NOT LISTED FOR SALE

508 Rhode Island Ave NW Washington, DC 20001

Shaw Neighborhood
-- Bed
2 Baths
1,984 Sq Ft
913 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $1,210,000 $610 Per Sq Ft

Highlights

  • Open Floorplan
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Colonial Architecture

About This Home

As of December 2021

Here's your second chance! Phenomenal opportunity to own a multi-family in DC's highly sought-after Shaw neighborhood. Rich with history, the stunning top-to-bottom conversion of this historic DC rowhouse boasts three beautifully designed one bedroom units that will provide amazing cash flow for years to come. Whether you're looking to owner occupy one unit or lease all three - your finances will surely appreciate this brilliant long-term investment. Enjoy close proximity to delightful restaurants, great grocery stores, bars, nightlife and entertainment. Labeled a "Walker's Paradise," you'll never need a car and if you need to move around town, do so easily with quick access to Metrorail, bus, Capital Bike Share, Scooters, and more! Each unit features premium finishes including bamboo floors, quartz counters, designer baths with Porcelenosa tile and Restoration Hardware fixtures and vanities, gas cooking, gorgeous lighting, and NEST thermostats. The building is prepared for condo conversion (fire suppression systems installed) and boasts high caliber insulation and large sound-proof windows. The ground level and first level units are vacant and ready for new tenants of your choosing. Don't miss out on this wonderful investment in DC's hottest neighborhood.

Last Agent to Sell the Property

Mark Meyerdirk

Urban Brokers, LLC Listed on: 10/15/2021

Last Buyer's Agent

Mark Meyerdirk

Urban Brokers, LLC Listed on: 10/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,550

Year Built

  • Built in 1881 | Remodeled in 2015

Lot Details

  • 913 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,984 Sq Ft Home
  • Open Floorplan
  • Brick Wall or Ceiling

Flooring

  • Wood
  • Concrete

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 0476//0020

Community Details

Overview

  • 3 Units
  • Shaw Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,550

Year Built

Built in 1881 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-10-15
  • Year Built: 1881
  • Year Renovated: 2015
  • Automatically Close On Close Date: No
  • Remarks Public: Here's your second chance! Phenomenal opportunity to own a multi-family in DC's highly sought-after Shaw neighborhood. Rich with history, the stunning top-to-bottom conversion of this historic DC rowhouse boasts three beautifully designed one bedroom units that will provide amazing cash flow for years to come. Whether you're looking to owner occupy one unit or lease all three - your finances will surely appreciate this brilliant long-term investment. Enjoy close proximity to delightful restaurants, great grocery stores, bars, nightlife and entertainment. Labeled a "Walker's Paradise," you'll never need a car and if you need to move around town, do so easily with quick access to Metrorail, bus, Capital Bike Share, Scooters, and more! Each unit features premium finishes including bamboo floors, quartz counters, designer baths with Porcelenosa tile and Restoration Hardware fixtures and vanities, gas cooking, gorgeous lighting, and NEST thermostats. The building is prepared for condo conversion (fire suppression systems installed) and boasts high caliber insulation and large sound-proof windows. The ground level and first level units are vacant and ready for new tenants of your choosing. Don't miss out on this wonderful investment in DC's hottest neighborhood.
  • Special Features: None

Interior Features

  • Flooring Type: Concrete, Wood
  • Interior Amenities: Floor Plan - Open
  • Wall Ceiling Types: Dry Wall, Brick
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 1984
  • Living Area Sq Ft: 1984
  • Price Per Sq Ft: 617.44
  • Above Grade Finished Sq Ft: 1984
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 508

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: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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: 543900.00
  • Land Assessed Value: 494380.00
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 913.00
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: RES
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15979900
  • Tax Annual Amount: 8550.00
  • Assessor Parcel Number: 0476//0020
  • Tax Lot: 20
  • Tax Year: 2020
  • Close Date: 12/22/2021

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Dec 23, 2021
Sold by
Saidi Pouria and Paknejad Dona
Bought by
Higgins Maccallister
Seller's Agent
Mark Meyerdirk
Urban Brokers, LLC
Buyer's Agent
Mark Meyerdirk
Urban Brokers, LLC
List Price
$1,225,000
Sold Price
$1,210,000
Premium/Discount to List
-$15,000
-1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.77%
Original Mortgage
$1,188,083
Outstanding Balance
$1,099,902
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$32,122

Purchase Details

Listed on
Jul 13, 2014
Closed on
Feb 27, 2015
Sold by
Webster Denise A
Bought by
Saidi Pouria and Paknejad Dona
Seller's Agent
Denise Wright
Aspen Real Estate Services LLC
Buyer's Agent
Dan MacDonald
TTR Sotheby's International Realty
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%
Original Mortgage
$787,500
Interest Rate
3.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 1995
Sold by
Gorham Gregory P
Bought by
Simms Ronald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.49%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Higgins Maccallister $1,210,000 Kvs Title Llc
Saidi Pouria $650,000 --
Simms Ronald W $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Higgins Maccallister $1,188,083
Previous Owner Saidi Pouria $850,000
Previous Owner Saidi Pouria $787,500
Previous Owner Simms Ronald W $108,000
Closed Simms Ronald W $6,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $1,210,000 -1.2% $610 / Sq Ft
11/23/2021 11/23/21 For Sale $1,225,000 0.0% $617 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $1,225,000 +88.5% $617 / Sq Ft
02/27/2015 02/27/15 Sold $650,000 0.0% --
08/23/2014 08/23/14 Pending -- -- --
07/13/2014 07/13/14 For Sale $650,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Meyerdirk

    Seller's Agent in 2021

    Mark Meyerdirk

    Urban Brokers, LLC

    (202) 489-6150

    7 in this area

    134 Total Sales

    Mark Meyerdirk
    Section Image

  • D

    Seller's Agent in 2015

    Denise Wright

    Aspen Real Estate Services LLC

    Section Image
  • Dan MacDonald

    Buyer's Agent in 2015

    Dan MacDonald

    TTR Sotheby's International Realty

    (703) 577-2742

    2 in this area

    62 Total Sales

    Dan MacDonald
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DCDC2017102

Bright MLS
District of Columbia District of Columbia County Washington 20001 Shaw

508 Rhode Island Ave NW, Washington, DC

This home is located at 508 Rhode Island Ave NW, Washington, DC 20001 since 15 October 2021. This property was built in 1881. 508 Rhode Island Ave NW is a home located in District of Columbia with nearby schools including Seaton Elementary School, Cardozo Education Campus, and KIPP DC Public Charter School.

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