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Backup Offers

1017 17th Pl NE, Washington, DC, 20002

$997,500

Home List Price

$10,000*

Closing Credit

0 Baths
2,810 SqFt
$355/SqFt
Multi
Schools Nearby

Location

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1017 17th Pl NE, Washington$997,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1936
HeatingForced Air
CoolingNone
MLS #DCDC2129360
Lot Size0.09 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 1017 17th Pl NE

***EXCELLENT OPPORTUNITY FOR DEVELOPER*** Welcome to 1017 17th Place NE a multiple unit apartment building located in the subdivision of Trinidad/Langston Carver, Washington DC. Each unit offers 1 bedroom/1 bath with extended bump out. Excellent opportunity for a multiple unit condo conversion. Lot size: 3,744 s/f; Zoning RA-2; NO PLANS OR PERMITS. Very deep rear yard. Parking up to 3-4 vehicles. Projected Condo Project: 8 units = (8) 2-bdrm at 1,074 s/f each ($483 s/f), Total s/f = 8,598; ARV = $4,152,834. Projected Construction Cost: Acquisition Cost $997,500; Construction Cost: $1,418,670 ($165+ per s/f x 8,598 s/f of living area); Paid Commissions (5%): $207 642; Carrying Cost at 8%: $302,240 (18 months); Plans & Permits: $50,000; Legal Fees: $10,000; Total Acquisition & Construction Cost: $3,038,552; Profit: $1,114,552; ROR: 36.6%; Very HOT area for new development. 3 UNITS are vacant. Unit #4 is occupied. PLEASE NOT DISTURB TENANT. PROPERTY WILL CONVEY VACANT.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1936
  • Living Area: 2,810 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty - Washington
  • Office Phone: (202) 387-6180
  • Listing Agent: Alvin D Rice

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Eastern High School, Public District Grades 9-12
  • Browne Education Campus, Public District Grades EE-8

Other

Directions Information:

  • Directions: From downtown, east on H Street NE; Turn left onto Bladensburg Road; Turn right onto L Street NE; Turn right onto 17th Place NE; Property on left (1017 17th Place NE)

Price Information

Listing Price Info

Price Summary:

  • List Price: $997,500
  • Price Per SqFt: $355/SqFt

Tax Information:

  • Annual Amount: $5,285
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Washington, DC.

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Washington, DC

City

Med. Sold Price

$656.1K

Med. Price/SqFt

$509

Avg. Days On Market

34

# of Sold Homes

457

1017 17th Pl NE vs Washington

55 DAYS ON ROCKET

+21 Days

$997,500

+$341.3K More

$355/SqFt

-$154 Less

KEY TAKEAWAY

This property is $341.3K more than the Median Sold Price and $154/SqFt less than other homes in Washington, DC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DCDC2129360

Listing Office:

  • Office Name: Coldwell Banker Realty - Washington
  • Office Phone: (202) 387-6180
  • Listing Agent: Alvin D Rice

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 12:24:12 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,285$621,790
2019$4,790$563,560
2018$4,044$475,820
2017$3,753$441,470

History based on county public records data.

Payment Calculator

$5,046

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,057

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4488883
3
/10

  • Browne Education Campus

  • 850 26th St NE

  • 0.48 miles

  • Public District Grades EE-8

High School

school-card-donut-4488884
3
/10

  • Eastern High School

  • 1700 E Capitol St NE

  • 0.89 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,250. Typical income of Washington, DC residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›District of Columbia›Washington›20002›1017 17th Pl NE

This home is located at 1017 17th Pl NE in Washington, DC and zip code 20002 in the Northeast neighborhood. This 2,810 square foot home, which was built in 1936, sits on a 0.09 acre lot. It has been listed on Rocket Homes since March 07, 2024 and is currently priced at $997,500.

In April 2024, from all listings sold in Washington, DC there were more than 125 sold above asking price, over 198 sold below and more than 134 were sold right at the asked price. Between March 2024 and April 2024, Washington, DC real estate market has seen increase in the number of listings by 24.6%. While the average time on the market in April 2024 was 34 days, the median list price was $656,135.

From Rocket Homes Real Estate and based on county public records data.

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