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1534 28th Street Nw
Washington, DC 20007
$13,500,000
Conventional
Property
Bedroom
8
Bathroom
9
Property Type
Conventional
Square ft
11158
Property Description
In Georgetown’s coveted East Village, amongst a landscape of stately Federal and Victorian houses, stands an extraordinary and utterly unique Italianate landmark. For more than a hundred years this house was known as the Robert Dodge House, named for and commissioned by the scion of Georgetown’s most important family. However, for over the last 40 years it has been known both at home and abroad as the C. Boyden Gray House and is undoubtedly the most recognizable residence in town. Its provenance is important to our Capital and to our country. Designed in 1850 by Downing and Vaux, easily the most notable architectural partnership of the 19th century. Their designs and influence extended a distinct architectural style that influenced the affluent from New York to Palm Beach, from Central Park to the National Mall. As an authentic 19th-century masterpiece, this residence boasts soaring and expansive spaces showcasing an unparalleled scale, this is true of the public as well as the private rooms. The layout was purposely sized and updated to accommodate state dinners, yet private and warm spaces have been threaded throughout the fabric of the house, making it as comfortable to live as appropriate to entertain. Whether it is space, design, parking, light, or in its possibilities, this house not only checks the necessary boxes but does so generously. Upstairs, the home’s ample and grand bedroom suites offer a versatile arrangement with several luxurious suites. On the third floor is a sophisticated and spacious two-bedroom apartment, designed by Outerbridge Horsey. The lower level provides the service space needed to support such an important property. The grounds feature a large, private lawn with terraces overlooking the serene landscape, a crescent drive, and a sizable two-car garage with additional parking for 5 cars. The house and its systems have been thoroughly maintained including an elevator to all four levels. Its new copper roof, a testament to the commitment to quality and endurance that this property represents, is a perfect example of how the house has been cared for and is ready for a new owner to make their mark in this city at the center of the world stage.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1853
MLS Number
DCDC2131240
Location
Address
1534 28TH STREET NW
City
WASHINGTON
State
DC
Zip Code
20007
County
WASHINGTON (NW)
Listing
Provider
Washington Fine Properties LLC, original listing
Name
Washington Fine Properties LLC
Phone
(202) 944-5000
Office Name
Washington Fine Properties, LLC
Office Phone
(202) 944-5000
Agent Name
Lenore Rubino

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.