NOT LISTED FOR SALE

838 Varnum St NW Unit 1 Washington, DC 20011

Petworth Neighborhood

Estimated Value: $257,000

2 Beds
2 Baths
939 Sq Ft
$136/mo HOA Fee

Last Sold July 29, 2022

Last sale price $249,900 $266 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,499/month

Highlights

  • New Construction
  • Contemporary Architecture
  • Stainless Steel Appliances
  • Open Floorplan
  • Wood Flooring
  • 4-minute walk to Petworth Recreation Center

About This Home

As of July 2022

**Non-Lottery IZ Condo Sale Only** Brand New 2BR | 2BA pet-friendly condominium in the heart of Petworth. The natural light and stunning hardwood floors are just two of the things you'll LOVE about this condo! This modern and beautiful home offers an open floor plan featuring a great contemporary kitchen, stainless steel appliances, fun spaces for entertaining, 2 wonderful bedrooms and good closet space + Low condo fees. Walk Score 95! Just blocks to everything Petworth has to offer including coffee shops, restaurants, nightlife, Metro and more!

Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. Please contact the Department of Housing and Community Development. The availability of such units and requirements for registration in the Inclusionary Zoning program.

The minimum occupancy requirement of at least 1 person per bedroom.

About IZ sale units:
The unit must remain the owner’s continued primary residence throughout their ownership.
The household must divest of any other housing ownership before closing on the IZ unit.
The unit may not be rented out, in part or in full, for any length of time and via any method without prior written consent from DHCD. Temporary rentals including AirBnb or similar style rentals are never permitted.

There are perpetual resale price and term restrictions on the unit. The owner must contact DHCD to obtain a maximum resale price and receive further instructions prior to listing the unit for sale or refinancing the mortgage.

This unit is available via the IZ lottery process only. To become eligible for the next IZ purchase lotteries, complete steps 1, 2 and 3.

Household income and size will be verified by the current designated DHCD Certifying Entity, which as of 1/13/22 is Housing Counseling Services, Inc. (HCS).

Sales: The names of all the household member (adults and children) will be listed on the Certification of Income, Affordability & Housing Size form (COIAHS) issued by HCS. The COIAHS becomes an exhibit to the contract. All adults must also sign a Declaration of Eligibility and those Declarations of Eligibly will be attached to and recorded with the deed. The primary applicant listed on the lottery selectee list or waitlist must be on title. It’s up to the applicant whether they add any other adults from the COIAHS to the title. Someone from outside the household (not on the COIAHS) cannot be on the title.

Last Agent to Sell the Property

D'Ann Lanning

(951) 315-6534 dann@trentandco.com Compass Listed on: 02/14/2022

Compass

Last Buyer's Agent

Rick Woler

(267) 261-9932 rick@trentandco.com Compass License #681868

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,842

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Property is in excellent condition

HOA Fees

  • $136 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 939 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Recessed Lighting
  • Wood Flooring

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 2037
  • Assessor Parcel Number 3024//2037

Community Details

Overview

  • Association fees include exterior building maintenance, gas, reserve funds, sewer, snow removal, trash, water
  • Low-Rise Condominium
  • Petworth Community
  • Petworth Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,842

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$136 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: Yes
  • Story List: Main
  • Expected On Market: 2022-02-17
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: **Non-Lottery IZ Condo Sale Only** Brand New 2BR | 2BA pet-friendly condominium in the heart of Petworth. The natural light and stunning hardwood floors are just two of the things you'll LOVE about this condo! This modern and beautiful home offers an open floor plan featuring a great contemporary kitchen, stainless steel appliances, fun spaces for entertaining, 2 wonderful bedrooms and good closet space + Low condo fees. Walk Score 95! Just blocks to everything Petworth has to offer including coffee shops, restaurants, nightlife, Metro and more! Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. Please contact the Department of Housing and Community Development. The availability of such units and requirements for registration in the Inclusionary Zoning program. The minimum occupancy requirement of at least 1 person per bedroom. About IZ sale units: The unit must remain the owner’s continued primary residence throughout their ownership. The household must divest of any other housing ownership before closing on the IZ unit. The unit may not be rented out, in part or in full, for any length of time and via any method without prior written consent from DHCD. Temporary rentals including AirBnb or similar style rentals are never permitted. There are perpetual resale price and term restrictions on the unit. The owner must contact DHCD to obtain a maximum resale price and receive further instructions prior to listing the unit for sale or refinancing the mortgage. This unit is available via the IZ lottery process only. To become eligible for the next IZ purchase lotteries, complete steps 1, 2 and 3. Household income and size will be verified by the current designated DHCD Certifying Entity, which as of 1/13/22 is Housing Counseling Services, Inc. (HCS). Sales: The names of all the household member (adults and children) will be listed on the Certification of Income, Affordability & Housing Size form (COIAHS) issued by HCS. The COIAHS becomes an exhibit to the contract. All adults must also sign a Declaration of Eligibility and those Declarations of Eligibly will be attached to and recorded with the deed. The primary applicant listed on the lottery selectee list or waitlist must be on title. It’s up to the applicant whether they add any other adults from the COIAHS to the title. Someone from outside the household (not on the COIAHS) cannot be on the title.
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Entry Floor: 1
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Floor Plan - Open, Recessed Lighting, Stall Shower, Tub Shower, Wood Floors
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 939
  • Living Area Sq Ft: 939
  • Price Per Sq Ft: 266.13
  • Above Grade Finished Sq Ft: 939
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 838

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 136.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Gas, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

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: 163850.00
  • Land Assessed Value: 69000.00
  • Property Condition: Excellent
  • Soil Types: Unknown
  • Year Assessed: 2021
  • Zoning: UNKOWN
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 24597077
  • Tax Annual Amount: 1842.00
  • Assessor Parcel Number: 3024//2037
  • Tax Lot: 2037
  • Tax Total Finished Sq Ft: 924
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/29/2022

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Jul 29, 2022
Sold by
Abct Development2 Llc
Bought by
Jones Essence
Seller's Agent
D'Ann Lanning
Compass
Buyer's Agent
Rick Woler
Compass
List Price
$277,200
Sold Price
$249,900
Premium/Discount to List
-$27,300
-9.85%
Current Estimated Value
$257,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,100
Avg. Annual Appreciation
0.88%
Original Mortgage
$174,149
Interest Rate
8.1%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Jones Essence $249,900 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jones Essence $174,149
Closed Jones Essence $174,149
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2022 07/29/22 Sold $249,900 0.0% $266 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
04/19/2022 04/19/22 Price Changed $249,900 -9.8% $266 / Sq Ft
02/14/2022 02/14/22 For Sale $277,200 -- $295 / 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
2024 -- $278,240 $69,000 $209,240
2023 $0 $243,370 $69,000 $174,370
2022 $1,862 $232,850 $69,000 $163,850
2021 $1,842 $230,000 $69,000 $161,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2036076

Bright MLS

APN: 3024-2037