3001 Channing Street NE
Washington, DC 20018
- 5 beds
- 2 baths
- 5,000 sqft
- 14,300 sqft lot
- $153 per sqft
- 1925 build
Asking Price: $849,000 Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU). The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options. Investment Opportunities: Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million. New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project. This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don’t miss out on this exceptional opportunity!
Listing courtesy of BRIGHT / NetRealtyNow.com, LLC
Last checked:
Checking…
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Last updated Nov 4, 2024
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MLS# DCDC2151816 —
The Building
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Year Built:1925
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Other
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Structure Type:Detached
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Architectural Style:Other
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Levels:3
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Accessibility Features:None
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Foundation Details:Other
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Basement:Yes
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Basement Type:Full
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Total SqFt Source:Estimated
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Total Below Grade SqFt:1500
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Total Below Grade SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:3500
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Above Grade Finished SqFt Source:Estimated
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Estimated
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Below Grade Finished SqFt:1500
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Tax Total Finished SqFt:2353
Interior
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Fireplace:Yes
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Fireplaces:1
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:5000
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Living Area SqFt:5,000 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Private
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Possession:Settlement
Location
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Directions:Take US Alt 1 to Channing NE then the home will be on the right
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Cross Street:30th St NE
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Latitude:38.92214000
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Longitude:-76.96622000
The Property
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Property Type:Residential
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Property Condition:Major Rehab Needed
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Lot Size Units:Square Feet
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Lot Size Acres:0.33
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Lot Size Source:Estimated
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Lot SqFt:14,300 Sqft
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Zoning:R
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Water View:No
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Soil Types:Unknown
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (703) 581-8605
- Office phone:
- (703) 581-8605
Taxes
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Tax ID Number:4360//0808
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Tax Year:2023
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Tax Lot:808
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Tax Annual Amount:$1,451
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Tax Assessed Value:$575,810
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Year Assessed:2023
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City/Town Tax:1451.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:5
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Bedrooms Main Level:5
Baths
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Total Baths:2
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Full Baths:2
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Main Level Baths:2.00
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Main Level Full Baths:2
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating Type:None
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Heating Fuel:None
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Other
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Water Source:Public
Schools
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School District Name:District Of Columbia Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Woodridge
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
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Type of Parking:Driveway
Extra Units
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Vacation Rental:No
Monthly cost estimate
Asking price
$765,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,096
|
Taxes | $120 |
Insurance | $210 |
Utilities | $306 See report |
Total | $4,732/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/4/24
Nov 4, 2024
|
Price Changed | BRIGHT | $765,000 | -9.9% |
7/24/24
Jul 24, 2024
|
Listed / Active | BRIGHT | $849,000 |