tomo logo

$200,000

Beds
1
Baths
1.0
sq ft
505

1732 Montello Ave NE Unit 5, Washington, DC 20002

1732 Montello Ave NE Unit 5

WASHINGTON, DC 20002

  • 42 days on market
    • Price drop $49,900↓
This is an IZ unit. You must be IZ qualified. Unit 5 is a BRAND NEW jr 1 bedroom + chic full bath condo in a pet-friendly condominium in the heart of booming Trinidad! The natural light and stunning fixtures are just two of the things you'll LOVE about this efficiently laid out condo. The the open floor plan and the designer finishes in the full bath are not to be missed. + Low condo fees. Walk Score 95! Just blocks to everything you need - shopping, grocery, coffee shops, restaurants, parks and more! This perfect place can't be beat! It is the perfect way to start building your own wealth. PLEASE Read the rest of remarks. Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. Please contact the Department of Housing and Community Development regarding the availability of such units and requirements for registration in the Inclusionary Zoning program. This unit is available via the IZ lottery process only. To become eligible for the next IZ purchase lotteries, complete steps 1, 2 and 3 via the DHCD Inclusionary Zoning Website. The minimum occupancy requirement of 1 or more persons for this 1 bedroom unit. The income limits: $72,250 (1 person), $82,550 (2 people), $92,900 (3 people) The unit must remain the owners continued primary residence throughout their ownership. The household must divest of any other housing ownership before closing on the IZ unit. The unit may not be rented out, in part or in full, for any length of time and via any method without prior written consent from DHCD. Temporary rentals including AirBnb or similar style rentals are never permitted. There are perpetual resale price and term restrictions on the unit. The owner must contact DHCD to obtain a maximum resale price and receive further instructions prior to listing the unit for sale or refinancing the mortgage.

Details

Property type

Condominium

Est. home value

$269,234

Property condition

New Construction

Lot size

Unknown

Price per sq ft

$397

Year built

2022

HOA

No

Price History

09/09/2024
Bright

Bright #DCDC2156078

Price change
$200,000
-19.97%
08/24/2024
Bright

Bright #DCDC2156078

Listed
$249,900
07/16/2024
Bright

Bright #DCDC2138122

Removed
$249,900

Schools & Community

Neighborhood: 

Trinidad

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks, Street Lights

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

Church Street Capital Llc

Loan start date

February 2024

Original loan amount

$220,480

Est. remaining balance

Not provided

Interest rate

6.95%

Loan type

Not Provided

Seller

Bet Development Llc and 1732 Montello Ave Ne Llc

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: 10/04/2024 at 9:45 PM

Listing updated: 09/09/2024 at 7:56 AM

Listed by: D'Ann K Lanning, Compass Phone #: (301) 298-1001

MLS: Bright #DCDC2156078

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