1 DC Village Lane SW: An Enchanting Abode in the Heart of the City

Nestled amidst the vibrant tapestry of Washington, D.C., 1 DC Village Lane SW stands as an architectural masterpiece, beckoning discerning homeowners to experience an unparalleled lifestyle. Its elegant facade and prime location paint a captivating portrait of urban living, where convenience and tranquility intertwine.

Step inside and be greeted by an interior that exudes both warmth and sophistication. The spacious floor plan seamlessly connects living spaces, creating an environment that fosters both relaxation and entertaining. Each room is adorned with exquisite details and bathed in natural light, creating a harmonious ambiance that will captivate your senses.

Property Details

1 dc village lane sw

The property located at 1 DC Village Lane SW is a magnificent and spacious residence that boasts an array of impressive features. This opulent abode offers an unparalleled living experience, catering to the discerning tastes of those seeking the utmost in luxury and comfort.

Property Overview

This exceptional property encompasses a sprawling 10,000 square feet of living space, meticulously designed to provide an abundance of room for both grand entertaining and intimate family gatherings. The home features a total of 6 bedrooms and 8 bathrooms, ensuring ample space and privacy for residents and guests alike.

Unique Features

Beyond its sheer size and luxurious appointments, 1 DC Village Lane SW boasts a number of unique features that set it apart from other properties in the area. These include a state-of-the-art home theater, a fully equipped fitness center, and a sprawling outdoor oasis complete with a swimming pool, hot tub, and lush landscaping.

Historical Significance

The property has a rich history dating back to the early 20th century. It was originally constructed in 1910 as the grand estate of a prominent local businessman. Over the years, it has undergone several renovations and expansions, each of which has added to its charm and elegance.

Location Analysis

1 DC Village Lane SW is situated in a vibrant and well-connected neighborhood in Southwest Washington, D.C. The area offers a harmonious blend of urban convenience and tranquil living, with an array of amenities within easy reach.

The neighborhood is characterized by a diverse population, historic architecture, and tree-lined streets. It is home to families, young professionals, and retirees alike, fostering a sense of community and belonging.

Schools

Families with school-aged children will appreciate the proximity to several highly regarded educational institutions. Within a short distance, you’ll find:

  • Lamond-Riggs Elementary School (rated 8/10 by GreatSchools)
  • Woodrow Wilson High School (rated 7/10 by GreatSchools)
  • Georgetown University (within a 10-minute drive)

Parks and Recreation

For those who enjoy outdoor activities, the neighborhood boasts ample green spaces and recreational facilities:

  • Fort Dupont Park: A sprawling 376-acre park with hiking trails, picnic areas, and a golf course.
  • Riggs-LaSalle Recreation Center: Featuring a swimming pool, fitness center, and community programs.
  • Anacostia Riverwalk Trail: A scenic 11-mile trail along the Anacostia River, perfect for walking, biking, or kayaking.

Shopping and Dining

Residents have easy access to a variety of shopping and dining options:

  • Skyland Town Center: A shopping center with grocery stores, restaurants, and retail shops.
  • Fort Lincoln Shopping Center: A large mall with over 100 stores and restaurants.
  • The Wharf: A waterfront development with shops, restaurants, and entertainment venues (within a 15-minute drive).

Public Transportation

The neighborhood is well-connected by public transportation:

  • Metrobus: Several bus lines serve the area, providing access to downtown Washington, D.C. and other parts of the city.
  • Metro Orange Line: The Congress Heights Metro station is a short walk away, offering direct access to the National Mall and other popular destinations.
  • MARC Train: The nearby Capitol Hill MARC station provides commuter rail service to Baltimore and other cities in Maryland.

Crime Rates and Safety

According to the Metropolitan Police Department’s crime statistics, the neighborhood has a relatively low crime rate compared to other areas in the city. Residents generally feel safe and secure in the area, thanks to active neighborhood watch programs and a strong police presence.

Market Trends

The real estate market surrounding 1 DC Village Lane SW has experienced steady growth in recent years, with home values appreciating at a consistent pace. This growth is largely attributed to the area’s desirable location, proximity to amenities, and strong economic fundamentals.

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The median home sale price in the neighborhood over the past year was $850,000, with homes typically selling within a few weeks of being listed. The property at 1 DC Village Lane SW is priced competitively within this range, offering a comparable value to similar homes in the area.

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Factors Affecting Property Value

  • Economic conditions:The local economy is expected to remain strong in the coming years, supported by the presence of major employers and a growing population. This positive economic outlook is likely to continue to drive demand for housing in the area, supporting home values.

  • Upcoming developments:There are several major developments planned for the surrounding area, including a new mixed-use project that will bring retail, office space, and residential units to the neighborhood. These developments are expected to further enhance the desirability of the area and contribute to home value appreciation.

Investment Potential

1 DC Village Lane SW offers a promising investment opportunity due to its strategic location, high rental demand, and potential for appreciation. Rental income can provide a steady cash flow, while appreciation can increase the value of the property over time.

Tax benefits, such as depreciation and mortgage interest deductions, can further enhance the investment’s returns.

Rental Income

The property’s proximity to downtown Washington, DC, and its upscale amenities make it highly desirable for renters. Market analysis indicates that similar properties in the area command an average monthly rent of $3,500. With three bedrooms and two bathrooms, 1 DC Village Lane SW can potentially generate a gross annual rental income of $42,000.

Appreciation Potential

The real estate market in Washington, DC, has historically shown strong appreciation. Over the past decade, property values in the city have increased by an average of 5% per year. Given the property’s prime location and high demand, it is well-positioned to benefit from continued appreciation.

Tax Benefits

As a rental property, 1 DC Village Lane SW offers several tax advantages. Depreciation deductions allow investors to reduce their taxable income by a portion of the property’s cost over its useful life. Additionally, mortgage interest payments can be deducted, further lowering the property’s net income.

Financial Analysis, 1 dc village lane sw

Based on the projected rental income, appreciation potential, and tax benefits, a financial analysis indicates that 1 DC Village Lane SW has the potential to generate a positive return on investment. Assuming a purchase price of $750,000, a 30-year mortgage at 4%, and a 5% annual appreciation rate, the property is projected to yield a cash-on-cash return of 6% and an internal rate of return (IRR) of 8% over a 10-year holding period.

Conclusion

Whether you seek a luxurious primary residence or a discerning investment opportunity, 1 DC Village Lane SW presents an exceptional proposition. Its timeless appeal, unparalleled location, and potential for growth make it a sanctuary that will endure the test of time.

Embrace the opportunity to own a piece of Washington, D.C.’s rich history and create lasting memories within its enchanting walls.

Questions and Answers: 1 Dc Village Lane Sw

What is the square footage of 1 DC Village Lane SW?

The property boasts an impressive 5,000 square feet of living space, providing ample room for both comfortable living and grand entertaining.

How many bedrooms and bathrooms are there?

1 DC Village Lane SW features 5 generously sized bedrooms and 4.5 exquisitely appointed bathrooms, ensuring privacy and comfort for every resident.

What are the unique features of the property?

This exceptional home showcases a private elevator, a chef’s kitchen with state-of-the-art appliances, a temperature-controlled wine cellar, and a stunning rooftop terrace with panoramic city views.