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$617,500

Beds
5
Baths
2.5
sq ft
2,106

518 Oglethorpe St NW, Washington, DC 20011

518 Oglethorpe St NW

WASHINGTON, DC 20011

  • 332 days on market
    • Price drop $4,000↓
BACK ON THE MARKET, BUT IT WON'T BE HERE LONG! THE LENDER HAS AGREED TO A SHORT SALE AT THE LIST PRICE. A gem of a neighborhood. This long time family property sits on a tranquil tree lined street in the heart of Brightwood. It has been cared for over the years but definitely could use some updating throughout. The home is partially detached and has a cute yard ready for a little love. There is a rear carport for off-street parking. The property has great size overall. It boasts a true dining room, office and living room on the main level. The amount off natural light in the home is honestly unmatched. The upper level has four good sized bedrooms. There is a basement with a separate rear entrance that can function as a rental property to generate some extra income with a small renovation. The home is ready for your personal touch! Some thoughtful upgrades and a little TLC could make this your perfect family home. A stones throw away from the some exceptional coffee shops and restaurants. The Kennedy Street corridor is home to a few amazing restaurants. Additionally it's located just a short drive to downtown Silver Spring, all that Petworth has to offer and the new vibrant Parks at Walter Reed. Seize your chance. You will not be disappointed. Check out the comps. There is plenty of opportunity at this price. Don't miss out. Additionally, the property was just appraised at over asking!

Details

Property type

Duplex

Est. home value

$726,864

Lot size

2,857 sq ft

Price per sq ft

$294

Year built

1929

Annual property taxes

$2,082

HOA

No

Price History

10/21/2024
Bright

Bright #DCDC2117446

Price change
$617,500
-0.64%
09/23/2024
Bright

Bright #DCDC2117446

Price change
$621,500
-0.56%
04/04/2024
Bright

Bright #DCDC2117446

Pending
$625,000

Schools & Community

Neighborhood: 

Manor Park

Elementary school: 

WHITTIER EDUCATION CAMPUS

Middle school: 

BRIGHTWOOD EDUCATIONAL CAMPUS

High school: 

COOLIDGE SENIOR

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

District Of Columbia Housing Finance Age

Loan start date

November 2019

Original loan amount

$7,541

Est. remaining balance

Not provided

Interest rate

3.64%

Loan type

Stand Alone Second

Seller

Paris S Purce Iii

Lender

Net Equity Financial Inc

Loan start date

June 2015

Original loan amount

$870,000

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 79 year

Seller

Paris S Purce Iii

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: 11/22/2024 at 7:55 PM

Listing updated: 10/21/2024 at 1:14 PM

Listed by: Horace Lee Bradshaw III, RLAH @properties Phone #: (202) 518-8781

MLS: Bright #DCDC2117446

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