507 H Street Northwest

507 H Street Northwest 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 1890 and is 134 years old. However, we must point out that the home was most recently renovated and altered in 2009. The building has a total of 3 stories. In addition, 507 H Street Northwest has 2,936 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 1,128 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 1,600 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 C by the local assessor. The building has a flat style roof made of asphalt and ply sheets in a built-up roof style. In terms of heating, it is utilizing a forced air unit. 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, 507 H Street Northwest was last sold in Oct 3, 2023 for $2,450,000. According to our calculations, that's $834.47 per sqft. Prior to that sales transaction, the property was sold for $900,000 in Nov 29, 2007. Current property owners are expected to pay $26,249 in taxes per year. The property on 507 H Street Northwest was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,590,850. To break that down further, the land itself was valued at $607,200. While improvements to the property were assessed at a total of $983,650. 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.