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2877 Burgundy Place

Lake Ridge VA 22192

2
1
1080 sq. ft.
Condo
Currently for sale - view listing

Overview

Fantastic opportunity for investors seeking their next flip or homeowners ready to build instant equity with renovations and personal touches. This 2-bedroom, 1-bathroom, 1,080-square-foot condo is being sold AS-IS and is priced an incredible $45,000 below recent sales of comparable 2-bedroom, 1-bathroom units of the same size within the community—and more than $20,000 below the current assessed value. With plenty of room for updates, this property offers exceptional potential for profit or the chance to create your dream home at a significant discount. Ideally located in the desirable Antietam Woods Condominium community within Lake Ridge, you'll enjoy convenient access to major commuter routes including Old Bridge Road and I-95, as well as nearby shopping, dining, and entertainment at Potomac Mills and surrounding retail centers. The property includes one assigned corner parking space and access to outstanding community amenities, including tennis courts, a tot lot, and an outdoor pool, plus all Lake Ridge community pools and amenities. The HVAC system was replaced in 2019; the age of the water heater and other appliances is unknown. Move quickly on this one -- opportunities like this are rare!

Features

2 bedrooms
1 bathroom
1080 sq. ft. floor area
Condo

Happy sellers in Lake Ridge

92%
92% of sellers in Lake Ridge reported that their sale price either exceeded or met their price expectations.

Lake Ridge stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 23 reviews in Lake Ridge over the last 12 months.

Local market activity for 2 bedroom condos in Lake Ridge

In the last 12 months, 79 two-bedroom condos similar to 2877 Burgundy Place, have been sold.

This represents a 34% decrease in two-bedroom condos sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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