Renovated Residential Income
For Sale
$359,000
503 SUNSET VIEW TERRACE SE #404, Leesburg, VA 20175
Penthouse residence with a loft, private balcony, updated finishes, and access to extensive community amenities.
Property Size992 SF
Price / SF$361.90
Days on Market49
Property Features for 503 SUNSET VIEW TERRACE SE #404
General Information
Standard status
Active
Size
992 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA with loft
Multifamily Units
1
Amenities
private balcony
24-hour security
pool
fitness center
clubhouse
Building Details
Building Size
992 SF
Year Built
2005
Year Renovated
2022
Listing Agency:
Real Broker, LLC
Listed By:
Louis Casciano II · License #0225037918
(855) 450-0442
Source:
Kdrealtygroup.kw
Added: Sep 3
Changed: Oct 10
Last Checked: Oct 20 at 5:25PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 992-square-foot penthouse unit at Westchester at Stratford includes one bedroom, one bathroom, and a loft within an open-concept layout. The 2005 residence was renovated in 2022 and features a kitchen with stainless steel appliances, subway tile, and upgraded granite countertops. Vaulted ceilings, crown molding, recessed lighting, a custom shadowbox wall, and wall sconces add detail throughout the interior. A private balcony extends the living area outdoors.
Community amenities include 24-hour security, a pool, fitness center, and clubhouse. The property is located at 503 Sunset View Terrace SE #404 in Leesburg, Virginia, with access to major transportation routes and an airport approximately 10 miles away.
Community amenities include 24-hour security, a pool, fitness center, and clubhouse. The property is located at 503 Sunset View Terrace SE #404 in Leesburg, Virginia, with access to major transportation routes and an airport approximately 10 miles away.
Key Highlights
- 992 SF penthouse unit with one bedroom, one bathroom, and a loft
- Renovated in 2022; original construction dates to 2005
- Kitchen includes stainless steel appliances, subway tile, and upgraded granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,471
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,420
$309.4K
Cap Rate 7%
$221,014
$221.0K
Cap Rate 9%
$171,900
$171.9K
Market Conditions
NOI Build-Up for 992 SF
Gross rent
$30.1K $30.36/SF
− Vacancy
−$2.0K −$2.00/SF
EGI
$28.1K $28.36/SF
− OpEx
−$12.7K −$12.76/SF
NOI
$15.5K $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%
$309,420
Cap Rate 7%
$221,014
Cap Rate 9%
$171,900
Alternative Uses
Best Use
Apartment 5plus
$221.0K
$193.4K – $257.9K
NOI $15,471 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.9K
$272.0K – $362.7K
NOI $21,762 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
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 - Penthouse residence with a loft, private balcony, updated finishes, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 503 SUNSET VIEW TERRACE SE #404 Leesburg, VA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 992 SF penthouse unit with one bedroom, one bathroom, and a loft; Renovated in 2022; original construction dates to 2005; Kitchen includes stainless steel appliances, subway tile, and upgraded granite countertops
