NOT LISTED FOR SALE

3205 7th St NE Washington, DC 20017

Edgewood Neighborhood
-- Bed
1 Bath
6,744 Sq Ft
4,167 Sq Ft Lot

Last Sold May 13, 2022

Last sale price $2,950,000 $437 Per Sq Ft

61 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Kitchen Island
  • Contemporary Architecture
  • Recessed Lighting
  • Forced Air Heating and Cooling System

About This Home

As of May 2022

Unique opportunity to own 4 condos that were purchased together to become this incredible 6,744 sq ft multi-family building blocks to Catholic University in Brookland! Built in 2016 the building includes 4 surface parking spaces and 4 storage rooms. Each unit has its own balcony. Excellent location: 4 block walk to Brookland-CUA Metro. 2 blocks to shopping, retail & restaurants on Monroe St.

Units 1 & 2: 1,580 sq ft on three levels. 3 bedrooms, 3 full baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.

Details:
Unit 1, currently rented to 3 adult tenants for $3,712 per month. Lease ends July 31st.
Unit 2, the 3 rooms are individually rented to 3 student tenants for $1,400/month, total $4,200/month. Lease ends Nov 30th.

Units 3 & 4: 1,438 sq ft on 2 levels. 2 bedrooms, den, 2.5 baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.

Details:
Unit 3, currently rented to 5 student tenants for $4,250 per month. Lease ends July 31st.
Unit 4, currently rented to 6 student tenants for $42,50 per month. Lease ends May 31st.

Financials for 2021
Income, $189,740
Expenses, $58,093
Cap rate, 4.4%

Please note rental prices dropped during Covid. Previous rents received were up to $5,000 for Units 1 & 2 and $4,500 for Units 3 & 4.

Reasonable estimate for future rentals could be $4,500 per unit. At that rate:
Potential Income, $216,000
Potential Expenses, $58,093
Potential Cap rate, 5.3%

Last Agent to Sell the Property

Sheila Hazzan

(202) 276-5574 sheila.hazzan@compass.com Compass Listed on: 01/17/2022

Compass

Co-Listed By

CRAIG COBINE

(202) 550-2889 craig.cobine@compass.com Compass

Last Buyer's Agent

Stephany DeBerry

(571) 258-7371 stephany.deberry@exprealty.com EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,330

Year Built

  • Built in 2016

Lot Details

  • 4,167 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Aluminum Siding

Interior Spaces

  • Open Floorplan
  • Recessed Lighting
  • Wood Flooring
  • Kitchen Island

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces
  • Surface Parking

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • 4 Units
  • 5-Story Building
  • Brookland Subdivision

Building Details

  • Income includes apartment rentals, parking
  • Net Operating Income $58,093

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,330

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-01-17
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Interior Amenities: Floor Plan - Open, Kitchen - Island, Recessed Lighting, Wood Floors
  • Foundation Details: Other
  • Total Sq Ft: 6744
  • Living Area Sq Ft: 6744
  • Price Per Sq Ft: 556.07
  • Above Grade Finished Sq Ft: 5395
  • Below Grade Finished Sq Ft: 1349
  • Total Below Grade Sq Ft: 1349
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Surface
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

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: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4167.00
  • Property Condition: Good
  • Soil Types: Urban Land-Sassafras-Chillum
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Total Actual Rent: 189748.76
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 21330.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2020

Multi Family

  • Income Includes: Apartment Rentals, Parking

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2022 05/13/22 Sold $2,950,000 -1.7% $437 / Sq Ft
01/17/2022 01/17/22 For Sale $3,000,000 +500.0% $445 / Sq Ft
07/07/2014 07/07/14 Sold $500,000 0.0% $400 / Sq Ft View Prior Sale
07/01/2014 07/01/14 Pending -- -- --
07/01/2014 07/01/14 For Sale $500,000 -- $400 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sheila Hazzan

    Seller's Agent in 2022

    Sheila Hazzan

    Compass

    (202) 276-5574

    1 in this area

    50 Total Sales

    Sheila Hazzan
    Section Image
  • CRAIG COBINE

    Seller Co-Listing Agent in 2022

    CRAIG COBINE

    Compass

    (202) 550-2889

    1 in this area

    33 Total Sales

    CRAIG COBINE
    Section Image
  • Stephany DeBerry

    Buyer's Agent in 2022

    Stephany DeBerry

    EXP Realty, LLC

    (571) 258-7371

    1 in this area

    35 Total Sales

    Stephany DeBerry
    Section Image
  • David Bediz

    Seller's Agent in 2014

    David Bediz

    Real Living at Home

    (202) 352-8456

    2 in this area

    213 Total Sales

    David Bediz
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DCDC2028152

Bright MLS

APN: 3650 0016

District of Columbia District of Columbia County Washington 20017 Edgewood

3205 7th St NE, Washington, DC

Not Listed for Sale

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