5012 7TH ST NW Under Contract

Washington,DC 20011

$ 549500

3 Beds

2 Baths

1700 SqFt


Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Under Contract

Purchase Type For Sale

Square Footage 1,700 sqft

Price per Sqft $323

Subdivision Petworth

MLS Listing ID DCDC2168340

Style Colonial

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1926

Annual Tax Amount $5,986

Tax Year 2024

Lot Size 1,260 Sqft

Property Description

HOMEOWNER & INVESTOR OPPORTUNITY IN PETWORTH! Spacious 3BR/1.25BA brick row home on a lovely street in the heart of Petworth! This home has great bones, high ceilings, original hardwood floors and transoms over the doorways! There is a finished basement with an attached garage + off-street parking, and room for a huge deck (check out the neighbors)! This home is in livable condition, perfect for the homeowner willing to put in sweat equity! At 2,080 sq ft on three levels (1,400sf on top floors + 680 on the lower level), it is large enough to easily add upgrades like a 2nd full bath upstairs or powder room on the main level; or you could completely reimagine the space; the options are endless! For investors, the property layout and size make it an easy flip! Similar-sized, newly renovated homes just blocks away have recently sold for over $1 million. For owner-occupant buyers, this home qualifies for the United Bank Welcome Home Program, offering a $10,000 grant towards downpayment and/or closing costs, a minimum downpayment as low as 3%, a below market interest rate, no PMI, and a standard 30 day closing date. This home has so much potential and is a great investment whether you plan to live in it or flip it for a quick profit! Steps to Rock Creek Park, Fort Totten Metro Station, restaurants/shopping. Minutes to Silver Spring; easy commute to VA! No reassignments. GCAAR contract required.

Location

State DC

County Washington

Zoning R-3

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Central A/C

Exterior

Parking Features Garage - Rear Entry,Inside Access

Garage Spaces 1.0

Water Access N

Building

Story 3

Foundation Other

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Acceptable Financing Cash,Conventional,FHA

Listing Terms Cash,Conventional,FHA

Special Listing Condition Standard

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