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Map
$305,000
●
House -
In Contract
507 OAKWOOD ST SE
WASHINGTON, DC 20032
3 Beds
2 Baths
1284 Sqft
$1,498
Estimated Monthly
$0
HOA / Fees
About This Property
THIS IS A WONDERFUL FIXER-UPPER INVESTMENT (*OPPORTUNITY ZONE*, see
below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER
BLOCK. 2 LARGE BEDROOMS ON THE TOP FLOOR; 1 DECENT-SIZED BEDROOM IN
BASEMENT. BASED ON THE CURRENT CONFIGURATION AND WITH >1900SF OF
INTERIOR SPACE. BUYER CAN EASILY ADD ADDITIONAL BEDROOMS AND A 1/2
BATH ON THE MAIN FLOOR, WHICH INCLUDES A BEAUTIFUL WOOD-BURNING
FIREPLACE. PROPERTY ALREADY HAS A GOOD BASEMENT CEILING HEIGHT,
APPROXIMATELY 7-FEET, NO NEED TO DIG DOWN FOR ADDED VALUE. ARV
$489K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR
$495K) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED
BATHROOMS AND KITCHEN. GREAT BONES. Property Being Sold Strictly
As-Is. Plat attached: Image 6. INVESTOR ALERT. INVESTOR SPECIAL.
Buying and investing in a property in an *OPPORTUNITY ZONE can
provide a great opportunity for capital gains tax deferral,
reduction and abatement, ETC., possibly even better than the 1031
Exchange, they say... Seller prefers KVS Title, which is
offering a $250 closing credit to Buyer. Title work completed. TOPA
Process Completed 1/16/24. Market rent, $2200. Property has 1
conventional (non-HCVP, non-Section 8) tenant paying $1,500 per
month, plus all utilities (gas, water and electric). Solid rent
payment history. Tenant is on a month-to-month lease; lives with 1
"authorized occupant" adult relative; and no rent increases have
ever been levied. Pictures include Before Tenant Moved in and
Current Condition, as Tenant never contacted Landlord to complain
or report any issues for numerous years. BUYER FULLY RESPONSIBLE
FOR THEIR OWN DUE DILIGENCE.
Unit Size
1,284Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$238
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1941
Listed By
Last updated: 18 days ago (Bright MLS #DCDC2121516)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 10, 2024 | In contract | - | |
In contract | |||
Apr 10, 2024 | Price Increased |
$305,000
↑ $26K
(9.5%)
|
|
Price Increased | |||
Mar 28, 2024 | Price Decreased |
$278,600
↓ $100
(0%)
|
|
Price Decreased | |||
Mar 20, 2024 | Price Decreased |
$278,700
↓ $100
(0%)
|
|
Price Decreased | |||
Mar 14, 2024 | Price Decreased |
$278,800
↓ $100
(0%)
|
|
Price Decreased |
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: On Street
Interior Details
Bedroom Information
Bedrooms on 1st Upper Level: 2
Bedrooms on 1st Lower Level: 1
Bathroom Information
Full Bathrooms on 1st Upper Level: 1
Full Bathrooms on 1st Lower Level: 1
Interior Information
Interior Features: Floor Plan - Traditional, Formal/Separate Dining Room
Living Area Square Feet Source: Assessor
Room Information
Laundry Type: Basement, Has Laundry, Dryer In Unit, Washer In Unit, Lower Floor
Fireplace Information
Has Fireplace
Mantel(s), Brick
Fireplaces: 1
Basement Information
Has Basement
Unfinished, Connecting Stairway, Daylight, Full, Windows, Walkout Level, Walkout Stairs, Rear Entrance
Exterior Details
Property Information
Total Below Grade Square Feet: 182
Ownership Interest: Fee Simple
Property Condition: Average
Year Built Source: Assessor
Building Information
Foundation Details: Slab
Other Structures: Above Grade, Below Grade
Structure Type: Twin/Semi-Detached
Construction Materials: Brick
Outdoor Living Structures: Porch(es), Deck(s)
Pool Information
No Pool
Lot Information
Front Yard, SideYard(s), Rear Yard, Landlocked
Tidal Water: N
Lot Size Source: Assessor
Land Information
Land Assessed Value: $318,400
Above Grade Information
Finished Square Feet: 1284
Finished Square Feet Source: Assessor
Below Grade Information
Finished Square Feet: 460
Finished Square Feet Source: Assessor
Unfinished Square Feet: 182
Unfinished Square Feet Source: Assessor
Financial Details
County Tax: $0
County Tax Payment Frequency: Semi-Annually
City Town Tax: $2,628
City Town Tax Payment Frequency: Semi-Annually
Tax Assessed Value: $318,400
Tax Year: 2023
Tax Annual Amount: $2,628
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C, Window Unit(s)
Heating Type: Radiator
Cooling Fuel: None
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
3
Beds
1
Bath
1,260 ft²
$262/ft²
$330,000
May 13, 2022
$330,000
May 12, 2022
-
House
3
Beds
2
Baths
1,440 ft²
$188/ft²
$270,000
Oct 16, 2023
$270,000
Mar 5, 2024
-
House
3
Beds
2
Baths
1,024 ft²
$269/ft²
$275,000
Aug 16, 2019
$275,000
Nov 15, 2019
-
House
3
Beds
2
Baths
1,644 ft²
$201/ft²
$330,000
Apr 21, 2023
$330,000
Jun 9, 2023
-
House
3
Beds
2
Baths
756 ft²
$304/ft²
$230,000
Apr 3, 2019
$230,000
May 10, 2019
-
Townhouse
3
Beds
2
Baths
1,200 ft²
$279/ft²
$335,000
May 16, 2023
$335,000
Oct 31, 2023
-
In Contract
House
3
Beds
1
Bath
1,008 ft²
$298/ft²
$300,000
May 24, 2023
-
-
House
3
Beds
2
Baths
1,008 ft²
$288/ft²
$290,000
May 19, 2023
-
-
Active
House
3
Beds
2
Baths
1,008 ft²
$322/ft²
$325,000
Jan 27, 2024
-
-
House
3
Beds
2
Baths
1,440 ft²
$250/ft²
$360,000
Feb 7, 2024
-
-
House
3
Beds
2
Baths
1,024 ft²
$352/ft²
$360,000
Apr 6, 2024
-
-
In Contract
House
3
Beds
2
Baths
1,840 ft²
$177/ft²
$325,000
Aug 28, 2023
-
-
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