NOT LISTED FOR SALE

2318 Nicholson St SE Washington, DC 20020

Fairlawn Neighborhood

Estimated Value: $461,000 - $1,643,000

0.21 Acre
$4,855,224 Price per Acre
9,000 Sq Ft Lot

Last Sold June 25, 2024

Last sale price $1,500,000

Est. 32% decrease in value since last sale

Current estimated payment $6,452/month

21 Days on Market

About This Lot

As of June 2024

DEVELOPER ALERT - VACANT PROPERTY IN OPPORTUNITY ZONE!

2318 -2322 Nicholson St SE, Washington DC 20020.

9,000 sf + 4,500 sf = 13,500 sf total.

RA-2 Zoning, which allows for 1.8 FAR, 50' Height, and 60% Lot Occupancy.

Located in the Fairlawn neighborhood of Anacostia just steps from Anacostia Park & River.

Last Agent to Sell the Property

Ken Rub

TTR Sotheby's International Realty License #640937 Listed on: 04/20/2024

TTR Sotheby's International Realty

Last Buyer's Agent

Samuel Medvene

Century 21 Redwood Realty License #SP98379587

Century 21 Redwood Realty

Property Details

Property Type

  • Land

Lot Details

  • 9,000 Sq Ft Lot
  • 2322 Nicholson St SE, which is a 4,500 sf parcel. The total parcel for sale is 13,500 sf.
  • Property is zoned RA-2, 1.8 FAR 50’ Height 60% Lot Occupancy 15’ Rear Setback 4’ Side Setback

Utilities

  • No Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 819
  • Assessor Parcel Number 5560//0819

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Automatically Close On Close Date: No
  • Remarks Public: DEVELOPER ALERT - VACANT PROPERTY IN OPPORTUNITY ZONE! 2318 -2322 Nicholson St SE, Washington DC 20020. 9,000 sf + 4,500 sf = 13,500 sf total. RA-2 Zoning, which allows for 1.8 FAR, 50' Height, and 60% Lot Occupancy. Located in the Fairlawn neighborhood of Anacostia just steps from Anacostia Park & River.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 172.22
  • Street Number Modifier: 2318

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic System
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 2322 Nicholson St SE, which is a 4,500 sf parcel. The total parcel for sale is 13,500 sf.
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9000.00
  • Soil Types: Unknown
  • Year Assessed: 2022
  • Zoning: RA-2
  • Zoning Description: 1.8 FAR 50’ Height 60% Lot Occupancy 15’ Rear Setback 4’ Side Setback
  • Farmland Preservation: No
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 44316.00
  • Assessor Parcel Number: 5560//0819
  • Tax Lot: 819
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/25/2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2024
Closed on
Jun 25, 2024
Sold by
2318-22 Nicholson St Llc
Bought by
Nicholson St Holdings Llc
Seller's Agent
Ken Rub
TTR Sotheby's International Realty
Buyer's Agent
Samuel Medvene
Century 21 Redwood Realty
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%
Views
23
Current Estimated Value
$1,019,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$480,403
Avg. Annual Appreciation
-35.40%
Original Mortgage
$1,050,000
Outstanding Balance
$1,041,978
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
-$165,667

Purchase Details

Closed on
Apr 19, 2024
Sold by
Pardo Jason A
Bought by
2318-22 Nicholson St Llc

Purchase Details

Closed on
Oct 27, 2017
Sold by
Pennsylvania Se Holdings Llc A District
Bought by
Capital River Enterprises Llc A Virginia

Purchase Details

Closed on
Apr 30, 2015
Sold by
Treadwell Jerome B
Bought by
Pennsylvania Se Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 1995
Sold by
Knapp Blanche I
Bought by
Treadwell Jerome B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,450
Interest Rate
9.16%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nicholson St Holdings Llc $1,500,000 District Title
2318-22 Nicholson St Llc $329,545 None Listed On Document
Capital River Enterprises Llc A Virginia $1,390,000 Premium Title & Escrow Llc
Pennsylvania Se Holdings Llc $675,000 --
Treadwell Jerome B $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholson St Holdings Llc $1,050,000
Previous Owner Capital River Enterprises Llc $249,500
Previous Owner Pennsylvania Se Holdings Llc $695,000
Previous Owner Treadwell Jerome B $67,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2024 06/25/24 Sold $1,500,000 -3.2% --
05/11/2024 05/11/24 Pending -- -- --
04/20/2024 04/20/24 For Sale $1,550,000 -- --
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 $49,137 $491,370 $338,680 $152,690
2023 $47,591 $475,910 $328,320 $147,590
2022 $44,316 $443,160 $315,540 $127,620
2021 $42,620 $426,200 $307,620 $118,580
2020 $20,530 $410,590 $296,100 $114,490
2019 $38,981 $389,810 $289,000 $100,810
2018 $38,050 $380,500 $0 $0
2017 $17,921 $358,420 $0 $0
2016 $1,875 $220,550 $0 $0
2015 $1,794 $211,060 $0 $0
2014 $1,617 $190,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ken Rub

    Seller's Agent in 2024

    Ken Rub

    TTR Sotheby's International Realty

    (202) 270-4119

    1 in this area

    48 Total Sales

    Ken Rub
    Section Image
  • Samuel Medvene

    Buyer's Agent in 2024

    Samuel Medvene

    Century 21 Redwood Realty

    (703) 314-5833

    1 in this area

    216 Total Sales

    Samuel Medvene
    Section Image
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Map

Source: Bright MLS

MLS Number: DCDC2138028

Bright MLS

APN: 5560-0819

District of Columbia District of Columbia County Washington 20020 Fairlawn

2318 Nicholson St SE, Washington, DC

This home is located at 2318 Nicholson St SE, Washington, DC 20020 since 20 April 2024 and is currently estimated at $1,019,597. 2318 Nicholson St SE is a home located in District of Columbia with nearby schools including Lawrence E. Boone Elementary School, Kramer Middle School, and Anacostia High School.

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