Here’s a first time home buyer focus neighborhood that doesn’t get a lot of attention. Deanwood, located east of the Anacostia River up in the “corner” of the NE border, offers some of the lowest housing prices in the District.
“We’ve been generating sales since 2007 in Deanwood for value-conscious buyers and investors who really want that low price,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “The neighborhood is a little off the beaten path but offers a convenient METRO on the orange line and a new recreation center and library that is open and very popular.”
The mentioned rec center is a huge investment in the neighborhood by the city. The project received $33 million in funding to build a 63,000 sq. ft. rec center and library that offers residents public access computers, a gym, playing fields, a pool and a huge playground for kids of all ages. In addition to the recent investment by the city, the neighborhood’s Houston Elementary School recently revampedits facilities and front lawn.
“This zone has had quiet investment from the city in a big way, and it’s gotten the neighborhood on the right track,” continued DiRuggiero. “There wasn’t much in the way of wholesome or safe activities for kids or teenagers – the rec center has solved that issue and is very busy day and night.”
Housing prices are low and the mix includes row homes, duplexes and smaller single family homes. Each block of Deanwood offers a slightly different feel. Parts feel more suburban and are full of duplexes with large yards and decks/patios. Other areas include basic brick row homes or simple frame single family homes, often just two bedrooms.
This 3BR Deanwood listing has over 1,500 sq. ft., is fully renovated & is listed for just $209,987 with included spiral staircase & luxury kitchen! Listing details.
“If you’re a buyer who wants to stop renting and has time on their side, this is a strong neighborhood to invest in. When you count out the rec center and school upgrades, it’s just about the only thing officially going on. There’s been almost no new retail yet, even though there is an existing commercial area to the neighborhood,” said Gerard. “It’s just a matter of ‘when’ for when new businesses start to arrive. This will start to drive up housing prices in a good way. It doesn’t hurt to be early to the homeowner party in Deanwood!”
Here’s more homes currently available for sale in Deanwood. Anyone with questions on how to buy in Deanwood should attend one of our $0 Down Home Buyer Workshops – they’re free of charge, offered on Tuesday nights and Saturday mornings, and have become a place where 1st time buyers have successfully purchased over $15.5 million in DC/MD homes the last 2 years! RSVP to check times and space!