See Home Value
$563,000
House - Off Market

1242 FARADAY PL NE

WASHINGTON, DC 20017
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1120 Sqft
$549,706
RealtyHop Estimate
-0.04%
Since Nov 1, 2023
DC-Washington
Primary Model

About This Property

This home could be yours for as little as 3% down WITH NO PMI!  

NEWLY RENOVATED!  3BR/3.5BA with Basement Bonus Room & separate exterior entrance.  Lots of natural light pours into this home.  New open concept LR/DR/kitchen with curved island.   The Primary bedroom has its own bathroom.  The lower level is finished with new flooring, recessed lighting, a full bath & a Bonus Room that can easily be used as a 4th Bedroom.

The possibilities for the lower level are endless... Airbnb, rental, guests, aging parents, au pair quarters or running your small business from home.  It has its own entrance with easy access to two off street parking spots.  

A few minutes from up and coming The Art Place at Fort Totten, a new destination for shopping, dining complete with a performance venue & Children's museum.  Lots of new construction ongoing nearby. Walking distance to Fort Totten's red and green lines.  Just a short drive to Silver Spring, Hyattsville, downtown D.C. & 495.
Unit Size
1,120Ft²
Days on Market
154 days
Land Size
0.04 acres
Price per sqft
$491
Property Type
House
Property Taxes
$106
HOA Dues
-
Year Built
1944
Last updated: 7 months ago (Bright MLS #DCDC2096676)

Price History

Date / Event Date Event Price
Oct 27, 2023 Sold $563,000
Sold
Oct 10, 2023 In contract -
In contract
Sep 27, 2023 Price Decreased $549,900
↓ $25K (4.4%)
Price Decreased
Sep 17, 2023 Price Decreased $574,900
↓ $10K (1.7%)
Price Decreased
Aug 20, 2023 Price Decreased $584,999
↓ $10K (1.7%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 560
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,892
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 1,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIGGS PARK
  • Land Acres: 0.043
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Road (right-of-way)
  • Legal Description 1: SQUARE 3909 LOT 0014 NBHD: RIGGS PARK

Ownership

  • Current Owner : RESTORATION REAL ESTATE LLC
  • Previous Owner : SAMUEL W CARSON TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: District of Columbia Public Schools
  • Census Tract: 009503

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 07-0783B
  • Parcel: 3909- -0014
  • Block: 3909
  • Lot: 14
  • Municipality: WARD 5
  • Latitude: 38.9511
  • Longitude: -76.9883

    Address

  • Full Address: 1242 Faraday Pl Ne
  • Address - House Number: 1242
  • Street Segment Direction: NE
  • Address - Street Name: Faraday
  • Address - Suffix Type: Pl
  • State: DC
  • City Name: Washington
  • Carrier Code: C023
  • 4-Digit Zip Code: 2814
  • Zip Code: 20017

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,634
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.078
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 94
  • Final Value: 529,029
  • High Value: 570,294
  • Low Value: 487,764

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $563,000
  • First Open Lien Mortgage Lender: LOCKHART TIANA
  • First Open Lien Mortgage Recording Date: Nov 08, 2023
  • First Open Lien Mortgage Loan Amount: $563,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $469,300
  • Market Land Value: $288,230
  • Market Improvement Value: $181,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $469,300
  • Assessed Land Value: $288,230
  • Assessed Improvements Value: $181,070

    Sales

  • Current Sale Contract Date: Dec 27, 2022
  • Current Sale Recording Date: Jan 05, 2023
  • Current Sale Transaction ID: 11900744540
  • Current Sale Price: $415,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1106

    Last Sale Mortgage

  • First Mortgage Lender: KIAVI FUNDING INC
  • First Mortgage Transaction Date: Jan 05, 2023
  • First Mortgage Loan Amount: $488,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
1,116 ft²
$549/ft²
$612,200 Jan 19, 2020
$612,200 Mar 9, 2020
-
House
3 Beds
2 Baths
1,140 ft²
$474/ft²
$540,000 Feb 12, 2023
$540,000 Jun 22, 2023
-
House
3 Beds
2 Baths
1,152 ft²
$407/ft²
$469,000 Jul 12, 2022
$469,000 May 1, 2023
-
House
3 Beds
3 Baths
1,088 ft²
$506/ft²
$550,000 May 20, 2023
$550,000 Jun 9, 2023
-
House
3 Beds
2 Baths
1,056 ft²
$502/ft²
$530,000 Oct 13, 2022
$530,000 Sep 13, 2023
-
House
3 Beds
3 Baths
1,120 ft²
$565/ft²
$633,000 May 25, 2023
$633,000 Aug 22, 2023
-
House
3 Beds
2 Baths
1,118 ft²
$455/ft²
$509,000 Mar 23, 2023
-
-
House
3 Beds
2 Baths
1,116 ft²
$448/ft²
$499,999 Aug 16, 2023
-
-
House
3 Beds
2 Baths
1,188 ft²
$438/ft²
$520,000 Oct 7, 2023
-
-
House
3 Beds
1 Bath
1,188 ft²
$396/ft²
$469,999 Sep 4, 2023
-
-
House
3 Beds
3 Baths
1,218 ft²
$486/ft²
$592,449 Jul 16, 2023
-
-
House
3 Beds
3 Baths
1,594 ft²
$322/ft²
$512,500 Jan 4, 2023
-
-

About Northeast Washington


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Frequently Asked Questions

When was property at 1242 Faraday Place Northeast built and last sold?
The property at 1242 Faraday Place Northeast was built in 1944 and last sold on Dec 27, 2022 for $415,000.
How much is this home worth?
The estimated value of the home located at 1242 Faraday Place Northeast is $589,774.
What are some comparable homes to 1242 Faraday Place Northeast?
Homes that are comparable to 1242 Faraday Place Northeast include a house property at 4909 7th Place Northeast, 4700 6th Place Northeast, 2007 Chillum Road.

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