1274 Simms Pl NE, Washington, DC 20002 List Price: $289,900 This is a 4 unit multi-family property in Trinidad. The home was listed today and I expect it to get a lot of interest. This property is a short sale so it could take some time.
809 OTIS PL NW #102, WASHINGTON, DC 20010 List Price: $309,900 The prices at the Otis Flats are reasonable for its proximity to the Petworth metro. Its hard to find anything under $350K that is decent in Columbia Heights these days. Petworth is booming. Jump on board!
242 14TH ST SE, WASHINGTON, DC 20003 List Price: $325,000 The price will go up for this Capitol Hill shell close to the Potomac Ave metro station. What an opportunity to fix and resell. Homes that are fixed up are
According to a recent study, it’s 31% less expensive to own a home rather than rent in the DC metro area.
The study examined identical homes for sale and rent to calculate average prices across the metro area. The study also took into account the costs associated with homeownership including closing costs, maintenance, insurance, taxes, and more. For rentals, the study included the cost of renter’s insurance and a security deposit.
The underlying assumptions that make it 31% cheaper to buy than rent in DC are the ability to get a 30-year fixed-rate mortgage at 4.8% with a 20% downpayment, deduction itemization on federal taxes, a 25% tax bracket (income between $72,500 and $146,400 for married joint filers), and plans to stay in the home for seven
Here is this weeks list. Inventory is still extremely low so it is slim picking out there in just about all price ranges.
2810 BRENTWOOD RD NE, WASHINGTON, DC 20018
This is a giant home in Woodridge. The property is a short sale so keep that in mind. The homehas been on the market for 211 days. The price started at $669,000 on this 4 bed/4 Bath single family with a .06 acre lot. The home is listed at 3,200 sq ft. That is a reasonable price for the square feet and who knows...maybe you can get that price down more.
1326 CONSTITUTION AVE NE, WASHINGTON, DC 20002
This is a 2 unit on Capitol Hill. The value of owning real estate on Capitol Hill is only growing. The parking in the rear will hold over 4 cars. Solid piece
This is a reasonable price for a home in Riggs Park just 5 blocks from the Fort Totten metro station. This home is dated and needs some work but could be a nice home for the right buyer.
1509 CHANNING ST NE, WASHINGTON, DC 20018
List Price: $299,000
This home in Woodbridge has been on and off the market since December. It is a short sale that is currently tenant occupied. The home has great bones and would make a solid home for a buyer willing to do some fixing up.
702 4TH ST SE, WASHINGTON, DC 20003
List Price: $449,900
Homes on Capitol Hill are rarely this affordable. This is a 2 bed/1 bath attached home within walking distance to the Eastern Market metro station. A buyer
This is a large estate sale of an attached row home in Mount Pleasant that needs some loving. It is best suited for a homeowner using the FHA203K program or an investor using cash. The square footage on this home is 2,760. This 1911 built row home has a nice size lot of .06 of an acre or 2,600 square feet. The property features a 1 car garage.
422 N St NW, WASHINGTON, DC 20001
List Price: $485,000
This is a bank owned 2 unit in Shaw right by the convention center. What a great opportunity. The basement unit will bring in $1,400 a month in income. The property has the potential for 2 car parking. A lot of buyers will get scared by the boarded up windows but the property is
You would need to get the price down on this one for it to make sense. The listing agent told me that the seller has some flexibility in the price of this outer Capitol Hill home. Buy and hold or buy and flip. The property can be turned into a two unit.
1160 Neal St NE, WASHINGTON, DC 20002
List Price: $250,000
This is a two unit in the southern part of Trinidad in northeast DC. Great buy and hold property. The Trinidad area is seeing record sales so it make sense to buy this property and rent it out while the area continues to go up in value.
414 SEWARD SQ SE #202, WASHINGTON, DC 20003
List Price: $299,000
This one bedroom on the southeast side of Capitol Hill is 557
This is a solid deal in Riggs Park. The home just came back on the market and is well priced. From this location you can easily get to the beltway and down into DC. The Fort Totten metro station is only a 10 minute drive. Short distance to the Ft Totten Square site. This deal won't last long. Need to move on it asap.
1247 E St SE, WASHINGTON, DC 20003
List Price: $1,199,000
This is a 4 unit property on Capitol Hill just 2 blocks from the Potomac Ave metro station. Solid buy and hold property. The total square footage is 6,450. Great buy.
4922 7TH ST NW, WASHINGTON, DC 20011
List Price: $285,000
Row homes in Petworth rarely come on the market these days under
The Washington DC real estate market statistics for December 2012 have been released by MRIS. The statistics show that the Washington DC real estate market continues to be a sellers market. The lack of inventory remains a serious concern for the overall health of the market. The DC market has never seen supply levels so low. The active listings in December were down almost 40% from the previous year. The low inventory levels are pushing prices up. In December the median sold price was up 9.9% from the previous year. The average days on market in DC for December was 58 days.
This is an attached row home in the Petworth neighborhood. The home is near the corner of Farragut St NW and 5th St NW. Great price for the square foot. Parking pad in rear with small yard. Needs work. Investors or homeowner looking to renovate would be ideal buyers for this property.
2115 3RD ST NE, WASHINGTON, DC 20002
List Price: $299,000
This 1,917 square foot home in Eckington is reasonably priced. The home is occupied by a tenant but listings says tenant is cooperative. This is an affordable price for DC now. Buy and hold or by and move in.
4019 SOUTH DAKOTA AVE NE, WASHINGTON, DC 20018
List Price: $239,900
This is a great price for a foreclosure in Northeast DC.
A Petworth home was auctioned off today for $461,000. If you add in the 6% charged by the auction company the grand total becomes $488,650. The home at 514 Quincy St NW has 4 bedroom and 2.5 baths. The total square feet on this Petworth home is 2,562 including the basement square footage. The property is 2 blocks from the Petworth metro station on the green line. An agent in our office that attended the auction estimated that over 200 buyers viewed the home on this rainy and dark Wednesday afternoon. The home needs a full renovation and the sales price would only make sense for an end user. Considering the cost of renovations, the sales price was well beyond what would make sense for a flip. The auction left many real estate investors who were…
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