507 Oakwood St SE, Washington, DC, 20032
About This Home
THIS IS A WONDERFUL FIXER-UPPER "BUY AND HOLD" INVESTMENT (*OPPORTUNITY ZONE*, see below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER BLOCK. TWO (2) LARGE BEDROOMS ON THE TOP FLOOR; ONE (1) DECENT-SIZED BEDROOM IN BASEMENT. BASED ON THE CURRENT CONFIGURATION AND WITH >1900SF OF INTERIOR SPACE. BUYER CAN EASILY ADD ADDITIONAL BEDROOMS AND A 1/2 BATH ON THE MAIN FLOOR, WHICH INCLUDES A BEAUTIFUL WOOD-BURNING FIREPLACE. PROPERTY ALREADY HAS A GOOD BASEMENT CEILING HEIGHT, APPROXIMATELY 7-FEET, NO NEED TO DIG DOWN FOR ADDED VALUE. ARV $425K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR $495K a few years ago) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED BATHROOMS AND KITCHEN. GREAT BONES. Property Being Sold Strictly As-Is. Reasonably Motivated Seller. INVESTOR ALERT. INVESTOR SPECIAL. Buying and investing in a property in an *OPPORTUNITY ZONE can provide a great opportunity for capital gains tax deferral, reduction and abatement, ETC., possibly even better than the 1031 Exchange, they say... TOPA Process Completed. Market rent, $2200. Property has 1 conventional tenant paying $1,800 per month, plus all utilities (gas, water and electric). GREAT rent payment history. Tenant is on a month-to-month lease. PHOTOS SHOW BEFORE TENANT MOVE-IN years ago (before 2018) AND RECENT CONDITION. Seller prefers KVS Title, which is very far along in the title clearance process and is offering a $250 closing credit to Buyer. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE. #thisgemcouldbeyours!!!
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Average
- Year built: 1941
Materials
- Foundation: Slab
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Gas Water Heater
- Laundry features: In Basement,Has Laundry,Dryer In Unit,Washer In Unit,Lower Level,Laundry Room
Basement
- Has basement: Yes
- Basement: Unfinished,Connecting Stairway,Full,Windows,Walk-Out Access,Rear Entrance
Bathroom1
- Level: Upper
Bathroom2
- Level: Lower
Bedroom1
- Level: Upper
Bedroom2
- Level: Upper
Bedroom2
- Level: Lower
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Den
- Level: Lower
Dining Room
- Level: Main
Features
- Floor Plan - Traditional,Formal/Separate Dining Room
- Number of fireplaces: 1
- Fireplace features: Mantel(s),Brick
- Fireplace: Yes
- Finished area below ground: 460
- Finished area above ground: 1,284
Heating & Cooling
- Heating features: Radiator,Natural Gas
- Cooling features: Central Air,Window Unit(s)
Interior Area
- Total structure area: 1,926
- Total interior livable area: 1,744 sqft
Kitchen
- Level: Main
Laundry
- Level: Lower
Living Room
- Level: Main
Storage Room
- Level: Lower
Utility Room
- Level: Lower
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 6001//0029
- Attached to another structure: Yes
- Zoning: R-3
- Special condition: Standard
Features
- Levels: Three
- Stories: 3
- Pool features: None
- Patio & porch: Porch,Deck
- Exterior features: Awning(s),Sidewalks,Street Lights
- Fencing: Wrought Iron,Decorative,Chain Link,Full,Back Yard
Lot
- Lot size: 2,475 sqft
- Features: Front Yard,SideYard(s),Rear Yard,Landlocked,Urban,Urban Land-Sassafras-Chillum
Parking
- Parking features: Paved,Public,On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Winter Weather
- Cold Wave
- Hail
- Hurricane
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across District of Columbia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,264 | $15,168 |
| Home Insurance * | $71 | $852 |
| Property Taxes | $184 | $2,208 |
| Electricity | $144 | $1,734 |
| Total | $1,663 | $19,956 |
Income You'd Need if You Spent...
District of Columbia FAIR Plan Programs
District of Columbia Property Insurance Facility
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-24 | Price change | $235,000 |
| 2026-03-20 | Price change | $239,900 |
| 2026-02-13 | Price change | $249,000 |
| 2026-01-13 | Price change | $259,000 |
| 2025-12-02 | Price change | $275,000 |
| 2025-11-30 | Listed for sale | $299,000 |
| 2024-11-03 | Listing removed | $280,000 |
| 2024-10-16 | Price change | $247,500 |
| 2024-10-12 | Price change | $248,000 |
| 2024-10-03 | Price change | $248,500 |
| 2024-09-06 | Price change | $249,000 |
| 2024-08-05 | Price change | $280,000 |
| 2024-07-25 | Listed for sale | $299,999 |
| 2024-07-20 | Contingent | $305,000 |
| 2024-07-17 | Listed for sale | $299,999 |
| 2024-04-06 | Listing removed | -- |
| 2024-03-28 | Price change | $278,600 |
| 2024-03-14 | Price change | $278,800 |
| 2024-03-08 | Price change | $278,900 |
| 2024-02-26 | Price change | $279,000 |
| 2024-02-16 | Price change | $299,000 |
| 2024-02-08 | Price change | $309,000 |
| 2024-01-27 | Listed for sale | $329,000 |
| 2006-01-12 | Sold | $230,000 |
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