8950 Hooes Road
LORTON, VA 22079
- 5 beds
- 4 baths
- 3,262 sqft
- ~3 acre lot
- $367 per sqft
- 1925 build
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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!
Listing courtesy of BRIGHT / EXP Realty, LLC
Last checked:
Checking…
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Last updated Nov 6, 2024
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MLS# VAFX2198236 —
The Building
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Year Built:1925
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Year Built Source:Estimated
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Year Major Reno/Remodel:2023
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New Construction:No
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Construction Materials:Wood Siding
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Structure Type:Detached
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Architectural Style:Victorian
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Historic:No
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Levels:2
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Accessibility Features:None
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Foundation Details:Concrete Perimeter
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Basement:Yes
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Basement Type:Partially Finished
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Total SqFt Source:Estimated
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Total Below Grade SqFt:880
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Total Below Grade SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:3262
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Above Grade Finished SqFt Source:Estimated
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Estimated
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Below Grade Unfinished SqFt:880
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Below Grade Unfinished SqFt Source:Estimated
Interior
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Fireplace:Yes
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Fireplaces:4
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:4142
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Living Area SqFt:3,262 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, Cash
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Buyer Financing:Conventional
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Possession:Subject to Existing Lease
Location
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Directions:GPS
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Latitude:38.72486000
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Longitude:-77.25349000
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:3.00
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Lot Size Source:Estimated
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Lot SqFt:130,680 Sqft
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Zoning:R-1(RESIDENTIAL 1 DU/AC)
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In City Limits:No
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:011
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (312) 330-7300
- Office phone:
- (833) 335-7433
Taxes
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Tax ID Number:0974 01 0020B
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Tax Year:2024
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Tax Annual Amount:$8,478.90
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Tax Assessed Value:$753,680
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Year Assessed:2024
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:5
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Upper Level Bedrooms:5
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Upper Level 1 Bedrooms:3
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Bedrooms Upper Level:2
Baths
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Total Baths:4
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Full Baths:3
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Half Baths:1
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Main Level Baths:1.00
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Main Level Half Baths:1
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Upper Level Full Baths:3
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Upper Level Total Baths:3
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Upper Level Total Baths:2.00
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Upper Level 2 Total Baths:1.00
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Upper Level Full Baths:2
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Upper Level 2 Full Baths:1
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Other
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Septic Exists
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Hot Water:Electric
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Water Source:Public
Schools
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High School:SOUTH COUNTY
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School District Name:Fairfax County Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Crosspointe Glen
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Senior Community:No
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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HOA:No
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Condo/Coop Association:No
Parking
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Total Garage and Parking Spaces:2
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Garage:Yes
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Garage Features:Garage - Front Entry
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Garage Spaces:2.00
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Type of Parking:Detached Garage
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# of Detached Garage Spaces:2
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/16/24
Oct 16, 2024
|
Sold | BRIGHT | $1,200,000 | 0.4% |
10/3/24
Oct 3, 2024
|
Sold Subject To Contingencies | BRIGHT | $1,195,000 | |
8/23/24
Aug 23, 2024
|
Listed / Active | BRIGHT | $1,195,000 |