Friday, September 28, 2007

Shocking: Mar '07 Sold at $2.7 Mil - Sept '07 Listed at $6 Mil

The Address...2216 Wyoming Ave NW

Todays blog comes more of a shock than anything else. Back when I was working with Long and Foster my associate Juan Antonio listed an 11,000 sq ft home in Kalorama. I was usually the one holding the Open Houses but it was an absolute mansion...and if I may say, quite possibly one of the most incredible private residences I have come across in the city. At the time it was a disheveled mess. Before we listed the previous owner had ratified with a buyer outside without the use of a Realtor. Before settlement the buyer had begun gutting the home and removing all fixtures as well as the kitchen . As Murphy's Law goes...what can go wrong will. And it did. Settlement fell apart and the house was left a mess. This is where we came in. After ratifying a contract on the home was sold to a Jessica Mccann, of 4818 Yuma St NW, who after six months of what I am sure was a tedious renovation, just relisted the home for a whopping $6 Mil two days ago.

The old listing stated: Ovr 11K sqft of mixed use prop. w/an amazing structural design (10+ ft. ceilings, oversized bedrooms). The xterior boasts a spacious rf deck, and sizeable car garage. Located in the most coveted rsidential nghbrhood of the Nation's Capital. Modest interior enables design to your liking. Golden opportunity in Kalorama!

The new listing states: Masterful renovation with utmost regard for Mediterranean Revival heritage. Substantial Kalorama residence with the finest finishes & modern technology. Embassy-sized entertaining spaces, 5 car pkg, chef's kitchen, service kitchen, all new baths, 1500 bottle wine cellar, expansive roof patio, private back garden, fabulous lower level easily convertible to home offices.

WOW. What are your thoughts?

1 comment:

poo poo said...

wow is right.

however, i do think it'll sell at that price. i used to know the former saudi ambassador to the UN. his country paid $18 million a year to rent an apartment for him in new york.

a house like this would be a bargain for a rich country to purchase for their dignitaries....