1410-1412 Meridian Place Northwest
Description
For detailed information, including budgets, plans, and drawings, please visit the documents section. Don't miss this chance to capitalize on this exceptional development opportunity. 1410 Meridian: Improved by a 1,376+/- SF townhome. 1412 Meridian Improved by a 1,790+/- SF townhome. Projected Condo Project:
EXIT STRATEGY 1: Unit 1 - 654sf - 2 Bed, ,Unit 2 - 598 sf - 2 Bed, Unit 3 - 570 sf - 2 Bed, Unit 4 - 631 sf - 1 Bed + Den, Unit 5 (PH) - 853 sq sf- 3 bed, 3306 sq ft total for each building, Total ARV $2,550,398.29. @ $750/sq ft. EXIT STRATEGY 2: Rent = Avg Rent $3420 / unit, Annual rent = $205200, Net Rent (after 25% expenses) = $153900, ARV (@ 6% cap) = $2,565,000. Projected Construction Cost: Acquisition Cost $1.000,000; for each, Construction Cost: $578,985 ($175 per s/f x 3,306 s/f of living area);
Carrying Cost (6%): $99,000 (12 months); plans & Permits: $30,000, Legal Fees: $10,000, Total Acquisition/Construction Cost: $1,996,000
- Listed by Matthew S Cooper • Alex Cooper Auctioneers, Inc.P: (410)-977-4711 Matt@alexcooper.com
Property Details for 1410-1412 Meridian Place Northwest
Property Details for 1410-1412 Meridian Place Northwest
| Status | Active |
|---|---|
| MLS # | DCDC2161062 |
| Days on Market | 38 |
| Taxes | $5,739 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Townhouse |
| MLS Type | Residential / Fee Simple |
| Year Built | 1910 |
| Lot Size | 0.03 AC / 1,274 SF |
| County | District of Columbia |
Building Information for 1410-1412 Meridian Place Northwest
Property Information for 1410-1412 Meridian Place Northwest
- In City Limits: Yes
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: Listing Agent
- County: WASHINGTON
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Senior Community: No
- Tax Year: 2023
- Tax Assessed Value: $675,230
- Year Assessed: 2023
- County Tax: $0
- Improvement Assessed Value: $224,220
- City Town Tax: $5,739
- Land Assessed Value: $451,010
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: MU4
- Tax Lot: 21
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
- # Bedrooms Count Main Level: 0
- # Bathrooms Count Main Level: 1
- # Bathrooms Full Main Level: 1
- # Bedrooms Count All Upper Levels: 3
- # Bathrooms Count All Upper Levels: 1
- # Bathrooms Full All Upper Levels: 1
- # Bedrooms Count Upper Level: 3
- # Bathrooms Count Upper Level: 1
- # Bathrooms Full Upper Level: 1
- Stories: Main, Upper 1
- Total Finished SQFT: 1,376.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,376.00
- Total SQFT: 2,016.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Basement Type: Other
- Foundation Details: Other
- Room and Floor: Bathrooms Full-Main Level-1, Bedrooms-Upper Level 1-1, Bedrooms-Upper Level 1-2, Bedrooms-Upper Level 1-3, Bathrooms Full-Upper Level 1-1
- # Bathrooms Full: 2
- Other Structure: Above Grade, Below Grade
- Lot Size Source: Assessor
- Soil Types: Unknown
- Parcel ID: 16039193
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Heating: Yes
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Hot Water: Other
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Greater Capital Area Association of REALTORS
Property History for 1410-1412 Meridian Place Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1410-1412 Meridian Place Northwest
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Raymond Elementary School PublicPK to 5 | ||
MacFarland Middle School Public6 to 8 | ||
Roosevelt High School @ MacFarland Public9 to 12 | ||
Roosevelt STAY High School @ MacFarland Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Alex Cooper Auctioneers, Inc.
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