DC Condo Boutique

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There is a buzz in our office when new loft units come on the market in developments on Church Street in the Logan Circle neighborhood.  Our office location at 1506 14th Street, just around the corner from Church Street, brings lots of Logan loft shoppers to our door.   The dearth of Logan Circle loft units available for sale over the past couple of quarters has created significant pent-up demand with current our pool of Logan area condo buyers.

The block of Church Street between 14th Street and 15th Street is widely viewed as ground zero of the Logan Circle loft district.  Loft projects on this block include: Lofts 14; Lofts 14 Two; Saxon Court; The Metro; Citta 50 and Rainbow Lofts.

Currently, two Church Street loft units are listed for sale. A 2BR /

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A short list of Georgetown's best condo addresses is sure to include 3303 Water Street, a 70 unit project developed by EastBanc in 2004. Located directly on the C & O Canal, 3303 Water has views of the Potomac River and easy access to the Bethesda Bicycle Trail and Rock Creek  Park.

3303 Water features unique floor-plans with units ranging in size from 900 SF to 4,500 SF and dedicated parking spaces and storage units.  Luxury appointments include High ceilings, floor to ceiling windows, 8 foot doors, outdoor living space, custom European kitchens with Poggenphol cabinets, Sub-Zero/Gaggeneau/Miele appliances and marble baths.  Building amenities include a 24-hour concierge, uniformed doorman, rooftop pool and sun deck and fitness center.

Currently, two

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It is a great time to be in the market for a new construction luxury condo in Washington DC as there is a plentiful inventory of units and developers interested in making win-win deals.  DC's West End is currently the neighborhood of choice for many luxury buyers with multiple upscale new construction options.  Our new construction luxury picks in the West End include both 22 West and 2501 Penn.

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22 West is a nine-story, 95 unit development that was completed in 2008 by Anthony Lanier and the team at Eastbanc.  Lanier's other recent residential project, 3303 Water in Georgetown is another outstanding luxury building.  22 West features high ceilings, lots of glass and top shelf finishes along with an amenity rich experience.  Marketed with the tagline,

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The West End Tops DC Luxury Market

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The most expensive condo to sell in the District during July 2010 was in the West End at 2501 Penn, located at 2501 Pennsylvania Avenue, NW #PH1A, Washington, DC.  This new construction penthouse purchase was for the condo shell, not a complete build-out and includes a historic cupola room and 1,200 SF outdoor terrace.  The unit features 2 BR / 2.5 BA and is 2,705 SF.   The selling price was $2.3M / $850 SF (shell only).

Congratulations to selling Realtor Michael Rankin of TTR Sothebys International Realty for closing the most expensive condo sale in the District in July 2010.

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Honorable mention for the 2nd most expensive DC condo sold in July 2010 was in the West End at 22 West, located at 1177 22nd Street, NW

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Kathleen Parker's column, Leaving Olive Street but Keeping the Memories, in yesterday's Washington Post highlighted the human side of this beautiful East Village street.  It was fun to learn that Mary Jo Kopechne and Julia Child had lived on Olive Street and that the street appeared on the screen in both "Burn After Reading" and "Wedding Crashers."

Stretching just three blocks from 27th Street to 30th Street, this bucolic piece of Georgetown has much to offer.  At the 27th Street end of Olive, the extensive Rock Creek Park Trails provide endless opportunities for fitness and fun.  The shopping and dining of both Georgetown and Dupont Circle are within walking distance and are frequented by East Village residents.

The architecture along Olive Street

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ForbesWoman recently ranked Washington, DC second nationally for working moms.  The criteria utilized by ForbesWomen to rank cities included crime rates, schools, healthcare, wages and cost of living.

Strong positives for DC included the lowest unemployment rate and highest wages of all the major cities in the survey.  Working moms are finding strong employment opportunities in the government, financial services and higher education sectors.  ForbesWomen also cited significant improvements in the DC School system as another positive factor.   A challenge for the DC market is the cost of living, ranking second highest nationally.

 

Finding a condo or home in the District can be quite a challenge, a working mom member of the DC Condo Boutique team

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Interesting post on Housing Complex titled Neighborhood-making in Midcity, about the efforts to brand the 14th and U Street corridors as Midcity.  The neighborhood business association has landed a $200,000 grant from the city to further these efforts.

The Midcity neighborhood is bounded by 16th Street to tthe west, Florida Avenue to the north, 7th Street to the east and Rhode Island Ave to the south.  Most of us know and view this area today as the Venn diagram (hopefully you paid attention during 8th grade geometry) where the Logan, Dupont and U Street neighborhoods come together.

With an office in the 1500 block of 14th Street and an obsessive-complusive fixation with analyzing our website users search keywords, I can unequivocally state that the

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Slice the commute with an inbound move

The following video about the growing challenges associated with commuting into the District from the suburbs should hit home with many of our regions empty nesters.


Is it time to get back a couple hours a day spent commuting by selling the suburban home and moving into the city?  This inbound migration is a very popular lifestyle change and the overwhelming majority of our clients who have taken this plunge never look back.  Many find the biggest hurdle to move like this is psychological....what to do with all the stuff that fills the suburban 4 BR house.

Significant new construction in the last decade has changed the face of the DC stock of DC condos.  Moving back to the District doesn't mean that you will be

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3.5% Down Opportunities in DC's Mount Vernon Triangle Neighborhood

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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 Mount Vernon Triangle neighborhood and offer one-click access to all the available MLS listings in an FHA approved building.  If Mount Vernon Triangle isn't your neighborhood of choice, we have highlighted FHA approved buildings in other popular DC neighborhoods.

The FHA approval list changes routinely, these are selected Mount Vernon Triangle FHA approved developments at the time of this

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3.5% Down Opportunities in Columbia Heights

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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 Columbia Heights neighborhood and offer one-click access to all the available MLS listings in FHA buildings.  If Columbia Heights isn't your neighborhood of choice, our site has detailed information about FHA buildings in other popular DC neighborhoods.

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

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