Score
0Washington, DC
4321 8th St NW
700K
3 beds
1 baths
1,200 sqft
3 bd • 1 ba • 1,200 sf
This analysis was generated on 2/19/2025. 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
$700,000
Price/Sq.Ft
$583
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• The price per square foot ($583.33) is relatively competitive compared to the average home price in Washington, DC, potentially offering an affordable entry point into the market.
• The property has three bedrooms, which is suitable for small families or those who need extra space for a home office or guests.
• The median income in the area ($86,614) suggests a stable and desirable neighborhood.
• Rental rates for similar properties (3-bedroom) in the area are strong ($2,299/month), indicating potential rental income for investors.
The Bad
• The lack of property details (no description, room details, or utility information) raises concerns about transparency and may require further investigation.
• The single bathroom may be a drawback for some buyers, especially families.
• The absence of listed property features makes it difficult to assess the property's amenities and overall value compared to similar homes in the area.
• The unknown age of the property is a concern, as older homes may require more maintenance and repairs.
The Ugly
• The lack of off-street parking could be a major inconvenience in a dense urban area like Washington, DC. Street parking may be limited and require permits.
• Without knowing the age and condition of the property, there's a risk of unexpected repairs and maintenance costs, which can be significant in older homes.
• The high cost of living in Washington, DC, combined with potential renovation expenses, could make this property unaffordable for some buyers.
• Assuming a 20% down payment ($140,000) and a 7% interest rate, the estimated monthly mortgage payment would be approximately $3,662. Adding property taxes (estimated $319/month) and homeowner's insurance (estimated $150/month) brings the total monthly housing cost to over $4,131. This does not include potential HOA fees or maintenance costs.
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
• Homebuyers comfortable with older homes who appreciate historic charm and are prepared for potential renovations.
• Buyers seeking a relatively affordable entry point into the Washington, DC housing market, especially those considering a property with rental income potential.
• Individuals who value proximity to urban amenities, public transportation, and neighborhood character within the District.
• Those who can manage the estimated monthly costs of $4,500+, assuming a 20% down payment, a 7% interest rate, and including property taxes and insurance.
Not For
• Buyers seeking a modern, move-in-ready home with updated features and minimal renovation needs.
• Individuals who require ample living space or multiple bathrooms, as the property has only one bathroom and a relatively small square footage.
• Those who prioritize off-street parking or a large yard, as the property appears to lack dedicated parking and has limited outdoor space.
• Buyers on a strict budget who cannot afford the high cost of living and potential renovation expenses in Washington, DC.
Demographics
Area Median Income
$86,614
Property History
Price History
Ownership Timeline
$646,999Financed
Apr 14, 2020Elizabeth Ann McgeheeLauren Marie Simmons, Benjamin Roy Simmons
Special Warranty Deed
Standard Sale (Purchase/Resales)
$535,000Financed
May 26, 2016James W FleetElizabeth Ann Mcgehee
Special Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
7.8/10
GoodMiddle
6.8/10
GoodHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,589
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$700,000
Price/sqft
$583
Layout
3 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$531,500
31.7%
Your price is 31.7% above average
Median Price
$524,000
33.6%
Based on 6 recent sales
Price per Sq.Ft
$432
35.0%
Your price is 35.0% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 623 GALLATIN ST NW, WASHINGTON, DC 20011 | $515,000 | 1,187 | 2 | 1 | $43425.6% | 11/7/2024 |
| 5027 7TH PL NW, WASHINGTON, DC 20011 | $490,000 | 1,400 | 4 | 1 | $35040.0% | 11/20/2024 |
| 5026 7TH PL NW, WASHINGTON, DC 20011 | $524,000 | 1,350 | 3 | 1 | $38833.5% | 8/24/2024 |
| 1651 LAMONT ST NW #1E, WASHINGTON, DC 20010 | $560,000 | 969 | 2 | 1 | $5780.9% | 9/4/2024 |
| 444 LAMONT ST NW, WASHINGTON, DC 20010 | $510,000 | 1,331 | 3 | 2 | $38334.3% | 1/23/2025 |
| 4014 GEORGIA AVE NW #401, WASHINGTON, DC 20011 | $590,000 | 1,290 | 2 | 2 | $45721.6% | 12/10/2024 |
623 GALLATIN ST NW, WASHINGTON, DC 20011
Price: $515,000
Sq.Ft: 1,187
Beds/Baths: 2/1
$/Sq.Ft:
$43425.6%
Sale Date: 11/7/2024
5027 7TH PL NW, WASHINGTON, DC 20011
Price: $490,000
Sq.Ft: 1,400
Beds/Baths: 4/1
$/Sq.Ft:
$35040.0%
Sale Date: 11/20/2024
5026 7TH PL NW, WASHINGTON, DC 20011
Price: $524,000
Sq.Ft: 1,350
Beds/Baths: 3/1
$/Sq.Ft:
$38833.5%
Sale Date: 8/24/2024
1651 LAMONT ST NW #1E, WASHINGTON, DC 20010
Price: $560,000
Sq.Ft: 969
Beds/Baths: 2/1
$/Sq.Ft:
$5780.9%
Sale Date: 9/4/2024
444 LAMONT ST NW, WASHINGTON, DC 20010
Price: $510,000
Sq.Ft: 1,331
Beds/Baths: 3/2
$/Sq.Ft:
$38334.3%
Sale Date: 1/23/2025
4014 GEORGIA AVE NW #401, WASHINGTON, DC 20011
Price: $590,000
Sq.Ft: 1,290
Beds/Baths: 2/2
$/Sq.Ft:
$45721.6%
Sale Date: 12/10/2024
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