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3126 O Street Nw
Washington, DC 20007
$5,200,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
5204
Property Description
Perfectly located in the East Village this historic brick Georgetown house is both stately and livable. Above the front door is a marble block with the inscription “Amor Signatur in Hac Domo” and the large original corner stone engraved with “The Lancaster School 1811” remains. The front door has both fanlights and sidelights and is an indication of the Federal authenticity that will follow inside. The entry hall is 13’ wide with original wide-plank flooring and flows all the way through to the large south garden. The rest of the ground floor layout is both classic Federal and high functioning. On the right of the hall are two large rooms with fireplaces and 12’ ceilings and to the left of the hall is a cozy library with a fireplace and a door to an arbored section of the garden. This part of the house dates to 1790 and contains an original mural by Olin Dows. The center hall also has a coat closet and new powder room. The spacious dining room and large eat-in kitchen are connected by a full butler’s pantry. The pantry has a back stairway to the second floor, and doors to both the garden and the driveway. The modern granite kitchen contains a bay window which fits a table for four and feels surrounded by the garden. Every part of the ground floor is special - from its 19th century details like the flooring, moldings, chair rails, mantels, windows sills, and more - to its abundance of windows capturing light from every angle. The main staircase is flooded with sunlight from a south-facing Palladian window and leads to the commodious landing with access to three ample bedrooms and new marble bath. Each of these bedrooms has very high ceilings and a fireplace. There are also stairs to a fourth bedroom accessed by a hall with a south-facing window and a large linen closet. The primary bedroom has an updated marble bath en suite. This floor maintains the exquisite original details and lofty light-filled rooms of the entry level. This is rare in Georgetown where often the second floor loses some of the grace of the public rooms. The rear of the second floor is accessed by a back staircase off the butler’s pantry. This section of the house has two bedrooms and one bath. These bedrooms have nice light from two exposures each. There is also a large storeroom with windows on two exposures. The very dry basement has two unfinished rooms. The south garden is large and tranquil. There is a lawn with brick pathways and brick walls with mature perennial plantings including three espaliered fig trees. The shady arbor off the library is secluded and there is a 30’ by 10’ pool flanked by a studio with large glass doors. This building has another full bath and connects to the garage.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1811
MLS Number
DCDC2136706
Location
Address
3126 O 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
Jamie Peva

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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.