Georgetown Neighborhood of Washington DC Real Estate Analysis

History

Early history

The Old Stone House, built 1765, is one of the oldest buildings in Washington, D.C.

Situated on the fall line, Georgetown was the farthest point upstream that oceangoing boats could navigate the Potomac River. In 1632, English fur trader Henry Fleet documented a Native American village of the Nacotchtank people called Tohoga on the site of present-day Georgetown and established trade there.[1] The area was then part of the Province of Maryland, a British colony.

George Gordon constructed a tobacco inspection house along the Potomac in approximately 1745. The site was already a tobacco trading post when the inspection house was built. Warehouses, wharves, and other buildings were then constructed around the inspection house, and it quickly became a small community. It did not take long before Georgetown grew into a thriving port, facilitating trade and shipments goods from colonial Maryland.[2]

In 1751, the legislature of the Province of Maryland authorized the purchase of 60 acres (240,000 m2) of land from Gordon and George Beall at the price of £280.[3] A survey of the town was completed in February 1752.[4] Since Georgetown was founded during the reign of George II of Great Britain, some speculate that the town was named after him. Another theory is that the town was named after its founders, George Gordon and George Beall.[citation needed] The Maryland Legislature formally issued a charter and incorporated the town in 1789.[5] Robert Peter, an early area merchant in the tobacco trade, became Georgetown’s first mayor in 1790.[6]

Col. John Beatty established the first church in Georgetown, a Lutheran church on High Street. Stephen Bloomer Balch established a Presbyterian Church in 1784. In 1795, the Trinity Catholic Church was built, along with a parish school-house. St. John’s Episcopal Church was built in 1803. Banks in Georgetown included the Farmers and Mechanics Bank, which was established in 1814. Other banks included the Bank of Washington, Patriotic Bank, Bank of the Metropolis, and the Union and Central Banks of Georgetown.[7]

Newspapers in Georgetown included the Republican Weekly Ledger, which was the first paper, started in 1790. The Sentinel was first published in 1796 by Green, English & Co. Charles C. Fulton began publishing the Potomac Advocate, which was started by Thomas Turner. Other newspapers in Georgetown included the Georgetown Courier and the Federal Republican. William B. Magruder, the first postmaster, was appointed on February 16, 1790, and in 1795, a custom house was established on Water Street. General James M. Lingan served as the first collector of the port.[7]

In the 1790s, City Tavern, the Union Tavern, and the Columbian Inn opened and were popular throughout the 19th century.[8] Of these taverns, only the City Tavern remains today, as a private social club (the City Tavern Club) located near the corner of Wisconsin Avenue and M Street.

Establishment of the federal capital

George Washington frequented Georgetown, including Suter’s Tavern where he worked out many land deals from there to acquire land for the new Federal City.[9] A key figure in the land deals was a local merchant named Benjamin Stoddert, who arrived in Georgetown in 1783. He had previously served as Secretary to the Board of War under the Articles of Confederation. Stoddert partnered with General Uriah Forrest to become an original proprietor of the Potomac Company.[10]

Stoddert and other Potomac landowners agreed to a land transfer deal to the federal government at a dinner at Forrest’s home in Georgetown on March 28, 1791. Stoddert bought land within the boundaries of the federal district, some of it at the request of Washington for the government, and some on speculation. He also purchased stock in the federal government under Hamilton’s assumption-of-debt plan. The speculative purchases were not, however, profitable and caused Stoddert much difficulty before his appointment as Secretary of the Navy to John Adams. Stoddert was rescued from his debts with the help of William Marbury, later of Marbury v. Madison fame, and also a Georgetown resident. He ultimately owned Halcyon House at the corner of 34th and Prospect Streets.[10] The Forrest-Marbury House on M Street is currently the embassy of Ukraine.

After the establishment of the federal capital, Georgetown became an independent municipal government within the District of Columbia, along with the City of Washington, the City of Alexandria, and the newly created County of Washington and County of Alexandria (now Arlington County, Virginia).

19th century

Georgetown around 1862. Overview of the C&O Canal, Aqueduct Bridge at right, and unfinished Capitol dome in the distant background.

By the 1820s, the Potomac River had become silted up and was not navigable up to Georgetown. Construction of the Chesapeake & Ohio Canal began in July 1828, to link Georgetown to Harper’s Ferry, Virginia (now West Virginia). The canal was completed on October 10, 1850, at a cost $77,041,586. The canal turned out not to be profitable, never living up to expectations with construction of the Baltimore & Ohio Railroad.[11]

The Canal nonetheless provided an economic boost for Georgetown. In the 1820s and 1830s, Georgetown was an important shipping center. Tobacco and other goods were transferred between the canal and shipping on the Potomac River. As well, salt was imported from Europe, and sugar and molasses were imported from the West Indies.[7] These shipping industries were later superseded by coal and flour industries, which flourished with the C & O Canal providing cheap power for mills and other industry.[12] In 1862, the Washington and Georgetown Railroad Company began a horsecar line running along M Street in Georgetown and Pennsylvania Avenue in Washington, easing travel between the two cities.

Sailing vessels docked at the Georgetown waterfront, ca. 1865

The municipal governments of Georgetown and the City of Washington were formally revoked by Congress effective June 1, 1871, at which point its governmental powers were vested within the District of Columbia.[13] The streets in Georgetown were renamed in 1895 to conform to the street names in use in Washington.[14]

By the late 19th century, flour milling and other industries in Georgetown were declining, in part due to the fact that the canals and other waterways continually silted up.[15] Nathaniel Michler and S.T. Abert led efforts to dredge the channels and remove rocks around the Georgetown harbor, though these were temporary solutions and Congress showed little interest in the issue.[16] An 1890 flood and expansion of the railroads brought destitution to the C&O Canal, and Georgetown’s waterfront became more industrialized, with narrow alleys, warehouses, and apartment dwellings which lacked plumbing or electricity. Shipping trade vanished between the Civil War and World War I.[17] As a result, many older homes were preserved relatively unchanged.

20th century

P Street NW features conduit streetcar tracks installed in the 1890s, unused since 1960

In 1915, the Buffalo Bridge (on Q Street) opened and connected this part of Georgetown with the rest of the city east of Rock Creek Park. Soon thereafter, new construction of large apartment buildings began on the edge of Georgetown. In the early 1920s, John Ihlder led efforts to take advantage of new zoning laws to get restrictions enacted on construction in Georgetown.[18] A 1933 study by Horace Peaslee and Allied Architects laid out ideas for how Georgetown could be preserved.[19]

The C & O Canal, then owned by the Baltimore & Ohio Railroad, formally ceased operations in March 1924. After severe flooding in 1936, B & O Railroad sold the canal to the National Park Service in October 1938.[20] The waterfront area retained its industrial character in the first half of the 20th century. Georgetown was home to a lumber yard, a cement works, the Washington Flour mill, and a meat rendering plant, with incinerator smokestacks and a power generating plant for the old Capital Traction streetcar system, located at the foot of Wisconsin Avenue, which closed in 1935, and was demolished in October 1968. In 1949, the city constructed the Whitehurst Freeway, an elevated highway above K Street, to allow motorists entering the District over the Key Bridge to bypass Georgetown entirely on their way downtown.

In 1950, Public Law 808 was passed, establishing the historic district of “Old Georgetown.”[21] The law required that the United States Commission of Fine Arts be consulted on any alteration, demolition, or building construction within the historic district.[22]

Georgetown is one of the more affluent neighborhoods in Washington and home to many of the politicians and lobbyists. Georgetown’s landmark waterfront district’s was further revitalized in 2003 and includes upscale hotels such as a Westin, a Ritz-Carlton, and a Four Seasons.[23] Georgetown’s highly traveled commercial district is home to a variety of specialty retailers and fashionable boutiques.

Notable residents

Shops along Wisconsin Avenue

Thomas Jefferson lived for some time in Georgetown while serving as vice president under President John Adams.[24] Georgetown was home to Francis Scott Key who arrived as a young lawyer in 1808 and resided on M Street. Dr. William Beanes, a relative of Key, captured the rear guard of the British Army while it was burning Washington during the War of 1812. When the mass of the army retreated, they retrieved their imprisoned guard and took Dr. Beanes as a captive to their fleet near Baltimore. Key went to the fleet to request the release of Beanes, was held until the bombardment of Fort McHenry was completed, and gained the inspiration for “The Star-Spangled Banner“.

Alexander Graham Bell‘s earliest switching office for the Bell System was located on a site just below the C&O Canal, and it remains in use as a phone facility to this day. Bell originally moved to Georgetown due to the numerous legal hearings related to telephone patents, but then later created the Volta Laboratory and stayed on due to the area’s profusion of scientific and technical organizations which became established in the region.[25][26]

John F. Kennedy lived in Georgetown in the 1950s as both a Congressman and a Senator. Parties hosted by his wife, Jackie, and many other Georgetown hostesses drew political elites away from downtown clubs and hotels or the upper 16th Street corridor. Kennedy went to his presidential inauguration from his townhouse at 3307 N Street in January 1961.

Current residents include Secretary of State John Kerry, past Washington Post Editor Ben Bradlee, Washington Post Watergate reporter and current assistant managing editor Bob Woodward, former Secretary of State Madeleine Albright, and Montana Senator Max Baucus, among others.

For More Information Georgetown Neighborhood of Washington DC Visit http://en.wikipedia.org/wiki/Georgetown_%28Washington,_D.C.%29

Washington Real Estate Market Stats

Average Home Values

Price Distribution


Home Averages

$528,100 Average Price
1,292Avg Home Size
1936Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $463,700 $175,600
Median Single Family Home Value $488,400 $175,300
Median Condo Value $456,500 $178,400
Median 2-Bedroom Home Value $475,100 $135,100
Median 3-Bedroom Home Value $481,700 $169,300
Median 4-Bedroom Home Value $741,100 $284,300
Percent Homes Decreasing 19.3% 27.6%
Percent Listing Price Reduction 31.9% 36.7%
Median List Price Per Sq Ft $432 $112
Median List Price $434,800 $215,000
Median Sale Price $528,100 $215,500
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $2,331 $2,081
Turnover (Sold Within Last Yr.) 5.2% 4%
Median Value Per Sq Ft $442 $120
1-Yr. Change 8.1% 6.6%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Local vs National Demographics

 LocalNational
Median Household Income 40,127 44,512
Single Males 23.7% 14.6%
Single Females 24.7% 12.5%
Median Age 36 36
Homes With Kids 19.3% 31.4%
Average Household Size 2 2
Average Commute Time (Minutes) 30 26

Washington Real Estate Listings

Active Listings in Washington

2849 MCGILL TER NW Washington, DC 20008
Photo of 2849 MCGILL TER NW, Washington, DC 20008 (MLS # DC9004925)
6 beds 8 baths 6,888 sqft $4,500,000
2400 FOXHALL RD NW Washington, DC 20007
Photo of 2400 FOXHALL RD NW, Washington, DC 20007 (MLS # DC8482624)
7 beds 8 baths 8,100 sqft $7,000,000
3321 N ST NW Washington, DC 20007
Photo of 3321 N ST NW, Washington, DC 20007 (MLS # DC8482536)
5 beds 6 baths $3,950,000
3150 SOUTH ST NW, Unit 2A Washington, DC 20007
Photo of 3150 SOUTH ST NW, Unit 2A, Washington, DC 20007 (MLS # DC8482510)
3 beds 4 baths 3,400 sqft $3,400,000
1905 FOXVIEW CIR NW Washington, DC 20007
Photo of 1905 FOXVIEW CIR NW, Washington, DC 20007 (MLS # DC8481318)
6 beds 7 baths $3,695,000
4609 CHARLESTON TER NW Washington, DC 20007
Photo of 4609 CHARLESTON TER NW, Washington, DC 20007 (MLS # DC8479770)
6 beds 6 baths $3,599,999
2852 MCGILL TER NW Washington, DC 20008
Photo of 2852 MCGILL TER NW, Washington, DC 20008 (MLS # DC8479762)
5 beds 9 baths $5,850,000
2501 49TH ST NW Washington, DC 20007
Photo of 2501 49TH ST NW, Washington, DC 20007 (MLS # DC8479578)
6 beds 5 baths $3,950,000
3540 VAN NESS ST NW Washington, DC 20008
Photo of 3540 VAN NESS ST NW, Washington, DC 20008 (MLS # DC8478687)
6 beds 7 baths 6,774 sqft $2,903,540
1609 31ST ST NW Washington, DC 20007
Photo of 1609 31ST ST NW, Washington, DC 20007 (MLS # DC8478523)
5 beds 5 baths 4,104 sqft $4,500,000
2913 UNIVERSITY TER NW Washington, DC 20016
Photo of 2913 UNIVERSITY TER NW, Washington, DC 20016 (MLS # DC8475892)
6 beds 6 baths $3,295,000
4675 KENMORE DR NW Washington, DC 20007
Photo of 4675 KENMORE DR NW, Washington, DC 20007 (MLS # DC8474693)
5 beds 5 baths $2,600,000
1852 BILTMORE ST NW Washington, DC 20009
Photo of 1852 BILTMORE ST NW, Washington, DC 20009 (MLS # DC8473371)
8 beds 7 baths 6,000 sqft $2,399,999
2475 KALORAMA RD NW Washington, DC 20008
Photo of 2475 KALORAMA RD NW, Washington, DC 20008 (MLS # DC8471806)
6 beds 6 baths $3,690,000
1326 RIGGS ST NW Washington, DC 20009
Photo of 1326 RIGGS ST NW, Washington, DC 20009 (MLS # DC8471992)
4 beds 5 baths 4,000 sqft $2,199,000
3528 RESERVOIR RD NW Washington, DC 20007
Photo of 3528 RESERVOIR RD NW, Washington, DC 20007 (MLS # DC8471890)
5 beds 5 baths $2,495,000
36001/2 ALBEMARLE ST NW Washington, DC 20008
Photo of 36001/2 ALBEMARLE ST NW, Washington, DC 20008 (MLS # DC8470568)
5 beds 6 baths 5,100 sqft $2,195,000
1807 KALORAMA SQ NW, Unit 4 Washington, DC 20008
Photo of 1807 KALORAMA SQ NW, Unit 4, Washington, DC 20008 (MLS # DC8467138)
5 beds 5 baths 4,554 sqft $2,895,000
3422 36TH ST NW Washington, DC 20016
Photo of 3422 36TH ST NW, Washington, DC 20016 (MLS # DC8467122)
5 beds 4 baths $2,095,000
513 C ST NE Washington, DC 20002
Photo of 513 C ST NE, Washington, DC 20002 (MLS # DC8466948)
5 beds 7 baths $3,595,000

Sold Listings in Washington

5000 Palisade Ln Nw Washington, DC 20016
Photo of 5000 Palisade Ln Nw, Washington, DC 20016 (MLS # DC8461719)
5 beds 7 baths $0
3600 Ordway St Nw Washington, DC 20016
Photo of 3600 Ordway St Nw, Washington, DC 20016 (MLS # DC8454043)
6 beds 5 baths $0
3303 Water St Nw #E-7 Washington, DC 20007
Photo of 3303 Water St Nw #E-7, Washington, DC 20007 (MLS # DC8451133)
2 beds 3 baths 1,848 sqft $0
3325 N St Nw Washington, DC 20007
Photo of 3325 N St Nw, Washington, DC 20007 (MLS # DC8443344)
4 beds 6 baths $0
4814 Dexter St Nw Washington, DC 20007
Photo of 4814 Dexter St Nw, Washington, DC 20007 (MLS # DC8438343)
5 beds 8 baths $0
3303 Water St Nw #N-8 Washington, DC 20007
Photo of 3303 Water St Nw #N-8, Washington, DC 20007 (MLS # DC8430634)
4 beds 5 baths 3,754 sqft $0
2700 Virginia Ave Nw #1101 Washington, DC 20037
Photo of 2700 Virginia Ave Nw #1101, Washington, DC 20037 (MLS # DC8430765)
3 beds 4 baths 2,970 sqft $0
3251 Prospect St Nw #R-402 Washington, DC 20007
4 beds 3 baths 3,600 sqft $0
3310 P St Nw Washington, DC 20007
Photo of 3310 P St Nw, Washington, DC 20007 (MLS # DC8427090)
5 beds 6 baths $0
3251 Prospect Street Nw #402 Washington, DC 20007
4 beds 3 baths 3,600 sqft $0
1319 30th St Nw Washington, DC 20007
Photo of 1319 30th St Nw, Washington, DC 20007 (MLS # DC8419714)
6 beds 8 baths $0
1732 S St Nw Washington, DC 20009
Photo of 1732 S St Nw, Washington, DC 20009 (MLS # DC8414524)
2 beds 4 baths $0
3043 P St Nw Washington, DC 20007
Photo of 3043 P St Nw, Washington, DC 20007 (MLS # DC8408503)
6 beds 5 baths $0
3403 36th St Nw Washington, DC 20016
Photo of 3403 36th St Nw, Washington, DC 20016 (MLS # DC8391605)
4 beds 6 baths $0
4948 Lowell St Nw Washington, DC 20016
Photo of 4948 Lowell St Nw, Washington, DC 20016 (MLS # DC8387013)
7 beds 6 baths 5,891 sqft $0
2605 31st St Nw Washington, DC 20008
Photo of 2605 31st St Nw, Washington, DC 20008 (MLS # DC8386584)
5 beds 5 baths $0
1310 Rhode Island Ave Nw Washington, DC 20005
Photo of 1310 Rhode Island Ave Nw, Washington, DC 20005 (MLS # DC8385116)
5 beds 5 baths 5,211 sqft $0
2501 Pennsylvania Ave Nw #Ph2a Washington, DC 20037
Photo of 2501 Pennsylvania Ave Nw #Ph2a, Washington, DC 20037 (MLS # DC8384134)
2 beds 3 baths 2,355 sqft $0
1314 30th St Nw Washington, DC 20007
Photo of 1314 30th St Nw, Washington, DC 20007 (MLS # DC8382451)
6 beds 5 baths $0
3631 Tilden St Nw Washington, DC 20008
Photo of 3631 Tilden St Nw, Washington, DC 20008 (MLS # DC8382408)
5 beds 5 baths 4,500 sqft $0

Walk Score for Washington



Washington School Data

Washington School Districts

District Of Columbia Public Schools
PK-12 & ungraded
http://dcps.dc.gov/portal/site/DCPS/
Cesar Chavez Public Charter Schools for Public Policy
9-12
http://www.chavezschools.org/
Community Academy Public Charter School (Capcs)
K-8
http://www.capcs.org/
The Next Step Pcs
9-12 & ungraded
Carlos Rosario International Pcs
K-2 & ungraded
Eagle Academy Pcs
PK-3
Two Rivers Public Charter School Agency
PK-8
Appletree Early Learning Center Pcs
PK
Bridges Pcs
PK-1
Early Childhood Academy Pcs
PK-3
Youth Build Pcs Layc)
10-12 & ungraded
The William E. Doar, Junior Public Charter School for the Performing Arts
PK-5
http://www.wedjschool.us/
Education Strenghtens Families Pcs
PK
Washington Latin Public Charter School
9-12
http://www.edline.net/pages/Washington_Latin_PCS
Septima Clark Pcs
PK-6
Arts And Technology Pcs
PK-5
Booker T. Washington Pcs
9-12 & ungraded
Capital City Pcs
PK-12
Cesar Chavez Public Pcs
6-12
http://www.chavezschools.org/
Community Academy Pcs
PK-8
http://www.capcs.org/
D.C. Bilingual Pcs
PK-5
D.C. Preparatory Academy Pcs
PK-8
http://www.dcprep.org/
E.L. Haynes Pcs
PK-10
Friendship Pcs
PK-12
http://www.friendshipschools.org/
Hope Community Academy Pcs
PK-8
http://www.hopecommunitycs.org/
Hospitality Pcs
9-12
Cedar Tree Academy Public Charter School
PK-K, 7-8
http://www.howardroadacademy.org/
Howard University Middle School Of Math And Science
6-8
Perry Street Preparatory Pcs
PK-12
Integrated Design Electronics Academy Idea)
7-12
Ideal Academy Pcs
PK-8
https://www.iapcs.com/
Kipp Academy Pcs
PK, 1-12
Latin America Youth Bilingual Montessori
PK-5
Mary Mcleod Bethune Pcs
PK-8
Maya Angelou Pcs
6-12 & ungraded
Meridian Pcs
PK-8
Nia Community PCS
PK-6
Options Pcs
6-12
Paul Jhs Pcs
6-9
Potomac Lighthouse Pcs
PK-7
Roots Pcs
PK-8
Sail PCS
K-8
Seed Pcs
6-12
St. Coletta Special Education Pcs
PK-12 & ungraded
Elsie Whitlow Stokes Communtiy Freedom Pcs
PK-6
Thurgood Marshall Academy Pcs
9-12
Tree Of Life Pcs
PK-8
Two Rivers Pcs
PK-8
http://www.tworiverspcs.org/
Washington Latin Pcs
5-12
http://www.edline.net/pages/Washington_Latin_PCS
Washington Math Science Pcs
9-12
William E. Doar Jr Pcs
PK-8
http://www.wedjschool.us/
Achievement Preparatory Academy Pcs
4-8
Center City Pcs
PK-8
http://www.centercitypcs.org/
Imagine Southeast Pcs
PK-7
National Collegiate Prep
9-12
Washington Yu Ying Pcs
PK-5
Dyrs
7-12 & ungraded
Excel Academy Pcs
PK-5
Inspired Teaching Demonstration Pcs
PK-5
Shining Stars Montessori Pcs
PK-1
Richard Wright Pcs For Journalism And Media Arts Pcs
8-12
Basis Dc Pcs
5-9
Creative Minds Pcs
PK-2
Dc Scholars Pcs
PK-3
Mundo Verde Bilingual Pcs
PK-1
Ingenuity Preparatory Pcs
PK-K
Sela Pcs
PK-2
Somerset Pcs
n/a
State Operative Agency
n/a

Washington Schools

Murch Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/murch
Moten Elementary School
PK-5, public
http://www.motenes.org
Montgomery Elementary School
PK-6, public
Miner Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/miner
Meyer Elementary School
PK-5, public
Merritt Middle School
PK-8, public
McGogney Elementary School
PK-6, public
Roosevelt High School @ MacFarland
9-12, public
http://www.dcps.dc.gov/DCPS/roosevelt
M.C. Terrell / McGogney Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/mc-terrell
Takoma Education Campus
PK-8, public
http://www.takomaec.org
Stanton Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/stanton
Duke Ellington School of the Arts
9-12 & ungraded, public
http://www.dcps.dc.gov/DCPS/ellington
Sousa Middle School
6-8, public
http://www.dcps.dc.gov/DCPS/sousa
Shaw Middle School @ Garnet-Patterson
6-8, public
http://www.dcps.dc.gov/DCPS/shaw
Ron Brown Middle School
6-8, public
http://www.dcps.dc.gov/DCPS/ron-brown
Shaed Education Campus
PK-8, public
Shadd Elementary School
n/a, public
Seaton Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/seaton
Savoy Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/savoy
Rudolph Elementary School
PK-6, public
Ross Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/ross
River Terrace Elementary School
PK-5, public
Randle Highlands Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/randle-highlands
Shepherd Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/shepherd
Marie Reed Elementary School
PK-5, public
http://www.dcps.dc.gov/DCPS/mariehreed