Wednesday, June 17, 2009

Foggy Bottom

In the radius of 0.3m from the Foggy Bottom Metro station, there are 22 rental units on the market. THe cheapest is $1,600/mo for a 1 bedroom unit, and the most expensive is $10,000/mo . It is a luxurious 3 level Penthouse at the Ritz Residences. They have just dropped!!! the price from $12,000/mo...
As for sales, as usual this is one of the most desirable places, if people are looking for urban living. There are more than 50 properties available as of today. The cheapest is $209,000 for a 1 bedroom on the ground floor. The most expensive one is over $4mln - it is a unit in penthouse: 3 bedroom and a den about 4,400 sq.ft.
There are 10 short sales at walking distance to the metro. $274,900 for a 1 bedroom unit (583 sq.ft) is the leasr expensive, and over 2mln for a 3 bedroom 3 full bath unit in West End (2,776 sq.ft.)
It is still a very good investment, simply because location is unbeatable. Invest today - the interest rates are still attractive.

No comments:

Post a Comment