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$295,000

Beds
1
Baths
1.0
sq ft
528

1101 3rd St SW Unit 503, Washington, DC 20024

1101 3rd St SW Unit 503

WASHINGTON, DC 20024

  • 140 days on market
    • Price drop $6,000↓
MOVE-IN READY! This immaculate 1-bedroom, 1-bathroom condo is move in ready. Ideally situated within walking distance of The Wharf and the Waterfront Metro station, convenience is paramount. The unit boasts an inviting eat-in kitchen with sparkling countertops and ample cabinet space. The spacious living area features luxurious vinyl plank flooring and expansive windows that fill the space with natural light. Building amenities include daytime concierge service, a fitness facility, community room, bike room, and laundry facilities. Condo fee includes water, gas, trash, snow removal, concierge on weekdays and also comes with a storage unit. Pets allowed with size and weight restrictions.

Details

Property type

Condominium

Est. home value

$287,878

Lot size

Unknown

Price per sq ft

$559

Year built

1960

Annual property taxes

$2,459

HOA

No

Price History

06/29/2024

Bright #DCDC2128978

Price change
$295,000
-1.99%
06/21/2024

Bright #DCDC2128978

Listed
$301,000
06/17/2024

Bright #DCDC2128978

Removed
$301,000

Schools & Community

Neighborhood: 

Southwest Waterfront

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

$163,847
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$107,553
Cash to seller
$163,847

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

Seller’s Loan History

Lender

Draper And Kramer Mortgage Corp

Loan start date

May 2021

Original loan amount

$150,000

Est. remaining balance

$107,553

Interest rate

2.42%

Loan type

New Conventional, 10 year

Seller

Qiaoxia Chen

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 10:45 PM

Listing updated: 06/29/2024 at 11:33 AM

Listed by: Jay Yu, Ten Thousand Realty Phone #: (301) 924-1400

MLS: Bright #DCDC2128978

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