Here’s our dilemma and we are looking for advice and insight.
We’ve redone our basement apartment in our new house (less than 2 months ownership) in the hopes of renting it out and mitigating the monthly mortgage payment. However, we are finding that it is rather loud down there–footsteps and voices carry, and we have two kids under 5. We are now considering trying to do Air BnB instead of having a renter so that we do not have to be on tenterhooks about any noises disturbing our renter at any time and instead can just be careful about volume whenever someone is in the basement as an Air BnB client.
The house is under 1 mile from the Brookland metro, and the basement is about 500 sq feet with two rooms, a bathroom, a kitchen, its own entrance and its own washer/dryer. Would it make more sense to rent it and have a consistent stream of money coming in while being very careful with noise every day OR to try the Air BnB market where we’d be able to be more relaxed about kids’ play and general ambient noises, but we would have to make up any differences in monthly payments ourselves? Convince me!”
This unit is located at 6445 Luzon Avenue, Northwest. The listing says:
“Great Location! Great Building! Spacious 2 Bedroom, 1 Bath, well cared for Coop Building, Coop Fee covers everything except TV & Phone.Convenient to 16th Street and Ga Ave public transportation, and Downtown Silver Spring.”
If you have any animal/pet photos you’d like to share please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’ in the title and say the name of your pet and your neighborhood. Your photos will go into the queue (usually 6-8 weeks wait) and will be posted in the order I receive them. If you’ve already entered your pet and would like to do so again – that’s no problem – just space the entries out a bit. Please try to send horizontal photos 640×480 (medium size on your iphone) if possible. If you’re not using an iphone any size is fine.
“Clovis and Otis, from the Kingman Park neighborhood!”
“Reconstruction of the Metrorail system will continue over the Memorial Day weekend of May 22-25 with service adjustments on five of six rail lines beginning at 10 p.m. Friday and continuing through system closing on Monday.
Green Line trains will operate at regular intervals throughout the weekend; Red Line trains will operate every 20 minutes with additional service between 9AM-9PM each day. On Saturday and Sunday only, Orange, Silver, Blue and Yellow line trains will operate every 24 minutes. On Monday, Orange and Silver line trains will operate every 15 minutes, while Blue and Yellow line trains will run every 18 minutes.
Memorial Day service information
On Memorial Day, Monday, May 25, Metrorail will open at 7 a.m. and close at midnight. Trains will operate on a Sunday schedule. Off-peak fares will be in effect all day, and parking will be free at all Metrorail parking facilities.”
“Scheduled Street Closures National Memorial Day Parade
On Monday, May 25, 2015, the National Memorial Day Parade will start at 2:00 pm. The streets along the following route will be closed from 9:00 am until 4:00 pm.
Staging Area 7th Street, NW between Constitution Avenue & Independence Avenue, SW
Parade Area Constitution Avenue between 7th Street & 19th Street, NW
Dispersal Area Virginia Avenue between Constitution Avenue & 22nd Street, NW”
“Mayor Muriel Bowser will visit the Banneker Pool. DPR has a mystery jumper scheduled to cannonball into the pool. DPR has 18 outdoor pools, 24 spray parks and 4 children’s pools, as well as 11 indoor pools.
The DC Department of Parks and Recreation (DPR) announced today that it will open all its outdoor aquatic features (17 outdoor pools, 24 spray parks and four children’s pools) to kick off the 2015 summer season, on Saturday, May 23rd, leading into the Memorial Day holiday.
The District’s outdoor pools will remain open for the entire Memorial Day weekend – Saturday, Sunday and Monday – from 12 pm to 6 pm. DC’s spray parks will also be open for the entire holiday weekend from 10 am to 7 pm. District residents with acceptable proof of residency can swim free of charge at all DPR pools; non-District residents must pay a fee.
DPR’s administrative offices, indoor aquatic facilities, recreation and community centers will be closed Monday, May 25th for the Memorial Day holiday. All permitted events will take place as scheduled and all fields will be open.
Immediately following the Memorial Day weekend, all outdoor aquatic facilities will operate on weekends only (Saturday and Sunday), from 12 pm to 6 pm, until Sunday, June 21st. Starting the next day, on Monday, June 22nd, all outdoor pools and spray parks will begin their regular summer schedules. All outdoor pools are open six days a week, and are closed one day for cleaning and maintenance. Spray parks will operate seven days a week.
Following is a complete listing of DPR’s outdoor and children’s pools, and spray park sites: (more…)
Hipchickindc is a licensed real estate broker. She is the President of 10 Square Real Estate. Unless specifically noted, neither she nor the company that she is affiliated with represented any of the parties or were directly involved in the transaction reported below. Unless otherwise noted, the source of information is Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system. Information is deemed reliable but not guaranteed.
Featured Property: 1344 4th St SW
Legal Subdivision: Rla (SW)
Advertised Subdivision per Listing: Waterfront
Bedrooms: 4 Baths: 2 Parking: Onsite Parking/Rent Ownership: Cooperative
Monthly co-op fee: $989.
Original List Price: $539,000.
List Price at Contract: $539,000.
List Date: 02/20/2015
Days on Market: 35 Settled Sales Price: $534,000.
Seller Subsidy: $0.
Settlement Date: 05/14/2015
Transaction type: Standard
The last time we re-visited a Charles Goodman designed cooperatively owned River Park Mutual Homes barrel roofed townhome was in December 2013. In December 2013, that unit sold for $411,000. Note that it was a smaller home (3 levels instead of 4). You can read more information about River Park and co-op ownership in that link.
River Park Mutual Homes is just one of the cooperatively owned communities in SW DC that have townhomes included, in addition to flats in a multi-unit building. Both Tiber Island and Harbour Square have co-op townhomes, as well. With the SW waterfront development actively under construction, and the Capital Riverfront activity to the east, these homes are in the midst of a rapidly changing environment from a community amenity standpoint.
This is the highest sale price to date for a River Park townhome. The other most recent sale occurred in February 2015 at nearby 1336 4th St SW. 1336 4th St SW, also a 4 bedroom barrel roof style home, was listed for $519,000., and ultimately settled for $531,000.
River Park often draws buyers looking specifically for these unique Mid Century Modern designed properties. Although, as noted in the comments, fees on co-op ownership homes are generally higher than for condo ownership , they can include real estate taxes and (depending on the community) part of the mortgage. A benefit over owning a fee simple townhome is that the exterior maintenance (i.e. the roof) is addressed by the co-op. Even with the fee of nearly $1000. per month, given that they are still priced under $540,000., these units are currently some of the most affordable for sale options for 4 bedroom homes this close to downtown in DC at the moment.
The listing agents for this sale were Steve Dean and Eddie Rangel with Re/MaxAllegiance. Joseph Licastro with Pier Associates Real Estate, Inc. represented the buyer in this transaction.
Person First Project is a photo blog that seeks to give those currently or formerly experiencing homelessness in D.C. the chance to share their stories. In doing this, we hope to reduce the barriers that separate people in D.C. and spark a dialogue. The Person First Project aims to connect us – and to make us all feel a bit more human.
“I’ve been living here at Open Arms for a little over a year – and it’s been great. The staff at Open Arms are really, really great ladies. I was diagnosed with depression and stress. They really, really helped me out. I feel better about myself. I feel more independent. I can relax and not have to look over my shoulder about anything.
My happiest memory was traveling with Ringling Bros. and Barnum & Bailey circus. I was working security at the DC Armory, and I came home from my security job and told my mom, ‘I’m going away with the circus.’ She said, ‘Girl you’re not going anywhere!’ I was in my late 20s. I said, ‘Yes I am!’ and started packing my bags. She said, ‘She’ll be back tomorrow.’ The next time I called my mom I was in Roanoke, Virginia. I’m from DC; I was born and raised in DC General. She was surprised that I had really left.
I traveled with them for three years, from 2000 to 2003. I was assistant animal trainer and animal caretaker. I took care of the elephants, the tigers, alpacas, all sorts of animals… the horses, everything. I had hands-on with all the animals. The elephants were my favorite. One elephant in particular… her name was Ciam. When I took a vacation she missed me, and when I came back she hollered and tooted her trumpet. I used to feed her by hand and give her sodas. She loved sodas.”
*Stacy lives at Open Arms Housing: The Mission of Open Arms Housing, Inc. is to provide permanent homes with a welcoming and supportive environment to women who are homeless with a variety of mental health issues. Our goal is to create safe, comfortable housing tailored to meet individual needs and to promote housing stability, using a Housing First approach.
You can talk about whatever is on your mind – quality of life issues, a beautiful tree you spotted, scuttlebutt, or any random questions/thoughts you may have. But please no personal attacks and no need to correct people’s grammar. This is a place to vent and/or celebrate things about daily life in DC.