Single-Level Residential
502 SUNSET VIEW TERRACE SE #104, Leesburg, VA 20175
For Sale
New
$299,900
The unit includes kitchen appliances, an in-home washer and dryer, and one assigned parking space.
Property Size804 SF
Days on Market5
Property Features for 502 SUNSET VIEW TERRACE SE #104
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
private balcony
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Scott L Petersen
(571) 386-1075
Source:
Kdrealtygroup.kw
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 2:35AM
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.
Set within Stratford Club, this single-level condo has an open living, dining, and kitchen area, with a separate breakfast area beside the kitchen. Nine-foot ceilings, crown molding, and chair rail trim the interior. The kitchen has gas cooking, a dishwasher, microwave, and refrigerator; a washer and dryer are also included. A private balcony faces garden and lawn areas. One assigned parking space and visitor parking are available.
Built in 2005, the unit received new flooring in 2025 and new lighting in 2024. Its HVAC system was replaced in 2024; the water heater and ceiling insulation were upgraded in 2022. The gated community’s condo fee covers exterior maintenance, lawn care, snow removal, and trash service. A bus stop is less than one mile away, and commuter lots are within five miles.
Built in 2005, the unit received new flooring in 2025 and new lighting in 2024. Its HVAC system was replaced in 2024; the water heater and ceiling insulation were upgraded in 2022. The gated community’s condo fee covers exterior maintenance, lawn care, snow removal, and trash service. A bus stop is less than one mile away, and commuter lots are within five miles.
Key Highlights
- Single‑level condo in gated Stratford Club community
- Nine‑foot ceilings, crown molding, and chair rail
- Private balcony with garden and lawn views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,539
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,780
$250.8K
Cap Rate 7%
$179,129
$179.1K
Cap Rate 9%
$139,322
$139.3K
Market Conditions
NOI Build-Up for 804 SF
Gross rent
$24.4K $30.36/SF
− Vacancy
−$1.6K −$2.00/SF
EGI
$22.8K $28.36/SF
− OpEx
−$10.3K −$12.76/SF
NOI
$12.5K $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%
$250,780
Cap Rate 7%
$179,129
Cap Rate 9%
$139,322
Alternative Uses
Best Use
Apartment 5plus
$179.1K
$156.7K – $209.0K
NOI $12,539 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$252.0K
$220.5K – $294.0K
NOI $17,638 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
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Business Placement
Demographics for 20175, VA
33,245
Population
12,695
Households
2.6
Avg Household Size
38
Median Age
64%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
563
Density / Sq Mi
$168,035
Median Household Income
$80,588
Median Earnings
$2,039
Median Rent
$717,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes kitchen appliances, an in-home washer and dryer, and one assigned parking space.
Where is this residential income property located?
The property is located at 502 SUNSET VIEW TERRACE SE #104 Leesburg, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Single‑level condo in gated Stratford Club community; Nine‑foot ceilings, crown molding, and chair rail; Private balcony with garden and lawn views
