1516 Pennsylvania Ave SE Washington, DC 20003
Hill East Neighborhood
3
Beds
3.5
Baths
2,008
Sq Ft
1,150
Sq Ft Lot
Highlights
- Second Kitchen
- 4-minute walk to Potomac Avenue
- Traditional Architecture
- Watkins Elementary School Rated A-
- Open Floorplan
- 4-minute walk to Chamberlain Playground
About This Home
As of September 2024Fantastic opportunity to own a beautiful row home on Capitol Hill while earning rental income. Situated moments from the Potomac Avenue Metro Station, the home features two separately metered units, either or both of which can be rented for income purposes.
Heading upstairs, you will find a nice size "owner's suite" that features a gracious sized living area,with brand new carpet (hardwood under) and fireplace, a large dining room for entertaining, an updated kitchen and powder room. The upper level of this unit has two large bedrooms, one with an ensuite bath, and a full hall bath for the other.
The lower, traditionally considered income unit, has a charming open gourmet kitchen, nice size living area with fireplace, large bedroom and upgraded bath and the entire unit has luxury vinyl plank flooring.
The home features a 1 car parking driveway and the exterior rear features a private patio with a new 6 foot privacy fence and lots of entertaining space.
With its ideal Capitol Hill location, the home is minutes to shopping, restaurants, grocery, retail, metro and various commuter routes.
As an investment opportunity, each unit offers the potential for excellent returns. The new owner could choose to rent out both units for a steady income or live in the upstairs unit while using the lower unit as an Airbnb for even higher returns. Additional details about the expected rental income are available
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $7,059
Year Built
- Built in 1979
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 2,008 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- 2 Fireplaces
- Family Room Off Kitchen
- Combination Kitchen and Dining Room
Kitchen
- Second Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Parking Space
- 1 Driveway Space
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Additional Features
- Level Entry For Accessibility
- 1,150 Sq Ft Lot
Community Details
- No Home Owners Association
- Capitol Hill Subdivision
Listing and Financial Details
- Tax Lot 826
- Assessor Parcel Number 1077//0826
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2024
Closed on
Sep 3, 2024
Sold by
Alan Frank Dalton Trust and Dalton Alan Frank
Bought by
Tau Byron Christopher and Rose Alicia Anne
Seller's Agent
Evan Johnson
Compass
Buyer's Agent
Brian Cusick
Keller Williams Capital Properties
List Price
$850,000
Sold Price
$860,000
Premium/Discount to List
$10,000
1.18%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,439
Avg. Annual Appreciation
3.49%
Original Mortgage
$688,000
Outstanding Balance
$683,549
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$201,890
Purchase Details
Closed on
Aug 25, 2016
Sold by
Dalton Alan F
Bought by
The Alan Frank Dalton Trust Dated March
Purchase Details
Closed on
May 8, 2007
Sold by
Bynum Tina
Bought by
Dalton Alan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.24%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 21, 1997
Sold by
Georgetown Center I Inc
Bought by
Districts Associates 2121 Llc
Similar Homes in Washington, DC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $860,000 | Universal Title | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $500,000 | -- | |
| Deed | $4,725,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $688,000 | New Conventional | |
| Previous Owner | $424,800 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $400,000 | New Conventional | |
| Previous Owner | $95,000 | Credit Line Revolving | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $53,500 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $860,000 | +1.2% | $428 / Sq Ft |
| 08/01/2024 08/01/24 | For Sale | $850,000 | -- | $423 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,138 | $839,770 | $485,670 | $354,100 |
| 2023 | $7,059 | $830,480 | $475,340 | $355,140 |
| 2022 | $6,570 | $772,890 | $451,060 | $321,830 |
| 2021 | $6,397 | $752,620 | $442,060 | $310,560 |
| 2020 | $6,145 | $722,930 | $424,190 | $298,740 |
| 2019 | $5,839 | $686,890 | $399,600 | $287,290 |
| 2018 | $5,686 | $668,940 | $0 | $0 |
| 2017 | $5,560 | $654,170 | $0 | $0 |
| 2016 | $5,261 | $618,950 | $0 | $0 |
| 2015 | $4,818 | $566,800 | $0 | $0 |
| 2014 | $4,478 | $526,870 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Evan Johnson
Seller's Agent in 2024
Evan Johnson
Compass
(703) 447-6137
4 in this area
159 Total Sales
-
Thomas Bauer
Seller Co-Listing Agent in 2024
Thomas Bauer
Compass
(703) 966-4986
2 in this area
76 Total Sales
-
Brian Cusick
Buyer's Agent in 2024
Brian Cusick
Keller Williams Capital Properties
(202) 276-3413
2 in this area
106 Total Sales
Map
Source: Bright MLS
MLS Number: DCDC2152402
APN: 1077-0826
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