$499,000
●
Condo -
Off Market
1017 SPRING RD NW #1
WASHINGTON, DC 20010
3 Beds
3 Baths,
1
Half Bath
1,505 Ft²
$2,451
Est. Monthly
About This Property
***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 at www.dhcd.dc.gov regarding the availability of such units and requirements for
registration in the Inclusionary Zoning program.*** This is an IZ Unit. Minimum 3 person household. Total maximum annual incomes (pre-tax amounts, projected over the next 12 months) for all persons who will live in this 100% MFI unit, by household size: $136,900 (3 people) $152,100 (4 people) $167,300 (5 people) $182,500 (6 people) $197,750 (7 people). Combine IZ program with HPAP or other DC home buyer programs!
Welcome to The Rows at Spring Flats, a 10 Unit Townhouse-Style NEW CONSTRUCTION project on the grounds of the former Hebrew Home and former Paul Robeson School. Each 2-story townhouse style condominium boasts a minimum of 1500 square feet. All 10 units are appointed with 3 bedrooms, 2.5 bathrooms, and modern appliances. Private off-street secure parking (1 spot per unit). Includes [contracted] access to Spring Flats community gym, outdoor spaces, and community rooms. Pets ok without size restriction. Close proximity to public transportation -including and a neighborhood setting that boasts walkability make The Rows at Spring Flats a transit-oriented development. Close to restaurants, beer gardens, coffee shops, Columbia Heights and Georgia Ave Petworth Metro. Pictures are of model unit.
available at this development. Please contact the Department of Housing and Community
Development at www.dhcd.dc.gov regarding the availability of such units and requirements for
registration in the Inclusionary Zoning program.*** This is an IZ Unit. Minimum 3 person household. Total maximum annual incomes (pre-tax amounts, projected over the next 12 months) for all persons who will live in this 100% MFI unit, by household size: $136,900 (3 people) $152,100 (4 people) $167,300 (5 people) $182,500 (6 people) $197,750 (7 people). Combine IZ program with HPAP or other DC home buyer programs!
Welcome to The Rows at Spring Flats, a 10 Unit Townhouse-Style NEW CONSTRUCTION project on the grounds of the former Hebrew Home and former Paul Robeson School. Each 2-story townhouse style condominium boasts a minimum of 1500 square feet. All 10 units are appointed with 3 bedrooms, 2.5 bathrooms, and modern appliances. Private off-street secure parking (1 spot per unit). Includes [contracted] access to Spring Flats community gym, outdoor spaces, and community rooms. Pets ok without size restriction. Close proximity to public transportation -including and a neighborhood setting that boasts walkability make The Rows at Spring Flats a transit-oriented development. Close to restaurants, beer gardens, coffee shops, Columbia Heights and Georgia Ave Petworth Metro. Pictures are of model unit.
Unit Size
1,505 Ft²
Days on Market
31 days
Land Size
-
Price per sqft
$332
Property Type
Condo
Property Taxes
$298
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Bright MLS #DCDC2132616)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2024 | Sold | ||
| Sold | |||
| Mar 15, 2024 | In contract | - | |
| In contract | |||
| Mar 14, 2024 | Listed by Compass | $499,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Parking Features: Off Street, Driveway
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on 1st Lower Level: 3
Full Bathrooms on 1st Lower Level: 2
Interior Features: Floor Plan - Open, Kitchen - Gourmet, Wood Floors
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Flooring Type: Wood
Living Area Square Feet Source: Estimated
Laundry Type: Dryer In Unit, Washer In Unit
Exterior Details
Ownership Interest: Condominium
Property Condition: Excellent
Year Built Source: Estimated
Builder Name: Brinshore
Builder Name: Brinshore
Construction Not Completed
Foundation Details: Slab
Other Structures: Above Grade
Structure Type: Interior Row/Townhouse
Window Features: Double Pane
Construction Materials: Brick Front
Building Name: NONE AVAILABLE
No Pool
Tidal Water: N
Land Assessed Value: $442,520
Finished Square Feet: 1505
Finished Square Feet Source: Estimated
Financial Details
City Town Tax: $3,577
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $442,520
Tax Year: 2022
Tax Annual Amount: $3,577
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Reserve Funds, Snow Removal, Trash, Sewer, Management, Water
HOA/Condo/Coop Amenities: Fitness Center, Party Room
Condo/Coop Fee: $400
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/14/2024
|
3 Bed
|
3 Bath
|
1505 ft²
|
$499,000
3 Bed
3 Bath
1505 ft²
|
$499,000
04/15/2024
|
Mark Rutstein
Compass
| |
|
09/23/2022
|
3 Bed
|
3 Bath
|
1686 ft²
|
$775,000
3 Bed
3 Bath
1686 ft²
|
-
-
|
Mark Rutstein
Compass
|
Building Info
1017 Spring Road Northwest
1017 Spring Road Northwest, Washington, DC 20010
About Northwest Washington
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Listed by: Stephen Rutgers
Compass
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# DCDC2132616
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Compass
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# DCDC2132616
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