$745,000
●
Condo -
Off Market
1017 SPRING RD NW #2
WASHINGTON, DC 20010
3 Beds
3 Baths,
1
Half Bath
1,505 Ft²
$750,283
RealtyHop Estimate
0.71%
Since May 1, 2023
DC-Washington
Primary Model
About This Property
Welcome to The Rows at Spring Flats, a 10 Unit, boutique,
Townhouse-Style new construction project. All 10 units are
appointed with 3 large bedrooms, 2 full bathrooms, a first floor
powder room, modern appliances, hardwood floors, and abundant
natural light. These units are completely newly built including the
exteriors. Enjoy the convenience of a private secured parking space
that is Included in the price of the unit (normally a 20-30
thousand dollar expense). Each townhome is separately deeded you
can close and move in 10-60 days!
While this is a boutique building, it comes with [contracted] access to Spring Flats community gym and outdoor space. The location of these units is amazing - only .5 miles away from the Petworth Metro (Green and Yellow line).
There are so many wonderful restaurants near by in Columbia Heights and Petworth. The Coupe, Hook Hall, Queens English, Call Your Mother, El Chucho, Red Rocks, Mr. Braxton, to name a few.
While this is a boutique building, it comes with [contracted] access to Spring Flats community gym and outdoor space. The location of these units is amazing - only .5 miles away from the Petworth Metro (Green and Yellow line).
There are so many wonderful restaurants near by in Columbia Heights and Petworth. The Coupe, Hook Hall, Queens English, Call Your Mother, El Chucho, Red Rocks, Mr. Braxton, to name a few.
Unit Size
1,505 Ft²
Days on Market
-
Land Size
-
Price per sqft
$495
Property Type
Condo
Property Taxes
$298
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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: 4 years ago (Bright MLS #DCDC2088076)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2023 | Sold | ||
| Sold | |||
| Mar 18, 2023 | In contract | - | |
| In contract | |||
| Mar 16, 2023 | Listed by Compass | $745,000 | |
| Listed by Compass | |||
| Nov 20, 2022 | No longer available | - | |
| No longer available | |||
| Sep 23, 2022 | Listed by Compass | $775,000 | |
| Listed by Compass | |||
| | |||
|
2% seller credit to buy down your mortgage rate offered for contracts by 12/31. 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. Have your agent show the model unit that is furnished in the 1023 Spring building. The manager has listed the unit size as 1686 square feet.
| |||
Property Highlights
Air Conditioning
Garage
Parking Details
Has Garage
Garage Features: Garage - Rear Entry, Garage Door Opener
Parking Features: Attached Garage
Attached Garage Spaces: 1
Garage Spaces: 1
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on 1st Upper Level: 3
Full Bathrooms on 1st Upper Level: 2
Living Area Square Feet Source: Estimated
Exterior Details
Ownership Interest: Condominium
Property Condition: Excellent
Year Built Source: Estimated
Foundation Details: Slab
Other Structures: Above Grade, Below Grade
Structure Type: End of Row/Townhouse
Construction Materials: Brick
No Pool
Tidal Water: N
Land Assessed Value: $745,000
Finished Square Feet: 1505
Finished Square Feet Source: 1505
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $3,577
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $745,000
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: Common Grounds, Fitness Center, Party Room
Condo/Coop Fee: $341
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: John Shorb
Compass
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# DCDC2088076
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Compass
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# DCDC2088076
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