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$700,000

Beds
6
Baths
5.0
sq ft
3,450

3108 Adams St NE, Washington, DC 20018

3108 Adams St NE

WASHINGTON, DC 20018

  • 42 days on market
    • Price drop $100,000↓
Incredible Investment Opportunity in Washington, DC – 3108 Adams St NE Unlock the potential of this prime property! Drawings and Permits are in place, ready for you to take on this incredible opportunity to complete a dream project. ARV at approximately $1.5M. Situated in the vibrant NE Washington, DC area, 3108 Adams St NE is a unique opportunity for seasoned investors or builders. Currently, under the roof, the home has plans and permits, making it an ideal canvas for customization. Key highlights: -approximately 7100 sqft lot. -permits for 3450 sqft above grade. -Foundation already poured – a significant portion of the work is already done. -Deep flat lot -Seller is giving you the chance to take over and add immense value. -Plans & permits included – Save time and resources with architectural drawings available upon request. -Incredible resale potential – Estimated to sell for around $1.5M when completed. Serious buyers only – inquire today to learn more about this rare opportunity!

Details

Property type

Single Family Residence

Est. home value

$954,529

Lot size

7,100 sq ft

Price per sq ft

$203

Year built

1941

Annual property taxes

$3,684

HOA

No

Price History

11/04/2024
Bright

Bright #DCDC2162910

Price change
$700,000
-12.5%
10/04/2024
Bright

Bright #DCDC2162910

Listed
$800,000
-45.76%
04/01/2024
BrightMLS

BrightMLS #DCDC2068066

Removed
$1,475,000

Schools & Community

Neighborhood: 

Gateway

Elementary school: 

BROWNE EDUCATION CAMPUS

Middle school: 

BROWNE EDUCATION CAMPUS

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

Account 200257518 Ira

Loan start date

January 2024

Original loan amount

$475,000

Est. remaining balance

Not provided

Interest rate

7.22%

Loan type

Building or Construction Loan

Seller

Shalom Bait Investment 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: 11/15/2024 at 4:20 PM

Listing updated: 11/04/2024 at 11:19 AM

Listed by: Lina Criales-McAuliffe, Redfin Corp Phone #: (301) 658-6186

MLS: Bright #DCDC2162910

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