The Bloomingdale Inn Hits the Market, With a Twist

• November 28, 2012
• 5 Comments

by Shilpi Paul

The Bloomingdale Inn

The owners of the Bloomingdale Inn have re-listed their property – this time, with a twist.

The ten-bedroom inn, which spans two adjacent row houses, has been on and off the market since 2010. Previously, the owners listed the bed and breakfast as one large listing at a price of $1.3 million. At that price, it failed to find a buyer.

This time, it appears that buyers have the option of buying one of the houses or the entire ten-bedroom inn (both 2417 and 2415 1st Street NW). The six-bedroom house at 2417 1st Street NW emerged on the market today. The second will also be on the market soon, though that home has a few more complications: there is no kitchen or main staircase. As a result, the home, which also has fewer bedrooms, will be offered for $615,000.

In the past few years, several of DC’s bed and breakfasts have shown up for sale, either because of dwindling business or because the owners simply wanted to take advantage of DC’s strong housing market. Success has been varied: Dupont Circle’s Swann House was originally listed at $6.95 million in March, but it is still on the market after several price reductions and is currently asking $5,399,995. Shaw’s DC Guesthouse dropped from $4 million to a final sale price of $1.95 million after a year on the market.

More details about the Bloomingdale Inn below.

• Full Listing: 2417 1st Street NW (map)
• Price: $650,000
• Bedrooms: Six
• Bathrooms: Four
• Listing Agent: Suzanne Des Marais, Keller Williams Capital Property

This article originally published at http://dc.urbanturf.com/articles/blog/the_bloomingdale_inn_for_sale_in_two_pieces/6353

5 Comments

1. mona said at 9:40 pm on Wednesday November 28, 2012:
   will a regular person be able to buy a house that has no kitchen and use regular financing? I would think the appraiser would get in there and see no kitchen and have issue. Especially if it is a VA loan

1. newbs said at 10:08 pm on Wednesday November 28, 2012:
   The Kalorama Guest House sold for below asking and was promptly converted into 10 condos that each sold for more than $389K: http://www.redfin.com/DC/Washington/1852-Mintwood-Pl-NW-20009/home/21956138 Unless a person wants to run a B&B or really wants to convert the property into a dream home, selling to a developer like that seems to be the only option

1. Suzanne Des Marais said at 12:07 am on Thursday November 29, 2012:
   I'm the listing agent for the Bloomingdale Inn at 2417 1st St NW. I have it noted in the listing that the seller is considering offers with renovation financing or cash. Renovation financing is actually not that complicated and with interest rates below 4%, can be a great value for creating exactly the house you want.

1. jj said at 11:28 pm on Thursday November 29, 2012:
   Such a shame that Swann House is for sale. Such a beautiful property and an asset to the community. It is listed at a very reasonable price per square foot for a property of its quality and location. The problem is the pool of buyers for very large houses is very very small and is a multi-year waiting game. There are a dozen large homes for sale in upper north west in desirable locations, all of which have been sitting on the market for awhile. This is why it made sense to divide up the Bloomingdale Inn. Few people need or want that much space. Swann House will find a buyer in due time and I doubt it will be a developer--for a developer to tackle it, it would have to be a much much lower price point to turn a profit.

1. Suzanne Des Marais said at 3:33 pm on Wednesday December 5, 2012:
   The Bloomingdale Inn is now officially under full contract.