Rare Opportunity Alert! Calling all Builders, Investors, and New Construction Aspiring Buyers! Prime Location: Nestled in the heart of Washington, DC, this property occupies a coveted in-fill location strategically positioned between two Metro Stations. Its proximity to downtown and major transportation routes makes it exceptionally convenient for daily commuters and urban explorers alike. Endless Potential: Situated in a burgeoning revitalization area, this property offers a superb opportunity to develop or build a residential masterpiece tailored to your exact needs. The neighborhood's recent transformation has seen a surge in demand, with new single-family homes fetching prices upwards of $550,000. Save and Profit: By purchasing the vacant lot and overseeing the construction yourself, you have the potential to save a substantial amount of money compared to buying a completed property. Moreover, you'll have the satisfaction of creating your dream home while potentially increasing its value over time. Investor's Delight: Savvy investors and builders recognize the incredible return on investment this property offers. With the market on the rise and demand for housing in the area continuing to grow, seizing this opportunity could yield significant returns in the future. Verify and Secure: Prior to making an offer, buyers are encouraged to verify all development possibilities with the appropriate Washington, DC approval agencies. The seller is motivated to close quickly, so don't hesitate to reach out with any questions or schedule a drive-by viewing of the property. Act Now: With its unbeatable location, endless potential, and motivated seller, this property won't last long on the market. Don't miss out on the chance to secure your stake in one of DC's most dynamic neighborhoods. Schedule your viewing today and turn your real estate dreams into reality!
Property Details
Property Features
Listing Office:
Office Name: EXIT Right Realty
Office Phone: (301) 362-4500
Listing Agent: William Price
Exterior Features
Exterior Information:
View: Trees/Woods
Lot Features
Lot Information:
Lot: Wooded
Lot Size: 0.04 Acres
Other
Directions Information:
Directions: From Central Ave, turn right on Southern Ave, turn left on Eastern Ave NE, turn left onto Nannie Helen Burroughs Ave NE and left of 55th St
Price Information
Listing Price Info
Price Summary:
List Price: $89,000
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Housing Market Comparison
See how this home compares to others in Washington, DC.
This property is $583.3K less than the Median Sold Price in Washington, DC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #DCDC2132106
Listing Office:
Office Name: EXIT Right Realty
Office Phone: (301) 362-4500
Listing Agent: William Price
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.
We're sorry, we currently don't have sales or tax history data for this listing.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Drew Elementary School
5600 Eads St NE
Distance between this listing and this school0.15 miles
Public District Grades EE-5
5
/10
Burrville Elementary School
801 Division Ave NE
Distance between this listing and this school0.22 miles
Public District Grades EE-5
9
/10
Kipp Dc - Quest Academy Public Charter School
5300 Blaine St NE
Distance between this listing and this school0.43 miles
Public Charter Grades 1-4
Nearby Schools
3
/10
Kipp Dc - Valor Academy Public Charter School
5300 Blaine St NE
Distance between this listing and this school0.43 miles
Public Charter Grades 5-8
2
/10
Dc Scholars Public Charter School
5601 E Capitol St SE
Distance between this listing and this school0.57 miles
Public Charter Grades PK-8
4
/10
Kelly Miller Middle School
301 49th St NE
Distance between this listing and this school0.64 miles
Public District Grades 6-8
Nearby Schools
5
/10
Woodson High School
540 55th St NE
Distance between this listing and this school0.08 miles
Public District Grades 9-12
2
/10
Maya Angelou Public Charter School - High School
5600 E Capitol St NE
Distance between this listing and this school0.51 miles
Public Charter Grades 9-12
7
/10
Ron Brown College Preparatory High School
4800 Meade St NE
Distance between this listing and this school0.84 miles
The neighbors living near this home have an average income of $27,000. The most common annual income of people living in Washington, DC is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 616 NE 55th St NE
What is the listing price of this property?
The listing price of 616 NE 55th St NE property is $89,000.
What type of property is this?
The property 616 NE 55th St NE is land located in Washington, District of Columbia, 20019.
Is this property for sale now?
Active Listing: 616 NE 55th St NE is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 616 NE 55th St NE in Washington, DC and zip code 20019 in the Northeast Boundary neighborhood. This home sits on a 0.04 acre lot. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $89,000.
Washington, DC housing market in October 2024 saw over 142 listings sold above listed price, more than 118 sold at listed price and over 225 sold below. The inventory of homes for sale in Washington, DC between September 2024 and October 2024 increased by 21.3%. In October 2024, listings were on the market for 43 days. During the same period, the median list price in this real estate market was $672,329.
From Rocket Homes Real Estate and based on county public records data.
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. 
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