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$645,000

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

  • 255 days on market
    • Price drop $5,000↓
Back on the market! Buyer got cold feet - their loss is your gain! Come take a look at this stunning unit and amazing opportunity! The Seller has a high balance low interest rate assumable VA loan for those with sufficient VA entitlement. 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 no more than a 15 min walk to most any need, attraction, and amenity of NoMa, Mt Vernon Square, the Shaw/ U-Street and Howard University area. This includes grocers, convenience stores, restaurants, recreation centers, and diverse styles of night life among many others!

Details

Property type

Condominium

Est. home value

$704,653

Lot size

Unknown

Price per sq ft

$582

Year built

1900

Annual property taxes

$4,766

HOA

No

Price History

12/10/2024
Bright

Bright #DCDC2136814

Listed
$645,000
11/29/2024
Bright

Bright #DCDC2136814

Pending
$645,000
09/30/2024
Bright

Bright #DCDC2136814

Listed
$645,000

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

$2,019
Asking price
$645,000
Closing costs (~8% of asking)
-$51,600
Est. remaining loan balance
-$591,381
Cash to seller
$2,019

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

$591,381

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: 12/23/2024 at 12:15 AM

Listing updated: 12/11/2024 at 1:31 PM

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

MLS: Bright #DCDC2136814

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