Bought with Darius Richardson • KW Metro Center
$595,000
$575,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
3001 CHANNING ST NE Washington, DC 20018
5 Beds
2 Baths
7,000 SqFt
Key Details
Sold Price $595,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $85
Subdivision Woodridge
MLS Listing ID DCDC2184608
Sold Date 11/13/25
Style Other
Bedrooms 5
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 5,000
Year Built 1925
Annual Tax Amount $3,271
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Detached
Source BRIGHT
Property 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:
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!
Location
State DC
County Washington
Zoning R
Rooms
Basement Full
Main Level Bedrooms 5
Interior
Hot Water Other
Heating None
Cooling None
Fireplaces Number 1
Fireplace Y
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Foundation Other
Above Ground Finished SqFt 5000
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 4360//0808
Ownership Fee Simple
SqFt Source 7000
Special Listing Condition Standard
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