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$700,000

Beds
3
Baths
3.0
sq ft
1,808

731 Fairmont St NW Unit 1, Washington, DC 20001

731 Fairmont St NW Unit 1

WASHINGTON, DC 20001

  • 34 days on market
Welcome to this stunning 2-level condo, offering a versatile floor plan, South-facing windows, secured garage parking, and high-end finishes. Renovated in 2020, the home boasts numerous custom upgrades, including custom closets, a commercial-grade garage door, Rejuvenation lighting, fresh paint, and a new dishwasher. Additional shelving has been thoughtfully added in the primary bedroom, storage closet, and laundry area for enhanced convenience. Luxury touches abound, from the sleek white oak floors and custom baseboards to solid wood doors and premium KitchenAid appliances. The home is further elevated by designer tile selections, modern hardware, stylish light fixtures, and smart home features such as keyless entry and Nest thermostat. Situated atop a hill in the highly sought-after Fairmont neighborhood, this home offers treetop views, abundant natural light, and enhanced privacy, with the added bonus of stair-free access from the rear parking area. Its location is unbeatable—nestled between the vibrant U Street Corridor and Columbia Heights, you're just a short stroll from two Metro stations. Enjoy proximity to a wealth of local hotspots: 5 blocks south takes you to the Whole Foods, Andy’s Pizza, Landmark Theatres, and the legendary 9:30 Club, while 6 blocks north brings you to St. Vincent Wine Bar, Sonny's Pizza, Midlands DC, and a variety of dining and shopping gems. Appraised over value twice and investment friendly—a rare opportunity to get a home this size in Northwest Washington DC! Previous owners have successfully rented with strong rental income. Whether you're looking for the perfect setup for roommates, a family, or a young professional with a home office, this home offers it all. Join us for an Open House on Sunday 10/6 from 12:30–2:30 PM. This home won’t be on the market for long - schedule your showing today!

Details

Property type

Condominium

Est. home value

$761,944

Lot size

Unknown

Price per sq ft

$388

Year built

1909

Annual property taxes

$6,715

HOA

No

Price History

11/19/2024
Bright

Bright #DCDC2169310

Listed
$700,000
-6.67%
08/31/2023
Bright

Bright #DCDC2095676

Sold
$750,000
+0.13%
02/23/2023
Bright

Bright #DCDC2081640

Sold
$749,000
+3.32%

Schools & Community

Neighborhood: 

Columbia Heights

Elementary school: 

Unknown

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

-$46,648
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$690,648
Cash to seller
-$46,648

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

September 2023

Original loan amount

$700,000

Est. remaining balance

$690,648

Interest rate

6.78%

Loan type

New Conventional, 30 year

Seller

William Gregory Rumph Iv and Jerissa E Rumph

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 1:15 AM

Listing updated: 12/06/2024 at 4:39 AM

Listed by: Stephen Gabauer, CENTURY 21 New Millennium Phone #: (202) 546-0055

MLS: Bright #DCDC2169310

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