A $350K Price Drop For DC's Most Intriguing Lofts
✉️ Want to forward this article? Click here.
The Pierce School
Back in October, UrbanTurf covered the Pierce School lofts, quite possibly the most unique property we’d ever featured, shortly before it entered the market. But the $7.25 million listing price may have been a little ambitious, and the price tag was reduced this past weekend by $350,000.
Owners Jeff Printz and Chris Swanson bought the Pierce School at 14th and Maryland Avenue NE (map) from the city for just $275,000 in 2000. Seven lofts and a crazy-cool owner’s unit later, the former school served as Printz and Swanson’s home (as well as that of seven renters) for several years. Despite garnering plenty of attention — the Huffington Post said the renovation was enough to make them “really want to go back to school” — the building has yet to attract a buyer. In addition to the price reduction, the owners also threw in four years of free property management for the building’s rental units.
The price reduction gives us a reason to take a look at this renovation eye candy again. Check it out:
The main living room
The home office
The kitchen
One of the loft rentals
For more, see our previous post on the property here.
Here’s the nitty-gritty:
Full Listing: 1375 Maryland Avenue NE (map)
Price: $6.9 million
Year Built: 1894
Listing Agent: Peter Lane, TTR Sotheby’s International Realty
Photos courtesy HomeVisit.
See other articles related to: capitol hill, dclofts, lofts, pierce school, pierce school lofts
This article originally published at https://dc.urbanturf.com/articles/blog/a_one-of-a-kind_home_gets_a_price_drop/8043.
Most Popular... This Week • Last 30 Days • Ever
A look at the closing costs that homebuyers pay at the closing table.... read »
3331 N Street NW sold in an off-market transaction on Thursday for nearly $12 million... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro