Tag Archives: Realty Pros

Property of the Week: The Icon Condominium

LOCATION The Icon condominium is a 5-story, 19-unit building developed by The Bundy Development Corporation. It is located at 1320 13th Street NW, in the Logan Circle neighborhood. This building was built in 2003 and walking distance to McPherson metro station, local restaurants, and grocery stores. The Icon Condominium is a great addition to Logan […]

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What are Mortgage Escrow Accounts?

A common question from first-time homebuyers when purchasing their home is “What is a Mortgage Escrow Account?” A Mortgage escrow account is used to help borrowers save money for property taxes and homeowners‘ policy premiums. Escrows can help prevent financial mistakes and it puts you at ease to know your bank is responsible for paying […]

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Why is the Tax Assessed Value is not a measure of market value??

During many listing presentations, I’ve had many sellers debate the value of their home based on the tax assessed value. The sad truth is that the tax assessed value is not a direct reflection of the current market value. The issue is that the local tax assessor’s office will assess properties every 1-3 years. Needless […]

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Dear homebuyer: Do not fall in love w/ the house

A common obstacle which arises when first-time homebuyers look for their first home is “Falling in love with a home!” Now somebody might say, “What’s the big deal? Isn’t the whole point to fall in love with the home you are going to purchase it?” The truth is falling in love with a home can […]

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What are Special Assessments?

Every condo owner dreads these two words: SPECIAL ASSESSMENT! The common reason why a condo has a special assessment is simply poor planning by the condo association. Special assessments are always often controversial and expensive. What is a special assessment? A special assessment is a fee approved by a homeowners association to cover items, usually […]

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Property of the Week: Lofts 11

LOCATION The Lofts 11 condominium is a 9-story, 27-unit building developed by Taurus Development Group. It is located at 1125 11th St. NW, in the Logan Circle neighborhood. This contemporary high-rise building was built in 2007 and is within walking distance to Mt. Vernon Metro, local restaurants, and grocery stores. Lofts 11 Condominium was designed […]

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DC Neighborhood Projects: Georgetown Waterfront Park

After 30 years the final phase of the Georgetown Waterfront park has been completed. What is the Georgetown Waterfront Park? Georgetown Waterfront Park will become the largest national park created in the Nation’s Capital in 30 years since Constitution Gardens in 1976. The Georgetown Waterfront Park provides a outdoor space for recreation and relaxation. It […]

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Medical Homebuying Programs: Doctor Loan Programs

Over the past few years, I have had clients who were in the medical profession that decided to purchase a home. There are numerous grants and loan programs which specifically cater to doctors and nurses, such as SunTrust Bank’s Doctor Loan Program. What is the Doctor Loan? We have created The Doctor Loan Program to […]

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DC Commercial Real Estate: Tenleytown

In an effort to keep readers informed about washington dc commercial real estate, I will be highlighting spaces for lease in various neighborhoods. 4530 Wisconsin Ave. NW The previous tenant of this space was marvelous market. It is located 1 block from the Tenleytown/American University metro station at the corner of River Rd. NW and […]

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DC Neighborhood Projects: CityMarket at O

I was recently jogging down the N Street NW near the Convention Center and I noticed that the Giant grocery store on 7th and O was closed. There were also signs of a new construction project about to break ground at corner of 7th Street and O. The new condominium projects is called CityMarket at […]

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