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2877 S Buchanan St APT A2, Arlington, VA, 22206

1beds
2baths
1,528sqft
$524,900
$344price/sqft
$3,356/moest. monthly cost
$134,240/yrincome needed

About This Home

Beautiful 1-bedroom, 2-bathroom Hermitage model home nestled in sought-after Fairlington Villages! Boasting just over 1,500 square feet across two living levels, this spacious residence combines timeless charm with modern updates throughout. The bright & inviting upper level features original hardwood flooring throughout the spacious living room, dining area, hallway, & bedroom. The dining area is accented by a stylish oversized pendant light & French door access to the covered balcony & private paver patio - the perfect spot to enjoy your morning coffee or unwind at the end of the day. The renovated kitchen offers both style & functionality with oversized gray tile flooring, white soft-close cabinetry with modern black hardware, custom pull-out shelving, under-cabinet lighting, quartz countertops, stainless steel appliances, & a classic white subway tile backsplash with decorative accent tile behind the stove/range hood. Down the hall, you'll find a convenient closet complete with Elfa shelving for exceptional organization. The spacious bedroom features a modern white ceiling fan, charming wooden shutters, & a large two-door closet with additional Elfa shelving. The beautifully renovated upper-level bathroom showcases basketweave tile flooring, an updated vanity, & a white subway tile shower with a built-in bench, hexagon tile flooring, niche shelving, rainfall showerhead, & a large window that fills the space with natural light. The finished lower level expands the home's living space with updated LVP flooring throughout the spacious recreation room, complete with a closet, built-in bookcase, & separate entrance to the building hallway. The bonus room offers built-in cabinetry, shelving, & desk space - ideal for a home office, hobby room, & additional storage. The renovated full bathroom features basketweave tile flooring, an updated vanity, & a sliding glass door shower with a white subway tile surround, black hexagon tile flooring, & niche shelving. A separate utility/laundry room provides additional storage along with a full-sized washer & dryer. Home comes with two reserved/unassigned parking spaces. Fairlington Villages residents enjoy six pools, lighted tennis courts, tot lots/playgrounds, walking paths, and MORE! Ideally located near I-395 and the shops & restaurants at The Village at Shirlington, West Alex, Baileys Crossroads, Del Ray, & Old Town.

Getting Around

64
WalkingSomewhat Walkable
60
TransitGood Transit
71
BikeVery Bikeable

Schools

3/10
7/10
Gunston Middle SchoolGrades 6-81.8 mi
4/10
Wakefield High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1944

Materials

  • Construction materials: Brick

Other

  • Builder model: Hermitage

Type & Style

  • Home type: Condo
  • Architectural style: Colonial
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Dryer In Unit,Lower Level,Washer In Unit,In Unit

Basement

  • Area: 689

Basement

  • Has basement: Yes
  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Finished area below ground: 689
  • Finished area above ground: 839

Heating & Cooling

  • Heating features: Central,Heat Pump,Electric
  • Cooling features: Central Air,Heat Pump,Electric

Interior Area

  • Total structure area: 1,528
  • Total interior livable area: 1,528 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 29008303
  • Attached to another structure: Yes
  • Zoning: RA14-26
  • Special condition: Standard
  • Other equipment: Intercom

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Community

Parking

  • Total spaces: 2
  • Parking features: Unassigned,On Street,Parking Lot
  • 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

  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Winter Weather

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

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

MonthlyAnnual
Mortgage $2,654$31,848
Home Insurance *$48$576
Property Taxes $452$5,424
Electricity $202$2,433
Total$3,356$40,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,062/yr
40% on housing$100,680/yr
45% on housing$89,493/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

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.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$344This listing

vs Other Active Listings

Avg $/sqft

ZIP 22206$279
Arlington County$373

vs Homes Sold Last Month

Median $/sqft

ZIP 22206$468
Arlington County$477

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)

No zestimate history available

Price History

DateEventPrice
2026-08-06Pending sale$524,900
2026-07-30Price change$524,900
2026-07-09Listed for sale$549,900
2015-01-01Sold$385,000
2014-10-09Listing removed$1,900
2014-09-20Price change$1,900
2014-09-09Price change$1,950
2014-08-02Listed for rent$2,100
2006-12-18Sold$385,000
2002-09-06Sold$235,000

For Sale by Agent

AgentKay Houghton
BrokerageEXP Realty, LLC

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