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Back 1600 E St NE
Off Market

1600 E St NE

Washington DC 20002

4
3810 sq. ft.
2951 sq. ft.
Duplex
Last sold for $1,397,399
Ari FiroozabadiAri Firoozabadi, last sold this property on 15 June 2023 after 387 days on market.

Overview

Four-unit Property in the well sought-after Kingman Park neighborhood on Capitol Hill in NE Washington, D.C. New ownership will reap the benefits of future developments planned for the area. This property boasts spacious floor plans and a favorable unit mix of two three-bedroom units and two two-bedroom units. TURNKEY ASSET: The Property has undergone recent renovations that will reduce future repairs and maintenance costs as well as limit the need for additional capital improvements by the purchaser. The scope of renovation includes significant interior and systems upgrades; and roof replacement in 2021. SELF-CONTAINED UNITS: Each unit is individually-metered for electricity and has individual heating and cooling systems (HVAC). Separately metered utilities greatly limit ownership?s expense exposure, as the cost is solely on the tenant (except for water/sewage). NEARBY NEW DEVELOPMENTS: 1600 E Street NE is encircled by three of D.C.?s most notable neighborhood revitalization (Benning Road, RFK Stadium, and the H Street Corridor) and nearby to the long-planned Hechinger Mall redevelopment. With billions of dollars flowing into the neighborhood, the Property is poised for significant future growth as the local infrastructure continues to deliver. GET PAID TO BUILD EQUITY: With as little as 5% down on a $1,700,000 loan amortized over 30 years at a 5% interest rate, ownership can expect a monthly payment of approximately $9,536, taxes included. With in-place rents averaging $3,365 per unit, new ownership can live in one of the units while still generating $1,000 of income per month. A fantastic opportunity for anyone looking to live rent free with the benefit of additional income after mortgage payments.

Features

4 bedrooms
3810 sq. ft. floor area
2951 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Washington over the last 12 months, the estimated median property value of 1600 E St NE is $770k.

Median value
$770k
Estimated value range
$550k - $935k
Median days on market
56
Estimated value trend
-11%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Washington. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1600 E St NE

2023
Sold
$1,397,399
15 Jun 2023 by Ari Firoozabadi, of Greysteel Company LLC
2018
Sold
$970,102
16 Jan 2018 by Rob & Brent, of TTR Sotheby's International Realty

Happy sellers in Washington

52%
52% of sellers in Washington reported that their sale price either exceeded or met their price expectations.

Washington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Washington over the last 12 months.

Local market activity for 4 bedroom duplexes in Washington

In the last 12 months, 11 four-bedroom duplexes similar to 1600 E St NE, have been sold.

This represents a 16% increase in four-bedroom duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Washington

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Ovgu Aslanturk

Ovgu Aslanturk is a recommended agent for Washington.  They have 5 local sales and collected 4 local reviews across the last 12 months.

  •   5   (4 reviews)
  •  4 Reviews in Washington
  •  5 Sales in Washington
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Tobin Seven

Sellers who recommend Tobin Seven have praised them for being local expert, dedicated, reliable, clear communication, responsive, strategic, and supportive

  •   5   (38 reviews)
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  •  2 Sales in Washington
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James Frieson

James Frieson is a recommended agent for Washington.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (9 reviews)
  •  1 Review in Washington
  •  1 Sale in Washington
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Katie Wethman

Sellers who recommend Katie Wethman have praised them for being local expert, responsive, supportive, clear communication, patient, honest, and well-prepared

  •   5   (146 reviews)
  •  1 Review in Washington
  •  1 Sale in Washington
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