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$599,999

Beds
2
Baths
2.0
sq ft
1,184

1253 16th St NE, Washington, DC 20002

1253 16th St NE

WASHINGTON, DC 20002

  • 267 days on market
BACK ON MARKET DUE TO BUYER FINANCING FALLING THROUGH ***Rare Opportunity for savyy investor: Live in one unit and Rent the second one or Rent both units! Beautifully renovated 2-unit building with central A/C, separate utilities, and fully-fenced backyard.*** Each unit offers 1-bd, 1-bath, living space, and is completely move-in ready: Freshly painted and renovated, tankless water heaters, separate metered utilities, new flooring, new oven/range, Roof has been professionally serviced in 2022. Parking in the back. Located in trendy Trinidad, close to restaurants, bars, coffee shops, Union Market, and transportation (D3, D4, D8 buses, H st. trolley) .. not to mention being one of the most walkable neighborhoods in Washington D.C. *SELLER HAS AN ASSUMABLE FHA LOAN (3.49% interest rate) + Property is located in a low-moderate income census tract, which makes it eligible for the Truist's Community Homeownership Incentive Program (CHIP): prospective buyers with a minimum credit score of 660 can qualify for up to 100% financing on this property, with no mortgage insurance (PMI).

Details

Property type

Townhouse

Est. home value

$718,957

Lot size

1,200 sq ft

Price per sq ft

$507

Year built

1952

Annual property taxes

$3,229

HOA

No

Price History

09/29/2024
Bright

Bright #DCDC2128116

Listed
$599,999
09/22/2024
Bright

Bright #DCDC2128116

Removed
$599,999
05/06/2024
Bright

Bright #DCDC2128116

Pending
$599,999
-4%

Schools & Community

Neighborhood: 

Trinidad

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Seller’s Loan History

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

Lender

Fairway Asset Corporation

Loan start date

August 2019

Original loan amount

$604,140

Est. remaining balance

Not provided

Interest rate

3.84%

Loan type

FHA

Seller

Steve H Shin

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: 11/05/2024 at 4:30 AM

Listing updated: 10/25/2024 at 3:09 PM

Listed by: Mounira Al Hmoud, Samson Properties Phone #: (703) 378-8810

MLS: Bright #DCDC2128116

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