507 Oakwood Street Southeast
507 Oakwood Street Southeast
Washington, DC 20032
$305,000
Price
3
Beds
2
Baths
1,744 Sq. Ft.
$175 / Sq. Ft.
1,744
Sq. Ft.
$175
per Sq. Ft.
Active Under Contract
Active Under Contract
Description
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...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.
- Listed by Nefretiti N Makenta • Bennett Realty SolutionsP: 2027922722 re123@livefascinated.com
Property Details for 507 Oakwood Street Southeast
Tax ID Number
6001//0029
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeTwin/Semi-Detached
StyleColonial
Levels/Stories3
WaterfrontNo
Location
Listing Courtesy of Bennett Realty Solutions
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LISTING UPDATED: 05/20/2024 08:31 PM
Property Details for 507 Oakwood Street Southeast
| Status | Active Under Contract |
|---|---|
| MLS # | DCDC2121516 |
| Days on Market | 71 |
| Taxes | $2,628 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Townhouse |
| MLS Type | Residential / Fee Simple |
| Year Built | 1941 |
| Lot Size | 0.06 AC / 2,475 SF |
| County | District of Columbia |
Location
Listing Courtesy of Bennett Realty Solutions
Add your commute
Building Information for 507 Oakwood Street Southeast
Stories3Residences-Year Built1941Lot Size0.06 AC / 2,475 SF
Payment Calculator
$1,884 per month
30 year fixed, 7.25% Interest
Principal and Interest
$1,665
Property Taxes
$219
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 507 Oakwood Street Southeast
Location
Location
- In City Limits: Yes
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: Listing Agent
- County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Senior Community: No
- Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2023
- Tax Assessed Value: $318,400
- Year Assessed: 2023
- County Tax: $0
- Improvement Assessed Value: $179,010
- City Town Tax: $2,628
- Land Assessed Value: $139,390
- Clean Green Assessed: No
- Land Use Code: 0
- Historic: No
- Zoning: R-3
- Tax Lot: 29
- School Tax: $0
- Automatically Update Tax Values Y/N: No
Rooms
Main
- # Bedrooms Count Main Level: 0
- # Bathrooms Count Main Level: 0
- # Bathrooms Full Main Level: 0
All Upper Levels
- # Bedrooms Count All Upper Levels: 2
- # Bathrooms Count All Upper Levels: 1
- # Bathrooms Full All Upper Levels: 1
Upper Level 1
- # Bedrooms Count Upper Level: 2
- # Bathrooms Count Upper Level: 1
- # Bathrooms Full Upper Level: 1
All Lower Levels
- # Bedrooms All Lower Levels: 1
- # Bathrooms All Lower Levels: 1
- # Bathrooms Full All Lower Levels: 1
Lower Level 1
- # Bedrooms Lower Level: 1
- # Bathrooms Lower Level: 1
- # Bathrooms Full Lower Level: 1
Rooms
- Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Den, Bedroom 1, Laundry, Storage Room, Utility Room, Bathroom 1, Bathroom 2
- Stories: Lower 1, Main, Upper 1
Rooms Information
Room 1
- Room Type: Bedroom 1
- Room Level: Upper 1
- Room Exists: Yes
Room 2
- Room Type: Bedroom 2
- Room Level: Upper 1
- Room Exists: Yes
Room 3
- Room Type: Bathroom 1
- Room Level: Upper 1
- Room Exists: Yes
Room 4
- Room Type: Living Room
- Room Level: Main
- Room Exists: Yes
Room 5
- Room Type: Dining Room
- Room Level: Main
- Room Exists: Yes
Room 6
- Room Type: Kitchen
- Room Level: Main
- Room Exists: Yes
Room 7
- Room Type: Bedroom 2
- Room Level: Lower 1
- Room Exists: Yes
Room 8
- Room Type: Bathroom 2
- Room Level: Lower 1
- Room Exists: Yes
Room 9
- Room Type: Den
- Room Level: Lower 1
- Room Exists: Yes
Room 10
- Room Type: Laundry
- Room Level: Lower 1
- Room Exists: Yes
Room 11
- Room Type: Utility Room
- Room Level: Lower 1
- Room Exists: Yes
Room 12
- Room Type: Storage Room
- Room Level: Lower 1
- Room Exists: Yes
Building Info
Green Info
- Green Energy Efficient: Fireplace/Wood Stove
Building Info
- Total Finished SQFT: 1,744.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,744.00
- Total SQFT: 1,926.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Basement Type: Unfinished, Connecting Stairway, Daylight, Full, Windows, Walkout Level, Walkout Stairs, Rear Entrance
- Foundation Details: Slab
- Room and Floor: Bedrooms-Upper Level 1-1, Bedrooms-Upper Level 1-2, Bedrooms-Lower Level 1-1, Bathrooms Full-Upper Level 1-1, Bathrooms Full-Lower Level 1-1
- # Bathrooms Full: 2
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Lot Features: Front Yard, SideYard(s), Rear Yard, Landlocked
- Soil Types: Urban Land-Sassafras-Chillum
- Road Surface Type: Paved
- Road Responsibility: Public
- Fencing: Wrought Iron, Decorative, Chain Link, Fully, Rear
- Parcel ID: 16106317
- Additional Parcels: No
Parking
Parking
- Type Of Parking: On Street
- Parking Features: Paved Parking, Public
Interior Features
Interior Features
- Interior Features: Floor Plan - Traditional, Formal/Separate Dining Room
- Fireplace: Yes
- Fireplaces Count: 1
- Fireplace Features: Mantel(s), Brick
- Accessibility Features: None
- Security Features: Window Grills
- Laundry Type: Basement, Has Laundry, Dryer In Unit, Washer In Unit, Lower Floor
Exterior Features
Exterior Features
- Exterior Features: Awning(s), Sidewalks, Street Lights
- Outdoor Living Structures: Porch(es), Deck(s)
- Pool: No Pool
Utilities
Utilities
- Utilities: Electric Available, Natural Gas Available, Sewer Available
- Heating: Yes
- Cooling Type: Central A/C, Window Unit(s)
- Cooling Fuel: None
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent AOR: Greater Capital Area Association of REALTORS
Property History for 507 Oakwood Street Southeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 507 Oakwood Street Southeast
Taxable ValueLand$135,430Additions$173,710Total$309,140
Tax Record2023$2,667 ($222 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,284 SqFtAbove Grade Finished SqFt1,284 SqFtStories2Lot Size2,475 SqFtStyleSingle Family ResidenceYear Built1941ZoningR-3CountyDISTRICT OF COLUMBIAAPN6001 0029
Schools near 507 Oakwood Street Southeast
This home is within District Of Columbia Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
King Elementary School PublicPK to 5 | ||
Hart Middle School Public6 to 8 | ||
Ballou High School Public9 to 12 | ||
Dorothy Heights PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Bennett Realty Solutions
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 05/20/2024 08:31 PM