NOT LISTED FOR SALE

Estimated Value: $823,270 - $935,000

-- Bed
3 Baths
2,550 Sq Ft
$349/Sq Ft Est. Value

Last Sold February 07, 2019

Last sale price $880,000 $345 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,483/month

10 Days on Market

Highlights

  • Federal Architecture
  • Wall Furnace
  • Back Yard
  • No HOA

About This Home

As of February 2019

Federal style row house in Brookland divided into 3 units and operated as "co-living" apartments. The basement is a spacious 1 Br apt with front and rear entrance. The 2nd & 3rd floors are each separate 3 Br/1 ba apartments and rented as "co-living" apartments. Each bedroom is leased directly from landlord for $850/month. So 2nd & 3rd floors rent for $2,550, basement is $1,700 for total monthly rent $6,800. Great condition, renovated in 2012. Nice kitchens, dining counter and living room in the 3 br units. Nice lot (2,700 sf) that backs to alley and room to park multiple cars. Excellent block. Casey Tress a couple doors up and across the street. Exciting new restaurant Primrose 5 doors down. Beautiful new condo next door and new condos up and down 12th Street. Nice, cash flowing property. Great rental history. All units occupied. Could potentially live in one unit and rent others. Newly renovated houses on the block $850k - $925k. Convenient to subway, Catholic University. Low maintenance and management. Allow plenty of time to show, because its occupied.

Last Agent to Sell the Property

Peter Mallios

Peter G. Mallios License #IB0098073 Listed on: 11/24/2018

Last Buyer's Agent

hugh le

RE/MAX Realty Group License #sp98375760

RE/MAX Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,865

Year Built

  • Built in 1925 | Remodeled in 2012

Lot Details

  • 2,700 Sq Ft Lot
  • Back Yard

Parking

  • Off-Street Parking

Home Design

  • Federal Architecture
  • Brick Exterior Construction

Finished Basement

  • English Basement
  • Heated Basement
  • Front and Rear Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes, water, gas, heat, insurance, advertising/licenses and permits, electricity, common area maintenance, sewer, snow removal, supplies
  • Tax Lot 22
  • Assessor Parcel Number 3876//0022

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $16,500
  • Net Operating Income $62,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,865

Year Built

Built in 1925 | Remodeled in 2012

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2018-11-24
  • Year Built: 1925
  • Year Renovated: 2012
  • Remarks Public: Federal style row house in Brookland divided into 3 units and operated as "co-living" apartments. The basement is a spacious 1 Br apt with front and rear entrance. The 2nd & 3rd floors are each separate 3 Br/1 ba apartments and rented as "co-living" apartments. Each bedroom is leased directly from landlord for $850/month. So 2nd & 3rd floors rent for $2,550, basement is $1,700 for total monthly rent $6,800. Great condition, renovated in 2012. Nice kitchens, dining counter and living room in the 3 br units. Nice lot (2,700 sf) that backs to alley and room to park multiple cars. Excellent block. Casey Tress a couple doors up and across the street. Exciting new restaurant Primrose 5 doors down. Beautiful new condo next door and new condos up and down 12th Street. Nice, cash flowing property. Great rental history. All units occupied. Could potentially live in one unit and rent others. Newly renovated houses on the block $850k - $925k. Convenient to subway, Catholic University. Low maintenance and management. Allow plenty of time to show, because its occupied.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: English, Front Entrance, Fully Finished, Heated, Improved, Outside Entrance, Rear Entrance
  • Total Sq Ft: 2550
  • Living Area Sq Ft: 2550
  • Price Per Sq Ft: 504.48
  • Above Grade Finished Sq Ft: 1784
  • Below Grade Finished Sq Ft: 766
  • Total Below Grade Sq Ft: 766
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3012

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • 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: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 352270.00
  • Land Assessed Value: 332610.00
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2700.00
  • Soil Types: Unknown
  • Year Assessed: 2019
  • Zoning: MU-3A/R2
  • Zoning Description: The property has "split" zoning. The front is MU-3A, allowing Residential & Commercial uses to a 1.0 FAR, 60% occupancy, 40' ht
  • In City Limits: Yes

Rental Info

  • Number Of Units Month To Month: 3
  • Owner Pays: Taxes - Real Estate, Water, Gas, Heat, Insurance, Advertising/Licenses And Permits, Electricity, Common Area Maintenance, Sewer, Snow Removal, Supplies
  • Total Actual Rent: 81600.00
  • Units Furnished: Some
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16069530
  • Tax Annual Amount: 5865.00
  • Assessor Parcel Number: 3876//0022
  • Tax Lot: 22
  • Tax Total Finished Sq Ft: 2370
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 02/07/2019

Multi Family

  • Gross Income: 79000.00
  • Operating Expense: 16500.00
  • Single Room Units Count: 6
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2018
Closed on
Feb 7, 2019
Sold by
A & G Investment Group Llc
Bought by
Semaan Youssef and Mouawad Chadi
Seller's Agent
Peter Mallios
Peter G. Mallios
Buyer's Agent
hugh le
RE/MAX Realty Group
List Price
$900,000
Sold Price
$880,000
Premium/Discount to List
-$20,000
-2.22%
Current Estimated Value
$895,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,467
Avg. Annual Appreciation
0.17%
Original Mortgage
$704,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2014
Sold by
Goodwin Aletha L
Bought by
Gdg 3018 12Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$824,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2010
Sold by
Goodwin Fred
Bought by
A And G Investment Group Llc
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
Semaan Youssef $880,000 Masters Title & Escrow
Gdg 3018 12Th Street Llc -- --
A And G Investment Group Llc $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Semaan Youssef $93,500
Open Mouawad Chadi $697,000
Closed Semaan Youssef $704,000
Previous Owner A & G Investment Group Llc A Maryland Li $552,500
Previous Owner A & G Investment Group Llc $75,000
Previous Owner Gdg 3018 12Th Street Llc $824,000
Previous Owner A And G Invetstment Group Llc $310,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2019 02/07/19 Sold $880,000 -2.2% $345 / Sq Ft
11/24/2018 11/24/18 For Sale $900,000 -- $353 / 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 $6,970 $819,960 $398,250 $421,710
2023 $6,693 $787,360 $385,160 $402,200
2022 $6,233 $733,290 $352,430 $380,860
2021 $6,065 $713,480 $347,190 $366,290
2020 $5,821 $684,880 $332,610 $352,270
2019 $5,866 $690,080 $321,440 $368,640
2018 $5,563 $654,470 $0 $0
2017 $5,243 $616,860 $0 $0
2016 $4,919 $578,680 $0 $0
2015 $4,619 $543,360 $0 $0
2014 $3,762 $442,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC132790

Bright MLS

APN: 3876-0022