Property
Washington, DC 20032 507 Oakwood Street SE
$248,500
75 more
Presented By: Bennett Realty Solutions
Beds • 3
Baths • 2
SQFT • 1,744
Home Details
THIS IS A WONDERFUL FIXER-UPPER "BUY AND HOLD" 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. Pictures include Before Tenant Moved in and Current Condition, as Tenant never contacted Landlord to complain or report any issues for numerous years. Market rent, $2200. Property has 1 conventional 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 and no rent increases have ever been levied. 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... BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.
Presented By: Bennett Realty Solutions
Interior Features for 507 Oakwood Street SE
Bedrooms
Bedrooms Count All Lower Levels1
Bedrooms Count All Upper Levels2
Bedrooms Count Lower Level 11
Bedrooms Count Upper Level 12
Main Level Bedrooms
Total Bedrooms3
Bathrooms
Bathrooms Full Upper Level 11
Bathrooms Full Lower Level 11
Bathrooms Full All Upper Levels1
Bathrooms Full All Lower Levels1
Bathrooms Count Upper Level 11.00
Bathrooms Count Lower Level 11.00
Bathrooms Count All Upper Levels1
Bathrooms Count All Lower Levels1
Total Baths2
Other Interior Features
LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT182
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area1284
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
BasementUnfinished, Connecting Stairway, Daylight, Full, Windows, Walkout Level, Walkout Stairs, Rear Entrance
Basement (Y/N)Yes
Below Grade Finished Area460
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace FeaturesMantel(s), Brick
Fireplace Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Laundry TypeBasement, Has Laundry, Dryer In Unit, Washer In Unit, Lower Floor
Total Fireplaces1
Other Rooms
Room TypeLiving Room, Dining Room, Bedroom 2, Kitchen, Den, Bedroom 1, Laundry, Storage Room, Utility Room, Bathroom 1, Bathroom 2
Room Details for 507 Oakwood Street SE
Bathroom 1
level
Upper 1
Bathroom 2
level
Lower 1
Bedroom 1
level
Upper 1
Bedroom 2
level
Upper 1
Bedroom 2 # 2
level
Lower 1
Den
level
Lower 1
Dining Room
level
Main
Kitchen
level
Main
Laundry
level
Lower 1
Living Room
level
Main
Storage Room
level
Lower 1
Utility Room
level
Lower 1
General for 507 Oakwood Street SE
Acceptable FinancingCash, Private, FHA 203(k), Other
AccessibilityNone
Additional Parcels Y/NNo
Architectural StyleColonial
Association Recreation FeeN
Bathrooms Count Main Level0.00
Bathrooms Full Main Level
CityWASHINGTON
Condo/Coop Association Y/NNo
Construction MaterialsBrick
Cool FuelNone
CoolingCentral A/C, Window Unit(s)
CountyWASHINGTON
Days on Market145
DirectionsFrom 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'
Energy EfficientFireplace/Wood Stove
Exterior FeaturesAwning(s), Sidewalks, Street Lights
Full Baths2
Garage Y/NNo
HeatingRadiator
Historic Y/NNo
Home Owner AssocNo
Interior FeaturesFloor Plan - Traditional, Formal/Separate Dining Room
Legal SubdivisionCongress Heights
Levels3
Lot Size Square Feet2475.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-10-03T10:41:15
New ConstructionNo
Other StructuresAbove Grade, Below Grade
Patio/Porch FeaturesPorch(es), Deck(s)
Percent OwnershipFee Simple
PossessionSettlement, Immediate
Price Per Sq Ft Total AG193.54
Property ConditionAverage
Property TypeResidential
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
Security FeaturesWindow Grills
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Subdivision NameCONGRESS HEIGHTS
Tax Annual Amount2627.7
Tax Assessed Value318400.0
Tax Lot29
Tax Year2023
Total Actual Rent18000.00
Total SQFT1926
UtilitiesElectric Available, Natural Gas Available, Sewer Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1941
Year Built SourceAssessor
ZoningR-3
Exterior for 507 Oakwood Street SE
FencingWrought Iron, Decorative, Chain Link, Fully, Rear
Foundation DetailsSlab
Land Assessed Value139390.00
Land Use Code
Lot FeaturesFront Yard, SideYard(s), Rear Yard, Landlocked
Lot Size Acres0.06
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesPaved Parking, Public
PoolNo Pool
Road ResponsibilityPublic
Road Surface TypePaved
Soil TypesUrban Land-Sassafras-Chillum
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner
Price
$248,500
MLS#DCDC2121516
List Date
01/01/2024
Property Type
Single Family
Phone
(973) 332-3022