Find us on...
Dashboard
- 3 Beds
- 2 Baths
- 1,744 Sqft
- .06 Acres
507 Oakwood St Se
TOPA Title Underwriting Completed. TOPA Affidavit signed by Tenant and notarized 5/8/24. All other title work completed, as well. 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.
Essential Information
- MLS® #DCDC2121516
- Price$305,000
- Bedrooms3
- Bathrooms2.00
- Full Baths2
- Square Footage1,744
- Acres0.06
- Year Built1941
- TypeResidential
- Sub-TypeTwin/Semi-Detached
- StyleColonial
- StatusActive Under Contract
Community Information
- Address507 Oakwood St Se
- SubdivisionCONGRESS HEIGHTS
- CityWASHINGTON
- CountyWASHINGTON-DC
- StateDC
- Zip Code20032
Amenities
- AmenitiesFormal/Separate Dining Room
- ParkingPaved Parking, PublPark
Utilities
Electric Available, Natural Gas Available, Sewer Available
Interior
- Interior FeaturesFloor Plan-Traditional
- HeatingRadiator
- CoolingCentral A/C, Window Unit(s)
- Has BasementYes
- FireplaceYes
- # of Fireplaces1
- FireplacesMantel(s), Brick
- # of Stories3
- Stories3
Basement
Unfinished, Connecting Stairway, Daylight, Full, Windows, Walkout Level, Walkout Stairs, Rear Entrance
Exterior
- ExteriorBrick and Siding
- FoundationSlab
Exterior Features
Sidewalks, Fenced-Rear, Awning(s), Street Lights, Decorative Fence, Fenced-Fully, Chain Link Fence, Wrought Iron, Deck(s), Porch(es)
Lot Description
Rear Yard, Landlocked, Front Yard, SideYard(s)
School Information
District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Additional Information
- Date ListedJanuary 1st, 2024
- Days on Market71
- ZoningR-3
Listing Details
- OfficeBennett Realty Solutions
- Office Contact(301) 646-4047
Price Change History for 507 Oakwood St Se, WASHINGTON, DC (MLS® #DCDC2121516)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract | – | – | |
| Price Increased | $305,000 | $26,400 (9.48%) | |
| Price Reduced | $278,600 | $100 (0.04%) | |
| Price Reduced | $278,700 | $100 (0.04%) | |
| Price Reduced | $278,800 | $100 (0.04%) | |
| Show More (5) | |||
| Price Reduced | $278,900 | $100 (0.04%) | |
| Price Reduced | $279,000 | $20,000 (6.69%) | |
| Price Reduced | $299,000 | $10,000 (3.24%) | |
| Price Reduced (from $329,000) | $309,000 | $20,000 (6.08%) | |
| Active (from Coming Soon) | – | – | |
© 2020 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Coldwell Banker Residential Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Coldwell Banker Residential Realty are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
Listing information last updated on May 20th, 2024 at 2:30am CDT.