DC8553655 - 1344 4th St SW

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

Original GDoN post is: here.

The original listing can be seen here: here.

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.

7147094601_57ce89ab0c_z
Photo by PoPville flickr user Caroline Angelo

From an email:

“Calling All Chihuahuas!

Kick off Cinco de Mayo with On Tap Magazine, Corona, Cantina Marina & The Wharf at the Fourth Annual Running of the Chihuahuas for Charity! Sunday, May 3rd from 1:00-4:00pm at SW Waterfront, DC- between 6th and 7th Street. Enjoy Chihuahua races, food trucks, beer stands, dog contests at this family friendly event!

$500 in cash and prizes for racers! Only $20 per dog to race, ALL entry fees are donated to local animal charities!

Space is limited to 96 dogs and we anticipate selling out quickly, so be sure to reserve your spot now! Last day to register is Friday, May 1nd. Walkups on race day will be accepted, unless all spots are full.

Don’t have a Chihuahua? You can still take part in the excitement with our all breeds contests for best dressed and best trick! All doggie competitors must have up-to-date vaccinations and leashed when not racing. Unruly dogs will be excused, and we ask that owners please pick up after their pets!

This is an admission-free, family-friendly event, but attendees must be 21+ to drink beer or attend the after party.”

IMG_6812

Interesting to note from Wikipedia:

“Originally located at the foot of New Hampshire Avenue, NW in Rock Creek Park along the Potomac River, the monument was removed in 1966 to accommodate the Kennedy Center. The memorial was re-erected without ceremony in 1968 at its current location in Washington Channel Park at Fourth and P Streets, SW”

The anniversary was last Wednesday:

IMG_6813

From MPD:

“Detectives from the Metropolitan Police Department’s First District Detective Unit and Narcotics and Special Investigations Division have announced that multiple arrests have been made in the robberies which occurred on Sunday, April 12, 2015, and Monday, April 13, 2015, in the 1100 block of 4th Street, Southwest, where multiple subjects entered the drug store [CVS] and stole a controlled substance.

On Wednesday, April 15, 2015, members of the Metropolitan Police Department executed a search warrant which resulted in the arrests of 19 year old Bertwone Copeland, 20 year old Bartholomew Copeland and 38 year old Keith Boykins who were charged with Robbery and Possession With Intent to Distribute while Armed. Also arrested were 24 year old Leroy Frye, 18 year old Cornelius Jones, 18 year old Arnay Chase, 22 year old Archie Coles, 18 year old Johnny Coles, and a juvenile male, who were all, charged with Possession With Intent to Distribute while Armed. The investigation resulted in the recovery of three semi-automatic handguns and narcotics.

The Drug Enforcement Administration and the Bureau of Alcohol Tobacco, Firearms and Explosives assisted in this investigation.”

wharf_rendering_restaurants
The Future

A couple weeks ago we heard about Cathal Armstrong opening a “a Filipino-Thai-Korean-Vietnamese” in SW Waterfront in 2018. Now Washington Business Journal gets another huge scoop:

“Restaurant Eve chef/owner Cathal Armstrong said earlier this month that he has a preliminary agreement to open an Asian-focused restaurant there. Now, we’re hearing he could be joined by “Top Chef” alums Mike Isabella and Bryan Voltaggio along with Robert Wiedmaier, Philadelphia restaurateur Stephen Starr, Fiola phenom Fabio Trabocchi, Hank’s Oyster Bar’s Jamie Leeds, Jackie Greenbaum of Jackie’s and El Chucho, and the Hilton brothers.”