Yes, the name Hill East is as simple as it sounds: It’s the DC neighborhood to the east of Capitol Hill. For many years it has been categorized as an extension or offshoot of Capitol Hill and lacked its own identity, but all of that will be changing soon. There are plans in the works for a large-scale mixed-use development known as Reservation 13.
At present, Hill East is distinguishable from Capitol Hill by its real estate trend of simple and honest brick rowhomes, many of which, depending on location, have front yards as well as back gardens. This housing stock is akin to that of Petworth, in its working-class roots and promotion of neighborliness. Because of the neighborhood's recent rise in prominence, Hill East property values have been
It feels passé to discuss the renaissance of Petworth, so we won’t. Petworth is here, Petworth is excellent, Petworth has come into its own! Could many more awesome things happen to this neighborhood? Yes. Will they? Absolutely! At a certain point though, you, as buyers, just have to focus on what an amazing place Petworth is to live in right now rather than crossing your fingers for the future.
Featuring an exciting mix of single-family row homes and swanky condominiums such as The Montage and Quincy at 14th, Petworth real estate possibilities reflect the neighborhood’s vibrant, multi-generational population. Recent years have shown that Petworth’s brick rowhomes are well suited to updates for 21st-century living.
As DC neighborhoods go, Capitol Riverfront (aka Navy Yard) is among the youngest. As such, it has benefited from growing up around big brothers and sisters, and seeing what works and what doesn’t. Compared to other communities that have grown and changed slowly over time, Capitol Riverfront has been thoughtfully planned out and has a lot to offer to a lot of people.
This wise planning extends to real estate and includes the construction of numerous condos. Armed with the knowledge that Capitol Riverfront would be a popular place to live--and is now one of the most densely populated neighborhoods in The District--the choice by developers to build vertically was a no-brainer. Capitol Riverfront condominiums include Velocity and Capitol Hill Tower
Community, community, community. That’s the name of the game in Warwick Village, a cohesive collection of over 600 townhomes built in the 1950s. Situated at the northern end of Alexandria, developers lucked out when the Warwick Estate (home of 19th-century philanthropist Frank Hume) went on the market, creating housing opportunities just a little closer to DC.
Warwick Village is loved for its neighborliness and is highly sought after for its immediate proximity to the very hip neighborhood of Del Ray. Residents can maintain that ‘nestled’ feeling while at home, and still be amidst the great dining and retail options of Arlandria, Potomac Yard, and Del Ray after a ten-minute walk.
Upon completion of development, Warwick Village’s array of
If you meet one or more of their requirements, you may be eligible for a home-buying loan from Veterans Affairs (VA). If so, there are two factors that can help get you closer to financing your new home with a VA loan.
The VA recently increased loan limits and removed state- and county-specific restrictions.
The Capital Park Team website features an advanced search filter for ‘VA Approved Condos Only.’
Some VA approved condos you should definitely know about are Chase Point in Friendship Heights, Residences at CityCenter in Chinatown, and Union Row in U Street. Because VA home loans are often easier to acquire for veterans and/or their families than conventional loans, the VA takes extra care to ensure the viability of the homes they
Starting January 2020, the maximum loan limit will be $1,500,000 across the country (no longer State or County specific). *Borrowers with partial VA Eligibility will want to review the amount they can purchase with no money down with a licensed lender*
What does this mean? The Funding Fee amounts for VA Purchase and Refinance transactions will increase for loans closing on or after January 1, 2020. The table below outlines these changes:
This is a great opportunity for our Veterans to purchase with no money down without county to county loan amount caps!
Virginia, Maryland, and Washington DC have considerably high veteran populations, both in terms of percentage and sheer number. That said, condominium boards and HOAs are wise to seek
That’s right--the year 2020 is here! Although we’re not all riding around on hoverboards, these are still very exciting times! In a real estate market as hot as the DMV, there are still plenty of great purchase opportunities. Based on recent trends, new development plans throughout the area, and 40+ years of combined experience selling homes in the DMV, here is our 2020 vision of neighborhoods to keep an eye on over the next 12 months!
Situated in northern Alexandria between Del Ray, Potomac Yard, and Arlandria, Warwick Village should be high up on your list. Originally conceived as rental community of over 600 townhomes, this neighborhood was developed to help house the DC area population boom of the 1940s and eventually sold
This is a cool building. No other flashy or more descriptive words are needed. It’s just cool. The Peninsula 88 condominium is located at Buzzards Point and is unique in that it is situated right where the Potomac and Anacostia Rivers meet. This makes for excellent and exciting views—especially from the building’s wisely considered rooftop terrace.
Southwest Waterfront’s elevation as a DC community cannot be oversold. The SW quadrant was already humming and buzzing with life, just waiting to become the next hot thing and then...along comes The Wharf. If there had previously been any doubt, the arrival of The Wharf made it official: Southwest Waterfront is a neighborhood to be reckoned with. The amenities and conveniences that the development
Park View, much like adjacent neighborhoods Columbia Heights and Petworth, has become increasingly popular within the last five years and the development of new homes to accommodate new residents has been going at a substantial clip. There have been several new builds in the neighborhood including The V and The Warder, as well as a strong showing of conversions like The Helicopter Factory, and renovations such as The Parkview and The McMillan. The 625 Park Road condominium combines both development practices quite deftly.
The main building of the New Commandment Baptist Church was purchased five years ago, with an aim at tearing down and re-building. Along the way, neighbors chimed in and achieved historic designation for the
Of late, the District of Columbia has seen the development of an all-but-countless number of condominiums and it appears this trend will continue. Interestingly, Washington DC’s borders remain within what was once a 100-square-mile diamond. Now as more and more people want to live here, it stands to reason that the demand for multi-family dwellings--such as condos--will increase.
Additionally, the District’s long-standing restrictions on how tall and wide buildings can be built means an increased number of individual developments--that just keep coming. Unsurprisingly for anyone who has kept up with DC’s real estate trends--or any urban market for that matter--the most sought after condos are situated on or near the water.
Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. 1313 14th Street NW, Washington, DC 20005 | 202.386.6330