1938 I Street Northeast
New Construction
New Construction
Description
Two expansive three-bedroom penthouse units, each spread over the 4th floor and penthouse level. Six thoughtfully designed two-bedroom units. Two stylish one-bedroom units. With a projected construction cost estimated between $1.2M - $1.5M, this development offers a potential sales range from $3.4M - $3.9M. The anticipated ARV is based on $580/sqft to $670/sqft, ensuring a strong return on investment. The total gross area for the 10 units is 7,414 sqft, with a net living space of 5,862 sqft. Plans have been meticulously prepared by 2Plys Architecture, a firm renowned for their expertise in multifamily condo conversions in DC. This project is truly shovel-ready with all plans and permits in place, making it an exceptional opportunity for developers looking to make an immediate impact in one of DC’s most desirable locations. Act now to seize this turn-key development opportunity and position yourself for impressive returns in the dynamic NE DC market. Contact us today for more details and to schedule a viewing.
- Listed by Nicola C Taylor • EXP Realty, LLCP: (301)-792-9276 nicolataylorhomes@gmail.com
Property Details for 1938 I Street Northeast
Property Details for 1938 I Street Northeast
| Status | Active |
|---|---|
| MLS # | DCDC2167858 |
| Days on Market | 7 |
| Taxes | $6,581 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1942 |
| Lot Size | 0.06 AC / 2,432 SF |
| County | District of Columbia |
Building Information for 1938 I Street Northeast
Property Information for 1938 I Street Northeast
- In City Limits: Yes
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: 3rd Party
- County: WASHINGTON
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2023
- Tax Assessed Value: $774,210
- Year Assessed: 2023
- County Tax: $0
- Improvement Assessed Value: $411,000
- City Town Tax: $6,581
- Land Assessed Value: $363,210
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: RA-2
- Tax Lot: 22
- School Tax: $0
- Automatically Update Tax Values Y/N: No
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 6
- Three Bedroom Units Count: 2
- Building Units Total: 4
- Total Finished SQFT: 2,368.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 2,368.00
- Total SQFT Source: Estimated
- Construction Materials: Brick
- Foundation Details: Concrete Perimeter, Other
- Other Structure: Above Grade
- Lot Size Source: Estimated
- Soil Types: Chillum-Urban Land Complex
- Parcel ID: 16128876
- Type Of Parking: On Street
- Accessibility Features: 2+ Access Exits
- Pool: No Pool
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Greater Capital Area Association of REALTORS
- List Agent URL: NicolaTaylorHomes.com
Property History for 1938 I Street Northeast
| 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.
Public Records for 1938 I Street Northeast
Schools near 1938 I Street Northeast
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 3 to 12 |
Rating | School | Distance |
|---|---|---|
Browne Education Campus PublicPK to 8 | ||
Eastern High School Public9 to 12 | ||
River Terrace Elementary School Public3 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of EXP Realty, LLC
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/08/2024 12:08 AM