If you need about 1,132 sqft in 22304 in the City of Alexandria, 5340 Holmes Run Pkwy #615 has an advertised price of $315,000.
FULLY RENOVATED two bedroom, two bathroom end-unit condo in the heart of Alexandria. Luxury touches throughout including stainless steel appliances, quartz countertops, soft close cabinets, new bathrooms, high-capacity washer & dryer, new … [Read more]
2 beds, 2 full baths
Home size: 1,132 sqft
Added: 03/22/21, Last Updated: 03/22/2021
Property Type: Condo for Sale
MLS Number: VAAX257460
Subdivision: Pavilion On the Park
List Price: 315000.00
5340 Holmes Run Pkwy #615 Alexandria VA 22304 is in Pavilion On the Park and the 22304 Zip code and is currently on the market for $315,000. This property has 1,132 sqft of above grade living area.
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What is a condo?
A condominium is real estate with certain specific properties. Although there are various types of condominiums, the most common legal arrangements involve individual ownership of each unit, with joint ownership of the communal or common areas by all of the residents in the building. Condominium developments can be commercial or residential.
In the case of residential property, a condo can be composed of one or more a high-rise buildings, garden-style buildings, townhouses and—in special cases–even consist of detached houses. While some condominiums are located in large multi-unit buildings, others may be detached form each other and be located in a gated or planned community. Some condominiums may be located in resort or vacation destinations.
Most usually, a condominium is a housing unit or apartment in a multi-unit building in which each unit is individually owned, with common areas and the property in general jointly owned by the residents and the owners of the building, or all of the residents together. So the structures that make up a condominium complex are divided into living units, which are each owned by individuals. Jointly, these unit owners all have an interest in the rights and duties of the common areas, such as the parking lot, lobby, roof, etc.