650 Morton Street Northwest
Description
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...| POTENTIAL OUTSALE OF $8-$10 MILLION | Seller Financing and/or Extended Settlement Available |
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.
- Listed by Christopher S Burns • TTR Sotheby's International RealtyP: (202)-251-7465 listings@burnsandnoble.com
Property Details for 650 Morton Street Northwest
Property Details for 650 Morton Street Northwest
| Status | Active |
|---|---|
| MLS # | DCDC2164402 |
| Days on Market | 65 |
| Taxes | $7,092 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Land / Fee Simple |
| Year Built | - |
| Lot Size | 0.15 AC |
| County | District of Columbia |
Building Information for 650 Morton Street Northwest
Property Information for 650 Morton Street 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
- Tax Year: 2024
- Tax Assessed Value: $850,620
- Year Assessed: 2024
- Improvement Assessed Value: $234,110
- City Town Tax: $7,092
- Zoning: RA-3
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: Yes
- Possible Use: Apartment Building, Apartments, Development, Multi-Family, Residential, Senior Assisted/Day Care
- Farm Land Preservation Y/N: No
- Lot Size Source: Assessor
- Lot Size Dimensions: 41'6 x 162'7
- Lot Dimensions Source: Estimated
- Current Use: Residential
- Soil Types: Unknown
- Parcel ID: 16050566
- Additional Parcels: No
- Water Source: Public
- Sewer Septic: Public Septic
- List Agent AOR: Greater Capital Area Association of REALTORS
- List Agent URL: http://thrivereteam.com
Property History for 650 Morton Street Northwest
| 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 650 Morton Street Northwest
Schools near 650 Morton Street 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 |
|---|---|---|
Bruce-Monroe Elementary School @ Park View 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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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 TTR Sotheby's International Realty
© 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 02:18 AM