Real Estate Blog - November, 2013

Bloomingdale

Located just outside L'Enfant's original boundaries of the city and just under two miles from the Capitol building, Bloomingdale is the perfect neighborhood for that 'suburbs in the City' feel (not to be confused with the hoity toity upscale department store of a similar name). Bloomingdale got a bit of a later start than the rest of the City. While there has been development of the land in some form since the 1820s, it is in the late 1870s and around the turn of the century that Bloomingdale really started to blossom. It initially consisted of mainly industrial buildings rather than homes. At one point, the land was even used as train yards to house the large coal-driven locamotives of the time.  Slowly but surely (an appropriate pace for a neighborhood…

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Terrell Place Condos in Penn Quarter, NW Washington DC.

Terrell Place Condos at 675 E St NW Washington DC, 20004

Terrell Place is a luxury boutique condo building in the heart of Penn Quarter.  The builders were able to weave in 29 modern units into parts of the Historic building.  Some of the condos in this building are quite extraordinary, blending the massive windows and details in the historic parts of the building with modern interiors and tall ceilings.  Pets are welcome with minor restrictions and some of the units come with garage parking.  Located around the corder from the Verizon Center, the National Portrait Gallery and all the fabulous dining options in Penn Quarter, and a few blocks to the Metro (Red, Green and Yellow).

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Residences at Gallery Place (777 7th St NW) Condos

Gallery Place condos at 777 7th ST NW DC.

Residences at Gallery Place condos at 777 7th ST NW Washington DC
Built: 2005
Number of units: 192 condos, Efficiencies to two bedrooms
Garage: rental parking
Pets: Allowed with minor restrictions
Amenities: gym, lounge, business center,   Interior courtyard
Gallery place condos were built as part of the renaissance of Penn Quarter/ Chinatown that the Verizon center (at the time MCI center) brought to the area. The building sits on top of a mixed use complex with a theatre, bowling alley, numerous restaurants and shops. The 2rd floor roof deck (at the height of the Chinatown arch is massive and offers a perfect perch above the hustle of 7th street. 

Exterior of the Residences at Gallery Place at 777 7th St NW

Gallery…

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Brookland Real Estate Market Update November 2013

Brookland Real Estate Market Update November 2013
Here are some of the more interesting data points for October sales from Rbintel.com and MRIS.com for Beautiful Brookland.
For 20017 zipcode

The inventory of homes for sale in Brookland in October is significatly below the 5 year average.  This reflects the fact that the majority of homes that came on the market went under contract in October. Properly priced and presented homes in Brookland are selling fast. Median sold price increaded 49.31% year over year.  This is more a reflection of the clearing of the short sale market in Brookland.  Last year there were many more short sales closing which dragged down the enitire Brookland Market.  Now that most of those houses have been sold (purchased mostly by…

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Capitol HIll

Capitol Hill.

The word is synonymous with government (or the lack thereof, as the case may be). The word brings to mind images of a huge white dome dominating the skyline and Congressional bickering. Of suits, and briefcases, and mountainous stacks of memos. Of course it is littered with landmarks other than the big white dome such as the Supreme Court building, the Library of Congress, and Congressional Cemetary, among others. But Capitol Hill is more than that, so much more. It is also the largest historic residential neighborhood in Washington, D.C. Members of Congress, their staff, journalists, lobbyists, and consultants all call the Hill home. So do many others, if they can afford to live there; having a prestigous address comes for a price, real…

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