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1516 28th Street Nw
Washington, DC 20007
Hans Wydler with Compass, original listing - (301) 298-1001
$5,995,000
Conventional
Property
Bedroom
8
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
6135 Square Feet
Property Description
Nestled on one of the finest streets in Georgetown's coveted East Village, this 1890 semi-attached row home on a double lot offers stunning original architectural details that elegantly complements the expansive garden and pool. Boasting over 6,000 square feet of living space with unobstructed southern exposures, this home is flooded with light and has a spacious floor plan with an excellent flow for everyday living and entertaining. Upon entering, you'll be captivated by the large formal living room, where intricate crown molding, over 10’ ceilings and two fireplaces create a sense of warmth and grandeur. The space flows effortlessly into the sunroom, with four sliding glass doors opening onto a beautifully landscaped Japanese garden with a fish pond, waterfall and moon gate. Adjacent to the sunroom is the library, with floor-to-ceiling bookshelves, another fireplace, hidden TV closet and direct access to the private rear pool and seating area. This seamless indoor-outdoor connection ensures an effortless lifestyle for quiet evenings and lively gatherings. The eat-in kitchen boasts stainless steel appliances, two sinks, and dual dishwashers. It opens up to the charming breakfast area that invites casual dining, while the formal dining room provides an elegant setting for hosting. A main-level laundry room, powder room, and access to the two-car garage add convenience. On the second level, the primary suite is nothing short of a retreat, with a gas fireplace, walk-through closet, breakfast kitchenette , built-in desk, and an en-suite bath featuring dual vanities, a walk-in shower, and a separate soaking tub. Two generously sized guest bedrooms with fireplaces share a well-appointed hall bathroom with dual vanities and a separate shower and tub. The third level offers versatile living space, including a home office or additional bedroom and two more bedrooms with a shared hall bathroom. Skylights above the staircase infuse the upper levels with natural light, creating a bright and airy atmosphere. The home is also equipped with an elevator, ensuring ease of movement between all levels, and a two-car attached garage with off-street parking for visitors. The lower level offers a shower and bath, walk-out stairs to the pool and elevator access to a spacious recreation room/gym, wine closet and ample storage. For those seeking additional space or rental income, a charming two-bedroom apartment with separate entrance sits above the garage with a cozy living room and kitchenette. This exceptional home has the best historic architecture, offering unparalleled living spaces inside and out. Ideally situated in proximity to all that Georgetown and the greater city has to offer, this is truly a once-in-a-lifetime opportunity.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Attached
Year Built
1890
MLS Number
--
Location
Address
1516 28TH STREET NW
City
WASHINGTON
State
DC
Zip Code
20007
County
WASHINGTON (NW)
Listing
Provider
Name
Phone
(301) 463-7800
Office Name
Office Phone
(301) 298-1001
Agent Name
Hans Wydler
Agency Phone
(301) 298-1001

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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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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.