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…

Cathedral Commons is coming to Cleveland Park in Fall 2014!  What the heck is that?  It’s a mixed-use development including 137 apartments, 8 townhouses, retail, and parking.  The project will occupy 2 blocks of Wisconsin Avenue (between Macomb and Idaho) in view of the National Cathedral.

The cornerstone of Cathedral Commons will be a new 56,000 sq. ft. Giant grocery store, replacing the outdated 18,500 sq. ft store built in the 1950s.  The new supermarket will include full-service floral, bakery, meat, seafood, and deli departments.  In addition, the store will expand it’s offerings of fresh produce, as well as natural, organic, gluten-free, and international products.

This has been a contentious project from the start.  Some local residents are…

Hot Properties in Washington DC

3063 Clinton St NE, Washington, DC 20018

List Price: $209,900

Just came back on the market today.  Cheap for a single family home.  Regular sale.  Woodridge area.  Fix and flip for mid $300's.  Not too far from the development occurring in Fort Lincoln. 

 

3949 R St SE, Washington, DC 20020

List Price $108,000

Cheap home in Fort Dupont area of SE DC.  Fannie Mae owned.  Resale is in the mid $200's.  Low price.  Good flip.  Will sell fast.

 

160 Adams St NW, Washington, DC 20001

List Price $465,000

Who is going to be the first buyer to get this seller down to earth?  Estate sale.  Get price down and make some money.  Ledroit Park real estate is doing very well. 

4915 Illinois Ave NW, Washington, DC…

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

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…

Anchored 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…

The Petworth real estate market is booming and I expect that to continue in 2012. Petworth is one of the few areas in DC that still offers affordable homes. The Petworth neighborhood is metro accessible with easy access to downtown. Young professionals and families are moving to the area because of the convenience and affordable housing prices. I consider Petworth to be Columbia Heights Jr.  The rise in prices in Columbia Heightshas been caused by investor activity in the commercial and residential sectors.  Columbia Heights has seen massive improvements to its main commercial corridor along 14th St NW.  Now Petworth is starting to see a lot of changes to its main commercial corridor (Georgia Ave NW).  Petworth has seen the following shops and restaurants…

Columbia Heights Mansion Converted to Luxury Condos

The pace at which developers are buying up dilapidated old row houses in Columbia Heights is astonishing. If a property needs updating to bring it up to market value, then it's common to see multiple offers from local real estate developers. One of the largest row houses to be renovated in the past few months is on the 3500 block of 13th Street NW in Columbia Heights. We spoke with the developer about his plans for the once stately property. Plans are in the works to convert the 4000 square foot plus building into two luxury condos, each of which will be approximately 2000 square feet and be 3 bedrooms and 2.5 baths. The bottom floor condo will be offered at 879k and the top floor condo will be offered…