“Dear PoP,
Looking glass dropped their entrees. Their excuse: we are transitioning away from being a restaurant. Hmm. I’m disappointed.”
Did many folks go to Looking Glass Lounge, on Georgia Ave at Princeton Streets, NW, for the entrees? Personally I’ve always been a big fan of the grilled cheese and tomato. Will you miss the entrees?
Ed. Note: Looking Glass Lounge is a PoP advertiser.
Thanks to Wayan for sending in the update:
“The fence is up and debris dumpster set – E.L. Hayes public charter school will soon start their construction and remodeling of the Clark School [4501 7th Street, NW] in Petworth. This will soon be the home of elementary and high school classes for E. L. Hayes students in fall 2010.
I only hope the paying field around the school stays open for community use.”
E.L. Haynes has a current school building located at 3600 Georgia Avenue, NW.
This house is located at 3829 10th Street, NW:
The flier says:
“HIGHLY EFFICIENT in every way. The renovation is superb, the location is ideal 2blks to Metro & resturants. 3 lovely BRs w/ HUGE closets. 3.5 BAs w/ granite, ceramic & nickel. An open floor plan adorned w/ crown moldings, tray ceilings, chair railings, hrdwd flrs, surround sound, intercom, granite, stainless appl, 42’bambo cabinets, breakfast nook, full entertaining bsmt, 1 car garage, 2 car pkg pa”
You can find more info and lots of photos here.
What do you think of the reno itself? Does $639,000 sound reasonable for this 3 bed/3.5 bath?
In real life, hipchickindc is licensed as a real estate broker in the District of Columbia, and as a real estate salesperson in Maryland. 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 Properties: 4824 7th St NW
Original List Price: $165,000.
List Price at Contract: $165,000.
List Date: 10/12/2009
Days on Market: 4
Settled Sales Price: $151,155.
Settlement Date: 12/01/2009
Seller Subsidy: $0.
Bank Owned?: Yes
Type Of Financing: Cash
Original GDoN Post is: here.
Recent Listing is: here.
To better understand this property, please indulge me for a moment while we take the time machine back to the DC real estate market circa 2005/2006. Up to approximately that point in time, property values had escalated for several consecutive years, at an unreal pace. Lenders were bending over themselves to lend money to pretty much anybody who could fog a mirror, including investors. Down payments were non-existent or very low. In cases where down payments were necessary, it was possible for investors to cross-collateralize off of equity in other properties. In this climate, the price to acquire shells (and otherwise crappy properties) went through the roof. (Note that the subject property was purchased in 2006 for $375,000.)
From about 2006, the investor market dropped back considerably. As prices began to fall on fully renovated properties, investors could not make the numbers work. For a while there, I expect that the majority of properties purchased with renovation in mind were bought by end users (owner occupants). Some folks at the time blamed speculators for both driving up the market prices, and for the bust after they all dropped out of sight. Continues after the jump. (more…)
It is truly wild to watch this corner (triangle) transform. Here’s what it looked like just few weeks ago.
These condos are located at 1350 Randolph Street, NW:
The flier says:
“BRAND NEW – new boutique condo. 2 bed + 2 bath. Private porch. Architecturally stunning, blocks from Columbia Heights metro. Reclaimed wood floor. W & D, stainless steel appliances, Euro kitchen & Ann Sacks tiled bath. GARAGE PARKING AVAILABLE. Pets OK. PRICE LOWERED 30K!”
You can find more info and photos here.
Here’s a good example of a classic row house that was converted into three 2 bedroom condos. Firstly what do you think of the unit itself? Personally I think it looks pretty good. Unit #2 is going for $329,900. Does that sound reasonable for a 2 bed/2 bath in this location?
You can see Unit #1 here ($299,900) and Unit #3 here ($359,900).
Well I’ve never heard of Gayot but it’s always nice for a local spot to get national recognition. They write:
“…it’s really one of a kind in DC, for no other place dares to tread where this eatery goes: Swedish waffles may be a breakfast option, possibly smoked Baltic sprats for lunch or dinner, or maybe a bison burger or pirogi in two different variations—the one filled with cheese also contains little-seen buckwheat.”
Domku is located at 821 Upshur St, NW.
This apartment is located at 4014 Kansas Avenue, NW:
The Craigslist ad says:
“Come see this 2 bedroom apartment just minutes away from the Metro. This bright apartment is in a completely renovated building. Rent includes water and gas. No pets allowed. Free parking available behind the building. Please respond to this posting to schedule a time to view the apartment. ”
Do you think $1195 is reasonable for this 2 bedroom?
“Dear PoP,
I don’t know if you have addressed this, but the restaurant Seafood & Things on Upshur is still closed despite it’s door placard stating it would reopen after the Christmas holiday.
I walked by today and to my surprised found a yellow tabby napping on the counter INSIDE…see pictures…
My concerns are 1)is the restaurant permanently closed and 2) is someone feeding/caring for the cat???”
Perhaps they have gone the way of nearby Beveragemania open one day and closed the next. Does anyone know if they have permanently closed? For the record I’ve had a pretty good crab cake sandwich from them. I’m not sure if seeing a cat in there is a good sign or a bad sign…
Seafood & Things is located at 847 Upshur Street, NW.
From Wayan:
Do you work from home? Are you just plum tired of cabin fever after a week of Snowpocolypse DC? Wanna break out of the house for an afternoon of camaraderie with fellow work-from-home professionals?
Then join your fellow Green Line Professionals this Friday at Domku!
Green Line Professionals
http://groups.yahoo.com/group/GreenLineProfessionals
February Happy Afternoon
Friday, Feb 19, 1-5pm
Domku Restaurant
821 Upshur Street, NW
Its an afternoon catch-up for folks to share the love (and hate) of the home office. You don’t need to be there the whole 4 hours – drop by when you can pry yourself from those oh-so-fun conference calls.