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$660,000

Beds
2
Baths
2.0
sq ft
1,109

1501 1st St NW Unit 1, Washington, DC 20001

1501 1st St NW Unit 1

WASHINGTON, DC 20001

  • 85 days on market
    • Price drop $15,000↓
The Seller has an assumable VA loan with a high balance at a very low interest rate, and he will allow this loan to be assumed by a qualified active duty member or veteran. Stunning 2 BR, 2 BA contemporary condo on the second floor of boutique building with private off-street parking in the heart of the trendy Truxton Circle district. Enjoy the high-end contemporary finishes and fixtures, 2 electric fireplace, wide plank wood flooring, wonderful white custom kitchen cabinets w/ quartz counter-tops. The long balcony provides extra outdoor space for relaxing and socializing. This spacious luxury condo has it all and is near the attractions and amenities of NoMa, Mt Vernon Square, the Shaw/U-Street and Howard University. Located in close proximity to 3 metro lines (Red, Yellow, and Green).

Details

Property type

Condominium

Est. home value

$704,653

Lot size

Unknown

Price per sq ft

$596

Year built

1900

Annual property taxes

$5,011

HOA

No

Price History

06/10/2024

Bright #DCDC2136814

Price change
$660,000
-2.22%
04/12/2024

Bright #DCDC2136814

Listed
$675,000
+7.83%
07/29/2020

Bright #DCDC447090

Sold
$626,000

Schools & Community

Neighborhood: 

Truxton Circle

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

$10,090
Asking price
$660,000
Closing costs (~8% of asking)
-$52,800
Est. remaining loan balance
-$597,110
Cash to seller
$10,090

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

January 2022

Original loan amount

$628,912

Est. remaining balance

$597,110

Interest rate

3.12%

Loan type

VA, 30 year

Seller

Nathan Slaughter

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 11:05 PM

Listing updated: 06/10/2024 at 1:50 PM

Listed by: Rebecca J Love, Redfin Corp Phone #: (202) 759-7581

MLS: Bright #DCDC2136814

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