tomo logo

$3,999,999

Beds
7
Baths
2.5
sq ft
4,950

1501 NW 11th STREET NW, Washington, DC 20001

1501 NW 11th STREET NW

WASHINGTON, DC 20001

  • 82 days on market
This 4-Level 4950 SQFT Logan Circle Victorian mansion sitting on 1,080 SQFT of road frontage bordering Historic Shaw was built in 1890 and is available For Sale for the first time in 30 years. This 11th Street corridor was recently effectively UP-ZONED to encourage mixed-use development, specifically commercial and residential on the 11th Street overlay. The District of Columbia has prioritized this property as mixed-use and is taxing it at $22,121 (2022) per annum. It could remain an office/retail building, be converted back to a single family home, or apartments/condominiums or a mix of those uses. The 2021 Comprehensive Plan Map is enclosed and reflects the new zoning of MU-4 (Mixed-Use) and permits a broad range of commercial, institutional, and multiple dwelling unit residential development. This sun drenched building, with ample windows to provide natural light throughout, also has three main entry points, and was most recently leased as a multi-tenanted office building. However, this mansion, with six decorative fireplaces can easily be converted back to a single family home or multiple units. The open floor plan allows for a modern workplace experience with board room and creative space. The parlor areas can be utilized as flex spaces for seminars, receptions, makers space or collaborative meeting space. The building functions very well as an office and can accommodate the around-the-clock work environment, complete with a full bathroom with stand up shower, and additional powder restrooms, kitchen/breakroom, storage, swing space and private rooms/offices. Proximate to bustling Logan Circle, the site is walking distance to 4 Metro rail stations, various attractions and amenities: libraries, dog parks, skate park, restaurants, entertainment, schools, museums, daycares, hospitals, fire department, colleges, swimming pools, pharmacies, police department and post office, just to name a few.

Details

Property type

Townhouse

Est. home value

$3,762,783

Lot size

1,080 sq ft

Price per sq ft

$809

Year built

1890

Annual property taxes

$22,121

HOA

No

Price History

04/15/2024

Bright #DCDC2137188

Listed
$3,999,999

Schools & Community

Neighborhood: 

Logan Circle

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

BENJAMIN BANNEKER ACADEMY

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

Eaglebank

Loan start date

January 2019

Original loan amount

$120,000

Est. remaining balance

Not provided

Interest rate

4.63%

Loan type

Commercial

Seller

Gaynelle S Henderson and The Henderson Living Trust

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 11:00 PM

Listing updated: 04/16/2024 at 7:22 AM

Listed by: Monique A Walker, Fleur de Lis, LLC Phone #: (301) 750-7040

MLS: Bright #DCDC2137188

Bright logo