Last week I announced I was having my first Open at my new listing at 1727 R St, NW. It was a doozy! About 40 people attended. I wasn’t expecting the volume but I’m thrilled and so is my seller.
That also is an indication that there’s NOTHING interesting on the market at the moment. I had a lot of attendee’s tell me they have been looking since January and there haven’t been many options. That’s also true with my buyers. I have several that would love to buy something but there’s nothing to see. I’m hoping now that March has officially begun that we’ll see an uptick in listings.
We don’t have an offer yet but there are several interested parties. I hope this weekend’s Open will be as busy. Once again, it’s Sunday from 1-4.
I have a new listing hitting the market today at 1727 R St, NW #503. It’s a bright, top floor 2 bedroom, 1.5 bath corner unit at the Art Deco Pierre. It has many wonderful upgrades like bamboo floors, granite counter tops, a Miele cooktop and oven, an open floor plan, a fireplace, upgraded bathrooms, Miele washer/dryer, home theater wiring throughout and it’s pet friendly. There’s also a rental parking spot available for $200 a month. The condo fee is $417 a month. Click here for the virtual tour. I’m holding it Open on Sunday from 1-4pm. If you’re in the neighborhood, stop by and say “hello.”
The Floridian has had it’s fair share of problems. It hit the market initially in 2007 and it was expensive. Really expensive and the building wasn’t even complete! It did have very nice finishes. It also had some upgrades that most buildings weren’t offering at the time like concrete counters tops plus high end tile in the bathrooms.
The first closings were in 2008. The building continued to sell into 2009 and then everything ground to halt. There was a lawsuit and all closings were halted. The developer went bankrupt. From the scuttlebutt I’ve heard, the current owners in the building are not happy campers. Punch lists were never completed, half the building was empty and there wasn’t a lot of hope.
Thankfully, the Floridian has been purchased by new owners. They’re getting ready to relaunch the building next weekend with an Open House on the 25th from 6-9pm. As you can see from the photo, workers are busy gussying up the building. Check out Urban Turf’s post about the pricing.
I think there’s a good chance that some of these units will sell. There’s not many new construction projects available. The property inventory is low. Buyers would like to take advantage of the tax credit. We’ll see what happens!
Last week I announced I was having my first Open at my new listing at 1727 R St, NW. It was a doozy! About 40 people attended. I wasn’t expecting the volume but I’m thrilled and so is my seller. 
