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Sold for $1,050,000
    • $1,050,000

    506 S Payne St, Alexandria, VA 22314

    3beds
    1,775sqft
    Townhouse
    Built in 1940
    2,078 Square Feet Lot
    $1,050,500 Zestimate®
    $592/sqft
    $5,655 Estimated rent

    Home value

    $1,050,500

    $998,000 - $1.10M

    $5,655/mo

    Zestimate® history
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    What's special

    Private outdoor patioExpanded walk-in closetSpacious main bedroomSunlit living spaceGranite countertopsInviting eco-friendly electric fireplaceLed lighting
    Nestled in Old Town Alexandria, 506 S Payne Street is an extraordinary townhome redefining exceptional living. This classic 3-bedroom, 2.5-bathroom townhome built in 1940 has been beautifully transformed to live like brand new, preserving its original structural quality while introducing today’s modern updates for the perfect balance of warmth, style and functionality. Step inside to discover a sunlit living space adorned with LED lighting, large picture window, engineered floors, crown molding and an elegant stacked stone wall with an inviting, eco-friendly electric fireplace. The open-concept kitchen is a culinary haven, featuring granite countertops, stainless steel appliances, accented backsplash and custom stained butcher block island. A half bath plus seamless flow from the kitchen to the living and dining areas and private outdoor patio creates an ideal setting for entertaining—whether it’s an intimate dinner party or casual weekend brunch. Upstairs, you’ll find a spacious main bedroom with an expanded walk-in closet and two additional bedrooms, one includes a washer/dryer hookup for upper level laundry. The renovated bathroom features a timeless finish and thoughtful clerestory window detail, ensuring natural light, convenience and sophistication. The lower level offers a second laundry hookup, storage, full bath, wet bar and versatile recreation space—perfect as a guest room, home office, gym or media room. The outdoor space sets this home apart - you’ll appreciate privacy in the back yard with a six foot, low maintenance pvc fence, plush green grass and a patio that feels like your own urban oasis. Imagine sipping your morning coffee or hosting summer outdoor gatherings. The shed provides storage for yard, hobby and entertaining essentials. Living here means being just steps away from the best of Old Town—King Street boutique shops, award-winning restaurants, scenic waterfront parks and Metro access for easy travel. Commuting is a breeze with an 87 walk score, 80 bike score plus minutes to access Route 1/I495. With its unbeatable location and undeniable charm, 506 S Payne St is more than a home—it’s a lifestyle and it’s waiting for you!

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristie Zimmerman 703-786-6155,

    Compass

    Bought with:

    Wendy Santantonio, SP98378972

    Corcoran McEnearney

    Source: Bright MLS,MLS#: VAAX2055388MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Rooms
    • Room types: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Basement, Laundry, Utility Room, Primary Bathroom, Full Bath, Half Bath
    Primary bedroom
    • Level: Upper
    Bedroom 2
    • Level: Upper
    Bedroom 3
    • Level: Upper
    Primary bathroom
    • Level: Upper
    Basement
    • Level: Lower
    Dining room
    • Level: Main
    Other
    • Level: Lower
    Half bath
    • Level: Main
    Kitchen
    • Level: Main
    Laundry
    • Level: Lower
    Living room
    • Level: Main
    Utility room
    • Level: Lower
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Cooktop, Disposal, Dishwasher, Double Oven, Refrigerator, Stainless Steel Appliance(s), Ice Maker, Water Heater, Microwave, Gas Water Heater
    • Laundry: Lower Level, Laundry Room
    Features
    • Combination Dining/Living, Combination Kitchen/Dining, Family Room Off Kitchen, Open Floorplan, Kitchen - Gourmet, Kitchen Island, Bathroom - Stall Shower, Upgraded Countertops, Crown Molding, Recessed Lighting, Bar
    • Flooring: Hardwood, Wood
    • Windows: Skylight(s)
    • Basement: Finished,Improved,Walk-Out Access,Windows
    • Number of fireplaces: 1
    • Fireplace features: Electric
    Interior area
    • Total structure area: 1,775
    • Total interior livable area: 1,775 sqft
    • Finished area above ground: 1,224
    • Finished area below ground: 551

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Three
    • Stories: 3
    • Patio & porch: Patio
    • Pool features: None
    • Fencing: Full,Vinyl,Privacy
    • Has view: Yes
    • View description: Garden, Street
    Lot
    • Size: 2,078 Square Feet
    • Features: Front Yard, Rear Yard
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 10512000
    • Zoning: RB
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Colonial
    • Property subtype: Townhouse
    Materials
    • Brick, Masonry
    • Foundation: Slab
    • Roof: Other,Flat
    Condition
    • Excellent
    • New construction: No
    • Year built: 1940
    • Major remodel year: 2024

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Cavalier Homes
    HOA
    • Has HOA: No
    Location
    • Region: Alexandria

    Financial & listing details

    • Price per square foot: $592/sqft
    • Tax assessed value: $846,673
    • Annual tax amount: $9,609
    • Date on market: 4/22/2026
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/12/2026Sold$1,050,000$592/sqft
    Source: Bright MLS #VAAX2055388 Report a problem
    4/28/2026Contingent$1,050,000$592/sqft
    Source: Bright MLS #VAAX2055388 Report a problem
    4/22/2026Listed for sale$1,050,000+28.8%$592/sqft
    Source: Bright MLS #VAAX2055388 Report a problem
    2/5/2024Sold$815,000+1.9%$459/sqft
    Source: Bright MLS #VAAX2030406 Report a problem
    1/23/2024Pending sale$800,000$451/sqft
    Source: Bright MLS #VAAX2030406 Report a problem
    1/18/2024Listed for sale$800,000$451/sqft
    Source: Bright MLS #VAAX2030406 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$9,662 +0.5%$851,292 +0.5%
    2025$9,610 +32.3%$846,673 +32.3%
    2024$7,266 +2.3%$640,176
    2023$7,106 $640,176
    2022$7,106 $640,176
    2021-- $640,176 +5.9%
    2020-- $604,425 +9.4%
    2019-- $552,306 +5.5%
    2018-- $523,452 +3%
    2017$5,062 $508,452 +4.8%
    2016$5,062 +0.1%$485,332 +0.1%
    2015$5,056 +1.2%$484,725 +1.2%
    2014$4,995 +13%$478,885 +5.9%
    2013$4,421 +10.2%$452,075 +10.2%
    2012$4,012 +3.9%$410,182 +3.9%
    2011$3,861 -1.5%$394,790 -1.5%
    2010$3,920 +5.5%$400,839 -2.6%
    2009$3,717 +4.6%$411,660 -2.2%
    2008$3,556 +10.6%$420,769 +8.6%
    2007$3,215 -0.2%$387,296 -2%
    2006$3,221 -8.5%$395,200 +20.2%
    2005$3,519 +13.9%$328,900 +13.9%
    2004$3,089 +24.2%$288,700 +24.2%
    2003$2,488 +34.6%$232,500 +34.6%
    2002$1,848 +20.3%$172,700 +20.3%
    2001$1,537 $143,600
    Find assessor info on the county website

    Neighborhood: Southwest Quadrant

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lyles-crouch
    • Middle: George Washington
    • High: Alexandria City
    • District: Alexandria City Public Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,050,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,050,500

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