546 Newcomb Street Southeast

Washington DC 20032

2304 sq. ft.

4000 sq. ft.

Single-Family

Last sold for $480,000

David Bediz, last sold this property on 29 September 2020 after -1 days on market.

Overview

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.

Features

5 bedrooms

3 bathrooms

2304 sq. ft. floor area

4000 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Washington over the last 12 months, the estimated median property value of 546 Newcomb Street Southeast is $510k.

Median value

$510k

Estimated value range

$322.5k - $750k

Median days on market

Estimated value trend

-19%

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 546 Newcomb Street Southeast

2020

Sold

$480,000

29 Sep 2020 by David Bediz, of Keller Williams Capital Properties

Happy sellers in Washington

We have insufficient information to provide an overview of customer satisfaction for Washington. Viewing the agent profiles, reviews and sales for Washington can provide insights for this location.