7201 Olde Lantern Way is a 1,988 square foot house on a 0.72 acre lot with 3 bedrooms and 2 bathrooms. - it last sold on July 29, 1994 for $179,900. Based on Redfin's Springfield data, we estimate the home's value is $702,419.
Single-familyProperty Type
1951Year Built
0.72 acresLot Size
$353Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$702,419
$523K since sold in July 1994$16K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 9.7% lower than the average sale price ($778K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
PDH-3
Planned Development Housing District
The PDH District is established to encourage innovative and creative design in the development of land for residential and other secondary uses. The district regulations are designed to: Insure ample provision and efficient use of open space; Encourage tree preservation and the protection of environmental features on the site; Promote high standards in the layout, design, and construction of residential development; Promote balanced developments of mixed housing types; Encourage the provision of dwellings within the means of families of low and moderate income; and Implement the stated purpose and intent of this Ordinance.
Permitted uses
Include but are not limited to:
Bank
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Office
Public service
Kennel
Veterinary clinic
Sep 25, 2025 • Final
Residential mechanical
Replace a heat pump and an air handler.
HVAC
Jan 29, 2022 • Final
Household appliance
Remove and replace an existing oil boiler with a new unit of the same type.
Gas
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Sq. Ft: 416
Basement Finish: Full
Basement Type: Full Daylight
Bathroom Information
# of Full Baths: 2
Heating & Cooling
Heating Type: Baseboard Hot Water/Steam
Fireplace Information
# of Fireplaces: 2
Has Fireplace
Room Information
# of Rooms: 7
Exterior
Exterior Information
Construction Type: Wood
Exterior Wall: Vinyl
Roof Covering Type: Composition Shingle
Building Type: Single Family
Property Information
Subdivision Name: OLDE OAK RIDGE
Living Sq. Ft: 1,988
Adjusted Gross Sq. Ft: 1,572
Building Sq. Ft: 1,988
# of Stories: 1.5
Stories Type: 1 1/2
Legal Description: OLDE OAK RIDGE LT 57 SEC 1
Lot Information
# of Buildings: 1
Land Sq. Ft: 31,166
Legal Lot Number: 57
Legal Block Number: E
Municipality Name: SPRINGFIELD
Acres: 0.7155
Zoning Code: PDH-3
County Use Description: RESID 1 FAM DETACHED
Utility Information
Electricity / Wiring Type: Available
Sewer Type: Public
Financial
Assessor Information
Assessment Year: 2026
Tax Area: SPRINGFIELD
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,988
Stories: 1.5
Lot Size: 0.72 acres
Style: Single Family Residential
Year Built: 1951
Year Renovated: —
County: Fairfax County
APN: 0893 27 0057
Home facts updated by county records on Jul 30, 2026
Around this home
Schools
Hunt Valley Elementary School
Public PreK-6 • Assigned • 0.7mi
10/10
Irving Middle School
Public 7-8 • Assigned • 1.5mi
8/10
West Springfield High School
Public 9-12 • Assigned • 1.9mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
6/10 Flood Factor
Estimated 22-32% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Springfield, VA • 22152
Average low and high temperatures (°F)
40
25
46
30
63
41
71
50
74
57
85
66
89
72
82
65
79
62
70
49
59
42
46
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
9.4 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$668,000 – $808,000
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