tomo logo

$450,000

Beds
1
Baths
1.0
sq ft
796

616 E St NW Unit 720, Washington, DC 20004

616 E St NW Unit 720

WASHINGTON, DC 20004

  • 5 days on market
Bright & spacious 1BD/1BA w/large private balcony. Hardwood floors, granite countertops, & stainless steel kitchen w/breakfast bar. With in-unit W/D and a large walk-in-closet, this building has it all. There is onsite rental parking and the building has some of DC's best amenities including: rooftop pool/deck, gym, movie room, a 24hr concierge, and a club/billiards room. Ideally located adjacent to Penn Quarter shops, dining, entertainment, and only 2 blocks to the National Mall & Chinatown Metro & Capital One Arena.

Details

Property type

Condominium

Est. home value

$484,404

Lot size

Unknown

Price per sq ft

$566

Year built

2004

Annual property taxes

$4,096

HOA

No

Price History

02/26/2025
Bright

Bright #DCDC2186906

Listed
$450,000
-8.16%
08/31/2018
Bright

Bright #1002068292

Sold
$490,000

Schools & Community

Neighborhood: 

Penn Quarter

Elementary school: 

Unknown

Middle school: 

JEFFERSON MIDDLE SCHOOL ACADEMY

High school: 

Unknown

Community features: 

Pool

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

$194,875
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$219,125
Cash to seller
$194,875

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

February 2012

Original loan amount

$312,375

Est. remaining balance

$219,125

Interest rate

3.94%

Loan type

New Conventional, 30 year

Seller

Nancy Safavi

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: 03/04/2025 at 3:40 AM

Listing updated: 02/26/2025 at 1:24 PM

Listed by: Blake Hering, Samson Properties Phone #: (301) 760-2136

MLS: Bright #DCDC2186906

Bright logo