Insight on Individual DC Condo Developments - Revitalization? (Washington: condominiums, buying)

[DanPz]

This is an ambitous request, nonetheless ... I'm a young professional currently in NOVA, working in NW, and interested in possibly buying a 2 BR condo in DC. Most of NW is out of my price range, and I'm intrigued by the options elsewhere in revitalizing areas while being a part of that process. According to CONDOAUTHORITY, the following are new condo developments around DC that may offer 2 BR for (or close to) $350K, or in some cases well under.

Are people with personal experience with individual developments and the surrounding areas willing to share their insights? Yes, I realize that this won't overall be as secure with as good schools as NOVA (and yes I'm also considering options in VA and MD) ... Any feedback very much appreciated! ... Thanks in advance.

NORTHWEST

1. Longfellow Condominiums
738 Longfellow St. NW, Washington, DC 20011

2. Soleil
912 Shepherd St. NW, Washington, DC 20011

3. The Prasada
739 Newton Pl. NW, Washington, DC 20010


SOUTHEAST

4. The Marley Ridge
4800 C St. NW, Washington, DC 20019

5. Blackstone Flats
4469 B Street, SE, Washington, DC 20019

6. Brandywine Crossing
717 Brandywine St. SE, Washington, DC

7. The Carlyle Condominium
1361 K St SE, Washington, DC 20003

8. Grandview Estates
1264 Talbert St. SE, Washington, DC 20020

9. The 420 Condominiums
420 16th St., SE, Washington, DC 20003

10. Hartford Circle
2832 Hartford St. SE, Washington, DC 20020

11. Highland Court
450 Condon Terrace SE, Washington, DC 20032

12. Keystone Condominiums
3956 Pennsylvania Ave. SE, Washington, DC 20020

13. Manor View Condominiums
910 Barnaby St. SE, Washington, DC 20032

14. Savoy Court
210 Oakwood Street, SE, Washington, DC 20032

15. The Pellegrino
5005 D St. SE, Washington, DC 20019

16. 8th Street Plaza
3201 8th St. SE, Washington, DC 20032

17. Capitol House
1628 C St. SE, Washington, DC 20003


NORTHEAST

18. Century Court
14 S St. NE, Washington, DC 20002

19. The Ilora
400 Evarts St. NE, Washington, DC 20017

20. Todd Place
310 Todd Place NE, Washington, DC 20002

21. Brookland House
2615 4th St NE, Washington, DC 20002

[jm67]

I can't really help regarding specific developments - I haven't seen them. The NW ones are in Petworth, which is a pretty ok area with new amenities moving in all the time. But... one idea would be to shy away from new construction. You will pay a premium for new construction and it may well depreciate for a time after you move in. Instead, think about an older less "hip" building, where you could buy a unit for less money, and then renovate to your tastes. Just an idea...

[akorosdc]

The ones in 20003 are near Capitol Hill (for the most part, I think) and the Potomac metro. From driving around that area it doesn't seem too bad.

I would just say do a lot of research in the area you're interested in, and keep in mind that "revitalization" can stall (so be semi-comfortable with the area, as-is).