Thursday, February 23, 2006

Abandoned Building Near Washington Convention Center



Abandoned building located along the 600 block of L street NW in Washington, DC.

7 comments:

  1. It's a cozy fixer upper in an up and coming neighborhood.

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  2. Gawd damn, doesn't anybody in D.C. have any matches?!?

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  3. I like it. It looks historical. I'll give you everything I have now and for the next 30 years to get it.

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  4. I'll start the bidding. I will put down $750,000 for that property!

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  5. It would seem that our friendly neighborhood developer, Douglas Jemal, owns this property - along with at least 5 of its neighboring buildings/lots.

    It'll probably be demolished and replaced with something large in the next few years.

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  6. yeh, a parking lot!

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  7. In May 2001 there was a fixer upper 400 sq ft efficiency in River Park Mutual Homes, SW DC, 20024 listed for $18,500 it sold for the asking price. Coop fees were about $300 a month including utilities, taxes, and some basic cable channels. It was listed in August 2005 and sold in September for $106,000 about a couple thousand more than the listing price. I had to sell it after being mugged and receiving threats from the local criminal elements moving in and out of nearby housing projects. I had read some reports predicting a bubble during the summer. There were reports as early as 2002 of a bubble. The local price continued to rise but no where near the percentage rise I saw during the real estate boom.

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