Sponsored Post: Large Victorian in LeDroit Park Just Listed (Development Opportunity)

  • July 8, 2010

by UrbanTurf Staff

UrbanLand Company has just listed 1859 3rd Street NW (map), a large Victorian just off the charming circle at 3rd and T Streets in LeDroit Park. The historic house is 1,900 square feet and sits next to two undeveloped lots, one of which has already received a building permit for a two-unit carriage house behind the main home.


“This is one of those properties that you drive by and say to yourself, ‘How do I find the owner of that and buy it?’” commented Gerard DiRuggiero, president and founder of UrbanLand Company.

The interior has been completely cleaned out, and the exterior has been beautifully restored with new windows and a new roof. (See some of the exterior details in the photos below.) In addition to the approved plans for the rentable two-unit carriage house in the back lot, there is also a potential rental unit in the home’s basement. The second lot sits adjacent to the house and could be developed or remain an open yard.

The home is perfect for a developer or a visionary home buyer who fantasizes about restoring a dream home in a classic Washington, DC Victorian manor. The sellers are in a great position for a joint venture because they have no debt on the project. There is also the chance for some seller financing.

“When the market comes off of a tear like we saw a few years ago, opportunities like these sometimes come up,” explained DiRuggiero, who compared the opportunity to buying one of the Victorians that surround Logan Circle in the late nineties.

UrbanLand Facebook fans
“Hear It First”

The house and two lots are listed at $1,450,000 for the package, though each of the three parcels is available for sale individually as well. Interested buyers should call DiRuggiero at 202-320-9976.

UrbanLand maintains an active Facebook page which it uses to notify its fans of opportunities like these, as well as events and other new developments, before the company announces them elsewhere.

“Our Facebook fans hear it first,” says DiRuggiero.


See other articles related to: urbanland company, sponsored articles, ledroit park

This article originally published at https://dc.urbanturf.com/articles/blog/sponsored_post_large_victorian_in_ledroit_park_just_listed/2239

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