August 2014 RSS Feed

Found 30 blog entries for August 2014.

If you’re looking for a condo in Capitol Hill, we have just the property for you on the market right now. 401 13th Street NE #305 is one-bedroom, one-bathroom 1,067 square foot condominium located in the heart of one of the District’s most popular neighborhoods. This bright and sunny condo overlooks Kingsman Park and boasts a private balcony. Inside, the property has granite countertops, stainless steel appliances, hardwood floors, and a washer and dryer. 401 13th Street NE #305 also comes with your own garaged parking space and a storage unit. It is part of the Lincoln Park Terrace complex, which is just six years old and pet friendly. The building features secure entry and a massive rooftop deck with stunning views of the U.S. Capitol and monuments.…
1,683 Views, 0 Comments

317 V Street NE is a charming 3-bedroom, 2-bathroom detached home for sale located in the Eckington neighborhood of DC. With 1,740 square feet of living space, this is a comfortably-sized house for a family. This property features soaring ceilings, an emphasis on the original woodwork, and three fireplaces hidden behind the current drywall on the first floor. The kitchen and bathrooms have been recently remodeled and offer modern appliances. Outside, there is a picturesque large front porch, parking for two cars, and a lot of 2,636 square feet. The house is located just a few blocks from the Rhode Island Avenue Metro station on the red line. Eckington is a small but popular neighborhood in Northeast DC that is very residentially oriented. It is located…
1,330 Views, 0 Comments

Mount Pleasant is one of the most established and sought-after neighborhoods in Washington, DC. Due to this, space can be limited and on the pricier side for potential buyers. There are plenty of one-bedroom condominiums available, often in larger complexes such as Embassy Condominiums, Kenyon Street Condo, Renaissance Condominium, Northbrook Condominium, and Park Road Condominium. These may be your best choice in terms of affordability in the neighborhood. Most of these condos are situated on Mount Pleasant Street NW and 16th Street NW. Mount Pleasant offers a great location close to Adams Morgan, the Columbia Heights Metro station, and downtown DC, while providing a small village feel for residents. It provides easy access to all the amenities these…
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Trinidad is an up-and-coming Northeast neighborhood that is becoming a sought-after destination for affordable housing in the District, although that affordability may not last for long. There are several larger properties in the neighborhood that have been renovated and turned into four-unit condominium complexes. These offer much more affordable options than similar units in Northwest DC and other parts of Northeast. The completely remodeled condos offer a good option for those who want to be in a newer property and don’t need the space that comes with owning a house. Situated just north of the trendy H Street Corridor, Trinidad has had a resurgence in just the last five years. While it pales in comparison to H Street NE with retail and dining options,…

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August often brings a slight decline in sales activity in Washington, DC. It is a prime vacation month for area residents as they seek to escape the District for cooler climates, beaches, and mountains. Congress is also out of session which means thousands of DC residents have more leisure time to take these vacations. As such, fewer people are looking to buy than there were earlier in the summer and spring. It also means fewer listings normally appear on the market than in other warmer months of the year. However, the good news is that so far this summer there are more listings on the market than there were a year ago in Washington, DC. The challenge in 2014 is that the median sales price has gone up, and this may account for the fact that the number of…

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The good news is that DC is steadily becoming a more pleasant and accessible place to live. The challenge for hopeful buyers is that prices aren’t where they used to be, even a year ago. The process of urban renewal in the nation's capital has become a self-fueling engine. As more people move back to the District, it inevitably leads to increased demand for local businesses and services. The demand encourages the revitalization of commercial corridors and supports a broader base of cultural, dining, and retail options. In a basic sense, more people equals a more vibrant and eclectic city. The city's build out of the Metro and bus systems along with the wild success of the Capital Bikeshare Program has created a more accessible and useful public…

1,225 Views, 0 Comments

Space is becoming more and more of a premium in DC, and the trends we’re seeing as spring turns into summer are certainly reflecting that. It’s a seller’s market in the District as prices continue to climb while the number of available properties have not risen to meet demand.

The biggest example of the lack of space is the spread of pop-ups throughout Washington, DC. These renovated townhouses are 40 to 65 feet in height, often rising high above the two-story houses next to them. The benefit of such properties is that it allows two or three units within a single 4-6 story structure, and uses available vertical space to its fullest. Often these pop-ups replace blighted structures or even vacant lots, helping to bring more housing stock to neighborhoods…

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If you're looking to make a purchase in DC's current real estate climate, the most important thing to keep in mind is that you're buying into an appreciating market. What that boils down to is that you're going to be paying more than someone else did for a similar property even just a few months ago. The sooner a buyer wraps their mind around the idea that they will very likely be paying more than the most recent comparable sales, the sooner they'll be making offers that have a reasonable chance of being accepted.

Buyers should keep in mind that not only does price make their offer competitive, but contract terms are also very important. Being flexible on the settlement date, allowing the seller some extra time to move, conducting a home inspection for…

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Buying a fixer-upper in Washington, DC is a great way to save money and have renovations done yourself, the way you want them done. When flippers purchase a home and renovate it, they are often profiting $200,000-$300,000 when they sell the property in the current DC real estate economy. Cutting out the middle man could lead to a great amount of savings for a home buyer. One neighborhood in the District that offers a number of fixer-uppers is Petworth. More and more of these properties are being snatched up by developers and renovated for a large profit. Petworth is a neighborhood on the rise in the last few years, and it offers bargains compared to nearby neighborhoods Columbia Heights, U Street Corridor, and Shaw. Much of the real estate in this area…
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City Market at O is a great example of urban revitalization in the Shaw neighborhood of Washington, DC. Home to 645 residential units, 182 hotel rooms, 86,239 square feet of retail space, and a unique Giant supermarket, this property has come a long way from its roots. City Market at O is located between O and P Street NW and 7th and 9th Streets NW, less than two blocks from the Mount Vernon Square Metro station on the yellow/green lines. In addition to Shaw, the neighborhoods of Logan Circle, Truxton Circle, and Mount Vernon Triangle are nearby. There are plenty of row homes to be found in the area, and while prices have been on the rise for the last few years, good bargains can still be found. Shaw is one of the most up-and-coming neighborhoods in the…
15,295 Views, 0 Comments