630 14th Street, NE renderings courtesy S2 Development
From an email:
“The Jackson is a 7-unit building in Capitol Hill being delivered by the same architect and developer team behind the new Huntress Coal Oil building at 1225 10th Street, NW.
Renderings have been revealed for The Jackson – a new boutique condominium building in Capitol Hill, steps from the H Street Corridor. The Jackson provides the luxury of new construction quality while fitting within the neighborhood’s charm. The building features six large flats and a private carriage home, offering spacious living rooms open to the chef’s kitchens along with two bedrooms and den, custom designer bathrooms, tall ceilings, and private outdoor spaces. Delivery is expected in Fall 2015.”
“H Street NE will celebrate the 10th annual H Street Festival on September 19, 2015. This year’s festival is sure to be one of the best, with activities, performances, restaurants and vendors spanning 10 blocks of H Street NE. (more…)
Last week we learned that the H Street, NE location of Sticky Fingers would be called Fare Well. They’ve just launched an Iniegogo fundraiser hoping to raise $80k – lots more info on their plans:
“Welcome to Fare Well, a casual, veggie-centric spot for comforting, house-made everyday fare. From morning coffee to nightcap, from breakfast pastry to after-dinner dessert, from us for you. We’re more than our bakery case and lunch counter, our classic diner-style service and seating for 50, our full bar and specialty cocktails. We’re your neighborhood bakery + diner + bar. Come in and let us serve you. (more…)
Park’s Hardware is located at 920 H Street Northeast. The listing says:
“Great redevelopment opportunity on H Street; 4,600 square feet of retail space in the middle of the thriving H Street Corridor. Zoned C2A with ‘H Street Overlay’. High Ceilings, full lower level. Wide street frontage Prime area for H Street Retail District. Right across from Ben’s Chili and Rappaport Shopping Center. Tax ID 0933//0803 + 0933//0057 (total lot size 2675 sf)”
“We just wanted to let you know that IMM Thai on H is now offering delivery to Capitol Hill, NOMA, Trinidad, Carver, and the rest of the neighboring area. We’re really excited to be able to provide this service as the options for great Thai food have been so limited up until now. We accept orders through Grubhub, Seamless or over the phone!
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: 816 8th St NE #1 & #2
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Capitol Hill
Bedrooms: 3 Baths: 2.5 Parking: Street Ownership: Condo
List Date: 04/23/2015
Unit 1 Original List Price: $825,000.
List Price at Contract Unit 1: $796,000. Settled Sales Price Unit 1: $796,000.
Seller Subsidy Unit 1: $0
Square footage Unit 1: 1962 Square Feet
Price per square foot Unit 1: $406.
Days on market: 41
Settle Date: 30 June 2015
Unit 2 Original List Price: $875,000.
List Price at Contract Unit 2: $875,000. Settled Sales Price Unit 2: $875,000.
Seller Subsidy Unit 2: $15,000.
Square footage Unit 2: 1634 Square Feet
Price per square foot Unit 2: $526.
Days on market: 39
Settle Date: 15 July 2015
Transaction type: Standard
Despite the controversy surrounding development of single family residential homes into multiple units, along with the likely dreaded-by-neighbors pop up, there is clearly demand for the resulting condo product. Buyers of these units tend to be looking for new construction and spaciousness. In many neighborhoods, converted rowhomes can serve as an interim priced product between smaller condo units and single unit houses.
In this specific location, within 1/5th of a mile of the subject property, since the beginning of 2015, there have been 12 fee simple houses sold ranging in size and condition, and with settled sales prices from $419,000. to $980,000.
In addition to these two units, in the immediate area since January 2015, there have been two other similar condo sales one block east on 9th St NE. These sold at $481 and $575 per square foot. There are several new construction multi unit condo buildings currently selling in the area, including The Maryland, and 1115 H St NE. As with other neighborhoods around the city, as the need for housing units continues, we can expect to see more condos developed in this area that has primarily been single family residential units in the past.
The listing agent for the subject property sale was Tom Faison with Re/Max Allegiance. Nate Guggenheim with Washington Fine Properties represented the buyer for Unit 1 in this transaction. Nathan Guggenheim with Washington Fine Properties represented the buyer of Unit 1. Sharon Jordan with Berkshire Hathaway Homeservices PenFed Realty represented the buyer of Unit 2.