2701 32ND STREET NW WASHINGTON DC 20008
$ 6,890,000
  5   |    5 Full  1 Half   |    5300 Sq Feet

Listing ID

#DCDC2259850

Property Type

Detached

Property Style

French

County

WASHINGTON-DC

Neighborhood

MASSACHUSETTS AVENUE HEIGHTS

Year Built

1930

Description
Rarely does an acre of land become available in one of Washington's most blue-chip, insulated neighborhoods. Offered as a combined package at $6,890,000 or individually as the existing residence at $3,895,000 and the two adjacent parcels at $2,995,000, this assemblage represents one of the most significant development and estate opportunities in the city. The existing home is a stately European-inspired red-brick residence from the 1930s with a striking turret, original fireplaces, exposed beam ceilings, leaded glass windows, and five bedrooms across five levels with an attached two-car garage. A collaboration between BarnesVanze Architects and CAS Engineering has produced a comprehensive feasibility study with full zoning analysis, site engineering, 3D models, floor plans, and color renderings for multiple development scenarios. The heavy lifting has been done. The recommended program calls for two residences: Lot A expanding the existing home to approximately 7,000 to 8,000 square feet, and Lot B as a new ground-up estate targeting approximately 15,000 to 17,000 square feet with curated outdoor living and security. Both scenarios are entirely by-right under current zoning. One block away, HEIDER represented the sale of a then eight-year-old residence that closed at a number that defined the ceiling of the Washington luxury market at the time. With the right program, this assemblage presents a comparable opportunity to create and capture value at the highest level the city's residential market has to offer.
Location
Financial Information
List Price:  $ 6890000
Taxes:  $ 61873
Property Features
Basement:  Connecting Stairway, Daylight, Full, Fully Finished, Side Entrance, Walkout Level, Windows
Construction Materials:  Brick
Cooling:  Central A/C
Foundation Details:  Concrete Perimeter
Heating:  Forced Air
Other Structures:  Above Grade
Water Source:  Public
Listed By:     TTR Sotheby's International Realty