$33,882
$33,882
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1 Bed
1 Bath
590 SqFt
SOLD DATE : 03/06/2024
Key Details
Sold Price $33,882
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 590 sqft
Price per Sqft $57
Subdivision Colonial Village
MLS Listing ID VAAR2040510
Sold Date 03/06/24
Style Colonial
Bedrooms 1
Full Baths 1
Condo Fees $1,262/mo
HOA Y/N N
Abv Grd Liv Area 590
Originating Board BRIGHT
Year Built 1938
Annual Tax Amount $906
Tax Year 2023
Property Description
This co-op unit is a rare opportunity to live in a great location in Arlington at an extremely affordable price of $33,882. The one-bedroom/one-bath unit, on the second floor in a garden-style apartment, is only two blocks from the Courthouse metro stop and a short distance to many restaurants, shops, and other amenities. It has approximately 600 sq. feet of living space with upgraded stainless steel appliances, hardwood parquet floors, a large walk-in bedroom closet and coat closet in foyer, and individual HVAC with heat pump/central AC.
The unit is part of Colonial Village Commons, a limited-equity cooperative community. The transfer/sale price of this unit is $33,882. There are no closing costs or income limits! The monthly co-op carrying charge for the unit is $1,262. This covers water, sewer, trash, all financial obligations (including property taxes), repairs, and property and grounds maintenance. The only reoccurring costs, other than the monthly co-op charge, are electric and cable/Internet. The co-op does not regularly assess any fees.
A laundry facility is located in the ground floor of same building. Ample zoned street parking is available nearby with an Arlington County permit.
The listed sale price (transfer value) and all future sale prices cannot exceed a value set by the co-op's bylaws, which is adjusted each year based on inflation. Co-op members receive the updated value when they move out and sell. On average, the price has increased $800-$1,000 annually in recent years. The sale price and monthly co-op charge are non-negotiable. Please note that the co-op requires units to be owner occupied and does not permit subletting of units, investors, or dogs.
The unit will be available for move in starting on 3/3.
Location
State VA
County Arlington
Zoning RA7-16
Rooms
Other Rooms Bedroom 1
Main Level Bedrooms 1
Interior
Hot Water None
Heating Baseboard - Electric, Heat Pump(s)
Cooling Ceiling Fan(s), Central A/C, Heat Pump(s), Programmable Thermostat
Flooring Hardwood, Wood
Equipment Cooktop, Energy Efficient Appliances, Oven/Range - Electric, Stove
Furnishings No
Fireplace N
Appliance Cooktop, Energy Efficient Appliances, Oven/Range - Electric, Stove
Heat Source None
Laundry Basement
Exterior
Amenities Available Common Grounds, Laundry Facilities
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Story 3
Unit Features Garden 1 - 4 Floors
Sewer Other
Water Public
Architectural Style Colonial
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Arlington County Public Schools
Others
Pets Allowed Y
HOA Fee Include Appliance Maintenance,Common Area Maintenance,Ext Bldg Maint,Insurance,Lawn Care Front,Lawn Maintenance,Reserve Funds,Sewer,Snow Removal,Taxes,Trash,Underlying Mortgage,Water
Senior Community No
Tax ID 16-030-105
Ownership Cooperative
Special Listing Condition Standard
Pets Description Cats OK, Number Limit
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4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States