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6222 5th St NW
Score
0
Washington, DC

6222 5th St NW

589K
2 bd • 1 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

$589,000

Price/Sq.Ft

$398

Year Built

1923

AI Property Analysis

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

The Good

This 1923 semi-detached townhouse in Brightwood offers excellent value at $397.70/sqft, which is approximately 20% below the DC average of $500/sqft. The property has appreciated significantly, with a 78.5% increase from $330,000 in 2006 to the current $589,000 listing. Recent updates to the kitchen and bathroom enhance its appeal while preserving original charm. The 1,481 sqft layout is spacious for a 2BR/1BA in DC, offering 23% more space than the average 1,200 sqft for similar properties. Off-street parking is a valuable asset in DC, potentially saving $200-$300 annually in parking permits. The basement provides additional storage or living space, adding flexibility and potential for expansion. The property's location offers excellent walkability, with amenities like Takoma Park, Dog Park, and Takoma Farmers Market within a 5-12 minute walk. The Whittier Education Campus, rated 8/10, is just 0.1 miles away, enhancing appeal for families.

The Bad

The single bathroom may be a limitation for some buyers, as many competing properties in this price range offer 1.5 or 2 bathrooms. At 100 years old, the property may require more maintenance and potential system upgrades. The heat pump and central A/C systems, while functional, may be nearing the end of their lifespan (typically 15-20 years) and could require replacement soon, costing $5,000-$10,000. The estimated insurance cost of $2,120.40/year is about 15% higher than the DC average of $1,842, possibly due to the property's age. The nearby middle and high schools (Ida B. Wells and Coolidge) are rated only 4/10, which may concern families with older children.

The Ugly

The severe heat risk (7/10) is a significant concern, with 7 days per year expected to reach 104°F. This could lead to increased cooling costs and potential health risks. The moderate air quality risk (4/10) with 5 bad air days per year may exacerbate respiratory issues. While the current list price shows only a 0.7% increase from the 2018 sale price, this suggests minimal appreciation over 5 years, potentially indicating a cooling market or overvaluation in 2018. The rapid price increase from $330,000 in 2006 to $585,000 in 2018 (77.3% in 12 years) may not be sustainable, raising concerns about future appreciation potential. The rental history shows volatility, with a significant drop from $3,200 to $2,500 per month in 2018, suggesting potential challenges for investors considering this as a rental property.

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 first-time homebuyers or young professionals with household incomes around $150,000-$180,000, based on a 28% front-end DTI ratio for a $589,000 purchase with 20% down. It suits those prioritizing space and charm over modern amenities, and who value walkability and proximity to local markets and parks. The property appeals to buyers looking for a long-term residence with potential for customization and value appreciation in an established neighborhood. Families with young children will appreciate the highly-rated nearby elementary school. The basement and side/back yard offer potential for home office setups or small-scale urban gardening, appealing to remote workers or hobby gardeners.

Not For

This property is not suitable for larger families needing 3+ bedrooms or multiple bathrooms. Investors seeking immediate high rental yields may find the potential rental income (estimated $2,700-$3,000/month based on local averages) insufficient relative to the purchase price, resulting in a low cap rate of around 4-4.5%. Buyers with mobility issues may struggle with the multi-level layout and potential lack of accessibility features common in older homes. Those seeking a modern, move-in ready home without the need for ongoing maintenance or updates may find the property's age and potential for required updates unappealing. Families with middle or high school-aged children might be concerned about the lower-rated nearby schools for those age groups.
Demographics
Area Median Income

$86,614

Property History

Price History
Ownership Timeline
$585,000Financed
Jul 10, 2018
Steven Andersen SaariRacheda Boukezia
Special Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 19, 2016
Steve Saari, Gwenaele CoatSteven Anderson Saari
Special Warranty Deed
Non-Arm's Length Transactions
$330,000Financed
May 24, 2006
J Gordon Forester JrSteve Saari, Coat,Gwenaele
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$4,410
2024 Tax Assessment
9.4%from previous year
Assessed Value$705,720
Tax Rate0.62%

Sunlight Analysis

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Sunlight Analysis

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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

The severe heat risk (7/10) could necessitate HVAC upgrades or increased energy costs, potentially $500-$1,000 annually. The property's age (100 years) increases the likelihood of major system failures, with potential costs including: roof replacement ($8,000-$12,000), plumbing updates ($5,000-$15,000), and electrical system modernization ($3,000-$8,000). The moderate wind risk (4/10) may result in higher insurance premiums or deductibles. The property's appreciation has slowed significantly since 2018, raising concerns about future value growth in a potentially cooling market. Zoning changes or development in the Brightwood area could impact property values and neighborhood character. The single bathroom may limit future resale potential compared to updated properties with additional bathrooms. Potential buyers should budget for energy efficiency upgrades to mitigate the impact of severe heat risks, which could cost $10,000-$20,000 for improved insulation, windows, and HVAC efficiency.
Insurance
Annual Cost

$2,120

$177 per month

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Schools

Whittier Education Campus

Public•Grades PK-5
8/5
Primary
0.1 mi
Get more information on GreatSchools

Ida B. Wells Middle School

Public•Grades 6-8
4/5
Middle
0.1 mi
Get more information on GreatSchools

Coolidge High School

Public•Grades 9-12
4/5
High
0.2 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (2 bed)

$1,838

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$589,000
Price/sqft
$398
Layout
2 bd•1 ba
Days on market
21 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$490,167

20.2%

Your price is 20.2% above average

Median Price

$524,000

12.4%

Based on 6 recent sales

Price per Sq.Ft

$361

10.2%

Your price is 10.2% above average $/sqft

Comparable Properties

623 GALLATIN ST NW, WASHINGTON, DC 20011
Price: $515,000
Sq.Ft: 1,187
Beds/Baths: 2/1
$/Sq.Ft:
$4349.1%
Sale Date: 11/7/2024
5026 7TH PL NW, WASHINGTON, DC 20011
Price: $524,000
Sq.Ft: 1,350
Beds/Baths: 3/1
$/Sq.Ft:
$3882.4%
Sale Date: 8/24/2024
6626 BLAIR RD NW, WASHINGTON, DC 20012
Price: $620,000
Sq.Ft: 1,378
Beds/Baths: 3/2
$/Sq.Ft:
$45013.1%
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:
$31022.2%
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:
$3707.0%
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:
$21645.8%
Sale Date: 10/31/2024

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