728 Park Road Sells for $1.3M
According to Redfin, the single family house at 728 Park Road, NW, sold on May 19th for $1,350,000. In looking at the property, the lot is both deep and wide. While I have not been contacted by the new owner, my educated guess would be that this lot is headed for development as a multi-family dwelling — at least this is what’s happened with two other lots on the 700 b/o Park Road over the last year.
You can see a photo of the property below. I’ll provide updates if/when there are available.
(728 Park Road recently sold for $1.3M)
Tags: Park View, Real Estate
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May 28, 2014 at 10:25 am
Great news for density and development in the area. Hopefully this will happen to more lots with single family houses.
May 28, 2014 at 11:32 am
Or… sad to see so many of our historic row homes turned into bland condos. Depends on your perspective I guess…
May 28, 2014 at 11:57 am
Is the property the red house, the empty grassy area, or both?
May 29, 2014 at 3:57 pm
Our stock of Wardman rowhouses aren’t exactly an endangered species, nor are they particularly architecturally notable. (Though I recognize that 728 Park Road isn’t a Wardman.)
There is, however, an acute shortage of multi-family housing, an affordable housing crisis that could be ameliorated through more density and the fact that the Georgia Avenue area — especially Park View — needs more density to support the kind of amenities that most of us would like to see set down in the area: interesting bars, locally-owned non-chain restaurants, neighborhood cafes, high-end grocers like a Trader Joes or a Whole Foods.
July 1, 2014 at 12:39 am
The increase in supply will not lead to lower prices Byron, this is a fact. The neighborhood will continue to increase in value dramatically for the foreseeable future, one tacky condo at a time.
March 16, 2015 at 7:03 am
[…] Road, NW, with some interest. Last spring, the two-story single family home on a 5,843 sq. ft. lot sold for $1,350,000. With such a significant price paid for a small house on a generous lot, there was little doubt […]