2 months on rocket

1410-1412 Meridian Pl NW, Washington, DC, 20010

$900,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,376 SqFt
$654/SqFt
Townhouse

Location

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1410-1412 Meridian Pl NW, Washington$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingOn Street
Year Built1910
HeatingOther
CoolingOther
BasementYes
MLS #DCDC2161062
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 1410-1412 Meridian Pl NW

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, October 24th & ends Tuesday, October 29th, 2024 at 12:00pm. Prime Development Opportunity: 10-Unit Permit Delivered At Closing. Discover a unique investment opportunity in Columbia Heights. Two adjacent properties, 1410 and 1412 Meridian Place, offer the potential to construct a combined 10-unit building. The 5-unit, per building, plans are currently in the final stages of review, and will be delivered at closing. Key Features • Prime Location: Ideal for residential development • High ARV: Attractive returns on investment • "As-Is" Sale: Flexibility in development plans For detailed information, including budgets, plans, and drawings, please visit the documents section. Don't miss this chance to capitalize on this exceptional development opportunity. 1410 Meridian: Improved by a 1,376+/- SF townhome. 1412 Meridian Improved by a 1,790+/- SF townhome. Projected Condo Project: EXIT STRATEGY 1: Unit 1 - 654sf - 2 Bed, ,Unit 2 - 598 sf - 2 Bed, Unit 3 - 570 sf - 2 Bed, Unit 4 - 631 sf - 1 Bed + Den, Unit 5 (PH) - 853 sq sf- 3 bed, 3306 sq ft total for each building, Total ARV $2,550,398.29. @ $750/sq ft. EXIT STRATEGY 2: Rent = Avg Rent $3420 / unit, Annual rent = $205200, Net Rent (after 25% expenses) = $153900, ARV (@ 6% cap) = $2,565,000. Projected Construction Cost: Acquisition Cost $1.000,000; for each, Construction Cost: $578,985 ($175 per s/f x 3,306 s/f of living area); Carrying Cost (6%): $99,000 (12 months); plans & Permits: $30,000, Legal Fees: $10,000, Total Acquisition/Construction Cost: $1,996,000

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1910
  • Stories: 3
  • Living Area: 1,376 SqFt

Listing Office:

  • Office Name: Alex Cooper Auctioneers, Inc.
  • Office Phone: (410) 828-4838
  • Listing Agent: Matthew S Cooper

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: 16th Street to Meridian Place

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000
  • Price Per SqFt: $654/SqFt
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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

$676K

Med. Price/SqFt

$511

Avg. Days On Market

43

# of Sold Homes

387

1410-1412 Meridian Pl NW vs Washington

85 DAYS ON ROCKET

+42 Days

$900,000

+$223.9K More

$654/SqFt

+$143 More

KEY TAKEAWAY

This property is $223.9K more than the Median Sold Price and $143/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: #DCDC2161062

Listing Office:

  • Office Name: Alex Cooper Auctioneers, Inc.
  • Office Phone: (410) 828-4838
  • Listing Agent: Matthew S Cooper

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: 12/18/2024, 3:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-25890
5
/10

  • Tubman Elementary School

  • 3101 13th St NW

  • 0.28 miles

  • Public District Grades EE-5

school-card-donut-25891
5
/10

  • Raymond Education Campus

  • 915 Spring Rd NW

  • 0.33 miles

  • Public District Grades EE-5

school-card-donut-25892
8
/10

  • Bancroft Elementary School

  • 1755 Newton St NW

  • 0.52 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 $74,522. Typical income of Washington, DC residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1410-1412 Meridian Pl NW

What is the listing price of this property?

The listing price of 1410-1412 Meridian Pl NW property is $900,000.

What type of property is this?

The property 1410-1412 Meridian Pl NW is a townhouse located in Washington, District of Columbia, 20010.

Is this property for sale now?

Active Listing: 1410-1412 Meridian Pl NW is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1410-1412 Meridian Pl NW has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1410-1412 Meridian Pl NW is 1,376 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1410-1412 Meridian Pl NW is 1910.

Rocket Homes›District of Columbia›Washington›20010›1410-1412 Meridian Pl NW

This home is located at 1410-1412 Meridian Pl NW in Washington, DC and zip code 20010 in the Columbia Heights / Park View neighborhood. This 1,376 square foot home, which was built in 1910, sits on a 0.03 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $900,000.

In November 2024 more than 85 listings in Washington, DC were sold above the asking price. During the same period more than 83 listings were sold at asking price, while more than 219 were sold below. The inventory of homes for sale in Washington, DC between October 2024 and November 2024 increased by 4.8%. While the average time on the market in November 2024 was 43 days, the median list price was $676,027.

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

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