10 months on rocket

Backup Offers

1638 16th St SE, Washington, DC, 20020

$765,000

Home List Price

$9,084*

Closing Credit

0 Baths
1,700 SqFt
$450/SqFt
Multi
Schools Nearby

Location

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1638 16th St SE, Washington$765,000

Buyer Closing Credits

$9,084*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Off Street
Year Built1935
HeatingForced Air
CoolingCentral Air
MLS #DCDC2099374
Lot Size0.05 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 1638 16th St SE

TAKING BACK UP OFFERS AND SHOWINGS ARE STILL WELCOMED. 2.75% ASSUMABLE VA MORTGAGE!! 1638 16th Street SE is a completely, gut renovated, turn-key two-unit property directly across the street from Anacostia high school. Live in one unit and have the tenant pay the majority of your mortgage, or rent out both units and cash flow $1,000/month! Renovated in 2020, the building consists of two apartment units. Both units are three bedrooms, and each unit has one full and one half bathroom. Each unit has a gourmet kitchen with stainless steel appliances, granite countertops, and gas stoves. Luxury vinyl plank flooring and washer and dryer units in each unit make this a highly desirable and maintainable rental. The building can gross up to $52,992 with each unit renting for $2,208/month with utilities included for Section 8 Voucher tenants. Potential to add two parking spaces in the rear with a new gate and other value add options are possible. RA-2 zoning allows for additional development in the future. Current FAR is 0.85, zoning permits up to 1.8 by right, which would translate to over 1800 additional square feet that could be added. Anacostia has been one of the area’s zip codes with the best appreciation over the past five years with the median home price in Anacostia, increasing 32.2% compared to 2018. With the development of Phase II of The Wharf, St. Elizabeth's and other private and public developments, we expect to continue to see significant appreciation and value in Southeast DC.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1935
  • Living Area: 1,700 SqFt

Listing Office:

  • Office Name: Keller Williams Capital Properties
  • Office Phone: (202) 243-7700
  • Listing Agent: Russell Lyons

Exterior Features

Parking Information:

  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Anacostia High School, Public District Grades 9-12
  • Kramer Middle School, Public District Grades 6-8
  • Ketcham Elementary School, Public District Grades EE-5

Other

Directions Information:

  • Directions: From Central DC Turn right onto North Capitol St NW 1.2 mi Keep right to stay on North Capitol St NW 0.1 mi Turn right onto New York Ave NW 0.4 mi Use the left 2 lanes to turn left onto I-395 S 1.4 mi Use the left 2 lanes to take exit 7 toward I-295 0.4 mi Merge onto I-695 E 0.6 mi Use the right 2 lanes to take exit 1C for 11th St SE/Southeast Blvd 0.3 mi Turn right onto 11th St SE 0.7 mi Continue onto Martin Luther King Jr Ave SE 0.1 mi Turn left onto Good Hope Rd SE 0.2 mi Turn left after Subway (on the left) 0.1 mi Turn left onto 16th St SE Destination will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $765,000
  • Price Per SqFt: $450/SqFt

Tax Information:

  • Annual Amount: $2,287
  • 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

$654.1K

Med. Price/SqFt

$511

Avg. Days On Market

37

# of Sold Homes

420

1638 16th St SE vs Washington

327 DAYS ON ROCKET

+290 Days

$765,000

+$110.8K More

$450/SqFt

-$61 Less

KEY TAKEAWAY

This property is $110.8K more than the Median Sold Price and $61/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: #DCDC2099374

Listing Office:

  • Office Name: Keller Williams Capital Properties
  • Office Phone: (202) 243-7700
  • Listing Agent: Russell Lyons

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: 5/1/2024, 6:25:23 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

May 20, 2021Home Sold
$650,000
Nov 27, 2019Home Sold
$300,000
Feb 09, 2018Home Sold
$290,000
Jul 08, 2004Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,287$269,050
2019$2,071$243,680
2018$1,932$227,350
2017$1,848$217,420

History based on county public records data.

Payment Calculator

$3,886

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,360

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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-4327827
5
/10

  • Ketcham Elementary School

  • 1919 15th St SE

  • 0.27 miles

  • Public District Grades EE-5

Middle School

school-card-donut-4327828
2
/10

  • Kramer Middle School

  • 1700 Q St SE

  • 0.18 miles

  • Public District Grades 6-8

High School

school-card-donut-4327829
4
/10

  • Anacostia High School

  • 1601 16th St SE

  • 0.06 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 $24,902. Typical income of Washington, DC residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›District of Columbia›Washington›20020›1638 16th St SE

This home is located at 1638 16th St SE in Washington, DC and zip code 20020 in the Southeast neighborhood. This 1,700 square foot home, which was built in 1935, sits on a 0.05 acre lot. It has been listed on Rocket Homes since June 09, 2023 and is currently priced at $765,000.

Over 124 listings were sold over their listed price in March 2024 in Washington, DC. In the same period over 177 listings were sold below the listed price and 119 listings were sold for the listed price. The number of homes for sale in Washington, DC increased by 6.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 37 days, the median list price was $654,103.

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

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