Thursday, August 13, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Common Question from Real Clients

What findings from a home inspection should raise serious red flags? I am looking to buy a fixer-upper, so I expect that there will be a number of issues with the house, but what are the things that, if they come up, I should run from the deal because they are going to be too much hassle to fix or are indicative of larger issues with the home?

Red flags are relative to the buyer and their budget. Typically the biggest budget busters are structural issues or water related issues, and often these go hand in hand.

In this market many of the “fixer-upper” houses are short sales and foreclosures where routine maintenance and even major repairs have been delayed far too long. What a buyer needs to understand is that the initial home inspection may only be scratching the surface and that experts in different fields may be able to shed more light on the situation.

My team routinely arranges for structural engineers, waterproofing experts, contractors, and others to evaluate the initial finding of the home inspector and estimate the cost to mitigate such problems. The biggest mistake a buyer can make is not investigating red flags to their fullest extent. To just walk away from a deal, or to just accept the initial findings without additional information would be foolish in my opinion.

A good agent is able to help their buyer line up the right experts to educate their buyer about the problem and potential repair costs. The agent can then help their client make the decision that makes sense for that buyer based on their desires and budget.

Thursday, August 06, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Frank Lloyd Wright's Kentuck Knob

Two years ago my wife and I visited FLW's Falling Water in western Pennsylvania and just last week we returned to the region to visit another FLW masterpiece at Kentuck Knob .

Both houses are well worth the time and money to visit if you are ever in the Laurel Highlands of Pennsylvania, just outside of Pittsburgh and about 3.5 hours from the DC region. As a lover of houses, architecture and design I was particularly interested, but even if you are just a casual observer of architecture, you will enjoy a visit to these homes.

One unique bit of info that we learned on the tour of Kentuck Knob is that the family that commissioned FLW to design the home desperately wanted a garage but FLW thought garages were just places to store junk and would only design a carport into the plans for the house, see picture below.


I thought this was fascinating for two reasons. First, I totally agree that garages are a place to store junk. All you have to do is come to Brookland and see mine for a prime example! Second, I love that FLW is able to tell his client what they can and cannot do with the house they are paying him to design. It would be as if someone hired me as their Realtor and then when they liked a house I told them no because of my personal beliefs about the neighborhood, location, condition, etc. FLW must have been a real character, and at this point in his career I guess if people didn't like his suggestions it really didn't matter to him since it was his way or the highway!

Anyhow, a visit to either of these houses is well worth your time. I am happy to share more info about the houses and the area if you plan to take a trip that way, just email me at Michael@RealAstute.com.

Thursday, July 30, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

District Properties with Unpaid Taxes to be Sold at Public Auction in September

(Washington, DC) - The District of Columbia Office of Tax and Revenue (OTR) announced today that it is advertising for sale at public auction more than 5200 commercial and residential real property tax liens, for unpaid property taxes for the 2008 tax year. The sale runs from 8:30 am to noon and 1 pm to 4 pm September 9-11, at the 941 North Capitol Street, NE, 4th Floor, Training Room A, Washington, DC 20002.

A list of all properties by parcel, square, suffix, and lot number, with the name of the owner of record and the unpaid tax amount, will be advertised:

July 22: The Current Newspapers
July 23: The Washington Post, The Washington Times and The Washington Informer.

To register, prospective bidders must make a deposit of at least 20 percent of their total bid and a $150 Tax Sale fee will be added to each property at the time of the sale. Purchasers are also required to complete Form FR-500, Combined Business Tax Registration Application, prior to registering. The form can be found on OTR’s Web site at www.taxpayerservicecenter.com under “Tax Forms/Publications.”

OTR will conduct four free public seminars to explain the Tax Sale procedures to prospective bidders. The seminars will be conducted at 941 North Capitol Street, NE, Washington, DC, on the 4th floor, on the following dates:

August 19: 10 am to Noon and 2 pm to 4 pm
August 20: 10 am to Noon and 2 pm to 4 pm.

Property owners with unpaid taxes have until the date of the auction to pay the taxes due to avoid having their properties sold. To pay or inquire about the status of a delinquent property, call the OTR Customer Service Center at (202) 727-4TAX (4829) or visit the Customer Service Walk-In Center at 941 North Capitol Street, NE, on the 1st floor.

For more information on the Tax Sale process, visit the Real Property Service Center (www.taxpayerservicecenter.com) under “Tax Sale.”

Last year, 1,366 liens were sold, and a total of $21.3 million in delinquent tax revenue was collected.

Click HERE for a PDF of the complete list of properties.

Thursday, July 16, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Coming Up Short, More And More

More and more lenders are starting to allow their borrowers to sell their homes for less than what they are worth in what's called a "short sale". This can mean great deals for those of you that are looking, and a sigh of relief for some sellers.

To read the full article in the Washington Post by Renae Merle, click here.

Friday, July 10, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Potomac Greens Creating a Sense of Community

Between the wine-and-cheese block parties, casual mixers and Easter egg hunt, this neighborhood has built a sense of community for those that live here. Residents share a real camaraderie and genuinely care about the future of the subdivision.

To read the full article written by Amy Reinink in The Washington Post, click here.

Thursday, July 02, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Fab in Fort Dupont Park!

Check Out our Great New Listing!

1507 Fort Dupont ST SE

Washington, DC 20020

3 Bedrooms | 1.5 Bathrooms

This light-filled 3 bedroom/1.5 bathroom semi-detached mid-century modern home has been renovated from head (new roof!) to toe (basement rec room!). Open floor plan downstairs features living/dining room with recessed lights, beautiful moldings and gleaming hardwoods. Granite counters, stainless steel appliances, ceramic tile backsplash and floors in the chef's kitchen. Upstairs 3 good sized bedrooms and a renovated full bath with granite and ceramic. Basement is a carpeted and ready to be your fun TV room, an office or even a 4th bedroom, plus there is a half bath and washer/dryer down there! Well landscaped yard with parking pad out back. Ready for your pickiest buyer!

For more information, please visit www.BestFortDupont.com

Please feel free to contact me at Michael@RealAstute.com or 202-369-9821 with any questions!

Thursday, June 25, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Lance Armstrong Selling His Texas Estate

Lance Armstrong cuts the price on his estate in Dripping Springs, Texas from $12 million to $10.5 million. Built in 2003, the 4,241-square-foot home has five bedrooms, five bathrooms and an infinity-edge pool. The 447-acre property includes seven miles of hike-and-bike trails and 1,886 feet of frontage on the Pedernales River.

You can follow Lance on Twitter here.


Thursday, June 18, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Carpenter Bees

Have you ever wondered why we recommend having a "Termite and Wood Boring Insects" inspection when you purchase a home? It’s because these types of pests can do real damage to homes if they are left untreated. Carpenter Bees are one of the many types of wood boring insects that inspectors look for when surveying a property for infestation. Our friends at US Inspect have a wonderful section on their website called “Resources for you” which goes into great detail about different insects that can cause damage to the home. For Carpenter Bees they say:

The carpenter bee (Xylocopa spp.) hollows out wood to create nests called galleries. The carpenter bee does not live in the nest but stays in the nest to rear their young. The nest opening is a perfect half-inch circle. The nest itself may extend anywhere from four (4) inches (for a new nest with one bee) to 10 feet (for older nests with several bees). Carpenter bees generally nest in weathered or unpainted wood. They lay their eggs in the nest and seal them with a chewed wood pulp plug. The bees then emerge from the hole in the Spring.

Treatment
To properly eliminate a carpenter bee infestation, the proper chemicals or dust must be injected directly into the exit hole. The opening is then sealed by gluing a half-inch dowel into the opening and painting the surface. To prevent an infestation of carpenter bees, it is important to paint or stain any bare wood surfaces. Once the chemical or dust is introduced into the exit hole, the hole must be glued with a 1/2 inch dowel and painted over. To prevent an infestation of Carpenter bees, it is important to paint or stain a home's bare wood surfaces.

For more information about termite and wood boring insect inspections, visit www.USInspect.com or contact our team at Info@RealAstute.com. Be sure you don’t buy a house without the right inspections!

Friday, June 12, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Hill Residents Hear Hine Proposals

The Washington Business Journal published a great article on four development teams that were in the running for developing the Hine Jr. High School property.

Click here to read the full article!

Friday, June 05, 2009

Feeling Nosy about DC? MD? VA?

Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.

Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?

If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)

Christian Science Church, Maples House Top Endangered List

Washington Business Journal - by Marc Leh

From the highly publicized Christian Science Church downtown to the little known Maples house on Capitol Hill, the D.C. Preservation League is back again with its list of most endangered historic properties in D.C.

Rebecca Miller, executive director of the D.C. Preservation League, announced the list Tuesday at the site of an on the list, the Maples, 619 D St. SE near Eastern Market. The D.C. nonprofit has published the list annually since 1996, hoping to draw attention to Washington’ historic and cultural landmarks most threatened by ill-advised alteration, demolition through neglect or abandonment.

The Maples, one of Capitol Hill’s oldest residences, was built between 1795 and 1798 for William Duncanson, personal friend to George Washington and Thomas Jefferson. Although the property has gone through periods of neglect and prosperity during its 135-year history, recent developers hope to restore it to its former state. Friendship House, as it’s affectionately called, once served as the home of Francis Scott Key, Sen. John Clayton, and Major Augustus Nicholson.

Another of this year’s entries, the Third Church of Christ Scientist, 900 16th St., NW, is particularly endangered, given the recent decision by Planning Director Harriet Tregoning, acting as the mayor’s agent, to allow the church to proceed with demolition so it can build a new one. Built in 1971, the complex was designed by I.M. Pei partner Araldo Cassutta. While church’s “brutalistic” concrete design has its champions and critics, it has been cited for architectural excellence by various publications, including Architecture magazine. The church’s efforts to raze the building has ignited passions on both sides.

The other properties on the list are:

The Foundry Branch Trolley trestle (crossing Foundry Branch of Potomac River in Glover Archbold Park, just north of Canal Road NW). This line, constructed in 1900, was used by Washingtonians to access the Glen Echo Amusement Park in southern Maryland. All tracks have been removed from the former trolley line, but the right-of-way still serves as a trail along the Potomac River overlooking D.C.’s Palisades neighborhood.

The Barney Circle neighborhood — bounded by Potomac Avenue, 17th Street, Kentucky Avenue and Pennsylvania Avenue SE just east of Capitol Hill — was developed to provide affordable housing for people moving to Washington following World War I. As housing prices and rents have increased in recent years, developers have moved to build larger houses there.

Mead’s Row, 1305-1331 H St. NE, comprises row houses with two living levels above retail storefront shops. A proposal to build a new parking lot for H Street’s up-and-coming restaurant/bar scene threatens these unique properties.

The Superintendent’s House, 5211 Little Falls Road NW, a two-story Civil War-era home, and the adjacent Dalecarlia Reservoir are National Historic Landmarks. The Washington Aqueduct, owner of the property, recently proposed to demolish the building. DCPL officials have encouraged the aqueduct to either rehabilitate the building or lease it to a user who would better maintain it.

Three of the structures are repeats from last year: the church, the Foundry Branch Trolley trestle and the Barney Circle neighborhood.

Miller said preservation needs to be a community effort. “It’s not as productive to have preservation put down on someone as it is to have it percolate from the residents,” she said.

Row Homes in Barney Circle