NOT LISTED FOR SALE

Estimated Value: $3,477,000 - $4,083,000

4 Beds
4.5 Baths
3,315 Sq Ft
$1,157/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $3,400,000 $1,026 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $22,642/month

Highlights

  • Open Floorplan
  • Wood Flooring
  • Victorian Architecture
  • Hyde Addison Elementary School Rated A
  • Garden View
  • 5-minute walk to Rose Park

About This Home

As of February 2022

Georgetown is so often associated with history — its quiet, tree-lined streets are framed by homes hundreds of years old. This makes 2705 Olive Street NW all the more special. Built in 2000 by Jim Gibson of universally acclaimed Gibson Builders, this immaculate Phillips Row townhome is a rare blend of modernity, space, and an unparalleled location in the heart of Georgetown’s East Village. The timeless cream-colored brick facade is accented by rich, dark shutters and gates, while the stunning pergola sets the tone for an ethereal floor plan made up of the finest workmanship spanning 4,100 square feet. Upon entry, the formal living room boasts a gas fireplace and opens up to a banquet-sized dining area. Thick baseboards, extensive crown molding, flush air vents and discrete recessed lighting are all signs of meticulous attention to detail — a recurring theme in this home. The kitchen, for instance, unlike so many other homes in the city, has natural light streaming in from all sides. Top-of-the-line appliances, granite countertops, and cherry cabinets combine to form a premium culinary experience to delight any chef. The adjacent breakfast area has direct access to the rear terrace via Pella doors. Upstairs, the owner’s suite is made cozy by a private gas fireplace and is served by a sumptuous spa-inspired marble bath with a separate jetted tub and walk-in glass shower. The secondary bedroom on this level is also its own oasis, with a private ensuite bath. A vast bedroom suite with vaulted ceilings on the third level can serve as a home fitness center, bonus space, or a secluded office ideal for remote work. A large recreational room anchored by custom built-ins is the centerpiece of the lower level. A fourth bedroom suite, perfect for in-laws or an au pair, is enhanced by private outdoor access. In the rear, the brick and flagstone terrace is walled and shaded by dense shrubbery, affording total privacy for outdoor entertaining or dining al-fresco. Two-car gated parking completes the picture. One of the newest townhomes in East Village, 2705 Olive Street NW blends craftsmanship with practicality and a world-class Georgetown location, setting itself apart as undeniably one of the finest examples of city living within the Capital Region.

Last Agent to Sell the Property

Daniel Heider

(703) 785-7820 daniel@danielheider.com TTR Sotheby's International Realty License #681976 Listed on: 10/19/2021

TTR Sotheby's International Realty

Last Buyer's Agent

Kerry Fortune

(202) 567-2718 kerry.fortune@wfp.com Washington Fine Properties, LLC License #592243

Washington Fine Properties, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $28,000

Year Built

  • Built in 2000

Lot Details

  • 2,178 Sq Ft Lot
  • North Facing Home
  • Back Yard Fenced
  • Property is in excellent condition

Home Design

  • Semi-Detached or Twin Home
  • Victorian Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • Property has 4 Levels
  • Open Floorplan
  • Built-In Features
  • 3 Fireplaces
  • Double Pane Windows
  • Window Treatments
  • French Doors
  • Living Room
  • Dining Room
  • Den
  • Game Room
  • Storage Room
  • Utility Room
  • Wood Flooring
  • Garden Views
  • Alarm System

Kitchen

  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Sump Pump

Parking

  • 2 Parking Spaces
  • Private Parking
  • Secure Parking

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by GIBSON
  • Georgetown Subdivision

Listing and Financial Details

  • Tax Lot 80
  • Assessor Parcel Number 1215//0080

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$28,000

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Expected On Market: 2021-10-20
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Remarks Public: Georgetown is so often associated with history — its quiet, tree-lined streets are framed by homes hundreds of years old. This makes 2705 Olive Street NW all the more special. Built in 2000 by Jim Gibson of universally acclaimed Gibson Builders, this immaculate Phillips Row townhome is a rare blend of modernity, space, and an unparalleled location in the heart of Georgetown’s East Village. The timeless cream-colored brick facade is accented by rich, dark shutters and gates, while the stunning pergola sets the tone for an ethereal floor plan made up of the finest workmanship spanning 4,100 square feet. Upon entry, the formal living room boasts a gas fireplace and opens up to a banquet-sized dining area. Thick baseboards, extensive crown molding, flush air vents and discrete recessed lighting are all signs of meticulous attention to detail — a recurring theme in this home. The kitchen, for instance, unlike so many other homes in the city, has natural light streaming in from all sides. Top-of-the-line appliances, granite countertops, and cherry cabinets combine to form a premium culinary experience to delight any chef. The adjacent breakfast area has direct access to the rear terrace via Pella doors. Upstairs, the owner’s suite is made cozy by a private gas fireplace and is served by a sumptuous spa-inspired marble bath with a separate jetted tub and walk-in glass shower. The secondary bedroom on this level is also its own oasis, with a private ensuite bath. A vast bedroom suite with vaulted ceilings on the third level can serve as a home fitness center, bonus space, or a secluded office ideal for remote work. A large recreational room anchored by custom built-ins is the centerpiece of the lower level. A fourth bedroom suite, perfect for in-laws or an au pair, is enhanced by private outdoor access. In the rear, the brick and flagstone terrace is walled and shaded by dense shrubbery, affording total privacy for outdoor entertaining or dining al-fresco. Two-car gated parking completes the picture. One of the newest townhomes in East Village, 2705 Olive Street NW blends craftsmanship with practicality and a world-class Georgetown location, setting itself apart as undeniably one of the finest examples of city living within the Capital Region.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: Dining Area, Built-Ins, Primary Bath(s), Window Treatments, Wood Floors, Upgraded Countertops, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Door Features: French
  • Foundation Details: Brick/Mortar
  • Levels Count: 4
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Study, Storage Room, Utility Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Sump Pump, Full, Fully Finished
  • Total Sq Ft: 3315
  • Living Area Sq Ft: 3315
  • Price Per Sq Ft: 1447.20
  • Above Grade Finished Sq Ft: 2415
  • Below Grade Finished Sq Ft: 900
  • Total Below Grade Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2705

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Unknown
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Secure Parking, Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Electric Alarm
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Fencing: Rear
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Soil Types: Urban Land-Sassafras-Chillum
  • Zoning: R3
  • In City Limits: No

Building Info

  • Builder Name: GIBSON

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16118056
  • Tax Annual Amount: 28000.00
  • Assessor Parcel Number: 1215//0080
  • Tax Lot: 80
  • Tax Year: 2020
  • Close Date: 02/24/2022

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Feb 22, 2022
Sold by
Mcnulty William J and Mcnulty Janis M
Bought by
Scott Beverly H and Scott Stefanie
Seller's Agent
Daniel Heider
TTR Sotheby's International Realty
Buyer's Agent
Kerry Fortune
Washington Fine Properties, LLC
List Price
$3,495,000
Sold Price
$3,400,000
Premium/Discount to List
-$95,000
-2.72%
Current Estimated Value
$3,835,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,670
Avg. Annual Appreciation
2.31%
Original Mortgage
$2,380,000
Outstanding Balance
$2,209,194
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$1,480,242

Purchase Details

Closed on
Aug 24, 2004
Sold by
Short Susan
Bought by
Cendant Mobility Financial Mtg

Purchase Details

Closed on
Feb 27, 2003
Sold by
Phillips Row L P
Bought by
Short Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 1997
Sold by
Washington Internat S School
Bought by
2735 Olive Street Lp
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
Scott Beverly H $3,400,000 First American Title
Cendant Mobility Financial Mtg $1,950,000 --
Short Leonard $1,750,000 --
2735 Olive Street Lp $2,800,000 Island Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scott Beverly H $2,380,000
Previous Owner Orlowski Janis M $1,371,000
Previous Owner Mcnulty William J $1,483,838
Previous Owner Mcnulty William J $250,000
Previous Owner Short Leonard $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2022 02/24/22 Sold $3,400,000 -2.7% $1,026 / Sq Ft
10/19/2021 10/19/21 For Sale $3,495,000 -- $1,054 / Sq Ft
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 $28,644 $3,369,840 $953,320 $2,416,520
2023 $27,914 $3,283,950 $942,940 $2,341,010
2022 $26,570 $3,125,890 $923,360 $2,202,530
2021 $25,654 $3,094,520 $905,100 $2,189,420
2020 $25,165 $3,036,300 $862,160 $2,174,140
2019 $24,682 $2,978,660 $857,240 $2,121,420
2018 $23,380 $2,823,910 $0 $0
2017 $23,069 $2,786,410 $0 $0
2016 $22,549 $2,724,550 $0 $0
2015 $21,422 $2,591,600 $0 $0
2014 $20,145 $2,440,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2017058

Bright MLS

APN: 1215-0080