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The $700,000 Bump in Georgetown

  • January 28, 2015

by UrbanTurf Staff

The $700,000 Bump in Georgetown: Figure 1
1055 High

1055 High is the seven-unit luxury project in Georgetown that sold out last year in a matter of weeks. Now, just over a month after the units settled, one of the three-bedrooms at 1055 Wisconsin Avenue NW (map) is back on the market at a notably higher price point.

Unit 4-W closed in early December for $4.65 million. The 3,300 square-foot condo was listed Tuesday for $5.3 million.

The $700,000 Bump in Georgetown: Figure 2
Unit 4W

While the price jump is significant, it is important to remember the demand associated with these residences. Priced between $3.6 and $5.5 million, all the condos went under contract within three weeks of hitting the market, and each sold to an all-cash buyer paying substantially over list price.

The $700,000 Bump in Georgetown: Figure 3

All of the units at 1055 High have expansive private terraces, large kitchens with Thermador and Miele appliances, and bathrooms with heated marble floors and towel racks. The building has a landscaped roof with a heated pool and fitness center, two parking spaces for each residence and a 24-hour concierge. 1055 High was developed by Eastbanc and designed by the architecture firm Beyer Blinder Belle.

The $700,000 Bump in Georgetown: Figure 4

Unit 4-W is listed by Mark McFadden of Washington Fine Properties. Full details here.

See other articles related to: georgetown, 1055 high

This article originally published at http://dc.urbanturf.com/articles/blog/the_700000_bump_in_georgetown/9458

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