May 2012

Reader Quiz:  What are the four words that get DC condo buyers the most excited

Answer: If you guessed new construction, price reduction you would be correct!

When a new condo development is nearing completion, most developers are looking to wrap the project up and move on the the next one.  Often buyers can get a deal on a discounted unit at this point in the development cycle.

Three new construction units at the Woodley Wardman in Woodley Park were just reduced in price by the developer.  If you previously looked at the Woodley Wardman, but didn't pull the trigger on a purchase…..now may be a good time to take another look.

The specifics on the three units with price reductions are as follows:

If you are interested in learning more about

The current traffic on the Beltway…..Aunt Sarah's Facebook updates…..the latest comments on today's controversial Washington Post article…..the score of the National's game…we are a society obsessed with getting the latest up-to-date information.  Current information should also be readily available to assist in your DC real estate search.

Here at DC Condo Boutique we have two resource to keep you up to date with the latest real estate listings to hit the market.  Our saved search tool allows you to set up pre-defined searches, which can be by neighborhood, condo name, zip code or even by defining an area on a map.  When a new listing comes on the market in your saved search, you will automatically get an e-mail with the listing details.

Another

DC Condo Boutique team members Donna Mank represented the buyer and Mansour Abu-Rahmeh represented the seller of a condo at Rainbow Lofts located at 1445 Church Street #14 in DC's Logan Circle neighborhood.  The unit featured 1 BR / 1.5 BA / 1,074 SF and closed on May 15th 2012 for $599,900 / $559 SF.

Rainbow Lofts offers a true Soho loft experience with industrial appointments including exposed brick walls, exposed ductwork, high ceilings and industrial-style windows.

DC Condo Boutique team member Mansour Abu-Rahmeh represented the buyer of a condo at the Emerson House located at 2301 N Street #717 in DC's West End neighborhood.  The unit featured 2 BR / 2 BA / 1,200 SF and closed on May 15th 2012 for $715,000 / $596 SF.

The Emerson House offers one of the premier locations in the District with quick access to the Foggy Bottom Metro Station, Dupont Circle, Georgetown and Rock Creek Park.  The building features a common roof top deck overlooking Rock Creek Park and is also a pet-friendly development.

The Rhapsody, located on Vermont Avenue NW between Florida and W is positioned in the heart of the dynamic Mid-city Corridor.  Hop on the Metro which is a block away or walk to dining and entertainment venues of both the U Street Corridor and Logan Circle neighborhoods.  Located at 2120 Vermont Ave NW, the Rhapsody is among the most walkable developments in the District with a WalkScore ranking of 95.

The Rhapsody is an FHA-approved condo development which allows condo buyers to get approved for mortgages with a down payment as low as 3.5%.  Condo owners appreciate the pet-friendly policies of the Rhapsody, a growing rarity in the District.  Building amenities include a fitness room, 24-hour security and a rooftop terrace with grilles, seating and

A new two-unit luxury development overlooking McMillan Reservoir is now on the market and the developer is accepting non-binding reservations.  The project features the complete restoration of an early 20th-century row house into two spectacular units.  This development is located in the historic Dobbins Addition section of Bloomingdale.

Developer finishes at 2419 1st are high-end and include Poggenpohl Cabinetry, concrete (unit #1) and stainless (unit #2) counters, Gaggenau and Bosch appliances, exposed ductwork, ecosmart fireplaces, AeT Italia bathroom fixtures and Brazillian KOA hardwood floors.  Each unit includes private outdoor space and dedicated off-street parking.

The location of this project on 1st Street NW between Adams Place and Channing

The most expensive condo to sell in the District during April 2012 was in Friendship Heights at Chase Point located at 4301 Military Road #711, Washington, DC.   This 3 BR / 2.5 BA / 2,093 SF condo includes two parking spaces and storage.  The selling price was $1.725M / $824 SF, which was 86% of asking price.

Congratulations to Jaleh Hafzi of Long & Foster Real Estate, Inc. for closing the most expensive condo sale in the District in April 2012.

Honorable mention for the second most expensive DC condo sold in April 2012 was in Wesley Heights at The Foxhall located at 4200 Massachusetts Avenue, #606A Washington, DC.  This 3 BR / 5 BA / 3,274 SF condo includes three parking spaces.  The selling price was $1.7M / $519 SF, which was 95% of

Tucked between the Key Bridge and the Theodore Roosevelt Bridge along Georgetown's waterfront is the exclusive Washington Harbour development.  A mixed-use project featuring office space, restaurants and 35 luxury condos, Washington Harbour is one of DC's premier residential condo developments.  The views up, down and across the Potomac River are spectacular and include the Kennedy Center, Washington Monument, Roosevelt Island and Key Bridge.

Designed in an industrial baroque style by renown architect Arthur Cotton Moore, the Washington Harbour development was delivered in 1984.  Building amenities include a rooftop pool, fitness center, underground parking,  manned door and concierge. Residents enjoy dining and relaxing at the restaurants located in the

Nothing gets the DC Condo Boutique as excited as the announcement of a new condo project in our Logan Circle neighborhood.  One of the newest Logan projects slated to deliver in the summer of 2012 is Standard Eleven.  This project is being constructed in the space formerly occupied by the Laogai Museum on the block of M Street NW between 11th and 12th.

This three-story development features eleven units with a mix of efficiencies, one-bedroom and two-bedroom floor plans.  Developer finishes include Bosch appliances, maple cabinetry, Waterworks bath fixtures and private outdoor space in selected units.  Common amenities include a shared rooftop space and limited on-site parking.

The Standard Eleven location on M Street offers convenient access to the Mt