Housing Market

This article is in today's USA Today. Of interest is that median home prices in Washington DC are up 8.9%, even as sales volumes have dropped.

The house at the bottom of the page looks like it is in Eckington or Bloomingdale. Anyone know where?

Examiner Article on Eckington

New Development for 1901 Lincoln Rd

The eyesore that is 1901 Lincoln Avenue NE, has been sitting for years. The boarded-up apartment building in Eckington at Lincoln Road NE and T Street NE was sold for $4,000,000; one million lower than the asking price.

Recently, there have been workers gutting the place, and obvious signs of interior work. Thanks to Kris Hammond, who has found that the "Lincoln Road" Condos are being developed by KL Properties . This is the same group who is creating a development at 300 L St NE.

I hope to report on more on this in the coming days.

Another Housing Project for Eckington?

In addition to the infamous 181 occupant St. Martin's Housing project, news today has come that the decrepit and boarded up 1903 lincoln appartment building has been sold. Across the street, there are "luxury condos" being refurbished, for the bargain price of $200,000.

Here is a follow-up to an earlier post
1901, 1903 Lincoln Road NE Sold For $4,000,000

The boarded-up apartment building in Eckington at Lincoln Road NE and T Street NE
was sold for $4,000,000; one million lower than the asking price.

Here is the Remarks section of the MRIS record:
"Internet: Price also includes sale of adjacent building - 1903 Lincoln Rd. NE. Total of 24 VACANT 2 B/R APTS ON APPROX 15,500 sq ft of ground. Great for Condo Development or Planned Unit Development (PUD).Located in the heart of RED HOT Eckington. Just bocks to XM Radio, FEDEX,METRO - Easy access to downtown."
Here is the link to the MRIS entry: