NOT LISTED FOR SALE

2920 8th St NE Washington, DC 20017

Edgewood Neighborhood

Estimated Value: $824,000 - $1,043,000

-- Bed
4 Baths
3,152 Sq Ft
$298/Sq Ft Est. Value

Last Sold July 31, 2024

Last sale price $950,000 $301 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,549/month

Highlights

  • Traditional Floor Plan
  • Corner Lot
  • Back Yard
  • Wood Flooring
  • Hot Water Heating System

About This Home

As of July 2024

NEW AND IMPROVED PRICE!!!What an exciting opportunity for investors in the vibrant Brookland community!
Condo Conversion Potential: With enough space to expand upwards and create parking, this property offers investors the possibility of a lucrative condo conversion project. This could add significant value to the property and attract buyers looking for individual units in the popular Brookland area.
Owner-Occupied Tenants: Having owner-occupied tenants living in one unit while renting out the other three provides stability and potential income streams for investors. This mixed-use of the property maximizes its earning potential while also ensuring some level of oversight and care for the units.
The property's location in the Brookland community offers residents access to a variety of amenities and attractions. From the 8th St. Arts Walk and Dance Place to popular spots like Brookland Pint and the Metropolitan Branch Trail, there's plenty to explore and enjoy nearby. Additionally, being close to Catholic University and Brookland Metro makes commuting and accessing educational institutions convenient.
Bike-Friendly Environment: The presence of bike-friendly streets in the area adds to the appeal for residents who prefer alternative modes of transportation. This aligns with the community's focus on sustainability and active living.
Overall, this property presents an excellent investment opportunity in a desirable and growing neighborhood. With its potential for condo conversion, mixed-use tenancy, and proximity to amenities and transportation, it's sure to attract investors looking to capitalize on the dynamic Brookland market.

Last Agent to Sell the Property

Tanya Slade

(571) 235-7191 tanya.slade@longandfoster.com Long & Foster Real Estate, Inc. License #631581 Listed on: 07/02/2024

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Desiree Hargett

(301) 445-5900 desiree.hargett@gmail.com RE/MAX Excellence Realty License #527167

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,527

Year Built

  • Built in 1941

Lot Details

  • 3,864 Sq Ft Lot
  • Corner Lot
  • Back Yard
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Plaster Walls

Interior Spaces

  • 3,152 Sq Ft Home
  • Traditional Floor Plan
  • Stove

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Alley Access
  • On-Street Parking

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 3643//0069

Community Details

Overview

  • 4 Units
  • Brookland Subdivision

Building Details

  • 3 Vacant Units
  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,527

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1941
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Flooring Type: Ceramic Tile, Hardwood, Laminated
  • Interior Amenities: Floor Plan - Traditional
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls, Dry Wall
  • Basement: No
  • Total Sq Ft: 3152
  • Living Area Sq Ft: 3152
  • Price Per Sq Ft: 301.40
  • Above Grade Finished Sq Ft: 3152
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Spa: No
  • 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, Alley

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Corner, Rear Yard
  • Lot Size Acres: 0.09
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3864.00
  • Property Condition: Good
  • Soil Types: Urban Land-Sassafras-Chillum
  • Zoning: R-01
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Rent Control: Yes
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3527.00
  • Assessor Parcel Number: 3643//0069
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 3

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Jul 31, 2024
Sold by
Douglas William R and Johnson Van
Bought by
Tellez Pedro
Seller's Agent
Tanya Slade
Long & Foster Real Estate, Inc.
Buyer's Agent
Desiree Hargett
RE/MAX Excellence Realty
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$938,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,354
Avg. Annual Appreciation
-0.90%
Original Mortgage
$902,500
Outstanding Balance
$891,470
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$47,176
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tellez Pedro $950,000 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tellez Pedro $902,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Sold $950,000 0.0% $301 / Sq Ft
07/02/2024 07/02/24 For Sale $950,000 +72976.9% $301 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
02/01/2022 02/01/22 Rented $1,300 0.0% --
12/09/2021 12/09/21 Price Changed $1,300 -3.7% $0 / Sq Ft
12/04/2021 12/04/21 Price Changed $1,350 -3.6% $0 / Sq Ft
11/20/2021 11/20/21 Price Changed $1,400 -3.4% $0 / Sq Ft
11/01/2021 11/01/21 For Rent $1,450 0.0% --
09/18/2021 09/18/21 Off Market $1,450 -- --
09/18/2021 09/18/21 For Rent $1,450 +3.6% --
08/10/2020 08/10/20 Rented $1,400 0.0% --
08/06/2020 08/06/20 For Rent $1,400 0.0% --
12/01/2019 12/01/19 Rented $1,400 0.0% --
11/25/2019 11/25/19 Under Contract -- -- --
11/09/2019 11/09/19 For Rent $1,400 +3.7% --
01/06/2019 01/06/19 Rented $1,350 0.0% --
01/02/2019 01/02/19 Under Contract -- -- --
12/18/2018 12/18/18 For Rent $1,350 0.0% --
10/19/2018 10/19/18 Rented $1,350 0.0% --
09/07/2018 09/07/18 For Rent $1,350 +8.0% --
03/12/2016 03/12/16 Rented $1,250 -3.8% --
03/12/2016 03/12/16 Under Contract -- -- --
11/04/2015 11/04/15 For Rent $1,300 -- --
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
2025 $7,276 $855,940 $432,000 $423,940
2024 $7,049 $829,250 $427,630 $401,620
2023 $6,795 $799,400 $413,560 $385,840
2022 $6,253 $735,660 $376,200 $359,460
2021 $6,070 $714,160 $370,630 $343,530
2020 $5,825 $685,300 $352,470 $332,830
2019 $5,752 $676,740 $341,380 $335,360
2018 $5,390 $634,110 $0 $0
2017 $5,061 $595,430 $0 $0
2016 $4,636 $545,380 $0 $0
2015 $4,312 $507,340 $0 $0
2014 $3,502 $412,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tanya Slade

    Seller's Agent in 2024

    Tanya Slade

    Long & Foster

    (571) 235-7191

    2 in this area

    45 Total Sales

    Tanya Slade
    Section Image
  • Desiree Hargett

    Buyer's Agent in 2024

    Desiree Hargett

    RE/MAX

    (301) 445-5900

    1 in this area

    45 Total Sales

    Desiree Hargett
    Section Image

  • P

    Buyer's Agent in 2022

    Pam Haggins

    Long & Foster

    Section Image
  • Betty Swammy

    Buyer's Agent in 2019

    Betty Swammy

    Long & Foster

    (202) 369-5050

    6 Total Sales

    Betty Swammy
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DCDC2148800

Bright MLS

APN: 3643-0069

District of Columbia District of Columbia County Washington 20017 Edgewood

2920 8th St NE, Washington, DC

Not Listed for Sale

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