1818 37th St NW DC – Upper Georgetown/Burleith Neighborhood
Posted by Julie Fletcher // March 30, 2019
Referred to as "Upper Georgetown", the property AS-IS would be an excellent rental and could be rented as two units. An after-renovation appraisal was done on plans that include a third floor addition on the footprint of the current structure. The appraisal valued the renovated home at $1.945M. Additional value could be added with an expansion in the rear of the property. Many homes in the area sell above the $2M range.
Burleith homes are very desirable because of their close proximity to Georgetown, relatively large property lots, and a "village in the city" feeling. It is centrally located, within easy walking distance of Wisconsin Avenue shops and restaurants, served by frequent buses to downtown, and with quick access to major local highways. Burleith is home to the Duke Ellington School of the Arts and the Washington International School (primary campus). It is also adjacent to the French Embassy, Georgetown University and Georgetown Medical Center. It is home to a diverse mix of families, professionals and creatives, retirees, and students. The steady increase in sales prices continues to push home values higher while inventory remains low.