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DC’s Hidden Places: Corbin Place

by Lark Turner

DC's Hidden Places: Corbin Place: Figure 1

In this week’s edition of Hidden Places, we head to the eastern boundary of Capitol Hill, where big homes on a small block have become a target for investors.

Corbin Place NE (map) is a one-way street off Tennessee Avenue between C and D Streets. There are about 25 similar Federal rowhomes on the street, which were built in 1914 and 1915.

DC's Hidden Places: Corbin Place: Figure 2

The homes range in size from about 1,000 to 1,500 square feet and have between two and four bedrooms. Most of the homes have a one-bedroom apartment in an English basement.

DC's Hidden Places: Corbin Place: Figure 3

Thanks to their family-friendly size and location — close to both H Street, Lincoln Park and Eastern Market — these homes have become attractive for renovators and investors. Four have sold in the last year, with two renovated properties going for more than $750,000. Just three years ago homes on the block were selling for closer to $400,000.

DC's Hidden Places: Corbin Place: Figure 4

One of those two $750,000+ homes just recently went under contract after a mere three days on the market, and likely went over the list price of $769,000. Both of the homes where investors appear to have made large profits were purchased for under $500,000 months before they were flipped.

DC's Hidden Places: Corbin Place: Figure 5

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This article originally published at http://dc.urbanturf.com/articles/blog/dcs_hidden_places_corbin_place/9270

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