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$1,275,000

Beds
2
Baths
3.0
sq ft
3,184

500 Irving St NW, Washington, DC 20010

500 Irving St NW

WASHINGTON, DC 20010

  • 4 days on market
We couldn't be more thrilled to present an unparalleled opportunity in the form of 500 Irving Street NW! Featuring 2388 sq. ft. of prime real estate, this gem is situated within walking distance to DC's top-notch dining, nightlife, and shopping areas, as well as the Columbia Heights and Petworth metro stations. The property is zoned for mixed usage, boasting 3 levels that have been tastefully modernized with open spans, expansive ceiling heights, and a full bathroom on each floor. As you step onto the main level, a Market will greet you, complete with a coffee bar and a mouth-watering lunch menu, all basking in natural sunshine from the south-facing windows and street-level entry door. The all-brick exterior rests on a corner lot that blends in with the neighborhood while remaining highly visible to the 10k+ commuters who pass by each day. The second level is currently a 2 Bedroom 1 Bath Rental unit with the added convenience of a washer and dryer in situ, alongside a separate rear entry door. This presents an excellent opportunity for a savvy owner-occupier who wishes to acquire a well-maintained property to run their business or an investor looking to add an incredible value asset with tremendous upside to their portfolio. The basement level is where the neighborhood comes together for social gatherings like Mic Night, Poetry, and Jam Night, making it the go-to venue for entertainment. The property falls under the RF-1 zoning classification, permitting the operation of up to two separate units, adding even more appeal to this unique opportunity. With its proximity to the Old Soldiers Home, McMillan Reservoir, Howard University, and Georgia Avenue, this property is perfectly positioned to benefit from ongoing and upcoming developments in the area, making it an investment opportunity that is simply too exciting to miss!

Details

Property type

Duplex

Est. home value

$751,147

Lot size

1,000 sq ft

Price per sq ft

$401

Year built

1914

Annual property taxes

$4,043

HOA

No

Price History

07/02/2024

Bright #DCDC2148756

Listed
$1,275,000
06/14/2024

Bright #DCDC2136700

Removed
$1,275,000
04/16/2024

Bright #DCDC2136700

Listed
$1,275,000
+60.38%

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

Fairway Independent Mortgage Corporation

Loan start date

December 2020

Original loan amount

$823,620

Est. remaining balance

Not provided

Interest rate

2.78%

Loan type

VA

Seller

Pablo Ortiz Jr and Rahel Worku Kassa

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 10:35 PM

Listing updated: 07/02/2024 at 9:54 PM

Listed by: Takeya White, RE/MAX 100 Phone #: (301) 843-5100

MLS: Bright #DCDC2148756

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