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1515 15th Street Nw
Washington, DC 20005
$3,195,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
2837
Property Description
Located in the heart of Logan Circle just one block from bustling 14th Street this dramatic, premier 2 bedroom, 2 bathroom + DEN corner penthouse at the Metropole provides over 2,800 sqft of luxurious interior living space on two levels plus over 900 sqft of private outdoor terraces. Originally designed by architect Robert Gurney, the expansive main level with newly refinished hardwood floors throughout features an open living area with 21- foot high ceilings and spectacular floor-to-ceiling corner windows providing southern and western exposures for stunning sunsets and expansive city views. Open to the living area is a large and truly gourmet kitchen with high-end stainless- steel appliances including 2 wall ovens, 2 dishwashers, an extra-large Subzero refrigerator/freezer, gas cooktop, griddle and built-in deep fryer, an enormous amount of cabinet space and a 23-foot long island. Open to the kitchen is a stunning and spacious dining room with a wall of windows, a custom iron dining table, designer lighting fixture and a gas fireplace set within a built-in credenza with additional storage. A large den (with a window and closet) lies just beyond the main living area and can easily serve as a wonderful office space perfect to satisfy your work-at-home requirements. Next to the den is the second bedroom with custom murphy bed and built-ins and an adjacent marble Waterworks full bath with tub . Finally, on the main level is a stunning glass front temperature- controlled wine room and utility room with a brand new full-size washer/dryer. The second level leads to the private owners suite with a generously- sized bedroom featuring multiple windows for more spectacular views. An architectural feature, truly unique to the space, is a glass catwalk that juts out just beyond the bedroom overlooking the dramatic living space with its tremendous ceiling height, glass and views below. (Large pocket doors can close off the bedroom from the open area below) Flowing seamlessly and open to the bedroom is an elegant dressing area with plentiful closet space plus access to a large balcony. A marble Waterworks bathroom completes the luxurious experience of this perfect owners retreat. The second floor continues with a wet bar containing a dishwasher, wine fridge and storage cabinetry which is located conveniently before the entrance to a large private bi-level roof deck . Additional features of the unit include State-of-the-art technology with Control 4 system and automated Lutron solar shades on all windows. Three side-by-side garage parking spaces along with a large storage room are also included. The Metropole is a high -end boutique building providing an on-site concierge and outdoor common terrace space located just a few blocks from the Dupont Circle metro , one block from chic 14th St. with all of its shops, restaurants and the acclaimed Studio Theater and the gorgeous Logan Circle just another block away
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2008
MLS Number
DCDC2110116
Location
Address
1515 15TH STREET NW
City
WASHINGTON
State
DC
Zip Code
20005
County
WASHINGTON (SE)
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
Jeff Mauer

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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.