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507 Oakwood Street SE Washington, DC $ 305,000
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$ 305,000 Get more info
507 Oakwood Street SE
$ 305,000
Back to search
Share Save

507 Oakwood Street SE

Washington, DC, 20032
$ 305,000
Bedrooms3 Baths2.0 Sq 1,744

Monthly Estimate*

$ 2,027

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Single Family Home for sale in Washington, DC for $305,000 with 3 bedrooms and 2 full baths. This 1,744 square foot home was built in 1941 on a lot size of 0.06.

TOPA Title Underwriting Completed. TOPA Affidavit signed by Tenant and notarized May 2024. All other title work completed, as well. Tenant expressed interest in purchasing, but she could not/did not follow through in more than 7 months... THIS IS A WONDERFUL FIXER-UPPER INVESTMENT (*OPPORTUNITY ZONE*, see below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER BLOCK. 2 LARGE BEDROOMS ON THE TOP FLOOR; 1 DECENT-SIZED BEDROOM IN BASEMENT. BASED ON THE CURRENT CONFIGURATION AND WITH >1900SF OF INTERIOR SPACE. BUYER CAN EASILY ADD ADDITIONAL BEDROOMS AND A 1/2 BATH ON THE MAIN FLOOR, WHICH INCLUDES A BEAUTIFUL WOOD-BURNING FIREPLACE. PROPERTY ALREADY HAS A GOOD BASEMENT CEILING HEIGHT, APPROXIMATELY 7-FEET, NO NEED TO DIG DOWN FOR ADDED VALUE. ARV $489K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR $495K) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED BATHROOMS AND KITCHEN. GREAT BONES. Property Being Sold Strictly As-Is. Plat attached: Image 6. INVESTOR ALERT. INVESTOR SPECIAL. Buying and investing in a property in an *OPPORTUNITY ZONE can provide a great opportunity for capital gains tax deferral, reduction and abatement, ETC., possibly even better than the 1031 Exchange, they say... Market rent, $2200. Property has 1 conventional (non-HCVP, non-Section 8) tenant paying $1,500 per month, plus all utilities (gas, water and electric). Solid rent payment history. Tenant is on a month-to-month lease; lives with 1 "authorized occupant" adult relative; and no rent increases have ever been levied. Pictures include Before Tenant Moved in and Current Condition, as Tenant never contacted Landlord to complain or report any issues for numerous years. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.

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Single Family Contingent

Price

$ 305,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 2,627

Style

Colonial

Lot Size

0.06

Year Built

1941

Town/City

Washington

County/Region

WASHINGTON

MLS | Web ID

DCDC2121516
Features
General
Interior Features Floor Plan - Traditional Formal/Separate Dining Room
Sewer Public Sewer
Heating Radiator
Cooling Central A/C Window Unit(s)
Utilities Electric Available Natural Gas Available Sewer Available
Possession Settlement
Exterior Features Awning(s) Sidewalks Street Lights
Zoning R-3
Patio/Porch Features Porch(es) Deck(s)
Architectural Style Colonial
Security Features Window Grills
Construction Materials Brick
Year Built 1941
Levels 3
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Accessibility None
County WASHINGTON
New Construction N
Property Type Residential
HOA / Comm Assn N
Energy Efficient Fireplace/Wood Stove
Subdivision Name CONGRESS HEIGHTS
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE UNDER CONTRACT
Directions From 295 Take the Malcom X Avenue Exit Turn left. Property is on the left. PROPERTY IS CONVENIENTLY LOCATED RIGHT OFF OF MALCOLM X AVENUE LESS THAN A MILE FROM THE MULTI-MILLION DOLLAR ST ELIZABETH'
City WASHINGTON
Buyer Agent Compensation 0
Senior Community Y/N N
Lot Size Square Feet 2475.00
Waterfront Y/N N
Street Name OAKWOOD
Tax Annual Amount 2627.7
Property Condition Average
Structure Type Twin/Semi-Detached
Condo/Coop Association Y/N N
Bathrooms Full Main Level 0
Bathrooms Count Main Level 0.00
Price Per Sq Ft Total 237.54
Acceptable Financing Cash Private Other
Additional Parcels Y/N N
Historic Y/N N
Vacation Rental Y/N N
Days on Market 71
Standard Status Active Under Contract
Year Built Source Assessor
Legal Subdivision Congress Heights
Tax Lot 29
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Interior
Heating Fuel Natural Gas
Basement Unfinished Connecting Stairway Daylight Full Windows Walkout Level Walkout Stairs Rear Entrance
Total Fireplaces 1
Fireplace Features Mantel(s) Brick
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 1284
Full Baths 2
Street Suffix STREET
Central Air Y/N Y
Total Bedrooms 3
Below Grade Finished Area 460
Room Type Living Room Dining Room Bedroom 2 Kitchen Den Bedroom 1 Laundry Storage Room Utility Room Bathroom 1 Bathroom 2
Main Level Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Laundry Type Basement Has Laundry Dryer In Unit Washer In Unit Lower Floor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Pool No Pool
Fencing Wrought Iron Decorative Chain Link Fully Rear
Parking Features Paved Parking Public
Lot Features Front Yard SideYard(s) Rear Yard Landlocked
Water Source Public
Type of Parking On Street
Foundation Details Slab
Water View Y/N N
Lot Size Acres 0.06
Road Surface Type Paved
Lot Size Units Square Feet
Lot Size Source Assessor
Soil Types Urban Land-Sassafras-Chillum
Road Responsibility Public
Land Assessed Value 139390.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 507
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* Excluded Features
List By
Bennett Realty Solutions

Broker

re123@livefascinated.com

Email

Affordability Calculator

$2,246
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,027
Monthly Property Taxes
$219
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533234 Elementary School
3533273 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/29/2024$278,600 -0.04% Price Down
3/20/2024$278,700 -0.04% Price Down
3/14/2024$278,800 -0.04% Price Down
3/9/2024$278,900 -0.04% Price Down
2/26/2024$279,000 -6.69% Price Down
2/16/2024$299,000 -3.24% Price Down
2/8/2024$309,000 -6.08% Price Down
12/12/2023$329,000 Listed Price

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507 Oakwood Street SE, Washington, DC, 20032 is a Single Family Home for sale at $305,000 with 1,744 sqft and a lot size of 0.06. 507 Oakwood Street SE has 3 bedrooms, 2.0 baths, and was built in 1941. The property's zip code is 20032 which is in Washington, DC

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