5816-P Royal Ridge Dr, Springfield, VA 22152
Deal Snapshot
- ARV: $330,000
- Beds/Baths: 2 beds / 1 bath
- SQFT: 798 above grade
- Year Built: 1975
- Style: Condo-apartment / garden-style building
- Complex: Tivoli Bldg 7
- Taxable Assessment: $267,270
- Annual Taxes: $2,943
- Condo Fee: $360/month
- Fee Includes: Management, pool, road maintenance, snow removal, trash, water
- Amenities: Basketball courts, community center, party room, outdoor pool, tennis courts
- County: Fairfax, VA
Why This Deal Works
- Springfield location in a solid condo pocket
- 2/1 layout with a clean, straightforward footprint
- Strong natural light and open feel in the main living areas
- Good tree-lined setting and community amenities
- Pending comp at $330K in the same complex
- Straight cosmetic update play
Property Overview
5816-P Royal Ridge Dr is a 2-bedroom condo in Fairfax with a practical layout, good window lines, and a bright main living area. The unit shows well from a layout standpoint and has strong location appeal for an end buyer looking for Springfield at an accessible price point.
The unit gets good light, has a private feel off the windows, and sits in a community with strong amenity support.
Exit Strategy
- Flip: Best fit
- Buy and Hold: Good Fit
ARV = $330k
- 5812 Royal Ridge Dr #C = $330k (Pending)
- 5814 Royal Ridge Dr #Q = $302k – Neat but not renovated
Terms / Next Steps
- Access by appointment
- $10k EMD required
- Sold as-is
- First Class Title