A DC Co-op Primer

Posted by Mark Washburn on Friday, January 18th, 2019 at 10:14am.

the chastleton cooperative - 1701 16th st nw

If you’re looking for DC housing in the New Year, you need to understand what you’re buying. While some people may use the terms condo and co-op interchangeably, they’re not the same. While many co-ops started in DC in the 1920s, the first DC area co-op started in the late 1800s, well before condos arrived in the city. These days more than 100 co-ops exist in DC.

With a condo, you take on a private unit within a multi-unit property, where ownership extends to common use of certain areas. Co-op owners, meanwhile, don’t actually own their own private residential units, but rather hold a share or interest in the entire building.

Residents collectively own and manage co-ops, but a nonprofit corporation holds the property title. As for the selling price, condos and co-ops aren’t all that different.

Co-ops sometimes include lower closing costs, yet you may find condos are easier to finance. Monthly fees for co-ops, however, can be higher because they’ll sometimes include not just maintenance and amenities, but also utilities, building property taxes and the mortgage.

Typically a co-op board has to approve someone new to come to the property. While this gives some control over new residents coming in, it may make it harder to sell because a new buyer is essentially buying into a corporation, and the board has the final say.

The process often involves an interview, something you don’t have when purchasing a condo. Residents also have to abide by certain regulations and rules.

Co-ops often put restrictions on renting out units too, and rentals usually have to be approved by the co-op board. Still, co-ops and condos do have some advantages that both share. They’re often less expensive than a single-family house, plus they both offer a sense of community and there’s no yard work involved.

DC Co-op Listings

44 Properties Found. Page 1 of 4

Possibly The Finest Renovation Ever Offered Wit...

REDUCED 7% Photo of Listing #1006003670

$3,999,900 Active

  • 4 Beds
  • Baths
  • 3,400 ft²

Residential

2700 Virginia Ave Nw #502, Washington, DC

MLS® #1006003670

Possibly The Finest Renovation Ever Offered Within The Iconic Watergate Cooperative. This Impressive Home Is Comprised Of Two Combined Units, Completely Reimagined, Transforming The Interior. The Design Elevates The Comfort Of The Living And Sleeping Spaces...

An Impeccable Renovation Marks This Stunning 2 ...

Photo of Listing #1007544452

$3,295,000 Active

  • 2 Beds
  • Baths
  • 3,200 ft²

Residential

700 New Hampshire Ave Nw #1021, Washington, DC

MLS® #1007544452

An Impeccable Renovation Marks This Stunning 2 Bedroom, 2.5 Bathroom With Den, 3,200 Square Foot Residence At Watergate South, Washington's Most Iconic And Storied Mid-century Modern Residential Building. An Expansive Floor Plan, Gourmet Kitchen With Luxur...

New To The Market Is This Two Bedrooms With Den...

Photo of Listing #DCDC308168

$2,950,000 Active

  • 2 Beds
  • Baths
  • 3.89 Acres
  • 2,698 ft²

Residential

2510 Virginia Ave Nw #1407-n, Washington, DC

MLS® #DCDC308168

New To The Market Is This Two Bedrooms With Den Watergate East Penthouse. Watergate East Is One Of Washington's Most Distinguished Co-ops And Listed As A "best Address" Building. This Lovely And Scaled Apartment Is Perched On The Top Floor And Offers The Ne...

Great River View "on-the-point" Floorplan. Fant...

Photo of Listing #DCDC241296

$2,850,000 Active

  • 3 Beds
  • Baths
  • 3,170 ft²

Residential

2700 Virginia Ave Nw #902/903, Washington, DC

MLS® #DCDC241296

Great River View "on-the-point" Floorplan. Fantastic View Of Sunsets, Key Bridge And More! Dramatic Circular Entry Foyer. Eat In Kitchen With View! Juliette Balcony And Floor-to-ceiling Windows Surround Perimeter. 2 Bedrooms Plus Sitting Room That Could Be...

Newly Designed Duplex.stunning Views Of Potomac...

REDUCED 9% Photo of Listing #1006069110

$1,995,000 Active

  • 2 Beds
  • Baths
  • 1,612 ft²

Residential

2500 Virginia Ave Nw #717-s, Washington, DC

MLS® #1006069110

Newly Designed Duplex.stunning Views Of Potomac River, Key Bridge-world Renowned Watergate. Imported Marble Flrs, Expansive Windows, 2 Superb Brs, Marble Baths Gourmet Kitchen ,wood Cabinets,subzero/wolf Appliances. Prime Location Near Kenn Ctr & Wash Har...

Rarely Avail Renovated 1800sf "thru-unit" W/ Sp...

Photo of Listing #1008361516

$1,795,000 Active

  • 3 Beds
  • Baths
  • 1,800 ft²

Residential

550 N St Sw #s-502, Washington, DC

MLS® #1008361516

Rarely Avail Renovated 1800sf "thru-unit" W/ Spectacular River Views! Only 2 Units/fl! N & S Facing Balcs! Asian Maple Hw Floors, Wood-burning Fp, Large Rooms, Open/gourmet Kitchen, Induction Range, Ss Mw, Fridge, Dw+full Frzr, Silestone Counter & Modern C...

New Listing! Southwest Exposure With Sun Pourin...

Photo of Listing #DCDC364510

$1,795,000 Active

  • 3 Beds
  • 3 Baths
  • 0.57 Acres
  • 1,800 ft²

Residential

1901 Wyoming Ave Nw #11, Washington, DC

MLS® #DCDC364510

New Listing! Southwest Exposure With Sun Pouring Through 23 Custom Pella French Casement Windows That Fill The Home With Light. Open Floor Plan Allows For Easy Everyday Living And Good Flow For Entertaining. Fully Renovated Including Electrical, Wide Plank ...

Here Is Your Chance To Own A Rarely Available T...

Photo of Listing #DCDC302722

$1,200,000 Active

  • 2 Beds
  • 2 Baths
  • 6.27 Acres
  • 1,790 ft²

Residential

520 N St Sw #s621, Washington, DC

MLS® #DCDC302722

Here Is Your Chance To Own A Rarely Available Top Floor Corner Unit With Walkout Balconies Off Every Room At The Historic Harbour Square On The Sw Waterfront. This Unit Has Been Totally Renovated And Is Only One Of Two In The Entire Co-op. Unit Includes: (...

Beautifully Proportioned Rooms, With High Ceili...

Photo of Listing #DCDC309644

$1,150,000 Active

  • 3 Beds
  • 2 Baths
  • 2,200 ft²

Residential

4000 Cathedral Ave Nw #704, Washington, DC

MLS® #DCDC309644

Beautifully Proportioned Rooms, With High Ceilings Are A Hallmark Of This Gracious, Elegant Large Apartment On The Bright And Sunny Seventh Floor. There Are Three Exposures And Views Of The National Cathedral. An Inviting Spacious Hall Leads To A Formal D...

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