Home | Newsletter | Advertise

From $78,500 to $1.1 Million in Lanier Heights

  • April 30th 2013

by Shilpi Paul

✉️ Want to forward this article? Click here.

From $78,500 to $1.1 Million in Lanier Heights: Figure 1

As an indication of how dramatically home prices have shot up in certain parts of the District, check out this Lanier Heights home that has appreciated fourteenfold in 20 years.

We wrote about the renovated rowhouse a little over a month ago when it was listed for just south of $1 million. In addition to four bedrooms in the main house, the home has the added benefit of a one-bedroom apartment on the lower level, currently renting for $1,150 per month.

The quiet, convenient-to-the-zoo locale was likely a draw as well, and the house managed to attract a lot of attention: it recently sold for $1.13 million, $132,500 over the initial asking price of $997,500.

But most interesting is the appreciation of the home over the past few decades: in 1994, it sold for a mere $78,500.

  • Address: 1847 Ontario Place NW (map)
  • Asking Price: $997,500
  • Sales Price: $1.13 million
  • Bedrooms: Five
  • Bathrooms: 3.5
  • Year Built: 1910
  • Days on the Market: 6

From $78,500 to $1.1 Million in Lanier Heights: Figure 2

From $78,500 to $1.1 Million in Lanier Heights: Figure 3

From $78,500 to $1.1 Million in Lanier Heights: Figure 4

From $78,500 to $1.1 Million in Lanier Heights: Figure 5

See other articles related to: dclofts, lanier heights, under contract

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/from_78500_to_1.1_million_in_lanier_heights/7001.

Pipeline: New Condos & Apartments Coming to the DC Area

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse