NOT LISTED FOR SALE

4017 Kansas Ave NW Washington, DC 20011

16th Street Heights Neighborhood

Estimated Value: $1,109,373 - $1,290,000

-- Bed
4 Baths
2,304 Sq Ft
$506/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $1,000,000 $434 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,939/month

4 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Ceiling Fan
  • Federal Architecture
  • No HOA
  • 3-minute walk to Petworth Meditation Garden

About This Home

As of January 2021

**POSSIBLE CAPITALIZATION RATE UP TO 11.6%!!!** This four-unit building in the heart of Petworth is the perfect property to develop, invest, or call home! Building features 2 1BR+Den and 2 2BR units, so ideal for those working from home these days. Hardwood floors, gas cooking, radiator heat and well-maintained kitchens and bathrooms are just a few other highlights of each unit. The building has great outdoor space and PRIVATE PARKING for 4 CARS! The property has a Certificate of Occupancy for 4 units with the ability to expand 10 feet back, add a level above, and dig out the basement to create four enormous units (up to 4 bedrooms each!) to rent or sell. Speaking of rentals- with DC's rental voucher program, you can count on annual income of $149k/year as 2BRs, with potential to build up or down and earn $195k as 3BR units, and $240k as 4BR units. The possibilities are endless! Both future buyers and tenants would love the Petworth location - just quick walk o Metro, Safeway, Yes! Organic, and restaurants. Perfect comp (worse condition): 4021 Kansas Ave sold before renovations for $1.25M in April 2019. MLS DCDC103180; check it out at

Last Agent to Sell the Property

David Bediz

RLAH @properties License #0225083068 Listed on: 12/04/2020

RLAH @properties

Last Buyer's Agent

Biniam Berhe

HomeSmart

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,961

Year Built

  • Built in 1939

Lot Details

  • 4,320 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Federal Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,304 Sq Ft Home
  • Ceiling Fan
  • City Views

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces
  • Private Parking
  • Paved Parking
  • Surface Parking
  • Parking Space Conveys

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 2909//0095

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,961

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1939
  • Automatically Close On Close Date: Yes
  • Remarks Public: **POSSIBLE CAPITALIZATION RATE UP TO 11.6%!!!** This four-unit building in the heart of Petworth is the perfect property to develop, invest, or call home! Building features 2 1BR+Den and 2 2BR units, so ideal for those working from home these days. Hardwood floors, gas cooking, radiator heat and well-maintained kitchens and bathrooms are just a few other highlights of each unit. The building has great outdoor space and PRIVATE PARKING for 4 CARS! The property has a Certificate of Occupancy for 4 units with the ability to expand 10 feet back, add a level above, and dig out the basement to create four enormous units (up to 4 bedrooms each!) to rent or sell. Speaking of rentals- with DC's rental voucher program, you can count on annual income of $149k/year as 2BRs, with potential to build up or down and earn $195k as 3BR units, and $240k as 4BR units. The possibilities are endless! Both future buyers and tenants would love the Petworth location - just quick walk o Metro, Safeway, Yes! Organic, and restaurants. Perfect comp (worse condition): 4021 Kansas Ave sold before renovations for $1.25M in April 2019. MLS DCDC103180; check it out at https://matrix.brightmls.com/DE.asp?ID=18113657548
  • Special Features: VirtualTour

Interior Features

  • Appliances: Disposal, Microwave, Oven/Range - Gas, Refrigerator, Water Heater, Range Hood
  • Flooring Type: Hardwood, Ceramic Tile
  • Fireplace: No
  • Total Sq Ft: 2304
  • Living Area Sq Ft: 2304
  • Price Per Sq Ft: 422.31
  • Above Grade Finished Sq Ft: 2304
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4017

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Parking Space Conveys, Paved Parking, Private, Surface
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • 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

Lot Info

  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4320.00
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: RF-1
  • In City Limits: Yes

Rental Info

  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6961.00
  • Assessor Parcel Number: 2909//0095
  • Tax Lot: 95
  • Tax Total Finished Sq Ft: 2304
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 01/15/2021

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
Dec 4, 2020
Closed on
Jan 13, 2021
Sold by
Medina Brenda M and Medina Angel L
Bought by
Birhanu Betelheme G and Berhe Biniam
Seller's Agent
David Bediz
RLAH @properties
Buyer's Agent
Biniam Berhe
HomeSmart
List Price
$973,000
Sold Price
$1,000,000
Premium/Discount to List
$27,000
2.77%
Current Estimated Value
$1,165,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,593
Avg. Annual Appreciation
2.78%
Original Mortgage
$750,000
Outstanding Balance
$672,436
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$464,295

Purchase Details

Closed on
May 5, 1998
Sold by
Hud Housing Urban Development
Bought by
Medina + Brenda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,372
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 1996
Sold by
Gmac Mtg Corp Pa
Bought by
Sec Of Hud

Purchase Details

Closed on
Aug 28, 1995
Sold by
Theodore Frances P
Bought by
Gmac Mtg Corp
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
Birhanu Betelheme G $1,000,000 Kvs Title Llc
Medina + Brenda M $70,000 --
Sec Of Hud $144,425 --
Gmac Mtg Corp $144,425 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birhanu Betelheme G $750,000
Previous Owner Medina + Brenda M $39,372
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $1,000,000 +2.8% $434 / Sq Ft
12/08/2020 12/08/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $973,000 -- $422 / 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 $8,750 $1,029,410 $556,760 $472,650
2023 $8,603 $1,012,120 $546,830 $465,290
2022 $8,067 $949,090 $511,010 $438,080
2021 $7,263 $854,520 $503,450 $351,070
2020 $6,962 $819,030 $474,900 $344,130
2019 $6,752 $794,410 $461,940 $332,470
2018 $6,355 $747,620 $0 $0
2017 $6,215 $731,140 $0 $0
2016 $5,606 $659,560 $0 $0
2015 $5,401 $635,360 $0 $0
2014 $4,364 $513,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Bediz

    Seller's Agent in 2021

    David Bediz

    Real Living at Home

    (202) 352-8456

    4 in this area

    218 Total Sales

    David Bediz
    Section Image
  • Biniam Berhe

    Buyer's Agent in 2021

    Biniam Berhe

    HomeSmart

    (703) 963-3652

    1 in this area

    10 Total Sales

    Biniam Berhe
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DCDC499574

Bright MLS

APN: 2909-0095

District of Columbia District of Columbia County Washington 20011 16th Street Heights

4017 Kansas Ave NW, Washington, DC

This home is located at 4017 Kansas Ave NW, Washington, DC 20011 since 04 December 2020 and is currently estimated at $1,165,593, approximately $505 per square foot. This property was built in 1939. 4017 Kansas Ave NW is a home located in District of Columbia with nearby schools including Powell Elementary School, MacFarland Middle School, and Roosevelt High School @ MacFarland.

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