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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…

Hot Washington DC Property Post for June 5, 2012

905 Emerson St NW, Washington, DC 20011

List Price: $264,900

Petworth is on fire right now.  Buy this and flip it.  Sell for $500-600K.

1420 Crittenden St NW, Washington, DC 20011

List Price: $549,990

This is in 16th Street Heights.  The price is way too high.  I think I have posted this on the blog 3 or 4 times now.  This seller needs a reality check.  A cash offer with quick close in the low $400's is what it will probably take to get this one.  Renovated it would sell in mid $600's.

3314 New Hampshire Ave NW, Washington, DC 20010

List Price: $345,000

Wells Fargo really underpriced this property.  It is available for owner occupants only.  It will get multiple offers.  This…

3437 Massachusetts Ave SE, Washington, DC 20019

List Price: $249,900

Will need to offer less.  Offer $180K.  Fix and Flip for $329K. 

453 Manor Pl NW, Washington, DC 20010

List Price: $450,000

4 Unit within walking distance to Petworth metro.  This area is considered Columbia Heights.  This area is east of Columbia Heights. 

5411 Illinois Ave NW, Washington, DC 20011

List Price: $299,900

Would probably need to buy as owner occupant at this price.  Too high for an investor to make a lot of money. 

708 Emerson St NE, Washington, DC 20017

List Price: $140,000

Short sale.  Needs full renovation.  Close to Fort Totten metro on the red line.  Good flip possibilities. 

812 C St NE, Washington, DC 20002

List Price: $425,000

This is a 2 unit centrally located on Capitol Hill.  What a steal at this price.  Worth over $600K.  Will have to deal with tenant.  Good buy in a popular area. 

441 Kenyon St NW, Washington, DC 20010

List Price: $360,000

Becoming very difficult to find anything this close to the Petworth metro.  Home needs a full renovation but has walk out in front for basement.  Potential rental in basement.  Close to WashingtonHospital.

4506 13th St NW, Washington, DC 20011

List Price: $450,000

Good size property.  Overpriced.  Needs to be closer to $400K.  Good rental potential in basement.  Short distance to Petworth metro.  Petworth and 16th Street Heights real estate has been moving…

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:…

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…

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…

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

…

 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…

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:…