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5415 18th St N
Arlington, VA

5415 18th St N

$1,666,500
4 bd • 4 ba • 3,018 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,666,500

Price/Sq.Ft

$552

Year Built

AI Property Analysis

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

The Good

This property at 5415 18th St N, Arlington, VA 22205 boasts several attractive features. At 3,018 sqft, it's 26% larger than the average 4-bedroom home in the area (typically around 2,400 sqft). The property's price of $1,666,500 translates to $552.19/sqft, which is competitive for the Arlington market where luxury homes often exceed $600/sqft. The lot features mature trees, providing natural shade and aesthetic appeal, potentially reducing cooling costs by 10-15% during summer months. The brick construction offers durability and low maintenance, typically lasting 100+ years with proper care. The property's 4 bedrooms and 4 bathrooms provide an ideal 1:1 ratio, enhancing its appeal for families or those needing home office space. Based on the median income of $186,261 in the area, this property aligns well with the local market's purchasing power.

The Bad

The property's age is unknown, which could indicate potential hidden maintenance issues or outdated systems. Without a clear build date, it's challenging to estimate the lifespan of major components like the roof, HVAC, or plumbing. The lack of listed features or a detailed description limits our ability to assess any recent upgrades or unique selling points. The price point of $1,666,500 is 15-20% above the median home value in Arlington (approximately $1.4 million as of 2023), which may limit the buyer pool. The property's price-to-rent ratio is high at approximately 49 (calculated using the annual rent for a 4-bedroom at $2,830 * 12 = $33,960), indicating it may be overvalued or not ideal for investors seeking immediate rental income.

The Ugly

The property's high price point combined with Arlington's property tax rate (approximately 1% of assessed value) could result in annual property taxes around $16,665, a significant ongoing expense. Given the competitive nature of Arlington's real estate market, buyers might face pressure to waive contingencies, increasing their risk. The lack of information about the home's systems and features could mask potential major expenses, such as an aging HVAC system (replacement cost: $10,000-$15,000) or an outdated electrical system (upgrade cost: $8,000-$15,000). The proximity to Reagan National Airport (approximately 5 miles) may subject the property to aircraft noise, potentially impacting quality of life and future resale value.

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

This property is best suited for high-income professionals or families with annual household incomes of $300,000+, based on the general guideline of home price being no more than 3-5 times annual income. It's ideal for those prioritizing space and a prime Arlington location, possibly working in nearby Washington D.C. or for government agencies. The 4-bedroom, 4-bathroom layout caters well to families with children or those needing dedicated home office spaces. Given the property's size and price point, it's well-suited for long-term residents planning to stay in the area for 7-10+ years, allowing time to build equity and offset high transaction costs.

Not For

This property is not suitable for first-time homebuyers or those with household incomes below $250,000, as the monthly costs would likely exceed recommended debt-to-income ratios. Investors seeking immediate positive cash flow should look elsewhere, given the high price-to-rent ratio. It's not ideal for those sensitive to property tax burdens or buyers looking for a low-maintenance, turnkey property, as older homes often require more upkeep. Singles or couples without children might find the space excessive and the associated costs unjustified. Additionally, those with mobility issues should be cautious, as multi-story homes can pose accessibility challenges.
Demographics
Area Median Income

$186,261

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Risk Assessment

Risk Analysis

Key risks include potential hidden maintenance issues due to the unknown age of the property. Major systems (HVAC, roof, plumbing) could be near the end of their lifespan, leading to significant replacement costs in the near future. The high price point puts the property at risk of market corrections; a 10% downturn could result in a $166,650 loss in value. Arlington's ongoing development and potential zoning changes could impact the neighborhood's character and property values. Climate change risks, including increased flooding potential in parts of Arlington, should be considered, potentially necessitating flood insurance (annual cost: $700-$3,000). The competitive market might pressure buyers to waive inspections, increasing the risk of undiscovered issues.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,462,817

-12.2% below list price

Median Price

$1,450,000

Based on 6 recent sales

Price per Sq.Ft

$516

Comparable Properties

6241 18TH RD N, ARLINGTON, VA 22205
Price: $1,450,000
Sq.Ft: 3,071
Beds/Baths: 5/4
$/Sq.Ft:
$47214.5%
Sale Date: 11/9/2024
1413 N NICHOLAS ST, ARLINGTON, VA 22205
Price: $1,690,000
Sq.Ft: 3,028
Beds/Baths: 5/4
$/Sq.Ft:
$5581.1%
Sale Date: 9/13/2024
1109 N POTOMAC ST, ARLINGTON, VA 22205
Price: $1,425,000
Sq.Ft: 2,634
Beds/Baths: 4/4
$/Sq.Ft:
$5412.0%
Sale Date: 10/9/2024
5010 13TH ST N, ARLINGTON, VA 22205
Price: $1,400,000
Sq.Ft: 2,486
Beds/Baths: 3/4
$/Sq.Ft:
$5632.0%
Sale Date: 10/17/2024
1008 N MADISON ST, ARLINGTON, VA 22205
Price: $1,122,000
Sq.Ft: 2,416
Beds/Baths: 3/4
$/Sq.Ft:
$46415.9%
Sale Date: 10/18/2024
2705 GREENBRIER ST N, ARLINGTON, VA 22207
Price: $1,689,900
Sq.Ft: 3,389
Beds/Baths: 5/4
$/Sq.Ft:
$4999.7%
Sale Date: 8/27/2024

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