NOT LISTED FOR SALE

Estimated Value: $1,376,000 - $1,500,388

-- Bed
5 Baths
-- Sq Ft
2,941 Sq Ft Lot

Last Sold November 22, 2019

Last sale price $1,360,500

Est. 6% increase in value since last sale

Current estimated payment $8,220/month

Highlights

  • Colonial Architecture
  • Central Heating and Cooling System
  • Property is in very good condition
  • No HOA

About This Home

As of November 2019

One-of-a-kind multi-unit with a 3 bed/2 bath, two-story owner suite with a deck and separate entrance. There is also a 2 bed/1 bath unit and two, 1 bed/1 bath units. Don t miss this great opportunity to live in one unit and rent out three units or rent out all four to maximize cash flow. It is located within walking distance to both NoMA and Rhode Island metro stations. This building is an investor's dream!

Last Agent to Sell the Property

Kendra Barnes

(202) 810-1773 kendra@getthekeyresource.com Samson Properties Listed on: 10/02/2019

Samson Properties

Last Buyer's Agent

Kelly Andrews

(202) 340-0910 kelly.andrews@penfedrealty.com Compass License #0679150

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,334

Year Built

  • Built in 1939

Lot Details

  • 2,941 Sq Ft Lot
  • Property is in very good condition

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Colonial Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Vinyl Siding

Basement

  • Exterior Basement Entry

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for all utilities, trash collection
  • Tax Lot 40
  • Assessor Parcel Number 3565//0040

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,403
  • Maintenance Expense $3,363
  • Trash Expense $1,734
  • Operating Expense $32,323
  • Gross Income $148,332
  • Net Operating Income $70,332

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,334

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1939
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Yes
  • Basement Type: Outside Entrance
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1900

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Roof: Tar/Gravel, Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 50.00
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2941.00
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2019
  • Zoning: R4
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Long Term, Owner Occupied
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: All Utilities, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 102656.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5334.00
  • Assessor Parcel Number: 3565//0040
  • Tax Lot: 40
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 11/22/2019

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 102656.00
  • Gross Scheduled Income: 148332.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 32323.00
  • Vacancy Allowance Rate: 25.00

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2019
Closed on
Nov 22, 2019
Sold by
Barnes Kendra M and Barnes Reginald J
Bought by
Osei Emmanuel
Seller's Agent
Kendra Barnes
Samson Properties
Buyer's Agent
Kelly Andrews
Compass
List Price
$1,300,000
Sold Price
$1,360,500
Premium/Discount to List
$60,500
4.65%
Current Estimated Value
$1,438,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,694
Avg. Annual Appreciation
0.94%
Original Mortgage
$1,335,857
Outstanding Balance
$1,172,856
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$265,338

Purchase Details

Closed on
Sep 9, 2016
Sold by
Muhamad Gary Abdur and Rahman Callie
Bought by
Barnes Kendra M and Barnes Reginald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$859,151
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 1995
Sold by
Saunders Powell Kimberly
Bought by
Knights Conrad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
8.33%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Osei Emmanuel $1,360,500 Cla Title & Escrow
Barnes Kendra M $875,000 District Title A Corporation
Knights Conrad $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osei Emmanuel $1,335,857
Previous Owner Barnes Kendra M $859,151
Previous Owner Knights Conrad $64,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2019 11/22/19 Sold $1,360,500 +4.7% --
10/12/2019 10/12/19 Pending -- -- --
10/02/2019 10/02/19 For Sale $1,300,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $8,133 $1,043,820 $445,060 $598,760
2023 $7,726 $1,031,900 $436,330 $595,570
2022 $7,064 $979,860 $436,330 $543,530
2021 $6,440 $946,080 $436,330 $509,750
2020 $5,860 $792,260 $161,760 $630,500
2019 $5,334 $702,430 $147,050 $555,380
2018 $5,133 $705,560 $0 $0
2017 $5,290 $622,310 $0 $0
2016 $3,940 $463,550 $0 $0
2015 $3,854 $453,400 $0 $0
2014 $3,574 $420,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC444928

Bright MLS

APN: 3565-0040