Lorton, VA 22079,8950 HOOES RD
Lorton, VA 22079,8950 HOOES RD
Lorton, VA 22079,8950 HOOES RD
33
$1,200,000
$1,195,000
0.4%
Est.Price: ?

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5 BD
4 BA
3,262 SqFt

8950 HOOES RD Lorton, VA 22079

Est. payment /mo
SOLD DATE : 10/16/2024

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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

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Bright MLS (BMLS)
Listed by SERIF SOYDAN • EXP Realty, LLC
Bought with NON MEMBER • Non Subscribing Office

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agent

Joann Stamatopoulos

Agent | License ID: 672270

+1(443) 355-1038

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