DC > Washington > Deanwood
Washington, DC 20019,616 NE 55TH ST NE
Washington, DC 20019,616 NE 55TH ST NE
Washington, DC 20019,616 NE 55TH ST NE
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$89,000
Est. payment /mo
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1,600 Sqft Lot
Active

616 NE 55TH ST NE Washington, DC 20019

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Sharif Ibrahim

Sharif Ibrahim

+1(202) 288-9903

UPDATED:

09/24/2024 01:23 AM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Deanwood

MLS Listing ID DCDC2132106

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $79

Tax Year 2022

Lot Size 1,600 Sqft

Acres 0.04

Property Description

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!

Location

State DC

County Washington

Zoning R

Exterior

Utilities Available None

Waterfront N

Water Access N

View Street, Trees/Woods

Street Surface Paved

Road Frontage City/County

Garage N

Building

Lot Description Partly Wooded

Sewer Within 50 FT, Public Septic

Water Within 50 FT, Public

Schools

Elementary Schools Drew

Middle Schools Kelly Miller

High Schools H.D. Woodson

School District District Of Columbia Public Schools

Others

Tax ID 5218/N/0011

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, FHA, FHVA

Horse Property N

Listing Terms Cash, Conventional, FHA, FHVA

Financing Cash,Conventional,FHA,FHVA

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by William Price • EXIT Right Realty

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Sharif Ibrahim

Agent | License ID: SP98374776

+1(202) 288-9903

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616 NE 55TH ST NE