3 months on rocket

1216 Raum St NE, Washington, DC, 20002

$850,000

Home List Price

$10,000*

Closing Credit

0 Baths
8,260 SqFt
$103/SqFt
House

Location

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1216 Raum St NE, Washington$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOther
Year Built1936
HeatingOther
CoolingOther
BasementYes
MLS #DCDC2150192
Lot Size0.08 Acres
StatusActive
(ACTIVE)

About 1216 Raum St NE

The Centurion Group presents a high-yield gut job development opportunity at 1216 Raum Street NE, Washington, DC 20002. Located in the active Trinidad area of Northeast DC, this .08-acre property is ideal for investors focused on maximizing return. This 3,900 SF structure is ready for conversion into a pre-permitted, modern 4-level, 4-unit apartment complex totaling 8,340 SF. The proposed layout includes: Two lower units: 2120 SF each, with 4 bedrooms and 3.5 bathrooms. Top-floor units: 2120 SF each, featuring 4 bedrooms and 3 bathrooms. With construction costs anticipated to exceed $800K, the project offers a projected stabilization CAP rate of approximately 6.5%.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1936
  • Living Area: 8,260 SqFt

Listing Office:

  • Office Name: TTR Sotheby's International Realty
  • Office Phone: (703) 745-1212
  • Listing Agent: David H Park

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Other

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: By online navigation, Enter "1216 Raum Street NE, Washington, DC" as your destination.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $103/SqFt

Tax Information:

  • Annual Amount: $7,610
  • 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

$672.3K

Med. Price/SqFt

$511

Avg. Days On Market

43

# of Sold Homes

485

1216 Raum St NE vs Washington

117 DAYS ON ROCKET

+74 Days

$850,000

+$177.6K More

$103/SqFt

-$408 Less

KEY TAKEAWAY

This property is $177.6K more than the Median Sold Price and $408/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: #DCDC2150192

Listing Office:

  • Office Name: TTR Sotheby's International Realty
  • Office Phone: (703) 745-1212
  • Listing Agent: David H Park

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: 11/17/2024, 6:20:49 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

May 01, 2020Home Sold
$250,000
Feb 05, 2018Home Sold
$820,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,610$895,290
2019$6,936$816,070
2018$7,069$831,700
2017$7,128$838,600

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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.

Nearby Schools

school-card-donut-331722
6
/10

  • Kipp Dc - Spring Academy Public Charter School

  • 1375 Mount Olivet Rd NE

  • 0.22 miles

  • Public Charter Grades 1-4

school-card-donut-331723
5
/10

  • J. O. Wilson Elementary School

  • 660 K St NE

  • 0.75 miles

  • Public District Grades EE-5

school-card-donut-331724
3
/10

  • Miner Elementary School

  • 601 15th St NE

  • 0.80 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,685. The majority of Washington, DC residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1216 Raum St NE

What is the listing price of this property?

The listing price of 1216 Raum St NE property is $850,000.

What type of property is this?

The property 1216 Raum St NE is a house located in Washington, District of Columbia, 20002.

Is this property for sale now?

Active Listing: 1216 Raum St NE is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,610 (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 1, 2020 for $250,000. (source: MLS/tax record).

What is the square footage of this property?

The property 1216 Raum St NE is 8,260 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1216 Raum St NE is 1936.

Rocket Homes›District of Columbia›Washington›20002›1216 Raum St NE

This home is located at 1216 Raum St NE in Washington, DC and zip code 20002 in the Northeast neighborhood. This 8,260 square foot home, which was built in 1936, sits on a 0.08 acre lot. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $850,000.

While more than 142 listings in Washington, DC in October 2024 were sold above asking price, there were more than 118 listings sold at asking price, and more than 225 were sold below. The number of homes for sale in Washington, DC increased by 21.3% between September 2024 and October 2024. The median list price of listings available in October 2024 was $672,329, while the average time on the real estate market was 43 days.

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

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