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Deals of the Week          

427 7th St SE, Washington DC 20003

List Price: $525K

Bank owned 3 Unit.  Very close to Eastern Market metro on Capitol Hill.  Details are a little sketchy on this one.  May have to be a cash purchase.  Great value for the location.

 

1017 Monroe St NW #1  , Washington, DC 20010

List Price: $403,500

Fannie Mae owned.  3 Beds, 2.5 Baths on 2 levels.  Lots of development going on in this area.  Super location between Petworth and Columbia Heights.  Hard to find anything with this sq ft under $500K. 

 

4915 Illinois Ave NW, Washington, DC 20011

List Price: $350,000

Estate sale.  Large home.  4 Bed, 3 Full Bath.  Petworth real estate is booming. 

 

1420 Crittenden St NW, Washington, DC 20011

List Price:…

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I stopped by our upcoming listing at 3532 13th Street NW this afternoon and was happy to see lots of progress at the property!  The hardwoods are nearly finished in the penthouse and appliances should be in place next week.  I love the folding doors off the top rear porch!  For more information and picture, check out the web page: http://www.rcrdc.com/3532-13th-street-nw.php
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Information about DC TOPA Act

We do a lot of work on the Washington DC tenant opportunity to purchase act, which can also be referred to as the first right of refusal in the District of Columba.  TOPA, as it's called, was created out of the Rental Housing Conversation and Sale Act in the early 1980's.  It is designed to restrict owner rights and provide benefits to tenants.  The benefits for tenants include the option to purchase as well as the ability to assign their right to purchase to a third party. 

If you are considering buying a property that is tenant occupied or if you are thinking about renting your property out, you need to familiarize yourself with the Washington DC Tenant Opportunity to Purchase Act.  The process can be a challenge to…

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A concise synopsis of the Washington DC real estate market 

Buzz Around The Office

Spring has come early to the Washington DC real estate Market! Buyers are out in big numbers as inventory continues to be an issue. There are 25 percent fewer homes to choose from this March compared to last year and well-priced listings are often seeing multiple offers. Strong demand is undoubtedly exerting upward pressure on home prices here in the Nation's Capital.

Rent on apartments has continued a steady climb in recent years while interest rates have remained close to historic lows. As a result, many residents have found owning makes a lot more financial sense than renting and they're now looking to buy. The supply squeeze is also affecting small to mid-size…

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Here is the weekly list of properties that I think are worth buying in Washington DC.

816 13th St NE, Washington, DC 20002

List Price: $360,000

This is a short sale in the H Street area of Northeast DC.  The market is on fire in this area and its hard to find anything under $400K.  This property is overpriced but could make a great investment due to it being a 2 unit.  This home is on the corner of 13th St NE and Wylie St NE.  Just a half block off of H St NE.  H Street has been totally rejuvenated in the last year with lots of bars and restaurants setting up shop. This property was under contract but is now back on the market. 

1351 Taylor St NW, Washington, DC 20011

List Price: $499,000

New Rock Creek Realty listing.  Just listed by Nate…

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mount_vernon_condos_1080Anchored by the Washington DC Convention Center, Mount Vernon is a neighborhood in transition.  As the area continues to evolve many existing row houses are being converted to condos while prices in existing projects continues to rise. The sprawling row house at 428 M Street NW is currently being converted to four luxury condos with development expected in "Fall of 2012."

In the past 12 months, prices in Mount Vernon have caught up with more expensive projects to the South in Chinatown. The Sonata Condos at 301 Massachusetts Ave NW serves as an informal gateway to Mount Vernon. Another development in the neighborhood that has seen a stready rise in values demand is the condos at Ten Ten Mass. A third project at City Vista Condos has also seen strong…

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This months CR was all about saving money at the grocery store. 

1.  The only company that makes a BPA-Free water carafe is the ZeroWater company.  The ZeroWater 10-Cup Pitcher is free of bisphenol A according to their website. 

2.  Dunkin' Donuts has the best bagels according to CR Ratings(Tested plain bagels).  The top 3 are Dunkin' Donuts, Lender's Original, and Kirckland Signature(Costo). 

3.  You can now buy devices to keep track of your pet using GPS.  They cost about $200.  They even have an upgrade for keeping track of kids. 

4.  Wegmans received the #1 rating out of 52 stores that CR took surveys on.  Trader Joe's was number 2.  Harris Teeter was in the top 10.  Giant was in the middle of the pack.  Safeway was in the bottom third. 

5. …

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Here is the weekly list of the properties that I think are worth buying in Washington DC. 

1817 L St NE, Washington, DC 20002

List Price: $169,900

This is a foreclosure sale in the Trinidad area.  The property is close to H Street and Capitol Hill.  I think it is a good buy and hold property.  The investor activity has been really picking up in this area.  The property is also in decent good shape and has a big yard. 

4941 Blaine St NE, Washington, DC 20019

List Price: $100,000

Great short sale opportunity in the Deanwood area of NE DC.  Only 6 blocks away from the metro station.  Easy to take East Capitol St into DC.  This is a short sale.  Good flip. 

3008 12th St NE, Washington, DC 20017

List Price: $300,000

Offer Price: $225,000

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 240 VAN BUREN ST NW, WASHINGTON, DC 20012

This is the most affordable detached home in Northwest DC and its only 4 blocks from the Takoma Park Metro.  It is 3 bedrooms and 2 full bathrooms on 3 levels.  Makes sense to me! 

List Price is $353,100

4103 21ST ST NE, WASHINGTON, DC 20018

This is a single family detached home.  Short sale in the Michigan Park area of Northeast Washington DC.  Listing says that it is an approved short sale.  Shows well.  Very nice hardwoods.  Updated kitchen.  One downfall is that it does not have central AC.  See pictures. 

List Price is $310,000

2301 CHAMPLAIN ST NW #111, WASHINGTON, DC 20009

Great price for the location.  Condo building in Adams Morgan is only 8 years old.  1 Block away from all the stores on…

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Here are the properties that I think are worth looking into:

713 Hamilton St NW, Washington, DC 20011

Cheapest available row home in a decent location in Petworth.  Lots of folks looking for renovated homes under $450K. 

Current Price: $275,000

Offer Price: $250,000

Resale Price: $425,000

917 Columbia Rd NW, Washington, DC 20001

Tough to find a 3 bedroom, 3 bathroom single family home under $400K this close to the metro.  This one in Columbia Heights is a good buy. 

Current Price: $390,000

Offer Price: $380,000

1420 Crittenden St NW, Washington, DC 20011

Needs full renovation.  Overpriced.  Need to come in lower.  Big row homes in this area of 16th Street Heights. 

Current Price: $550,000

Offer Price: $500,000

Resale Price:…

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