HERNDON VA / ASHBURTON OAKS | 4BD / 2.5BA COLONIAL | 2-CAR GARAGE | APPROX 2,334 AGSF + 1,300 SQFT WALKOUT BASEMENT | ONLY 795K (NOT IN MLS)
Sold Sight Unseen-No Access until we have a ratified contract with the buyer
Location: Ashburton Oaks, Herndon, Fairfax County, Virginia
Property Type: Three level colonial
Bedrooms and Bathrooms: 4 bedrooms and 2.5 bathrooms
Above Grade Living Area: Approximately 2,334 square feet
Lower Level: Approximately 1,300 square feet unfinished walkout basement
Garage: Attached 2 car garage
Purchase Price: 795,000
Estimated Renovation: 110,000 to 120,000
Estimated ARV: 1,200,000
Closing Date: December 28, 2026
MAIN LEVEL
Traditional colonial floor plan with generous living areas
Home office and half bathroom
Dining area and kitchen
Family room with vaulted ceilings and fireplace
Access to attached 2 car garage
Potential to improve the kitchen, finishes and overall presentation through renovation
UPPER LEVEL
Four bedrooms, including the primary bedroom with en suite bathroom
Three additional bedrooms
Full hall bathroom serving the additional bedrooms
LOWER LEVEL
Approximately 1,300 square feet of unfinished basement space
Walkout exit providing convenient access to the exterior
Potential to finish some or all of the lower level for a recreation room, additional bathroom, office, gym or guest space
Final layout, permitted use and finished square footage subject to design, code requirements and permitting
PROPERTY UPDATES AND CONDITION
Roof replaced approximately 12 years ago
Gas furnace recently replaced
Sliding glass doors replaced
Existing home offers a substantial above grade footprint with additional lower level expansion potential
Renovation strategy includes updating the existing home, adding a deck and finishing the walkout basement as feasible
COMPARABLE SALES AND ARV SUPPORT
Strong Same Floorplan Comparable: 3124 Ashburton Ave sold for 1,150,000 in April 2026. The property had approximately 2,320 square feet above grade and approximately 650 square feet of finished space within its 1,300 square foot lower level, providing approximately 2,970 finished square feet.
Similar Existing Condition: The comparable reportedly had an outdated kitchen and bathrooms, making it a useful reference for evaluating the subject's renovation potential.
Subject Size Comparison: The subject offers approximately 2,334 square feet above grade, nearly identical to the comparable's 2,320 square feet, plus an additional approximately 1,300 square foot unfinished walkout basement.
Value Add Potential: Finishing a portion or all of the subject's lower level could create substantially more usable living space, subject to permitting and applicable requirements.
Price Advantage: The subject's 795,000 asking price is 355,000 below the comparable's 1,150,000 sale price before renovation.
ARV Target: 1,200,000 following renovation and potential lower level finishing.
INVESTMENT STRATEGY
Primary Strategy: Renovate the existing colonial, improve the interior finishes, add a deck and finish the walkout basement to increase functionality and market appeal.
Purchase Price: 795,000
Estimated Renovation Budget: 110,000 to 120,000
Total Purchase and Renovation Basis: 905,000 to 915,000 before closing costs, holding costs, financing, resale expenses and other project costs
Estimated ARV: 1,200,000
Estimated Gross Spread: 285,000 to 295,000 before additional project costs and selling expenses
LOCATION HIGHLIGHTS
Established Ashburton Oaks neighborhood in Fairfax County
Convenient access to Reston, Dulles International Airport and Fairfax County Parkway
Access to Route 28, Dulles Toll Road and Silver Line Metro
Close to shopping, restaurants and major Northern Virginia employment centers
Desirable Herndon location with potential appeal to move up buyers seeking a larger colonial with expanded finished living space
SHOWING AND OFFER REQUIREMENTS
Final and Best Offer Deadline: Monday, November 2, 2026, at 9:00 AM
Closing Date: December 28, 2026
Proof of Funds and LLC documentation must be uploaded for an offer to be considered.
Property access is not available until a contract with a buyer has been ratified. A walkthrough will be organized afterward.
Contact: Craig Eberhardt by call or text at 267-613-4394
Seller of equitable interest only. The property is not owned by the assignor. The transaction involves an assignment of the existing contract.
Buyers must conduct their own due diligence. Renovation costs and property values are estimates only.
Buyers are responsible for property cleanout and all closing costs.
Do not visit the property without authorization or contact the sellers directly. Trespassing is a criminal offense.
Buyers may not remarket the property without consent from MarketPro.
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ARV $1,200,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $1,097,000.