September 2012 RSS Feed

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…

Refinancing Your Home in Washington DC

When refinancing your home in Washington DC you should follow these steps:

1.   Get an idea of what your Washington DC home is worth.  Email or call us and ask for the recent sales comparables that are similar to your home.  This should give you an idea of what your home is worth so you can decide if refinancing is worth exploring. 

2.  Contact a lender.  Contact a lender to see what they can offer you.  Give them all of your info and ask them what rate they can provide for refinancing your home in Washington DC.  Rates recently have been as low as 3.5% for a 30 year fixed and even lower for 15 year loans.  Ask them to provide you with a Good Faith Estimate (GFE) so you know what your closing costs look like. …

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…