Steve Dean's Blog

Steve Dean & Eddie Rangel Recognized as a Top RE/MAX Team in Washington, DC

2008-08-05T11:14:57Z

(Washington, DC - July 2008) – Steve Dean & Eddie Rangel with RE/MAX Allegiance, ranked 9th overall in the Washington, DC for awardable commissions in the first half of 2008.

“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.”

Steve Dean & Eddie Rangel 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.

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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.

$198 Million Approved by DC Council for Southwest Waterfront

2008-07-15T07:42:59Z

The DC Council approved $198 million to fund the infrastructure needed for the$1.5 billion Waterfront renovation project. PN Hoffman and Struever Brothers are the master developers for the project which could create 770 housing units, 700,000 square feet of offices, three hotels, 280,000 square feet of retail and 150,000 square feet of cultural attractions, as well as parks and four new piers.

The final reading of the bill is scheduled for July 15, 2008.

Corcoran Delays Randall School Project

2008-06-20T16:41:47Z

ANC 6D voted to oppose the Corcoran Gallery of Art's request to the DC Zoning Commission to delay completion of its Randall Project until 2015. The project was originally scheduled for completion in 2011.

Read about it in The Southwester.

Marina View Towers to remain rentals

2008-06-20T16:34:22Z

The July issue of the Southwester reports that Marina View Towers received ANC 6D's approval to its PUD. The change means Marina View Towers will be rental and their condo conversion will be delay. The market in the housing market is cited as the reason for the change.

Read about it in The Southwester.

Price Reduced: Two-Bedroom Duplex Condo with Fireplace, Hardwood Floors, Balconies, W/D

2008-06-17T16:35:00Z

Two-bedroom Duplex Condo with Three Balconies - SW Waterfront

Location: Waterfront - SW DC

For Open House House, more details, to arrange a showing, call our 24-hour automated information line: 202-595-0057 and enter the street number: 329

Two-bedroom condo on two-levels. Private entrance, fireplace, gas cooking, three balconies, hardwood floors, washer and dryer in unit, pets okay. Carrollsburg Condo has outdoor pool. One-half block to Metro and Safeway, CVS, Bank of America.
Monthly condo fee of $842.97 includes electricity, gas, heat, air conditioning, water, sewer, trash removal, snow removal, exterior building maintenance, master insurance, grounds maintenance, management, and reserve funds. Listed by RE/MAX Allegiance 202-547-5600

Information

Contact Information

Eddie Rangel & Steve Dean

202-547-5600

Contact Reply Form

Forward to a Friend

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Pricing

Asking Price: $330,000.00

Flexibility: List Price

Additional Pricing Information: Taxes: $214.55 Monthly (Proposed 2008 Owner-occupied rate)

Homeowner Dues: $842.97

Property Location

329 N Street SW
Washington, DC 20024
View Map

Links

www.myDCagent.com

Schedule A Showing

Virtual Tour

Features

Bedrooms: 2

Bathrooms: 1

Parking: Street

Year Built: 1967

Subdivision: Waterfront

Located on Floor #: Townhouse

Floors in Bldg: 3

Square Footage: 1253

Agent Name: Eddie Rangel & Steve Dean

Broker: RE/MAX Allegiance

MLS #: DC6643424

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Microwave

Interior Amenities

Fireplace

Hardwood Floors

Exposed Brick

Building Amenities

Swimming Pool

Front Desk for Packages

On-site Property Management

Pets Allowed

Near Metrorail

Photo Gallery

View as Slideshow View Photo Gallery (6 Photos)

EQUAL HOUSING OPPORTUNITY

VFLYER ID: 1450349

Price Reduced: Barrel Roof Townhouse in Southwest DC $369,000

2008-06-16T07:37:10Z

Four-bedroom Barrel-Roof Townhouse - Charles Goodman Design

Location: Southwest Waterfront

For Open House House, more details, to arrange a showing, call our 24-hour automated information line: 202-595-0057 and enter the street number: 1336

Four-bedroom barrel-roof townhouse designed byCharles M. Goodman at River Park in Southwest DC.

- Four bedrooms, two full baths
- Updated bathrooms
- New ceramic flooring (kitchen and bathroom)
- Full basement (excellent for storage and laundry)
- Pets allowed

Central air-conditioning and heat, hardwood floors on the top three levels, and a full basement with washer and dryer hook-ups.

River Park has an outdoor pool, exercise facility, twenty-four hour front desk, gated and off-street parking rentals, wood & metal shop, and on-site maintenance staff. River Park is conveniently located one-block south of Waterfront Mall which is currently beginning revitalized. The Mall currently includes the Waterfront Metro station, Safeway, CVS, and Bank of America. Metrobus service is directly on the property. River Park is just one block from Washington Channel, five blocks from the Nationals Stadium, and convenient to 295, 295, George Washington and Rock Creek Parkways, Capitol Hill, and National Airport. Listed by RE/MAX Allegiance 202-547-5600

Information

Contact Information

Eddie Rangel & Steve Dean

202-547-5600

Contact Reply Form

Forward to a Friend

View Other Flyers

Pricing

Asking Price: $369,000.00

Flexibility: Listed for

Property Location

1336 4th Street SW
Washington, DC 20024
View Map

Links

Schedule a Showing

Virtual Tour

Features

Bedrooms: 4

Bathrooms: 2

Parking: Rental

Year Built: 1962

Subdivision: Waterfront

Square Footage: 1404

Agent Name: Steve Dean

Broker: RE/MAX Allegiance

MLS #: DC6694208

Attributes

Appliances

Range/Oven

Full Refrigerator

Sink Disposal

Microwave

Washer/Dryer Connections

Interior Amenities

Basement

Barrel-roof ceilings

Exterior Amenities

Fenced Yard

Swimming Pool

Photo Gallery

View as Slideshow View Photo Gallery (9 Photos)

EQUAL HOUSING OPPORTUNITY

VFLYER ID: 1566036

District of Columbia Expands Right of Benefits of Domestic Partnerships

2008-06-12T06:50:17Z

The District of Columbia expanded it's Domestic Partnership Law when the Council passed the "Omnibus Domestic Partnership Equality Amendment Act of 2008." The law adds 39 new provisions to the law that extend most of the rights and benefits of marriage to registered domestic partners.

The new rights and benefits that apply to real property include:

Amends “An Act” to establish a code of law for the District of Columbia to permit domestic partners to hold property as tenants by the entirety and to revise the deed forms to include domestic partners.
Amends the Condominium Act of 1976 to permit domestic partners to hold condominium units as tenants by the entirety.
Amends the D.C. Deed Recordation Tax Act to replace gender specific terms with gender neutral terms.
Amends D.C. Human Rights Act of 1977 to include domestic partner in the definition of family member.
Amends section 19-1106 of the D.C. Official Code to provide a presumption of survivorship for domestic partners with regard to custodial trusts.
Amends Title 28 of the D.C. Official Code to include the interest of domestic partners in trust administration decisions.
Amends the Residential Real Property Seller Disclosure, Funeral Services Date Change, and Public Service Com-mission Independent Procurement Authority Act of 1998 to include transfers of real estate between domestic partners as excluded from the provisions of that chapter.
Amends Title 47 of the D.C. Official Code to require domestic partners be treated the same as spouses in the administration of District of Columbia Tax law.
Amends the Rental Housing Conversation and Sale Act of 1980 to replace gender-specific terms with gender-neutral terms.
Amends the Rental Housing Act of 1985 to include domestic partners when making the determination of the smallest unit size appropriate for an eligible family.
Amends the Nursing Home and Community Residence Facility Residents’ Protections Act of 1985 to include domestic partners among those unqualified to be appointed as a receiver.

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Search the MLS for the DC region: http://search.myDCagent.com

Steve Dean
RE/MAX Allegiance
220 7th Street SE
Washington, DC 20003
202-547-5600

www.myDCagent.com

Equal Housing Opportunity
All information deemed correct, but not guaranteed
Each RE/MAX office is independently owned & operated.

Steve Dean & Eddie Rangel Recognized as a Top RE/MAX Team in Washington, DC

2008-04-30T12:03:18Z

(Washington, DC - May 2008) – Steve Dean & Eddie Rangel with RE/MAX Allegiance, ranked 7th overall in the Washington, DC for awardable commissions in first quarter 2008.

Steve Dean & Eddie Rangel 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

Southwest Washington DC - Images of America (book)

2008-04-10T08:51:54Z

I recently discovered and purchased a fascinating book on the history of Southwest DC. "Southwest Washington DC" by Paul K. Williams is loaded with old photographs of Southwest DC. It was great to see the historic buildings in SW... some of which are still standing even if they don't look as they originally did.

It's available on Amazon.com. See the link below:

National Stadium Opens - Sunday, March 30, 2008

2008-03-23T07:50:13Z

The new Nationals Stadium will open on Sunday, March 30th. While the game begins at 8pm, events celebrating the opening will begin at 3pm.

Residents in the area began receiving Visitor Parking Permits in the mail as the parking restrictions in Capitol Riverfront and Southwest DC has changed. Many streets are resident parking only now. Many other streets are two-hour limited parking even on the weekends.

The President will be throwing out the first ball, so Secret Service will be handling security.

The first game will be the first chance for local residents to see how visitors find the stadium and park.

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Search the MLS for the DC region: http://search.myDCagent.com

Steve Dean
RE/MAX Allegiance
220 7th Street SE
Washington, DC 20003
202-557-5600

www.myDCagent.com

Equal Housing Opportunity
All information deemed correct, but not guaranteed
Each RE/MAX office is independently owned & operated.

National Marathon runs through Southwest DC - Saturday, March 29, 2008

2008-03-23T07:37:29Z

The National Marathon takes place in Washington, DC on Saturday, March 29, 2008.

Roads will be closed that will block access to the residents of the Southwest Waterfront community from leaving the area. Roads are expected to begin closing around 7am and re-open around noon.

To see the map of the race, visit: http://www.nationalmarathon.com/Maps.asp

The Marathon website claims, "Residents trying to access their neighborhoods during event road closures may cross the route per MPD discretion - provided they have a valid I.D. which shows the driver’s address." From past experience, you may wait very long before MPD decides you can drive across the race route.

Steve Dean Completes Residential Real Estate Investment Course

2008-02-21T05:44:55Z

Washington, DC --- January 2007 --- Steve Dean of RE/MAX Allegiance has completed the
specialized real estate investment course entitled "Creating Wealth through Residential Real Estate
Investments" conducted by the Council of Residential Specialists of the NATIONAL ASSOCIATION OF
REALTORS®.

The course was conducted in Springfield, Virginia and is one of the classes that could be taken by real
estate agents and brokers who will eventually qualify for the coveted Certified Residential Specialist
(CRS) designation.

The course covered the fundamentals of investment, taxes affecting real estate investment, and
investment strategies to create wealth.

During the two-day course, students learned how to effectively analyze residential real estate
investment opportunities and apply wealth-building strategies.

"There are many opportunities for the small investor to invest successfully in real estate," said Dean,
"and I have already begun to apply the procedures covered during this course in my work at RE/MAX
Allegiance.”

Certified Residential Specialist Courses are presented in various cities throughout the United States in
conjunction with the COUNCIL OF RESIDENTIAL SPECIALISTS an affiliate of the NATIONAL
ASSOCIATION OF REALTORS® as part of its on-going program of promoting the professionalism of
the residential sales associate.

Arena Stage Construction Web Cam

2008-02-21T05:26:37Z

Arena Stage in Southwest DC is currently renovating its campus. They have just provided access to their construction webcam.

An earlier email from Arena Stage describes the project:

"Arena Stage at the Mead Center for American Theater is named in honor of an extraordinary gift by Life Trustee Dr. Jaylee Mead and her husband, longtime Arena Stage Trustee Gilbert Mead, who passed away in May. The Center will be a breathtaking expansion of our current building, allowing us to focus on the strengths of our two existing theaters while reinventing the surrounding building and adding a third performance space dedicated to premiering new American plays. Renderings of Arena at the Mead Center are available here."

During construction, Arena Stage has moved to a temporary home in Crystal City, VA at the Crystal Forum. A five minute drive from the current location in Southwest DC, the Crystal Forum is close to Reagan National Airport and one block away from the Crystal City Metro station, which is serviced by both the Blue and Yellow Metro lines.The construction is expected to take until 2010.

DC Condo-Coop Market: Is it turning around?

2008-02-08T18:10:56Z

The Greater Capital Area Association of REALTORS (GCAAR) released the market statistics for January 2008 today. The Condo and Co-op market report shows that the average price of condos and co-ops in the District of Columbia rose to $427,651. The average price of condos and co-ops in DC was $405,271 in 2007 and $406,501 in 2006.

Is this the beginning of a market turn-around? Only the next few months will tell.

As for our practice, we were far busier than a typical January. The volume of buyers making purchases felt more like a summer month. Interest rates are quite low and many sellers have adjusted their prices with the new year.

To view GCAAR market statistics, visit: www.gcaar.com/statistics

Waterfront Mall Demolition Update

2008-02-08T09:16:51Z

The demolition of the Waterfront Mall in Southwest DC has continued at a rapid pace. As of February 7, 2008, the buildings are down.

The building that connected to the Safeway took the longest time to demolition. Workers separated it from the Safeway for weeks. Once a large gap was created between the structures, the wrecking ball brought down the rest quickly.

Waterside Mall Almost Gone

2008-02-05T14:32:30Z

Waterside Mall in Southwest DC is being demolished to make way for the new Waterfront.

The wrecking ball has been busy. You can finally see up Fourth Street SW from M Street SW for the first time in decades.

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Search the MLS for the DC region: http://search.myDCagent.com

Steve Dean
RE/MAX Allegiance
220 7th Street SE
Washington, DC 20003
202-547-5600

www.myDCagent.com

Equal Housing Opportunity
All information deemed correct, but not guaranteed
Each RE/MAX office is independently owned & operated.

Holiday Shopping Can Cost You When Buying A Home

2008-01-14T06:12:06Z

How could holiday shopping cost you when you're in the market for a new home?

Running up your credit card balances can cause your credit scores to drop dramatically. Maxing out a credit card is even worse and could cause your credit score to dip below 680. If your score does, your mortgage will cost more -- if you are even still able to obtain a mortgage. Keeping your credit card balances low helps to keep your credit score high.

Fannie Mae and Freddie Mac have begun risk-based pricing on mortgages (see my earlier post http://activerain.com/blogsview/337797/Fannie-Mae-Freddie-Mac). The higher the risk on the loan, the higher the fees will be.

Talk to your lender about today's pricing. If you received a pre-approval in 2007, talk to your loan officer again and see if the change in the guidelines have affected you.

You can also pull a copy of your credit report yourself. Here is the link for the free credit report: https://www.annualcreditreport.com/cra/index.jsp

Fannie Mae & Freddie Mac's Risk Based Pricing

2008-01-14T06:01:20Z

I wrote earlier about "Fannie Mae implementing risk based pricing for all transactions" (see http://activerain.com/blogsview/307005/Fannie-Mae-implementing-risk), but what does that mean to a buyer in today's market? Here are some examples of the fees from Bankrate.com.

Fannie Mae is implementing an "adverse market delivery charge" and Freddie Mac is calling their fee a "market condition delivery charge." For conforming loans (loans under $417,000), buyers can expect to pay as follows:

Less than 10% downpayment with credit score of 720 or more (if those loans are even available):
Pay a fee of .25% of the loan amount ($250 for every $100,000 borrowed)

Less than 10% downpayment with credit score of 720 or more (if those loans are even available) for an interest-only loan:
Pay a fee of .5% of the loan amount ($500 for every $100,000 borrowed)

Less than 10% downpayment with credit score below 720 (if those loans are even available)
Pay a fee of .5% of the loan amount ($500 for every $100,000 borrowed)

Less than 30% downpayment with a credit score below 620?
Pay a fee of 2% of the loan amount ($2,000 for every $100,000 borrowed)

Less than 30% downpayment with a credit score between 640-659?
Pay a fee of 1.25% of the loan amount ($1,250 for every $100,000 borrowed)

There are other charges for loans for investment property and 40-year mortgage.

Lenders can collect the fee up-front or raise the interest rates, so buyers -- now more than ever -- be sure to compare upfront fees and rates.

DC Home Prices Hold Steady

2008-01-14T05:29:32Z

The Washington Business Journal reported on Thursday, January 10, 2008 that housing prices stabilized in parts of the DC metropolitan area in December 2007.

"Prices actually rose slightly in the District, and inner suburbs such as Montgomery County and parts of Northern Virginia saw only modest declines in sales prices. Outlying regions such as Prince William County suffered steep drops in pricing and sales volume, according to data released by Metropolitan Regional Information Systems."

While the number of sales is down 12.8% for in the District of Columbia, the sales of condos and cooperatives is up 5.6% over 2006.

Southwest DC Revitalization: Arena Stage Stages Construction

2008-01-14T05:20:05Z

In October 2007, Arena Stage announced that they would commence construction on the new Arena Stage at the Mead Center for American Theater beginning in January 2008. The construction fence has been around Arena Stage in Southwest DC as it prepares for groundbreaking.

An e-mail from Arena Stage gave some more details on the project,

"Arena Stage at the Mead Center for American Theater is named in honor of an extraordinary gift by Life Trustee Dr. Jaylee Mead and her husband, longtime Arena Stage Trustee Gilbert Mead, who passed away in May. The Center will be a breathtaking expansion of our current building, allowing us to focus on the strengths of our two existing theaters while reinventing the surrounding building and adding a third performance space dedicated to premiering new American plays. Renderings of Arena at the Mead Center are available here."

During construction, Arena Stage has moved to a temporary home in Crystal City, VA at the Crystal Forum. A five minute drive from the current location in Southwest DC, the Crystal Forum is close to Reagan National Airport and one block away from the Crystal City Metro station, which is serviced by both the Blue and Yellow Metro lines.

The construction is expected to take until 2010.

Southwest DC Revitalization: Work is Underway at Marina View Towers

2008-01-14T05:12:47Z

Exterior work is now underway at Marina View Towers (1000 & 1100 6th Street SW) in Southwest DC. Originally designed by I.M. Pei, the towers will be renovated and two new buildings are planned for the site where the existing parking lots are now. According to the website for Esocoff & Associates, the M Street building will include ground floor retail. To learn more, visit Esocoff & Associates website and browse their residential section.

This renovation project is situated between the renovation of Arena Stage and Waterfront Mall making three city blocks along Maine Avenue/M Street SW currently being revitalized.

Veteran Administration Loans and Co-operatives

2008-01-08T20:38:40Z

Veteran Administration Cooperative Loans

From what we've been told:

While the law did change to allow the Veterans Administration to ensure cooperative loans, the Government National Mortgage Association (Ginnie Mae) will not issue pass through certificates for cooperative loans even if insured by the Veterans Administration. Therefore, the lender is unable to resell the loan in the secondary market and must service the loan for the life of the loan.

Given the tightening of the credit markets, lenders are avoiding loans that are not salable.

DC Properties For Sale by Email

2008-01-08T19:55:33Z

Today’s real estate market changes every day, as new properties become available, and others are sold. A lot of our clients benefit from our "Homes by Email" system that keeps them informed of new properties as soon as they arrive on the market. That way, they feel a sense of comfort in knowing they have the most current information available.

We can sign you up to receive market updates. If you prefer to set-up your search yourself, visiting this URL: http://search.myDCagent.com/email/

If we can be of any assistance with your real estate needs, please call on us!

Steve Dean & Eddie Rangel
RE/MAX Allegiance
www.myDCagent.com
202-547-5600

Equal Housing Opportunity
Each RE/MAX Office is independently owned and operated.

Understanding Co-operatives: Selling and Buying

2008-01-08T19:48:06Z

So what’s the difference…
Like houses and condos, most co-op apartments and townhouses are listed for sale by licensed real estate agents and posted on the area’s Multiple Listing Service while some may be offered for sale directly by the owner.

The regional Board of Realtors has available for its Realtor members the appropriate forms for the sale and purchase of co-op units.

What’s the Real difference …
Contract Price Includes Corporate/Blanket Mortgage Allocation!

Please note that in the Washington, D.C. area, the price quoted for a co-op unit is the full price which INCLUDES the allocated portion of any corporate or blanket mortgage financing. Since the contract price of a co-op unit includes the unpaid share of the blanket mortgage allocation, the current balance of the blanket mortgage is included in the total financing permitted by a lender.

Simply stated:
Lender’s loan plus allocated blanket mortgage equals total loan amount.

From "Co-operative Speaking" by the Edmund J. Flynn Company, Washington, DC

Understanding Co-operatives: Board Application for Resident Ownership

2008-01-08T19:46:43Z

Before settlement can take place on the sale and purchase of co-op unit, the purchaser must be approved for membership and occupancy by the Board of Directors to assess the applicant’s ability to handle the monthly carrying costs associated with ownership.

Each co-op has its own requirements for the sale and transfer of ownership. Typically, an application form seeking information about one’s employment status and income, as well as a listing of one’s assets and liabilities, is completed by the purchaser and submitted to the Board. Verification of employment, a consumer credit report and letters of personal reference are usually part of the application package. The co-operative may require the seller or buyer to pay a fee for the cost of obtaining a credit report and for handling the review process. Most co-op boards schedule an interview with the buyer to greet the prospective owner, answer any questions and explain some of the more important policies concerning the co-operative’s operation.

From "Co-operative Speaking" by the Edmund J. Flynn Company, Washington, DC