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Georgetown District of Columbia predates Washington
DC by nearly a century. Georgetown District of Columbia began as
a tobacco port in the early 18th century. Its situation below the
falls of the Potomac made it the most convenient seaport for inland
plantations and the developing Piedmont area. In 1751, the Provincial
Assembly of Maryland appointed commissioners to survey and lay out
a town around the port to be called Georgetown. By 1789, Congress
had named Georgetown an official port of entry for Maryland. Three
years later, Georgetown was possibly the largest tobacco port in
the nation with wharves stretching from Rock Creek to what is now
Key Bridge; it remained a thriving commercial center for several
decades but by the end of the Civil War its importance had declined.
In 1871, it became part of the territory of the District of Columbia.
After 1871, as the City of Washington
expanded in all directions, society began to ignore Georgetown.
Landlocked, it became another quiet neighborhood which continued
to grow since its location made it convenient and its small-town
feel made it popular. The restoration of Georgetown District of
Columbia began in the 1920s and continued through the 1930s and
after the Second World War. Georgetown District of Columbia was
declared a National Historic Landmark in 1967.
To live in Georgetown District of
Columbia today is to live in the midst of history. A few homes remain
which date from as early as 1700. Landmarks include Georgetown University,
the C and O Canal, the Old Stone House on M Street (1765), Evermay
built between 1801 and 1810 and Tudor Place, now a house museum,
which was built between 1805 and 1816 by Martha Washington’s
granddaughter, Martha Parke Custis, and her husband Thomas Peter.
Of all the neighborhoods in Washington, Georgetown District of Columbia
contains the highest number of older and historic homes from all
periods.
Eleven single family homes sold in Georgetown during June 2008. A 3BR/1.5BA semi-detached built in 1900 across from Rose Park took 659 days to sell (including a year's tenancy) for $895,000. A 1986 town home on Winfield was on the market for 271 days before selling for $1,425,000, $70,000 less than list. The oldest home (2BR/2.5BA) which settled in June 2008 was built on 34th Street in 1884 and sold in three days. Homes that were well-priced for their condition tended to move within days rather than months. Eleven condominiums and cooperatives sold in June 2008, ranging from an efficiency at 2516 Que Street which listed for $455,000 and sold for $370,000 in 25 days to a 3BR/3.5BA unit at 3303 Water Street listed for $4,500,000 and sold for $4,100,000 in 50 days. With the exceptions of these outliers, most condos had been on the market from a week to three before going under contract.Good buys are always possible, particularly if you have a local market expert to help you. Alix Myerson and Aelita Brolis are experienced real estate professionals with nearly eighteen years experience between them, overseeing more than $100,000,000 of real estate transactions. For true local and knowledgeable
service in the Georgetown District of Columbia real estate market,
call Alix at 202-361-5798 or Aelita at 703-201-0322.
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