$71,517
$71,517
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1 Bath
500 SqFt
SOLD DATE : 05/12/2023
Key Details
Sold Price $71,517
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 500 sqft
Price per Sqft $143
Subdivision Columbia Heights
MLS Listing ID DCDC2089338
Sold Date 05/12/23
Style Traditional
Full Baths 1
Condo Fees $705/mo
HOA Y/N N
Abv Grd Liv Area 500
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $11,172
Tax Year 2022
Property Description
Great opportunity for low to moderate income households in Columbia Heights. Beautifully updated, freshly painted approximately 500 square foot large studio featuring new kitchen appliances, new carpeting and an updated bathroom. Unit has a walkout from the living room to an indoor balcony with a newly installed double glass door. Washer and dryer in building basement. This is a Limited Equity Cooperative governed by an affordability covenant only accepting low to moderate-income households. The transfer and recordation taxes are computed based on the down payment ($32,775) plus the two underlying mortgages ($38,742.12). The transfer and recordation taxes are based on the combined amount ($71,517.12). Income restrictions are as follows: for one buyer the maximum income is $108,400 and for two buyers it is $123,800. Cash or coop financing only for the down payment. No investors are allowed to purchase. Must use National Capital Title and Escrow for closing. Occupant pays gas and electric only. Water, sewer, trash and underlying mortgages are included in the $705 monthly coop fee.
Location
State DC
County Washington
Zoning 015-B
Interior
Interior Features Carpet, Ceiling Fan(s)
Hot Water Natural Gas
Heating Wall Unit
Cooling Wall Unit
Equipment Dishwasher, Disposal, Oven/Range - Gas, Refrigerator, Range Hood
Appliance Dishwasher, Disposal, Oven/Range - Gas, Refrigerator, Range Hood
Heat Source Electric
Exterior
Utilities Available Electric Available, Natural Gas Available
Amenities Available Laundry Facilities
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Story 1
Unit Features Garden 1 - 4 Floors
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Raymond
Middle Schools Macfarland
High Schools Roosevelt High School At Macfarland
School District District Of Columbia Public Schools
Others
Pets Allowed N
HOA Fee Include Water,Sewer,Trash,Common Area Maintenance,Ext Bldg Maint,Management,Reserve Funds,Underlying Mortgage
Senior Community No
Tax ID 2902//0136
Ownership Cooperative
Security Features Main Entrance Lock,Intercom
Special Listing Condition Standard
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Bought with Gianna Manzella • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "