12437 Popes Head Road For Sale

  • $385,000
  • 3 beds
  • 1 baths
  • 768 sqft

12437 Popes Head Road is a 3 bedroom / 1 bath, single family home and resides in the Vannoy Park community. It is a 768 square foot composite shingle roof home. The home sits on a large 21,781 square foot lot (great for rebuild or expansion opportunity), .500 acres and was built in 1954. The interior of the home is one story and has an open floor plan on the main level with kitchen and living room. The exterior is nicely kept with a small shed and a huge lot. This is definitely either an opportunity to do an extension or a tear down and rebuild.

Houses in the area sell for $850 up to $1.7M! The house right next door sold for $1M!

 

Scenario #1- Tear down and Rebuild

  • Purchase Closing Costs (3%): $11,550
  • Carrying Costs: $9,200
  • Rehab cost: 400,000 (for tear down and rebuild)
  • Total Funded: $805,750 @ 14 months

Investment & Profit

  • Gross After-Rehab Value (ARV): $1.1M
  • Closing and Commissions: $77,000
  • NET ARV: $1,023,000
  • NET PROFIT: $217,250
  • Profit = $217,250 (26.96% ROI / 22.68% Annualized) Based on no loans or leverage


Scenario #2- Extension

  • Purchase Closing Costs: $6,799
  • Carrying Costs (3%): $11,550
  • Rehab cost: $225,000 (for extension)
  • Total Funded: $628,349 @ 10 months

Investment & Profit

  • Gross After-Rehab Value (ARV) = $880,000
  • Closing and Commissions (7%): $61,600
  • NET ARV: $818,400
  • NET Profit: $190,051
  • Profit = $190,051 (30.24% ROI / 35.60% Annualized)

Comps

  • As is, the comps are: 6045 COLCHESTER RD, FAIRFAX, VA 22030 Sold $770,000
  • 5401 COLCHESTER MEADOW LN, FAIRFAX, VA 22030 Sold $700,000
  • 11613 POPES HEAD RD, FAIRFAX, VA 22030 Under Contract as an inv. property $450k

If the investor were to tear down and rebuild:

  • 6840 TEPPER DR, CLIFTON, VA 20124 Sold $1,050,000
  • 5391 SUMMIT DR, FAIRFAX, VA 22030 Under Contract $999,990
  • FOX CHAPEL ESTATES DR, FAIRFAX, VA 22030 New Contstruction $1,599,990
Price:
$385,000
Address:
12437 Popes Head Road
Clifton, VA 20124
Square Feet:
768
Lot Size:
21,781
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1954

Additional Features

LOCATION: 12437 Popes Head Road is located in Clifton Virginia within the Vannoy Park community. Clifton is a great suburb located in southwestern Fairfax County, Virginia. Less than 30 miles from Washington, DC and yet protected from the surrounding sprawl. Clifton is close to several parks and home to great schools such as Willow Springs Elementary and Fairfax High School.

Call 214-256-1602 for more details

Property Location