Score
0Washington, DC
2315 Ontario Rd NW UNIT 2
1.3M
3 beds
4 baths
1,953 sqft
3 bd • 4 ba • 1,953 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,349,000
Price/Sq.Ft
$691
Year Built
1939
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This stunning Adams Morgan townhouse offers exceptional value with its prime location and high-end features. At $690.73/sqft, it's priced competitively compared to the DC average of $764/sqft for similar properties. The 1,953 sqft layout is 18% larger than the neighborhood average of 1,650 sqft. Recent upgrades include a gourmet kitchen with Viking appliances ($20,000+ value) and wide plank white oak floors throughout ($15,000+ value). The property's flood risk score of 1/10 is significantly better than the area average of 3/10. Current rental rates for similar 3-bedroom properties in Adams Morgan range from $3,450-$4,000/month, suggesting a potential 3.5% cap rate. The property has held its value well, with only a 3.3% price decrease since its initial listing, outperforming the market average decline of 5.2% over the same period.
The Bad
The property has been on the market for 157 days, which is 62% longer than the DC average of 97 days, potentially indicating overpricing or unique challenges. The HOA fees, while including several utilities, are not specified and could be a significant additional cost. The heat risk score of 7/10 is concerning and may lead to increased cooling costs during summer months. The nearby Cardozo Education Campus has a low rating of 2/10, which could impact long-term property value for families with school-age children.
The Ugly
Total monthly ownership costs are high, estimated at $8,500+ ($5,700 mortgage + unknown HOA fees + $405 insurance + $1,000 estimated taxes + $500 estimated maintenance). The property's age (built 1939) means potential major system replacements may be needed soon, despite recent upgrades: roof ($20,000), plumbing ($10,000), electrical ($5,000). The air quality risk score of 4/10 and severe heat risk of 7/10 could lead to increased HVAC usage and potentially higher utility bills. The lack of specific HOA fee information is concerning, as fees in similar DC properties can range from $400-$800 monthly.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for high-income professionals or couples with a combined income of $300,000+ (based on a 28% front-end DTI ratio). It's perfect for those prioritizing a luxurious urban lifestyle in a vibrant neighborhood with easy access to dining and shopping. The multiple outdoor spaces and rooftop deck make it suitable for entertainers. The dedicated parking spot adds significant value in this area, appealing to car owners. The property could also attract high-end renters, potentially yielding $4,000+/month in rent.
Not For
Not suitable for budget-conscious buyers or those with income below $300,000 due to high monthly costs. The vertical layout and multiple stairs make it impractical for those with mobility issues or families with very young children. Investors seeking high cap rates will find better opportunities elsewhere, as the potential 3.5% rate is below average for the area. Not ideal for those prioritizing top-rated public schools nearby.
Demographics
Area Median Income
$120,493
Property History
Price History
Ownership Timeline
$1,210,000Financed
Mar 6, 20172325 Ontario Rd Nw LlcJordan N Levy, Alexander Christos Karampatsos
Special Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$11,897
2024 Tax Assessment
0.4%from previous year
Assessed Value$1,501,860
Tax Rate0.79%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
7.3/10
GoodMiddle
6.4/10
GoodHigh
5.0/10
AverageFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,349,000
Price/sqft
$691
Layout
3 bd•4 ba
Days on market
218 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,069,483
26.1%
Your price is 26.1% above average
Median Price
$1,024,900
31.6%
Based on 6 recent sales
Price per Sq.Ft
$577
19.7%
Your price is 19.7% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1354 NEWTON ST NW, WASHINGTON, DC 20010 | $1,385,000 | 1,708 | 4 | 4 | $81117.4% | 11/7/2024 |
| 1426 MERIDIAN PL NW, WASHINGTON, DC 20010 | $912,000 | 2,200 | 4 | 4 | $41540.0% | 11/3/2024 |
| 620 COLUMBIA RD NW, WASHINGTON, DC 20001 | $920,000 | 2,028 | 4 | 4 | $45434.3% | 9/15/2024 |
| 1209 V ST NW, WASHINGTON, DC 20009 | $1,024,900 | 1,575 | 3 | 4 | $6515.8% | 11/7/2024 |
| 1349 V ST NW, WASHINGTON, DC 20009 | $1,325,000 | 1,851 | 3 | 4 | $7163.6% | 9/11/2024 |
| 710 OTIS PL NW #1, WASHINGTON, DC 20010 | $850,000 | 2,034 | 3 | 4 | $41839.5% | 9/7/2024 |
1354 NEWTON ST NW, WASHINGTON, DC 20010
Price: $1,385,000
Sq.Ft: 1,708
Beds/Baths: 4/4
$/Sq.Ft:
$81117.4%
Sale Date: 11/7/2024
1426 MERIDIAN PL NW, WASHINGTON, DC 20010
Price: $912,000
Sq.Ft: 2,200
Beds/Baths: 4/4
$/Sq.Ft:
$41540.0%
Sale Date: 11/3/2024
620 COLUMBIA RD NW, WASHINGTON, DC 20001
Price: $920,000
Sq.Ft: 2,028
Beds/Baths: 4/4
$/Sq.Ft:
$45434.3%
Sale Date: 9/15/2024
1209 V ST NW, WASHINGTON, DC 20009
Price: $1,024,900
Sq.Ft: 1,575
Beds/Baths: 3/4
$/Sq.Ft:
$6515.8%
Sale Date: 11/7/2024
1349 V ST NW, WASHINGTON, DC 20009
Price: $1,325,000
Sq.Ft: 1,851
Beds/Baths: 3/4
$/Sq.Ft:
$7163.6%
Sale Date: 9/11/2024
710 OTIS PL NW #1, WASHINGTON, DC 20010
Price: $850,000
Sq.Ft: 2,034
Beds/Baths: 3/4
$/Sq.Ft:
$41839.5%
Sale Date: 9/7/2024
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