500 Great Falls Street, Falls Church, VA 22046

Property Description

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 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 three‑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 spa‑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 ground‑up modern farmhouse, a top‑level pop‑up with luxury finishes, or a smart cosmetic flip that lands comfortably in the low‑$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.