Sold

12701 Lotte Drive Unit 301, Woodbridge, VA 22192

Bed
1
Bath
1
Sqft
707
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byRE/MAX Galaxy
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Overview

🔥PRICE LEADER IN WOODBRIDGE –About $20k BELOW THE NEAREST COMP! 🔥

Welcome to 12701 Lotte Dr, Unit 301! This is the lowest-priced 1-bedroom condo in the area, priced specifically for an investor or a savvy buyer looking to build immediate sweat equity.
Top floor gem is available at $165,000** for a fast, "as-is" settlement.

THE OPPORTUNITY:
This 3rd-floor corner unit features 707 sq ft of living space open floor and a private balcony with open views. The condition is solid but dated—primarily requiring cosmetic updates including new flooring, fresh paint, and a refresh of the kitchen and bathroom. This is a "base-hit" project with an estimated After Repair Value (ARV) of $200k+.

THE INVESTOR "GOLDMINE":
Stop worrying about rising utility costs! The monthly condo fee covers ALL UTILITIES (Electricity, Gas, and Water). For a landlord, this ensures predictable monthly expenses and exceptional cash-on-cash returns. Solid & Strong Rent comps are as high as $1750 a month.

KEY FEATURES:

Privacy: Top-floor location (3rd level) means no neighbors walking above you.

Outdoor Living: Private balcony for morning coffee or evening air.

Convenience: Reserved parking and on-site laundry facilities.

Location: Prime Woodbridge location—quick access to I-95, Route 1, Occoquan Historic District water front , shopping, and dining.

TERMS & CONDITION:
Selling 100% AS-IS. While the unit is ready for your cosmetic touch, the high-ticket items are already handled: the A/C system is only 2 years old, and the appliances (including dishwasher) are in excellent working condition. With a successful history as a long-term rental, this property is a proven performer. Perfect for a buyer looking for a low-risk project with high-reward potential!

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of bedrooms
1
Number of bathrooms
1
Square feet
707
Year built
1968

Exterior features

Pool
Yes

Utilities

Heating
Electric, Forced air
Cooling
Central air, Electric
Sewer
Public sewer
Water
Public

Estimated monthly costs

HOA Fees
$601

Taxes

Tax Annual Amount (2025)
$1,881

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: VAPW2113830 Last checked: …

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