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1109 Rhode Island Avenue Nw
Washington, DC 20005
$1,475,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3268
Property Description
Logan Circle Grande Dame! Rare opportunity to own a beautifully preserved 1888 Queen Anne rowhome filled with remarkable period details plus a legal one-bedroom basement rental. As you approach, the high iron staircase leads you to the dramatic arched entry and angled tile vestibule, reflecting the unique reorientation of the house to the diagonal street grid of Rhode Island Avenue. The round tower, spanning from the English basement to the third floor, showcases exquisite brickwork and is crowned with diamond-shaped terra cotta tiles on the mansard roof, adding to the home's architectural charm. Step through the intricately carved original double doors into a residence filled with period details, including soaring ceilings, stunning crown moldings, ornamental plaster-work, and original 19th-century red pine flooring that flows throughout all three levels. The parlor floor boasts an elegant formal living room featuring a delicately carved mantle with inset mirror, hand-glazed tile surrounding the wood-burning fireplace, and stained glass windows in the round front bay. The dining room features period-inspired William Morris wallpaper and a hidden pocket door, adding to the home's unique character. The updated kitchen at the rear of the home offers classic Shaker style cabinetry, granite countertops, and new stainless steel appliances. Ascend the intricately carved staircase to discover the gracious primary suite, featuring a wood-burning fireplace, elegant mantle, and built-in bookshelves. The south-facing circular bay continues here as well, giving the room a majestic feel, while the large attached bath features a massive shower, dual sinks and a wall of closets. An adjacent bedroom with another wood-burning fireplace completes the second floor, providing the option for a private study or TV room for a full-floor primary suite. The top floor features another large bedroom with treetop views from the south-facing windows and an additional full bathroom. The fourth bedroom can also double as an office with direct access to the private roof deck. Additionally, another deck off the parlor level overlooks the serene back yard, bursting with pink cherry blossoms each spring. The property also includes a completely separate one-bedroom English basement apartment. The separately metered unit is currently rented for $1,995/month, offering a fantastic opportunity for extra income. So you don't have to search for a parking space, one year's worth of pre-paid rental PARKING nearby conveys too! Situated just off verdant Logan Circle, this ideal location provides easy access to neighborhood amenities, including Whole Foods, Trader Joe's, and a wide array of renowned restaurants such as Le Diplomate, Barcelona Wine Bar, The Coffee Bar, and Gypsy Kitchen. With one of the city's most beautiful parks right outside your front door, this historic gem at 1109 Rhode Island Avenue NW offers a truly exceptional opportunity to own a piece of DC history in the heart of Logan Circle.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1888
MLS Number
DCDC2135024
Location
Address
1109 RHODE ISLAND AVENUE NW
City
WASHINGTON
State
DC
Zip Code
20005
County
WASHINGTON (SE)
Listing
Provider
Name
Compass
Phone
(202) 491-1275
Office Name
Compass
Office Phone
(202) 386-6330
Agent Name
Seth Turner

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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.