You could buy 16 tiny apartments at Massachusetts Avenue and D Street NE for the price of one new-construction rowhouse near the Capitol South Metro station.
The four-story townhouse at 23 D St. SE sold for more than any other residential property in Capitol Hill this year, according to data from the real estate firm Redfin. The 4,500-square-foot home sold in June for $2.85 million, the firm said. It has four bedrooms, four bathrooms, “multiple” wet bars and a roof deck with a view of the Washington Monument, the listing says.
“This is a very well-done, very well-maintained renovation with great light, great size and great space for hosting,” Redfin Capitol Hill agent Michael Alderfer said.
The Victorian townhouse at 610 Maryland Ave. NE was the second-most expensive property of the year. It sold for $2.45 million in July and has five bedrooms, 5.5 bathrooms and living rooms with 12-foot ceilings.
The third-most expensive home on the Hill is at 541 7th St. SE The five-bedroom house sold for $2.3 million in September. It has six bathrooms, a multi-tiered yard and a high-contrast interior with dark-colored floors and railings.
The biggest sold-over-list amount on the Hill this year was at 326 A. St. SE. The three-story townhouse in “poor” condition sold in September for $253,000 over list price, Redfin said. It sold in September for more than $1.25 million.
On the low end of the spectrum, the least expensive home that sold on the Hill this year was a 389-square foot studio at 201 Massachusetts Ave. NE. The condo sold in May for just $174,500, Redfin data shows.
“You see the pictures and you see everything. You’re seeing the entire room,” Alderfer said. “Bedrooms of the larger townhomes are bigger than this entire apartment.”
The second-cheapest home on the Hill this year was at 649 C St. SE. The one-bedroom sold for $180,000, with 747 square feet. No other information was public.
Another unit at 201 Massachusetts Ave. NE was the third-cheapest property, selling for $187,000 in April. The top-floor studio is 395 square feet, with a walk-in closet, the listing says.
For people in the market for the most grand and most modest properties, Capitol Hill has a common appeal.
“You can talk to your cousin in Colorado about Capitol Hill and that means something to him,” Alderfer said. “Capitol Hill is one of those neighborhoods that immediately evoke things for people.”
Alderfer predicted steady growth in Hill real estate.
“If trends hold, Capitol Hill will remain a very hotly contested, highly desired area, as more and more development happens,” he said. “Even when the rest of the market slows down a little bit, it still seems like a Capitol Hill home will have two three offers every time.”
Photos via Redfin