10 months on rocket

301 New York Ave NW, Washington, DC, 20001

$1,600,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
1 Full Bath, 2 Partial
3,205 SqFt
$499/SqFt
House

Location

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301 New York Ave NW, Washington$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1900
HeatingCentral
CoolingWindow Unit(s)
BasementYes
MLS #DCDC2129920
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 301 New York Ave NW

Attention Developers, Investors, and Visionaries! Presenting a unique opportunity to acquire a commercial/residential mixed-use property in a prime location near a busy highway, offering unparalleled visibility and accessibility. This property is ready for transformation, making it an ideal project for those looking to capitalize on its high-traffic area and strategic location. The current structure is older and in need of renovation or potentially a complete tear-down, providing a blank canvas for your ambitious redevelopment plans. The versatile layout is perfect for a blend of commercial and residential spaces, catering to a variety of tenants and maximizing rental income. The generous lot size allows for extensive redevelopment options, including multi-story buildings or expanded commercial facilities. This property is ideal for real estate developers aiming to transform it into a modern, multi-use complex that meets the needs of today's market. Value-add investors can increase the property's value through strategic renovations or a complete rebuild, tapping into the lucrative rental market. Construction companies can utilize their expertise to develop a new, high-demand property in a prime location. Commercial real estate firms can reimagine the space to attract high-end commercial and residential tenants. Retail chains and franchises can create custom-designed retail or restaurant spaces that draw in customers from the busy highway. Healthcare organizations can establish a state-of-the-art clinic or healthcare facility in a highly accessible location. Hotel chains can develop a new hotel to cater to travelers and tourists, benefiting from the high visibility. Educational institutions can build a new campus or training center that offers easy access for students and staff. Municipal or government agencies can develop a public use facility to serve the community effectively. Joint ventures can partner with other investors to maximize the potential of this prime redevelopment site. Don't miss this exceptional opportunity to shape the future of a highly desirable location. Contact us today to explore the possibilities and schedule a viewing. This is your chance to make a significant impact in a thriving area with unlimited potential.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1900
  • Stories: 3
  • Living Area: 3,205 SqFt

Listing Office:

  • Office Name: Century 21 Redwood Realty
  • Office Phone: (202) 506-3674
  • Listing Agent: WAI LUN L LEUNG

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Park on M st between 3rd st and 4th st NW

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000
  • Price Per SqFt: $499/SqFt

Tax Information:

  • Annual Amount: $14,913
  • 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

$676K

Med. Price/SqFt

$511

Avg. Days On Market

43

# of Sold Homes

387

301 New York Ave NW vs Washington

300 DAYS ON ROCKET

+257 Days

$1,600,000

+$923.9K More

$499/SqFt

-$12 Less

KEY TAKEAWAY

This property is $923.9K more than the Median Sold Price and $12/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: #DCDC2129920

Listing Office:

  • Office Name: Century 21 Redwood Realty
  • Office Phone: (202) 506-3674
  • Listing Agent: WAI LUN L LEUNG

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: 12/22/2024, 12:20:57 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

Feb 14, 2005Home Sold
$460,000

Tax History

YEARPROP. TAXASSESSMENT
2020$14,913$903,840
2019$13,698$830,200
2018$10,736$776,020
2017$8,952$716,150

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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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-972056
5
/10

  • Friendship Public Charter School - Armstrong Elementary School

  • 111 O St NW

  • 0.28 miles

  • Public Charter Grades PK-3

school-card-donut-972057
2
/10

  • Kipp Dc - Lead Academy Public Charter School

  • 421 P St NW

  • 0.36 miles

  • Public Charter Grades 1-4

school-card-donut-972058
4
/10

  • Mundo Verde Bilingual Public Charter School - J.F. Cook

  • 30 P St NW

  • 0.38 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $83,841. The majority of Washington, DC residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 301 New York Ave NW

What is the listing price of this property?

The listing price of 301 New York Ave NW property is $1,600,000.

What type of property is this?

The property 301 New York Ave NW is a house located in Washington, District of Columbia, 20001.

Is this property for sale now?

Active Listing: 301 New York Ave NW 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 $14,913 (source: MLS/based on county public records data).

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

The last sale was on February 14, 2005 for $460,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 301 New York Ave NW has 4 bedrooms and 1 full and 2 half bathrooms.

What is the square footage of this property?

The property 301 New York Ave NW is 3,205 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 301 New York Ave NW is 1900.

Rocket Homes›District of Columbia›Washington›20001›301 New York Ave NW

This home is located at 301 New York Ave NW in Washington, DC and zip code 20001 in the Downtown / Chinatown / Penn Quarter / Mount Vernon Square neighborhood. This 3,205 square foot home, which was built in 1900, sits on a 0.04 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $1,600,000.

In November 2024, from all listings sold in Washington, DC there were more than 85 sold above asking price, over 219 sold below and more than 83 were sold right at the asked price. Between October 2024 and November 2024, Washington, DC real estate market has seen increase in the number of listings 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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