NOT LISTED FOR SALE

Estimated Value: $1,704,416 - $2,127,000

Studio
6 Baths
5,332 Sq Ft
$359/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $1,785,000 $335 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $11,135/month

7 Days on Market

Highlights

  • No HOA
  • 5-minute walk to Eastern Market
  • 3-minute walk to Eastern Market Metro Park
  • 90% Forced Air Heating and Cooling System

About This Home

As of September 2018

Fabulous development opportunity right off of Barracks Row & Eastern Market. Five large units, only 4 C of O's with an extra laundry room & huge storage space. Three units currently occupied & two vacant. Two first floor units can be combined w/ the basement to create two story units,or storage/laundry area can be made into a 6th unit. Keep the building for the rental income or convert to condos

Last Agent to Sell the Property

Genie Hutinet

(202) 657-0970 genie.hutinet@cbmove.com Barley & Barley Real Estate Listed on: 06/11/2018

Co-Listed By

Peter Frias

(202) 938-0228 elbonsivad@aol.com Samson Properties

Last Buyer's Agent

Meredith Margolis

(301) 298-1001 Meredith.Margolis@compass.com Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,501

Year Built

  • Built in 1936

Lot Details

  • 2,285 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Combination Foundation

Partially Finished Basement

  • Connecting Stairway
  • Rear Basement Entry

Parking

  • On-Street Parking
  • Rented or Permit Required

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 837
  • Assessor Parcel Number 0903//0837

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Capitol Hill Subdivision

Building Details

  • Operating Expense $66,368

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,501

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1936
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Rear Entrance, Connecting Stairway, Combination, Improved, Partially Finished

Exterior Features

  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 1010460.00
  • Land Assessed Value: 491280.00
  • Lot Size Acres: 0.05
  • Lot Size Area: 2285
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2285.00
  • Soil Types: Unknown
  • Zoning: 0000
  • In City Limits: Yes

Rental Info

  • Lease Term: Negotiable
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15990808
  • Tax Annual Amount: 12500.78
  • Assessor Parcel Number: 0903//0837
  • Tax Lot: 837
  • Tax Year: 2017

Multi Family

  • Gross Income: 102695.76
  • Operating Expense: 66367.91
  • Vacancy Allowance Rate: 50.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2018
Closed on
Sep 6, 2018
Sold by
Goodman/Myers Pa
Bought by
Gme 712 G Street Llc
Seller's Agent
Genie Hutinet
Barley & Barley Real Estate
Buyer's Agent
Meredith Margolis
Compass
List Price
$1,800,000
Sold Price
$1,785,000
Premium/Discount to List
-$15,000
-0.83%
Current Estimated Value
$1,915,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,708
Avg. Annual Appreciation
0.96%
Original Mortgage
$518,500
Outstanding Balance
$450,296
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$1,465,412
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gme 712 G Street Llc $1,785,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gme 712 G Street Llc $518,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2018 09/07/18 Sold $1,785,000 -0.8% $335 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $1,800,000 -- $338 / Sq Ft
Source: Bright MLS

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
2025 $14,132 $1,662,620 $659,910 $1,002,710
2024 $14,538 $1,710,370 $659,910 $1,050,460
2023 $14,491 $1,704,770 $646,970 $1,057,800
2022 $14,551 $1,711,870 $646,970 $1,064,900
2021 $14,572 $1,714,400 $646,970 $1,067,430
2020 $14,380 $1,691,770 $588,160 $1,103,610
2019 $13,267 $1,560,790 $534,690 $1,026,100
2017 $12,501 $1,470,680 $0 $0
2016 $10,159 $1,195,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001820772

Bright MLS

APN: 0903-0837