8950 Hooes Road

LORTON, VA 22079

  • 5 Bed(s)
  • 3.5 Bath(s)
  • 0 Sqft
  • 130680
    Sqft(Lot)
$1,195,000

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!

  • Property Type

    Residential

  • Subdivision

    Crosspointe Glen

  • County

    FAIRFAX

  • Style

    Victorian

  • AD ID

    46723585

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Property Details

  • Bedroom Information

    • Total Bedrooms : 5
    • Total Bedroom (Upper): 5
    • Bedroom Upper Level 1: 3
    • Bedroom Upper Level 1: 2

    Bathroom Information

    • Total Baths: 4
    • Full Baths: 3
    • Half Baths: 1

    Water/Sewer

    • Water Source : Public

    Interior Features

    • Basement Description: Partially Finished

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Other
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1925
    • Structure: Detached
    • Fireplace: 4
    • New Construction: No
    • Built: 1925
    • Construction Material: Wood Siding
    • Foundation/Basement: Concrete Perimeter
    • Architecture: Victorian
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Septic Exists

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 130,680
    • Lot Size (Acres): 3.00
    • Architectural Style: Victorian
    • Main Square Feet: 130,680

    Property Information

    • SQ ft: 4,142
    • SQ ft (Living Area): 3,262
    • Total Lot SQ ft: 130,680
    • Subdivision: CROSSPOINTE GLEN
    • Financing: Conventional,Cash
    • Total Acreage: 3.00
    • New Construction: No
    • Type: Victorian

  • Listing Information

    • Possession: Subject to Existing Lease
    • Days Of Market: 42

    Lease Information

    • Lease Considered: No

  • Tax Information

    • Annual Tax: $8,479
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Subject to Existing Lease

    Assessment Information

    • Taxes Assessment Amount: $753,680

  • Virtual Tour

    Parking Information

    • Garage: 2
    • Garage Type: Garage - Front Entry
    • Parking Type: Detached Garage

    Multi-Unit Information

    • Acceptable Financing: Conventional,Cash

    Homeowners Association Information

    • Direction: GPS

  • School Information

    • High School: SOUTH COUNTY
    • School District: FAIRFAX COUNTY PUBLIC SCHOOLS

    Fire Place Information

    • Total Fire Place: 4

    Utility Information

    • Water Source: Public
    • Sewer: Septic Exists
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: GPS
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BuyOwner last updated this listing 11/21/2024 @ 09:38

  • MLS: VAFX2198236
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 5 bedrooms which is recently sold, it has 0 sqft, 130,680 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of LORTON , in zip code 22079, this FAIRFAX County Home , it is in the CROSSPOINTE GLEN Subdivision, are nearby neighborhoods.