Jared Powell and his agent, Jennifer Myers
Jared Powell has been living in DC, on and off, since coming here for college in the late 90s, but it wasn’t until a couple of years ago when he decided to set out in search of a home in the city.
With a Masters in urban planning and a blogroll full of development-oriented websites, Powell kept up with emerging neighborhood trends and was eager to invest in an up-and-coming area. ANC meetings, neighborhood festivals and community gardens appealed to him. “I wanted to be in an area where I could be part of a renewal,” Powell said. He set his sights on Shaw, Bloomingdale and the H Street Corridor.
Neighborhood boundaries chosen, Powell set about refining his particulars.
He knew he wanted a one-bedroom condo in a smaller building with relatively few amenities. “I didn’t want [a place with] a higher condo fee that would go towards an elevator or a front desk,” Powell said. He wasn’t interested in new construction, preferring to have a home in a building with some history, perhaps even a condo conversion in a warehouse. His dog had needs as well, so proximity to parks and gardens was a must. As with most buyers, outdoor space in the unit would be a major perk.
Powell had one more requirement that made his search surprisingly difficult: he wanted a defined dining area. He didn’t even need a dining room, just enough space to put down a real table.
Most one-bedrooms he looked at had a living room that opened to the kitchen, without the square footage for a dining area. “They would have a counter space where you could seat four people,” Powell recalls. “You can’t really entertain in that environment! You can’t sit down and have a traditional meal.”
Parameters in mind, Powell ended up looking at McGill Row, a north Bloomingdale building close to the McMillan Reservoir.
Though not a warehouse, McGill Row has an interesting history. Built as an apartment building in the 30s, the 38-unit building was purchased by developers in the mid-aughts with the intention of turning it into condos. Renovations were completed, but few sold, and the units reverted back to rentals. This year, the owners of the building decided to flip it back to condos, and have had more luck finding buyers this time around.
Powell walked through a 713-square foot one-bedroom in the building with three juliet balconies, and was drawn to the unit. He also liked the burgeoning feel of the neighborhood. “That whole retail strip has ‘coming soon’ in the windows,” thought Powell.
Best of all, there was space for a dining table.
Powell put in an offer. Due to the particulars of the CHIP loan that Powell chose, his bank wanted to wait until a certain number of units in McGill Row had sold before closing on the mortgage. Powell waited several months, watching Bloomingdale grow rapidly and anxious to get involved.
Once McGill Row attracted enough buyers, the bank moved forward. Powell closes on the home this week.
“I’m really excited — I want to go to my ANC meetings and see what that’s all about,” he said. “Hopefully I can be a part of making that area even better.”
This article originally published at http://dc.urbanturf.com/articles/blog/the_pursuit_dreams_of_a_dining_table_and_a_community/6065
Most Popular... This Week • Last 30 Days • Ever
The planned 8-unit development would be located on K Street right along the Potomac R... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The housing market last month was not as hot as September 2020, but that is probably ... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro