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$424,900

Beds
3
Baths
1.5
sq ft
1,330

3618 Martin Luther King Jr Ave SE, Washington, DC 20032

3618 Martin Luther King Jr Ave SE

WASHINGTON, DC 20032

  • 5 days on market
******TURN-KEY LICENSED SHORT TERM RENTAL OPERATION ******** OPPORTUNITY FOR SHORT TERM RENTAL INVESTORS, LICENSED AND FURNISHED. This HOME is also eligible for $10,000 Homebuyers access grant for down payment. ask your lender Nestled in the vibrant community of Congress Heights, this charming 3-bedroom, 1.5-bathroom detached home at 3618 Martin Luther King Jr. Ave SE offers the perfect blend of city living and suburban lifestyle. This extensively renovated and furnished home boasts contemporary updates, including a newly renovated kitchen with granite countertops, stainless steel appliances, and a trendy backsplash. The open-concept design flows seamlessly into the dining and living areas, creating an inviting space for both family life and entertaining. Three spacious bedrooms provide ample space for family, guests, or even a home office. The backyard is a private oasis, perfect for outdoor gatherings, gardening, or simply unwinding after a long day on the sizable rear deck. With its ideal location and a tasteful mix of modern updates and classic character, this residence presents a unique opportunity for comfortable urban living. Don’t miss out on this opportunity and book your showing online today. current Airbnb metrics with impressive results 80% occupancy and average $169/ night , Furniture is also for sale NOT included in the asking price.

Details

Property type

Single Family Residence

Est. home value

$444,390

Lot size

3,750 sq ft

Price per sq ft

$320

Year built

1913

Annual property taxes

$2,166

HOA

No

Price History

02/27/2025
Bright

Bright #DCDC2186226

Listed
$424,900
-0.96%
12/27/2023
BrightMLS

BrightMLS #DCDC2113984

Removed
$429,000
10/12/2023
BrightMLS

BrightMLS #DCDC2113984

Listed
$429,000
+78.75%

Schools & Community

Neighborhood: 

Congress Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$98,947
Asking price
$424,900
Closing costs (~8% of asking)
-$33,992
Est. remaining loan balance
-$291,961
Cash to seller
$98,947

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Homexpress Mortgage Corp

Loan start date

January 2024

Original loan amount

$295,200

Est. remaining balance

$291,961

Interest rate

7.03%

Loan type

New Conventional, 30 year

Seller

Mohammed J Uddin

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: 03/04/2025 at 2:25 AM

Listing updated: 02/27/2025 at 12:10 AM

Listed by: Abel M Gebremichael, Keller Williams Capital Properties Phone #: (202) 243-7700

MLS: Bright #DCDC2186226

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