NOT LISTED FOR SALE

413 Atlantic St SE Washington, DC 20032

Washington Highlands Neighborhood

Estimated Value: $677,000 - $710,454

-- Bed
-- Bath
4,725 Sq Ft
$147/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $705,000 $149 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,559/month

24 Days on Market

About This Home

As of October 2024

Investment Opportunity – Entirely Vacant Multifamily Building!
Situated at 413 Atlantic St SE, this completely vacant multifamily property boasts four expansive units with 3 bedrooms and 1 bathroom each, plus a basement unit offering 4 bedrooms and 2 bathrooms.

In 2023, the building experienced a comprehensive interior renovation, which encompassed new finishes for unit interiors, enhancements to shared spaces, and the installation of new appliances, along with the replacement or repair of significant building systems. The latest appraisal values the property at $910,000, derived from an income approach based on $127,000 in annual gross rents and 32% operating expenses which leave a huge room for CASHFLOW

Conveniently located near I-295 and South Capitol Street for easy commuting, the property is just minutes from the Congress Heights Metro Station (Green Line) and several bus lines.

Last Listed By

Abel Gebremichael

Keller Williams Capital Properties Listed on: 09/20/2024

Keller Williams Capital Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 5,500 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 4,725 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 800
  • Assessor Parcel Number 6166//0800

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-09-20
  • Year Built: 1943
  • Automatically Close On Close Date: No
  • Remarks Public: Investment Opportunity – Entirely Vacant Multifamily Building! Situated at 413 Atlantic St SE, this completely vacant multifamily property boasts four expansive units with 3 bedrooms and 1 bathroom each, plus a basement unit offering 4 bedrooms and 2 bathrooms. In 2023, the building experienced a comprehensive interior renovation, which encompassed new finishes for unit interiors, enhancements to shared spaces, and the installation of new appliances, along with the replacement or repair of significant building systems. The latest appraisal values the property at $910,000, derived from an income approach based on $127,000 in annual gross rents and 32% operating expenses which leave a huge room for CASHFLOW Conveniently located near I-295 and South Capitol Street for easy commuting, the property is just minutes from the Congress Heights Metro Station (Green Line) and several bus lines.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 4725
  • Living Area Sq Ft: 4725
  • Price Per Sq Ft: 148.13
  • Above Grade Finished Sq Ft: 4725
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 413

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5500.00
  • Soil Types: Unknown
  • Year Assessed: 2023
  • Zoning: R-2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 23022.00
  • Assessor Parcel Number: 6166//0800
  • Tax Lot: 800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 10/31/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Oct 31, 2024
Sold by
413 Atlantic 23 Llc
Bought by
413 Atlantic St Se Llc
Seller's Agent
Abel Gebremichael
Keller Williams Capital Properties
Buyer's Agent
Buchi Offodile
Sold 100 Real Estate, Inc.
List Price
$699,900
Sold Price
$705,000
Premium/Discount to List
$5,100
0.73%
Total Days on Market
24
Views
65
Current Estimated Value
$693,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,273
Avg. Annual Appreciation
-3.24%
Original Mortgage
$503,750
Outstanding Balance
$502,264
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$191,463

Purchase Details

Closed on
May 20, 2019
Sold by
Lln Llc
Bought by
413 Atlantc St Se Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2018
Sold by
Bowser Mayor Of The District Of Col Muriel E and Dixon Merrick
Bought by
Lln Llc

Purchase Details

Closed on
Dec 31, 1996
Sold by
Medley Kathleen O Estate Of
Bought by
Dixon Merrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.55%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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
413 Atlantic St Se Llc $705,000 District Title
413 Atlantc St Se Llc $400,000 Olympia Title Llc
Lln Llc $1,189 None Available
Dixon Merrick $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 413 Atlantic St Se Llc $503,750
Previous Owner 413 Atlantc St Se Llc $1,050,000
Previous Owner 413 Atlantc St Se Llc $787,500
Previous Owner Dixon Merrick $200,000
Previous Owner Dixon Merrick $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $705,000 +0.7% $149 / Sq Ft
09/20/2024 09/20/24 For Sale $699,900 -- $148 / 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 $25,157 $503,140 $276,760 $226,380
2023 $23,022 $460,440 $271,370 $189,070
2022 $13,260 $453,320 $271,370 $181,950
2021 $2,696 $317,190 $271,370 $45,820
2020 $15,267 $305,330 $246,680 $58,650
2019 $2,595 $305,330 $224,240 $81,090
2018 $2,595 $305,330 $0 $0
2017 $15,267 $305,330 $0 $0
2016 $2,520 $296,480 $0 $0
2015 $2,520 $296,500 $0 $0
2014 $8,512 $291,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Abel Gebremichael

    Seller's Agent in 2024

    Abel Gebremichael

    Keller Williams Capital Properties

    (202) 301-3117

    2 in this area

    144 Total Sales

    Abel Gebremichael
    Section Image
  • Buchi Offodile

    Buyer's Agent in 2024

    Buchi Offodile

    Sold 100 Real Estate, Inc.

    (202) 899-7808

    1 in this area

    85 Total Sales

    Buchi Offodile
    Section Image
See All Agents

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Source: Bright MLS

MLS Number: DCDC2159260

Bright MLS

APN: 6166-0800

District of Columbia District of Columbia County Washington 20032 Washington Highlands

413 Atlantic St SE, Washington, DC

Homes for Sale in Washington, DC

This home is located at 413 Atlantic St SE, Washington, DC 20032 since 20 September 2024 and is currently estimated at $693,727, approximately $146 per square foot. This property was built in 1943. 413 Atlantic St SE is a home located in District of Columbia with nearby schools including Hendley Elementary School, Hart Middle School, and Ballou High School.

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