The Price Drops For Georgetown's Red Wall
Georgetown's most peculiar property for sale can now be yours at a slightly discounted price.
The red wall for sale near the corner of 30th and M Street NW (map) is now asking $46,000, down from its original price of $50,000 when it hit the market back in July. The price of the wall has been reduced by $1,000 every few months since it was listed.
story continues below
loading...story continues above
When a rowhouse is torn down, occasionally a wall is left standing. Demising walls are partitions that separate one tenant space from another. Because this type of wall usually separates adjacent properties, there are instances where the wall is not owned by either property owner. And that was the scenario for the red wall.
A bank adjacent to the Georgetown wall helped preserve it over the years, and owner Allan Berger offered it to friends as a canvas for artistic murals. He also unsuccessfully attempted to sell the wall to the owner of the adjacent 30th Street home.
The eventual buyer is probably someone that would want to use the wall for artistic or advertising purposes. However, any uses of that nature would need go before the Old Georgetown Board.
UrbanTurf will continue to monitor the wall until it finds a buyer.
See other articles related to: georgetown, georgetown wall, georgetown wall for sale
This article originally published at https://dc.urbanturf.com/articles/blog/the_price_drops_for_georgetowns_red_wall/21934.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
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. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro