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5020 7th Pl NW
Score
0
Washington, DC

5020 7th Pl NW

950K
4 bd • 4 ba • 1,845 sf

This analysis was generated on 2/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$950,000

Price/Sq.Ft

$515

Year Built

1925

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Fully Renovated: The property has undergone a complete renovation with high-end materials and custom finishes, offering a move-in-ready experience for buyers. • Modern Amenities: The home features a gourmet kitchen with quartz countertops, soft-close cabinets, and stainless-steel appliances, along with modern bathrooms with marble finishes. • Rental Potential: The basement includes a kitchenette, full bath, separate laundry, and a rear opening to a secured parking area, making it ideal for use as a rental unit or in-law suite. Four-bedroom properties in DC rent for $2742 on average. • Energy Efficiency: The property is equipped with ENERGY STAR appliances, a tankless water heater, and a 90% forced air natural gas system, which can lead to lower utility bills.

The Bad

• School Ratings: The local schools (Truesdell Education Campus, MacFarland Middle School, Roosevelt High School) have ratings between 3/10 and 4/10. This may be a concern for buyers with school-aged children who prioritize high-performing public schools. • Limited Outdoor Space: The property description highlights a back porch but does not mention a substantial yard. This may not appeal to buyers seeking extensive outdoor areas for recreation or gardening. • Days on Market: With 53 days on the market, the property has been available longer than some comparable listings. This could indicate pricing issues or other concerns that warrant further investigation. The multiple price reductions (3.9%, 1.0%, 4.9%) suggest the initial listing price was too high.

The Ugly

• High Price Point: At $950,000 and $514.91 per square foot, the property is priced at the higher end for the Petworth neighborhood. A thorough comparative market analysis (CMA) is necessary to determine if the price is justified. • Limited Historic Preservation: While the property is described as a "historic porch front," the full renovation may have removed some original features, potentially diminishing its historic character for some buyers. • Climate Risks: The property has a severe heat risk (7/10), with 98th percentile temperatures reaching 104°F and an average of 7 hot days per year. This could result in higher cooling costs and potential discomfort during summer months.

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

• Buyers seeking a fully renovated home in a vibrant DC neighborhood: The property's modern finishes and updated features are ideal for those who appreciate contemporary design and move-in readiness. • Individuals desiring a home with rental potential: The basement with a kitchenette, full bath, and separate laundry offers a great opportunity for generating rental income or accommodating guests. • Buyers prioritizing outdoor space and parking: The back porch, secured parking area with an 8-foot commercial garage door, and proximity to neighborhood amenities cater to those who value convenience and urban living. • Residents who value modern conveniences and energy efficiency: The ENERGY STAR appliances, tankless water heater, and updated utilities offer lower operating costs and environmental benefits.

Not For

• Buyers seeking a large yard or substantial outdoor space: The property description emphasizes a back porch for grilling and al fresco dining, suggesting limited yard space. The focus is on the renovated interior and parking rather than extensive landscaping. • Individuals looking for a property with minimal stairs: The description mentions an upper level with bedrooms and a basement with additional living space, indicating multiple staircases that may not be suitable for those with mobility concerns. • Buyers prioritizing top-rated schools: The local schools have ratings ranging from 3/10 to 4/10. Buyers seeking schools with higher ratings may need to consider other neighborhoods or private school options. • Those seeking a turnkey investment property with immediate cash flow: While the basement offers rental potential, there is no guarantee of immediate occupancy or rental income. Additionally, the property has been on the market for 53 days, suggesting it may not be priced as aggressively as other investment opportunities.
Demographics
Area Median Income

$86,614

Property History

Price History
Ownership Timeline
$375,000Financed
Nov 9, 2021
The Estate Of James Matthew Turner Jr, Evelyn TurnerBrooks Norris
Special Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$21,668
2024 Tax Assessment
0.0%from previous year
Assessed Value$599,280
Tax Rate3.62%

Market Insights

Real-time analysis of the local housing market

January 2025
Buyer's Market

In 20011, buyers currently have an advantage. Home prices are trending lower than usual and properties are staying on the market longer, giving you more options and better negotiating power.

$699,979
$400/sqft
0.0%
Change from last month
Your price: $950K (+36%)
Your price/sqft: $515/sqft (+29%)
323
34 sold last month
9.5%
Change from last month
52 days
Average for homes in this area
15.3%
Change from last month
This property: 163 days (+213%)

Sale Price Distribution

Last month
6
Over Asking
homes
6
At Asking
homes
22
Under Asking
homes
Total: 34 homes sold

If you're buying a home in 20011, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Sale Time Distribution

Last month
21
Under 30 Days
homes
6
30-90 Days
homes
7
Over 90 Days
homes
Your property
Total: 34 homes sold

Many homes in 20011 are selling fast, if you're buying plan to act quickly.

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 104°F

airMODERATE

5 bad air quality days per year

windMODERATE

Insurance: Recommended

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• Market Fluctuations: Washington, DC's real estate market can be sensitive to political and economic changes. Monitor local market trends to assess potential risks and opportunities. • Renovation Quality: While described as a "full renovation," verify the quality of workmanship and materials used. A professional inspection is essential to identify any hidden issues. • Basement Suitability: Assess the basement's potential for rental income. Ensure it meets local regulations for habitable space and consider the cost of any necessary upgrades. • Neighborhood Safety: Research neighborhood crime statistics and trends to assess safety concerns. While Petworth is generally considered safe, specific areas may have higher crime rates.
Insurance
Annual Cost

$3,420

$285 per month

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Schools

Showing top 5 of 9 schools

West Education Campus

Public•Grades PK-8
8/10
ElementaryMiddle
330 students

Whittier Education Campus

Public•Grades PK-8
8/10
ElementaryMiddle
325 students

Truesdell Education Campus

Public•Grades PK-8
8/10
ElementaryMiddle
698 students

Barnard Elementary School

Public•Grades PK-5
8/10
Elementary
642 students

Bruce-Monroe Elementary School @ Park View

Public•Grades PK-5
8/10
Elementary
473 students

Financials

Monthly Costs
Market Rent (4 bed)

$2,742

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$950,000
Price/sqft
$515
Layout
4 bd•4 ba
Days on market
163 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$836,667

13.5%

Your price is 13.5% above average

Median Price

$855,000

11.1%

Based on 6 recent sales

Price per Sq.Ft

$426

20.9%

Your price is 20.9% above average $/sqft

Comparable Properties

431 JEFFERSON ST NW, WASHINGTON, DC 20011
Price: $800,000
Sq.Ft: 1,628
Beds/Baths: 3/4
$/Sq.Ft:
$4914.6%
Sale Date: 1/8/2025
4908 4TH ST NW, WASHINGTON, DC 20011
Price: $890,000
Sq.Ft: 2,129
Beds/Baths: 4/4
$/Sq.Ft:
$41818.8%
Sale Date: 1/4/2025
1319 RANDOLPH ST NW #2, WASHINGTON, DC 20011
Price: $930,000
Sq.Ft: 2,002
Beds/Baths: 3/4
$/Sq.Ft:
$4659.8%
Sale Date: 11/4/2024
320 UPSHUR ST NW, WASHINGTON, DC 20011
Price: $832,500
Sq.Ft: 2,052
Beds/Baths: 3/4
$/Sq.Ft:
$40621.2%
Sale Date: 11/8/2024
419 MARIETTA PL NW, WASHINGTON, DC 20011
Price: $712,500
Sq.Ft: 1,880
Beds/Baths: 4/4
$/Sq.Ft:
$37926.4%
Sale Date: 9/26/2024
1404 QUINCY ST NW, WASHINGTON, DC 20011
Price: $855,000
Sq.Ft: 2,139
Beds/Baths: 4/4
$/Sq.Ft:
$40022.4%
Sale Date: 11/14/2024

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