December 2012 RSS Feed

Condo development near Nationals stadium in Southeast Washington D.C. is certainly going strong. Nationals Park, ranked the 14th most well attended MLB stadium in the U.S., draws more than 2 million visitors per year but baseball fans aren't the only ones flocking to the area -- homebuyers are joining them.

More homebuyers in recent years have been drawn to the condo development near Nationals stadium, an area south of the Capitol and adjacent to the Navy Yard and along the Anacostia River. Nationals stadium opened to the public just four years ago and since then developers, despite the recession at the time, have been hustling to make the community more livable with significant condo development. This area is known as Capitol Riverfront.

Condo…

The row homes near Eastern Market, which is known as the home to D.C.’s oldest public market, are in demand for their proximity to quaint restaurants and shops and the Eastern Market Metro station in the heart of Capitol Hill.

Many of the Victorian or Federal-style row homes near Eastern Market, many of which date back to the early 20th century, are undergoing renovation for modern homeowners. The row homes near Eastern Market are nestled in a “sub-community” roughly south East Capitol Street and north of Pennsylvania Avenue, and bordered by 3rd Street and 11th St. NW.

Many young couples and families are finding the row homes near Eastern Market offer the benefits of living in Washington D.C. without the stronger party scene of Dupont and Adams Morgan…

The DC Homestead Deduction is a real estate tax benefit for District residents who own and occupy property.  This deduction can save you hundreds each year by reducing your annual tax liability and providing a cap on the assessed value of your property.

There are a few criteria that must be met to qualify for the DC Homestead Deduction.  First, you must occupy the property shortly after closing as your principal residence.  In addition, the property must contain no more than five units, including yours.  For example, if you own a condo complex with 200 units, the building would not qualify for the DC Homestead deduction.  If you own a single family home or a smaller apartment building, then you would be eligible for the DC Homestead deduction. 

So how…

523 FLORIDA AVE NW #1, WASHINGTON, DC 20001

List Price: $499,000

This is a 2 level penthouse unit in the Ledroit Park area of NW DC.  The home is 3 blocks from Howard University and the Shaw-Howard metro station on the green line.  The best feature of this home is the roof deck.  The property has been on the market for 67 days so should be some room for price negotiation. 

6227 4TH ST NW, WASHINGTON, DC 20011

List Price: $289,900

This home was just listed in Brightwood.  The square footage is 2,176 total.  The property is about 6-7 blocks from the Takoma Park metro station on the red line.  Hard to find anything under $300K.  Solid buy. 

809 6TH ST NW #44, WASHINGTON, DC 20001

List Price: $489,990

This is a 2 bed, 2 bath condo down in…

The Petworth Safeway at 3830 Georgia Avenue, NW closed in September for major renovations.  The previous building, one block from the Georgia Avenue-Petworth Metro station, was known as the “Stinky Safeway,” but hopefully the new mixed-use Petworth Safeway development will have a more complimentary nickname.

Years ago, the Petworth neighborhood was promised a replacement for their aging Safeway, but nothing materialized until now.  Some residents are not particularly fond of the design of the new Petworth Safeway.  They wish that signature architectural elements of the old building, like the arched facade, had been incorporated.  But pretty much everyone agrees that the new building will certainly be better than the current 50-year-old one, and are very…

The Wonder Bread Factory in Shaw neighborhood, where row houses and condo conversions are dominating the market, is welcoming the first of its office tenants. The Wonder Bread Factory in Shaw, located at 641 S. St. NW, has leased 20,817 square feet to WorkSpaces LLC, which plans to move in when the project is complete in January 2013.

Douglas Development Corp., which is renovating the long-dormant Wonder Bread Factory in Shaw with loft-like industrial spaces, will eventually aim to lease 98,000 square feet of office space and about 24,000 square feet of retail. The Wonder Bread Factory in Shaw was originally home to Dorsch’s White Cross Bakery before it was purchased by Continental Bakery in 1936 for the production of Hostess and Wonder Bread products.

CityMarket at O has roots dating back to 1881 with the O Street Market at the corner of 7th and O Streets, NW.  In 2002, Roadside Development purchased the deteriorating site with hopes to revitalize the Shaw neighborhood.  

Shaw is undergoing lots of changes from the Howard Theatre to retail and residential projects.  The neighborhood has not developed at the same pace as the surrounding neighborhoods of Logan Circle, Chinatown, and U Street.  But since the 2008 economic crash is behind us and financing is once again available, big projects in Shaw like CityMarket at O are now under construction.

CityMarket at O encompasses six buildings over two blocks between O and P Streets, and 7th and 9ths Streets.  The mixed-use development will include…

The DC Streetcar on H Street, a much-anticipated streetcar project on H Street and near Capital Hill, is on track revive a form of transportation popular more than 50 years ago in the District by late next year or early 2014.

The DC Streetcar on H Street will be the first phase of the DC Streetcar project, followed by segments in Anacostia and in other parts of the city after that. The main goal with the DC Streetcar on H Street is to link neighborhoods with an alternative mode of transportation that will attract more riders. The DC Streetcar on H Street will also hopefully reduce shorter inner-city auto trips and encourage more affordable housing along the DC Streetcar route on H Street.

The DC Streetcar project on H Street is an ambitious city-wide…

The CityCenterDC complex will be on the site of the former Washington Convention Center, which was torn down in 2004.  The 10-acre development near Chinatown is bordered by 11th Street NW to the west, H Street NW to the south, 9th Street NW to the east, and New Youk Avenue NW to the north.  The first phase of CityCenterDC will consist of six new buildings and a public plaza.  

CityCenterDC has been in the works since 2003, but plans were delayed after the financial collapse, and construction did not start until 2011. The first six buildings will house 515,000 square feet of office space, 458 apartments, 216 condominiums, 295,000 square feet of retail/restaurants, 1,570 underground parking spaces.  In a later phase, two more buildings will be added -- a…

776 IRVING ST NW, WASHINGTON, DC 20010

List Price: $375,000

This is a short sale in Columbia Heights.  Needs work.  2 car parking.  Area is prime for increased appreciation.  Sherman Ave project is nearly complete.  Lots of very cool commercial real estate in area and coming to area. Seller has reduced price and probably would need to come down some more.  

1140 23RD ST NW #209, WASHINGTON, DC 20037

List Price: $350,000

$350,000 for a 667 sq ft 1 bedroom 2 blocks from the metro!  Can't beat that.  Affordable for this area.  Short sale.  Needs work and would have to deal with tenant.  Good location and price. 

2627 13TH ST NW, WASHINGTON, DC 20009

List Price: $725,000

This is a 4 bedroom property in a great location.  Very reasonable…