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1445 Park Road Northwest

1445 Park Road Northwest, Washington, DC 20010
Property in Columbia Heights
Sold Dec 11, 2023
$8,782,000
$9,375,000 by Trustar Bank
Mortgage
Sold Dec 27, 1994
$440,000
$308,000 by Citibank Federal Savings Bank
Mortgage
1445 Park Road Northwest has been categorized by the local assessors in Washington, DC as a residential type of property. The building on the property was first built in 1930 and is 94 years old. However, we must point out that the home was most recently renovated and altered in 1986. The building has a total of 5 stories. In addition, 1445 Park Road Northwest has 34,710 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,150 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 B by the local assessor. The building has a flat style roof. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a heat pump. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1445 Park Road Northwest was last sold in Dec 6, 2023 for $8,782,000. According to our calculations, that's $227.69 per sqft. Prior to that sales transaction, the property was sold for $440,000 in Jan 1, 1970. Current property owners are expected to pay $43,006 in taxes per year. The property on 1445 Park Road Northwest was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,059,470. To break that down further, the land itself was valued at $1,043,930. While improvements to the property were assessed at a total of $4,015,540. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Floor Count: 5
  • Living Units: 54
  • Business/Commerical Units Count: 54
  • Basement Type: Unspecified basement
  • Basement Area: 3,860
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,150
  • Total Building Area: 38,570
  • Gross Building Area: 38,570
  • Building Area: 34,710
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 34,710
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLUMBIA HEIGHTS
  • Land Acres: 0.233
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Easement (misc.)
  • Legal Description 1: SQUARE 2676 LOT 0824 NBHD: COLUMBIA HEIGHTS

Ownership

  • Current Owner : NPCP PARK ROAD LLC
  • Previous Owner : PARK TIVOLI LLP
  • Owner Before Previous Owner: FEDERAL HOME LOAN MTG CP
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: District of Columbia Public Schools
  • Census Tract: 002802

Zoning

  • Zoning: RA-2

Geography

  • Assessors Map Reference: 03-0369
  • Parcel: 2676- -0824
  • Block: 2676
  • Lot: 824
  • Municipality: WARD 1
  • Latitude: 38.931
  • Longitude: -77.034

    Address

  • Full Address: 1445 Park Rd Nw
  • Address - House Number: 1445
  • Street Segment Direction: NW
  • Address - Street Name: Park
  • Address - Suffix Type: Rd
  • State: DC
  • City Name: Washington
  • Carrier Code: C017
  • 4-Digit Zip Code: 2846
  • Zip Code: 20010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $43,006

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $9,375,000
  • First Open Lien Mortgage Lender: TRUSTAR BANK
  • First Open Lien Mortgage Recording Date: Dec 11, 2023
  • First Open Lien Mortgage Loan Amount: $9,375,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $5,059,470
  • Market Land Value: $1,043,930
  • Market Improvement Value: $4,015,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,059,470
  • Assessed Land Value: $1,043,930
  • Assessed Improvements Value: $4,015,540

    Sales

  • Current Sale Contract Date: Dec 06, 2023
  • Current Sale Recording Date: Dec 11, 2023
  • Current Sale Transaction ID: 11917911517
  • Current Sale Price: $8,782,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 109862
  • Previous Sale Recording Date: Dec 27, 1994
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUSTAR BANK
  • First Mortgage Transaction Date: Dec 11, 2023
  • First Mortgage Loan Amount: $9,375,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK FEDERAL SAVINGS BANK
  • Previous Mortgage Transaction Date: Dec 27, 1994
  • Previous Mortgage Loan Amount: $308,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1445 Park Road Northwest located in?
The 1445 Park Road Northwest is a located in the neighborhood of Columbia Heights in Northwest Washington, Washington.
What is the average sales price for listings in 1445 Park Road Northwest?
The average sales price for units in 1445 Park Road Northwest is $0 currently.

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