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$275,000

Beds
2
Baths
1.5
sq ft
1,184

1235 16th St NE, Washington, DC 20002

1235 16th St NE

WASHINGTON, DC 20002

  • 24 days on market
ONLINE AUCTION: Bidding begins 3/18/2025 @ 10:00 AM. Bidding ends 3/20/2025 @ 11:40 AM. List Price is Suggested Opening Bid. 2 Story Townhouse located in the Northeast area of Washington D.C. The Property has a long-term tenant who has been occupying the property since 2004. The tenant is a part of the Housing Choice Voucher Program. The property is equipped with central air, gas hot air heat, & electric hot water. Residents can enjoy the nearby attractions such as the United States National Arboretum, Kingman and Heritage Islands Park, Union Market, & +/- 2 miles to the National Mall. Property is Rented. Easy Access to Major Traffic Artery Route 295. Deposit: $25,000.

Details

Property type

Townhouse

Est. home value

$497,676

Lot size

1,600 sq ft

Price per sq ft

$233

Year built

1951

Annual property taxes

$4,935

HOA

No

Price History

02/07/2025
Bright

Bright #DCDC2184294

Listed
$275,000
-42.47%
12/31/2024
Bright

Bright #DCDC2153976

Removed
$478,000
08/07/2024
Bright

Bright #DCDC2153976

Listed
$478,000

Schools & Community

Neighborhood: 

Trinidad

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

-$116,769
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$369,769
Cash to seller
-$116,769

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

April 2023

Original loan amount

$378,000

Est. remaining balance

$369,769

Interest rate

6.32%

Loan type

New Conventional, 30 year

Seller

Christopher Bourn

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: 03/04/2025 at 3:35 AM

Listing updated: 02/27/2025 at 10:14 AM

Listed by: Adam M Shpritz, Ashland Auction Group LLC Phone #: (410) 488-3124

MLS: Bright #DCDC2184294

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