Tag Archives: Real Estate

The Morning Metropolitan

Georgetown Waterfront by SC Young.

Good morning Georgetown, here’s the latest:

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Ridiculous Georgetown Home Featured on Teen Cribs

(Sorry for the lack of embed, it just wasn’t working for some reason. Also, skip ahead to 14:30.)

The crib in question is the home of Ben and Deb Johns at 1633 29th St. GM’s walked by it a million times and knew it was awesome. He just didn’t realize it was Teen Cribs awesome.

(Disclaimer: This was from a reader’s tip. GM doesn’t as a practice watch Teen Cribs. He only watches normal Cribs because he’s a purist.)

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Real Estate Results Dip Further First Quarter 2010

After getting good news crunching the crime numbers yesterday, GM turned to the first quarter real estate numbers. And they’re less than rosy. (Unless you’re a potential first-time buyer, then it’s more than rosy).

This is what GM found:

There were 33 homes sold in Georgetown during the first quarter 2010. There were 45 homes sold last quarter 2009. That’s a 26% decline.

Fourth quarter 2009 Homes sold on average 7.3% below first listing price. Through the first quarter of 2010, homes sold for 8.0% below first listing price. Continue reading

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The Morning Metropolitan

Photo by Vpickering.

Good morning Georgetown, here’s the latest:

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The Morning Metropolitan

Rock Creek Flowers by Paul Frederickson.

Good morning Georgetown, here’s the latest:

  • NBC4 mistakenly thinks all homes in Georgetown go for $1 million. They don’t.
  • Stupid bus driver gets stuck driving up Bank St. (Although GM’s not sure where We Love DC got the Half St. name).

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Thrift Shop Charities Building For Sale

Last month, the stately Washington Antiques Show held its last hurrah. As reported by Carol Joynt:

After 55 years of bringing Washington’s collectors and socialites together in a celebration of the rare, the beautiful, or the simply unusual, the Washington Antiques Show has thrown in the towel. A source confirmed, “The Thrift Shop Charities did vote not to continue the Washington Antiques Show next year.” This brings to an end an annual event that was the beginning of the winter social season here.

Joynt later reported that the alleged reason the show was coming to an end was that the Thrift Shop Charities got itself into some tax problems. Worse, the popular thrift shop on P St. would have to be shut down and the building sold. Continue reading

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About Your Tax Bill…

2011_assessment_map

Last week the Washington City Paper published the neighborhood-by-neighborhood map of how residential real estate assessments rose or fell from 2008 to 2009. It came as no big surprise to GM that Georgetown’s numbers were down. Specifically, the total assessment of Georgetown residential property fell from $3,743,858,260 to $3,666,092,440, a 2.08% drop.

So does that mean Georgetowners can expect a lower tax bill next year?

Probably not, unless you’re a recent newcomer. Continue reading

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Washington Fine Properties Reinvents the Word “Block”

GM was browsing the real estate listings on the back of the Georgetowner the other day and he came across this puzzling listing:

The home is a modest two bedroom row house, virtually identical to dozens and dozens throughout Georgetown (particularly the East Village). But this home offers something that no other house in Georgetown can: a two block walk to the Metro!

Wait a minute, what?

Two blocks to the Metro? How is that possible?

This house is on 26th just above P St. What is the walk to the Metro from there? Continue reading

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Casa Stephanopoulos on the Market

Courtesy of TTR Sotheby's International Realty

Last month Georgetown’s own George Stephanopoulos was offered the hosting job of Good Morning America. As GMA is a New York-based show, George had to move himself and the rest of his family (the “Stephanopouli”) up north.

While there was some speculation around Georgetown about whether he’d keep some connection to his home of many years, it looks like any connection won’t come in the form of a mansion on 31st St.: they just put their home up for sale.

And for a cool $6.35 million, it can now be yours! (Although by GM’s calculation, it will probably go for about $5.67 million). Check out what could be yours after the jump: Continue reading

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The Morning Metropolitan

Photo by Jalm1.

Good morning Georgetown, here’s the latest:

  • The Council is starting to wrestle over the possible extension of the Circulator (including a possible extension across the Key Bridge to Rosslyn).
  • Meeting tonight at Tudor Place at 6:00 to discuss the museum’s plans to construct additional buildings on-site.
  • DC Metrocentric takes a stab at Georgetown real estate appraisal.

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