For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $480,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,236 sqft
Price per Sqft $214
Subdivision Congress Heights
MLS Listing ID DCDC483698
Sold Date 09/29/20
Style Other
Bedrooms 5
Full Baths 2
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,536
Originating Board BRIGHT
Year Built 1936
Annual Tax Amount $2,132
Tax Year 2019
Lot Size 4,000 Sqft
Acres 0.09
Property Description
OPPORTUNITY ZONE ALERT!! FOR SALE: HALF THE LOT AT 546 NEWCOMB ST SE (4000 sq ft) WITH A SOLID BRICK TWO-UNIT HOME WITH BASEMENT AND PARKING FOR UP TO 6 CARS! GREAT INVESTMENT OPPORTUNITY- JUST $10-20K WILL MAKE THIS A PROFITABLE TWO UNIT RENTAL PROPERTY! Weekend warriors, professional developers and everyone in between will see the value in this easily updated two-unit brick home. Currently configured as 5 beds/2.5 baths, but easily converted to two units-- small carpeted upstairs already has all plumbing for a kitchen, plus there are separate entrances from the exterior! Newer windows all the way around, brick is in great shape, and roof is too! Just blocks to the Mystics Arena, Oxon Run Park, Tennis, Pool, Arts/Culture Center and more, plus a 14 minute walk to Congress Heights Metro too! Buy this on its own or purchase with 542 Newcomb St SE, an extra 4000 sq ft lot, to build another home next door or to preserve the enormous double lot for a yard. Zoning allows 2 units per lot. Buyer and Seller to share in cost of subdivision if lots are not purchased together. Opportunity Zones allow DEFERMENT of any gain used to acquire the property until 2026 and EXEMPTION from new gain on this investment, if held for 10 years. Google "Opportunity Zone Overview Tax Policy Center" for more information.
Location
State DC
County Washington
Zoning R-3
Rooms
Main Level Bedrooms 1
Interior
Interior Features Wood Floors
Hot Water Electric
Heating Steam
Cooling None
Flooring Wood
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Shingle,Composite
Accessibility None
Garage N
Building
Story 2
Sewer Public Septic
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 5984//0804
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Nathan B Ward • Compass