DC Condo Boutique

3.5% Down Opportunities in Dupont Circle

dupont_circle_fountain_500

DC condo buyers can qualify for 3.5% down mortgages at FHA approved buildings.  This represents a major savings over the 20% of more down payments required for condos with conventional financing.

The FHA maintains a website with a list of FHA approved projects.  We have extrapolated that list for the Dupont Circle neighborhood and offer one-click access to all the available MLS listings in an FHA approved building.  If Dupont Circle isn't your neighborhood of choice, check back as we will be highlighting FHA approved buildings in other neighborhoods over the next several days.

The FHA approval list changes routinely, these are selected Dupont Circle FHA approved developments at the time of this posting:

31,218 Views, 0 Comments

3.5% Down Opportunities in Logan Circle

metropole_400 

DC condo buyers can qualify for 3.5% down mortgages at FHA approved buildings.  This represents a major savings over the 20% of more down payments required for condos with conventional financing.

The FHA maintains a website with a list of FHA approved projects.  We have extrapolated that list for the Logan Circle neighborhood and offer 1-click access to all the available MLS listings in FHA approved buildings.  If Logan Circle isn't your neighborhood of choice, check back as we will be highlighting FHA approved buildings in other neighborhoods over the next several days.

The FHA approval list changes routinely, these are selected Logan Circle developments that are currently approved at the time of this posting:

5,928 Views, 0 Comments

 the_chastleton_400

How many Washingtonians can claim that General Douglas MacArthur used to live in their building?  If you are one of the 300 owners at the Chastleton, you can unequivocally answer yes!  While sharing a roof with the ghost of a WWII General doesn't carry as much weight as living with Lady Gaga, Lebron or Anderson Cooper......it is still pretty cool.

The Chastleton is one of Washington DC’s most prominent historic residential structures, and is featured in James Goode’s Best Addresses: A Century of Washington’s Distinguished Apartment Houses.  The ornate Gothic-Revival design features elaborate carved limestone and glazed terra-cotta details. The Chastleton is goth in a beautiful way like Adam Lambert and Liz Vicious, not your scary run-of-the-mill goth

31,986 Views, 0 Comments

Georgetown dominates DC luxury condo sales

harbourside_400 

The most expensive condo to sell in the District during June 2010 was in Georgetown at the Residences at Harbourside, located at 2900 K Street NW #603, Washington, DC.  This 2-level penthouse unit was completed in 2008 and is 4,888 SF and features 4 BR / 4 BA.  The selling price was $3.1M / $634 SF.  This is the second consecutive month that a Residences at Harbourside unit topped the luxury market in DC.

Congratulations to selling Realtor Nancy Itteilag of Long & Foster Real Estate, Inc. for closing the most expensive condo sale in the District in June 2010.

wormley_row_400 

Honorable mention for the 2nd most expensive DC condo sold in June 2010 was in Georgetown at Wormley Row, located at 3329 Prospect Street,

2,612 Views, 0 Comments

eatonville_dc_500

 

What could be better for a busy Washingtonian than coming home from work and having a friendly place in the building to have an adult beverage and dinner?  While everyone makes fun of Norm on Cheers.....there is something to be said for having a seat at the bar where everyone knows your name!

A trend that is gaining momemtum here in the District is to develop condo buildings with ground floor retail and dining options.  While residential over retail won't work on the leafy streets of Kalorama, it certainly does in the the more urban neighborhoods of the District.  Developments with this configuration are proving very popular with their residents. 

While there are many other developments in the District with ground level dining, here are some

4,070 Views, 1 Comment

valley_vista_400  

Valley Vista is a venerable beaux arts art deco (thanks Stuart!) building overlooking Rock Creek Park and the Taft Bridge on the Adams Morgan - Kalorama border.  This 6-story, 169 unit building built in 1928 had interior common space renovations completed in 2007.

With a WalkScore ranking of 89/100, Valley Vista offers convenient walking access to Woodley Park Metro Station, Adams Morgan and Dupont Circle. Lined with tall old trees and facing Rock Creek Park, this leafy section of Belmont Road offers urban serenity for its residents.

Condo options at Valley Vista include studios, 1 BR and 2 BR options.  Currently there are three condos available at Valley Vista ranging in  price from $229,000 to $625,000.  Here is a resource to view active Valley

6,701 Views, 2 Comments

Interesting report in the minnpost.com detailing a housing experts predictions for shifts in American housingdc_beltway_traffic_250 demographics away from suburban sprawl to urban central cites and suburban town centers.  This lifestyle shift was discussed in a presentation delivered to the Urban Land Institute of Minnesota by housing researcher John Mcllwain.

For many years, the Washington DC area has been at the forefront of this suburban to urban shift described by Mcllwaine. The development around both Metro stations and town centers throughout the entire region is staggering.

Here in the District, even 25 years ago who could have predicted a renewed 14th Street Corridor....how about a revitalized Columbia Heights or luxury high-rises in the Capital Riverfront? 

3,565 Views, 4 Comments

1841_16th_400

A wonderful restoration is underway at the corner of 16th Street NW and T Street in the Dupont Circle neighborhood.  Potomac Construction Group is restoring 1841 16th Street into three luxury condos with delivery scheduled for August 2010.  Luxury finishes include Pedini Kitchens, designer appliances and bamboo flooring.

Located in the 16th Street Historic District, 1841 16th was designed by prominent DC architect Nicholas Haller.   Constructed in 1890, the building serves as the architectural keystone for the six buildings on this corner.  Before the renovation, this property was formerly known as the" Demon House,"  due to the state of disrepair it had fallen into.  In June of 2008, residents of the property were evacuated after an interior wall in

10,408 Views, 1 Comment

If you are in the market for a condo in DC, one of the things you should consider is whether or not a particular project is "FHA approved."  FHA approved means that the Federal Housing Administration will insure the loan, mitigating risks and ultimately reducing costs for the lender.  

Buyers benefit from utilizing an FHA loan in a number of ways.  Most importantly, current down payment requirements for an FHA loan is only 3.5%, significantly below the 20% to 25% down payment amount required for a conventional condo loan.  In the District on a typical $400,000 condo, the FHA down payment is $14,000 vs $80,000 - $100,000 for a conventional mortgage.  Buyers utilizing FHA backed loans also benefit from lower interest rates, easier qualification process and…
13,697 Views, 1 Comment

warehouses_at_union_row_400

 

 14th Street in DC starts at Roosevelt Island and runs north to the Maryland border in Silver Spring.  Along this corridor northward to Columbia Heights are neighborhoods where DC has experienced significant transformation and revitalization over the last decade.  The catalyst for this development was Metro Green Line extension with stations at U Street and  Columbia Heights.

Condo developments in the 14th Street Corridor heading north from downtown include the Alta at Thomas Circle.  Located further north in the Logan Circle neighborhood along 14th Street are: the Matrix; Lofts 14; Lofts 14 Two and Q14.  In the U Street Corridor neighborhood, PN Hoffman's Union Row is located on 14th Street.  Northward in the Columbia Heights neighborhood are

4,022 Views, 1 Comment