Washington Fine Properties Generates Bidding War for Logan Circle Home
Posted by Lauren Hakim — August 28, 2013
WASHINGTON, D.C. – Washington Fine Properties (WFP) is pleased to announce the sale of 1112 Rhode Island Avenue in Washington, DC. With seven offers after just five days on the market, the home sold dramatically over its listed price.
The residence is located in Logan Circle, the fastest growing and most densely populated neighborhood in the District. The surge of new businesses, hip restaurants and boutique shops in this growing community confirms why people are making the move to the area. From move-in ready to fixer-uppers, homes in the bustling and diverse neighborhood are commanding an average price of $1.2 million with a typically speedy turnover time.
The home has a spacious, open floor plan with soaring ceilings, grand proportions and original hardwood floors throughout. The updated floor plan creates great flow from the dining room to the kitchen, which boasts top-of-the-line appliances. The lower level rental unit has been renovated to include hardwood floors, Silestone countertops and stainless steel appliances.
The current seller embarked on a major renovation of the five bedroom residence, which had once been a home for troubled youth. He added solar panels to the roof, cutting electricity bills by 25 percent. Solar renewable energy certificates generate another $560 per year as a refund annually.
Kimberly Casey and Daryl Judy of Washington Fine Properties represented the seller in the transaction.
“It’s in good condition, with a great floor plan, parking, outdoor space, and a rental unit. The neighborhood has everything people want for their lifestyle, all within walking distance,” says Casey.
About Washington Fine Properties
Washington Fine Properties (WFP) is recognized worldwide as one of the most successful carriage–trade real estate firms in the United States. More than one hundred of the most powerful agents in the Nation’s Capital Region combine the highest level of expertise and professionalism to provide unequalled brokerage services to both buyers and sellers. For four years in a row, Washington Fine Properties has been ranked #1 in the nation for “Highest Closed Sales Volume per Agent” and “Highest Average Sales Price per Sale” by REAL Trends. WFP also ranked #1 in sales over $1,000,000 in Washington, DC in 2012. Visit WFP online at www.wfp.com.