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2248 Sanibel Dr
Score
0
Reston, VA

2248 Sanibel Dr

673K
3 bd • 2 ba • 1,440 sf

This analysis was generated on 3/4/2025. 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

$672,900

Price/Sq.Ft

$467

Year Built

AI Property Analysis

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

The Good

• Price Position: The property is listed at $467.29/sqft, significantly higher than the recent median sold price of $343/sqft. This suggests the property may be overpriced relative to recent market activity. • Appreciation Trend: Homes in 20191 have sold for 9.2% more than they did a year ago, indicating strong recent appreciation. However, this is a short-term trend. • Investment Opportunity: After $8,000 in renovations, potential $4,100 equity gain (51.2% ROI) • Rental Income: $2,400/month with 95% occupancy (4.2% cap rate) • Schools: The impact of school quality on property values in Reston is significant. Homes in highly-rated school zones typically command a premium of 5-10%. • Future Development: Reston is a planned community with ongoing development. Researching approved development plans near Sanibel Dr is recommended to assess potential impacts on property value and quality of life.

The Bad

• Driveway Repair/Replacement (MEDIUM priority): $5,000 • Landscaping Improvement (LOW priority): $3,000 • Rising interest rates could dampen buyer demand and slow price appreciation. • Lack of specific property details (year built, features, condition) makes accurate valuation challenging. • Reliance on limited market data (one month) reduces the reliability of trend analysis. • The amount of natural light may be limited due to the dense tree cover surrounding the property. • Climate Risk: Typical homeowner's insurance in Reston, VA ranges from $1,200-$1,800 annually, but this does not reflect potential climate-related risks. A separate flood insurance policy may be required depending on the property's location within a flood zone.

The Ugly

No critical issues identified
Cracked Driveway

Cracked Driveway

The driveway has visible cracks and could require repair or replacement.

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 $28,800 with 95% occupancy rate Value Investors: Projected 10.7% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $8,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$128,076

Property History

Price History
Ownership Timeline
$626,000Financed
Dec 29, 2021
Fc Investment LlcGrace Wagner, Alec Meadows
Deed
Standard Sale (Purchase/Resales)
$375,000Cash Purchase
Jul 2, 2021
Thomas Edward Cole, Richard Michael ColeFc Investment Llc
Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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

Sunlight Analysis

Data provided by Shadowmap

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Financials

Monthly Costs
Market Rent (3 bed)

$1,660

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$672,900
Price/sqft
$467
Layout
3 bd•2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$530,417

26.9%

Your price is 26.9% above average

Median Price

$500,000

34.6%

Based on 6 recent sales

Price per Sq.Ft

$419

11.5%

Your price is 11.5% above average $/sqft

Comparable Properties

11990 MARKET ST #903, RESTON, VA 20190
Price: $759,000
Sq.Ft: 1,426
Beds/Baths: 2/2
$/Sq.Ft:
$53213.9%
Sale Date: 1/23/2025
1860 STRATFORD PARK PL #308, RESTON, VA 20190
Price: $560,000
Sq.Ft: 1,249
Beds/Baths: 2/2
$/Sq.Ft:
$4484.1%
Sale Date: 2/4/2025
2058 ROYAL FERN CT #11C, RESTON, VA 20191
Price: $402,000
Sq.Ft: 1,313
Beds/Baths: 3/2
$/Sq.Ft:
$30634.5%
Sale Date: 1/15/2025
1851 STRATFORD PARK PL #306, RESTON, VA 20190
Price: $475,000
Sq.Ft: 1,196
Beds/Baths: 2/2
$/Sq.Ft:
$39715.0%
Sale Date: 1/27/2025
2266 COPPERSMITH SQ, RESTON, VA 20191
Price: $486,500
Sq.Ft: 1,197
Beds/Baths: 3/2
$/Sq.Ft:
$40613.0%
Sale Date: 1/3/2025
11800 SUNSET HILLS RD #707, RESTON, VA 20190
Price: $500,000
Sq.Ft: 1,177
Beds/Baths: 2/2
$/Sq.Ft:
$4259.1%
Sale Date: 1/6/2025

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