It is no mystery that the price of buying a home in Brookland has escalated steadily over the last six years or so. In the last two years we have seen the asking price of large Brookland homes stretch into the $800,000 – $900,00 + range on a regular basis. And, every now and then, there has been a house that asked near or over the one million threshold. While there has been speculation (and some pre-mature false reports) about when the neighborhood would hit that mark, there hasn’t been a home to sell for a million dollars until now.
This renovated home at 1349 Otis Street NE just sold for $1,000,000 and features 5 bedrooms, 4 bathrooms, stone fireplaces, a huge backyard, and nice decks. All within walking distance of the Metro. Welcome new neighbors!
It will be interesting to see where the market takes us from here, we will keep an eye on things and report back anything significant.