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1460 Rhode Island Avenue Nw
Washington, DC 20005
$1,349,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1744
Property Description
OPEN HOUSE CANCELLED 4/14! One block off Logan Circle, this sophisticated home balances the preservation of its historic Victorian architecture but is enhanced with a luxurious and versatile interior that comes with the execution of this boutique building’s reimagination. This new construction 2 level penthouse has views over Rhode Island Avenue with 3 bedrooms, 2.5 bathrooms, and a private roof deck. The open floor plan allows for seamless flow between the living, dining, and kitchen spaces, making it ideal for entertaining guests. The kitchen features Thermador stainless steel appliances, ample granite countertops, and custom flat panel cabinetry. A private elevator brings you into a foyer where there is ample storage with 2 coat closets, and space for an entry table. Enter into an open floor plan that has seamless flow from the living room, dining room, and the chef’s kitchen with a very functional movable island. The level is capped with a beautifully designed half bathroom and a third storage closet. Make your way up the stairs to the bedroom level with vaulted ceilings over 12 feet tall. This level runs from the front to the back of the original footprint of this Victorian home. There are 3 bedrooms all equally spaced out in the front, middle, and back of the home. Each bedroom is large enough for a queen or king bedroom plus room for whatever other needs you have - a desk, exercise equipment, etc. The primary bedroom has an ensuite bathroom with a large shower and double vanity and the room is complete with a walkin closet. There is a bonus storage nook which has over 100 sq ft of space. At the end of this hallway, there is a built-in beverage cooler with quartz countertops and shelving so you have that convenience when working from your home office on this level or when hosting on your private roofdeck. The private roof deck has glass railings, ipe wood flooring, and has a gas and water line should you want to connect a grill or outdoor fireplace. This unit has a private onsite parking space, although with this location, at the crossroads of many neighborhoods, your car will likely sit parked. Logan Circle is one of the district’s most sought after neighborhoods because of its proximity to downtown and NW entertainment much within walking distance (this includes 8 metro stops under a mile). A luxury penthouse with these amenities and finishes in a boutique building does not come up often and will not last this spring market. Call for a private tour today.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2023
MLS Number
DCDC2127746
Location
Address
1460 RHODE ISLAND AVENUE NW
City
WASHINGTON
State
DC
Zip Code
20005
County
WASHINGTON (SE)
Listing
Provider
RLAH @properties, original listing
Name
RLAH @properties
Phone
(301) 652-0643
Office Name
RLAH @properties
Office Phone
(301) 652-0643
Agent Name
Katherine Krevor

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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.