The Caps have won, Capital Pride Parade is over and most of the area kids are out of school. Now that a lot of our pre-summer activities are over, it’s time to get some sun and relax, basking in the lighter traffic or enjoying the monuments with less field trip buses around.
Don’t forget to keep that home search going and to see the entire DC Open House List, click here.
- 2120 Vermont Avenue NW #221 — $464,900 — U Street
Open Sat. & Sun. 2-4 p.m. — Craig McCullough
1-bedroom with a Walk Score of 95.
- 3500 Highwood Drive SE — $549,000 — Penn Branch
Open Sun. 1-4 p.m. — Marshall Carey
A 2,500+ square foot Colonial with 5 bedrooms, 3 bathrooms,
sunroom, a huge rear patio and a private gazebo.
- 4631 5th Street NW — $799,999 — Petworth
Open Sat. 2-4 p.m. & 1-4 p.m. — Chris Burns
“Smartly renovated” with secured parking
- 1301 H Street NE #2 — $799,000 — H Street Corridor
Open Sat. & Sun. 1-4 p.m. — Brent Jackson
A 3-bedroom luxury condo right on H Street with some great views
in a constantly developing neighborhood.
- 812 C Street SE — $1,800,000 — Capitol Hill
Open Sat. 12-3 p.m. & Sun. 1-4 p.m. — Phyllis Young
“House & Garden Tour Favorite with sumptuous proportions.”
This column is written by Metro DC Houses, a local real estate team serving DC, MD, VA made up of Colin Johnson, the immediate past President for the D.C. Association of Realtors and Christopher Suranna, the current President for the D.C. Association of Realtors.
If you have been in DC for a few years we are sure you have read about some neighborhoods successfully creating historic districts (Emerald Street) or unsuccessfully (Kingman Park).
According to DC there are more than 50 historic districts, monuments and sites around the city.
Full disclosure, Colin lives in a historic district, but Chris does not; but we were interested in dipping our toe in this topic.
There have been several articles and studies citing the costs associated with categorizing properties within one of these districts. One study states that it raises renovation expenses by 33 cents for every dollar spent.
There is a particular study out of California, which cites a 16% increase in value; but there is a significant difference in many of our historic districts as compared to this study’s subjects.
Their laws appear to only impact individual properties and those properties may only maintain their historic status for 10 years before some type of action needs to be taken by the current owner.
There are some properties like this in DC, but most of the historic district’s overlay on a stretch of properties and in some cases owners may not even realize their property resides in one of these areas until it comes time to renovate.
We decided to look at real estate sales over the past 10 years in 2 historic districts; Foxhall Village Historic District and Takoma Park, located in zip codes 20007 and 20012, respectively. We only considered attached and detached, fee simple properties, so no condos or coops.
Anyone that has turned on the nightly news in the last year has likely heard the word “Bitcoin,” and probably in the context of the incredible increase in value it was experiencing. For many individuals, this may have been the first they had heard of cryptocurrency. It is unlikely to be the last.
Cryptocurrency is the term used to describe any form of currency that only exists in digital form, and that uses algorithms to generate units of the currency and encryption to track and document transactions conducted using the currency.
It is not issued by any government or central bank, meaning that its value is most analogous to equities like stock in a corporation. The value of a unit of cryptocurrency is, generally speaking, based on what a buyer is willing to pay for one unit, much like a share of stock.
Currencies issued by central banks or governments have a set value and that value is backed by the government. This is what is known as “fiat currency”.
“The concepts underlying what constitutes a security, a public offering, a trading platform, and myriad other securities concepts are complex and very often fact specific,” said Shawn Sukumar, a D.C. fraud lawyer with the law firm of Price Benowitz, LLP, in Washington, D.C. “Generally, due to the manner in which cryptocurrency is traded however, it falls under the purview of the Securities and Exchange Commission (SEC) in the United States.”
The SEC has several mandates, including investor protection and oversight of the numerous security and commodity markets operating in the United States. Fulfilling these mandates requires the SEC to take steps to evaluate new and developing markets, and to try and intervene when securities or markets or the actors in those areas act in a manner contrary to the public interest.
Bitcoin’s meteoric rise led to a rush to create the next big cryptocurrency, and like all situations where investors are ready to hand over money to be part of the next boom, opportunities arise for criminals to attempt to defraud unsuspecting individuals.
The SEC has recognized this possibility and has taken steps to inform consumers about the possibility of fraud. Specifically, the purely digital nature of the cryptocurrency coupled with the fact that it is generated through an algorithm makes validation of new or emerging cryptocurrencies incredibly difficult.
Bad actors, however, have an uncanny ability to create a website and an app and then push valueless or even nonexistent cryptocurrency on naïve consumers, and then disappear after they receive funds but before they can be identified.
The SEC encourages investors to ask questions of themselves, the platform and the investment itself prior to beginning, including encouraging investors to see if the platform in question is registered with the SEC, whether the platform holds user assets, what sort of protections are provided for user information as well as any assets the platform may hold, and how prices are set on the platform, among other questions.
Investors that take the time to research prior to investment will undoubtedly save themselves the stress of uncertainty at a later date, even if they are unable to save themselves the stress of a fluctuating investment.
Real Estate Fresh Finds is a weekly selection of newly-listed properties in the District, brought to you by Real Living At Home.
While many of us were likely distracted this past week by ALL CAPS everything, now that the Cup and the team is home, we can get back to our everyday lives starting today-ish (depending on how hard you celebrated at the parade).
There are nearly 260 new listings this week, so check out some of our suggested Fresh Finds below:
- If you’ve ever wanted to take a shower or a bath and then immediately walk onto your balcony, this Most Expensive Home of the Week in Kalorama could be for you at the low price of $5.25Mil.
- A uniquely shaped 6-bedroom in Michigan Park had offers due yesterday, but if you like it and your offer is good enough, who knows what could happen?
- The Most Interesting Listing of the Week (says Petworth, but is clearly Brightwood) is a 5-unit condo building for sale, which means you could snag a 2-bedroom for yourself and rent the remaining 4 units, paying off that $999k price tag quickly.
- On the edge of Petworth, an “amazing renovation! 5 bedrooms, 3.5 baths. No detail overlooked,” especially if you love quartz counters.
- A 5-bedroom in Eckington needs a ton of work, but at the right price in an “online auction event,” this REO/Bank-Owned Property of the Week could be a great investment.
Summerfest DC returns to the Navy Yard as the kickoff event of the city’s Summer festival season this Saturday, June 16 and Sunday, June 17 — and the weather forecast looks spectacular!
Celebrating its fifth year in the District, the 2018 edition of the festival is packed with more features than ever. Taste more than 100 craft beers, wines and ciders included in the entry price, enjoy live music all day from the main stage, nibble from dozen food options from DC’s best restaurants and food trucks, plus try tons of outdoor games and interactive art!
Advance tickets are available for both sessions on Saturday and our Sunday “Brunch & Brews” session — use promo code POPVILLE to take $7.50 off any ticket — including the VIP options.
Get more details and purchase your tickets at www.summerfestdc.com
Operating a motor vehicle with a blood-alcohol content (BAC) more than the legal limit is considered driving under the influence, or more commonly, driving drunk. It does not matter where you are; the operation of the vehicle with a BAC higher than the legal limit is all that is necessary for a charge.
However, the Virginia legislature recently passed a law that would allow the operation of a motor vehicle, with a blood-alcohol level in excess of the legal limit, without running the risk of being arrested for drunk driving. The catch? You can only be on your own property.
Does this make drunk driving morally acceptable within the confines of your property line? Not necessarily, but it makes it legal. However, Virginia law has not changed as it relates to operation of a motor vehicle on any property other than the drunk individual’s own property. Which means that if you drive drunk on the property of another, you can still be charged with driving while intoxicated.
“Another point that is important here is that this law only relates to the criminality of driving drunk: it does nothing to affect civil liability,” said Rocco Columbus, a DUI defense attorney with Price Benowitz, LLP. “Just because you cannot be arrested for driving drunk on your property does not mean that you could not be found civilly liable for damage or injuries to others or their property you cause as a result of driving drunk.”
Columbus thinks that this law is likely to be very narrowly construed and that anyone seeking to be protected by this law will need to have clearly been on their own property.
“This law was rewritten several times because of concerns about it being too broad,” he said. “The courts will be unlikely to entertain any extensions of coverage, so anyone seeking to contest a drunk driving arrest under this law will need a very clear case.”
Another point Columbus makes: this law will not protect you just because you are on your own property when the police finally stop you. “If the police identify you as possibly drunk driving on the way home from the bar, but you drive on to your house before finally stopping in hopes of avoiding arrest, this law will not protect you,” he said.
The weather has been a runner and biker’s paradise all week, but that’s likely to change based on the rain in the forecast. Since you can’t brunch outside, why not check out some of our suggested DC Open Houses? To see the entire DC Open House List, click here.
- 6827 Sandy Spring Road NW — $450,000 — Takoma
Open Sun. 1-4 p.m. — Dina Paxenos
Two bedroom, 1.5 bath semi-detached on a “wooded and private lot on small street” along with a serene, fenced yard.
- 800 4th Street SW #N603 — $300,000 — Southwest Waterfront
Open Sun. 2-4 p.m. — Joel Nelson
Don’t let the staging confuse you, that ‘living room’ is also the bedroom.
- 6425 14th Street NW #206 — $289,900 — Brightwood
Open Sat. 12-2 p.m. & Sun. 2-4 p.m. — Djana Morris
“Gorgeous, generously-sized 1BR/1.5BA condo is absolute perfection.”
- 218 Maryland Avenue SE — $2,500,000 — Capitol Hill
Open Sun. 1-3 p.m. — Olivia Merlino
This 5-bedroom victorian row home seems to mix multiple styles and eras on the interior and is quite frankly confusing.
- 1815 18th Street NW #103 — $625,000 — Dupont Circle
Open Sun. 2-4 p.m. — Melissa Terzis
A listing loaded with new features: new bathroom with added shower, new washer/dryer, dishwasher and Elfa closet system.
- 5038 / 5040 Meade Street NE — $550,000 — Deanwood
Open Sat. 12-2 p.m. — Christopher Wroten
It’s a bizarre architectural style, but for that amount of square footage, it’s almost worth ignoring on either of these units.
5 Mistakes That are Costing Sellers Money in Today’s Market
- Not Preparing
- Skipping Easy Upgrades
- Not Compensating for Negatives
- Selling Off Market
Prepare For the Worst, Hope For the Best
In today’s sellers market, it’s easy to fall into the trap of thinking that you don’t really have to do much to prepare your home for sale, because there will be plenty of buyers. In reality, while buyer demand exceeds supply, there are no guarantees that your home is going to sell instantly or for the price that you want without proper preparation.
Your home may never be a 10/10 and that’s OK, but you should put some time and effort into making sure that it shows its best. The little things can add up and impact a buyers impression of your home, don’t skip on repairing anything not in normal working order, thorough cleaning, de-cluttering and de-personalizing and staging — these can all make a difference.
This time of year it is especially easy for sellers to look at similar homes in their neighborhood that have sold and think they can sell for more.
It’s true that prices have been going up, but a solid pricing strategy includes pricing at the market value, not above. It is important to be honest about property condition. If your kitchen is 10 years old, it does not have the same appeal to buyers as a newly renovated kitchen.
Similarly, a 1st floor location in a building is not going to sell for the same price as the 5th. It’s as important as ever to really analyze the differences between your home and the other homes that have sold recently, and price accordingly.
Overpricing can have dramatic effects on the end sales price, in as little as 14-21 days a buyers mindset is likely to shift to thinking that your home is overpriced (which it probably is if its under $1m and sits on the market for that long) and offers will reflect this. Pricing appropriately for the market value is the surest way to get the highest possible sales price.
The opioid epidemic across the country has led to millions of overdoses and thousands of deaths. Virginia is not immune to the crisis, which is why the state is looking to open a needle exchange site later this year in an effort to curb the spread of diseases, specifically hepatitis C.
The needle exchange site will more than likely open somewhere in Wise County, which has been devastated by the opioid epidemic. The county has seen 120 deaths related to opioid overdoses from 2007 to 2017. The hepatitis C rate is almost double the 141 per 100,000 people in a county of 40,000 residents.
“I think it’s really exciting that they have been the leaders in this and are showing the state the way to go and are jumping right in,” Elaine Martin, the director of HIV prevention services for the Virginia Department of Health, said.
The program should be approved relatively soon. The department has received the application for the site and has reviewed the proposed site, according to Martin.
The Health Department released statistics related to hepatitis C for the age range of 18-30, the group most likely to contract the disease via drug use. In 2017 alone, there were 2,141 new cases of the disease in the state. This was an increase from just 840 new cases six years ago.
Virginia became the 28th state to legalize needle exchange programs, doing so in July 2017. No more than 55 localities can apply to become exchange sites. So far, Wise County is the only locality that has applied in Virginia.
“Many organizations, especially law enforcement agencies, are skeptical about approving needle exchange sites,” Patrick Woolley, a Virginia drug crimes attorney, said.
The opioid epidemic in Virginia reached new heights in 2017, according to preliminary data from the Health Department. There were 1,227 deaths related to opioid overdoses, which includes painkillers and heroin. The increase in deaths from 2015 to 2017 was more than 50 percent for the state.
When it comes to hepatitis C cases, Roanoke has the highest rate of the disease in the state. Six years ago, there were six new cases. In 2017, Roanoke had 85 reported cases of the disease.
The All Things Go Fall Classic returns to Union Market on October 6 & 7.
The two-day music and food festival will bring some of today’s most exciting and emerging artists to Washington, DC.
Saturday, October 6 features an all-female lineup, curated by Maggie Rogers and MSMR’s Lizzy Plapinger. The roster is helmed by Maggie and Billie Eilish and includes emerging talents like Jessie Reyez, Ravyn Lenae and more. The day will also highlight female-owned businesses and artists in the DC area.
Sunday, October 7 will welcome pop powerhouses BØRNS, Carly Rae Jepsen and Betty Who back to DC as well as up-and-comers The Aces, Two Feet, Cautious Clay and more.
Early bird tickets for the Fall Classic are on sale now. Payment plans for tickets start as low as $17 down. Get yours before the price goes up!