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Backup Offers

507 Oakwood St SE, Washington, DC, 20032

$305,000

Home List Price

$3,622*

Closing Credit

3 Bedrooms
2 Full Baths
1,744 SqFt
$175/SqFt
Townhouse
Schools Nearby

Location

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507 Oakwood St SE, Washington$305,000

Buyer Closing Credits

$3,622*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTownhouse
ParkingPaved Parking, Public, On Street
Year Built1941
HeatingRadiant
CoolingCentral Air, Window Unit(s)
BasementYes
FireplaceMantel(s), Brick
MLS #DCDC2121516
Lot Size0.06 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 507 Oakwood St SE

THIS IS A WONDERFUL FIXER-UPPER INVESTMENT (*OPPORTUNITY ZONE*, see below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER BLOCK. 2 LARGE BEDROOMS ON THE TOP FLOOR; 1 DECENT-SIZED BEDROOM IN BASEMENT. BASED ON THE CURRENT CONFIGURATION AND WITH >1900SF OF INTERIOR SPACE. BUYER CAN EASILY ADD ADDITIONAL BEDROOMS AND A 1/2 BATH ON THE MAIN FLOOR, WHICH INCLUDES A BEAUTIFUL WOOD-BURNING FIREPLACE. PROPERTY ALREADY HAS A GOOD BASEMENT CEILING HEIGHT, APPROXIMATELY 7-FEET, NO NEED TO DIG DOWN FOR ADDED VALUE. ARV $489K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR $495K) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED BATHROOMS AND KITCHEN. GREAT BONES. Property Being Sold Strictly As-Is. Plat attached: Image 6. INVESTOR ALERT. INVESTOR SPECIAL. Buying and investing in a property in an *OPPORTUNITY ZONE can provide a great opportunity for capital gains tax deferral, reduction and abatement, ETC., possibly even better than the 1031 Exchange, they say... Seller prefers KVS Title, which is offering a $250 closing credit to Buyer. Title work completed. TOPA Process Completed 1/16/24. Market rent, $2200. Property has 1 conventional (non-HCVP, non-Section 8) tenant paying $1,500 per month, plus all utilities (gas, water and electric). Solid rent payment history. Tenant is on a month-to-month lease; lives with 1 "authorized occupant" adult relative; and no rent increases have ever been levied. Pictures include Before Tenant Moved in and Current Condition, as Tenant never contacted Landlord to complain or report any issues for numerous years. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1941
  • Stories: 3
  • Living Area: 1,744 SqFt

Listing Office:

  • Office Name: Bennett Realty Solutions
  • Office Phone: (301) 646-4047
  • Listing Agent: Nefretiti N Makenta

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Floor Plan - Traditional, Formal/Separate Dining Room
  • Fireplace: Mantel(s), Brick

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Awning(s), Sidewalks, Street Lights

Parking Information:

  • Parking: Paved Parking, Public, On Street

Lot Features

Lot Information:

  • Lot: Front Yard, Side Yard(s), Back Yard
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Central Air, 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: From 295, Take the Malcom X Avenue Exit, Turn left. Property is on the left. PROPERTY IS CONVENIENTLY LOCATED RIGHT OFF OF MALCOLM X AVENUE, LESS THAN A MILE FROM THE MULTI-MILLION DOLLAR ST ELIZABETH'S REDEVELOPMENT; JUST BLOCKS FROM THE NEW MULTIMILLION DOLLAR HOMELAND SECURITY BUILDING; AND JUST A FEW BLOCKS FROM BOLLING AIR FORCE BASE (JBAB), NEAR I-295 AND A NEW BIKE TRAIL.

Price Information

Listing Price Info

Price Summary:

  • List Price: $305,000
  • Price Per SqFt: $175/SqFt

Tax Information:

  • Annual Amount: $2,191
  • 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

507 Oakwood St SE vs Washington

133 DAYS ON ROCKET

+96 Days

$305,000

-$349.1K Less

$175/SqFt

-$336 Less

KEY TAKEAWAY

This property is $349.1K less than the Median Sold Price and $336/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: #DCDC2121516

Listing Office:

  • Office Name: Bennett Realty Solutions
  • Office Phone: (301) 646-4047
  • Listing Agent: Nefretiti N Makenta

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: 4/24/2024, 10:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 12, 2006Home Sold
$230,100

Tax History

YEARPROP. TAXASSESSMENT
2020$2,191$257,720
2019$2,109$248,230
2018$2,024$238,060
2017$1,989$233,950

History based on county public records data.

Payment Calculator

$1,590

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$981

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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-2886040
5
/10

  • Martin Luther King Elementary School

  • 3200 6th St SE

  • 0.26 miles

  • Public District Grades EE-5

Middle School

school-card-donut-2886041
5
/10

  • Hart Middle School

  • 601 Mississippi Ave SE

  • 0.59 miles

  • Public District Grades 6-8

High School

school-card-donut-2886042
2
/10

  • Ballou High School

  • 3401 4th St SE

  • 0.43 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. Typical income of Washington, DC residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Congress Heights / Bellevue / Washington Highlands, Washington

Types of housing in Congress Heights / Bellevue / Washington Highlands, Washington.

Around 40% of dwellings are large apartment buildings, making it easy to find apartments in Congress Heights / Bellevue / Washington Highlands, and the remainder are mainly small apartment buildings and townhouses. This neighborhood offers mainly one bedroom and two bedroom homes. Around 80% of the units in the neighborhood are occupied by renters and 20% are occupied by owners. The median year of construction for buildings in this area is 1963.

What is it like to live in Congress Heights / Bellevue / Washington Highlands, Washington?

People who prefer a relaxed atmosphere will enjoy Congress Heights / Bellevue / Washington Highlands. It is very easy to access green spaces in the neighborhood, since there are around 20 of them close by for residents to explore and getting to the closest park from a large number of properties is very easy. The noise levels in this area are also low, as the streets are reasonably peaceful - although there are still several louder areas, especially closer to Anacostia Freeway.

Is it easy to get around Congress Heights / Bellevue / Washington Highlands, Washington without a car?

In Congress Heights / Bellevue / Washington Highlands, property owners will usually be able to get to both primary and secondary schools on foot. At the elementary level, both public and private schools can be found. With regards to eating, a supermarket is generally accessible within a rather short walk from anywhere in this part of Washington. A small number of restaurants and cafes are available as well.

Transportation in Congress Heights / Bellevue / Washington Highlands, Washington.

Regardless of the medium of transportation, it is simple to get around in Congress Heights / Bellevue / Washington Highlands. The public transit network in Congress Heights / Bellevue / Washington Highlands is accessible. For instance, the neighborhood is linked by about 20 bus lines, and most properties are very close to a bus stop. The car is very often the favored way to get around in Congress Heights / Bellevue / Washington Highlands. It is easy to find a parking spot, and most houses for sale are a short drive from the nearest highway, such as Anacostia Freeway. Congress Heights / Bellevue / Washington Highlands will attract physically active people because it is quite suitable for those who travel by foot; many daily needs are easy to carry out without the use of a vehicle.

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Frequently Asked Questions About 507 Oakwood St SE

What is the listing price of this property?

The listing price of 507 Oakwood St SE property is $305,000.

What type of property is this?

The property 507 Oakwood St SE is a townhouse located in Washington, District of Columbia, 20032.

Is this property for sale now?

Accepting Backup Offers: 507 Oakwood St SE is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 507 Oakwood St SE are:
Martin Luther King Elementary School: GreatSchools Rating 5/10
Hart Middle School: GreatSchools Rating 5/10
Ballou High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,191 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 12, 2006 for $230,100. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 507 Oakwood St SE has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 507 Oakwood St SE is 1,744 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 Oakwood St SE is 1941.

Rocket Homes›District of Columbia›Washington›20032›507 Oakwood St SE

This home is located at 507 Oakwood St SE in Washington, DC and zip code 20032 in the Congress Heights / Bellevue / Washington Highlands neighborhood. This 1,744 square foot home, which was built in 1941, sits on a 0.06 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 12, 2023 and is currently priced at $305,000.

In March 2024, from all listings sold in Washington, DC there were more than 124 sold above asking price, over 177 sold below and more than 119 were sold right at the asked price. The number of homes for sale in Washington, DC increased by 6.8% between February 2024 and March 2024. In March 2024 median list price was $654,103 and the average listing age was 37 days.

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

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