tomo logo

$7,290,000

Beds
5
Baths
5.5
sq ft
5,300

2701 32nd St NW, Washington, DC 20008

2701 32nd St NW

WASHINGTON, DC 20008

  • 407 days on market
    • Price drop $1,460,000↓
The assemblage at 2701 32nd Street NW comprises a stately European-inspired red-brick residence from the 1930s ($3,895,000) and two adjacent parcels ($3,395,000). This rare acre of land presents endless possibilities in one of the city's most desirable neighborhoods. The existing residence features a striking turret and can be expanded to become one of DC's finest single-family homes. Currently, it offers five bedrooms across five levels of living space and includes an attached two-car garage. The house boasts superb architectural details, such as original fireplaces, exposed beam ceilings, numerous terraces, and leaded glass windows. A magnificent turret room showcases elegant woodwork that reflects the meticulous craftsmanship of the past. The true potential lies in the opportunity for buyers or developers. A collaboration between renowned architects BarnesVanze and CAS Engineering has produced a comprehensive 2021 analysis report. This report outlines the allowable building area, height limits, setback requirements, zoning restrictions, utilities, stormwater management, and more. It provides buyers with a thorough evaluation of the development potential and assurance regarding current zoning and building codes. Whether you choose to expand the existing home, construct a grand residence on the adjoining lots, or build two additional homes, detailed 3D models, floor plans, and color renderings for each proposal are readily available. These visual representations allow you to envision your dreams and ensure compliance with all construction guidelines. Situated on an acre of prime, peaceful, elevated land with convenient access to the best Washington has to offer, 2701 32nd Street NW is an unmissable opportunity.

Details

Property type

Single Family Residence

Est. home value

$5,854,066

Lot size

1.0 acres

Price per sq ft

$1,376

Year built

1930

Annual property taxes

$53,077

HOA

No

Price History

05/26/2023

Bright #DCDC2051864

Listed
$7,290,000

Schools & Community

Neighborhood: 

Woodland-Normanstone Terrace

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Fidelity & Trust Mortgage

Loan start date

May 2007

Original loan amount

$1,091,000

Est. remaining balance

Not provided

Interest rate

6.17%

Loan type

Stand Alone Refi (Refinance of Original Loan), 30 year

Seller

John B Ritch Iii and Juanita C Ritch Iii

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 10:40 PM

Listing updated: 05/22/2024 at 2:22 AM

Listed by: Daniel M Heider, TTR Sotheby's International Realty Phone #: (202) 234-3344

MLS: Bright #DCDC2051864

Bright logo