NOT LISTED FOR SALE

Estimated Value: $1,730,000 - $1,821,979

-- Bed
4 Baths
2,699 Sq Ft
$658/Sq Ft Est. Value

Last Sold September 05, 2017

Last sale price $1,450,000 $537 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $11,602/month

10 Days on Market

Highlights

  • No HOA
  • Window Unit Cooling System
  • 3-minute walk to Robert Emmet Memorial Park
  • School Without Walls @ Francis-Stevens Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of September 2017

Wonderful high yielding three unit apartment building nestled among embassies & diplomatic residences on a quiet, tree-lined street in Kalorama. Large two story 2 BR 1Ba. apt. with a roof top deck & balcony could serve as owners unit. All 3 units have updated kitchens & other elements. Many upgrades in disclosures. Laundry on lower level. All offers should be submitted by noon on Friday June 2nd.

Last Agent to Sell the Property

Mary Hilliard

AGS Realty, Inc. Listed on: 05/26/2017

Last Buyer's Agent

Jennifer Smira

Compass License #0225195388

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,853

Year Built

  • Built in 1908

Lot Details

  • 1,828

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Schools

  • Marie Reed Elementary School
  • Jackson-Reed High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Front and Rear Basement Entry
  • 1,828 Sq Ft Lot

Listing and Financial Details

  • The owner pays for insurance, management, advertising/licenses and permits, accounting/legal, repairs, real estate taxes, all utilities
  • Tax Lot 49
  • Assessor Parcel Number 2516//0049

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Kalorama Subdivision

Building Details

  • Operating Expense $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,853

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1908
  • Remarks Public: Wonderful high yielding three unit apartment building nestled among embassies & diplomatic residences on a quiet, tree-lined street in Kalorama. Large two story 2 BR 1Ba. apt. with a roof top deck & balcony could serve as owners unit. All 3 units have updated kitchens & other elements. Many upgrades in disclosures. Laundry on lower level. All offers should be submitted by noon on Friday June 2nd.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Front Entrance, Rear Entrance, Fully Finished
  • Price Per Sq Ft: 589.11
  • Street Number Modifier: 2232

Exterior Features

  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Elementary School: MARIE REED
  • High School: JACKSON-REED
  • School District Key: 121140357950
  • Elementary School: MARIE REED
  • High School: JACKSON-REED

Lot Info

  • Improvement Assessed Value: 974060.00
  • Land Assessed Value: 501490.00
  • Lot Size Acres: 0.04
  • Lot Size Area: 1828
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1828.00
  • Property Attached Yn: Yes
  • Soil Types: Urban Land-Sassafras-Chillum
  • Year Assessed: 2016
  • Zoning: RES
  • In City Limits: Yes

Rental Info

  • Owner Pays: Insurance, Management, Advertising/Licenses And Permits, Accounting/Legal, Repairs, Taxes - Real Estate, All Utilities
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16031921
  • Tax Annual Amount: 11853.24
  • Assessor Parcel Number: 2516//0049
  • Tax Lot: 49
  • Tax Total Finished Sq Ft: 2699
  • Tax Year: 2016
  • Close Date: 09/05/2017

Multi Family

  • Gross Income: 99540.00
  • Metering: Electric Separate
  • Operating Expense: 16200.00

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2017
Closed on
Aug 28, 2017
Sold by
Nv Estates Inc A Virginia Corporation
Bought by
Mahony Spencer and Arbit Carmiel
Seller's Agent
Mary Hilliard
AGS Realty, Inc.
Buyer's Agent
Jennifer Smira
Compass
List Price
$1,590,000
Sold Price
$1,450,000
Premium/Discount to List
-$140,000
-8.81%
Current Estimated Value
$1,799,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,078
Avg. Annual Appreciation
2.11%
Original Mortgage
$1,087,500
Outstanding Balance
$917,252
Interest Rate
3.92%
Mortgage Type
Commercial
Estimated Equity
$795,183

Purchase Details

Closed on
May 24, 2002
Sold by
Gregory James
Bought by
N V Est Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2000
Sold by
Gillespie Nancy S
Bought by
Gregory James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
7.83%
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
Mahony Spencer $1,450,000 None Available
N V Est Inc $960,000 --
Gregory James P $725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahony Spencer $1,087,500
Previous Owner N V Est Inc $325,000
Previous Owner Gregory James P $620,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2017 09/05/17 Sold $1,450,000 -8.8% $537 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $1,590,000 0.0% $589 / Sq Ft
03/15/2017 03/15/17 Rented $2,995 -5.7% --
03/10/2017 03/10/17 Under Contract -- -- --
11/21/2016 11/21/16 For Rent $3,175 +0.8% --
09/10/2014 09/10/14 Rented $3,150 -3.1% --
09/05/2014 09/05/14 Under Contract -- -- --
07/25/2014 07/25/14 For Rent $3,250 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001392233

Bright MLS

APN: 2516 0049