We can’t believe it has been a year since our last a real-estate check in! How time flies when you are busy writing about new restaurants, pop-up developments and events with moon bounces. The last time we checked in with Brookland’s real estate market, we were still amazed that houses were selling at, or near, the $1 million mark. By now, this price range has become much more frequent, although what you get for your money in terms of home and property size seems like much more than other DC neighborhoods. From what we can tell, about 336 homes in the 20017 area code sold in the last 12 months. So, without further ado, here are some of the 2017 home sales that caught our eye:
1249 Lawrence St NE sold for $1,139,990. Sigh…so dreamy. This 6 bed, 4.5 bath house has an amazing wrap-around porch, which I am sure is only made more enjoyable by the gorgeous mature trees lining the 1200 block of Lawrence.
I don’t usually salivate over other people’s homes. But the house at 4235 South Dakota Avenue NE really looks like something special. Unfortunately for me, it sold for $1,025,000, putting it about $600,000 over of my price range…anyway…this 3 bed, 2.5 bath is very drool-worthy for those of us who appreciate a modern aesthetic combined with light-filled rooms.
One side of this new duplex rowhouse at 1012 Irving St NE sold for $989,000. Neighbors with good memories may remember that one small older home at the back of this lot burned down 8 (?) years ago and was removed a few years later. It’s nice to see that this lot has since been transformed into this new duplex development. The 4 bed, 3.5 bath home looks really well done and modern.
The house at 3630 13th St NE sold for $984,500. Packed with a lot of original charm, this 6 bed, 4.5 bath also came with a lot of nice modern touches, a variety of nice outdoor spaces and big rooms.
The unique home at 1352 Newton NE sold for $883,250 over the summer. This 4 bed, 4 bath house has one of those enormous Brookland backyards that landscaping dreams are made of, and what looks like a rental unit or in-law suit on the lower level, nice.
1525 Kearny has a deep front yard and mature trees that give it a nice curb appeal. The 3 bed and 2.5 bath house sold for $850,000 and has some nice rustic touches like the brick fireplace, but what sets it apart is the enormous yard complete with a huge deck, bonus shed and lots of parking.
We thought neighbors would be interested in knowing that this transmission repair shop on Rhode Island Avenue is on the market for $1,499,000. From the real estate listing:
Explosive Rhode Island Ave NE opportunity ! MU4 site with great potential at a fantastic price. Looking for quick settlement with qualified purchaser in mind, Please call for showings if necessary, as is sale, tenant will stay until shovel in ground for income purposes. $ 4,685.00 per month includes water bill . Potential of Sixteen thousand plus sq ft of buildable structure, Prime Location.
We will let you know when we learn of anything new at the property.
Wow readers, it has been a year since we have done a real estate update! So, we have some catching up to do. At that time, Brooklanders were somewhat amazed that a house had recently sold for $1 Million. Now, seeing house listings at or near that mark has become more common, though still a bit surprising for those of us who have lived here for a while. So without further ado, here are some notable home sales from the last few months:
This house at 1230 Quincy Street NE sold for $1,405,000 in September. While this 8 bedroom (!!), 6 bath home sports lots of features, I’m not going to lie, the close proximity to San Antonio’s and Whelan Liquors is what really caught my eye. Brooklanders may remember this house from the 2015 house and garden tour.
The 1300 block of Lawrence Street is one of our favorites – lots of nice mature trees, huge lots and houses set back from the street. Like this one at 1340 Lawrence that sold for just under $1.2 Million in September.
We really fell in love with the house at 1315 Randolph Street NE when it hit the market. So much charm and original details, not to mention the incredible back yard and extra little house on the property, no wonder it sold for over $1 million this August.
The 1300 block on Newton is another great Brookland block. Super friendly neighbors, deep lots and a wide variety of homes. Not to mention it is a quick walk to 12th Street restaurants and the Metro. So, we weren’t surprised when this nicely renovated home at 1342 Newton NE sold for $962, 500.
This house at 1225 Michigan Ave NE sold for $950,000 back in October. It has 4 beds and 3.5 baths and a really nice looking second floor balcony off the master bedroom and a garage (insert jealous sigh).
This end unit row house at 3400 15th Street NE sold for just under $835,000 in October. This light filled home has 5 bedrooms and 4 baths.
Its been a while since we have done a check in with the Brookland real estate market. Here are some recent home sales:
There was a bit of a buzz when we posted about the first Brookland residential sale to go for $1 Million. Quickly on its heels, this home at 1327 Newton Street NE sold for $1,000,010. The 5 bedroom, 4.5 farm house was built in 1918 and has been fully renovated.
This 6 bedroom, 4.5 bathroom house sold for $879,000. Located at 1014 Monroe Street NE, it is huge and very close to the Metro.
This 5 bedroom, 5 bath at 1011 Irving St NE sold for $873,00. This super spacious home came with two master bedroom suites.
This end unit row house at 1322 Newton St NE sold for $861,000. The 4 bedroom, 3 bathroom home is light-filled and a close walk to the Metro.
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.
As most people probably suspect, Brookland continues on an upward trend of increased property values. We learned from this article in the Washington Business Journal that the median home price in Brookland has gone up 21% since last year. In addition to renovations selling in the $800 – 900 thousand range, like this one, that recently sold for$910,000; there seems to be new construction everywhere you look. For example, these townhomes as part of the Monroe Street Market development were just granted building permits to begin construction and are already on the market for $812,890.
We caught up with Shemaya Klar, an agent from Brookland-based real state firm Abbott Klar and asked him for his take on the Brookland real estate market in 2015 and looking ahead. Here’s what he had to say:
With easy access to downtown via Metro or bike path, great variety in housing stock, large yards, the friendliest neighbors and ever increasing dining venues, Brookland continues to be one of the greatest places to live in DC. It also remains a bargain compared to many other neighborhoods in DC. Also, the large number of great DC charter schools in Ward 5 are significantly contributing to the desirability of Brookland.
Do you think home prices will plateau soon, or will the neighborhood finally see a $1 million dollar home sale?
We observe prices trending upward, with the best presented properties generating multiple offers and this will continue. While the 1 million dollar mark remains elusive, we are seeing more large houses sell in the 800’s and 900’s than ever before. But most importantly, Brookland remains a neighborhood where there are still many great options not just on the high end but also for the first time home buyers.
Thanks Shemaya! We will keep our eye on the market and pass along anything we find interesting.
The residential real estate market in our neighborhood continues on a hot streak. Recently Brookland was ranked third in the country for profitability of home flips. The average profit on Brookland “flipped” homes (resold within one year of being purchased) was $271,900 with sellers having an average of 8.3 offers on their houses.
Speaking of flips, we have been watching the house at 1223 Irving undergo a huge transformation in less than a year. The top picture is how it looked when it sold for $550,000 in October. The 5 bed, 4.5 bath house was then renovated and sold recently for $921,000. Below is how it looks now. Here are some more recent home sales in our area:
914 Irving Street NE sold for $737,000. This flip was a complete gut job, also completed in less than a year.We went to the open house and loved the open, airy feeling provide by the skylights and big windows leading to the back deck. The home has 4 beds, 3.5 baths, a garage, and high end finishes.
1314 Kearny Street NE sold for $840,000. We knew the longtime owners of this home, and have been in it several times. It featured amazing original wood details, beautiful landscaping, a great covered & screened outdoor room and a Koi pond. This house has 4 beds, 2 baths
1336 Newton Street NE sold for $800,000. Good friends of ours bought this house. It has a whopping 6 bedrooms and 2.5 baths and 4 finished levels. Like many homes in Brookland, it has great bones and is the type of home to raise a family in, with original hardwood floors, a claw foot tub and huge backyard.
1018 Kearny Street NE sold for $710,000. With a great location near the Metro, this house was not a flip, but was well maintained, updated, and beyond move-in ready. The 4 bedroom, 2 bathroom house has a big yard yard and on a super-nice block with great neighbors.
4317 12th Street NE sold for $682,5000. This flip offered all the updates and high end features expected from a total renovation. This 4 bed, 3.5 bath home has a lot of sought after features like a master bedroom suite and a garage.
Brookland’s own Abbott and Klar Real Estate Group has introduced a new way of advertising property listings. They shot a video of the property and it’s surrounding neighborhood. This is a great way for interested buyers to get an idea of the character of the neighborhood, as well as a unique perspective of their potential new home.
At the same time it offers local residents the opportunity to view their community from a bird’s view angle. Here is an example of the new video strategy based on one of their recent listings:
Brookland is so beautiful. Don’t you agree?
All about Washington DC's Greater Brookland neighborhood