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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. 

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:…

Every Friday I will blog about the best deals that I think are available on the market.  Buyers need to understand that inventory is very low right now.  To get a good deal you must be patient and be willing to make a lot of offers with the hopes that one will stick.  A lot of the homes on the market right now are overpriced.  You need to be prepared to make a lot of lower then asking price offers and hope that the seller comes to his or her senses. 

Here are the hot properties that I think are worth looking into:

1306 FARRAGUT ST NW, WASHINGTON, DC 20011

Huge house.  Been on the market for 217 days.  Started at $680K.  Homes on this street in 16th Street Heights have huge lots.  

Current Price: $485,000

Offer Price: $425,000

Resale Price:…

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…

The Washington DC real estate market continues to be one of the strongest in the nation. It was a busy weekend out there at open houses in DC. While I was out showing buyers homes it was sometimes challenging to get them through the doors! I believe the warmer than usual weather as well as high demand due to very low interest rates is playing a big role in the high activity level. In my opinion the warm weather has created a earlier then ever spring boom in the Washington DC real estate market. The spring market looks like it will be a continuation of the current Washington DC real estate market with perhaps a little more inventory and a lot more demand. According to MRIS the Washington DC real estate market inventory level in January was down 27.59% from…