3001 Channing Street Northeast
Description
Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU). The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options. Investment Opportunities:...Asking Price: $849,000
Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU). The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options. Investment Opportunities:
Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million. New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project. This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don’t miss out on this exceptional opportunity!
- Listed by Thomas S Hennerty • NetRealtyNow.com, LLCP: (703)-581-8605 netrealty@netrealtynow.com
Property Details for 3001 Channing Street Northeast
Property Details for 3001 Channing Street Northeast
| Status | Active |
|---|---|
| MLS # | DCDC2151816 |
| Days on Market | 153 |
| Taxes | $3,271 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Fee Simple |
| Year Built | 1925 |
| Lot Size | 0.33 AC / 14,300 SF |
| County | District of Columbia |
Building Information for 3001 Channing Street Northeast
Property Information for 3001 Channing Street Northeast
- 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: 2024
- Tax Assessed Value: $605,940
- Year Assessed: 2024
- Improvement Assessed Value: $315,350
- City Town Tax: $3,271
- Land Assessed Value: $290,590
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: R
- Tax Lot: 808
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: Yes
- # Bedrooms Count Main Level: 5
- # Bathrooms Count Main Level: 2
- # Bathrooms Full Main Level: 2
- Stories: Main
- Total Finished SQFT: 5,000.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: 2,353.00
- Total SQFT: 5,000.00
- Total SQFT Source: Estimated
- Construction Materials: Other
- Basement Type: Full
- Foundation Details: Other
- Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bedrooms-Main Level-3, Bedrooms-Main Level-4, Bedrooms-Main Level-5, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2
- # Bathrooms Full: 2
- Other Structure: Above Grade, Below Grade
- Lot Size Source: Estimated
- Soil Types: Unknown
- Parcel ID: 16078861
- Type Of Parking: Driveway
- Fireplace: Yes
- Fireplaces Count: 1
- Accessibility Features: None
- Pool: No Pool
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: None
- Heating Fuel: None
- Hot Water: Other
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Northern Virginia Association of REALTORS
- List Agent URL: www.NetRealtyNow.com
Property History for 3001 Channing Street Northeast
| Date | Event & Source | Price | Appreciation |
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| 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 3001 Channing Street Northeast
Schools near 3001 Channing Street Northeast
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Langdon ES PublicPK to 5 | ||
Mckinley Middle School Public6 to 8 | ||
Dunbar High School 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 NetRealtyNow.com, 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 12/06/2024 02:44 AM