A compelling opportunity to buy below assessed value and create immediate equity through renovation in one of Washington, DC’s established residential neighborhoods.1839 Lamont Street NW offers the increasingly rare combination of an attractive acquisition basis and meaningful upside. Rather than paying a premium for someone else’s finished renovation, a buyer has the opportunity to acquire the property at a favorable basis, make improvements tailored to their own vision, and capture the resulting appreciation.The strategy is straightforward: buy right, renovate intelligently, and build equity from day one. With thoughtful modernization of the interior and a refreshed exterior, the property has the potential to be repositioned into a beautifully updated DC residence while maintaining the character and architectural details of the original home.For an owner-occupant, this is an opportunity to put renovation dollars into your own equity rather than paying a developer’s markup. For an investor, it presents a classic value-add scenario: acquire below assessed value, improve the asset, and establish a substantially stronger basis upon completion.Buy below assessed value. Improve it your way. Capture the upside yourself.
A compelling opportunity to buy below assessed value and create immediate equity through renovation in one of Washington, DC’s established residential neighborhoods.1839 Lamont Street NW offers the increasingly rare combination of an attractive acquisition basis and meaningful upside. Rather than paying a premium for someone else’s finished renovation, a buyer has the opportunity to acquire the property at a favorable basis, make improvements tailored to their own vision, and capture the resulting appreciation.The strategy is straightforward: buy right, renovate intelligently, and build equity from day one. With thoughtful modernization of the interior and a refreshed exterior, the property has the potential to be repositioned into a beautifully updated DC residence while maintaining the character and architectural details of the original home.For an owner-occupant, this is an opportunity to put renovation dollars into your own equity rather than paying a developer’s markup. For an investor, it presents a classic value-add scenario: acquire below assessed value, improve the asset, and establish a substantially stronger basis upon completion.Buy below assessed value. Improve it your way. Capture the upside yourself.
Neighborhood
Type
Total Baths
County
Washington
Tax Amount
$5,296
Status
Active
Listing #
DCDC2284184
Built
1910
Lot Size
0.06
Listed on site
16 days
Listing Agent Id
1700004197606