505 S Highland St, Arlington, VA, 22204
About This Home
Back on the market for the first time in 30 years! Don't miss this beautifully maintained 1940 bungalow, ideally situated on a quiet street in Arlington Heights. Freshly painted inside and out, this move-in-ready home combines timeless charm with modern comfort. Whether you're a young professional buying your first home or someone looking to right-size without sacrificing space or convenience, this property is an exceptional opportunity. The bright and inviting living spaces are filled with natural light, creating a warm and welcoming atmosphere from the moment you walk in. Two comfortable bedrooms on the main level offer easy everyday living, while the second-floor loft and spacious basement provide endless possibilities for a home office, guest suite, in-law suite, recreation room, or future expansion. Step outside to enjoy the large, fenced backyard and private patio—perfect for entertaining, relaxing with family and friends, letting pets roam, or enjoying peaceful al fresco dining. Conveniently located just minutes from restaurants, shops, parks, and public transportation, this home offers the best of suburban living with an easy commute. This is a rare opportunity to own a charming home in a desirable neighborhood. Schedule your showing today before it's gone!
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 1939
Materials
- Foundation: Slab
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Dishwasher,Disposal,Dryer,Oven/Range - Gas,Refrigerator,Washer,Gas Water Heater
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Connecting Stairway,Partial,Finished,Heated,Exterior Entry,Rear Entrance,Sump Pump,Drainage System
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Flooring: Hardwood,Laminate
- Finished area below ground: 700
- Finished area above ground: 1,020
Heating & Cooling
- Heating features: Hot Water,Natural Gas
- Cooling features: Attic Fan,Ceiling Fan(s),Wall Unit(s),Window Unit(s),Electric
Interior Area
- Total structure area: 1,720
- Total interior livable area: 1,720 sqft
Other
- Level: Upper
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 24022003
- Zoning: R-6
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Lot size: 4,125 sqft
Parking
- Parking features: Driveway,On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,171 | $50,052 |
| Home Insurance * | $121 | $1,452 |
| Property Taxes | $711 | $8,532 |
| Electricity | $202 | $2,433 |
| Total | $5,205 | $62,460 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-06 | Listed for sale | $825,000 |
| 2026-04-21 | Listing removed | $1,700 |
| 2026-04-05 | Listed for rent | $1,700 |
| 2021-10-24 | Listing removed | -- |
| 2021-10-09 | Price change | $2,500 |
| 2021-09-06 | Listed for rent | $2,700 |
| 2021-03-10 | Listing removed | -- |
| 2018-09-25 | Listing removed | $2,400 |
| 2018-09-06 | Listed for rent | $2,400 |
| 1989-05-25 | Sold | $165,000 |
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