3 months on rocket

7305 Georgia Ave NW, Washington, DC, 20012

$1,300,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
2,213 SqFt
$587/SqFt
Condo
Schools Nearby

Location

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7305 Georgia Ave NW, Washington$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingPrivate, Driveway, On Street
Year Built1927
HeatingForced Air
CoolingCentral Air, Ceiling Fan(s)
BasementYes
ViewCity
MLS #DCDC2125340
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 7305 Georgia Ave NW

Established, modern 2-level mixed-use building located in a prime business location with booming development all around. Prominently situated within walking distance to the all-new multi-phase development; The Parks at Historic Walter Reed with a new Whole Foods Market. The upper level offers a fully remodeled open floor plan unit with 2 bedrooms, 1 den, 1 full bath, an attractive open kitchen with stainless steel appliances (two ovens), granite countertops, large center island with granite, hardwood floors, stacked washer and dryer, trendy metal stair railing – urban charm! The exterior offers a large private deck, 1 parking space in the rear of the building, and ample street parking. There is also a basement area where the utilities are housed. Strong potential for increased foot traffic and values as part of the vibrant and progressing Brightwood neighborhood. This turn-key property is subject to one residential lease through February 2024. The retail space is vacant. The updated storefront unit is built out as a hair salon that originally opened in 1999 and remodeled in 2012 but can be converted into another business type. It currently features a large open space with LVP flooring, modern lighting, 6 stylist stations, an esthetician station, 3 shampoo stations and multiple hair drying stations, a half bath, and a staff lounge/storage area. Units are separately metered. This offering is a rare opportunity to acquire a self-sufficient real estate investment. Are you a seasoned stylist or business owner and ready to step into your destiny of living upstairs and working downstairs running your salon or other business? Or are you savvy buyer who can live upstairs and collect rent from a tenant downstairs to pay a portion of your mortgage. Property being sold AS-IS. Showings require 24 hours’ notice. All showings are by appointment.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, Other
  • Year Built: 1927
  • Living Area: 2,213 SqFt

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Office Phone: (301) 388-2600
  • Listing Agent: Nyya Wellington Bance

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Double Oven, Refrigerator, Stove, Washer, Water Heater
  • Basement: Yes
  • Flooring Type: Luxury Vinyl Plank, Wood
  • Interior: Built-Ins, Ceiling Fan(s), Combination Kitchen/Living, Floor Plan - Open, Primary Bath(s), Upgraded Countertops, Walk-in Closet(s), Wood Floors

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Exterior Lighting, Sidewalks, Street Lights

Parking Information:

  • Parking: Private, Driveway, On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Coolidge High School, Public District Grades 9-12
  • Takoma Education Campus, Public District Grades EE-5

Other

Directions Information:

  • Directions: Between Geranium Street and Fern Place, one block from the old Walter Reed Hospital now The Parks at Historic Walter Reed.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000
  • Price Per SqFt: $587/SqFt

Tax Information:

  • Annual Amount: $8,297
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$654.1K

Med. Price/SqFt

$511

Avg. Days On Market

37

# of Sold Homes

420

7305 Georgia Ave NW vs Washington

91 DAYS ON ROCKET

+54 Days

$1,300,000

+$645.8K More

$587/SqFt

+$76 More

KEY TAKEAWAY

This property is $645.8K more than the Median Sold Price and $76/SqFt more than other homes in Washington, DC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DCDC2125340

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Office Phone: (301) 388-2600
  • Listing Agent: Nyya Wellington Bance

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: 4/30/2024, 3:20:29 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 26, 1999Home Sold
$85,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,297$502,820
2019$7,637$462,850
2018$7,003$424,420
2017$6,463$391,720

History based on county public records data.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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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-3774122
5
/10
  • Takoma Education Campus

  • 7010 Piney Branch Rd NW

  • 0.29 miles

  • Public District Grades EE-5

High School

school-card-donut-3774123
3
/10
  • Coolidge High School

  • 6315 5th St NW

  • 0.91 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,325. The majority of Washington, DC residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7305 Georgia Ave NW

What is the listing price of this property?

The listing price of 7305 Georgia Ave NW property is $1,300,000.

What type of property is this?

The property 7305 Georgia Ave NW is a condo located in Washington, District of Columbia, 20012.

Is this property for sale now?

Active Listing: 7305 Georgia Ave NW is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7305 Georgia Ave NW are:
Takoma Education Campus: GreatSchools Rating 5/10
Coolidge High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,297 (source: MLS/based on county public records data).

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

The last sale was on May 26, 1999 for $85,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7305 Georgia Ave NW has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 7305 Georgia Ave NW is 2,213 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7305 Georgia Ave NW is 1927.

Rocket HomesDistrict of ColumbiaWashington200127305 Georgia Ave NW

This home is located at 7305 Georgia Ave NW in Washington, DC and zip code 20012 in the Takoma / Brightwood / Manor Park neighborhood. This 2,213 square foot home, which was built in 1927, sits on a 0.04 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 30, 2024 and is currently priced at $1,300,000.

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. Between February 2024 and March 2024, Washington, DC real estate market has seen increase in the number of listings by 6.8%. 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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