UPDATED:
11/25/2024 04:28 PM
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Subdivision Brookland
MLS Listing ID DCDC2111262
Style Unit/Flat
Bedrooms 2
Full Baths 1
Condo Fees $350/mo
HOA Y/N N
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $5,414
Tax Year 2020
Property Description
For owner occupants only! Income restrictions apply! This is an ADU (Affordable Dwelling Unit.)
See guidelines in the Documents section. Welcome to a unique opportunity to own a spacious two-bedroom co-operative apartment in the heart of a rapidly gentrifying area in Washington, D.C. Priced at an astonishingly low $165,000, this exceptional unit provides an affordable gateway into the bustling capital city. Situated in a vibrant neighborhood with easy access to public transportation, including two Metro stations, this co-op offers a remarkable combination of location, size, and value that is truly a one-time opportunity of a lifetime.
Property Overview:
Price: $165,000
Monthly Fee: $350
Square Footage: Approximately 950 sq. ft.
Bedrooms: 2
Bathrooms: 1
Monthly Savings with Solar Panels: Approx. $80
Neighboring 2 BR Units: Priced upwards of $550,000
Affordability:
The price of this co-op is a rare gem in a city known for its high living costs. With an asking price of $165,000, this unit provides a unique chance to own property in one of the nation's most sought-after cities at a fraction of the cost. What's more, the monthly fee of just $350 is significantly lower than the average in the area.
Monthly Savings:
Imagine saving an additional $80 per month on your electric bills, thanks to the recently installed solar electric panel system. This upgrade not only helps you reduce your carbon footprint but also puts money back in your pocket. It's a win-win for your wallet and the environment.
Size and Layout:
This co-op, boasting approximately 950 square feet of space, offers generous room for comfortable living. The layout includes two spacious bedrooms, a full bathroom, a well-maintained kitchen, and a welcoming living room with a large bay window that fills the space with natural light.
Bedrooms and Storage:
Both bedrooms in this unit are well-proportioned and offer good closet space. The larger bedroom, located at the rear of the unit, overlooks a private deck, creating a serene retreat within the city. Whether you're starting a family or simply need extra space, this co-op can accommodate your needs.
In-Unit Laundry:
Enjoy the convenience of a full-size washer and dryer right in your own home. No more trips to the laundromat or shared laundry facilities – this co-op provides the ease and comfort of in-unit laundry.
Kitchen and Bath:
The kitchen is in excellent shape, ready for your culinary creations. The full bathroom is also well-maintained, offering all the essential amenities for your daily routines.
Home Ownership Opportunity:
This co-op is an exceptional opportunity for an owner occupant looking in an area undergoing rapid gentrification. Similar two-bedroom units in neighboring buildings are selling for upwards of $550,000, making this unit a rare and valuable opportunity to build equity while enjoying affordable living.
Maintenance Required:
Please be aware that this apartment is bank-owned and, as such, requires a bit of TLC. A fresh coat of paint and new carpet or other flooring will go a long way in transforming this space into your dream home. A few minor repairs are also needed, but with some love and attention, this co-op can become the perfect place to call your own.
Seller strongly prefers settlement at National Capital Title, which already has title work.
Location
State DC
County Washington
Zoning 027
Rooms
Basement Outside Entrance
Main Level Bedrooms 2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet
Inclusions All "as is" and "where is".
Equipment Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer
Fireplace N
Appliance Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer
Heat Source Natural Gas
Laundry Dryer In Unit, Washer In Unit
Exterior
Amenities Available None
Water Access N
Street Surface Black Top
Accessibility Other
Garage N
Building
Story 2
Unit Features Garden 1 - 4 Floors
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Trash,Water,Ext Bldg Maint,Lawn Maintenance,Management,Pest Control,Reserve Funds,Snow Removal,Sewer
Senior Community No
Tax ID 3558//0109
Ownership Cooperative
Acceptable Financing Cash, Bank Portfolio, Private
Listing Terms Cash, Bank Portfolio, Private
Financing Cash,Bank Portfolio,Private
Special Listing Condition REO (Real Estate Owned)
Pets Description Case by Case Basis
