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515 S Fairfax St, Alexandria, VA, 22314

3beds
3baths
2,451sqft
$1,895,000
$773price/sqft
$11,915/moest. monthly cost
$476,600/yrincome needed

About This Home

Tucked into the SE quadrant of Old Town, this stunning home has been carefully restored and expanded with a thoughtful, cohesive approach, preserving its history while capitalizing on flow and livability. The result is a mix of original character and thoughtful, high-quality updates, rounded out with professional interior design by Liz Mearns. The front living room, dating to 1797, sets the tone with original floors, a wood-burning fireplace, and elevated by tailored details like a custom sisal rug, picture rail art hanging system, and modern lighting. Just beyond, the dining room, added in the early 1800s, continues the story with its own fireplace, built-in storage, and the kind of scale that works equally well for everyday dinners or larger gatherings. From there, the house opens up completely with a 2020 addition. The kitchen is well-executed with inset Mouser cabinetry, soapstone counters, a Wolf range, and Bosch dishwasher. A butler’s pantry and wet bar add storage and function, including a beverage refrigerator, open shelving, and glass-front cabinetry. The reclaimed wood threshold is a subtle detail, but one that ties the old and new together. The kitchen flows directly into the spacious family room with gas fireplace and tongue and groove ceiling, creating a fabulous living space. Tucked between the old and new sections of the home, the connecting hall includes a powder room with exposed brick, plus a broom closet and built-in shelving. Upstairs, there are three bedrooms plus a separate library, which is a space that can flex depending on your needs. The primary suite is set apart and private, with good closet space, a well-finished bath with double sinks, marble counters and a soaking tub, and a terrace with retractable awning. The additional two bedrooms sit within the original portion of the home, each set on a different level. The renovated hall bath and a thoughtfully designed laundry room round out this space. The lower level is perfect for a home gym or den, and offers terrific storage space. Behind the scenes, the improvements continue. New plumbing, electrical, and sewer lines, radiant heated floors through both levels of the addition, and high quality Vermont Green Mountain windows were installed during the renovation. Outside, the rear garden has been designed as an extension of the living space, with hardscaping, layered plantings, and a covered porch that makes it usable well beyond just a few months of the year. There’s also a rear gate to the alley with bike shed, which adds a level of convenience that’s easy to overlook but hard to live without once you have it. The location puts you just a few blocks from the river and the Mount Vernon Trail, and within easy reach of King Street’s restaurants, shops, farmer’s market, and metro station. It’s a part of Old Town that feels quieter and more residential, while still being fully connected to everything nearby. This is a house with real history, and where every update is deliberate. The overall result is a home that checks all the boxes without losing what made it special in the first place.

Getting Around

90
WalkingWalker's Paradise
50
TransitGood Transit
84
BikeVery Bikeable

Schools

6/10
Lyles-Crouch ElementaryGrades PK-50.2 mi
4/10
4/10

Construction

Condition

  • Property condition: Very Good
  • Year built: 1797

Materials

  • Foundation: Crawl Space,Slab,Stone
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: Townhouse
  • Architectural style: Colonial,Federal,Transitional
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Ice Maker,Range Hood,Refrigerator,Cooktop,Washer,Gas Water Heater
  • Laundry features: Has Laundry,Hookup,Upper Level,Washer In Unit,Dryer In Unit,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Partially Finished

Bedroom2

  • Level: Upper

Bedroom3

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Bar,Soaking Tub,Bathroom - Walk-In Shower,Built-in Features,Butlers Pantry,Chair Railings,Combination Kitchen/Living,Crown Molding,Dining Area,Family Room Off Kitchen,Formal/Separate Dining Room,Kitchen - Gourmet,Primary Bath(s),Recessed Lighting,Upgraded Countertops
  • Window features: Window Treatments
  • Flooring: Hardwood,Wood
  • Number of fireplaces: 5
  • Fireplace features: Wood Burning,Mantel(s),Gas/Propane
  • Fireplace: Yes
  • Finished area below ground: 247
  • Finished area above ground: 2,204

Half Bath

  • Level: Main

Heating & Cooling

  • Heating features: Radiant,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 2,770
  • Total interior livable area: 2,451 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Upper

Living Room

  • Level: Main

Office

  • Level: Upper

Other

  • Level: Upper

Primary Bathroom

  • Level: Upper

Primary Bedroom

  • Level: Upper

Recreation Room

  • Level: Lower

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 12452000
  • Zoning: RM
  • Special condition: Standard

Features

  • Levels: Four
  • Stories: 4
  • Pool features: None
  • Patio & porch: Brick,Enclosed,Patio
  • Exterior features: Extensive Hardscape,Balcony
  • Fencing: Full

Lot

  • Lot size: 1,566 sqft

Parking

  • Parking features: 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

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
Winter Weather
Tsunami

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 $9,582$114,984
Home Insurance *$301$3,612
Property Taxes $1,796$21,552
Electricity $236$2,832
Total$11,915$142,980
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$408,514/yr
40% on housing$357,450/yr
45% on housing$317,733/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: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$773This listing

vs Other Active Listings

Avg $/sqft

ZIP 22314$448
Alexandria City$344

vs Homes Sold Last Month

Median $/sqft

ZIP 22314$453
Alexandria City$475

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
2026-05-07Pending sale$1,895,000
2026-05-05Listed for sale$1,895,000
2024-10-08Sold$1,795,000
2024-09-15Contingent$1,795,000
2024-09-06Listed for sale$1,795,000
2011-07-18Sold$687,000
2005-08-05Sold$750,000

For Sale by Agent

AgentLaura Sacher
BrokerageCompass

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