As larger condos in the city begin to sell out and inventory remains low, it is nice to hear that there are some boutique developments that are now hitting the market to replenish the housing stock.
UrbanTurf has learned that The Matheson, a seven-unit condo conversion of a former row house at 1451 Harvard Street NW (map) in Columbia Heights, officially started sales last weekend. The goal with this development, according to Adam Stifel whose company CAS Riegler developed the project, was to create units with efficient layouts and high-end sustainable finishes at a low price point.
“Conversions of this boutique scale are usually full-floor luxury units,” Stifel told UrbanTurf. “Our target was to provide homes for buyers that are priced out of those projects, but want both the product amenities and walkability afforded by them.”
Living room of one of the units
The units are not only affordable, but pretty spacious.
There are three one-bedroom/one-baths priced from $225,000 to $275,000, three two-bedroom/one-baths from $350,000 to $375,000 and one two-bedroom plus den for $525,000. (The building is FHA-approved.) The floorplans range from 550 to 1,400 square feet with condo fees from $142 to $321 a month. There are three secure parking spaces available first-come, first-serve.
Living room into kitchen
Like most new developments, big or small, The Matheson has a number of green features including low-E efficiency windows, dual flush toilets, recycled carpets, FSC certified wide-plank hardwood and a reflective green roof, to name a few. Buyers will also be given two years worth of 100% Carbon Offsets via TerraPass. TerraPass calculates the emissions and environmental impact of a home and allows consumers to buy offsets in which the proceeds go to fund various forms of alternative energy, similar to an energy credit.
The balconies at The Matheson
The Matheson is already garnering a fair amount of interest: a couple previews have resulted in three of the units already going under contract, at or above the asking price.
Two more units will go on sale this weekend. For sales information, click here. More photos below.
Door to balcony.
This article originally published at http://dc.urbanturf.com/articles/blog/the_matheson_dcs_newest_boutique_condo_project/2198
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