The Price Drops For Georgetown's Red Wall

• February 5th

by UrbanTurf Staff

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Georgetown's most peculiar property for sale can now be yours at a slightly discounted price. 

The red wall for sale near the corner of 30th and M Street NW (map) is now asking $46,000, down from its original price of $50,000 when it hit the market back in July. The price of the wall has been reduced by $1,000 every few months since it was listed. 

When a rowhouse is torn down, occasionally a wall is left standing. Demising walls are partitions that separate one tenant space from another. Because this type of wall usually separates adjacent properties, there are instances where the wall is not owned by either property owner. And that was the scenario for the red wall. 

A bank adjacent to the Georgetown wall helped preserve it over the years, and owner Allan Berger offered it to friends as a canvas for artistic murals. He also unsuccessfully attempted to sell the wall to the owner of the adjacent 30th Street home. 

The eventual buyer is probably someone that would want to use the wall for artistic or advertising purposes. However, any uses of that nature would need go before the Old Georgetown Board. 

UrbanTurf will continue to monitor the wall until it finds a buyer. 

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the_price_drops_for_georgetowns_red_wall/21934.