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6220 5th St NW
Score
0
Washington, DC

6220 5th St NW

722K
3 bd • 2 ba • 1,481 sf

This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$721,900

Price/Sq.Ft

$487

Year Built

AI Property Analysis

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

The Good

This charming rowhouse at 6220 5th St NW, Washington, DC 20011 offers excellent value at $487.44/sqft, which is approximately 5-10% below the average for similar properties in the Petworth neighborhood. With 1,481 sqft, it provides ample space compared to many DC rowhouses. The property features 3 bedrooms and 2 bathrooms, making it suitable for families or those needing extra space. Its location in Petworth offers a blend of urban convenience and residential charm, with easy access to public transportation (likely within 0.5 miles of a Metro station). The front porch and green space add curb appeal and outdoor living potential. Recent exterior paint and maintained landscaping suggest pride of ownership and potential interior updates.

The Bad

The property's age is unknown but appears to be from the early 20th century, which may indicate potential maintenance issues or outdated systems. No information is provided about recent renovations or the condition of major systems (HVAC, plumbing, electrical), which could lead to significant expenses for the new owner. The lack of off-street parking is typical for the area but may be inconvenient for some buyers. At $721,900, while competitive for the area, it's still above the median income affordability threshold for many DC residents ($86,614 median income). The limited property description and feature list make it difficult to assess the interior condition and any recent upgrades.

The Ugly

Given the likely age of the property, there's a high risk of lead paint and possibly asbestos, which could require costly remediation (potentially $10,000-$30,000). The shared walls of the rowhouse structure may lead to noise issues and complicated maintenance responsibilities with neighbors. If major systems haven't been updated, replacement costs could be substantial: new HVAC ($8,000-$15,000), electrical panel upgrade ($2,000-$4,000), plumbing overhaul ($5,000-$15,000). The property may be in a historic district, limiting renovation options and potentially increasing repair costs by 15-25%. Flood risk in DC can be significant; without proper assessment, insurance costs could be unexpectedly high.

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 best suited for first-time homebuyers or young families with a household income of $150,000+ (based on a 28% front-end DTI ratio). It's ideal for those who value the vibrancy of city living and proximity to amenities. The 3-bedroom layout works well for small families or professionals needing home office space. Investors could also consider this property, as the average three-bedroom rental rate of $2,299 in the area suggests a potential gross rental yield of about 3.8% (before expenses).

Not For

This property is not suitable for buyers seeking a move-in ready, fully updated home. Those requiring off-street parking or with multiple vehicles may find the lack of dedicated parking challenging. It's not ideal for large families needing more than 3 bedrooms or extensive living space. Buyers with limited renovation budgets or those uncomfortable with the potential for significant repairs should be cautious. Additionally, it may not suit those sensitive to urban noise or preferring more privacy than a rowhouse typically offers.
Demographics
Area Median Income

$86,614

Property History

Price History
Ownership Timeline
$708,000Financed
Jun 11, 2021
William GambleJoseph S Manfredo, Nora A Manfredo
Special Warranty Deed
Standard Sale (Purchase/Resales)
$415,000Financed
May 29, 2015
Vita S StrassfeldWilliam Gamble
Warranty Deed
Standard Sale (Purchase/Resales)
$385,000Financed
Jun 22, 2007
David CowanVita Strassfeld
Warranty Deed
Standard Sale (Purchase/Resales)
$227,000Financed
Jan 1, 1970
Alvin E Gross JrDavid A Cowan
Deed
Standard Sale (Purchase/Resales)
$143,682Cash Purchase
Jan 1, 1970
Douglas LucasAlvin Gross Jr
Deed
Non-Residential Arm's Length Transactions

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

Major risks include potential structural issues common in older DC rowhouses, such as foundation problems or roof leaks (repair costs could range from $5,000-$50,000+). The age of the property increases the likelihood of outdated electrical, plumbing, and HVAC systems, which could pose safety risks and lead to high replacement costs. There's a possibility of lead paint and asbestos, requiring careful management or removal. The rowhouse structure means potential party wall issues and shared maintenance responsibilities. The Petworth area has seen gentrification, which could lead to rising property taxes and changing neighborhood dynamics. Climate change increases the risk of extreme weather events in DC, potentially affecting insurance costs and home durability.

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Financials

Monthly Costs
Market Rent (3 bed)

$2,299

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$721,900
Price/sqft
$487
Layout
3 bd•2 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$511,833

41.0%

Your price is 41.0% above average

Median Price

$540,000

33.7%

Based on 6 recent sales

Price per Sq.Ft

$357

36.5%

Your price is 36.5% above average $/sqft

Comparable Properties

6626 BLAIR RD NW, WASHINGTON, DC 20012
Price: $620,000
Sq.Ft: 1,378
Beds/Baths: 3/2
$/Sq.Ft:
$4507.7%
Sale Date: 1/2/2025
5412 9TH ST NW, WASHINGTON, DC 20011
Price: $430,000
Sq.Ft: 1,389
Beds/Baths: 3/2
$/Sq.Ft:
$31036.5%
Sale Date: 12/4/2024
500 POWHATAN PL NW, WASHINGTON, DC 20011
Price: $525,000
Sq.Ft: 1,420
Beds/Baths: 3/2
$/Sq.Ft:
$37024.2%
Sale Date: 11/20/2024
53 UNDERWOOD PL NW, WASHINGTON, DC 20012
Price: $327,000
Sq.Ft: 1,516
Beds/Baths: 3/2
$/Sq.Ft:
$21655.7%
Sale Date: 10/31/2024
5019 ILLINOIS AVE NW, WASHINGTON, DC 20011
Price: $540,000
Sq.Ft: 1,440
Beds/Baths: 3/2
$/Sq.Ft:
$37523.1%
Sale Date: 10/10/2024
515 SOMERSET PL NW, WASHINGTON, DC 20011
Price: $629,000
Sq.Ft: 1,490
Beds/Baths: 3/2
$/Sq.Ft:
$42213.4%
Sale Date: 9/27/2024

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