DC's Auctioned Vacant Properties Gross $12.3 Million

• January 29th 2018

by Nena Perry-Brown

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A few weeks ago, UrbanTurf reported on the Department of Housing and Community Development's (DHCD) Vacant to Vibrant DC initiative, which included an auction of more than 30 vacant houses and lots throughout the city. Now, the gavel has sounded and the properties are on the way to becoming up to fifty units of workforce housing.

"The auction produced fantastic results," Matt Cooper of Alex Cooper Auction House shared with UrbanTurf. "We had over 1,000 inquiries on the properties and the auction brought in approximately $12.3 million. All the properties sold."

Each property was sold subject to affordability covenants and will have rental or sale amount caps upon completion. Below, we revisit each of the properties in order of purchase price, which includes a 5 percent buyer's premium:

Unimproved Lot(s):

• 1735-1737 10th Street NW (map): $903,000
• 700 Brandywine Road SE (map): $682,500
• 802 10th Street NE (map): $451,500
• 1620-1626 Galen Street SE (map): $420,000
• 10 Brandywine Street SE (map): $399,000
• 1621 Levis Street NE (map): $273,000
• 2814 28th Street SE (map): $273,000
• 62-64 Forrester Street SW (map): $262,500
• 157 Forrester Street SW (map): $220,500
• 2708 24th Street NE (map): $210,000
• 1247 Holbrook Terrace NE (map): $210,000
• 2413 Shannon Place SE (map): $168,000
• 2650 Myrtle Avenue NE (map): $157,500
• 560-562 Foxhall Place SE (map): $157,500
• 832 48th Street NE (map): $157,500
• 4442 B Street SE (map): $147,000
• 4226 Dix Street NE (map): $126,000
• 5033 Meade Street NE (map): $115,500
• 5302 F Street SE (map): $105,000
• 5328 James Place NE (map): $99,750
• 919 47th Place NE (map): $99,750
• 5308 E Street SE (map): $99,750
• 829 46th Street NE (map): $94,500
• 4319 Kane Place NE (map): $89,250
• 5034 Bass Place SE (map): $78,750

Vacant Houses/Buildings:

• 4326-4338 Halley Terrace SE (includes three buildings + adjacent lot) (map): $987,000
• 905 R Street NW (map): $913,500
• 1132 Columbia Road NW (map): $903,000
• 36 Channing Street NW (map): $808,500
• 1422 Shepherd Street NW (map): $766,500
• 523 Kennedy Street NW (map): $703,500
• 160 Adams Street NW (map): $546,000
• 4244 6th Street SE (map): $441,000

The unimproved lots at 709 Kenyon Street NW, 1109-1111 50th Place NE and 729 Quincy Place NW were removed from the auction list prior to the bidding opening.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dcs-auctioned-vacant-properties-gross-123-million/13503.