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1706 Olney Rd, Falls Church, VA, 22043

0beds
0baths
4,266sqft
$1,200,000
$281price/sqft
$7,794/moest. monthly cost
$311,760/yrincome needed

About This Home

Custom design awaiting a builder or DIY investor to finish this 6600sf project on a fenced 0.46 acre lot. Sweeping stone steps to entrance. Open plan has kitchen, dining and great room/living room on main level. Full basement with bathroom, fireplace, English entrance. Master suite with cathedral ceiling and two bedrooms with ensuite bathrooms on second level. Office, bathroom, and large workspace with side entrance over two-car garage and workroom. Three masonry chimneys service 6 fireplaces, including fireplace in kitchen. 2x6 and 2x8 framing. Custom in-swing insulated windows. Electrical, plumbing and mechanical permits pulled. Plans included phase 2 addition of second 800sf primary suite on south side.

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

7/10
9/10
Kilmer Middle SchoolGrades 7-81.9 mi
6/10
Marshall High SchoolGrades 9-121.3 mi

Construction

Condition

  • New construction: Yes

Materials

  • Foundation: Other
  • Construction materials: Stick Built

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Unfinished

Features

  • Number of fireplaces: 6
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 4,266

Heating & Cooling

  • Heating features: None,Electric
  • Cooling features: None,Electric

Interior Area

  • Total structure area: 4,266
  • Total interior livable area: 4,266 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0303 06 0008
  • Zoning: 130
  • Special condition: Standard

Features

  • Levels: Three
  • Stories: 3
  • Pool features: None

Lot

  • Lot size: 0.46 Acres

Parking

  • Parking features: None

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
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Lightning
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 $6,067$72,804
Home Insurance *$158$1,896
Property Taxes $1,159$13,908
Electricity $410$4,930
Total$7,794$93,528
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$267,222/yr
40% on housing$233,820/yr
45% on housing$207,840/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: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$281This listing

vs Other Active Listings

Avg $/sqft

ZIP 22043$536
Fairfax County$329

vs Homes Sold Last Month

Median $/sqft

ZIP 22043$381
Fairfax County$355

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

DateEventPrice
2026-07-30Listed for sale$1,200,000
2014-07-29Sold$535,000
2014-07-02Listed for sale$535,000
2008-05-20Sold$525,000
2007-05-17Sold$493,870

New Construction

AgentAlex Burrell-Hodges
BrokerageCottage Street Realty LLC

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