NOT LISTED FOR SALE

616 Mellon St SE Washington, DC 20032

Congress Heights Neighborhood
Studio
5 Baths
2,788 Sq Ft
4,800 Sq Ft Lot

Sale Details

Date Sold: June 11, 2015

Last sale price $300,000 $108 Per Sq Ft

87 Days on Market

About This Home

As of June 2015

Ignore DOM, contract fell through.CASH COW / HOMELAND SECURITY REDEVELOPMENT. 4-Unit in good condition! 2 vacants & 2 occupied by well paying tenants! Perfect for landlord to occupy one and get mortgage paid w/ tenant rents from other 3 or rent all 4! Pre-framed addition for storage or for convert. to a 2br! 620 Mellon also for sale. $3100 MONTHLY INCOME! No FHA

Last Agent to Sell the Property

Malika C. Jackson

(301) 445-1395 generalmanager@smartrealtymd.com Smart Realty, LLC Listed on: 12/29/2014

Smart Realty, LLC

Last Buyer's Agent

Burks Holland

(301) 769-6388 btholland3@gmail.com Bankers Real Estate Brokerage Firm LLC. License #BR98366250

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 1936

Lot Details

  • 4,800 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 5983//0041

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units
  • Congress Heights Subdivision

Building Details

  • Operating Expense $7,451
  • Net Operating Income $28,789

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,700

Year Built

Built in 1936

Lot Details

4,800 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: No
  • Price Per Sq Ft: 118.01

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • 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: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • HOA: No

Lot Info

  • Improvement Assessed Value: 88070.00
  • Land Assessed Value: 111890.00
  • Lot Size Acres: 0.11
  • Lot Size Area: 4800
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4800.00
  • Soil Types: Unknown
  • Zoning: R
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16105831
  • Tax Annual Amount: 1699.66
  • Assessor Parcel Number: 5983//0041
  • Tax Lot: 41
  • Tax Year: 2013

Multi Family

  • Gross Income: 36247.00
  • Operating Expense: 7451.00
  • Vacancy Allowance Rate: 50.00

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

Closed on
May 17, 2017
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
$300,000
Interest Rate
0.0408%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 29, 2014
Closed on
Jun 9, 2015
Sold by
Bought by
Seller's Agent
Malika C. Jackson
Smart Realty, LLC
Buyer's Agent
Burks Holland
Bankers Real Estate Brokerage Firm LLC.
List Price
$347,000
Sold Price
$300,000
Premium/Discount to List
-$47,000
-13.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
0.0365%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2001
Sold by
Bought by

Purchase Details

Closed on
May 29, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$400,000 None Available
$300,000 --
$300,000 --
$115,500 --
$42,270 --
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 $451,000
Closed $300,000
Previous Owner $480,000
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
06/11/2015 06/11/15 Sold $300,000 -13.5% $108 / Sq Ft
03/26/2015 03/26/15 Pending -- -- --
12/29/2014 12/29/14 For Sale $347,000 -- $124 / 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 $5,130 $603,510 $163,060 $440,450
2024 $4,996 $587,770 $158,880 $428,890
2023 $4,812 $566,120 $154,370 $411,750
2022 $4,358 $512,660 $147,220 $365,440
2021 $3,936 $463,050 $143,520 $319,530
2020 $3,642 $428,440 $135,500 $292,940
2019 $3,518 $413,830 $132,530 $281,300
2018 $2,544 $299,320 $0 $0
2017 $2,494 $293,360 $0 $0
2016 $2,043 $240,400 $0 $0
2015 $1,837 $216,160 $0 $0
2014 $1,686 $198,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Malika C. Jackson

    Seller's Agent in 2015

    Malika C. Jackson

    Smart Realty, LLC

    (202) 717-3611

    54 Total Sales

    Malika C. Jackson
    Section Image
  • Burks Holland

    Buyer's Agent in 2015

    Burks Holland

    Bankers Real Estate Brokerage Firm LLC.

    (240) 417-7987

    22 Total Sales

    Burks Holland
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003286520

Bright MLS

APN: 5983 0041

District of Columbia District of Columbia County Washington 20032 Congress Heights

616 Mellon St SE, Washington, DC

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