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.
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.
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.
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: Groff Court
- DC’s Hidden Places: Snow’s Court
- DC’s Hidden Places: Caroline Street
- DC’s Hidden Places: Dent Place
- DC’s Hidden Places: Hillyer Place
- DC’s Hidden Places: Warren Street NE
- DC’s Hidden Places: Gessford Court
- DC’s Hidden Places: Bending Lane
- DC’s Hidden Places: French Street NW
- DC’s Hidden Places: Parker Street
- DC’s Hidden Places: Georgetown’s Orchard Lane
- DC’s Hidden Places: Wylie Street
See other articles related to: hidden places
This article originally published at http://dc.urbanturf.com/articles/blog/dcs_hidden_places_corbin_place/9270
Most Popular... This Week • Last 30 Days • Ever
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The housing market last month was not as hot as September 2020, but that is probably ... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
The latest installment of Above Asking revisits two recently-featured listings in the... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... 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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro