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STAGES Premier of Washington
1515 14th St NW
Washington, DC 20005
202-509-9587 - o
703-203-0652 - m
Pros: Is going to have all kinds of major development very soon, as they are tearing out the entire waterfront (thankfully) and will replace it with brand new hotels, shops, etc. It is extremely convenient to many things stated by others. It has a lot of potential.
Cons: There are many. The area surrounding it is public housing, and the entire area is rife with crime, gangs, and the dregs of society. You really have to be on your toes; if they ever get around to tearing down the public housing, life will improve significantly there. The condos and coops are not quite the bargain they are sold as; due to poor management the monthly fees are profane ($600+ for 1 bdr, $900+ for 2bdr per MONTH). Although they do cover utilities, this is not really a selling point because you will never pay more than $100-$150 per month on your own (max I paid in my townhouse in alexandria was $150 in dead of summer/winter). Don't buy the hype, it is outrageous and not worth it. Hopefully one day this will change, as soon as i can afford it I will sell and move someplace safer and with lower fees.
I think it would be a great choice. There's a definitive blog on the waterfront at: http://www.jdland.com/dc/index.cfm
There are some great resale condos in the area with reasonable fees, some of which include utilities. There are also some interesting co op opportunities Co ops can be a great choice as you often get more SF for the price. Fees appear higher but include things like taxes and some or all utilities. Special financing is needed for co ops. Tthere is 5% and 10% co op financing available in DC . Because the co op concept is not widely understood in our market, many lower priced units are stagnating on the market and have become great values with the right negotiation. There are a number of lenders poised to take advantage of this niche in the market with new co op financing options forthcoming. If you're not familiar with co ops and you'd like some information, check out my profile page and contact me. I'd be happy to help.
In terms of new construction, monthly fees at Velocity, the new condo building on the Capitol Riverfront, are reasonable but the building is still under developer control. The fees will likely rise down the road.
For a condo alternative, check out EYA's Capitol Quarter. Very nice. My clients love the new CR and feel the investment potential has shown itselt to be good so far.
I also love the river, the proximity to the golf course, highways, metro, Downtown, Capitol Hill. I just think its a great place to live! I would be happy to show you around and asssit you with your search. Visit my website @ http://www.ISellDChomes.com for free access to the MLS or email me to schedule an appointment. elugo@LNF.com
Southwest is a fabulous area that is continuing to change and be developed. The area has 4 metro stop areas (L'enfant Plaza, Federal Center SW, Waterfront/SEU and Navy Yard.) Southwest is also walking distance to the National's baseball Stadium, Capitol Hill, Arena Stage, Fishermans Warf (famous fish market), waterfront park, and several restaurants. The National Mall, Smithsonian museums and downtown DC are close by. People I have sold properties to in Southwest DC enjoy living there.
To get more inside and local information about Southwest DC, read the blog: http://swdcblog.com
Licensed in DC, MD, VA
W.C. & A.N. Miller (A Long & Foster Co.)
As a side note, I think this area is poised for terrific growth and appreciation over the next several years. That is, I think where you are considering purchasing will appreciate at a faster rate than the DC market overall.