$549,900

490 M St SW Apt W705, Washington, DC 20024

  • 2 beds |
  • 2 baths |
  • 1,400 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 1966
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $393/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

1400 square foot Combined unit for Sale! West building, 7th floor, River views, Southern exposure! Rarely available (maybe first in 24 years?) combined unit with 1,400 square feet of space at Tiber Island available for sale! The combined unit--formerly a One Bedroom and a Efficiency--is a blank slate. It was combined several decades ago but no effort was made to configure it into it's potential. There have been several combined units completed at Tiber over the years and two adjacent units similar to these have been converted into a three-bedroom floor plan. A sample floor plan of a potential three bedroom design is in the photos section. Some have opened up the efficiency kitchen and made that that the kitchen for the combined unit. Whichever kitchen you remove can be converted into a laundry room which is permissible (upon Tiber Island approval). This combined unit needs a complete renovation (kitchens have original 1966 olive colored cabinets in very poor condition, and original appliances that are pretty much unusable). Bathrooms are original and could be made functional, but are in poor condition. The cooperative fees are equivalent those of a one bedroom and efficiency unit. Garage parking space available, but not included, for additional $50,000. This is a unique opportunity to have a 1,400 square foot unit at Tiber (the largest original floor plan is a 1,220 square foot two bedroom (with a single balcony). REAL ESTATE TAXES APPROXIMATELY 50% LESS THAN AN EQUIVALENTLY PRICED CONDOMINIUM! BUILDING HAS BEAUTIFUL POOL, TWO EXERCISE ROOMS, AND LOTS OF BEAUTIFULLY LANDSCAPED COMMON GROUNDS TIBER ISLAND HAS BEAUTIFUL OUTDOOR POOL, BRAND NEW GYM OPEN 24/7, 24-HR DESK IN MAIN BUILDING, AND NEWLY RENOVATED LOBBIES. HALLWAY RENOVATION ANTICIPATED IN 2025. ACROSS STREET FROM WATERFRONT METRO, NEW WHARF, SAFEWAY, CVS, ARENA STAGE, MORE! STEPS 2 NATS PARK, AUDI FIELD, NATIONAL MALL, NAVY YARD, HAINS POINT, BIKE AND JOGGING PATHS! COOP FEE $1,166\MO, ALL UTILS\CABLE\WIFI\HVAC MAINTENANCE $816\MO, REAL ESTATE TAXES $215\MO ! (TAXES ON COMPARATIVELY PRICED CONDO WOULD BE MORE THAN TWICE THE THOSE ON THIS UNIT!)

Listing Status:
Active
Date Added:
April 29, 2025 at 05:00AM
Listing Office:
Welcome Home Realty, LLC : 2024881984
Listing Agent:
Steven L. Gross : 2022101984
MLS ID:
DCDC2198088
  • General: Kitchen - GalleyBuilt-InsWood FloorsCombination Dining/LivingDining AreaFloor Plan - OpenBathroom - Tub Shower
  • Appliances: DishwasherDisposalMicrowaveOven/Range - Gas
  • Laundry: CommonHookup
  • Flooring: HardwoodCeramic TileOther
  • A/C: Programmable ThermostatZoned
  • Heating: YZonedNatural GasOil
  • Disability Feature: OtherRamp - Main Level

This listing courtesy of Steven L. Gross, Welcome Home Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Amidon-Bowen Elementary School

401 I St SW, Washington, DC, 20024

Grades EE-5

0.30 miles away

J

Jefferson Middle School Academy

801 7th St SW, Washington, DC, 20024

Grades 6-8

0.36 miles away

A

Anacostia High School

1601 16th St SE, Washington, DC, 20020

Grades 9-12

2.01 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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