DC Condo Boutique

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 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

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Snow's Court + Hughes Mews Alley Dwellings

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Tucked away in Foggy Bottom just nine blocks from the White House are the historic Hughes Mews and Snow's Court alleys.  These alleys feature charming row houses originally built in the late 19th century to accommodate the growing industrial workforce of Foggy Bottom.

Alley life in the 19th century was thought to be challenging with multiple families living in a single row house dwelling. In a project for the Historic Preservation Program at the University of Pennsylvania, School of Design, Eldra D. Walker provides an informative overview of late 19th century alley living conditions. Today, these alley homes have been restored to single-family homes and offer a unique urban experience.

Hughes News is located

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 dumbarton_buffalo_240In the upper-crust Georgetown social circles, a friendly rivalry exists between residents of the East Village and West  Village enclaves.  Although not fortified like the Maginot Line during World War II, Wisconsin Avenue serves as the dividing line between these two urban villages.  East Village is home to the rich and famous including Ben Bradlee, Sally Quinn and Bob Woodward and has also been featured in several movies over the years.

One of the key attractions to East Village residents is the close proximity to both Dupont Circle and Foggy Bottom and their Metro Stations.  With Walk Scores in the mid 80s, the East Village is classified as a "very walkable" neighborhood.  East Village residents enjoy the greenery, natural beauty and serenity of

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Logan Circle at the intersection of Rhode Island and Vermont Avenues and 13th and P Streets is the last surviving residential-only traffic circle in the original L'Enfant Plan.  The Victorian row houses that ring Logan Circle are among the most famous and photographed in the entire district.

The post-war economic downturn and white flight in the Logan Circle neighborhood stifled investment and stalled development that would have replaced Victorian-era row houses with denser developments.  As gentrification has consumed the Logan neighborhood, block after block of row houses have been brought back to life in a grand manner.

Row house architecture in Logan Circle includes Renaissance Revival, Second Empire, Richardson Romanesque and Romanesque Revival

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Georgetown and Kalorama Have Top Luxury Sales
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The most expensive condo to sell in the District during May 2010 was in Georgetown at the Residences at Harbourside, located at 2900 K Street NW #607, Washington, DC.  This 2-level penthouse unit was completed in 2008 and is 5,167 SF and features 5 BR / 5.5 BA.  The selling price was $4.5M / $871 SF.

2120_wyoming_400Congratulations to selling Realtor Nancy Itteilag of Long & Foster Real Estate, Inc. for closing the most expensive condo sale in the District in May 2010.

Honorable mention for the 2nd most expensive DC condo sold in May 2010 was in Kalorama at 2120 Wyoming, located at 2120 Wyoming NW #3,  Washington DC.  This two-level loft style unit was completed in 2007 and is 2,160 SF and features 3 BR / 2.5 BA.  The

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You want to buy a DC condo.......You are too busy at work to look......Most real estate websites stink.....You don't want some pushy realtor calling you......If these statements ring true, here are some popular pre-defined searches to help narrow the search process.......

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The Yale Steam Laundry changes the face eastern edge of the Mount Vernon Square neighborhood with the melding of a gritty industrial building with a modern industrial-style new construction tower.  Yale Steam Laundry development includes the original circa 1902 3-story 16-unit Yale Laundry Building with 16 true NY-style lofts, a purpose built 12-story tower with 133 condos and a future second tower with 218 units.

Yale Steam Laundry is located across the street from City Vista which provides easy access to the extensive collection of urban amenities including Safeway, Starbucks, Busboys & Poets, Results Gym  and more.  Together these two projects have been game changers in section of the district.  The Convention Center Metro Station and all the

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Although the deadline for qualifying for the Federal $8,000 First Time Buyer Tax Credit has expired, there is a tax credit of up to $5,000 still available for first time buyers in the District of Columbia.  This program, first introduced as part of the Taxpayer Relief Act of 1997 and later extended via the Families Relief Act of 2004 and the Tax Extenders Act of 2009 is targeted at aiding low and moderate income families in purchasing a first home in the District.

Eligibility:

Any first-time buyer in the District, you can even qualify even if you own or previously owned a home in another jurisdiction as long as it is not the District.

Amount of Credit:

Up to $5,000 for married joint-filing taxpayers and $2500 for individual taxpayers

Income Restrictions:

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For the month of May 2010, 13 condos were sold in the Dupont Circle neighborhood.  The high Dupont Circle selling price was at Empire Lofts for $625,000 and the low was $195,000.

The average selling price to listing price ratio for these 13 transactions was a whopping 99.1%.  Selling prices this close to asking are a telltale sign of a hot market. The average selling price per square foot weighed in at $529.

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If you are currently in the market for a Dupont Condo, here is a resource to view active Dupont Circle condo listings. 

 

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The Wall Street Journal reports that the Watergate Hotel is being renovated by Euro Capital Properties, Inc., who recently paid $45M for the property.  The hotel has been empty since 2007 and had been through a foreclosure proceeding after Monument Realty defaulted and failed to follow through on plans for a condo conversion.  The hotel is expected to be open for business after a two-year renovation.

The existing residential condo portion of the Watergate complex consists of 600 units located in four buildings: 2500, 2510 + 2700 Virginia Ave, NW  and 700 New Hampshire Ave, NW.  Over the last 12 months, 17 condos have sold at the Watergate complex ranging in price from $285,000 to $2.8M. Without a doubt, the Watergate sets the record in the District for

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