2 years on rocket

1017 Florida Ave NE, Washington, DC, 20002

$735,000

Home List Price

$8,728*

Closing Credit

0 Baths
1,492 SqFt
$493/SqFt
Multi
Schools Nearby

Location

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1017 Florida Ave NE, Washington$735,000

Buyer Closing Credits

$8,728*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1920
HeatingNone
CoolingNone
BasementYes
MLS #DCDC2041036
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 1017 Florida Ave NE

Fantastic development opportunity conveniently situated near the H Street Corridor and hot NoMa/Union Market! This stately Victorian rowhouse is being delivered with stamped and permitted redevelopment plans. Great opportunity to add your design vision to the existing plans to create a stunning 2-unit gem in a prime location. The permitted configuration is for a 3-bedroom 3 bath penthouse unit with rooftop deck, and a spacious 2-bedroom 2.5-bath lower unit. Perfect for condo conversion, or grand main unit with separate income generating unit. ARV of completed project is approximately $1.6M ($900K for 3 BR Unit and $700K for 2 BR Unit). Comparables are included in documents. Purchase and develop now while infrastructure street upgrades are in-progress on Florida Ave. This will be a great property on a magnificent boulevard between H Street and NoMa, once both are complete. Interior photos are in MLS Virtual Tour.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1920
  • Living Area: 1,492 SqFt

Listing Office:

  • Office Name: Equilibrium Realty, LLC
  • Office Phone: (202) 788-6049
  • Listing Agent: Shanu T Okwesa

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

School Info

Assigned Schools Information:

  • Eastern High School, Public District Grades 9-12
  • Stuart Hobson Middle School, Public District Grades 6-8
  • J. O. Wilson Elementary School, Public District Grades EE-5

Other

Directions Information:

  • Directions: See GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $735,000
  • Price Per SqFt: $493/SqFt

Tax Information:

  • Annual Amount: $34,193
  • 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 Florida Ave NE vs Washington

778 DAYS ON ROCKET

+744 Days

$735,000

+$78.8K More

$493/SqFt

-$16 Less

KEY TAKEAWAY

This property is $78.8K more than the Median Sold Price and $16/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: #DCDC2041036

Listing Office:

  • Office Name: Equilibrium Realty, LLC
  • Office Phone: (202) 788-6049
  • Listing Agent: Shanu T Okwesa

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: 5/5/2024, 1:10:42 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 23, 2017Home Sold
$575,000

Tax History

YEARPROP. TAXASSESSMENT
2020$34,193$683,850
2019$5,457$642,070
2018$1,922$602,600
2017$1,750$574,480

History based on county public records data.

Payment Calculator

$3,736

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,270

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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-6490398
6
/10

  • J. O. Wilson Elementary School

  • 660 K St NE

  • 0.26 miles

  • Public District Grades EE-5

Middle School

school-card-donut-6490399
5
/10

  • Stuart Hobson Middle School

  • 410 E St NE

  • 0.63 miles

  • Public District Grades 6-8

High School

school-card-donut-6490400
3
/10

  • Eastern High School

  • 1700 E Capitol St NE

  • 1.13 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 $112,356. Typical income of Washington, DC residents is between $100k-200k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›District of Columbia›Washington›20002›1017 Florida Ave NE

This home is located at 1017 Florida Ave NE in Washington, DC and zip code 20002 in the Northeast neighborhood. This 1,492 square foot home, which was built in 1920, sits on a 0.03 acre lot. It has been listed on Rocket Homes since March 18, 2022 and is currently priced at $735,000.

While more than 125 listings in Washington, DC in April 2024 were sold above asking price, there were more than 134 listings sold at asking price, and more than 198 were sold below. The inventory of homes for sale in Washington, DC between March 2024 and April 2024 increased 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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