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Grand Windows to the World!

April 23, 2012 By

Under Contract in 6 Days!

1701 16th St NW #202, Washington, DC 20009

$389,000

Live behind the *most* fabulous windows of this grand “Best Addresses” building!  As the biggest 1 bedroom available, entertaining is a breeze.  Whip up something fun with friends in your full size kitchen with granite, stainless & island seating, move to your dining space for dinner, then graduate to the ample living space with a bit of brandy at the end of the night.  If your apartment isn’t big enough for that huge shindig?  Put the gracious ballroom to use – it’s the perfect place for a party.

Plenty of closet space, two office desk nooks, in-unit washer/dryer, bike storage, gym, roofdeck with a great view, a quiet, relaxing courtyard, 24 hour security and on-site management make living easy.

Then, just steps out the front door are fantastic neighborhoods in every direction – this is the perfect intersection of Dupont, Logan Circle, 14th/U Street, Adams Morgan and downtown – bars, cafes & restaurants galore.  With Safeway and Whole Foods just a 2-3 block walk and with the green, red and yellow line metros less than half a mile away, what more could you want?  Come, enjoy and rest easy, you’re home!

Parking is also possible for purchase separately – many are available from the building’s management.

Property links

Chastleton links

Neighborhood links

Filed Under: Properties

Your Light & Airy U Street Dream!

March 29, 2012 By

UNDER CONTRACT! $384,900

This is an absolutely stunning condo situated just off of the main U Street drag.  This top floor condo has everything you desire – hardwood floors, a dramatic vaulted tray ceiling with recessed lighting, and plenty of living space.  The multiple windows draw in beautiful light – enjoy your first coffee of the day sitting at the dining table and enjoying the morning rays.  The modern kitchen with stainless professional series appliances, granite counters and stainless steel pulls, complete with breakfast bar, really pull off a great entertaining space.  And then the practicalities of a double master closet, coat closet and bike storage help organize your busy life!  Come, enjoy and rest easy – you’re home!

Parking is possible in the building separately arranged – another owner will consider selling or renting their space come August. 

1418 W Street NW #503, Washington, DC 20009

Virtual Tour

Property brochure

Layout

How Much Will It Cost Per Month?  Get a $500 lender credit for using our preferred Prosperity loan officer!!!  See the Rate Sheet.

Neighborhood links

Filed Under: Properties

Gleaming, Gorgeous 1 Bedroom Mt. Pleasant Condo Steps from It All

June 1, 2011 By

SOLD! 

3422 Brown St NW #201, Washington, DC 20010

$395,000

Bright & new 1 bedroom, 1 bath condo with PARKING! Sunlight streams through 10 huge windows into this renovated condo in a small, farmhouse style building. The open kitchen with granite, maple cabinets, gas cooking, bar seating, plus table space for dining is great for entertaining.  Complete with a beautifully renovated bathroom, large closets, hardwood floors, an in-unit washer/dryer and central A/C, this unit really shines.  While on a quiet block, this condo is really so close to everything – only 4 blocks to Mt. Pleasant Street’s farmers market, bars, restaurants and Capital Bike Share, and just an 8 minute walk to the Columbia Heights METRO, Giant, Target & more! Low monthly condo fees too - $181!  What more could you want?  Come, rest easy and enjoy! You’re home!

Condo information:

Neighborhood Links and Information:

Filed Under: Properties

Make this Inviting, Beautifully Renovated Columbia Heights Townhome Yours!

February 17, 2011 By

$595,000

***SOLD***

3902 Kansas Ave, NW, Washington, DC 20011

 

This was no small-time transformation!  This beautiful 3 level, 4 bedroom, 2.5 bath semi-detached townhouse was completely gutted and restored in 2006. Open to the south, east and west, light shines through every room in the house!  Sip your morning coffee on the front porch or grill out on the back deck or patio while enjoying the company of your friends & family in the expansive back yard! 

Inside, you will not be disappointed. The layout is ideal with a large living room, formal dining room and gorgeous original hardwoods. And you won’t believe all the space in the kitchen—complete with stainless steel appliances, Silestone quartz counters & large pantry.  A half bath completes this level.  Upstairs, find three bedrooms, a cheery full bath and a large office or fourth bedroom.  The location is perfect—walk to the metro, Yes! Organic, Capitol Bike Share, farmer’s market, playgrounds, restaurants, cafes and bars in only minutes.  And with garage parking out back, what more could you want??

Property Flyer
See the lender letter to find out how much it would cost you per month.

Layout, Alternate extra bathroom addition layout

Walkscore

Disclosures
Neighborhood Links: Where are you?

Coming Soon to the Neighborhood:

Filed Under: Properties

Your Urban Oasis on U Street!

February 16, 2011 By

SOLD!
Fabulous 1 Bedroom Condo with Private Patio and Parking in the Heart of U Street! 

$374,900

This one bedroom, one bath condo in The Lincoln is just seconds away from all of life’s conveniences.  Simply walk out the door, and you have all of the U Street restaurants, nightlife, culture, metro and conveniences at your fingertips.  This great building boasts a beautiful lobby, a staffed front desk, bike storage, a common-use courtyard and community room (with a fireplace, bar and kitchen!), and even a roofdeck with stunning views.

Property Flyer

Layout

How Much Will It Cost Per Month?  See the Rate Sheet

Neighborhood links

Filed Under: Properties

Featured Property: Fabulously Renovated Studio in Fabulously Revamped Southwest DC!

January 11, 2011 By

Sold!

*$3,500 closing costs paid by the seller!*

Where else in DC could you own for $975/month including ALL taxes/fees/PARKING with just an $5,750 investment?? Come see this superbly renovated studio with a brand new kitchen and bath & a beautiful balcony! The building boasts a pool, a gym, 24hr front desk & security, a playground, on-site maintenance & management.

Just 2 blocks away, find the completely renovated SW Waterfront metro, Safeway, Starbucks, CVS, the new ARENA STAGE & the waterfront itself. Even more restaurants, the Fish Market, the National’s Stadium, Eastern Market, Capitol Hill and Haines Point are all less than 1 mile away!

 

    This Area in the News

  • DC.gov – King Greenleaf Recreation Center: “King Greenleaf is a state-of-the-art recreational center. The center has a large recreational field that is utilize for football, baseball, kickball, and football. King Greenleaf is located near the Navy Yard and Waterfront metro stations…”
  • River Park “Best Addresses” Excerpt
  • Washington Post – Southwest DC Revitalization I: “A concrete-heavy product of urban renewal in the 1950s and ’60s, Southwest Washington is defined by high-rise apartment blocks, federal office buildings, and modernist-looking townhouses and churches…”
  • Washington Post – Southwest DC Revitalization II: “Developers of the long-awaited Southwest waterfront — a $1.5 billion pedestrian-friendly mixture of housing, restaurants, hotels and offices overlooking the Washington Channel — recently released a final plan that borrows heavily from Baltimore’s Inner Harbor and Seattle’s Pike Place to create the city’s first walkable destination on the water…”
  • Washington Post – Brand New Arena Stage: “To move forward this fall, Arena Stage is heading back. Back to its old home on the corner of Sixth Street and Maine Avenue SW, transformed after a stunning, $135 million renovation…”
Filed Under: Properties

Tax Consequences of Selling Property

January 5, 2011 By

As an investor in real estate, you are particularly sensitive to the tax consequences of selling your property. Just keep in mind the following laws and alternatives you may have. Always remember that what you pay taxes on is the gain on the adjusted basis of your home, not the sales price.  An accountant or tax attorney to help you determine what your best options are.

1. If you buy and sell a property before a year’s time is up, you will be subject to short term capital gains. Right now, the federal short term gains tax rate is 35%, and don’t forget about your state and local taxes.
2. If you sell a property after a year, you will be subject to long term capital gains. Currently, we are at an all time low with a 15% federal long term tax rate. Again, do not forget local and state taxes.
3. If you have both owned and occupied your home for the 2 years (24 months) of the last 5, you should be eligible for one of the greatest tax breaks of all time. If you are single, you can take $250,000 of GAIN tax-free, and if you are married, you can take $500,000.If two unmarried persons own and occupy a property for at least two of the last five years, they are each eligible for the $250,000, but each single person must be on the title.Even in the case that you have rented out your former residence, it is possible that you can still take capital gains tax free. Example: You owned and lived in the property from January 2001 to December 2002. You rented the property in January 2003 until September 2005 and sold the property in November 2005. You still owned and occupied the property for two of the last five years, so you qualify!
4. 4. To defer your capital gain taxes on an investment property, you can perform a Starker 1031 tax-deferred exchange. This is a complicated process and should be set before you buy a new property, but MUST be set up before you sell your current property. This tax law will let you defer all capital gains IF you use the money to purchase a new investment property of equal or greater value. This is a relatively complicated law, so consult me for more details on your situation. For companies that can set up your tax-deferred exchange, link to the Realty Exchange Corporation, click here.
5. So, can you sell an investment property under the Starker 1031 exchange, buy a new one, move into it yourself, sell it and never pay taxes? Yes! You must first rent (or attempt to rent) the new property out, preferably for 1-2 years, and then you can move in (the IRS has left this period undefined, but most advisors suggest at least a year). Then, if you want sell this property and take advantage of your $250,000/$500,000 tax-free capital gains, you can, but the IRS just changed the required residency period. In this case, you must own AND occupy the house for 5 years before selling it to take any capital gains on the new property tax-free.
Filed Under: Sellers