RESTON, VA 20191

RARE RESTON MID CENTURY MODERN HOME | SAME-STREET SALES TO 1.398M | NEXT-DOOR 1.157M COMP (NOT IN MLS)

Sold Sight Unseen-No Access until we have a ratified contract with the buyer

PROPERTY OVERVIEW

• Rare Mid-Century Modern Home Designed by Renowned Architect Ken Bonner and Located in Reston.
• Part of a Scarce Collection of Approximately 65 Ken Bonner Contemporary Homes in Reston, Known for Distinctive Architecture, Solid Construction, Dramatic Interior Spaces, and Indoor / Outdoor Living.
• Currently Configured with 4 Bedrooms and 2.5 Bathrooms.
• Approximately 1,682 SF Above Grade Plus Approximately 1,682 SF Below Grade, Providing More Than 3,300 Total SF.
• Attached 2-Car Garage.
• Unique Architectural Property with Strong Potential for a High-End Renovation and Retail Resale.

COMPARABLE SALES AND ARV SUPPORT

• Exceptional Next-Door ARV Comp: 2105 Lirio Ct is Another Ken Bonner Contemporary with an Extremely Similar Size and Footprint.
• Comparable Property Offers Approximately 1,702 SF Above Grade Plus 1,650 Finished SF Below Grade, Providing 3,352 Total Finished SF.
• 2105 Lirio Ct SOLD FOR 1,157,000 IN MAY 2026, Providing an Outstanding Benchmark for the Subject's 1.15 Million Renovated Target.
• Additional Same-Street Architectural Comp: 2111 Lirio Ct is Another Ken Bonner-Designed Mid-Century Modern Home That SOLD FOR APPROXIMATELY 1,398,000 IN MARCH 2026.
• The 2111 Lirio Property Represents a Superior and More Upgraded Product but Demonstrates the Premium Buyers Are Willing to Pay for These Rare Architectural Homes on Lirio Court.
• Strong Same-Street and Next-Door Comparable Sales Support the Subject's Estimated Renovated ARV of 1.15 Million.

VALUE-ADD AND RENOVATION STRATEGY

• Follow the Successful Lower-Level Reconfiguration Used at Next-Door 2105 Lirio Ct.
• Comparable Renovation Created Two Additional Lower-Level Bedrooms and a Full Bathroom While Relocating the Laundry Area to the Main Level.
• Investor Can Explore a Similar Layout to Potentially Deliver a 5 Bedroom / 3 Full Bathroom Finished Product.
• Reconfiguration Offers an Opportunity to Increase Functional Living Space and Bedroom / Bathroom Count While Preserving the Home's Original Mid-Century Modern Character.
• Renovation Should Enhance Rather Than Remove the Property's Distinctive Architectural Features.

PROPERTY LAYOUT AND FEATURES

• Main Level Features Foyer Entrance, Large Eat-In Kitchen, and Side Exit Connecting to the Wrap-Around Deck.
• Spacious Rear Great Room with Vaulted Ceilings, Exposed Wood Beams, Stone Fireplace, and Sliding Door Access to the Large Elevated Deck.
• Primary Bedroom Features Two Closets and Full En-Suite Bathroom.
• Two Additional Main-Level Bedrooms and Full Hall Bathroom.
• Lower Level Features Family / Recreation Room with Fireplace and Sliding Door Walk-Out to the Rear Patio.
• Existing Fourth Bedroom, Half Bathroom, Laundry Room, and Utility Area.
• Excellent Opportunity to Reconfigure the Lower Level for Additional Bedrooms and Full Bathroom.

ARCHITECTURAL CHARACTER AND RENOVATION CONSIDERATIONS

• Signature Mid-Century Modern Features Include Vaulted Ceilings, Exposed Wood Beams, Stone Fireplaces, Expansive Glass, Wrap-Around Deck, and Wooded Setting.
• Attached 2-Car Garage.
• These Distinctive Architectural Elements Are a Major Part of the Property's Resale Appeal and Should Be Preserved and Enhanced During Renovation.
• Maintain the Original Architectural Character While Introducing Modern Finishes and Functional Improvements.

MAJOR SYSTEMS AND RENOVATION BUDGET

• Estimated Renovation Budget of 110K to 120K.
• Investor Should Account for the Older Roof, HVAC System, and Windows.
• Existing Underground Oil Tank Requires Evaluation and Proper Abandonment or Removal as Necessary.
• Natural Gas Is Present at the Next-Door Comparable Property, Making a Potential Heating-System Conversion Worth Investigating.
• Renovation Budget Should Account for Potential Major System Replacements and Underground Oil Tank Requirements.

LOCATION AND COMMUNITY AMENITIES

• Located in the Established Reston Community, Known for Mature Wooded Neighborhoods, Lakes, and Extensive Recreation Amenities.
• Reston Association Provides Access to Pools, Tennis and Pickleball Courts, Parks, and Miles of Walking and Biking Trails.
• Convenient Access to Reston Town Center, Silver Line Metro, Dulles International Airport, and Major Northern Virginia Employment Centers.
• Reston Association Assessment Approximately 890 for 2026, with 900 Approved for 2027.

INVESTMENT SUMMARY

• Purchase Price: 775K
• Estimated Renovation: 110K to 120K
• Total Purchase and Renovation Basis: 885K to 895K
• After-Repair Value: 1,150,000
• Potential Gross Spread: Approximately 255K to 265K Before Closing Costs, Financing, Holding Costs, and Resale Expenses.
• Closing Date: Friday, December 18, 2026.
• Final and Best Offer Deadline: Thursday, November 12, 2026 at 9:00 AM.

OFFER REQUIREMENTS

• Submit Final and Best Offer Through the MarketPro Website Before the Stated Deadline.
• Proof of Funds and LLC Documents Must Be Uploaded for Offer Consideration.
• Buyers Must Conduct Their Own Due Diligence.
• Repair Costs and Property Values Provided by MarketPro Are Estimates Only.

CONTACT INFORMATION

• Contact: Nikki Cornblatt
• Call or Text: (484) 310-8993

IMPORTANT TRANSACTION AND ASSIGNMENT TERMS

• Seller of Equitable Interest Only. Property Is Not Owned by the Assignor.
• This Is a Contract for Sale of Equitable Interest.
• All Properties Are Currently Under Contract to MarketPro Homebuyers.
• Any Transaction Consummated Will Be Pursuant to an Assignment of MarketPro's Contract.
• Property Information Is Proprietary to MarketPro South, Inc. and Its Affiliates.
• Buyers Are Responsible for Property Cleanout and All Closing Costs.
• Seller Contact Is Strictly Prohibited Without Express Written Consent from MarketPro.
• Unauthorized Seller Contact May Be Considered Intentional Interference with a Contract and May Result in Legal Action.
• MarketPro Does Not Collaborate with Other Wholesalers.

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