Check Availability
$104,990
Land - For Sale

616 55TH ST NE

WASHINGTON, DC 20019
bedrooms
Studio
bathrooms
0 Bath
$516
Estimated Monthly
$0
HOA / Fees

About This Property

GREAT Opportunity!  CALLING ALL BUILDERS, INVESTORS AND NEW CONSTRUCTION ASPIRING BUYERS! Prime Wash. DC in-fill location sandwiched between 2 Metro Stations, convenient to downtown, close to major transportation routes and just about everything else. Superb location to develop/build a residential property to fit your exact needs in a booming revitalization area. New Single-Family Homes in neighborhood are selling for $550K+. Buy the vacant lot, build yourself and save lots of $$$ vs. buying it once completed and making someone else rich. Investors/Builders will make a great return on their investment. Buyer should verify all development possibilities with the appropriate Wash. DC approval agencies prior to making an offer and the seller wants to close fast as possible.  Call LA with any questions and do a drive-by of this property.   It Won't Last Long!
Unit Size
-
Days on Market
56 days
Land Size
0.04 acres
Price per sqft
-
Property Type
Land
Property Taxes
$7
HOA Dues
-
Year Built
1914
Listed By
Yvonne Lee
Keller Williams Capital Properties
Last updated: 2 months ago (Bright MLS #DCDC2128840)

Price History

Date / Event Date Event Price
Mar 15, 2024 Listed by Exit Right Realty $104,990
Listed by Exit Right Realty
Rare Opportunity Alert! Calling all Builders, Investors, and New Construction Aspiring Buyers! Prime Location: Nestled in the heart of Washington, DC, this property occupies a coveted in-fill location strategically positioned between two Metro Stations. Its proximity to downtown and major transportation routes makes it exceptionally convenient for daily commuters and urban explorers alike. Endless Potential: Situated in a burgeoning revitalization area, this property offers a superb…
Feb 4, 2024 No longer available -
No longer available
Nov 1, 2023 Price Decreased $104,990
↓ $20K (16%)
Price Decreased
Aug 13, 2023 Listed by Keller Williams Capital Properties $124,990
Listed by Keller Williams Capital Properties
GREAT Opportunity! CALLING ALL BUILDERS, INVESTORS AND NEW CONSTRUCTION ASPIRING BUYERS! Prime Wash. DC in-fill location sandwiched between 2 Metro Stations, convenient to downtown, close to major transportation routes and just about everything else. Superb location to develop/build a residential property to fit your exact needs in a booming revitalization area. New Single-Family Homes in neighborhood are selling for $550K+. Buy the vacant lot, build yourself and save lots of $$$ vs…

Property Highlights

Exterior Details

Property Information

Ownership Interest: Fee Simple

Lot Information

Tidal Water: N
Lot Size Source: Assessor

Land Information

Land Assessed Value: $9,280
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $79
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $9,280
Tax Year: 2022
Tax Annual Amount: $79
Year Assessed: 2022

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 1
  • Business/Commerical Units Count: 8
  • Basement Area: 750
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 38,941
  • Total Building Area: 12,880
  • Gross Building Area: 12,880
  • Building Area: 12,880
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 12,130
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: DEANWOOD
  • Land Acres: 0.894
  • Legal Description 1: SQUARE 5217 LOT 0033 NBHD: DEANWOOD

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: District of Columbia Public Schools
  • Census Tract: 007807

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 09-0924D
  • Parcel: 5217- -0033
  • Block: 5217
  • Lot: 33
  • Municipality: WARD 7
  • Latitude: 38.8978
  • Longitude: -76.921

    Address

  • Full Address: 616 56th St Ne
  • Address - House Number: 616
  • Street Segment Direction: NE
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: DC
  • City Name: Washington
  • Carrier Code: C047
  • 4-Digit Zip Code: 6718
  • Zip Code: 20019

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $30,245
  • Tax Rate Code Area: 002

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: INDUSTRIAL BANK
  • First Open Lien Mortgage Recording Date: Oct 20, 2015
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown

    Market Valuation

  • Market Total Value: $3,666,060
  • Market Land Value: $1,413,560
  • Market Improvement Value: $2,252,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,666,060
  • Assessed Land Value: $1,413,560
  • Assessed Improvements Value: $2,252,500

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$90,000 Mar 8, 2023
$90,000 Apr 27, 2023
-
Land
Loft
-
-
$98,000 Dec 19, 2022
$98,000 Jul 31, 2023
-
House
2 Beds
1 Bath
894 ft²
$266/ft²
$238,075 Sep 27, 2023
$238,075 Nov 30, 2023
-
Condo
2 Beds
2 Baths
1,050 ft²
$157/ft²
$165,000 Jul 13, 2022
$165,000 Dec 1, 2023
-
House
2 Beds
1 Bath
-
$80,000 Jan 27, 2017
$80,000 Jun 21, 2017
-
Land
Loft
-
-
$89,900 Aug 20, 2023
-
-
Land
Loft
-
-
$90,000 Dec 2, 2023
-
-
Land
Loft
-
-
$85,000 Dec 12, 2023
-
-
Land
Loft
-
-
$125,000 Apr 8, 2022
-
-

About Southeast Washington


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Frequently Asked Questions

When was property at 616 55th Street Northeast built and last sold?
The property at 616 55th Street Northeast was built in 1914 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 616 55th Street Northeast is $106,040.
What are some comparable homes to 616 55th Street Northeast?
Homes that are comparable to 616 55th Street Northeast include a land property at 6108 K Street, 6110 K Street, 5600 Clay Place Northeast.

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