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$1,130,000

Beds
5
Baths
3.5
sq ft
2,480

716 Gallatin St NW, Washington, DC 20011

716 Gallatin St NW

WASHINGTON, DC 20011

  • 138 days on market
    • Price drop $40,000↓
    • Open house Jul 28
Petworth was developed somewhat later than its neighbor, 16th Street Heights, which is evident from the distinct architectural identity of each of these locations. As a growing middle class needed housing, Petworth responded to that urban density which is evident from the number of elegant rowhouses found here as distinguished from larger, detached houses nearby. Still wanting space and comfort, these rowhouses had many of the same details that made both neighborhoods desirable. A completely fresh interpretation was undertaken, making this residence as fine as it was when originally constructed in 1925, now comprising 2,500 square feet. With the goal of making each floor as comfortable and bright as possible, the room arrangement, layout, and color palette were carefully considered in the design of this handsome renovation. The first floor offers a large, open kitchen, with an entrance from the garden as well as the front of the house, which allowed for the creation of a mudroom, without being closed off from the main living space. Care was taken in the plan as well as the execution of the interior, which is obvious from the principal bedroom with ensuite bathroom and walk-in closet, two additional bedrooms and bathroom, and laundry, all of which are found on the second floor. More ceiling height was created on the lower level to ensure that sufficient living space as well as egress were created. A family room with bar, two additional bedrooms, a full bathroom, and laundry are found on the lower level, providing an environment for many other uses. The outdoor space was created to provide enough room to entertain while minimizing maintenance. The property includes off-street parking for one car.

Details

Property type

Townhouse

Est. home value

$614,632

Lot size

1,350 sq ft

Price per sq ft

$456

Year built

1925

Annual property taxes

$36,038

HOA

No

Price History

06/22/2024
Bright

Bright #DCDC2131996

Price change
$1,130,000
-3.42%
03/11/2024
Bright

Bright #DCDC2131996

Listed
$1,170,000
+95%
04/07/2023
Bright

Bright #DCDC2086018

Sold
$600,000

Schools & Community

Neighborhood: 

Petworth

Elementary school: 

Unknown

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

Tvc Funding Ii Llc

Loan start date

April 2023

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Building or Construction Loan

Seller

Dc Metro Investments Llc

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: 07/27/2024 at 2:30 AM

Listing updated: 07/26/2024 at 8:03 PM

Listed by: John Fazio, Compass Phone #: (202) 386-6330

MLS: Bright #DCDC2131996

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