Sale of Columbia Heights Home Sets New Bar For Neighborhood

by Mark Wellborn

1300 Fairmont Street NW

Columbia Heights was one of the first DC neighborhoods over the last decade to be dubbed transitional, explode with a flurry of development along its main avenue, and see a marked population shift.

Home prices in the area did what they usually do when this perfect storm occurs: they rose. However, for the most part, the home value increase was largely restricted to the low to mid six-figure price range where one and two-bedroom condos saw notable appreciation. A recent sale may be indicative that the price increases are extending into the upper brackets.

1300 Fairmont Street NW (map), a 5,000 square-foot home that UrbanTurf featured at the end of 2010, recently sold for $1.4 million, making it the most expensive single-family home to ever sell in Columbia Heights. While the $1 million barrier has already been broken in the area a few times, the Fairmont home sold for about $300,000 more than any other single-family residence. Prior to its sale, the highest-priced home to sell was a house on Kenyon Street for $1.125 million.


It should be noted that the five-bedroom home is massive and was extensively renovated over the last several years. It now features three decks, a gated parking area for three cars, a lower level that now has a home office but could be a separate apartment, a completely renovated kitchen and a master suite on the top floor that has a gas fireplace and a custom-built multi-media system

Granted the house sold at about a $200,000 reduction from its original list price of $1.599 million, but nevertheless, its purchase price is noteworthy.

“The $1 million dollar sales price was a barrier in Columbia Heights for years,” Brandon Green, listing agent for 1300 Fairmont, told UrbanTurf. “I predict we will start to see many more sales of well renovated homes exceed $1 million.”

See other articles related to: dclofts, columbia heights

This article originally published at http://dc.urbanturf.com/articles/blog/sale_of_columbia_heights_home_highest_ever_for_neighborhood/3858


  1. Bon nuit said at 4:32 pm on Monday July 25, 2011:

    I love the interior. If you do a price per sf calculation, it comes out as a pretty good deal.

  1. Rob said at 5:06 pm on Monday July 25, 2011:

    Welcome to Housing Bubble II, the sequel…

  1. linda said at 6:38 pm on Monday July 25, 2011:

    Pretty amazing for Col Heights!

  1. Scoot said at 10:42 am on Tuesday July 26, 2011:

    $1.4m for 5000 sqft is not a bubble.  That’s $280/sqft, actually low for the area.

  1. UnoTres said at 2:23 pm on Tuesday July 26, 2011:

    Actually a great price - however, the rest of Columbia Heights is the real bubble

  1. HouseInvestor said at 2:18 pm on Wednesday July 27, 2011:

    Agree with Rob.  Bubble or not, purchasing the most expensive house in the neighborhood is never a good investment idea.

  1. Jennifer said at 8:17 pm on Sunday July 31, 2011:

    HouseInvestor…what if they just want to live in it and enjoy it?  Per square foot it’s a great price.  If they live in it ten years, I have little doubt they will may a conservative profit on the investment whilst having enjoyed the property as a lovely home.  The D.C. market is poised to surge ahead as soon as the economy gets back on track.

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