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1331 Riggs Street Northwest

1331 Riggs Street Northwest, Washington, DC 20009
Sold Apr 04, 2017
$1,000,000
$750,000 by Revere Bank
Mortgage
1331 Riggs Street Northwest in Washington, DC was first built in 1977 and is 47 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. In total, the area measurement of the land is 1,837 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of steel. For those who need parking, there is a open garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1331 Riggs Street Northwest sold most recently in Mar 31, 2017 for a total of $1,000,000. If you work out the math, that's approximately a cost of $588.93 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,755 in taxes each year. 1331 Riggs Street Northwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,044,750. If we break it down further, the land itself was valued at $313,420. Improvements to the property, however, were assessed at a total of $731,330. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Roof Shape Type: Flat
  • Roof Cover Type: Steel
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Open
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,837
  • Total Building Area: 1,698
  • Gross Building Area: 1,698
  • Building Area: 1,698
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLD CITY 2
  • Land Acres: 0.042
  • Standard Land Use Code: Condominium unit (residential)
  • County Land Use Code: Surface rights (grazing, timber, coal)
  • Legal Description 1: SQUARE 0239 LOT 2016 NBHD: OLD CITY 2

Ownership

  • Current Owner : 1331 RIGGS STREET LLC A DISTRICT OF COLU
  • Previous Owner : JOSEPH BERNICE
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: District of Columbia Public Schools
  • Census Tract: 005001

Zoning

  • Zoning: RA2

Geography

  • Assessors Map Reference: 03-0321
  • Parcel: 0239- -2016
  • Block: 239
  • Lot: 2016
  • Municipality: WARD 2
  • Latitude: 38.9136
  • Longitude: -77.0314

    Address

  • Full Address: 1331 Riggs St Nw
  • Address - House Number: 1331
  • Street Segment Direction: NW
  • Address - Street Name: Riggs
  • Address - Suffix Type: St
  • State: DC
  • City Name: Washington
  • Carrier Code: C068
  • 4-Digit Zip Code: 4324
  • Zip Code: 20009

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,755
  • Tax Rate Code Area: OLD CITY 2

    Appraisal Valuation

  • Standard Deviation: 0.1655
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 79
  • Final Value: 1,115,381
  • High Value: 1,300,025
  • Low Value: 930,737

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: REVERE BANK
  • First Open Lien Mortgage Recording Date: Apr 04, 2017
  • First Open Lien Mortgage Loan Amount: $750,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $1,044,750
  • Market Land Value: $313,420
  • Market Improvement Value: $731,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,044,750
  • Assessed Land Value: $313,420
  • Assessed Improvements Value: $731,330

    Sales

  • Current Sale Contract Date: Mar 31, 2017
  • Current Sale Recording Date: Apr 04, 2017
  • Current Sale Transaction ID: 1806836541
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2017036944

    Last Sale Mortgage

  • First Mortgage Lender: REVERE BANK
  • First Mortgage Transaction Date: Apr 04, 2017
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1331 Riggs Street Northwest located in?
The 1331 Riggs Street Northwest is a located in the neighborhood of Logan Circle - Shaw in Northwest Washington, Washington.
What is the average sales price for listings in 1331 Riggs Street Northwest?
The average sales price for units in 1331 Riggs Street Northwest is $0 currently.

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