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$250,000

Beds
2
Baths
1.0
sq ft
667

3205 Georgia Ave NW Unit 307, Washington, DC 20010

3205 Georgia Ave NW Unit 307

WASHINGTON, DC 20010

  • 450 days on market
    • Price drop $30,000↓
Great opportunity to purchase this affordable condo in Columbia Heights. Built in 2014, the unit offers almost 700 square feet, 2 bedrooms, 1 bathroom, full kitchen, living room, luxury vinyl flooring, combo washer/dryer and tons of natural light. The kitchen features espresso cabinets and stainless steel appliances. The bathroom is cozy with a large stand up shower. Location is convenient, walking distance to metro, restaurants, bars, public pools, pharmacy, grocery, and recreation. 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 at DC DHCD website regarding the availability of such units and requirements for registration in the Inclusionary Zoning program. The minimum occupancy requirement is at least 1 person per bedroom : Must be below 80% of the Area Median Income (MFI): 2 Person Household - $97,350, 3 Person Household - $109,500, 4 Person Household - $121,700 or 5 Person Household - $133,850. The unit must remain the owner’s 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. 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 on the DC DHCD website. Click on “Services” then “Inclusionary Zoning Registration

Details

Property type

Condominium

Est. home value

$284,237

Lot size

Unknown

Price per sq ft

$375

Year built

2014

Annual property taxes

$1,531

HOA

No

Price History

09/16/2024
Bright

Bright #DCDC2108030

Price change
$250,000
-10.71%
08/13/2023
Bright

Bright #DCDC2108030

Listed
$280,000

Schools & Community

Neighborhood: 

Park View

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

Primary Residential Mortgage Inc

Loan start date

August 2016

Original loan amount

$215,722

Est. remaining balance

Not provided

Interest rate

3.42%

Loan type

New Conventional

Seller

Pablo Lazo

Lender

The Greater Washington Urban League Inc

Loan start date

August 2016

Original loan amount

$29,000

Est. remaining balance

Not provided

Interest rate

3.42%

Loan type

Stand Alone Second

Seller

Pablo M Lazo

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: 11/05/2024 at 3:25 AM

Listing updated: 10/07/2024 at 4:17 PM

Listed by: Russell Carter, Keller Williams Capital Properties Phone #: (202) 243-7700

MLS: Bright #DCDC2108030

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