Posted tagged ‘Real Estate’

More Georgia Avenue Properties Changing Hands

March 11, 2013

It was brought to my attention over the weekend that the building located at 3212-3216 Georgia Avenue was place on the market and sold so quickly that few were even  aware that it was for sale. In digging deeper, I confirmed that the properties sold recently for $1.1 million, reportedly to Zuckerman partners. What this means is still too early to tell. But, I have noticed that commercial real estate in Park View is very hot right now and in great demand.

3212-3216 Georgia Avenue, just north of Petworth Liquors, recently changed owners.

3212-3216 Georgia Avenue, just north of Petworth Liquors, recently changed owners.

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Development Buzz About 608-610 Newton Place, NW

February 6, 2013
610 Newton Place

610 Newton Place

Yesterday provided some welcome news regarding the development of 608-610 Newton Place, NW. Located on one of our community’s blocks in most need of improvement, I was excited to see the parcels sell in November 2012 for $1,425,000. That event, more than anything, told me that it would be among the sites where Park View would see development in 2013.

As I indicated, I finally learned some rudimentary details yesterday. Ironically, while I was on the phone with the new owner, Washington Business Journal’s Michael Neibauer tweeted the following: “Looks like New Commandment Baptist [sic] will redevelop 608-610 Newton Place NW (Park View) into 4-story, 12-unit apartment house. No IZ required.” (Note: New Commandment no longer owns this property even though they are still listed as owner in the DC Tax database).

Based on my phone conversation, plans for the property are still being finalized, but the new owner does want to make a presentation at a future ANC 1A meeting when the project is further along. They intend to have a project that is completely by-right and will not be seeking any zoning variances. They also intend to keep the façades of the buildings.

More interesting to me, however, is that we had a long conversation about conditions on the 600 block of Newton Place, including how bleak it is. This led to the discussion of landscaping and including trees to help green up Newton Place, which, the owner was enthusiastic about.

Below is a map of the area with the property in question outlined. Bringing this property back into productive use will be a tremendous boon for this block of Newton Place.

608-610 Newton Place site map
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Real Estate in Park View Continues to be Strong

January 28, 2013
824 Otis Place, NW, currently on the market for $749,900

824 Otis Place, NW, currently on the market for $749,900

I’m still a bit amazed that home sales in Park View have broken the $700,000 barrier. When 719 Princeton Place, NW, sold for $710,000 in November 2012, I thought it was a fluke. Then 624 Princeton Place, NW, came on the market at the beginning of this year for $749,900 and had a pending contract after a mere 8 days (actual sale price still unknown). Yesterday, I learned about yet one more property joining these ranks — 824 Otis Place.

824 Otis, NW,  has been placed on the market for $749,900. According to the listing it has 5 bedrooms and 4.5 baths. As with the other two properties listed in this range, it is a single family home located within a quarter-mile of the Georgia Ave.-Petworth Metro station. Interestingly, though, this trend seems to predominantly be south of the Metro station rather than equally distributed. I guess what is driving up these prices is the low availability of good housing on the real estate market, coupled with a Metro station nearby and the short distance to Columbia Heights.

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622 Rock Creek Church Road Finally on the Market

December 20, 2012
622 Rock Creek Church Rd.

622 Rock Creek Church Rd.

622 Rock Creek Church Road has had a real estate sign out front with a “Coming Soon” announcement since September 2012. Last weekend, after long wait, the building had its first open house. I posted earlier about some of its listed features, and you can see the online listing with additional interior photos here.

The house was originally built in 1911 as a three-story five bedroom, three bath house with 2,034 sq. ft. of living space and an unfinished basement. The property has since been renovated into two 2-bedroom, 2 1/2-bathroom condos. The listing has the lower unit priced at $619,900 and the upper unit priced at $649,900.

Overall, they property showed well and its proximity to the Georgia Ave.-Petworth Metro is a plus. It will definitely be interesting to watch this property and see what the two units ultimately sell for.

Kitchen area from the lower unit of 622 Rock Creek Church Rd., NW.

Kitchen area from the lower unit of 622 Rock Creek Church Rd., NW.

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Update on New Commandment Baptist Church Properties

November 12, 2012

610 Newton Place

Readers may recall that in August the New Commandment Baptist Church, located at 625 Park Road, put both their church property and the vacant buildings it owned on Newton Place on the real estate market. The property on Park Road — containing the church, the parking lot, and rowhouse to the west of the parking lot was listed at $3.5 Million. The property at 608-610 Newton Place that included the vacant lot behind it was listed at $1.5 Million.

Well, as a reader recently pointed out to me, the Newton Place properties sold on November 2nd for $1,425,000. I can only presume that this will be good news for Newton Place, which is one of the streets in the neighborhood that needs the most improvement.

Also of interest, the property on Park Road no longer appears to be on the market and it doesn’t look like it sold. The properties were originally listed because the church decided to find another location for their congregation. Perhaps, with the recent sale of the Newton Place property, the church has reconsidered. I’ll see if I can find out. The New Commandment Baptist Church has been a good neighbor and positive influence in the community and I’d certainly be happy to hear that they’ve decided to remain on Park Road.

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Preview of Renovations at 622 Rock Creek Church Road

September 26, 2012

Back in July I included 622 Rock Creek Church Road in a post on the many houses in the neighborhood that were in the process of being gutted and rehabbed. Readers may recall that it was built in 1911 as a three-story five bedroom, three bath house. It had a total of 2,034 sq. ft. of living space and an unfinished basement. It sold on April 20, 2012, for $460,000.

While I personally think the smarter way to go would have been to renovate the structure as a three story single family home with a rentable basement, the developer chose to chop the house into two, 2-level condos. According to the pre-listing, “each unit is 2-Levels and approximately 1,500 square feet each and feature an expansive 2BR.2.5BA open floor plan.” Below are the listed features.

– Oak Hardwood Floors Throughout
– Recessed Lighting
– High Ceilings
– Gourmet Kitchens Stainless Steel Appl, Granite Counters & Gas Cooking
– iPod/iPhone Speaker Integration and Sound System
– Video Intercom
– Bedrooms on Separate Level – Both Master Bedrooms w/En Suite Baths
– Baths w/Contemporary Tile & Glass Showers
– Washer/Dryer
– Outdoor Space
– Secure Garage Parking

So, what do you think?  Below is a video going through the upper level space.

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From Blighted to Community Asset, 732 Lamont Welcome Addition to the Neighborhood

September 20, 2012

It was only a year ago that 732 Lamont was on the DCRA blighted property list. Now, a full year later, the building has finished renovations — beautifully — and its units are officially on the market. The video below gives an idea of the fit and finish new residents can expect. Details, prices, and amenities are found here.

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Development Finally Coming to Georgia Avenue & Kenyon Street Property

September 13, 2012

The northeast corner of Kenyon and Georgia Avenue has been in limbo for years

The lot on the northeast corner of Georgia Avenue and Kenyon Street is finally headed for development. At last night’s ANC 1A meeting, the architect of the new project shared some information and agreed to come back in the future to answer additional questions.

The project will be entirely by-right, meaning that the building will conform with all current zoning and building regulations. As a result, there will be no community amenity package. The end product will be a 5-story building devoted entirely to residential use. It will contain 31 units with 5 of those being affordable. The building will also include 16 parking spaces.

Construction is scheduled to begin in the next 3 to 4 months. I’ll share more details as they become known.

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New Commandment Baptist Church Puts Property on the Market

August 15, 2012

The New Commandment Baptist Church at 625 Park Road is currently on the market for $3,500,000 and includes the parking lot and rowhouse to the west

Here’s some news that is sure to have a major impact on Park View. A reader alerted me a week ago that both the New Commandment Baptist Church’s main property at 625 Park Road and their property at 608-610 Newton Place were placed on the real estate market on August 2, 2012. This is a huge change in direction for the church, which once had hopes of building a job training facility next to the church.

Location of the church property on Park Road, NW

In contacting the church, they confirmed that they have listed all of their property in the area. According to the church, the District government has made remaining in the community challenging, which led the congregation to vote to relocate rather than to continue the battles. They did not go into detail on exactly what those challenges are, but I suspect that the listing of 610 Newton on the blighted property list in March 2012 is part of it.

Both properties are large and will significantly change the character of their blocks no matter what a new owner might decide to do. Both properties are also zoned residential. The Park Road property includes the church, parking lot, and rowhouse to the west of the parking lot and has been listed at $3.5M.

Offered at $1,500,000, the property at 608-610 Newton includes the large lot behind it for a total of 11,277 sq ft of property

However, it is the property at 608-610 Newton Place that I find the more intriguing. It is listed at $1.5M and not only includes the shell of the former apartment building at 610, but also includes the large empty lot behind the properties. More notably, 610 Newton has also been a nuisance location over the years. With the potential to not only rehabilitate the property but also increase its footprint with an addition to the rear anything that happens on this site will be a huge game changer for the 600 block of Newton Place.

These are definitely properties to keep an eye on.

610 Newton Place

The listing for 610 Newton Place includes the large vacant lot behind the property

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Urban Turf Blog Profiles the Park View Neighborhood

August 6, 2012

While the map of Park View on Urban Turf did a better job than most of portraying the neighborhood, it ignored relevant parts of the neighborhood west of Georgia Avenue.

For readers who may have missed this, the Park View neighborhood made its debut on the Urban Turf blog last Friday. Nearby neighborhoods like Columbia Heights or Petworth have had profiles available on the blog for years (and in some cases, been updated since their first appearance). Overall, I thought it was a great effort and nice to see the neighborhood get recognition.

Upon reading the profile, I felt that the it was positive. To be expected, there was some minor text here and there that I didn’t wholeheartedly agree with, but that is to be expected on any neighborhood profile in Washington. I chalk such things up to the unfamiliarity of our neighborhoods to many of those that don’t live in a neighborhood they are writing about.

However, if there were one area where I would like to see Urban Turf improve upon in the future it would be to recognize that many residents west of Georgia Avenue have a natural affinity with the Park View community. This is not only true north of Park Road (which is within the historical boundaries of the neighborhood) but also to the south.

Still, overall the profile is a significant development and I believe that as the neighborhood becomes better known some of the smaller details will shake out in future profiles.

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