Washington, DC 20018,2831 OTIS ST NE
Washington, DC 20018,2831 OTIS ST NE
Washington, DC 20018,2831 OTIS ST NE
$399,000
Est. payment /mo
$475,000
16.0%
Est.Price: ?

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3 Beds
1 Bath
2,140 SqFt
SOLD DATE : 08/28/2024

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

Waterfront N

Water Access N

Accessibility None

Parking Type Off Street

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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Bright MLS (BMLS)
Listed by Tanya L Slade • Long & Foster Real Estate, Inc.
Bought with Johanna Crawford • Samson Properties

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Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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