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  Realty Digest
A Quirky Collection of News and Information
From The Service You Can Trust Team
**** May 13, 2006
****
Please watch
for an important announcement on Tuesday, look for the D.C.
market update in our next issue and, on Sunday, have a very
happy Mother’s Day.
IN THIS ISSUE:
Items of Interest
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NAR ECONOMIST
REMAINS UPBEAT: The housing market is settling but should
experience its third-best year in 2006, with job creation and a
growing economy offsetting some of the effects of rising
interest rates, according to the National Association of
Realtors (NAR). Says David Lereah, NAR's chief economist:
"Coming off a prolonged period of record sales, housing is
taking something of a breather this year. Even so, interest
rates remain historically low, we've added about 2 million jobs
over the last 12 months and the economy continues to grow - that
will sustain healthy levels of home sales in 2006, but they'll
stay below the peaks experienced during the last two years."
Lereah predicts the 30-year fixed-rate mortgage will rise to 7.0
percent this summer and hold at that level during the second
half of the year. Existing-home sales are likely to fall 6.4
percent from a record 7.08 million last year, he says, adding
that new-home sales are projected to drop 11.6 percent from last
year's record. Housing starts should decline 3.7 percent to 1.99
million this year compared with 2.07 million in 2005, according
to Lereah, who says the national median existing-home price for
all housing types is expected to rise 5.7 percent this year to
$232,200 and the median new-home price, 2.2 percent to $242,500.
HIGH GAS PRICES AFFECT SOME CITIES MORE THAN
OTHERS: An independent research organization called
SustainLane.com has released a list of 50 cities ranked by how
well prepared they are to handle rising gasoline prices,
according to Inman News. The outfit looked for metros that have
strong public transportation systems, readily obtainable and
locally produced food, and available wireless networks for
telecommuting. New York City was considered the best-equipped
city; Oklahoma City the worst. Washington, D.C. just missed out
on being in the top fifth of urban areas: It ranked eleventh on
the list. To find the lowest prices in the area, visit the
following Web site and enter your zip code: autos.msn.com/everyday/gasstations.aspx?zip=&src-Netx.
It's updated nightly.
WOULD YOU LIKE A BED WITH THAT OUTDOOR ROOM: Having persuaded consumers to spend billions on
outdoor "rooms," moving everything from living-room
entertainment centers to full-blown kitchens into their
backyards, some companies are betting Americans will go even
further, notes the Wall Street Journal. This spring, they're
pushing mattresses, daybeds and even night stands for outside
slumber - or, at the very least, a nap. Home Depot has its first
outdoor daybed - a $900 aluminum platform with a mosquito net
and woven PVC that promises to repel water and mildew - on the
cover of its spring Outdoor Living catalog. Lowe's has a $99
swing that folds out into a bed. Tuuci, primarily an umbrella
manufacturer, just rolled out a canopied daybed with a
retractable sunroof and "Roman drawn privacy panels" (read:
fancy curtains). And Janus et Cie's Daydream line of beds has
optional headboards and even wind chimes to help you drift off
to sleep. These beds can cost several times more than
traditional outdoor seating. At Berks, a high-end outdoor
retailer, daybeds cost between $3,000 and $8,000, and chaises
range from $249 and $2,499. The extras can add up, too: Those
wind chimes from Janus et Cie cost $193. The daybed push follows
years of huge growth in spending on outdoor living spaces. In
2003, consumers bought $4.6 billion of outdoor tables, seating
and umbrellas, up 130 percent from $2 billion in 1994, according
to the American Home Furnishings Alliance. Last year, wholesale
shipments of domestically manufactured outdoor furniture to
retailers hit $2.5 billion. But while outdoor kitchens appeal to
people who want to entertain friends, getting people to sleep
outdoors is a tougher sell. There's nature to contend with:
rain, wind, critters. And since they're designed for harsher
conditions than your boudoir, many of these beds sacrifice some
comfort for durability. Nappers on Armani/Casa's Oceano daybed,
for example, lie on a single layer of waterproof woven nylon
straps, not unlike the plastic strips on folding chairs. And
then there's security: "If you fall asleep outside, you might
wake up with your wallet gone," says Lyle Ecoff, who owns Berks.
Of course, after spending so much money on one of those beds,
the wallet may well be empty.
AND SPEAKING OF OUTDOOR ROOMS: You can get rid of ants inside by, among other
things, planting mint around the outside of your house,
according to a Knight-Ridder piece in the Washington Post. And
make mint juleps from the herb too! Other remedies include
spraying home-made solutions of peppermint, cinnamon, lavender,
citrus or Citronella oils on windows and thresholds, spreading
diatomaceous earth in vulnerable areas and pouring boiling water
on anthills.
NEW-HOME BUILDERS ARE ENCOUNTERING MORE
CANCELLATIONS: As the housing market cools, builders are
reporting that more people are walking away from contracts and
from tens of thousands of dollars in deposits, says the
Washington Post. Wall Street analysts say the Washington market
is among those seeing the highest percentages of buyers
abandoning ship - more than double last year's rate, according
to one research firm, and perhaps as high as one in three
new-home buyers in some places. And nationally, some big
builders are beginning to report cancellation rates upward of 25
percent. Hanley Wood Market Intelligence, a home-building
research firm, this week said that its latest survey of builders
showed that the cancellation rate for the Washington area in
March more than doubled from a year earlier, jumping to 12.7
percent from 5.1 percent. "But 10 to 15 percent of people
deciding to cancel is not going to be unusual most of the time,"
said Jonathan Dienhart, Hanley Wood's director of research.
"It's just that in the last couple years when we had unusually
high demand, where people could just buy a property and flip it,
there were fewer cancellations. It's not a cakewalk anymore."
The survey shows the cancellation rate locally to be highest in
Fairfax County, at 30.9 percent, compared with 0.8 percent a
year ago. Half of condominium buyers there canceled compared
with no cancellations a year ago. When the statistics are looked
at by a single county or type of housing for one month, however,
the number of transactions is small. People who are buying for
investments rather than residences are the most likely to bail
out, experts said. Gopal Ahluwalia, director of research for the
National Association of Home Builders, said his group's surveys
show cancellation rates increasing nationwide, but not as much
as others have estimated. His April survey of builders found
that 5 percent reported a "substantially" higher cancellation
rate in March than a year earlier and 14 percent a "somewhat
higher" rate. Seven percent said they were seeing fewer
cancellations. Twenty percent of those surveyed reported
cancellation rates of more than 6 percent. Credit Suisse First
Boston stock analyst Ivy Zelman this week said big builders
nationally are reporting cancellation percentage rates in the
mid- to high 20s compared with the mid- to high teens of a year
ago. Executives from Pulte Homes, for example, said in an April
27 conference call with analysts that cancellations reached 27
percent in the most recent quarter versus 18 percent a year ago.
Zelman expressed confidence in the Washington market in the long
term because of its job growth and limited availability of land
but said: "It will take some time to blow out this inventory. .
. . People have got to lower their prices." Other analysts have
also said the Washington market is in stronger shape than most
urban centers because of low unemployment; strong job creation;
and house prices that are low compared with California, New York
and Boston. "It is true that the resale market has softened and
that the number of listings jumped to nearly triple what it was
last year," said Kenneth Wenhold, director of Metrostudy's
Virginia-Maryland division. "However, last year was an unusual
situation, with very few units listed for sale, resulting in
bidding wars on properties. Now sales are still strong, but
buyers have more choices." He said, "Metrostudy's most recent
first quarter 2006 research indicates that the new housing
market is still performing very well and is almost as healthy as
spring of 2005."
IF BLACK-EYED SUSANS ARE YOUR BANE, TRY THIS: And who isn't plagued with their spread into
unwanted areas? If you are so cursed, Washington Post columnist
Joel Lerner suggests that you pull them up by hand - your hand -
mow weekly, and apply Weed-B-Gon.
SOMEONE HAD A BRAINSTORM THAT STIRRED THINGS UP: Cookware manufacturers are increasingly
collaborating with designers not usually seen in the kitchen,
says the Wall Street Journal. It has not proved to be an
inspired idea. For example, Royal VKB worked with Dutch designer
Jan Hoekstra, creator of stationery and store displays. Their
Cookware line ($250 for three pots and a saucepan) landed in
stores in January, featuring lids with spouts for straining
liquid. In February, T-Fal brought out a series with Bakelite
handles by London-based Marc Newson, who is often associated
with futuristic-looking chairs. And Sambonet USA introduced Spot
in April, for $120-320. The pieces, designed by Milan-based
architect and product consultant Rodolfo Dordoni, resemble
truncated wine buckets. The sets are just hitting U.S. shelves
as cookware-industry sales are strengthening to pre-9/11 levels,
after a slump in 2002. Cookware sales rose 3.4 percent in 2005,
to $695 million, according to market-research firm the NPD
Group. T-Fal's pieces by Newson are about four times more
expensive than the company's other offerings. Well, of course!
If you can design a chair or stationery, why shouldn't you be
able come with a winning idea for a pot that will fry off the
shelf? Yeah, yeah, that's the ticket. Shockingly, some retailers
have seen a cool reception to the new lines. Euro Kitchen in
Laguna Beach, Calif., has not sold any T-Fal pans since their
debut, and the Terence Conran Shop in New York hasn't had any
buyers for the Royal VKB series.
IMMIGRANTS UNDERPIN THE CONSTRUCTION WORKFORCE: No surprise, but the National Association of
Home Builders estimates that 20 percent of the construction
workforce - about 2.4 million people - is foreign-born, reports
the Chicago Tribune in Realtor magazine. While it's impossible
to know how many are undocumented, some estimates put the number
at 50 percent or more. According to estimates by the Pew
Hispanic Center, a non-partisan research organization based in
Washington, roughly 1.4 million undocumented aliens are at work
in the various construction trades, accounting for about 12
percent of the industry's workforce. Nationally, immigrants make
up one-third of all construction laborers and 22 percent of all
carpenters, the two most prevalent construction-trade
occupations. Immigrants also make up a significant portion of
the country's drywall installers (40 percent); roofers (33
percent); painters and masons (32 percent); and carpet, floor,
and tile installers and finishers (29 percent). "These are not
bottom-rung jobs, and we still have trouble filling them with
people from any country," says Michael Fink of the Leewood Real
Estate Group in Trenton, N.J. "But in my experience, native-born
Americans are not willing to gain the skills necessary to get
them."
NO-COST MORTGAGES ARE ON THE HORIZON: At least one major lender has a totally no-cost
loan on its radar screen, notes Realty Times. Said Bank of
America's Floyd Robinson: "I truly believe that's where the
market's going." Robinson, who is president of consumer real
estate and insurance services at Bank of America, said the
myriad of closing costs and fees now attached to home loans
serve only to confuse borrowers. He maintained that the bank's
no-fee loans would have the same annual percentage rates at
those with fees so borrowers could readily see there would be no
hidden charges. Robinson added that the bank is considering
offering to refinance its customers' mortgages without charge.
"All they'll have to do is call the servicing department and
it's done," he said at the National Association of Real Estate
Editor's annual conference. Last May, the bank introduced its
Mortgage Rewards program, which re-engineered the lending
process and promised to knock about $2,000 off the cost to close
a $200,000 loan. The savings is higher or lower, depending on
the amount of the mortgage, the location of the property and
other borrower choices. With Mortgage Rewards, Bank of America
waives the origination, application, lender closing, appraisal,
flood determination, tax service, credit report and courier
fees. Borrowers also receive a $200 credit on their closing
statements plus a one-year insurance policy that "cancels" up to
six principal and interest payments if the borrower loses his or
her job involuntarily and wipes out the balance altogether if
the event of accidental death. For the bank, it's all about
building a relationship that will pay off in other ways. Sounds
like win-win.
TO DECLARE A HOME OFFICE OR NOT: The home office deduction is one of the most
misunderstood tax loopholes, observes Realty Times. There are
three rules to get this deduction: 1. You must have a business;
2. You must have a space in your home that is used exclusively
for the business; 3. You must regularly do some kind of business
activity in that space. You don't need to have a separate
entrance or see clients in your home office, but you need to do
some sort of regular business activity (phone calls, emails,
filing) in the space. You can have another office and still take
the deduction for your home office. This space can be a spare
room or even the corner of a dining area. If you receive a Form
1099 as an independent contractor, you have a business. If you
have a part-time activity in which you make money (or in which
you plan to someday make money), you have a business. If you're
spending your time working, even if it's part-time, you have a
business. So says the publication. The home office deduction is
calculated as a percentage of the business square footage of
your home applied to the total square footage. In other words,
if your home office is 200 square feet and your home is 2000
square feet in total, then 10 percent (200 divided by 2000) of
your home expenses are deductible against your business income.
LOAN APPLICATIONS SLIP FOR THE WEEK ENDED MAY 5: Volume declined by 5.8 percent on a seasonally
adjusted basis from one week earlier, reports the Mortgage
Bankers Association. On an unadjusted basis, the decrease was
5.2 percent compared with the previous week and was 27.1 percent
compared with the same week one year earlier.
Seasonally-adjusted, purchase applications went down by 3.9
percent from the previous week, and refinancings fell by 8.8
percent. The refinance share of mortgage activity decreased to
33.8 percent of total applications from 35.2 percent the
previous week, which is the lowest share since June 25, 2004.
The adjustable-rate mortgage (ARM) share increased to 28.5
percent of total applications from 28.3 percent the previous
week.
PACK YOUR BAGS IF YOU BELIEVE THIS:
It might be said that the best cities have
affordable housing, low crime, high-quality health care and lots
of cultural amenities, according to a story in Realtor magazine.
Taking into account these and other factors, Kiplinger Personal
Finance magazine worked with Bert Sperling, co-author of Cities
Ranked & Rated, and somehow concluded that Nashville was tops
because of its affordable homes, mild climate and a "phenomenal"
entertainment scene that goes far beyond country. Following in
order were Minneapolis-St. Paul, Albuquerque, Atlanta, Austin,
Kansas City, Asheville, Ithaca, Pittsburgh and Iowa City.
THE HOUSING SLOWDOWN MAY BE SPEEDIER THAN KNOWN:
There are signs a housing slowdown that has
gripped certain high-growth markets during the past few quarters
is now spreading nationwide, says the Wall Street Journal.
Preliminary reports from builders Hovnanian Enterprises and Toll
Brothers, whose quarters ended April 30, indicate demand is
falling faster and more sharply than previously thought and that
the pullback is no longer confined to hot markets that had seen
sharp home price run-ups in the past few years. Hovnanian's
orders fell 20 percent in its fiscal second quarter and Toll's
declined 32 percent. On top of this, builders such as Centex and
Hovnanian have started taking writedowns in connection with land
options. In general, when builders take writedowns to walk away
from land options, it is a sign that either land values are
falling or demand in that market has dried up. In past cycles,
declining land values often were a sign that a market was
falling fast. Until now, home-building executives said the
pullback in demand was largely confined to markets where sales
had been overheated and home prices had skyrocketed during the
past few years such as Washington, D.C., parts of California,
Phoenix and parts of Florida. They blamed speculative buyers for
much of the pullback, saying investors had exited the market,
causing less overall demand and more inventory. Majestic
Research analyst John Tomlinson found sales fell year over year
in every market during February and March, with the average
decline being 25 percent. Washington, D.C., Los Angeles/Long
Beach, Tucson, Ariz., Sacramento, San Francisco and Phoenix saw
the biggest declines, with sales falling 22 percent, 50 percent,
50 percent, 46 percent, 30 percent, and 37 percent,
respectively. However, even markets that hadn't been weak
previously - such as Philadelphia, Dallas, and Las Vegas -
softened in the quarter, with sales falling 30 percent, 15
percent, and 13 percent, respectively, he said. So far,
builders' efforts to offer more incentives and discounts have
"failed to move the needle" in driving sales, Tomlinson said. As
a result, he said some may need to resort to bigger price
discounts. "That's the million-dollar question," he said.
Despite the softening trends nationwide, Fitch Ratings analyst
Bob Curran said he still believes the housing sector is heading
for a soft landing - not a crash - and that the current housing
slowdown is temporary and will likely rebound by late 2006 or
early 2007. He said economic data for job growth and consumer
confidence has been positive. "It would be highly unusual for
housing to go into a multiyear tailspin when the general economy
is holding up," he said.
HIGHER RECORDATION/TRANSFER TAX APPROVED FOR
D.C.: Council members agreed to increase the deed
recordation and transfer tax for residential and commercial
properties from 1.1 percent to 1.45 percent, with residential
properties valued at $400,000 or less exempt from the increase,
says the Washington Post. With congressional approval, the
increase from 1.1 percent for all sales – paid by seller and
purchaser for a total of 2.2 percent currently – takes effect
Oct. 1. On a $500,000 transaction, the increase of the total 0.7
percent will amount to $3,500. The Council allocated $7 million
from the tax, which has been a key revenue source during the
recent boom in the real estate market, to pay for 100 more
police officers. The additional new revenue also went to fund
affordable housing initiatives recommended by the city's housing
task force.
HOUSING COSTS GIVE D.C. A DUBIOUS DISTINCTION: A new report that adjusts the poverty line to
reflect housing costs says New York, California and Washington,
D.C. have the highest percentage of residents living in poverty,
surpassing traditionally impoverished regions like the Deep
South, according to the New York Times. The report took into
account the high rents and utility rates in major cities such as
Los Angeles, New York and San Francisco and adjusted the
national poverty line, about $19,000 for a family of four,
accordingly. The results showed all three regions with
significantly higher poverty rates than the Census Bureau
reported in the fall. Washington, ranked fifth poorest by the
government, vaulted into the top spot, according to the report,
with 21 percent of residents in poverty. New York, 12th by
government standards, was second in the study, with 16.3 percent
below the poverty line, while California went from 15th to
third, at 15.7 percent. Nationwide, 12.7 percent of Americans,
or 37 million, lived below the poverty line in 2004, according
to the Census Bureau.
IT'S FUN AND IT'S FREE: It's the 26th annual Old Town Fine Arts & Crafts
Fair at Alexandria's market square this weekend. The event
featuring the work of more than 70 artists runs 1-6 p.m. on
Saturday and 10 a.m.-5 p.m. on Sunday. More info at
703-836-2176.
UNSURPRISING NEWS FROM REALTOR GROUP: A new survey of second-home owners by the
National Association of Realtors shows that baby boomers
continue to dominate the market. It also finds that a growing
number of second homes - more than one-in-ten - are owned by
minorities. A majority of respondents own multiple properties in
addition to their primary residence. "Middle-aged, middle-income
households are the driving factor in the second-home market,
with favorable demographics providing a solid fundamental demand
in this sector for the next decade," commented NAR Chief
Economist David Lereah. "Boomers believe in diversifying their
assets, and most second-home owners see their purchase as being
a better investment than stocks. A surprising majority of survey
respondents hold multiple properties, and they are interested in
purchasing additional homes." About six in ten respondents own
two or more homes in addition to their primary residence. The
typical vacation-home owner is 59 years old, earned $120,600
last year and purchased a property that is 220 miles from the
primary residence, but 34 percent were less than 100 miles and
another 34 percent were 500 miles or more. Half of vacation
homes are within the same state as the owner's primary
residence. Eighty-three percent of owners are married couples.
Three-fourths of vacation-home owners purchased for personal
use, although one-third also wanted to diversify investments,
and 18 percent intended that the home would become a primary
residence in retirement. Only 13 percent of vacation owners
listed rental income as a reason to buy. The typical owner
spends 39 nights per year at their property, and three-quarters
do not rent out. Of those who do rent their vacation home, the
median number is 12 nights per year. Six out of ten investment
properties are within metropolitan areas. Half are single-family
homes, 21 percent are a duplex or apartment in a two-to-four
unit structure; 13 percent, condos in a building with five or
more units; 8 percent, a townhouse or row house; 3 percent, a
mobile or manufactured home; and 2 percent, a cabin or cottage;
and 4 percent were other.
MORTGAGE RATES ARE MIXED: The 30-year fixed-rate mortgage (FRM) averaged
6.58 percent for the week, down from last week's 6.59 percent
and up from 5.77 percent last year at the same time, according
to Freddie Mac. The 15-year FRM this week was 6.17 percent, down
from 6.22 percent last week. A year ago, it averaged 5.33
percent. Five-year Treasury-indexed hybrid adjustable-rate
mortgages (ARMs) were 6.22 percent this week compared with last
week's 6.21 percent and last year's 5.21 percent. One-year
Treasury-indexed ARMs averaged 5.62 percent this week, down from
5.67 percent last week and up from 4.23 percent last year.
"Less-than-expected job growth in April helped mortgage rates to
level off this week. Even ARM rates were little affected by the
Federal Reserve's increase in the federal funds rate," said
Frank Nothaft, Freddie Mac vice president and chief economist.
"However, next week's release of the April Consumer and Producer
Price Indexes may lift mortgage rates higher if the figures show
acceleration in inflation."
Montgomery Market Update
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Buyers are less
wary of single-family homes than apartments
Co-ops and condos
On a steady and steep ascent for the past year, supply surged to
1,022 apartments listed as active by the end of April, 237.3
percent more than at the same time last year. Boosting inventory
were 10.9 percent more condos and co-ops put on the market than
in the previous April, with 390 of the 550 newly offered
apartments priced between $200,000 and $400,000. Every price
range over $200,000 but $400,000-500,000, which declined 7.4
percent, posted increases. Below $200,000, there were
double-digit decreases on relatively insignificant bases.
Some of the growth in the number of languishing listings was
startling - 477.9 percent at $200,000-300,000; 360.9 percent at
$300,000-400,000; 257.9 percent at $400,000-500,000; and 259.3
percent above $500,000. The increases in absolute numbers were
concentrated between $200,000 and $500,000, accounting for 880
of the supply.
Also contributing to the swelling inventory was diminishing
sales activity. Volume fell across the board in the strong
double digits, averaging 26.9 percent below the total of the
preceding April. For the year to date, the number of ratified
contracts was 12.9 percent lower than in 2005, again with
widespread declines, with the exception of a 22.1 percent
increase, to 287, for units offered between $300,000 and
$400,000. But the biggest drop occurred at the $100,000-150,000
level, which fell 83.3 percent, from 60 to 10. April's sales
activity was lower than in each of the previous 12 months except
the off-season period between October and January. It was lower
than even in March.
The market absorbed a wan 21.9 percent of the apartments
available for purchase. That rate compares with 24.2 percent in
March, which was below February's 28.7 percent. But September
was 48 percent. One year ago, the absorption rate was 61
percent, and it reached a plateau of around 52 percent most of
last summer.
Not surprisingly, price acceleration has tapered off
convincingly, this year averaging $312,409 versus $306,525 in
2005 and $257,736 in 2004. As for the median, this year it is at
$285,000 from $275,000 in 2005 and $224,000 in 2004.
Single-family homes
The inventory of homes strikingly swung upward starting in
December, reaching a 12-month peak of 3,476 unsold
properties at the end of last month. The increase in supply
was 163.5 percent over the same time last year. Although the
inventory of new listings rose only 6.6 percent over April
of 2005, the average was affected by robust double-digit
declines below $450,000 and equally robust double-digit
increases above the amount. Above $300,000, the growth in
inventory by price level ranged between 111.1 percent ($1
million and more) to 247.4 percent ($450,000-600,000). The
category with the most homes lingering on the market was
$450,000-600,000, where 879 remained available.
Although there was a 4.7 percent increase, to 112, in
ratified contracts for properties offered at $1 million or
more, that price point was the exception. The month ended
with 23 percent smaller sales volume than in the previous
April – 1,092 in contrast to 1,419. Year-to-date sales
activity slightly surpassed March and was higher than in
every month since last summer. But the result was 11.3
percent lower than at the same time last year. Still,
million-dollar properties posted a 23.3 percent rise, to
333. Those at $450,000-600,000 and between $650,000 and $1
million had weak gains, and those at $600,000-750,000
decreased by a mere 3.3 percent. Big percentage declines
below $450,000 pulled down the average – a total of 1,490
versus 2,096.
For single-family homes, the absorption rate was 23.9
percent. Last month, it was 23.4 percent, and it was 29.1
percent in February. In fact, the rate hovered between 24
and 28.1 percent most of last fall.
The average price of a home in 2006 has reached $571,633. In
2005, the average was $563,681; in 2004, it was $477,931.
The median has climbed from $392,000 in 2004 to $465,000 in
2005 and now only to $470,000.
What it all means
While no one would call April's sales performance strong for
single-family homes, that market is showing signs of greater
stability than the market for condos and co-ops. Rising
inventory, diminishing sales and flattening prices have
combined to demonstrate that the new market is going to be
with us for a while, especially as the Fed raises the costs
of borrowing. Buyers now can, and do, take their time to
shop. And they are proving to be in a solid negotiating
position. But some are discovering that their desire for a
bargain is exceeded by the demand for well-priced
properties; such properties command attention and, often,
competition. At the same time, sellers who waited for prices
to keep soaring are finding themselves disappointed, even as
they rake in far bigger sums than they originally paid for
their single-family homes and apartments. It had to come to
this, and it's not a bad thing.
This Week's New Listings
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Some of the Region's Latest Listings
Below is a fraction of the newest listings by agents in the District of Columbia, Maryland
and Virginia. They include, condominiums, cooperatives and other homes in the Multiple Listing Service since Realty Digest's last issue.
WASHINGTON
401 EVARTS ST NE #402
$295000
Bedroom(s): 2
Full Bath(s): 1
In the listing agent's inimitable words: "Space, light &
tree-top views combine to make this skylit top-flr apt
exceptional & an exceptional value! Tot reno. TSK w/ maple cabs,
SS appl, granite counters; CAC, hdwds, f combo W/D; xtra
storage, its own pkg space & low fee. EZ Red Line access. Pets
allowed. Nr CU, Gallaudet, Hosp Ctr. Photos at
ServiceYouCanTrust.com. Open Sun 5/14 2-4. Seller req Capitol
Title to close."
MLS#: DC6048580
WASHINGTON
2853 ONTARIO RD NW #220
$299000
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "NEW LISTING! CHARMING
1BR W/ LOTS OF LIGHT AND LOVELY VIEWS AT THE HISTORIC ONTARIO. 3
ACRES OF BEAUTIFUL LAWNS & GARDENS! 10 FT CEILINGS, BIG WINDOWS,
CROWN MOLDING, WARM HEART-OF-PINE FLRS. DEC VICTORIAN FIREPLACE.
BR W/ DESK SPACE & HUGE CLOSETS. EXTRA STORAGE. PETS OK. FAB
ROOFDECK. 24 HR DESK. METRO. IMMED ON-SITE PARKING, $70/MO. OPEN
SAT & SUN, 5/13-14, 1-4P. OFFERS 5/18. CLA."
MLS#: DC6047879
ARLINGTON
2929D WOODSTOCK ST S #4
$312000
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "This is the home
you've been waiting for! Spacious, Sunny and So Perfect! 1BR/1BA
in quiet and desirable Courtbridge! MI ready. Updated KIT and BA
w/ceramic tile flrs, Stunning mosaic tiled wood-burning FP, HUGE
22X12 private fenced patio for BBQ's and 3-season entertaining!
WD, ample parking and foyer w/cathedral ceiling. Walk to
Shirl.Village, Quick commute to DC. Home warranty inc."
MLS#: AR6038049
ROCKVILLE
11710 OLD GEORGETOWN RD #1407
$328800
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "~~ITS ALL ABOUT
LIFESTYLE~ ~ PETS ALLOWED ~ 1 BED CONDO ~ EX LRG LIVING ROOM ~
EXTRA HIGH CEILINGS ~ 2 EXTRA STORAGE UNITS~ CAR SPACE &
MOTORCYCLE SPACE IN GARAGE ~ WALK TO METRO, SHOPS & WHITE FLINT
MALL ~ 24 HOUR SECURITY ~ ~FITNESS CENTER~ MEDIA ROOM ~ BILLIARD
ROOM~ SWIMG POOL~ ~BUSINESS CENTER ~ FREE HIGH SPEED CONNECT ~
MARKET&CAFE ~YOU NEVER HAVE TO LEAVE THE BLD~ BEST BUY!!!"
MLS#: MC6045050
ALEXANDRIA
3101 HAMPTON DR N #1415
$334990
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "Welcome to LUXURIOUS
Northampton! This chic 1 bdrm, 1 bath condo screams upscale
living and convenience at your fingertips! Gourmet kit features
stainless steel app, granite countertops & ceramic tile
flrs~Spacious living area w/ hardwood flrs and access to HUGE
balcony w/ spectacular view! Bldg amenities include a fitness &
party room, library, billiard rm, 24 hr security, pool & more!"
MLS#: AX6040078
WASHINGTON
1445 A ST NE #1445
$340000
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "GREAT VALUE for huge,
pristine corner 1 BR flat at Car Barn. Private entrance from
gated, landscaped courtyard and flooded w/natural light on 3
sides! Expansive LR/DR with FP and newly renovated open kitchen.
Enormous BR w/4 closets. W/D in unit. LOW condo fee. Secure,
covered parking space available for purchase."
MLS#: DC6041280
WASHINGTON
2456 20TH ST NW #308
$349900
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "Sunny one bd/bth with
big windows. Renovated kitchen w/stainless & black appliances &
corian countertops. Hardwood Floors, good closet space & an
updated bathroom. Building in heart of Kalorama, w/common roof
deck, seperate storage. Overlooks Rockcreek park. Open May 14."
MLS#: DC6044555
WASHINGTON
1438 COLUMBIA RD NW #205
$351000
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "The Napa is a great
spacious 1 BR that boasts many high quality amenities. With huge
windows capture tons of natural light as well as gleaming
hardwood floors, SS Appliances, solid maple cabinets, granite
counters and much more this unit boasts the best at a
magnificent value. Please come and experience 1438 Columbia. Our
model unit is open to all and is located on the 2nd floor."
MLS#: DC6045114
WASHINGTON
82 15TH ST NE #82
$355000
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "A Sophisticated Condo
in the Historic Car Barn. Feat. a private entry, ren. kit. that
shines with s/s appliances, top of the line granite counters &
new cabinets,new pergo flooring in liv.& dining rms, updated
bathroom, f/pl & W/D, secured gated entry, pool & more! 672
sq.ft living, generous closets, The warm colors will make you
want to sit back & relax. Close to Metro, Eastern Mkt &
Shopping."
MLS#: DC6045309
TAKOMA PARK
8402 GARLAND AVE
$379900
Bedroom(s): 3
Full Bath(s): 2
In the listing agent's inimitable words: "CLASSIC BRICK CAPE
W/HUGE TERRACED & LANDSCAPED YARD & CHARMING FRONT PORCH.
HANDSOME PERIOD DETAILS INC PANELED DOORS, WD FLRS, VINTAGE
HARDWARE. LARGE LR W/GRACIOUS ARCHWAY TO DR; KIT W/COLORFUL TILE
BACK-SPLASH, WALKS OUT TO FULLY FENCED REAR YARD. 2 GOOD SIZED
BRS & BA; GREAT FLEXIBILITY; 2ND LVL W/OVER-SIZED BR & SITTING
RM; FULL BSMT W/REC RM, BA, LNDRY/UTIL RM & GARAGE. PREF 7/6/06
SETTLE"
MLS#: MC6048151
WASHINGTON
3100 CONNECTICUT AVE NW #227
$389000
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "Absolutely charming
spacious one bedroom , one bath unit with separate dining room,
kitchen with large window and passthru. Enormous bedroom with
absolutely unbelievable walk in closet. Across from the zoo, two
Metro stops, shops, restaurants. Parking first come first
serve."
MLS#: DC6039068
ARLINGTON
1001 VERMONT ST N #1007
$389900
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "***PENTHOUSE
VIEW!-SPECTACULAR VIEWS OF CITY FROM OPEN BALCONY!-NEWLY
CONSTRUCTED ONE BEDROOM CONDO-WESTVIEW AT BALLSTON!-GRANITE
CNTPS,STAINLESS STEEL APPLIANCES,MAPLE CABINETS,CUSTOM CERAMIC
TILE IN FOYER,KIT & BALCONY-BRUSHED NICKEL LIGHTING PACKAGE,MOEN
FAUCETS,STEPS FROM ROOFTOP POOL,BBQ AREA & FITNESS CTR-RESERVED
GARAGE PARKING."
MLS#: AR6039332
WASHINGTON
1618 S ST NW #6
$399000
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "Newly renovated Top
Flr 1BR, 1 bath in historic rowhouse. This is one of 7 units in
the bldg. It has hardwood flrs, CAC, radiator heat, skylight,
new kitchen w/ thermodore gas stove, ultra quiet d/w, and
granite counters, new bathroom w/ marble surrounds. Private
Garage Parking space avail separately for $59,000. Bldng allows
short term rental, may rent for $3,200 a month. Pets ok."
MLS#: DC6048392
WASHINGTON
1 18TH ST SE #104
$399900
Bedroom(s): 2
Full Bath(s): 2
In the listing agent's inimitable words: "Best buy on Capitol
Hill! 2 BR/2 BA, 1037 Sq Ft. "The Drummond." Renovated in 2003.
Low Fees, surface parking included. 1.5 blks to RFK/Armory
Metro. Close to Eastern Market, Lincoln Park, Nationals.
Hardwood Floors, Carpeting in BRs, SS Appliances, Microwave,
Washer/Dryer. Don't miss this one!"
MLS#: DC6038294
NORTH POTOMAC
31 PRAIRIE LANDING CT
$405000
Bedroom(s): 3
Full Bath(s): 3
In the listing agent's inimitable words: "Well maintained
gorgeous bright & sunny 3 BR 3.5 BA townhouse in sought-after
Stonebridge community,3-L finished,open floor plan,spacious kit
& dinning,vaulted ceiling in BRs,fin basement w/ FP,copper water
pipes,very clean & move in cond.Convenient location,Great
schools,quiet neighborhood,comm. w/ playground,pool,tennis
court."
MLS#: MC6037864
NORTH POTOMAC
14707 CHISHOLM LANDING WAY
$429900
Bedroom(s): 3
Full Bath(s): 2
In the listing agent's inimitable words: "Sought after
Stonebridge. Well maintained TH, 3 BR, 2.5 BA. Larage deck with
bench seats to private treed fenced back yard. New hardwood
floor on main level. Fully finished walkout basement. Newer
Roof/Siding/Shutters/Window/Pipe. Open Sat&Sun 1-4."
MLS#: MC6047179
WASHINGTON
4101 ALBEMARLE ST NW #324
$449900
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "IT DOESNT GET ANY
BETTER! Great City view unit with full service ammenities. 1
FULL YEAR CONDO FEES PAID. Builders warranty remaining.
Convenient parking spot and on top of metro. Spacious granite
Kitchen, hardwoods, built in desk, breakfast bar, much more. "
MLS#: DC6040128
WASHINGTON
3515 26TH ST NE
$450000
Bedroom(s): 4
Full Bath(s): 1
In the listing agent's inimitable words: "GRACIOUS RENOVATED
FARMHOUSE-STYLE COL. WITH 4 BEDROOMS & 1 & 1/2 BATHS. HARDWOOD
FLRS IN LR & HOME OFFICE, SEP. DR, KIT.W/SILESTONE COUNTERTOPS &
NEW APP. ENJOY SPRING & FALL WEATHER FROM FRONT PORCH OR DECK.
WONDERFUL LANDSCAPED LOT WITH ROOM FOR EXPANSION. LOVINGLY
RESTORED. OPEN SUNDAY, MAY 14 FROM 1-4."
MLS#: DC6040359
SILVER SPRING
9822 DARCY FOREST DR
$550000
Bedroom(s): 3
Full Bath(s): 2
In the listing agent's inimitable words: "Beautifully updated 4
yr young TH at Metro in Forest Glen Station backing to Forest
Conservation area. Corian counters, wood floors on main level,
new carpet, box window in kitch, open and airy and looking
good!!"
MLS#: MC6041036
WASHINGTON
3230 HIGHWOOD DR SE
$579000
Bedroom(s): 4
Full Bath(s): 2
In the listing agent's inimitable words: "Well Established &
Highly Sought - LR w/hrwd flrs, recess lghts & brick mantel fpl.
A traditional DR leads to the back rm w/prvt BA, make it a BR,
off, den or study. The kit is tranquil w/tbl sp, maple cabinets,
granite counters, SS appl & access to a gallery of aesthetics in
the bk yrd. stone patio, 2 teir veranda w/hot tub & more. 3RS &
full BA on top flr. Entertaining bsmt w/stge lndry & garge"
MLS#: DC6042700
WASHINGTON
3216 18TH ST NW
$589000
Bedroom(s): 2
Full Bath(s): 2
In the listing agent's inimitable words: "3 story, light filled
townhome with dramatic 2-story living room. 2BR, 2.5BA with
gorgeous, landscaped patio and 2 car parking. Amenities include:
updated EIK with Zodiaq countertops, Sep. DR, built-ins, wood
FP, ample storage, updated HVAC (2005), new wood floors, and
floor-ceiling windows on every level! Walk to 2 Metros. Open
5/14 1-3pm."
MLS#: DC6040711
WASHINGTON
1204 HOLLY ST NW
$590000
Bedroom(s): 3
Full Bath(s): 1
In the listing agent's inimitable words: "SWEET STREET USA! Such
a pleasing house with its full across "settin" porch, pretty
landscaping & charming interior. It features a good sized
Kitchen, sep Dining Room w door to back deck and lovely, fenced
garden. Neat upstairs Bath. GREAT SPOT IN THE WORLD!!..close to
school, Metro, wonderful Rock Creek Park and downtown Silver
Spring."
MLS#: DC6042550
ARLINGTON
5110 CARLIN SPRINGS RD N
$599000
Bedroom(s): 3
Full Bath(s): 2
In the listing agent's inimitable words: "Immaculately
maintained and ready for your most discriminating buyers!
Sellers have made extensive upgrades to an already lovely home.
New windows & storm doors, new appliances, new roof & gutters,
refin h/w floors, new h/w floors in kitchen & breakfast room.
Deck overlooking landscaped garden. Walk to metro & shopping!"
MLS#: AR6038494
WASHINGTON
1701 KALORAMA RD NW #205
$599000
Bedroom(s): 1
Full Bath(s): 1
In the listing agent's inimitable words: "AMAZING ADAMS MORGAN
LOFT! * NEVER LIVED IN * AUTHENTIC INDUSTRIAL BUILDING *
TOP-LINE KITCHEN WITH GRANITE & GLASS BAR * FLOOR-TO-CEILING
WINDOWS * AMAZING LIGHT * HARDWOOD FLRS * UPGRADED BATH W/COOL
FINISHES * ROOF DECK * GARAGE PARKING * PET FRIENDLY!* ACROSS
STREET FROM NEW HARRIS TEETER * SQ FT EST *"
MLS#: DC6041132
ARLINGTON
1934 LOWELL ST S
$610000
Bedroom(s): 5
Full Bath(s): 3
In the listing agent's inimitable words: "BEAUTIFUL BRICK 5BR
2BA SFH IN ARLINGTON. GORGEOUS HARDWOOD FLRS, UPDATED KITCHEN,
OPEN LIVING ROOM W/GREAT VIEW. PATIO, DECK AND NEW SHED, FENCED
YARD, LARGE PRIVATE DRIVEWAY AND MUCH MORE. DECIEVINGLY BIGGER
THAN IT LOOKS! WALKING DISTANCE TO METRO BUS; MINUTES TO
PENTAGON AND DC. REFRIGERATOR IN LAUNDRY ROOM DOES NOT CONVEY."
MLS#: AR6047031
ALEXANDRIA
5111 HERITAGE LN
$629900
Bedroom(s): 3
Full Bath(s): 2
In the listing agent's inimitable words: "Updates everywhere in
this wonderful 3-level, all-brick garage townhome. Step-down
Living & Recreation Rooms. Kitchen features newer stainless
steel appliances, silestone counters, white cabinets. Remodeled
Master Bath. Brick Georgetown-style patio. Built-in cabinetry &
gas fireplace in Rec Room. Super energy efficient and very
solidly built. Express bus to Pentagon METRO just a half block
away."
MLS#: AX6046224
BETHESDA
4509 GRETNA ST
$649000
Bedroom(s): 4
Full Bath(s): 2
In the listing agent's inimitable words: "Your buyer must see
how the AM sun lights up this dramatic split with 14' cathr.
ceilings. Open the front door and this home opens up, larger
then you would ever expect. Home has fresh neutral paint inside
and out, new carpet and tons of gorgeous freshly done hrwd flrs.
New windows in bdrms Large flat yard. Aon Warrenty incl. Shows
great but sold as-is. Agent related metrodocuments.com"
MLS#: MC6041742
WASHINGTON
706 MARYLAND AVE NE
$659000
Bedroom(s): 2
Full Bath(s): 2
In the listing agent's inimitable words: "Surprisingly spacious
& fetchingly ambient, this wonderful 2BR, 2 new BA, porch-front
has everything you want on an intimately livable scale. LR w/mouldings
& wd fl, sep DR, well-equipped kit opening to delightful dining
patio! Full storage basement. New Central Air! One of the most
tasteful, attractive & well-located houses in price range!"
MLS#: DC6041066
ALEXANDRIA
903 ENDERBY DR
$689900
Bedroom(s): 3
Full Bath(s): 3
In the listing agent's inimitable words: "Sooooo... charming,
inviting and full of light! Stunning flat, fenced professionally
landscaped backyard with 2 patios. Private screened-in porch off
separate dining room overlooking the backyard. FP with mantle,
hardwood floors, plantation shutters, finished LL family room
plus garage. Open House Saturday and Sunday, May 13-14, 1-4
p.m."
MLS#: AX6045502
WASHINGTON
2110 1ST ST NW
$695000
Bedroom(s): 5
Full Bath(s): 3
In the listing agent's inimitable words: "OH 5/14 2:30-4:30.
updated Vic w/gracious LR/DRs, dramatic high ceil, lrg wndws,
orig detai, HWFs, large KI & pwdr rm. Above 3 BRs incl MBS, open
den/media room & 2 updated BAs. 2 car secure off-street pkg,
pot. for 2 decks, 2BR LL unit"
MLS#: DC6046690
WASHINGTON
5207 13TH ST NW
$719000
Bedroom(s): 4
Full Bath(s): 3
In the listing agent's inimitable words: "Your buyers will LOVE
this renovated beauty! Light-filled home offers open floor plan,
3.5 tile baths (3 whirlpools!), master suite w/walk-in closets,
LR/DR hardwoods, kit w/granite & ceramic tile, full LL suite
w/2nd kit! Landscaped yard, rear deck, 3-car parking! New
wiring, plumbing, hot water, heat/cool."
MLS#: DC6039659
WASHINGTON
2123 CALIFORNIA ST NW #B2
$729000
Bedroom(s): 2
Full Bath(s): 2
In the listing agent's inimitable words: "ONLY CURRENT SALE IN
BLDG. W/PARKING!MOST UNIQUE FLR PLAN IN BRIGHTON.RARELY
AVAILABLE 2BR/2BA+PARKING!FRONT UNIT W/TONS OF SUN & GORGEOUS
ORIGINAL DETAIL INCL: INTRICATE PLASTERWORK &CORINTHIAN
COLUMNS.UNIT ORIGINALLY PART OF BRIGHTON'S BALLROOM/RESTAURANT
LOCATED ON LOBBY LVL.ALSO INCLUDED:1 PKG SPACE & XTRA STORAGE.LB
ON SIDE OF BLDG-SOLD IN "AS IS" COND.DID I MENTION PKG?"
MLS#: DC6039024
BETHESDA
9909 PARKWOOD DR
$759000
Bedroom(s): 4
Full Bath(s): 2
In the listing agent's inimitable words: "1031 exchange *
WONDERFUL EXPANDED 4 BR, 2.5 BA CONTEMPORARY HOME * GREAT ROOM
W. CATHEDRAL CEILING * KIT W. BREAKFAST BAR - GRANITE COUNTERS &
BIRCH CABINETS * MASTER BEDROOM SUITE * FOUR SETS OF FRENCH
DOORS*LR. W. FP * SEP OFFICE OR 4TH BEDROOM * DRIVEWAY * PRIVATE
BACK PATIO OVERLOOKING POND AND BEAUTIFULLY LANDSCAPED YARD AND
GARDENS * HARDWOODS*"
MLS#: MC6047433
WASHINGTON
1543 44TH ST NW
$795000
Bedroom(s): 4
Full Bath(s): 2
In the listing agent's inimitable words: "Sun-DRENCHED, Fully-RENOV
tudor in Foxhall Village!Like-NEW Chef's Kit w/Dacor & Sub Zero,
BIG LR w/FPL, HUGE DR, Fr Doors to STUNNING Sun/Fam Rm leading
to LG DECK overlooking wooded parkland, SUMPTUOUS MBR w/WIC,
Lib/Den/BR4, Vaulted Addition w/PRIV BALC, HUGE BR2, Updated BA
w/SKYLIGHT, FULLY FIN LL IN-LAW w/sep KIT & Rear Entrance, LOADS
of CUSTOM UPDATES & 2 CAR PKG! **OPEN Sun 1-4**"
MLS#: DC6046530
POTOMAC
1 KETTLE POND CT
$849000
Bedroom(s): 4
Full Bath(s): 3
In the listing agent's inimitable words: "WOW - Fantastic Home!!
Sun Room Addition!! FULL BASEMENT (not partial like many in
neighborhood)!! Complete PROFESSIONAL OFFICE SUITE w/ outside
entrnc!! Updated center island kitchen!! Dramatic high ceilings
and open floor plan!! New carpet on upper and lower levels!!
Level walk-out bsmt, pool, and more.Warranty!"
MLS#: MC6040555
WASHINGTON
1832 15TH ST NW
$889900
Bedroom(s): 3
Full Bath(s): 2
In the listing agent's inimitable words: "LOVINGLY RESTORED 3
LVL BAYFRONT ROWHOUSE, CIRCA 1870. SUPERB LIGHT, SOARING
CEILINGS, HANDSOME WOOD FLOORS, DECORATIVE FP'S, CROWN MOLDINGS.
GRACIOUS ENTRY; SUNNY LR; FORMAL DR; TRUE CHEF'S KIT
W/COMMERCIAL APPLIANCES, MAPLE CABS; WINE COOLER; TWIN DOORS
PROVIDE GREAT LIGHT & OPEN TO EXPANSIVE YARD & GARAGE. 3BR
CURRENTLY DEN/OFFICE; + UPDATED MARBLE FBA; 2BR & FBA ON UPPER
LVL + DRESSING RM."
MLS#: DC6040170
ARLINGTON
616 26TH ST S
$1025000
Bedroom(s): 5
Full Bath(s): 3
In the listing agent's inimitable words: "THE ONE YOUR CLIENTS
WANT! Built 1992, Immaculately Maintained Beautiful Brick
Colonial, 3Lvl/4-5BR/3.5 BA, 1 Car Gar, Big Eat-in Chef's Kit.
w/ Sub-Zero++, Adj FR, Formal LR w/FP, Big DR, Gorgeous 2 Lvl
Deck, Spacious MBR Suite w/ Lux Spa Bath, Walk-out Fin. LL w/RR,
Den (Alt 5th BR), Laundry & Util, Great Storage, Excellent Area,
Walk to Restaurants, Shops, Pentagon, METRO, DC in 5 Min.
HURRY!"
MLS#: AR6039328
WASHINGTON
1448 CORCORAN ST NW
$1195000
Bedroom(s): 4
Full Bath(s): 3
In the listing agent's inimitable words: "Beautiful Victorian
townhouse with three bedrooms and 2.5 baths. Legal rental unit
w/Cof O. Great outdoor space with two car parking. Ceramic tile
in kithcens and baths, custon built-ins, high ceilings, a truly
beautiful home. Listing Broker is co-owner. Being sold in as/is
conditon. Subject to L'Enfant Trust easement."
MLS#: DC6039903
WASHINGTON
6915 32ND ST NW
$1295000
Bedroom(s): 4
Full Bath(s): 3
In the listing agent's inimitable words: "This home is so
beautiful, it shines! Inside and out, the owner has cared for it
meticulously. Grand formal rooms. Morning RM, breakfast nook,
home office - all bonuses! Wood floors on main & upper lvls.
Updated kit & baths, all electrical outlets & lights upgraded. 2
fp. The yard is absolute perfection. Honestly - this house is
GORGEOUS, a perfect 10! Open SUN 5/14 1-4."
MLS#: DC6047238
WASHINGTON
1764 U ST NW
$1599000
Bedroom(s): 6
Full Bath(s): 4
In the listing agent's inimitable words: "Fab OWNER'S UNIT
2BR/DEN/2BA/roofdeck w mmt views. Open and airy, granite,
cherry, SS, marble... Killer master suite w double headed steam
shower. OVER $4300/mo INCOME to offset $725k of mortgage! 1st fl
2br/1ba granite/SS. Est rent $2250. Bsmt occ until 6/30 $1900. 2
pkg spaces. M to M $200/225. No CofO. Agent/owner."
MLS#: DC6043865
WASHINGTON
3303 WATER ST NW #2L
$1690000
Bedroom(s): 2
Full Bath(s): 2
In the listing agent's inimitable words: "Stunning 2BR/2BA
Georgetown waterfront condo in the award winning, amenity rich
3303 Water St building. Sweeping Potomac River views,
unparalleled European finishes, Eggersmann kitchen, spa baths,
Poliform closets, 11 ft ceilings. 2 garage pkg spaces, storage
rm, 24/7 front desk, doorman, concierge, rooftop pool, deck and
gym. Pets ok. Fee includes utilities. MUST SEE."
MLS#: DC6043481
BETHESDA
6700 BRADLEY BLVD
$2295000
Bedroom(s): 4
Full Bath(s): 3
In the listing agent's inimitable words: "One of Bradley
Boulevard's most admired homes. Gorgeous 1.49 acre lot with home
set back with circular drive in front. Loaded with tradition,
home features huge country family room with full cathedral
beamed ceiling with full brick hearth. Large kitchen,
w/breakfast room overlooking gorgeous backyard. Updated master
suite. shows beautifully, but sold as is. Open 5/14 1-4"
MLS#: MC6042593
WASHINGTON
2650 VIRGINIA AVE NW #901
$6190000
Bedroom(s): 3
Full Bath(s): 2
In the listing agent's inimitable words: "THE
WATERGATE.Redefined. Enjoy modern luxury & timeless elegance in
this 2 Bed w/library riverfront residence. Breathtaking views of
Kennedy Ctr, Gtown & Potomac abound from this corner unit.
Wrap-around balcony, floor-to-ceiling windows, the finest
appointments. Building has concierge, restaurant, spa/fitness
ctr, indoor pool. Seize this one-in-a-lifetime opportunity to
own a piece of history!"
MLS#: DC6044322
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