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$599,000

Beds
4
Baths
1.5
sq ft
2,343

1027 Irving St NE, Washington, DC 20017

1027 Irving St NE

WASHINGTON, DC 20017

  • 136 days on market
    • Price drop $40,900↓
House is a shell. However, preliminary design set is complete. Permit drawings are near completion but buyer still has the opportunity to make customizations. Furthermore, current foundation walls do not have footing. Increase in loading would be addressed by beams and posts that are to be supported by new spread footings. Floor of basement to be lowered using benching or underpinning. (Current plans opt for benching). Current plans are for 4600 square feet of finished space to include 6 bedrooms, 4.5 baths with an in-law suite, plus a rooftop deck and a 2 car garage and a dugout basement. So do your ARV estimate based on the above information.

Details

Property type

Single Family Residence

Est. home value

$793,526

Lot size

5,769 sq ft

Price per sq ft

$256

Year built

1900

Annual property taxes

$30,650

HOA

No

Price History

06/08/2024

Bright #DCDC2129388

Price change
$599,000
-6.39%
05/30/2024

Bright #DCDC2129388

Listed
$639,900

Schools & Community

Neighborhood: 

Brookland

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$396,339
Asking price
$599,000
Closing costs (~8% of asking)
-$47,920
Est. remaining loan balance
-$154,741
Cash to seller
$396,339

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

October 2005

Original loan amount

$265,033

Est. remaining balance

$154,741

Interest rate

5.8%

Loan type

New Conventional, 30 year

Seller

Ambrose Akinrinmade

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/05/2024 at 11:40 PM

Listing updated: 06/08/2024 at 5:43 PM

Listed by: Charles A Matthews, Heymann Realty, LLC Phone #: (301) 439-1180

MLS: Bright #DCDC2129388

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