Wednesday, July 27, 2022
Washington Fine Properties Summer Newsletter
The market this summer provides for an excellent environment for both buyers and sellers alike. As evidenced by the charts below, sales activity year-to-date has created a very solid base for confidence in the strength of the market. The four factors that drove the incredible spike over the past two years still exist in today's market; those drivers include the immense demand from the millennial boom, the lack of supply of homes available for sale, the change in homeowners wants and needs caused by the pandemic, as well as historically low interest rates. Buyers who have been frustrated and fatigued by the heated competition will find opportunities in the market ahead. Inventory will increase as sellers will now have more choices on where to move and will be comfortable listing their homes. We at WFP are excited about the return to a healthier, well-balanced market as the previous market was not sustainable. In times of caution, there is a flight to quality, and the agent/firm who represents you is now more important than ever.
Friday, July 8, 2022
Private Nature Retreat in Lovettsville, VA., For Sale For $3.5M
A buyer seeking privacy and nature would find plenty of both at this property in Lovettsville, Va. The Craftsman-style house is in Furnace Mountain Estates, a luxury community in western Loudoun County, not far from Leesburg, Va., or Fredrick, Md. It was built in 2006 by Kholer Custom Homes of Burke, Va. Because the first owners did not live in the house, P.J. and Steven Barger, who bought it in 2009, are the first occupants.
Friday, July 1, 2022
House adjacent to Congressional Country Club offered at $4.8M
"We're 11 miles from the White House," [Karen Fickes] said. "We can walk to the canal. ...It was very close to the schools that our kids were going to at the time. You can be in Tysons in 10 minutes; you can be at Montgomery Mall in seven minutes. ... The fact that you're as close to all of these places, but you have two acres that back up to Congressional [Country Club], and the entire neighborhood is one street, just one street, which ends in a cul-de-sac. It's incredibly quiet." Read more about HRL Partner's 8600 Country Club Lane here!
Tuesday, May 31, 2022
Washington Life's Power 100
Founded nearly 25 years ago, Washington Fine Properties is a preeminent independent real estate brokerage firm in the Nation's Capital Region. The four partners who run the firm in a very synergistic manner attribute their success to their 175+ agents, who are among the most experienced and market savvy in the region. WFP's annual average sales volume per agent and average sales price has put them at the top in the Mid-Atlantic States since inception. 2021 was the most successful year in the company's history with sales of $3.5B. The partners attribute the dramatic increase to "the Covid effect" - making "home" the number one priority for their clients. MLS stats reveal they achieved 14 of the top 20 sales in the District in 2021, with 13 of the top 20 contracts in 2022 YTD.
Friday, May 27, 2022
McLean, Va., House with Garden Oasis Lists for $3.5 Million
In 2011, when Leo Brooks first went with his real estate agent to see this property in McLean, Va., he didn't go into the house right away. Instead, he wandered to the back of the house, where he was smitten. "I walked through their side gate, came into the backyard," he said. "It was just amazing. It was summertime, and [there were] all these beautiful plants. They had this gorgeous looking pool and a private setting. Right then, I told myself, 'I don't know what it is going to look like on the inside, but it's going to be hard not to take this, just based on how the gardens look.'" The house, which he calls a "cottage in the woods," was built in 1963 but has been expanded over the years. The gabled roofs gave it a storybook appearance.
Thursday, May 26, 2022
$8.5M Colonial Estate in McLean Sits on 4.34 Picturesque Acres
This charming, sun-drenched colonial was originally built in 1921 and completely renovated with modern conveniences throughout in 2014. Perfectly sited on one of the highest points in McLean with panoramic views and 4.34 picturesque acres on tranquil Pine Hill Road. This charming estate is surrounded by mature landscaping and gardens providing unsurpassed privacy and a walking path to downtown McLean.
Friday, May 13, 2022
Renovated Georgetown House on the Market for $12 million
The red brick Federal-style house across the street from Georgetown Presbyterian Church has been home to several Washington insiders, a girls' school and a fictional character in a movie. And now, after a four-year renovation, it is looking for new owners.
Friday, May 6, 2022
Vernon and Ann Jordan's House For Sale For $5.9 Million
The home of Washington power couple Vernon and Ann Jordan in the Woodland Normanstone neighborhood of Northwest Washington is for sale for $5.9 million, down from $6.9 million. Vernon Jordan, who died last year, was described as "one of the most influential figures in Washington" in the obituary that ran in The Washington Post. A civil rights leader who became a confidant of presidents, congressional leaders and prominent business executives, Vernon Jordan was one of President Bill Clinton's closest advisers and a partner in the law firm Akin Gump Strauss Hauer & Feld. He also served on the boards of more than a dozen companies.
Wednesday, May 4, 2022
Elegance and Amenities Define This McLean Manor Home
It would take a while to list all of the amenities at this stunning five-bedroom manor in McLean. Residents get an impression of elegance as soon as they enter the two-story foyer with a curbed staircase. Formal living and dining rooms with moldings add to the charm, and a chef's kitchen provides plentiful cooking space.
Tuesday, May 3, 2022
The Story Behind an $8.8M, Two-Home, All-Cash D.C. Sale
At first blush, the record that showed up Thursday in D.C.'s Recorder of Deeds suggested an epic bidding war for a below-mansion-sized home in Wesley Heights, with the buyer paying nearly $2 million over asking price. But, it turns out, the buyer, a Delaware LLC called Ava's Creek, acquired two home simultaneously, paying nearly $9 million for 3000 and 3010 44th Place NW. Just your typical simultaneous two-home, all-cash luxury real estate transaction in the nation's capital. The larger of the two homes, 3000 44th Place, hit the market in February for $6.995 million, according to Realtor.com. The 6,000-square-foot, seven-bedroom and seven-bath home, owned by John and Suzanne King, was listed by Ted Gossett of Washington Fine Properties. The Colonial-style home sits on a 9,200-square foot lot. Next door, the 2,600-square-foot 3010 44th Place was also owned by the Kings - at one time, Gossett said, they intended to knock it down to expand their garden - and listed for sale separately in February for $1.8 million.
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