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$350,000

Beds
2
Baths
1.0
sq ft
683

5 Rhode Island Ave NW Unit T2, Washington, DC 20001

5 Rhode Island Ave NW Unit T2

WASHINGTON, DC 20001

  • 101 days on market
    • Price drop $19,900↓
HUGE PRICE REDUCTION! CHEAPER THAN RENT-2 BEDROOM/1 BATH CONDO WITH LOW CONDO FEES MONTHLY!! Welcome to your new condo where LeDroit and Bloomingdale meet! This bright and airy 2 bedroom, 1-bath condo is nestled in one of Washington, DC’s historic condo buildings. Inside, you'll find elegant hardwood floors, modern stainless steel appliances, and sleek granite countertops. The unit also features an in-building washer/dryer, is pet-friendly, and boasts a super low condo fee. Plus, with metro and public transportation just steps away, convenience is right at your doorstep!

Details

Property type

Condominium

Est. home value

$347,356

Lot size

Unknown

Price per sq ft

$513

Year built

1911

Annual property taxes

$1,829

HOA

No

Price History

10/04/2024
Bright

Bright #DCDC2154104

Price change
$350,000
-5.38%
08/08/2024
Bright

Bright #DCDC2154104

Listed
$369,900
+7.22%
07/31/2018
Bright

Bright #1001763588

Sold
$345,000

Schools & Community

Neighborhood: 

Bloomingdale

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

$57,277
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$264,723
Cash to seller
$57,277

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

January 2021

Original loan amount

$290,000

Est. remaining balance

$264,723

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Kevin Shea

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: 11/17/2024 at 3:00 AM

Listing updated: 11/15/2024 at 10:09 AM

Listed by: Michael Marriott, Compass Phone #: (202) 386-6330

MLS: Bright #DCDC2154104

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