DC CLOUT "DC Area Real Estate Buzz"

CityVista - 475 K St NW DC

A Safeway, Gold's Gym, Starbucks, Cleaners, Chevy Chase Bank, Hardware store, Restaurant, bookstore and this is all housed within the CityVista complex - And only a short walk to Gallery Place entertainment....   One of very few building about town where unless you chose to you don't have to leave the complex. That great especially when you have almost two feet of snow on the ground.  The walk score for CityVista  is 98 on 0 to 100 scale,  meaning personal transportation not required.   Walk Score calculates the walkability of an address by locating nearby stores, restaurants, schools, parks, etc.

The Magdaline  is a 4 story brick and glass structure housing twenty  condominium homes. All condominium homes feature a balcony or patio, some with more than one. From the floor to ceiling windows, to the redwood flooring, the stainless steel appliances and natural wood cabinets with an open spacious floor plan The Magdaline is inviting.    There is a roof-top terrace a lounge and a gym.  The development includes10 one bedroom  (priced from the upper $200s), 3 one bedroom with den  (priced from the mid $300s) 5 two bedroom homes (priced from the low  $400s), and 2 two bedroom with den (priced from the upper $600s)    Availability info dccondoguy@live.com

 
  
  
Courtesy  DC's Condo Guy   more Courtesy  DC's Condo Guy   more info dccondoguy@live.com

Parker Flats at Gage School - 2022 2nd St NW Washington DC

Parker Flats at Gage School  is located in historic LeDroit Park  close to Howard University, Catholic University, Howard University Hospital, Children National Medical and the Washington Hospital. Situated on a tree-lined street in a quiet established neighborhood and still mere blocks from the new trendy U Street Corridor. The Walk score for  is at the top of the chart.   Walk Score calculates the walkability of an address by locating nearby stores, restaurants, schools, parks, etc. The walk score for  Parker Flats at Gage School is 72 on 0 to 100 scale. Meaning personal transportation is not required but would definitely be a plus.

Parker Flats at Gage School, a three building development in the historic Gage School -  renovated within historic preservation guidelines.  Parker Flats features 92 condominium homes with studios from the low $200s, one bedroom from the mid $200 and 2 bedrooms from the upper $300s. Units feature High-style kitchens with granite countertops, stainless steel appliances and solid maple cabinetry. Some ceiling will be as high as 14, some units with balconies, underground parking is available plus an in house fitness facility. 9 ' ceiling, 8' high windows,  hardwood floors,...

 
   Courtesy  DC's Condo Guy   more info dccondoguy@live.com

Washington DC April 2010 Home Sales up 58% - Prices Slips 3%

Washington DC  Home Sales Statistics are in for April 2010. Here's a brief snippet- more details coming.....  The 1st numbers are for 2010/2nd number for 2009/3rd change percentage 

Average. sold price $497,619 - $517,045   (-3.76%)
Total Units Sold - 660 - 417  ( 58.27%)
Of that  660,  310 were condos/coop
Average sold price Condos - NA

Avg. Days on Market  64 - 92   (-30.43%)

Courtesy of DCClout.com  DC Home Buying and Selling Resource Center    an Al Matlock  at dcrealtor@live.com

April 2010 Home Sales for Montgomery County up 40%

Montgomery County Home Sale statistics are in for April 2010. Here's a brief snippet- more details coming.....  The 1st numbers are for 2010/2nd number for 2009/3rd change percentage

Average. sold price $422.642 - $426,182   (-0.83%)
Total Units Sold - 995 - 708  (40.54%)
Of that 995, 235 were condos
Average sold price Condos - NA

Avg. Days on Market - 63 - 106  (-40.57%)

source mris

courtesy DCClout.com  DC Home Buying and Selling Resource Center  dcrealtor@live.com

April 2010 Home Sales for Prince Georges County up over 85%

The Prince Georges  County Home Sale statistics are in for April  2010. Here's a brief snippet- more details coming.....  The 1st numbers are for 2009/2nd number for 2008/3rd change percentage

Average. sold price $197,801  - $245,146   (-19.31%)
Total Units Sold - 787 - 424 (85.61)
Of that 787 , 73 were condos
Average sold price Condos - NA
Avg. Days on Market - 96 - 151   (-36.42%)

source mris

Courtesy of DCClout.com  DC Home Buying and Selling Resource Center    an Al Matlock  at dcrealtor@live.com

DC's Parking Officials Are trying to steal your Money

The pictures are of a parking meter on west side of Connecticut Avenue between Dupont Circle and Q Street.  Take a look at the pictures below. This is thievery.  Now if you pulled to the curb and saw this big white sign on the meter that cleary states "No Meter Fees SATURDAY ONLY", would you park and go on your merry way. I did. When I returned I tried to stop a senior lady from feeding the meter stating "No Meter Fees on Saturday". She corrected my by pointing to the little yellow strip above the coin slot that read "Saturday 7:00am - 6:30pm Meter Fees Required".

What you see street side as you exit your car.

A wider view from street side.

 
  The Sidewalk side of the meter - above the pay slot.

A wider view from the sidewalk.

Tax Benefits of Homeownership

The tax deductions you’re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here’s how it works.

Assume:

$9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest)
$2,700 = Property taxes (at 1.5 percent on $180,000 assessed value)
______

$12,577 = Total deduction

Then, multiply your total deduction by your tax rate.

For example, at a 28 percent tax rate: 12,577 x 0.28 = $3,521.56

$3,521.56 = Amount you have lowered your federal income tax (at 28 percent tax rate)

Note: Mortgage interest may not be deductible on loans over $1.1 million. In addition, deductions are decreased when total income reaches a certain level.

For additional info contact DC Realtor Al Matlock   at dcrealtor@live.com

Potomac Place Tower 800 4th St SW Washington DC

 Potomac Place Tower totals 702 condominium home in an a once almost forgotten corner of the city.  Then came Nationals Park and southwest became a hot topic again.  Most of the south west waterfront was developed way back in the sixties and seventies so things are  a bit dated, and so to is the exterior of Potomac Place Tower. Formerly an apartment building, the interior of the building has undergone total renovation, with a new lobby, fitness room and business center. Potomac Place Towers Walkscore is great. Walk Score calculates the walkability of an address by locating nearby stores, restaurants, schools, parks, etc. The walk score for the Potomac Place Tower  is 99 on 0 to 100 scale. Meaning you can get by without owning a car.  From the tower it's a short walk to the mall and the federal complex and National's Park.

Potomac Place Tower is a 9 story 702 unit three building complex. . It features studios one and two and two bedroom condominium homes. Studio from the upper $100s, one bedroom starting in low $200s and two bed rooms from the low $300s. Units features:   Polished granite countertops, Maple hardwood floors,  24hr desk and outdoor pool.  The Waterfront Metro Station is just a few blocks away.  The new Safeway opened this past weekend.   Multiple floor plans   are available.

 


 
Courtesy  DC's Condo Guy   more info dccondoguy@live.com