Check Availability
$305,000
House - In Contract

507 OAKWOOD ST SE

WASHINGTON, DC 20032
bedrooms
3 Beds
bathrooms
2 Baths
square feet
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
Nefretiti Makenta
Bennett Realty Solutions
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

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Masonry
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 642
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,475
  • Total Building Area: 1,926
  • Gross Building Area: 1,926
  • Building Area: 1,284
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,284
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CONGRESS HEIGHTS
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Road (right-of-way)
  • Legal Description 1: SQUARE 6001 LOT 0029 NBHD: CONGRESS HEIGHTS

Ownership

  • Current Owner : DONALDSON JAMEELA K
  • Current Owner 2: FIELDS DERRICK L
  • Previous Owner : MCCOYU ELVEDIA M

Neighborhood

  • School District Name: District of Columbia Public Schools
  • Census Tract: 010400

Zoning

  • Zoning: R-3

Geography

  • Parcel: 6001- -0029
  • Block: 6001
  • Lot: 29
  • Municipality: WARD 8
  • Latitude: 38.8456
  • Longitude: -77.0008

    Address

  • Full Address: 507 Oakwood St Se
  • Address - House Number: 507
  • Street Segment Direction: SE
  • Address - Street Name: Oakwood
  • Address - Suffix Type: St
  • State: DC
  • City Name: Washington
  • Carrier Code: C044
  • 4-Digit Zip Code: 2502
  • Zip Code: 20032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,628
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.0785
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 94
  • Final Value: 350,407
  • High Value: 377,943
  • Low Value: 322,872

    Market Valuation

  • Market Total Value: $309,140
  • Market Land Value: $135,430
  • Market Improvement Value: $173,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $309,140
  • Assessed Land Value: $135,430
  • Assessed Improvements Value: $173,710

    Sales

  • Current Sale Contract Date: Nov 07, 2005
  • Current Sale Recording Date: Jan 12, 2006
  • Current Sale Transaction ID: 11443200074
  • Current Sale Price: $230,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2006523

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
-
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
-
-
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
-
-
House
3 Beds
2 Baths
1,840 ft²
$177/ft²
$325,000 Aug 28, 2023
-
-

About Southeast Washington


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Frequently Asked Questions

When was property at 507 Oakwood Street Southeast built and last sold?
The property at 507 Oakwood Street Southeast was built in 1941 and last sold on Nov 7, 2005 for $230,000.
How much is this home worth?
The estimated value of the home located at 507 Oakwood Street Southeast is $342,716.
What are some comparable homes to 507 Oakwood Street Southeast?
Homes that are comparable to 507 Oakwood Street Southeast include a house property at 139 Wilmington Place Southeast, 3737 Horner Place Southeast, 3335 Martin Luther King Jr Avenue Southeast.

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