$1,200,000
$1,299,900
7.7%For more information regarding the value of a property, please contact us for a free consultation.
2,670 SqFt
SOLD DATE : 05/08/2020
Key Details
Sold Price $1,200,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,670 sqft
Price per Sqft $449
MLS Listing ID DCDC461568
Sold Date 05/08/20
Style Other
HOA Y/N N
Abv Grd Liv Area 2,670
Originating Board BRIGHT
Year Built 1936
Annual Tax Amount $5,082
Tax Year 2019
Lot Size 3,732 Sqft
Acres 0.09
Property Description
Permits approved and shovel ready! The vacant four unit building has plans to convert into an 11 unit condo building. Email agent for architectural drawings with unit layouts, square footage and projected outsales. Our total out sale projections are in the $3.9M range. See similar finished projects at 1009 17th St NE (8 units) which had over $3.4M in out sales and 1021 17th St NE which projects over $3.6M in out sales. The current architectural drawing includes eight 2 bed 2 bath units, two 1 bed 1 bath units and one studio unit. Our contractor estimates to build the project are in the $1.3M range. The building is currently boarded up and winterized, so only exterior showings until a contract is accepted. The interior is in above average condition as the seller did many upgrades before beginning the development. The seller is selling the project because he has moved out of the area and does not want to manage the project from afar. Seller requests that interested buyers submit offers by Monday 3/16/20
Location
State DC
County Washington
Zoning RA-2
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4473//0112
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Kenneth Wang • Samson Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
14291 Park Meadow Drive Suite 500, Chantilly, VA, 20151