Tagged : Real Estate RSS Feed

776 IRVING ST NW, WASHINGTON, DC 20010

List Price: $375,000

This is a short sale in Columbia Heights.  Needs work.  2 car parking.  Area is prime for increased appreciation.  Sherman Ave project is nearly complete.  Lots of very cool commercial real estate in area and coming to area. Seller has reduced price and probably would need to come down some more.  

1140 23RD ST NW #209, WASHINGTON, DC 20037

List Price: $350,000

$350,000 for a 667 sq ft 1 bedroom 2 blocks from the metro!  Can't beat that.  Affordable for this area.  Short sale.  Needs work and would have to deal with tenant.  Good location and price. 

2627 13TH ST NW, WASHINGTON, DC 20009

List Price: $725,000

This is a 4 bedroom property in a great location.  Very reasonable…

The strongest housing market is a walkable urban neighborhoods, like those in the U Street neighborhood, according to a report by the Fiscal Times, a newly started online business publication tied to the Washington Post.

Neighborhood walkability in D.C. draws homebuyers who want a small town feel in a big city as neighborhood walkability makes a trip to the grocery store feel more intimate than a grocery store trip by car would feel in the suburbs.

While Washington D.C. does boast a strong mass transit system with the Metro and busses, it’s the neighborhood walkability that connects homeowners to their surrounding blocks, fostering a sense of community. Zillow, a residential real estate website, often scores neighborhood walkability in its listings.

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1429 MORSE ST NE, WASHINGTON, DC 20002

List Price: $299,900

Good property in Trinidad to buy and hold.  This area of Trinidad is prime for increased appreciation in the years to come.  Buy now and hold on it for 3-5 years. 

 

1932 2ND ST NE, WASHINGTON, DC 20002

List Price: $240,000

Needs work but this is a low price in Eckington.  Lots of other development going on in this year.  Short walk to New York Ave or Rhode Island metro stations.

 

5329 ILLINOIS AVE NW, WASHINGTON, DC 20011

List Price: $349,000

Very rare to find a single family home for under $400K in this prime of a location.  This is a 3300 square foot semi-detached home just north of the Petworth metro station.  Parking for 3+ cars in rear. 

 

1838 KENYON ST NW,…

Refinancing Your Home in Washington DC

When refinancing your home in Washington DC you should follow these steps:

1.   Get an idea of what your Washington DC home is worth.  Email or call us and ask for the recent sales comparables that are similar to your home.  This should give you an idea of what your home is worth so you can decide if refinancing is worth exploring. 

2.  Contact a lender.  Contact a lender to see what they can offer you.  Give them all of your info and ask them what rate they can provide for refinancing your home in Washington DC.  Rates recently have been as low as 3.5% for a 30 year fixed and even lower for 15 year loans.  Ask them to provide you with a Good Faith Estimate (GFE) so you know what your closing costs look like. …

How much will the Kennedy Street Federal Streetscape Funds Help Change the Area?

The 1 mile stretch of Kennedy Street NW from Georgia Avenue to North Capitol Street has always been an eye sore and a forgotten about commercial corridor.  The Federal government announced on August 7, 2012 that they will designate a million dollars towards upgrading the streetscape on Kennedy St NW.  The District will be matching those funds so a total of $2 million will be invested in improving the streetlights, trees/landscaping, and sidewalks.  This will be the largest investment in a long time for this area which consists of low-scale housing and a handful of markets and food places. 

Is $2 million enough?  I don't think so.  This area really lacks adequate public…

1721 Bay St SE, Washington, DC 20003

List Price: $450,000

This row home came on the market on Wednesday.  The re-sale for this outer Captiol Hill home is about $630,000.  It would help to get the price down to $425K.  Capitol Hill real estate remains a solid investment. 

 

5418 13TH ST NW, WASHINGTON, DC 20011

List Price: $399,999

A home just like this one in 16th Street Heights sold for $555,000.  I think the seller has flexibility on the price.  Offer $375,000 and this deal make sense!  This home is in northern 16th Street Heights which sits between Crestwood and Petworth with Shepherd Park to the north.  The upcoming Walmart development is just a short distance away.

 

10 T ST NW, WASHINGTON, DC 20001

List Price: $500,000

The…

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 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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Washington DC Real Estate Market-Friday Hot Property Update

Here are the deals that I think are the best on the market right now.  Take a look.  If you want to see any of them please contact me.  Thanks for looking!  Ben

430 Buchanan St NW, Washington, DC 20011

Sales Price: $350,000

Renovated homes like this are selling for over $400K.  It is hard to find anything in Petworth under $400K right now.  Good buy. 

 

89 Underwood St NW, Washington, DC 20012

Price: $204,900

Foreclosed Bank of America home.  This is in Takoma Park.  Needs AC and some other work but this is a great price.  About 8 blocks from Takoma Park Metro(Red Line)

 

2901 16th St NW #103, Washington, DC 20009

Price: $249,000

This is an FDIC owned home.  Very…

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…