2516 Penny Royal Ln in Reston sells for $1.32 million

The $1,325,000 sale price was 54% above the $862,930 market value on record, according to the Fairfax County Department of Tax Administration's records. The single-family home at 2516 Penny Royal Ln in Reston sold on October 9, 2026, the department's sales records show.

An aerial photo shows trees covering much of the lot, with open land around it.

The department's records show 4 bedrooms and 3.5 bathrooms, with 2,786 square feet of living area. They list a build year of 1970 and a 0.54-acre lot. At that size, the price was $476 per square foot.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Fairfax County?

By our estimate, the seller's two largest charges, not counting commission and prorations, were $2,650 for the regional congestion relief fee (Northern Virginia grantor's tax) and $1,325 for the grantor's tax. Who pays what follows Fairfax County custom.

How much did the seller net?

By our estimate, the seller netted about $1,250,975. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $300,900 at closing. That covers the down payment and closing costs.

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