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$555,000

Beds
4
Baths
4.0
sq ft
1,710

5602 Clay Pl NE, Washington, DC 20019

5602 Clay Pl NE

WASHINGTON, DC 20019

  • 338 days on market
    • Price drop $24,000↓
What's your highest and best offer for this unique property. All offers will be reviewed. This Deanwood neighborhood qualifies for enticing bank funded programs for buyers. Recently renovated, this 4BR/4BA home is bigger than it looks with just over 3000 sq ft of living space. Additional upgrades done in 2023 including walk-in pantry and upgraded flooring in upstairs ensuite bath. Don't need all the space ... this property offers a special opportunity to allow a tenant to help pay your mortgage. An abundance of natural light adds to the pluses for this property while the living room and dining area opening to each other provides great space for entertaining or casual living. Features of note include walk-in kitchen pantry, stainless appliances, granite countertops, bamboo flooring, new wall-to-wall carpeting in bedrooms and on stairs, new tile flooring in upstairs ensuite bathroom and fresh coat of paint throughout. It has two cozy decks offering wooded views of a fenced rear yard for enjoying your morning coffee or evening drinks to relax & unwind. Lower level exits to one of the two decks and features two bedrooms, rec room, full bath, laundry area & crawl space offering additional storage. You'll appreciate off street parking to accommodate two cars, the secure package drop box on the front porch for home deliveries for Amazon fans along with Cinch's home warranty protection plan. It's just minutes from Deanwood Metro Station and Deanwood's state-of-the-art Aquatic & Recreation Center. Photos include virtual staging & virtual lawn depiction.

Details

Property type

Single Family Residence

Est. home value

$510,814

Lot size

5,000 sq ft

Price per sq ft

$325

Year built

1920

Annual property taxes

$10,965.5

HOA

No

Price History

10/03/2024
Bright

Bright #DCDC2125308

Price change
$555,000
-4.15%
07/17/2024
Bright

Bright #DCDC2125308

Price change
$579,000
-3.34%
02/10/2024
Bright

Bright #DCDC2125308

Listed
$599,000
+42.62%

Schools & Community

Neighborhood: 

East Corner

Elementary school: 

DREW

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

$92,254
Asking price
$555,000
Closing costs (~8% of asking)
-$44,400
Est. remaining loan balance
-$418,346
Cash to seller
$92,254

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

April 2022

Original loan amount

$440,000

Est. remaining balance

$418,346

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

Bryan W Wood and Artrice Janae Mccreawood

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: 12/23/2024 at 12:55 AM

Listing updated: 12/05/2024 at 11:44 AM

Listed by: Guinevere Jones-Wood, Long & Foster Real Estate, Inc. Phone #: (202) 966-1400

MLS: Bright #DCDC2125308

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