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$104,990   Price Analysis
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616 55th St NE
Washington, DC 20019
Unknown bed 0 bath unknown SqFt ($0/SqFt)
1,600SqFt lot.
Listed 2024-03-15
Ⓧ USDA Ineligible
due to property

near Washington

Rare Opportunity Alert!

Calling all Builders, Investors and Brand 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, unlimited potential and motivated seller, this property won't last long on the market. Don't miss out on th 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!


Presented by William Price at
EXIT RIGHT REALTY.
Listing Agent Photo

Property MLS #DCDC2132106 from BrightMLS

Lot Size Acres: 0.0367309
Lot Size Square Feet: 1599

View: Street, Trees/Woods

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: DREW
High School: H.D. WOODSON
Middle School: KELLY MILLER
School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Drew Elementary School is a public elementary school located approximately 0.2 miles away.
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H.D. Woodson High School is a public high school located approximately 0.2 miles away.
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Kelly Miller Middle School is a public middle school located approximately 0.6 miles away.
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The Monroe School is a private middle and high school located approximately 0.4 miles away.
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Annual Tax Amount: 79.0
Source Listing Status: Active
County: WASHINGTON
Current Use: Land/Lot Only
Ownership: Fee Simple
Source Property Type: Land
Area: WASHINGTON
Source Neighborhood: DEANWOOD
Subdivision: DEANWOOD
Property Subtype: Land
Source System Name: C2C

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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.