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$1,100,000

Beds
4
Baths
2.5
sq ft
1,586

1269 Sumner Rd SE, Washington, DC 20020

1269 Sumner Rd SE

WASHINGTON, DC 20020

  • 418 days on market
    • Price drop $199,000↓
Exciting Investment Opportunity in Prime Location! This combined listing of 1269 Sumner Rd SE and the adjoining vacant site at 1265 Sumner Rd offers an expansive total lot size of 6,695 sf, presenting an exceptional investment potential. Zoned RA-1, the development potential allows for up to 6,000+/-sf or approximately 8-10 multi-family apartment or condominium units if both sites are combined. The property's advantageous location in the Anacostia/Barry Farms corridor aligns with the DC Master Plan Chapter 18 Far SE/SW Element, with close proximity to the 11th Street Bridge Park and various key destinations. Situated in Opportunity and HUB Zones, and within easy reach of transportation, recreational, and upcoming development hubs, this offering presents a compelling investment prospect with promising future returns. Don't miss out on this rare opportunity! Anacostia Metro Station, 0.2 miles from the Barry Farm Recreation Center, 0.9 miles to the 11th Street Bridge Park under construction, 1 mile to the DHS St Elizabeth's Campus, 1 mile to JBAB, 1.9 miles to Nationals Park, 1.5 miles to Audi Field, 2.3 miles from Southwest Waterfront.

Details

Property type

Single Family Residence

Est. home value

$494,727

Lot size

3,563 sq ft

Price per sq ft

$694

Year built

1920

Annual property taxes

$3,648

HOA

No

Price History

11/01/2023
Bright

Bright #DCDC2113278

Listed
$1,100,000

Schools & Community

Neighborhood: 

Barry Farm

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

$864,338
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$147,662
Cash to seller
$864,338

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

November 2012

Original loan amount

$207,007

Est. remaining balance

$147,662

Interest rate

3.4%

Loan type

New Conventional, 30 year

Seller

Jose Dorce

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: 12/23/2024 at 12:40 AM

Listing updated: 12/06/2024 at 3:09 AM

Listed by: Jane N. Dehais, Compass Phone #: (301) 298-1001

MLS: Bright #DCDC2113278

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