Tagged : Petworth RSS Feed

A Petworth home was auctioned off today for $461,000.  If you add in the 6% charged by the auction company the grand total becomes $488,650.  The home at 514 Quincy St NW has 4 bedroom and 2.5 baths.  The total square feet on this Petworth home is 2,562 including the basement square footage.  The property is 2 blocks from the Petworth metro station on the green line.  An agent in our office that attended the auction estimated that over 200 buyers viewed the home on this rainy and dark Wednesday afternoon.  The home needs a full renovation and the sales price would only make sense for an end user. Considering the cost of renovations, the sales price was well beyond what would make sense for a flip.  The auction left many real estate investors who were…

2224 PERRY ST NE, WASHINGTON, DC 20018

List Price: $234,950

This is a single family home in Woodridge.  The total sq ft is 2,002 w/ 1,386 of that being above grade.  This is a great home to renovate.  The biggest challenge with this property is the tenant that is occupying it.  That tenant would need to be removed prior to purchasing it if you are an investor.  Homeowners can give them a 90 day notice to vacate if they are occupying the property. 

1509 CHANNING ST NE, WASHINGTON, DC 20018

List Price: $299,000

This is another single family home in Woodridge.  The home is listed as a short sale. Needs work.  As-is sale.  For an investor the price would need to be negotiated down for it to make sense. 

3534 6TH ST NW #3534, WASHINGTON, DC 20010

…

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 Petworth community, a mix of brick row houses and single-family homes tucked between Arkansas Avenue and North Capital Street Northwest, has come a long way from its origins as two privately owned country estates in the 1800s.

Petworth, which started to blossom as a community with a streetcar stop on a route from Silver Spring to downtown, is still bulging with project. They include a new and long-awaited Safeway, more bars along Georgia Avenue and at least one new restaurant on Upshur Street that are already receiving strong reviews from patrons.

The area’s first development came after Washington D.C. annexed the 204-acre Petworth site owned by Col. John Tayloe and the 183-acre Marshall Brown Estate. Two private development firms purchased the…

5400 31ST ST NW, WASHINGTON, DC 20015

List Price: $650,000

This is a 4 bedroom single family home in Chevy Chase right off of Military Rd NW.  The home needs renovations and is sold as-is.  A home like this in good shape will sell over $800K easily.  Buy this home and fix it up and re-sell.  Great opportunity in Chevy Chase DC. 

5501 29TH ST NW, WASHINGTON, DC 20015

List Price: $550,000

This Chevy Chase home is owned by the same owner as the home above.  This is a detached rancher on .14 of an acre.  This is a short distance from Rock Creek Park and Friendship Heights.  The home is listed as being in living condition but it needs work.  Great investment with big profit potential.

915 E ST NW #1214, WASHINGTON, DC 20004

List Price:…

1429 MORSE ST NE, WASHINGTON, DC 20002

List Price: $299,900

Good property in Trinidad to buy and hold.  This area of Trinidad is prime for increased appreciation in the years to come.  Buy now and hold on it for 3-5 years. 

 

1932 2ND ST NE, WASHINGTON, DC 20002

List Price: $240,000

Needs work but this is a low price in Eckington.  Lots of other development going on in this year.  Short walk to New York Ave or Rhode Island metro stations.

 

5329 ILLINOIS AVE NW, WASHINGTON, DC 20011

List Price: $349,000

Very rare to find a single family home for under $400K in this prime of a location.  This is a 3300 square foot semi-detached home just north of the Petworth metro station.  Parking for 3+ cars in rear. 

 

1838 KENYON ST NW,…

2012 OTIS ST NE, WASHINGTON, DC 20018

List Price: $319,000

This is a short sale in the Michigan Park neighborhood of NE DC.  $319K is a reasonable price to pay for a single family over there.  Homes in this area have sold for as much as $500K.  Area has a ton of up side. 

4922 7TH ST NW, WASHINGTON, DC 20011

List Price: $280,000

This is another short sale opportunity in Petworth.  This home has been on and off the market a few times.  Homes just like it are selling for $499K fixed up.  If you keep the costs down this is a good investment.  Will have to wait for the short sale approval. 

324 DOUGLAS ST NE, WASHINGTON, DC 20002

List Price: $280,000

Affordable option close to the Rhode Island Metro station.  Good buy and hold property while…

508 IRVING ST NW, WASHINGTON, DC 20010

List Price: $485,000

This is a 3 Bedroom, 1.5 Bath row home in the eastern edge of Columbia Heights in NW DC.  The price was reduced from $585,000 to the current list price on September 25th.  The price was way too high at $585,000 and is still too high at $485,000.  The location is great due to its proximity to the Petworth and Columbia Heights metro stations.  The development along Georgia Avenue over the next few years will definitely increase and bring values up even more as this area gentrifies.  The home also has off street parking and is 1856 total square feet. 

733 FARRAGUT ST NW, WASHINGTON, DC 20011

List Price: $399,900

This is a good size end unit row home up in northern Petworth.  The location…

1321 Massachusetts Ave SE, Washington, DC 20003

This is a great opportunity to buy a large property in one of DC's most consistant real estate markets-Capitol Hill.  The 2,800 sq ft building with 1 car garage is in the historic district so you would need to keep it a single family home.  A renovated single family home could get up to $1.1 million.  Great investment.  Most likely will get multiple offers. 

1524 Independence Ave SE #202, Washington, DC 20003

Here is a 2 bedroom, 2 bathroom unit on Capitol Hill listed for $374,900.  Tough to find 2 bedroom units listed for under $400K.  This property offers a short walk to Eastern market and the metro line. 

4508 New Hampshire Ave NW, Washington, DC 20011

This is a short sale in the Petworth area…

How much will the Kennedy Street Federal Streetscape Funds Help Change the Area?

The 1 mile stretch of Kennedy Street NW from Georgia Avenue to North Capitol Street has always been an eye sore and a forgotten about commercial corridor.  The Federal government announced on August 7, 2012 that they will designate a million dollars towards upgrading the streetscape on Kennedy St NW.  The District will be matching those funds so a total of $2 million will be invested in improving the streetlights, trees/landscaping, and sidewalks.  This will be the largest investment in a long time for this area which consists of low-scale housing and a handful of markets and food places. 

Is $2 million enough?  I don't think so.  This area really lacks adequate public…