4 months on rocket

249 Newcomb St SE, Washington, DC, 20032

$599,000

Home List Price

$7,113*

Closing Credit

0 Baths
3,480 SqFt
$172/SqFt
Multi
Schools Nearby

Location

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249 Newcomb St SE, Washington$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1943
HeatingHot Water
CoolingWindow Unit(s)
BasementYes
MLS #DCDC2121250
Lot Size0.13 Acres
StatusActive
(ACTIVE)

About 249 Newcomb St SE

Welcome to 249 Newcomb St. SE, an exceptional investment opportunity in Congress Heights. This four-unit building offers a multitude of benefits for both investors and first time home buyer. All four units are one bedroom and one bath with the potential to easily renovate to two bedroom and one bath units. Prospective investors will appreciate the solid rental history, with high occupancy rates and strong rental demand in the area. As units vacate and you upgrade to two bedroom units the rental income increase is significant. The consistently favorable cash flow and potential for future growth makes this property an enticing investment opportunity. Situated across from green space and blocks to the bustling St Elizabeth Campus. Don't miss out on this unique investment opportunity to live in one unit and collect income from three! Schedule your private showing now! Current rental rates : Unit 1 - $525, Unit 2 - $635 and Unit 4 - $525.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1943
  • Living Area: 3,480 SqFt

Listing Office:

  • Office Name: Keller Williams Capital Properties
  • Office Phone: (202) 243-7700
  • Listing Agent: Tom J Kavanagh

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Ballou High School, Public District Grades 9-12
  • Hart Middle School, Public District Grades 6-8
  • Martin Luther King Elementary School, Public District Grades EE-5

Other

Directions Information:

  • Directions: Malcolm X Blvd to Oakwood to Newcomb.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $172/SqFt

Tax Information:

  • Annual Amount: $3,234
  • 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

249 Newcomb St SE vs Washington

138 DAYS ON ROCKET

+101 Days

$599,000

-$55.1K Less

$172/SqFt

-$339 Less

KEY TAKEAWAY

This property is $55.1K less than the Median Sold Price and $339/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: #DCDC2121250

Listing Office:

  • Office Name: Keller Williams Capital Properties
  • Office Phone: (202) 243-7700
  • Listing Agent: Tom J Kavanagh

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: 4/25/2024, 4:20:25 PM 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$3,234$380,510
2019$2,839$334,030
2018$2,649$311,650
2017$2,604$306,310

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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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-89357
5
/10

  • Martin Luther King Elementary School

  • 3200 6th St SE

  • 0.53 miles

  • Public District Grades EE-5

Middle School

school-card-donut-89358
5
/10

  • Hart Middle School

  • 601 Mississippi Ave SE

  • 0.84 miles

  • Public District Grades 6-8

High School

school-card-donut-89359
2
/10

  • Ballou High School

  • 3401 4th St SE

  • 0.65 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 $37,893. The majority of Washington, DC residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›District of Columbia›Washington›20032›249 Newcomb St SE

This home is located at 249 Newcomb St SE in Washington, DC and zip code 20032 in the Congress Heights / Bellevue / Washington Highlands neighborhood. This 3,480 square foot home, which was built in 1943, sits on a 0.13 acre lot. It has been listed on Rocket Homes since December 08, 2023 and is currently priced at $599,000.

In March 2024 more than 124 listings in Washington, DC were sold above the asking price. During the same period more than 119 listings were sold at asking price, while more than 177 were sold below. The number of listings in Washington, DC increased by 6.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $654,103, while the average time on the real estate market was 37 days.

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

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