1622 Eastern Ave Ne, Washington, DC 20019

Back on Market—Pending Release! Major price reduction aligned with recent HUD appraisal creates a strong opportunity for both investors and homeowners. This versatile property supports multiple financing options, including conventional loans, FHA 203k, and other rehab programs—ideal for buyers looking to remodel or revamp. Conveniently located near Deanwood Metro, Kenilworth Park, Kenilworth Aquatic Gardens, and the nearby Costco Shopping Center, with easy access to downtown DC. This is a reverse mortgage short sale requiring third-party approval. With the appraisal complete, the first step of the short sale process is done. Property is sold strictly “As Is” and “Where Is.” Buyer agrees to pay a short sale processing fee of $6,000 or 2%, whichever is greater. Owner-occupied buyers may qualify for up to $10,000 in grant lender programs.