The townhouse at 10304 Colony Park Dr. in Fairfax County is near transit and shopping. (Lindsey Snavely Photography)

Prospective home buyers who want to cap their housing budget at $400,000 sometimes find that a townhouse is a better option for their budget than a single-family home. In Fairfax County, Va., where the median sales price was $494,500 in December, according to the Northern Virginia Association of Realtors, buyers are faced with a limited supply of homes as well as high prices.

The townhouse at 10304 Colony Park Dr. in Fairfax County is in the Colony Park development, which has a central location for commuting and access to shopping centers. The townhouse is priced at $389,900. Annual property taxes are $4,102 and homeowner association dues are $98 per month.

The 1,838-square-foot townhouse, built in 1985, has three levels with three bedrooms and three bathrooms. The main level has an eat-in kitchen with a new dishwasher and a formal dining room that has a step-down to a living room. A sliding-glass door opens from the living room to a fenced back yard with a patio.

The finished basement has a fireplace. Upstairs are three bedrooms and two full bathrooms. The master bathroom was updated in 2016, and all windows were replaced in 2013. The townhouse could use some updates but is in move-in condition.

Assigned schools are Bonnie Brae Elementary and Robinson Secondary, both rated above average by GreatSchools.org.

For more photos, click here.

For information, contact real estate agent Jon Granlund with Keller Williams Realty at 703-537-6747.

To pass on a tip or item, contact us at realestate@washpost.com and put “Town Square” in the subject line.