NOT LISTED FOR SALE

Estimated Value: $944,000

0.22 Acre
$4,290,909 Price per Acre
9,600 Sq Ft Lot

Last Sold July 02, 2021

Last sale price $8,500,000

Current estimated payment $5,612/month

About This Lot

As of July 2021

An immaculate new Class A apartment complex featuring 43 units ready for occupancy. Set in an unrivaled position where the lively U Street, Adams Morgan, Mt. Pleasant, and the 14th Street Corridors converge, this property stands moments away from the tranquil greenery of Meridian Hill Park.
The units are set with High-end finishes with modern design elements, as well as vaulted ceilings.

Last Listed By

Sunil Chhabra

Samson Properties License #SP98369311 Listed on: 07/02/2021

Samson Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,580

Year Built

  • 2024

Lot Details

  • 9,600 Sq Ft Lot
  • Property is zoned RA-2

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 824
  • Assessor Parcel Number 2661//0824

Property Details

Property Type

Land

Est. Annual Taxes

$7,580

Year Built

2024

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Remarks Public: 43 Unit Entitled Condo // Apartment Project, For Comp Purposes Only
  • Special Features: None
  • Year Built: 2024

Interior Features

  • Price Per Sq Ft: 885.42
  • Street Number Modifier: 1417

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.22
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9600.00
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: RA-2
  • Farmland Preservation: No
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16038650
  • Tax Annual Amount: 7580.00
  • Assessor Parcel Number: 2661//0824
  • Tax Lot: 824
  • Tax Year: 2020
  • Close Date: 07/02/2021

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Jun 29, 2021
Sold by
1417 Belmont Property Llc
Bought by
Csc 1417 Belmont Llc
Seller's Agent
Sunil Chhabra
Samson Properties
Buyer's Agent
Samer Kuraishi
Samson Properties
List Price
$8,500,000
Sold Price
$8,500,000
Total Days on Market
0
Current Estimated Value
$944,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,556,000
Original Mortgage
$12,890,000
Outstanding Balance
$11,821,698
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2019
Sold by
Worldwide Capitol Investments Irrevocabl
Bought by
1417 Belmont Property Llc

Purchase Details

Closed on
May 11, 2011
Sold by
1417 Belmont Community Dev Llc
Bought by
Worldwide Capitol Investments

Purchase Details

Closed on
Aug 29, 2006
Sold by
1417 Belmont L L C
Bought by
1417 Belmont Community Dev

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000,000
Interest Rate
6.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2005
Sold by
1417 Belmont St Nw Llc
Bought by
Fidelity Mortgage Newtwork Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2004
Sold by
1417 Belmont Street Nw L
Bought by
1417 Belmont L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Interest Rate
5.69%
Mortgage Type
New Conventional

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Csc 1417 Belmont Llc $8,500,000 Dupont Title Group Llc
1417 Belmont Property Llc $5,000,000 None Available
Worldwide Capitol Investments $300,000 --
1417 Belmont Community Dev $9,500,000 --
Fidelity Mortgage Newtwork Llc $5,000,000 --
1417 Belmont L L C $4,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Csc 1417 Belmont Llc $12,890,000
Previous Owner 1417 Belmont Community Dev $13,000,000
Previous Owner 1417 Belmont Community Dev Llc $13,000,000
Previous Owner Fidelity Mortgage Newtwork Llc $5,000,000
Previous Owner 1417 Belmont L L C $6,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2024 03/09/24 Price Changed $2,500 -3.8% $6 / Sq Ft
03/07/2024 03/07/24 For Rent $2,599 0.0% --
07/02/2021 07/02/21 Sold $8,500,000 0.0% --
07/02/2021 07/02/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $8,500,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,253 $1,000,610 $1,000,610 --
2023 $8,339 $981,020 $981,020 $0
2022 $8,339 $981,020 $981,020 $0
2021 $8,339 $981,020 $981,020 $0
2020 $7,581 $891,840 $891,840 $0
2019 $6,891 $810,720 $810,720 $0
2018 $6,891 $810,720 $0 $0
2017 $6,891 $810,720 $0 $0
2016 $6,891 $810,720 $0 $0
2015 $6,891 $810,720 $0 $0
2014 $6,891 $810,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Similar Property in Washington, DC

  • 1936 Upshur St NW, Washington, DC 20011

    $1,100,000

    • Land
    • 0.25 Acre
    • $4,400,000 per Acre
    • 1936 Upshur St NW
    • Washington, DC

    Wow! Start construction tomorrow on a custom contemporary 5,800 square foot home with 5 Bedrooms, 5 Baths, 2 Car Garage, 2 Fireplaces, 9ft ceilings and Massive Great room, beautiful Patio and Family room. This property is located on the quietest and most beautiful tree lined streets in Washington DC. This perfectly flat lot comes with approved plans, permits, financing, and optional

    Norman Domingo XRealty.NET LLC

    Section Image

Source: Bright MLS

MLS Number: DCDC2002982

Bright MLS

APN: 2661-0225