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Restored Colombia Heights Beckons New Homeowners

By
Real Estate Agent with Keller-Williams

houseIf you're at the time of your life when living in an interesting, vibrant neighborhood is what you want, the Columbia Heights section of D.C. could be your ideal destination.  The area boasts a rich cultural heritage, ethnic diversity, affordable housing, and a huge new shopping center across from the Metro station.  This is why I have called the neighborhood home since September 2008.

Located in the Northwest quadrant of  D.C., the area is bordered by Spring Road, Georgia Road, Georgia Avenue, and 16th Street.  About 40% of the area residents are between 25-40.  One in four residents is a homeowner, although the area is a popular area for rentals too....so if holding onto a condo as an investment (down the road) sounds appealing, this could be your golden spot!  Dominated by Victorian style architecture, Columbia Heights saw a rash of luxury modern-style condo building in anticipation of the opening of the D.C.USA shopping center in 2008.  Given the sluggish economy, some of the condos have since been converted to rentals but are still thriving.

Columbia Heights was named after a college which has since changed its name to George Washington University and moved most of its operations to Foggy Bottom.  The government bought some of the college property to build Meridian Park (also known as Malcolm X Park) the site of famous statues of historic figures.  Only 15-20 minutes from downtown Washington, it quickly became the upscale home of government employees, Supreme Court justices, and military officers and other wealthy residents.  The area became more urban as apartments were built to meet demand.

Demographic shifts in the 1940s made the area more middle class and changed the racial composition.  Like many other Washington, D.C. neighborhoods, Columbia Heights was devastated by riots that followed the assassination of Martin Luther King in 1968.  In the decades following the riots, the area lay dormant....but all of this has changed in the past 5 years.

Now, Columbia Heights has been rediscovered.  First, a Metro station was opened, which served as a catalyst for economic development and population influx.  Much of the development has centered around 11th Street, already the site of a popular neighborhood bar called the Wonderland Ballroom (a favorite happy hour spot!), Columbia Heights Coffee, and other bars and restaurants.  The mix of cultures that now populate the neighborhood make for an interesting mix of cuisine and cultural events.  The biggest area attraction, DCUSA, has Target, Buy Buy, Marshalls & Washington Sports Club as anchor stores, plus ample underground parking (only $1/hr!), to serve neighborhood residents and pull in people from all over D.C. 

The revitalization has made Columbia Heights properties attractive yet some of the most affordable in D.C..  Median values for a single family home is $597,000, while the condo median price is $399,000.  

Does the "median value" still seem out of your price range?  Right now on my Atlantic Coast Connection website, I have 90 properties in Columbia Heights that are listed for less than $250,000.  Finding an affordable home in the area with parking or proximity to the Metro is part of what Rachel Valentino can do for you!  Check out my website today to see my full array of listings in the greater DC area.

Posted by

 

 

Rachel Valentino

Managing Partner, Valentino & Associates Team 

at Keller Williams

www.rachelvalentino.com      (c) 202.270.6972     (f) 202.290.1204

 Keller-Williams Real Estate      202-243-7700     Thank you for referring your friends and colleagues!  

  #1 Individual Producer at DC's #1 Real Estate Office... 

2009 Washington City Paper's "Best Real  Estate Agent" ...   

 2009 Washington Life Magazine's "The Young & The Guest List"... 

  Licensed in DC, MD, & VA      Specializing in the  NW quadrant of DC, eastern MD, northern VA

Comments(2)

Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Sounds like this neighborhood is a great value for your area. My sister lives in Potomac Falls where townhouses go for $750,000 and more, much less a single family home. And this is much closer.

Sharon

May 30, 2009 02:09 PM
Rachel Valentino
Keller-Williams - Washington, DC
Valentino & Associates

This area is a great value, one of the reasons I bought here myself. We have our share of $700,000 properties too, but there is plenty that someone just starting out could buy as well.  The blend of old and new housing is enhanced by convenience: you can easily hop the Metro to  work and then be able to shop and play in the same area.

May 31, 2009 10:14 AM