$1,200,000
$1,195,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
8950 HOOES RD Lorton, VA 22079
5 Beds
4 Baths
3,262 SqFt
Key Details
Sold Price $1,200,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,262 sqft
Price per Sqft $367
Subdivision Crosspointe Glen
MLS Listing ID VAFX2198236
Sold Date 10/16/24
Style Victorian
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 3,262
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $8,478
Tax Year 2024
Lot Size 3.000 Acres
Acres 3.0
Property Description
Attention Investors:
Discover a prime investment opportunity with significant potential returns! This property, zoned R-1 (Residential 1 DU/AC), presents a unique chance to capitalize on a ready-to-go subdivision project while collecting rental income. With a tenant lease in place until November 30, 2025, providing $4,500 per month in rent, you can generate income while finalizing the subdivision process for an additional 2-acre lot.
Key Features:
Subdivision Opportunity: The subdivision plan for three lots is fully prepared and ready for county submission. This allows for the construction of two single-family homes, each approximately 5,000 square feet on 1 acre of land.
County Approval: All county comments have been addressed and confirmed during a county meeting, making the subdivision ready for final approval.
Investment to Date: Over $150K has already been invested in engineering and subdivision preparation. All related documents and applications are available for review in the county records.
Renovated Existing Property: The current house has undergone a complete renovation in 2024, including updates to the roofing, siding, flooring, kitchen, bathrooms, doors, windows, and garage, with a total investment of approximately $400K.
Transfer of Plans: All engineering plans and subdivision documents can be transferred to the new owner, allowing immediate benefit from the subdivision process.
Appraisal Value: Post-subdivision, the appraisal value exceeds $1.8 million for the three lots, with the potential to surpass $4 million after the construction of the two new homes.
Current Home Description:
This stunning, move-in-ready, 4,142 sqft single-family residence is situated on a beautiful 3-acre lot in the heart of Lorton. Originally built in 1913 by Samuel Davis and Mary "Molly" Plaskett—founders of the Lorton area—the Victorian-style home has been meticulously renovated in 2023 to preserve its historical charm while incorporating modern amenities.
Featuring five bedrooms, three full baths, and one-half bath, this spacious home is perfect for professionals seeking a tranquil, nature-filled environment without sacrificing the convenience of city living. The property includes a 2-story, 400 sqft storage shed that can be utilized as storage or an office. The home boasts four original fireplaces with chimneys in the family room, living room, master bedroom, and a second bedroom.
Enjoy summer evenings in the outdoor areas, perfect for entertaining family and friends. The property offers a stunning front and back yard, shaded by large, mature trees, providing the perfect blend of city amenities, vibrant community, and peaceful living.
If you're seeking a unique investment opportunity with the charm of historical living, this property is your ideal choice. Don't miss out on the chance to make this exceptional home and development opportunity yours!
Location
State VA
County Fairfax
Zoning R-1(RESIDENTIAL 1 DU/AC)
Rooms
Basement Partially Finished
Interior
Hot Water Electric
Heating Other
Cooling Central A/C
Fireplaces Number 4
Fireplace Y
Heat Source Electric
Exterior
Parking Features Garage - Front Entry
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage Y
Building
Story 2
Foundation Concrete Perimeter
Sewer Septic Exists
Water Public
Architectural Style Victorian
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools South County
School District Fairfax County Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 0974 01 0020B
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Pets Allowed Case by Case Basis
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with NON MEMBER • Non Subscribing Office