Two-Bedroom Active Adult
8970 FASCINATION COURT Unit 130, Lorton, VA 22079
For Sale
$289,000
A first-floor layout includes two en-suite bedrooms and a modern kitchen with granite finishes.
Property Size890 SF
Price / SF$324.72
Days on Market117
Property Features for 8970 FASCINATION COURT Unit 130
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
gated security entrance
secure lobby
indoor heated pool
spa
fitness room
billiards room
banquet room
main activity room
bocci court
tennis court
tot lot playground
lovely gardens
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty/Lee Beaver & Assoc.
Listed By:
Kevin V Scharek · License #0225193130
(703) 330-3333
Source:
Irvinrealtyllc
Added: Jul 16
Changed: Nov 1
Last Checked: Nov 8 at 8:43AM
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 Keller Williams Realty/Lee Beaver & Assoc.
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Investment Insights
Based on property information with market context.
This 890-square-foot, first-floor condominium was built in 2013 and is configured with two bedrooms and two bathrooms, each en-suite. The kitchen features maple cabinetry, granite countertops, a breakfast bar, tile flooring, and stainless steel appliances. The primary suite includes a built-in linen closet and a roll-in shower with a seat.
Residents have access to a gated entrance and secured lobby, along with a clubhouse featuring an indoor heated pool, spa, fitness room, billiards room, banquet room, and activity room. Outdoor amenities include a bocce court, tennis court, playground, and gardens. The property is one mile from I-95 at the Lorton exit and minutes from Fort Belvoir.
Residents have access to a gated entrance and secured lobby, along with a clubhouse featuring an indoor heated pool, spa, fitness room, billiards room, banquet room, and activity room. Outdoor amenities include a bocce court, tennis court, playground, and gardens. The property is one mile from I-95 at the Lorton exit and minutes from Fort Belvoir.
Key Highlights
- 890‑square‑foot condominium built in 2013
- Two bedrooms and two en‑suite bathrooms
- Kitchen with maple cabinets, granite countertops, tile flooring, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,322
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,440
$266.4K
Cap Rate 7%
$190,314
$190.3K
Cap Rate 9%
$148,022
$148.0K
Market Conditions
NOI Build-Up for 890 SF
Gross rent
$25.6K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$24.2K $27.22/SF
− OpEx
−$10.9K −$12.25/SF
NOI
$13.3K $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%
$266,440
Cap Rate 7%
$190,314
Cap Rate 9%
$148,022
Alternative Uses
Best Use
Apartment 5plus
$190.3K
$166.5K – $222.0K
NOI $13,322 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$494.3K
$432.5K – $576.7K
NOI $34,603 @ 7.0% cap · market cap 11.97%
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
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 22079, VA
35,225
Population
12,454
Households
2.8
Avg Household Size
37
Median Age
58%
College-Educated
94%
High-School Grad
28.4 sq mi
ZIP Area
1,240
Density / Sq Mi
$140,817
Median Household Income
$66,333
Median Earnings
$2,457
Median Rent
$600,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A first-floor layout includes two en-suite bedrooms and a modern kitchen with granite finishes.
Where is this residential income property located?
The property is located at 8970 FASCINATION COURT Unit 130 Lorton, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 890‑square‑foot condominium built in 2013; Two bedrooms and two en‑suite bathrooms; Kitchen with maple cabinets, granite countertops, tile flooring, and stainless steel appliances
