$399,000
$475,000
16.0%For more information regarding the value of a property, please contact us for a free consultation.
2831 OTIS ST NE Washington, DC 20018
3 Beds
1 Bath
2,140 SqFt
Key Details
Sold Price $399,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,140 sqft
Price per Sqft $186
Subdivision Woodridge
MLS Listing ID DCDC2145268
Sold Date 08/28/24
Style Colonial
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,500
Originating Board BRIGHT
Year Built 1946
Annual Tax Amount $5,818
Tax Year 2023
Lot Size 5,965 Sqft
Acres 0.14
Property Description
This property offers substantial potential for renovation and expansion. Situated on a spacious 7200 sqft lot with alley access, the house includes a walk-out basement, allowing for expansion on three levels by extending the rear of the property. It is ideal for investors looking to maximize returns through strategic upgrades. Investors take note! This property boasts a prime location on a one-way street directly across from the Missionaries of Charity. The area is witnessing a trend of investors expanding homes and adding garages or accessory dwellings to maximize space and value.
Expansion Potential: With alley access and a walk-out basement, this property offers ample opportunity for renovation and multi-level expansion.
Consider 203k rehab loans or cash purchases to capitalize on this promising investment.
Location
State DC
County Washington
Zoning R-1
Rooms
Basement Connecting Stairway, Walkout Level
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplaces Number 1
Fireplace Y
Heat Source Natural Gas
Exterior
Fence Chain Link
Water Access N
Accessibility None
Garage N
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 4307//0072
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA 203(b)
Listing Terms Cash, Conventional, FHA 203(b)
Financing Cash,Conventional,FHA 203(b)
Special Listing Condition Standard
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Bought with Johanna Crawford • Samson Properties