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$749,000

Beds
4
Baths
3.5
sq ft
1,775

5408 Illinois Ave NW, Washington, DC 20011

5408 Illinois Ave NW

WASHINGTON, DC 20011

  • 99 days on market
Spacious 4 Bedroom 3.5 Bathroom detached house in Petworth with an open floor plan flooded with natural light. Renovated in 2018 with an updated kitchen including stainless steel appliances, granite counters, glass-faced cabinets and an island too. Upper level hosts 3 bedrooms plus 2.5 baths. The primary bedroom has an en-suite bath with double vanity sinks. Finished lower level with a family room plus a 4th Bedroom and full bathroom. Full-size washer dryer. Wood floors throughout the main level and upper level with luxury vinyl plank in the lower level. Newer HVAC system with central A/C and heat. No need for window or wall units. From the side entrance near the kitchen access an off-street parking space which is fully enclosed by a secure wood fence. Every homeowner’s dream, a beautiful white picket fence surrounds the front yard of the house. Minutes to either Takoma Park or Petworth metro and the bus stop is just around the corner on Georgia Ave. Ideal for investors or primary homebuyers with no monthly HOA fees. Great value! Tenant occupied. Photos were taken prior to the to the tenant moving in.

Details

Property type

Single Family Residence

Est. home value

$837,360

Lot size

1,802 sq ft

Price per sq ft

$422

Year built

1921

Annual property taxes

$6,839

HOA

No

Price History

10/22/2024
Bright

Bright #DCDC2154316

Listed
$749,000
+7%
12/31/2018
Bright

Bright #DCDC178240

Sold
$700,000

Schools & Community

Neighborhood: 

Petworth

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

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

$189,019
Asking price
$749,000
Closing costs (~8% of asking)
-$59,920
Est. remaining loan balance
-$500,061
Cash to seller
$189,019

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

February 2021

Original loan amount

$547,000

Est. remaining balance

$500,061

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Karen Fallon

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 8:30 PM

Listing updated: 10/22/2024 at 10:39 PM

Listed by: Peter E Maser, Long & Foster Real Estate, Inc. Phone #: (301) 469-4700

MLS: Bright #DCDC2154316

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