Above is the new 4 Unit condo building coming to 10th Street, NW just north of V St. It took shape really quickly. So far would you say thumbs up or down?
And I think this pop up on 4th St, NW near Richardson is looking much better than I originally anticipated. At this point do you think it fits in on the block ok?
In real life, hipchickindc is actually the not-so-hip Suzanne Des Marais, an associate broker with Urban Pace. Voted one of the best real estate agents in DC by the Washington City Paper Readers’ Choice Poll in 2009, Suzanne is currently Chair of the DC Public Policy Committee for the Greater Capital Area Association of REALTORS® and is President Elect of the Washington, DC Association of REALTORS®. She lives (and sells a lot of houses) in Bloomingdale, but works all over DC, with everyone from first time buyers to highly regarded developers.
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: 1235 W St NW
Original List Price: $974,900.
List Price at Contract: $949,000.
List Date: 10/05/2009
Days on Market: 68
Settled Sales Price: $920,000.
Settlement Date: 05/17/2010
Seller Subsidy: $2500.
Bank Owned?: No
Type Of Financing: Conventional
Original GDoN is: here.
Listings for both the shell (a year ago) and recent sale are: here. Pics can be seen once you open the link to the listing (click on the main pic to scroll).
The DC Spring real estate market was a frenzy encouraged along by historically low mortgage interest rates and buyers eligible for the Federal Home Buyer Tax Credit. While the tax credit played an important role in motivating first time homebuyers, what about higher priced homes? As we saw from last week’s Good Deal or Not Revisited (GDoN-R), houses in price ranges not likely to be affected by the tax credit are moving along quite nicely. Today’s GDoN-R is another example of a property in an expensive price range.
This property is a complete renovation of what was, until quite recently, a dilapidated run down shell of a building. It was purchased with cash for $395,000. in May 2009 by a member of the Koutromanos family, who has been renovating DC real estate for many years. The comments in the recent listing indicate that the house was stripped down to the brick walls and is otherwise completely new construction.
“Dear PoP,
Do you have any information about Chix moving to the corner of 13th and U? A sign went up the other day (next to the Georgetown Valet sign). Seems like a better use of that corner than just another dry cleaners. I’m assuming Chix is moving, not adding a second location, but figured you’d have the inside scoop!”
No, Chix is staying at 2019 11th Street, NW. I checked in with the owners and it turns out they simply saw an opportunity to advertise in an area with high foot traffic (13th and U). As far as I know the building being renovated at 13th and U Streets, NW will host Georgetown Valet and Boundless Yoga. I’ll be sure to update if/when more tenants are signed.
This rental is located at 1926 17th Street NW:
The Craigslist ad says:
“• Gourmet Designer Kitchen with new top of the line stainless steel appliances (Kitchen Aid, Bosch and Fisher Paykel), espresso maple cabinets, glass back splash, granite counter tops
• Apartment on 2nd floor – front facing with a lot of sunlight and windows on two sides
• New hardwood floors
• Large windows with new espresso wood blinds
• New HVAC
• New Bosch Washer and Dryer in apartment
• Spa like bathroom with glass tiles
• High ceilings – over 9.5 ft
• Built-in wine rack
• New energy efficient double hung wood windows
• High-end finishes throughout
• Available July 1
• Parking Available for extra fee
• Approximately 500 sq ft
• Courtyard with gas grill”
Think it can go for $1795?
From a press release:
“Friends of Harrison Recreation Center, the U Street Neighborhood Association, Meridian Hill Neighborhood Association, ANC 1B and Midcity Business Association announced today the launch of the summer U Street Movie Series.
The theme of this year’s movie series pays homage to the musical and culturally diverse roots of the U Street Neighborhood, with a series of documentaries and films telling moving stories of accomplished musicians.
The schedule is as follows:
June 8: Michael Jackson’s This Is It (rain date June 15)
July 13: Buena Vista Social Club (rain date July 20)
Aug 10: The Soloist (rain date Aug 17)
Sept 14: Duke Ellington’s Washington and Soul Power (rain date Sept 21)
All films will be shown at the field at Harrison Recreation Center on V Street between 13th and 14th Streets, NW Gates will open at 7 pm. Free popcorn will be provided to the first 100 attendees beginning at 8 pm. Showtime will be at sundown around 8:30 pm. Full information can be found at http://movies.ustreet-dc.org.”
This rental is located at 16th and U Streets, NW:
The Craigslist ad says:
“Beautiful, sunny studio overlooking the garden in a charming Victorian in the heart of the U St. Corridor.
It has high ceilings, big windows, hardwood floors, kitchen with marble counters, microwave, oven, refrigerator, washer/dryer in unit & bathroom with tub.”
I think this is one of the first studios I’ve seen that’s not in a big building or basement. Do you think $1400 per month, utilities not included sounds reasonable?
“Dear PoP,
Thought this was interesting. It was a GDoN rental option a couple weeks back and some people had interesting things to say about the building. Wonder what those other buildings were that got auctioned off. This building — I think — could be turned into high end condos.”
The building (above) at 3435 Holmead Place, NW is going for $5,976,600.
I also noticed that 1430 W St, NW (pictured above) is also being auctioned off for $3,221,275.
This home is located at 1307 Florida Ave, NW:
The flier says:
“Awesome renovated Federal with great open floorplan – gourmet kit w/ granite & stainless steel, gleaming hdwd floors, high ceilings, 2 great master suites with jacuzzi baths, vaulted ceilings, southern exposure, cac, and parking right at your back door! Bonus – separate metered lower level studio currently rented at $1150/mo. – she’d like to stay. Walk to it all!!!!!!!!!”
You can find more info and photos here.
This 3 bed/3.5 bath is going for $789,000 – does that sound reasonable given the location and rental unit?
We learned back in December that Seafood & Crab one of my favorite names had closed at 1936 14th Street, NW (just south of U St.) Thursday evening I saw an alcohol application license go up:
It says:
“New restaurant serving Italian beef/hot dogs…” Ok.
A nice article in The Post today titled, Brothers build a restaurant dynasty. Melissa McCart writes:
“Eric is the idea guy and Ian the businessman; both have an easygoing manner that belies the fact that they have been busier than ever. They plan to open three restaurants by the end of this year: the Brixton, at the corner of Ninth and U streets Northwest; another in what was formerly Billy Simpson’s House of Seafood and Steaks on Georgia Avenue; and a spot that’s coming along next to Marvin (working name: Blackbird Warehouse). It will make for quite a year, one in which they also have opened Patty Boom Boom, invested in the new U Street Music Hall and advised Eric’s wife, Tien Claudio, and partner Steve Kaufmann on the recently opened Dickson Wine Bar.”
The Petworth project at Billy Simpsons will be located at 3815 Georgia Ave, NW.