Kevin Carlson
Compass
(202) 517-2883
152 Total Sales
2 in 16th Street Heights
$638K - $800K Price Range
4600 13th St NW Washington, DC 20011
16th Street Heights Neighborhood
Studio
7
Baths
3,962
Sq Ft
4,372
Sq Ft Lot
Highlights
- Traditional Architecture
- Central Air
- 5-minute walk to Turtle Park
- 1 Car Detached Garage
- Heat Pump System
About This Home
As of May 2023The Opportunity: This four-unit property has two newly updated three-bedroom units, one newly updated two-bedroom unit, and one one- bedroom unit and is located in the attractive 16th Street Heights submarket of NW Washington D.C. The building has undergone significant renovations and will provide stable, low-risk income for new ownership. Additionally, attractive financing options are available for properties with four or less units, adding additional value to the Property.
Proven Value-Add: Current ownership has implemented a significant value-add business plan by renovating and re-leasing the units at high market rents. The three-bedroom units are rented for $3,872, the two-bedroom unit for $2,872 and the one-bedroom unit for $2,467. 98% of the current rent roll is subsidized through housing vouchers, thus limiting risk of non-payment of rent.
Significant Renovations: The property has recently undergone significant renovations in the past year. Three of the four units were fully updated and the roof was replaced in 2021. Unit upgrades include new hardwood flooring, electric stoves, and dishwashers. New ownership will not be required to put additional capital expenditures into the units and will face lower maintenance costs in the future.
Convenient Location: The Property is conveniently located on 13th Street NW and less than a block from the shops, restaurants, and bars of Georgia Avenue NW. Downtown Petworth and Rock Creek Park are within a mile radius. Residents have access to many lifestyle amenities and parks right down the road.
Get Paid to Build Equity: With as little as 5% down on a $1,500,000 loan amortized over 30 years at a 6.5% interest rate, ownership can expect a monthly payment of approximately $9,007, taxes included. With in-place rents averaging $3,271 per unit, new ownership can live in one of the units while still generating $806 of income per month. A fantastic opportunity for anyone looking to live rent free with the benefit of additional income after mortgage payments.
Last Agent to Sell the Property
(202) 280-2722 af@greysteel.com Greysteel Company LLC License #SP200205538 Listed on: 03/16/2023
Last Buyer's Agent
(202) 280-2722 af@greysteel.com Greysteel Company LLC License #SP200205538 Listed on: 03/16/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,956
Year Built
- Built in 1922
Lot Details
- 4,372 Sq Ft Lot
Parking
- 1 Car Detached Garage
- Front Facing Garage
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Brick Foundation
Utilities
- Central Air
- Heat Pump System
- Back Up Electric Heat Pump System
- Electric Water Heater
- Public Septic
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot 39
- Assessor Parcel Number 2814//0039
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 16, 2023
Closed on
May 3, 2023
Sold by
Bought by
Seller's Agent
Ari Firoozabadi
Greysteel Company LLC
Buyer's Agent
Ari Firoozabadi
Greysteel Company LLC
List Price
$1,550,000
Sold Price
$1,400,000
Premium/Discount to List
-$150,000
-9.68%
Views
14
Purchase Details
Listed on
Oct 16, 2020
Closed on
Mar 29, 2021
Sold by
Bought by
Seller's Agent
Dana Scanlon
Keller Williams Capital Properties
Buyer's Agent
Lee Simon
Fairfax Realty Premier
List Price
$1,190,000
Sold Price
$1,115,000
Premium/Discount to List
-$75,000
-6.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%
Original Mortgage
$950,000
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 15, 2014
Sold by
Bought by
Purchase Details
Closed on
Jun 24, 2009
Sold by
Bought by
Purchase Details
Closed on
Oct 6, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
5.78%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in 16th Street Heights, DC
-
Kevin Carlson
-
Christine Gray
Christine Gray
Fathom Realty
(855) 852-8753
46 Total Sales
2 in 16th Street Heights
$425K - $720K Price Range
-
Barak Sky
Barak Sky
Serhant
(240) 363-9670
818 Total Sales
10 in 16th Street Heights
$255K - $1.5M Price Range
-
Wendy Wright
Wendy Wright
KW Metro Center
(202) 902-6564
78 Total Sales
1 in 16th Street Heights
$720,000 Price
-
Chris Owens
Chris Owens
TTR Sotheby's International Realty
(202) 902-6445
73 Total Sales
1 in 16th Street Heights
$1,025,000 Price
-
Heather Sand
Heather Sand
Compass
(667) 207-2804
73 Total Sales
2 in 16th Street Heights
$475K - $735K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,362,500 | Chicago Title | ||
| $1,115,000 | None Available | ||
| -- | -- | ||
| $365,000 | -- | ||
| $665,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $550,000 | ||
| Previous Owner | $950,000 | ||
| Previous Owner | $532,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/04/2023 05/04/23 | Sold | $1,400,000 | 0.0% | $353 / Sq Ft | |
| 04/05/2023 04/05/23 | Pending | -- | -- | -- | |
| 03/24/2023 03/24/23 | Price Changed | $1,400,000 | -9.7% | $353 / Sq Ft | |
| 03/16/2023 03/16/23 | For Sale | $1,550,000 | +39.0% | $391 / Sq Ft | |
| 03/31/2021 03/31/21 | Sold | $1,115,000 | -6.3% | $281 / Sq Ft | View Prior Sale |
| 10/16/2020 10/16/20 | Pending | -- | -- | -- | |
| 10/16/2020 10/16/20 | For Sale | $1,190,000 | -- | $300 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $11,416 | $1,343,110 | $490,060 | $853,050 |
| 2024 | $11,416 | $1,343,020 | $485,160 | $857,860 |
| 2023 | $9,478 | $1,115,000 | $456,700 | $658,300 |
| 2022 | $10,396 | $1,223,020 | $415,730 | $807,290 |
| 2021 | $9,956 | $1,171,300 | $409,610 | $761,690 |
| 2020 | $9,577 | $1,126,670 | $404,500 | $722,170 |
| 2019 | $9,548 | $1,123,240 | $390,240 | $733,000 |
| 2018 | $9,368 | $1,102,130 | $0 | $0 |
| 2017 | $8,553 | $1,006,240 | $0 | $0 |
| 2016 | $8,035 | $945,290 | $0 | $0 |
| 2015 | $7,724 | $908,760 | $0 | $0 |
| 2014 | $7,324 | $861,660 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ari Firoozabadi
Seller's Agent in 2023
Ari Firoozabadi
Greysteel Company LLC
(410) 505-0003
1 in this area
35 Total Sales
-
Dana Scanlon
Seller's Agent in 2021
Dana Scanlon
Keller Williams Capital Properties
(301) 575-4915
1 in this area
94 Total Sales
-
Lee Simon
Buyer's Agent in 2021
Lee Simon
Fairfax Realty Premier
(860) 202-1918
Map
Source: Bright MLS
MLS Number: DCDC2088054
APN: 2814 0039
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The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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