NOT LISTED FOR SALE

412 Mellon St SE Washington, DC 20032

Congress Heights Neighborhood

Estimated Value: $194,000

-- Bed
1 Bath
3,200 Sq Ft
$61/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $836,000 $261 Per Sq Ft

Current estimated payment $1,224/month

84 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Tray Ceiling
  • Deck
  • Upgraded Countertops
  • Patio

About This Home

As of November 2023

This rare gem is a 75% vacant apartment building that was recently renovated. This is a turn-key investment that has possibilities for renting OR turning each unit into condos down the road (condos across the street have sold for $300k+) The neighborhood has immense potential with all of the huge developments going into Congress Heights! *THE NEW DCHA RATES FOR THIS NEIGHBORHOOD HAVE GONE UP TO $1655/UNIT AS ESTIMATED ON THEIR AFFORDABLE HOUSING TOOL, WHERE THREE UNITS COVER $4,900*

When interest rates come back down, properties like these have a tendency to become unaffordable! This is your chance to get in at a great price and refinance down the road to make your cashflow even stronger! Do not miss it!

Last Agent to Sell the Property

Russ Brown

Realty One Group Performance, LLC Listed on: 07/19/2023

Realty One Group Performance, LLC

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,929

Year Built

  • Built in 1942 | Remodeled in 2022

Lot Details

  • 2,800 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Permanent Foundation

Interior Spaces

  • 3,200 Sq Ft Home
  • Open Floorplan
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Parking

  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5997//2001

Community Details

Overview

  • 4 Units
  • 2-Story Building
  • Congress Heights Community

Building Details

  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,929

Year Built

Built in 1942 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1942
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: NewHome
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Stove, Washer/Dryer Stacked
  • Flooring Type: Hardwood, Laminated
  • Interior Amenities: Upgraded Countertops, Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, Tray Ceilings
  • Foundation Details: Permanent
  • Basement: No
  • Total Sq Ft: 3200
  • Living Area Sq Ft: 3200
  • Price Per Sq Ft: 268.44
  • Above Grade Finished Sq Ft: 3200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 412

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Road Surface Type: Paved
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Water Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: No

Schools

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

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2800.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2023
  • Zoning: R3
  • In City Limits: No

Rental Info

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

Multi Family

  • Number Of Units Vacant: 3
  • Other Units: Unit 4

Tax Info

  • Tax Annual Amount: 6929.00
  • Assessor Parcel Number: 5997//2001
  • Tax Year: 2023
  • Close Date: 11/22/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2015
Closed on
May 7, 2015
Sold by
412 Mellon Street Llc
Bought by
Breeze Investment Llc
Seller's Agent
Tawa Olanrewaju
Multiplex Realty Inc
Buyer's Agent
Angie Lundy
United Real Estate
List Price
$450,000
Sold Price
$450,000
Total Days on Market
84
Current Estimated Value
$194,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$256,000
Source: Public Records

Range of Values:

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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
Breeze Investment Llc $450,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $836,000 -2.7% $261 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
07/19/2023 07/19/23 For Sale $859,000 +90.9% $268 / Sq Ft
05/07/2015 05/07/15 Sold $450,000 0.0% $646 / Sq Ft
03/12/2015 03/12/15 Pending -- -- --
03/01/2015 03/01/15 For Sale $450,000 -- $646 / 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
2022 $1,411 $179,710 $53,910 $125,800
2021 $1,108 $143,691 $46,130 $97,561
2020 $900 $105,880 $31,760 $74,120
2019 $855 $100,560 $30,170 $70,390
2018 $765 $89,990 $0 $0
2017 $698 $82,170 $0 $0
2016 $700 $82,340 $0 $0
2015 $700 $82,340 $0 $0
2014 -- $91,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Russ Brown

    Seller's Agent in 2023

    Russ Brown

    Realty One Group Performance, LLC

    (202) 256-5964

    2 in this area

    93 Total Sales

    Russ Brown
    Section Image

  • T

    Seller's Agent in 2015

    Tawa Olanrewaju

    Multiplex Realty Inc

    (240) 515-5539

    3 Total Sales

    Tawa Olanrewaju
    Section Image
  • Angie Lundy

    Buyer's Agent in 2015

    Angie Lundy

    United Real Estate

    (571) 268-7977

    6 Total Sales

    Angie Lundy
    Section Image
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Map

Source: Bright MLS

MLS Number: DCDC2104826

Bright MLS

APN: 5997-2001

District of Columbia District of Columbia County Washington 20032 Congress Heights

412 Mellon St SE, Washington, DC

This home is located at 412 Mellon St SE, Washington, DC 20032 since 19 July 2023 and is currently priced at $194,000, approximately $60 per square foot. This property was built in 1942. 412 Mellon St SE is a home located in District of Columbia with nearby schools including King Elementary School, Hart Middle School, and Ballou High School.

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