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1224 Raum Street NE, Washington, DC 20002
$875,000
1224 Raum Street NE, Washington, DC 20002View this property at 1224 Raum Street NE, Washington, DC 20002
1224 Raum Street NEWashingtonDC20002
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Property Description
Price Reduced more than $100K. Now is the time to invest in this wonderful opportunity. Welcome to 1224 Raum St. NE, a fantastic investment opportunity in the heart of Northeast Washington, D.C. This quadruplex building offers not only an income-generating property but also the potential for condo conversion, making it a smart choice for both investors and developers who would like to capitalize on the strong demand for housing in this vibrant neighborhood. The property's location and area revitalization ensures steady appreciation in property values, making it a wise investment choice. The lower level and large backyard could accommodate further development and additional units. 1224 Raum St. NE is vacant and immediately available. Seller is willing to offer a $50,000 credit for roof repairs.
Full Property Details
Full Property Details for 1224 Raum St NE
General
- Sold For: $875,000
- Taxes: $7,152 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: DCDC2118766
- Added to Site: 185 day(s) ago
Parking
- Parking Type: On Street
Location
- County: Washington
- Driving Directions: Florida Ave. to West Virginia to Raum St.
- City Limits: Yes
School Information
- School District: District Of Columbia Public Schools
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiator, Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Foundation: Brick/Mortar
- Stories/Levels: 0
- Square Feet: 5,328
- Sq. Ft. Source: Assessor
- Living Area: 3,916 Sq. Ft.
- Year Built: 1936
- Year Built Source: Assessor
Unit Information
- 2 Bedroom Units: 4
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,672
- Lot Size Source: Assessor
- Zoning: RF-1
Financial Considerations
- Price Per Sq. Ft.: $280.97
- Assessment Year: 2022
- City/TownTax: $7,152
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $916,400
- Tax Amount: $7,152
- Tax Year: 2022
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 3916
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 106
Listed by Compass, Michelle S Quinn and Compass, Jaime Willis
Sold by Keller Williams Capital Properties, Megan Ferra
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Schools
Schools serving 1224 Raum St NE
School District:District Of Columbia Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1299 Neal St Ne, Washington, DC 20002 | PK-8 | 0.4 mi | |
101 N St Nw, Washington, DC 20001 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1224 Raum St NE
Date
Details
Price
Change
Source
3/29/2024
Sold
$875,000
-12.32%
MLS
12/17/2023
Price Reduced
$998,000
-9.27%
MLS
11/09/2023
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1224 Raum Street NE, Washington, DC 20002 (MLS# DCDC2118766) is a Multi-Family property that was sold at $875,000 on March 29, 2024. Want to learn more about 1224 Raum Street NE? Do you have questions about finding other Multi-Family real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.