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12703 Heron Ridge Dr
Score
73
Fairfax, VA

12703 Heron Ridge Dr

558K
4 bd • 2 ba • 1,560 sf

This analysis was generated on 3/20/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$558,100

Price/Sq.Ft

$358

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Hardwood Flooring: Adds warmth and value to the home, desirable for many buyers • Oak Staircase: Classic design element that enhances the home's appeal • Brick Exterior • Hardwood Floors • Skylight • Price Position: The property is listed at $357.76 per sqft, compared to the median price per sqft of $340 in the area. This is approximately 5.2% higher than the median. • Appreciation Trend: Homes in 22030 have sold for 6.5% more than they did a year ago, indicating strong recent appreciation. • Investment Opportunity: After $2,500 in renovations, potential $44,400 equity gain (1776.0% ROI) • Rental Income: $3,330/month with 90% occupancy (0.0% cap rate) • Schools: Being part of the Fairfax County Public School system generally adds value to properties. However, without specific school ratings, it's difficult to quantify the exact premium. • Future Development: No specific planned developments are mentioned in the provided data, but the proximity to shopping centers like Fair Oaks Mall and Fair Lakes Shopping Center suggests ongoing commercial activity.
Hardwood Flooring

Hardwood Flooring

Adds warmth and value to the home, desirable for many buyers.

The Bad

• Complete Bathroom Flooring (HIGH priority): $2,500 • Potential for interest rate hikes could decrease buyer affordability and slow down market activity. • Increased inventory could lead to price stabilization or slight corrections. • Reliance on a strong school system could be a risk if school rankings decline. • Natural light appears limited in the interior shots. The exterior shot shows windows, but the interior brightness is not evident. The presence of a skylight in one image suggests an attempt to improve natural light.

The Ugly

No critical issues identified

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $39,960 with 90% occupancy rate Value Investors: Projected 20.9% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $2,500 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$125,139

Property History

Price History
Ownership Timeline
$415,000Financed
Feb 5, 2019
Khai Hong Nguyen, Helena Nguyet LyYongjin Kim
Deed
Standard Sale (Purchase/Resales)
$130,983Financed
Dec 30, 2002
Centex HomesKhai Nguyen
Deed
New Construction Residential Transactions

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

5.0/10
Average

Middle

5.0/10
Average

High

5.0/10
Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,930

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$558,100
Price/sqft
$358
Layout
4 bd2 ba
0

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$544,500

2.5%

Your price is 2.5% above average

Median Price

$528,500

5.6%

Based on 3 recent sales

Price per Sq.Ft

$328

9.1%

Your price is 9.1% above average $/sqft

Comparable Properties

4585 WHITTEMORE PL #1221, FAIRFAX, VA 22030
Price: $515,000
Sq.Ft: 1,566
Beds/Baths: 3/3
$/Sq.Ft:
$3298.1%
Sale Date: 11/7/2024
12440 LIBERTY BRIDGE RD #303B, FAIRFAX, VA 22033
Price: $590,000
Sq.Ft: 1,866
Beds/Baths: 3/3
$/Sq.Ft:
$31611.6%
Sale Date: 1/2/2025
12428 LIBERTY BRIDGE RD #12428A, FAIRFAX, VA 22033
Price: $528,500
Sq.Ft: 1,556
Beds/Baths: 3/3
$/Sq.Ft:
$3405.1%
Sale Date: 9/30/2024

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