650 Morton St NW Washington, DC 20010
Park View NeighborhoodEstimated payment $10,980/month
Total Views
9,330
0.15
Acre
$12,432,667
Price per Acre
6,740
Sq Ft Lot
About This Lot
| POTENTIAL OUTSALE OF $8-$10 MILLION | Seller Financing and/or Extended Settlement Available |
NEW PRICE - MOTIVATED SELLER | Prime Residential Development Opportunity Across from the Newly-Built Park Morton Apartments! This expansive 6,740 SQF flat lot with an existing end-of-row rowhouse presents a rare chance to capitalize on RA-3 zoning, allowing moderate-density residential development. Key zoning highlights include an FAR of 3.0, lot occupancy of 75%, and a building height allowance of up to 60 feet. This property offers versatile options for developers, including townhouse or "2 over 2" condos , a traditional multifamily building, or even assisted and senior-living facilities. By-right development provides upwards of 25,520 total square feet (20,220 above grade + 5,055 below grade). Development above (9) units is subject to additional bonuses and covenants required by the IZ+ program overlay. Contact the listing agent for more detailed studies, including a massing study for a 24-unit apartment concept. Renderings and documentation are available for review but are for informational purposes only. Buyers are encouraged to perform their own due diligence with zoning attorneys, architects, and civil engineers.
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,092
Year Built
- 1909
Lot Details
- 6,740 Sq Ft Lot
- Lot Dimensions are 41'6 x 162'7
- Property is zoned RA-3
Utilities
- Public Septic
Community Details
- No Home Owners Association
- Park View Subdivision
Listing and Financial Details
- Assessor Parcel Number 3040//0034
Map
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Home Values in the Area
Average Home Value in this Area
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 | $7,092 | $834,360 | $602,620 | $231,740 |
| 2023 | $6,979 | $821,000 | $590,690 | $230,310 |
| 2022 | $6,357 | $747,930 | $539,600 | $208,330 |
| 2021 | $6,223 | $732,170 | $531,650 | $200,520 |
| 2020 | $5,846 | $687,740 | $495,590 | $192,150 |
| 2019 | $5,586 | $657,220 | $478,000 | $179,220 |
| 2018 | $5,364 | $631,010 | $0 | $0 |
| 2017 | $5,049 | $594,040 | $0 | $0 |
| 2016 | $4,424 | $520,470 | $0 | $0 |
| 2015 | $3,954 | $465,180 | $0 | $0 |
| 2014 | $3,184 | $374,580 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | Price Changed | $1,864,900 | 0.0% | -- |
| 04/17/2025 04/17/25 | Price Changed | $1,864,900 | -6.8% | $951 / Sq Ft |
| 12/02/2024 12/02/24 | Price Changed | $1,999,995 | 0.0% | -- |
| 12/02/2024 12/02/24 | Price Changed | $1,999,995 | -11.1% | $1,020 / Sq Ft |
| 11/14/2024 11/14/24 | Price Changed | $2,249,999 | 0.0% | -- |
| 11/14/2024 11/14/24 | Price Changed | $2,249,999 | -6.3% | $1,148 / Sq Ft |
| 10/14/2024 10/14/24 | For Sale | $2,399,999 | 0.0% | -- |
| 10/14/2024 10/14/24 | For Sale | $2,399,995 | -- | $1,224 / Sq Ft |
Source: Bright MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,200,000 | -- | |
| Deed | $85,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | Seller Take Back | |
| Previous Owner | $51,803 | New Conventional |
Source: Public Records
Similar Property in Washington, DC
Source: Bright MLS
MLS Number: DCDC2164402
APN: 3040-0034
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