Three Hidden Treasures in the Washington DC Area
Found: Hidden treasures on Corbin Place, Groff Court and Snow’s Court.
Corbin Court –
Investors are focused on 25 large rowhomes on the eastern side of Capitol Hill. These hidden treasures are located on a small block of Corbin Place NE, a one-way street just off Tennessee Avenue. These 2- to 4-bedroom rowhomes, built in 1914 and 1915, lie between C and D Streets and range in size from 1,000 to 1,500 square feet. Most of these rowhomes include a one-bedroom apartment in an English basement.
Investors and renovators find these family-friendly-sized homes attractive because they are close to H Street, Lincoln Park and Eastern Market.
In this past year, four of these treasured rowhomes sold. Two of the four homes were purchased for about $500,000, renovated and went for more than $750,000. One of these two rowhomes received a contract for more than $750,000 after being on the market for only three days. This is considerably more than the $400,000 price these rowhomes were selling for just three years ago! Nice profit for flipping a home!
Groff Court –
Groff Court is a narrow, square-shaped court near Stanton Park. It is located between Union Station and Stuart Hobson Middle School. The hidden treasures here on this alleyway are a set of four rowhouses which seem oddly placed between the backs of homes and a condo complex which was built in 1989.
The rowhouses are older than the condos since they were built around 1900. The four two-bedroom rowhouses are smaller than the condos, too.
One of the condos sold for $700,000 last year, but most of the condos have sold for much less than the $700,000 asking price of one of the up-to-date Groff Court rowhouses. None have sold lately.
Snow’s Court –
Last, but not least, are the historic hidden treasures found on Snow’s Court near Foggy Bottom. Snow’s Court is a half-block stretch of rowhouses in the heart of DC’s most jam-packed neighborhoods. It is between 25th and 26th Streets NW. K Street is to the north, and I Street is to the south. The George Washington University Hospital is nearby, and it is not far from the Watergate.
The rowhouses on Snow’s Court are one- and two-bedroom homes that open onto an alleyway. Tall apartment complexes surround them.
Supporters for a Foggy Bottom Historic District say these hidden treasures found on Snow’s Court are one of DC’s first inhabited alleys.
After only six days of being listed, a two-bedroom, two-bathroom home on the block sold for $675,000 in August. The new owner turned around and put it up for rent for $3,300 a month. Wow! What a difference from 1914 when a transcript from a Senate hearing stating that Snow’s Court was “the worst reputation of any alleys in the city.” The alley went from being “the most disreputable and dangerous sections of the city” to becoming a hidden treasure!
Are you looking for a hidden treasure to own in DC, Maryland or Virginia? Give me a call! Contact Sheena Saydam of Saydam Properties at 202-243-7700 or email Sheena@SaydamProperties.com. I would love to show you these DC hidden treasures and your next home!