NOT LISTED FOR SALE

1516 Pennsylvania Ave SE Washington, DC 20003

Hill East Neighborhood

Estimated Value: $849,000 - $970,218

3 Beds
3.5 Baths
2,008 Sq Ft
$442/Sq Ft Est. Value

Last Sold September 16, 2024

Last sale price $860,000 $428 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,549/month

8 Days on Market

Highlights

  • Second Kitchen
  • 4-minute walk to Potomac Avenue
  • Traditional Architecture
  • Watkins Elementary School Rated A-
  • Open Floorplan
  • 4-minute walk to Chamberlain Playground

About This Home

As of September 2024

Fantastic opportunity to own a beautiful row home on Capitol Hill while earning rental income. Situated moments from the Potomac Avenue Metro Station, the home features two separately metered units, either or both of which can be rented for income purposes.

Heading upstairs, you will find a nice size "owner's suite" that features a gracious sized living area,with brand new carpet (hardwood under) and fireplace, a large dining room for entertaining, an updated kitchen and powder room. The upper level of this unit has two large bedrooms, one with an ensuite bath, and a full hall bath for the other.

The lower, traditionally considered income unit, has a charming open gourmet kitchen, nice size living area with fireplace, large bedroom and upgraded bath and the entire unit has luxury vinyl plank flooring.

The home features a 1 car parking driveway and the exterior rear features a private patio with a new 6 foot privacy fence and lots of entertaining space.

With its ideal Capitol Hill location, the home is minutes to shopping, restaurants, grocery, retail, metro and various commuter routes.

As an investment opportunity, each unit offers the potential for excellent returns. The new owner could choose to rent out both units for a steady income or live in the upstairs unit while using the lower unit as an Airbnb for even higher returns. Additional details about the expected rental income are available

Last Listed By

Evan Johnson

Compass License #616993 Listed on: 08/01/2024

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,059

Year Built

  • Built in 1979

Lot Details

  • 1,150

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2,008 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • 2 Fireplaces
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room

Kitchen

  • Second Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • 1 Driveway Space

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • 1,150 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Capitol Hill Subdivision

Listing and Financial Details

  • Tax Lot 826
  • Assessor Parcel Number 1077//0826

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,059

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 1979
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic opportunity to own a beautiful row home on Capitol Hill while earning rental income. Situated moments from the Potomac Avenue Metro Station, the home features two separately metered units, either or both of which can be rented for income purposes. Heading upstairs, you will find a nice size "owner's suite" that features a gracious sized living area,with brand new carpet (hardwood under) and fireplace, a large dining room for entertaining, an updated kitchen and powder room. The upper level of this unit has two large bedrooms, one with an ensuite bath, and a full hall bath for the other. The lower, traditionally considered income unit, has a charming open gourmet kitchen, nice size living area with fireplace, large bedroom and upgraded bath and the entire unit has luxury vinyl plank flooring. The home features a 1 car parking driveway and the exterior rear features a private patio with a new 6 foot privacy fence and lots of entertaining space. With its ideal Capitol Hill location, the home is minutes to shopping, restaurants, grocery, retail, metro and various commuter routes. As an investment opportunity, each unit offers the potential for excellent returns. The new owner could choose to rent out both units for a steady income or live in the upstairs unit while using the lower unit as an Airbnb for even higher returns. Additional details about the expected rental income are available
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Wood, Luxury Vinyl Plank
  • Interior Amenities: 2nd Kitchen, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Floor Plan - Open, Family Room Off Kitchen
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Has Laundry, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2008
  • Living Area Sq Ft: 2008
  • Price Per Sq Ft: 423.31
  • Above Grade Finished Sq Ft: 2008
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1516

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 2
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1150.00
  • Soil Types: Unknown
  • Year Assessed: 2023
  • Zoning: MU-4
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7059.00
  • Assessor Parcel Number: 1077//0826
  • Tax Lot: 826
  • Tax Total Finished Sq Ft: 1795
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 09/16/2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Sep 3, 2024
Sold by
Alan Frank Dalton Trust and Dalton Alan Frank
Bought by
Tau Byron Christopher and Rose Alicia Anne
Seller's Agent
Evan Johnson
Compass
Buyer's Agent
Brian Cusick
Keller Williams Capital Properties
List Price
$850,000
Sold Price
$860,000
Premium/Discount to List
$10,000
1.18%
Total Days on Market
8
Views
11
Current Estimated Value
$887,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,555
Avg. Annual Appreciation
0.34%
Original Mortgage
$688,000
Outstanding Balance
$686,113
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$175,681

Purchase Details

Closed on
Aug 25, 2016
Sold by
Dalton Alan F
Bought by
The Alan Frank Dalton Trust Dated March

Purchase Details

Closed on
May 8, 2007
Sold by
Bynum Tina
Bought by
Dalton Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 1997
Sold by
Georgetown Center I Inc
Bought by
Districts Associates 2121 Llc

Range of Values:

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Average Value
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List Price
Sold Price
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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
Tau Byron Christopher $860,000 Universal Title
The Alan Frank Dalton Trust Dated March -- None Available
Dalton Alan $500,000 --
Districts Associates 2121 Llc $4,725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tau Byron Christopher $688,000
Previous Owner The Alan Frank Dalton Trust Under Trust $424,800
Previous Owner Dalton Alan $417,000
Previous Owner Dalton Alan $400,000
Previous Owner Bynum Tina M $95,000
Previous Owner Bynum Tina M $70,000
Previous Owner Bynum Tina M $53,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2024 09/16/24 Sold $860,000 +1.2% $428 / Sq Ft
08/01/2024 08/01/24 For Sale $850,000 -- $423 / Sq Ft
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 $7,138 $839,770 $485,670 $354,100
2023 $7,059 $830,480 $475,340 $355,140
2022 $6,570 $772,890 $451,060 $321,830
2021 $6,397 $752,620 $442,060 $310,560
2020 $6,145 $722,930 $424,190 $298,740
2019 $5,839 $686,890 $399,600 $287,290
2018 $5,686 $668,940 $0 $0
2017 $5,560 $654,170 $0 $0
2016 $5,261 $618,950 $0 $0
2015 $4,818 $566,800 $0 $0
2014 $4,478 $526,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: DCDC2152402

Bright MLS

APN: 1077-0826