kitchen with space for a small table or prep counter. A walk-in closet serves the bedroom, and the laundry is adjacent. The living room opens onto a patio. Recent interior work includes fresh paint, vinyl plank flooring in the main living areas, bedroom and hall carpeting, new shades, and updated bathroom vanity fixtures and lighting. The unit was built in 1973.
Set at the end of Hawthorne Village, the home looks out toward lawn and trees. Routes 66, 29, 50, and 123 are nearby, as are a bus stop, the Mosaic District, and George Mason. Vienna Metro is approximately 1.5 miles away; CUE bus service connects Fairfax City, GMU, and Vienna Metro.
The condominium fee covers hot and cold water, heat, air conditioning, grounds care, pool, community center, and walking paths. On-site management is provided.
Set at the end of Hawthorne Village, the home looks out toward lawn and trees. Routes 66, 29, 50, and 123 are nearby, as are a bus stop, the Mosaic District, and George Mason. Vienna Metro is approximately 1.5 miles away; CUE bus service connects Fairfax City, GMU, and Vienna Metro.
The condominium fee covers hot and cold water, heat, air conditioning, grounds care, pool, community center, and walking paths. On-site management is provided.
Key Highlights
- 962‑square‑foot condominium with one bedroom and one bathroom
- Living room access to a private patio overlooking green space
- Kitchen accommodates a small table or rolling prep counter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,400
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,000
$288.0K
Cap Rate 7%
$205,714
$205.7K
Cap Rate 9%
$160,000
$160.0K
Market Conditions
NOI Build-Up for 962 SF
Gross rent
$27.7K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$26.2K $27.22/SF
− OpEx
−$11.8K −$12.25/SF
NOI
$14.4K $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%
$288,000
Cap Rate 7%
$205,714
Cap Rate 9%
$160,000
Alternative Uses
Best Use
Apartment 5plus
$205.7K
$180.0K – $240.0K
NOI $14,400 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.03M
$3.53M – $4.70M
NOI $282,272 @ 7.0% cap · market cap 109.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
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Business Placement
Demographics for 22031, VA
35,256
Population
15,390
Households
2.3
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,966
Density / Sq Mi
$129,743
Median Household Income
$74,178
Median Earnings
$2,267
Median Rent
$710,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated flooring and paint complement a private outlook over landscaped green space.
Where is this residential income property located?
The property is located at 3101 BUCCANEER COURT Unit 1 Fairfax, VA.
What is the asking price?
The asking price for this property is $257,500.
What are key features of this property?
This property features: 962‑square‑foot condominium with one bedroom and one bathroom; Living room access to a private patio overlooking green space; Kitchen accommodates a small table or rolling prep counter
