500 GREAT FALLS STREET, FALLS CHURCH, VA 22046

$995,900

RARE FIND ... FLAT .4 acre lot in the heart of Falls Church City listed UNDER assessed value. The possibilities are endless! Terrific investor/builder find. Located in one of the most desirable neighborhoods in Falls Church-just 1 mile from 2 Orange Line Metro stops, 1 mile from West End Plaza… Read More and 1 block from the WOD, this location is 10/10. This home presents the perfect opportunity for the next home owner to make it their own by bringing its charming characteristics to life or unfolding those blueprints to see a new chapter come to life. New construction homes that have already proven the upside: fresh builds here are commanding around $2.2 million. The exterior of this rambler features a classic, brick front surrounded by mature azaleas and towering hardwoods. The existing three2011;bedroom layout is perfectly livable - a sizable light filled kitchen overlooks the peaceful yard with foliage changing as quickly as the seasons. A beautiful brick fireplace anchors the home with built ins that beg you to put a vinyl on the record player all while bringing a mid century modern vibe. The 3 bedrooms all retain their original parquet floors with several having 2 windows to lighten up the room. Two baths keep the home functional while you dream of spa2011;level replacements. With all the benefits this property possesses, a 2 car garage makes buying this property an easy decision. The level rear lawn offers plenty of room for a pool, an addition or an entirely new footprint that could grow to 5,000 square feet without breaking a sweat. Every construction crew will appreciate the flat terrain. Neighborhood coffee shops, and farmers markets create the kind of community feel that keeps values resilient through every market cycle. Summer block parties, kids walking to Lincoln Park, and neighbors who actually know your name are what dollars cannot buy. Whether you envision a ground2011;up modern farmhouse, a top2011;level pop2011;up with luxury finishes, or a smart cosmetic flip that lands comfortably in the low2011;$1 million range, the math works in your favor and the demand is already here. The whisper of Metro rails in the distance means Downtown D.C. is never far away - yet peace and privacy rule the day. Bring your architect, your contractor, or simply your imagination, and turn this solid brick shell into the next headline sale in Oak Haven. Opportunities with this much upside rarely hit the open market, so stake your claim now and watch your vision - and equity - grow. Read Less

Courtesy of Stacy Cheshire, Keller Williams Capital Properties [email protected]

Listing Snapshot

Days Online

Last Updated

Jul 30, 2025

Property Type

Single Family Residential

Beds

Full Baths

Partial Baths

Square Ft.

1,443

Lot Size

0.4 Acres

Year Built

1948

MLS Number

VAFA2003118

30 Days Snapshot Of 22046

$1.15M

-4%

(avg) sold price

-18%

homes sold

(avg) days on market

Snapshot

Area Map

Additional Details

Building

1,443 sqft living area, 1,443 sqft above grade (finished), 721 sqft above grade (unfinished), Built in 1948, Structure Type: Detached, 1 levels, Colonial, Brick

Cooling

Central Air, Electric, Central A/C

Fireplaces

1 fireplace

Floors

Hardwood, Carpet, Tile/Brick

Foundation

Block, Slab

Garage

2 garage spaces

Heating

Natural Gas, Central

Lot

17,298 sqft, 0.4 acres

Property

Other Structures: Above Grade, Below Grade

Roof

Composite

Sewer

Public Sewer

Taxes

City/Town Tax: $12,687, City/Town Tax Pymnt Freq: Annually, County Tax Pymnt Freq: Annually, Tax Annual Amount: $12,687, Tax Year: 2022

Utilities

Hot Water: Natural Gas, Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

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