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$285,000

Beds
1
Baths
1.0
sq ft
1,000

4000 Cathedral Ave NW Unit 534B, Washington, DC 20016

4000 Cathedral Ave NW Unit 534B

WASHINGTON, DC 20016

  • 296 days on market
    • Price drop $14,000↓
New Price: $285,000. Welcome to 534B at The Westchester. This cheery, light-filled 1 BR/1 BA co-op spans over 975 sq. ft. and offers views of Glover Archbold Park. Freshly painted with new carpeting, this unit is move-in ready! The Westchester Cooperative is nestled on over 10 acres of beautifully landscaped grounds in the Cathedral Heights neighborhood of upper Northwest DC. Meticulously maintained gardens featuring a fountain and walking paths create a botanical oasis year-round. Conveniently situated, The Westchester is close to shops and restaurants at Cathedral Commons on Wisconsin Avenue. Public transportation to downtown DC is available at the entrance gates. DeCarlo's Restaurant, a deli/grocery store, beauty salon, barber shop, dry cleaner, exercise facility, library, and eight guest suites are among the many amenities offered at The Westchester. The monthly cooperative owner fee covers real estate property taxes, management, maintenance, security, water, heating and cooling, electricity, gas, and sewer. Check out the low fee!

Details

Property type

Stock Cooperative

Lot size

Unknown

Price per sq ft

$285

Year built

1931

Annual property taxes

$963,247

HOA

No

Price History

06/03/2024

Bright #DCDC2111996

Listed
$285,000

Schools & Community

Neighborhood: 

Cathedral Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

JACKSON-REED

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

$62,214
Asking price
$285,000
Closing costs (~8% of asking)
-$22,800
Est. remaining loan balance
-$199,986
Cash to seller
$62,214

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

Seller’s Loan History

Lender

3Rd Party Individual

Loan start date

April 2018

Original loan amount

$258,000

Est. remaining balance

$199,986

Interest rate

4.38%

Loan type

New Conventional, 20 year

Seller

Cameron Patrick Shane

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: 06/07/2024 at 2:10 PM

Listed by: Kathleen L Battista, Cathedral Realty, LLC. Phone #: (301) 656-1572

MLS: Bright #DCDC2111996

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