DC's Hidden Places: Corbin Place

• November 26th 2014

by Lark Turner

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In this week’s edition of Hidden Places, we head to the eastern boundary of Capitol Hill, where big homes on a small block have become a target for investors.

Corbin Place NE (map) is a one-way street off Tennessee Avenue between C and D Streets. There are about 25 similar Federal rowhomes on the street, which were built in 1914 and 1915.

The homes range in size from about 1,000 to 1,500 square feet and have between two and four bedrooms. Most of the homes have a one-bedroom apartment in an English basement.

Thanks to their family-friendly size and location — close to both H Street, Lincoln Park and Eastern Market — these homes have become attractive for renovators and investors. Four have sold in the last year, with two renovated properties going for more than $750,000. Just three years ago homes on the block were selling for closer to $400,000.

One of those two $750,000+ homes just recently went under contract after a mere three days on the market, and likely went over the list price of $769,000. Both of the homes where investors appear to have made large profits were purchased for under $500,000 months before they were flipped.

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• DC’s Hidden Places: Warren Street NE
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This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dcs_hidden_places_corbin_place/9270.