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1402 T Street Southeast

1402 T Street Southeast, Washington, DC 20020
Multifamily in Fairlawn
1 Units For Sale
Unit for sale at 1402 T STREET SE, WASHINGTON, DC 20020

$425,000

  • Commercial
1402 T STREET SE, WASHINGTON, DC 20020 Listing by Makeba Duncan

1402 T Street Southeast has been categorized by the local assessors in Washington, DC as a commercial type of property. The building on the property was first built in 1928 and is 96 years old. Residents will have access to 5 full bathrooms. The building has a total of 2 stories. In addition, 1402 T Street Southeast has 2,840 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a unknown that is 1,468 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 2,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a flat style roof made of asphalt and ply sheets in a built-up roof style. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a forced air unit. The property was last sold in Nov 8, 2019 for $525,000. That's $184.86 per sqft. Prior to that sales transaction, the property was also sold in Dec 29, 2017 for $400,000. 1402 T Street Southeast was last assessed in 2023. The total value of the property was assessed at $581,900. Specifically, the land the property is located on was valued at $126,240. While improvements on the property were assessed at a total of $455,660. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,946. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210720
07/20/2021
Loft
-
-
$950,000
bedrooms
Loft
bathrooms
-
-
-
-
Richard Adjou
Realty Pros
20190409
04/09/2019
Studio
-
-
$550,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Bedroom Count: 0
  • Full Bathrooms: 5
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Brick
  • Building Style: Multifamily
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 5
  • Business/Commerical Units Count: 5
  • Basement Area: 1,468
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 2,000
  • Total Building Area: 2,840
  • Gross Building Area: 2,840
  • Building Area: 2,840
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: ANACOSTIA
  • Land Acres: 0.046
  • Standard Land Use Code: Commercial (general)
  • County Land Use Code: Royalty interest
  • Legal Description 1: SQUARE 5605 LOT 0072 NBHD: ANACOSTIA

Ownership

  • Current Owner : S STREET INVESTMENTS LLC
  • Previous Owner : BAILEY DAVID
  • Previous Owner 2: BAILEY BARBARA
  • Owner Before Previous Owner: ARRINGTON KING W
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: District of Columbia Public Schools
  • Census Tract: 007601

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 10-1012
  • Parcel: 5605- -0072
  • Block: 5605
  • Lot: 72
  • Municipality: WARD 8
  • Latitude: 38.8678
  • Longitude: -76.9846

    Address

  • Full Address: 1402 T St Se
  • Address - House Number: 1402
  • Street Segment Direction: SE
  • Address - Street Name: T
  • Address - Suffix Type: St
  • State: DC
  • City Name: Washington
  • Carrier Code: C010
  • 4-Digit Zip Code: 5666
  • Zip Code: 20020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,946

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $890,000
  • First Open Lien Mortgage Lender: WCP FUND I LLC
  • First Open Lien Mortgage Recording Date: Nov 08, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $875,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Lender: BUILDERS COMMERCIAL FUNDING IN
  • Second Open Lien Mortgage Recording Date: Apr 06, 2022
  • Second Open Lien Mortgage Loan Amount: $15,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $581,900
  • Market Land Value: $126,240
  • Market Improvement Value: $455,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $581,900
  • Assessed Land Value: $126,240
  • Assessed Improvements Value: $455,660

    Sales

  • Current Sale Contract Date: Nov 08, 2019
  • Current Sale Recording Date: Nov 21, 2019
  • Current Sale Transaction ID: 11706908768
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019126816
  • Previous Sale Recording Date: Jan 05, 2018
  • Previous Sale Contract Date: Dec 29, 2017
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WCP FUND I LLC
  • First Mortgage Transaction Date: Nov 21, 2019
  • First Mortgage Loan Amount: $607,500

    Financing

  • First Mortgage Financing Type: Variable

About Southeast Washington



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Frequently Asked Questions

What neighborhood is 1402 T Street Southeast located in?
The 1402 T Street Southeast is a multifamily located in the neighborhood of Fairlawn in Southeast Washington, Washington.
How many listings are currently for sale in 1402 T Street Southeast?
There is one unit for sale right now.
What is the average sales price for listings in 1402 T Street Southeast?
The average sales price for units in 1402 T Street Southeast is $425,000 currently.

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