1011 INDEPENDENCE AVE SE
Washington, DC 20003

Description:

WORLDBID AUCTION – May 5 noon Starting bid is $400,000 ESTIMATED PROPERTY VALUE RANGE: $475,000 to $660,000 PRE AUCTION OFFERS DUE NOW THRU April 21st AUCTION BIDS DUE PRIOR TO OR on May 5 th noon ET PRE AUCTION OFFERS • Title Company: Old Republic Title Company • A Buyer may elect to submit a Pre Auction rather than participate in Auction bidding. • Pre auction offers may be submitted on a standard GCAAR purchase contract. Pre Auction offers may have any contingency a buyer requests. • A Pre Auction offer must be submitted no later than April 21. The offer will state the buyer will remove all contingencies no later than April 28 or close escrow by that date. If the Buyer removes contingencies or closes escrow no later than April 28, the auction will be cancelled. • The Pre Auction offer must state the offer includes the Buyer’s Premium of 4%. • No exceptions to the date deadlines will be accepted. • The buyer must provide a 10% deposit with their offer, proof of funds to close the purchase and a lender approval letter (if applicable). AUCTION DAY BIDDING • Your Sealed bid must be submitted on the Premiere Estates Sealed Bid auction purchase contract. 1. Qualifying round bids are due on may 5 Noon and must be emailed to Premiere Estates. 2. The top 50% bids (by price) of the qualifying round bids received, those bidders will be notified by May 5 at 3:00PM , they are approved to submit their final bid. 3. The bidders, which have qualified to bid in the Final Bid round are due on May 6th noon ET • Both the qualifying and final round bids must be provided on the Premiere Estates Sealed Bid auction purchase contract. • Escrow Shall close no later than June 6, 2026. • Auction day bids are completely non contingent. ------------------------- Welcome to 1011 Independence Ave SE — an exceptional opportunity to own in the very heart of Capitol Hill, one of Washington, DC’s most iconic and enduring neighborhoods. Perfectly situated just moments from Eastern Market and a short stroll to the United States Capitol, the Library of Congress, and the Supreme Court, this location places you at the center of historic charm, vibrant community life, and unmatched walkability. Property is occupied and will be conveyed with tenancy. This classic interior row home offers 1,524 square feet above grade and 1,956 total square feet of living space on a .03-acre lot. Currently configured as a 3-bedroom, 3-bath residence, the home is filled with timeless architectural character both inside and out — the kind of authentic Capitol Hill charm that continues to drive long-term value and buyer demand. The lower level is presently arranged as a third bedroom and features rear walk-up egress, providing flexibility for future reconfiguration or enhanced income potential. The property is occupied and presents a prime opportunity for investors or landlords seeking scale and upside in one of DC’s most stable and consistently appreciating submarkets. While updates are needed, strong comparable sales in the immediate area support a compelling after-repair value, making this a strategic acquisition for those looking to renovate and maximize returns. Opportunities on Independence Avenue are rare — this is your chance to secure location, character, and long-term upside in one of the most recognizable corridors on Capitol Hill.