tomo logo

$699,000

Beds
3
Baths
2.5
sq ft
1,888

55 Rhode Island Ave NW Unit 1, Washington, DC 20001

55 Rhode Island Ave NW Unit 1

WASHINGTON, DC 20001

  • 303 days on market
    • Price drop $30,900↓
AMAZING NEW PRICE!!! YOU CANNOT BEAT THIS OPPORTUNITY! With 1,850+ square feet, with separately deeded parking and SUPER LOW condo fee. Make the space your own and build instant equity. With the amenities of a large federal row home combined with the ease of condo living creating the ultimate city lifestyle in this industrial loft-style condo that lives like a house. Welcome to 55 Rhode Island Avenue NW, an intimate two-unit condominium building converted in 2006. The expansive loft-style spaces of this duplex unit offer endless possibilities. Painted brick walls and newly installed hardwood floors define the main level, which is lit by recessed lighting throughout and scattered with effectively placed decorative fixtures. Enter directly into the main living area and feel the true amount of space this home offers. The living area, with a storage/coat closet and main level half bath flows into an open, gourmet kitchen with high gloss cabinetry, stainless appliances and poured concrete countertops. A spacious rear dining room with additional high gloss cabinet storage opens to a rear balcony via a sliding glass door with direct access to the unit’s separately deeded parking spot. Just off the kitchen an industrial, open concrete and metal staircase leads to the sleeping level and the home's three bedrooms and two full baths, all of which feature exposed painted duct work and poured concrete vanities. The middle and rear bedrooms share a full hall bath and the rear bedroom has a sliding glass door leading to a private patio area and access up to the assigned parking space. The primary bedroom, at the front of the home, is highlighted by a customized walk-in closet, en suite full bathroom with dual vanities, tiled shower, and separate jetted tub, as well as another charming front patio area with built-in planters. This self-managed building is pet friendly and features a low monthly condo fee of $230.00 per month. Ideal for an owner occupant OR as an amazing investment property. Welcome home! (Please note: photos are from when property was staged; unit is currently vacant and unfurnished)

Details

Property type

Condominium

Est. home value

$760,425

Lot size

Unknown

Price per sq ft

$371

Year built

1909

Annual property taxes

$6,942

HOA

No

Price History

03/07/2024

Bright #DCDC2110578

Listed
$699,000
-10.27%
07/11/2017

Bright #1003384057

Sold
$779,000

Schools & Community

Neighborhood: 

Bloomingdale

Elementary school: 

GARRISON

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

Revere Bank

Loan start date

July 2017

Original loan amount

$116,850

Est. remaining balance

Not provided

Interest rate

3.07%

Loan type

Commercial

Seller

Dustin Cornell Allen and Tiffany Poak Yoon

Lender

First Savings Mortgage Corporation

Loan start date

July 2017

Original loan amount

$584,250

Est. remaining balance

Not provided

Interest rate

3.95%

Loan type

New Conventional

Seller

Dustin Allen and Tiffany Yoon

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: 07/06/2024 at 12:55 AM

Listing updated: 05/22/2024 at 4:12 AM

Listed by: Robert Crawford, TTR Sotheby's International Realty Phone #: (301) 967-3344

MLS: Bright #DCDC2110578

Bright logo