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$1,280,000

Beds
5
Baths
4.0
sq ft
2,514

3009 Sherman Ave NW, Washington, DC 20001

3009 Sherman Ave NW

WASHINGTON, DC 20001

  • 22 days on market
    • Price drop $20,000↓
Owner Occupants - Live like royalty... Live in One Unit & Rental Income could reduce your Mortgage Payment, by Approximately.. $2,850 - $4,300!!! Investors, seize this opportunity to own a fully renovated 2-unit property just a few blocks from Columbia Heights metro. Boasting a stellar 96 WalkScore, this property guarantees strong rental income potential. The upper level showcases a stunning 2-level penthouse, while the lower unit, renovated in 2006, features clean lines and contemporary finishes throughout. Hardwood floors adorn every level. The top unit offers abundant outdoor spaces, including balconies off two bedrooms and a sprawling terrace off the third bedroom. The top floor presents sweeping Westerly monument views from the primary bedroom and serene treetop views in the rear. This property is a gem in a prime location, perfect for discerning investors seeking a high-return asset in Washington, D.C. Current configuration: Lower unit (A) : 2 BR | 1 full bath | rear deck outdoor space @ 750SF., Estimated Rent @$2,850. Upper unit (B) : 3 BR | 3 full bath | 2 balconies | large main-level terrace @ 1664 SF. Rented @ $3,900. $81,000 Income. Operating Costs (annual) : Taxes - $11,035 + Insurance - $2,000 + Utilities (water) - $1,200.

Details

Property type

Townhouse

Est. home value

$1,163,632

Lot size

1,147 sq ft

Price per sq ft

$510

Year built

1902

Annual property taxes

$11,035

HOA

No

Price History

06/21/2024

Bright #DCDC2146594

Price change
$1,280,000
-1.54%
06/14/2024

Bright #DCDC2146594

Listed
$1,300,000
+11.11%
08/31/2020

Bright #DCDC472194

Sold
$1,170,000

Schools & Community

Neighborhood: 

Columbia Heights

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

George Mason Mortgage Llc

Loan start date

August 2020

Original loan amount

$980,325

Est. remaining balance

Not provided

Interest rate

2.98%

Loan type

New Conventional

Seller

Beth Ann Jordan

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 10:55 PM

Listing updated: 06/21/2024 at 8:34 AM

Listed by: David M Cox, Coldwell Banker Realty - Washington Phone #: (202) 387-6180

MLS: Bright #DCDC2146594

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