The Georgetown Report by Russell Firestone | The Real Estate Market in Georgetown and Washington DC
The Real Estate Market in Georgetown and Washington DC
Elegant 3 bedroom and 3.5 bath townhouse in sought after Hillandale. Hardwood floors throughout the main levels, living room with fireplace and french doors opening to balcony overlooking woods. Open kitchen with granite counters and separate breakfast/seating area. Ample storage and parking for two cars. Other features include 24hr security, tennis courts, pool, and club house.
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Listing price: $1,470,000
I represent the seller of this award winning modern town house in the heart of Georgetown. The main street level entry features a 1,000 pound, pivoted door with smart glass that switches from clear to translucent at the press of a button. Floor lighting highlights artwork on the walls leading to the office, bedroom and two Boffi desgned bathrooms. The media room on this floor features a 4k projector and lighting controls. As you ascend the floating staircase you see the glass elevator serve as the transparent connection to each floor bringing a column of natural light to the center of the house. The second floor opens to a stunning Bulthaup kitchen with custom cabinets and Miele, Sub Zero and Wolf appliances. Nanawall folding doors open from the main living area to the garden terrace with heated pool. The third floor offers a large guest suite with Boffi designed bathroom. Three other bedrooms on this floor have access to a large Boffi designed bathroom with tub. The incredible master suite is on the top floor. Skylights and South facing windows flood this floor with light. Power shades controlled form bedside make for a comfortable morning. His and her large walk-in closets with custom designed cabinets are just a few steps away from the master bath. The incredible master bathroom features a Boffi freestanding tub and double waterfall shower with disappearing drain and Thassos white marble throughout.
Listing Price: $9,995,000.00
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I represented the seller of this fantastic Federal townhouse with a renovated interior in the East Village. Living room with fireplace, separate dining room with custom built shelving and a family room off of the chefs kitchen. Open floor plan lower level family room. French doors open to professionally landscaped private garden. 3 car garage and parking for a 4th car.
Listing Price: $2,995,000.00
This c. 1800 Federal townhouse in the East Village has been updated with no detail spared. The kitchen has been completely renovated with granite counters, Italian tile and stainless steel appliances. The renovated master bath features Waterworks fixtures and marble tile. Three additional bedrooms with two beautifully renovated bathrooms. French doors open onto flagstone terrace, landscaped backyard with parking.
Listing Price: $2,495,000.00
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2010 was a tremendous year for Georgetown real estate right through December. The largest sale was 3210 R Street which sold privately December sixth. The free standing eight bedroom and eight bathroom house has a pool, garage, a circular driveway in front and is near the Georgetown Library. At just over $11 million it is one of the biggest sales in all of Washington, DC for 2010.
The second largest sale in Georgetown is a condominium at 3303 Water Street for $5,750,000. Unit #N-8 is a modern two story condo that has four bedrooms and three and a half baths with fantastic views of the Potomac River from its rooftop deck. Surprisingly, three of the top ten sales in Georgetown are condos.
The other notable sale that received a lot of attention is Good Morning America’s host George Stephanopoulos’ house on the corner of 31st and Dumbarton. The free standing house has five bedrooms and six and a half baths with garage parking for two cars. The sale price of $5,450,000 makes it number three in the top ten sales in Georgetown for 2010.
What all of the top ten have in common is that they are completely renovated or in the case of the condos they are relatively new. The median sale price of the top ten is $4,625,000 with an average of 163 days on the market. All sales data is provided by MRIS or is publicly available online.
Washington DC is already the best real estate market in the country according to S&Ps Case Shiller Report and Georgetown may be the best of the best.
There are not many free standing houses in Georgetown much less on a cobble stone street in the West Village. 3332 O Street has four bedrooms and four and a half baths. The house has had a meticulous historic restoration and features a double parlor overlooking the front garden. The master suite has tall ceilings, a fireplace and a bathroom designed to be in keeping with the period of the house with a free standing tub and wood floors. There is parking for two cars.
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The asking price is $3.495 million and it is listed by TTR Sotheby’s International Realty.
The median sold price for properties in zip code 20007 (which includes Georgetown) is up 29.45% from October 2009 to $1million. A total of $34,030,454 in properties sold in the month of October.
This elegant Georgetown townhouse was built in 1840. It has three bedrooms and two and a half baths. The fantastic living room is unusually large for Georgetown- measuring 24 feet by 25 feet with a ten foot ceiling. The master bedroom has vaulted ceilings with a balcony overlooking the garden.
The list price is $1.795 million. It is listed by TTR Sotheby’s International Realty.
Thirteen properties sold in Georgetown in September 2010 ranging from $3,250,000 to $432,000 for a condominium.
| Street Address | List Price | Close Price | Beds | Full Baths | Half Baths |
| 2914 P ST NW | $3,450,000.00 | $3,250,000.00 | 5 | 5 | 1 |
| 3609 R ST NW | $1,895,000.00 | $1,850,000.00 | 3 | 4 | 0 |
| 1412 29TH ST NW | $1,525,000.00 | $1,430,000.00 | 4 | 4 | 1 |
| 2819 Q ST NW | $1,490,000.00 | $1,425,000.00 | 4 | 3 | 0 |
| 3408 DENT PL NW | $1,195,000.00 | $1,060,000.00 | 3 | 3 | 0 |
| 1506 34TH ST NW | $1,095,000.00 | $1,085,000.00 | 3 | 2 | 0 |
| 3031 CAMBRIDGE PL NW | $939,000.00 | $882,930.00 | 2 | 2 | 0 |
| 3329 Q ST NW | $800,000.00 | $800,000.00 | 2 | 1 | 1 |
| 3267 N ST NW #3 | $775,000.00 | $760,000.00 | 2 | 2 | 0 |
| 1077 30TH ST NW #304 | $581,000.00 | $563,000.00 | 2 | 2 | 0 |
| 1077 30TH ST NW #207 | $559,000.00 | $530,000.00 | 2 | 2 | 0 |
| 3239 N ST NW #12 | $454,900.00 | $432,000.00 | 1 | 1 | 0 |
3267 N Street No.4 Georgetown.
I sold this fantastic two bedroom and two bath condo on the corner of 33rd and N St. in Georgetown. 10 foot ceilings and hardwood floors throughout the light filled living space. Large formal living room with fireplace. Updated bathrooms and kitchen with breakfast area.
Bedrooms: 2
Bathrooms: 2
Listed at: $775,000- SOLD
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