Southwest DC Waterfront is a wonderful example of mid-century American architecture, much of Southwest was redeveloped in the 1950-1960s. The neighborhood offers everything from small studio apartments to large townhouses and palatial apartments with water views.
The residential area of Southwest DC is bounded by South Capitol Street to the east, 14th Street to the west, the Southeast-Southwest Freeway to the north, and Washington Channel to the south.
Here are the figures:
Currently For Sale: 61 homes (current asking price) Low: $117,000 High: $899,900 Average: $$308,962
Under Contract: 13 homes (asking price at contract) Low: $120,000 High: $865,000 Average: $382,438
Average Number of Days on Market Until Contract: 20
Sold since 1/1/2009 96 homes sold (final sales price) Low: $90,000 High: $783,000 Average: $286,337 Average asking price for sold properties: $299,395 Average Number of Days on Market Until Contract: 111
INDOOR POOL, FITNESS ROOM, 24 HOUR GATEHOUSE, GUEST PARKING, ROOF TERRACES, ONSITE MANAGEMENT, MAINTENANCE & ENGINEERING. ALL PARKING RENTED FOR $125.00 PER MONTH. FULL SERVICE COMMUNITY WITH ALL AMENITIES JUST 2 BLOCKS TO THE METRO, STEPS TO ARENA STAGE & FT. McNAIR AND MINUTES TO REAGAN NATIONAL, DOWNTOWN, 295 AND 395. 5 BLOCKS TO THE NATIONAL’S STADIUM.
UNITS FOR SALE
N-506 ($149,000)Spacious studio with a river view. Good storage, washer/dryer in unit. Eddie Rangel & Steve Dean, RE/MAX Allegiance, 202-525-6499, homes@myDCagent.com. Photos: www.myDCagent..com,24/7 Info Line: Call 202-595-0057 & Enter Code 15551
N-507 ($160,000) Studio with parquet floors, lots of light and closet space. Jason Martin, Keller Williams, 202-641-0299
S-618 ($189,000) Studio on Top Floor with amazing view of waterfront and HS grounds. Kitchen and bath fully renovated. Custom Built-ins, 52” TV conveys if desired. Custom Closets and Bosch stacked washer/dryer in unit. Jason Martin, Keller Williams, 202-641-0299
S-414 ($219,500) Luxurious Lg Eff w/ unsurpassed river & Monument views from spectacular roof terraces. Water garden views. Hdwd flrs, tons of closet space. For sale by owner. 202-484-8065 or
202-397-3038, ccoxassociates@aol.com or leave message at the Gatehouse for S206
S-332 ($225,000) 1 BR/1 BA with balcony overlooking English Garden. East and west face windows. Eddie Rangel & Steve Dean, RE/MAX Allegiance, 202-525-6499, homes@myDCagent.com. Photos: www.myDCagent.com, 24/7 Info Line: Call 202-595-0057 & Enter Code 15521
N-225 ($264,900) Light & bright 1 BR, 1 BA offering 807 square feet. Open floor plan & tons of closet space. Unit & balconies overlook a quiet & peaceful courtyard. Casey O’Neal, RE/MAX Allegiance, 703-824-4196, Casey@Caseyoneal.com. For photos visit www.CaseyOneal.com
N-129 ($279,000) Bright & airy unit 1 BR with 2 accesses to lovely, private patio & garden. Approx. 805 s.f. w/numerous upgrades. Willie Parker, Coldwell Banker 202-333-6100
N-509 ($289,900) Renovated 1BR w/ Lg balc and seasonal River/Monument views! Newly refinished floors, fresh paint, new kitchen appliances, Ventless combo washer/dryer, new counter tops and floor. Updated bath. Move-in ready. Steve Gross, (Broker/Owner) Welcome Home Realty, LLC, 202-488-1984, www.welcomehomerealtydc.com or DCHomes1@aol.com
N-215 ($299,900) Huge 1BR (1005 square feet) Comfortable and Sunny corner unit. Beautifully Renovated Kitchen & Bathroom, Washer & Dryer in Unit, Balcony overlooks N Street, Four Huge Windows (over 225 square feet!), and 5 closets. One of the largest one BR apts you'll find at Harbour Square or anywhere in D.C. Formal Dining Room could be converted to second bedroom or nursery! Agents welcome at 3%. Jim Haile, 202-546-0930, hailejj@hotmail.com
S-703 ($750,000) Two large bedrooms with en suite baths, extra large living room and formal dining, fireplace, in-unit w/d combo, three balconies, plus amazing water and monument views! Eddie Rangel & Steve Dean, RE/MAX Allegiance, 202-525-6499, homes@myDCagent.com. Photos: www.myDCagent.com, 24/7 Info Line: Call 202-595-0057 & Enter Code 17211
S-603 ($899,990) Rare 1600 sf 2 BR/2BA "Thru-Unit"! Gorgeous w/ 2 balconies & spectacular River views! Renovated thruout w/ gourmet kitchen (2 cooktops, 2 ovens\convection, built-in double-door Kitchenaid fridge & extra full freezer, Silestone counter tops, ceramic tiles floor. Washer/Dryer. Steve Gross, (Broker/Owner) Welcome Home Realty, LLC, 202-488-1984, www.welcomehomerealtydc.com or DCHomes1@aol.com
UNITS FOR RENT
N-225 ($1,600) Light & bright 1 BR, 1 BA offering 807 square feet. Open floor plan & tons of closet space. Unit & balconies overlook a quiet & peaceful courtyard. All utilities, plus cable TV, included with rent. Casey O’Neal, RE/MAX Allegiance, 703-824-4196, Casey@Caseyoneal.com. For photos visit www.CaseyOneal.com
S-908 ($1,695) 1 BR/1BA unit with living room and balcony facing a peaceful English Garden! Hardwood floors, good closet space, bedroom with floor-to-ceiling windows and a spiral staircase to a private roof garden with a view over all of Washington. A terrific place to entertain! Available in early October. Call Peter Rheinstein, MD at (301) 261-1300 (Home) or (301) 792-2800 (Cell) or email phr@jhu.edu
Rent includes all utilities, expanded basic cable and all amenities. Garage parking is available to rent.Pets are not allowed in rental units.
To add properties to this list, please leave information in the mailbox for N-227 or e-mail homes@myDCagent.com. (Updated 11/01/09)
540 N St SW S703: Two Bedrooms, Two Baths and Views Views Views!
Location: Waterfront
Set up high in one of Washington's Best Addresses -- this beautiful, light-filled, 1600+sf coop apartment has it all. Two large bedrooms with en suite baths, extra large living room and formal dining, fireplace, in-unit w/d combo, three balconies, plus amazing water and monument views! You can't ask for anything more.
Shown by Appointment.
Pets allowed, rental and guest parking available.
Harbour Square has roof top terraces, indoor swimming pool, exercise room, library, rental parking, and more. Two blocks to Metrorail.
*** 24/7 Automated Info: Call (202) 595-0057 and Enter 15553 ***
Listed by Eddie Rangel & Steve Dean, RE/MAX Allegiance, Direct: 202-525-6499 Equal Housing Opportunity - Each RE/MAX office is independently owned and operated. - All information deemed correct, but not guaranteed.
Additional Pricing Information: Price includes an underlying mortgage of approximately $36,405 which is subtracted from the amount of personal mortgage the purchaser must acquire. $371.68 of the monthly coop fee goes to the underlying mortgage.
Homeowner Dues: 1980.65
Property Location
540 N Street SW S703 Washington, DC 20024 View Map
Eddie Rangel & Steve Dean | RE/MAX Allegiance 202-338-8900 | 202-525-6499
520 N Street SW S332, Washington, DC
One-bedroom with balcony
1BR/1BA Co-Op
offered at $225,000
Year Built
1966
Sq Footage
683
Bedrooms
1
Bathrooms
1 full, 0 partial
Floors
1
Parking
None
Lot Size
Unspecified
HOA/Maint
$744 per month
DESCRIPTION
OPEN HOUSE, SUNDAY, OCTOBER 18TH 1-3PM ***
Make this one-bedroom/one bath co-op with street and garden views your next home. S332 features a galley kitchen, balcony facing the English Garden, large bedroom with wall-to-wall windows, and ample storage.
Pets allowed, rental and guest parking available. Harbour Square offers indoor pool, fitness room, public rooftop terraces, and more.
Listed by Eddie Rangel & Steve Dean, RE/MAX Allegiance, Direct: 202-525-6499 Equal Housing Opportunity - Each RE/MAX office is independently owned and operated. - All information deemed correct, but not guaranteed.
*** 24/7 Info Line: Call 202-595-0057 and Enter Code 15524
REFINANCE: New loan with reduction in monthly payments
LOAN MODIFICATION: Modify original loan terms
SELL THE PROPERTY:Use equity to payoff or pay difference
RENT THE PROPERTY: Must make loan current
DEED IN LIEU OF FORECLOSURE: “friendly foreclosure”
BANKRUPTCY: Will stall foreclosure but not prevent it
SHORT SALE: Negotiate with bank to accept sale under loan amount
The Federal Government has a hotline. Homeowner's HOPE Hotline: 888-995-HOPE
Have you suffered any of these hardships?
Loss of job
Business Failure
Damage to Property
Death of a Spouse
Death of Family Members
Severe Illness
Inheritance
Divorce
Mandatory Job Relocation
Medical Bills
Military Service
Payment Increase or Mortgage Adjustment
Insurance or Tax Increase
Reduced Income
Separation
Too Much Debt
Incarceration
If so, you may qualify for a short sale.
Short Sale vs. Forclosure
Short Sale
Property is sold and lender accepts proceeds as payment
You may be released from any deficiency judgment liens filed against you
No foreclosure reported on to credit bureaus
Reflects on your credit reports for approximately 2 years
FICO score may drop between 75 - 125 points
Foreclosure
Lender takes ownership and forces the sale of the property
Lender has the ability to file a deficiency judgment against debtor and any other properties owned
A foreclosure will be reported to credit bureaus
Reflects negatively on your credit report for up to 10 years
FICO score may drop between 200-280 points potentially causing loss of security clearances
Documents needed for a short sale
Two months most recent mortgage statements (all mortgages)
Two months checking account statements (all borrowers if separate)
Two months saving account statements (all borrowers if separate)
Two months other account statements (all borrowers if separate)
Last two paycheck stubs (all borrowers)
Two years tax returns
Hardship Letter
Financial Worksheet
To discuss selling your home call Eddie Rangel & Steve Dean at 202-525-6499
Both Eddie and Steve are Certified Distressed Property Experts with extensive training in foreclosure avoidance and short sales. Eddie and Steve are well versed professionals with extensive experience in co-operative and condominium sales. Despite the tough housing market, Eddie & Steve remain in the Top Ten RE/MAX Teams in Washington, DC based on closed sales in 2008 and 2009.
240 M St SW #E815: Two-bedroom, Top-floor Condo w/Views and Parking!
Location: SW Waterfront
Come home to E815 and live and entertain with terrific views of the Capitol, Monument and Nationals Stadium. This home features large living room and formal dining, galley kitchen, large bath and two bedrooms with ample storage throughout. Hardwood parquet flooring and carpet in one bedroom.
*One covered parkings spot conveys*
Carrollsburg a Condominium is currently FHA approved, and offers outdoor pool, 24-hour front desk, additional rental storage, and community laundry rooms. Pets allowed.
*** 24/7 Automated Info: Call (202) 595-0057 and Enter 15543 ***
Listed by Eddie Rangel & Steve Dean, RE/MAX Allegiance, Direct: 202-525-6499 Equal Housing Opportunity - Each RE/MAX office is independently owned and operated. - All information deemed correct, but not guaranteed.
560 N St SW N506: Large Studio Apartment with Water Views
Location: Waterfront
Large studio apartment with water views, in-unit W/D combo, dressing room, California Closets system.
Pets allowed, rental and guest parking available.
Harbour Square has roof top terraces, indoor swimming pool, exercise room, library, rental parking, and more. Two blocks to Metrorail.
*** 24/7 Automated Info: Call (202) 595-0057 and Enter 15553 ***
Listed by Eddie Rangel & Steve Dean, RE/MAX Allegiance, Direct: 202-525-6499 Equal Housing Opportunity - Each RE/MAX office is independently owned and operated. - All information deemed correct, but not guaranteed.
Additional Pricing Information: Price includes an underlying mortgage of approximately $14,463 which is subtracted from the amount of personal mortgage the purchaser must acquire. $136.22 of the monthly fee goes to the underlying mortgage.
Homeowner Dues: 725.89
Property Location
560 N Street SW N506 Washington, DC 20024 View Map
429 N St, SW #S203: Studio Apartment with Balcony and Parking!
Location: SW Waterfront
Studio Apartment with large balcony, and updated kitchen. Also features walk-in closet, full bath, and built-in office nook. Additional Storage available through coop.
***One Garage Parking Space Conveys!***
Tiber Island Cooperative Homes is a full service coop offering an outdoor pool, two fitness rooms, 24/7 reception, historic Thomas Law House for meetings/parties, and more. Small pets OK.
Less than 1 block to Waterfront Metro Station, groceries, CVS, Bank of America, and the waterfront. Convenient to Nationals Stadium, 395, 295, Rock Creek and George Washington Parkways.
Listed by Eddie Rangel & Steve Dean, RE/MAX Allegiance, Direct: 202-525-6499. Equal Housing Opportunity - Each RE/MAX office is independently owned and operated. - All information deemed correct, but not guaranteed.
(Washington, DC - July 2009) – Steve Dean & Eddie Rangel with RE/MAX Allegiance, ranked 7th overall in the Washington, DC for awardable commissions in the first six months of 2009.
"The DC real estate market this year has more distressed property and problematic transactions than in past years," said Steve Dean. "We're happy that we've been able to use our experience to successfully close client's transactions despite the difficult times."
“Without a doubt, your contribution to RE/MAX International’s record-breaking success is recognized and admired throughout the Region,” said Kerron Stokes, Regional Vice President of RE/MAX Central Atlantic Region, upon issuing the award. “Your outstanding achievement serves as a powerful model of professionalism for each and every Sales Associate on the RE/MAX team.”
Both Steve Dean and Eddie Rangel are Certified Distressed Property Experts with extensive training in foreclosure avoidance and short sales. Steve & Eddie are well versed professionals with extensive experience in co-operative and condominium sales. To learn more about Steve & Eddie visit their website: www.myDCagent.com
RE/MAX has over 110,000 agents worldwide and continues to lead the industry in top markets with cutting-edge technologies like the comprehensive property search engine on www.remax.com and the RE/MAX Satellite Network (RSN), that provides Associates with award-winning programming, coaching and training in the convenience of their offices or homes.
# # #
About RE/MAX
RE/MAX was founded in 1973 in Denver, Colorado by Dave and Gail Liniger. It has grown to a global network of over 110,000 Sales Associates in more than 65 countries. No one sells more real estate than RE/MAX. Nearly all home listings can be found at www.remax.com. RE/MAX is proud to help raise millions of dollars and support charitable organizations like, Susan G. Komen Breast Cancer Survivor Recognition Program, Children’s Miracle Network and The Sentinels of Freedom Foundation.
1) Sign a Buyers Brokerage Agreement: Without a signed agreement, real estate agents in DC work for the Seller. Sign a Buyer Broker Agreement with a short time period to ensure that your working style and your agent's style are compatible. You can always extend it.
2) Obtain Lender Letter: You don't have to use the lender that provides the letter. Shop and compare rates, products, and services before getting under contract.
3) Define search criteria and choose homes to view: Make a list of what you have presently in your home and what you'd like to have in your new home. Then mark the items that you MUST have. If a couple is buying a home, do this independently and then compare. If you're considering purchasing a "Short Sale" be sure to talk to a Certified Distressed Property Expert to learn the additional steps necessary in your purchase.
4) Write offer with earnest deposit check: Your earnest deposit is applied to your down payment and closing costs at settlement. If you don't honor the contract, the Seller may keep this as damages. This check must be deposited within one week of contract ratification.
5) Offer accepted!!! Once your contract is ratified, your agent will work with you to schedule settlement and any inspections and provide access to the property.
6) Complete loan application: In DC you have seven days from the date you get under contract to complete a final loan application.
7) Appraisal ordered: The lender will send an appraiser to determine the "appraised" value of the property. Your agent will coordinate access for the appraiser. Purchasers receive a copy of the appraisal report at least three days before settlement; be sure you follow-up with your loan officer to ensure you receive it.
8) Conduct inspections and negotiate as needed: Bring a camera and/or tape measure when you inspect if you want to plan your move. You may not get into the home again until final walk-through. Every inspection will find something. Talk to your agent to discuss the findings.
9) Your loan moves into closing once the appraisal is in and title work is in; time to lock your rate: The rate on your mortgage will fluctuate with the market until you "lock" the rate with the lender. Talk to your lender at least two weeks before settlement to avoid closing delays. If there are appraisal or title concerns, talk to your agent to navigate the settlement process. The settlement attorney can also provide advice.
10) Bring photo ID and certified funds to settlement and conduct final walk-through prior to settlement: At settlement you’ll sign paperwork both for transfer of the property and for your mortgage. If you’ll want to read all of the documents before you sign, let your agent know so a time can be arranged for you to read them before everyone meets at the settlement table.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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