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1633 31st Street Nw
Washington, DC 20007
$5,495,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3867
Property Description
Impeccably renovated by Georgetown's esteemed Architect Christian Zapatka, 1633 31st Street NW stands as a captivating spectacle with unparalleled curb appeal situated directly across from historic Tudor Place with a 3 car Garage! The exterior radiates the charm of a Nantucket farmhouse, featuring a welcoming wrap-around porch, white picket fence, and garden. While retaining its traditional Federal facade, the interior presents a modern transformation. Step inside to discover a sophisticated contemporary style, adorned with remarkable moldings and finishes in every room and hallway, with no detail overlooked. Interior features include 5 custom granite / quartzite surround mantel fireplaces, walnut flooring, custom Lutron lighting with programmable custom scenes in each room, ceiling speakers throughout the house, garage and gardens controlled by HEOS. Upon entering the home, you are greeted by a beautiful, curved sweeping staircase. The Poggen-Pahl kitchen is a chef's dream, equipped with a large center island, and top-of-the-line Sub-Zero and Wolf appliances, complemented by ample storage amongst the quartzite counters and walls. The kitchen enjoys a connecting butler pantry situated between the kitchen and dining room, fit with built-in wine refrigerator and ample custom cabinets for glassware. The primary bedroom suite is a sanctuary with surrounding windows offering views of Tudor House and 31st Street, two walk-in custom closets, laundry, custom fireplace, and an opulent all-marble primary bath with two separate custom vanities and separate water closet. Complete with a gated custom-landscaped lighted backyard with fountain and hardscape patios perfect for entertaining, the home also offers ample ease of city living with its private 3-Car Garage ideally situated off Avon Lane. This exquisite residence is truly a one-of-a-kind offering in Georgetown's sought after East Village.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1803
MLS Number
DCDC2119334
Location
Address
1633 31ST 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) 333-3320
Agent Name
Nancy Taylor Bubes

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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.