Mt. Vernon Square Homes For Sale in Washington, DC
Mt. Vernon Square refers to both the neighborhood and a specific city block in the northwest quadrant of Washington, DC. The Mount Vernon Square neighborhood went through a difficult period of deterioration during the 1960's and 1970's. In 1977 the city used eminent domain law to buy a portion of the neighborhood, and razed a number of badly damaged buildings. In recent years, the revitalization process has resulted in a substantial measure of success. Today, properties for sale in Mt. Vernon are dominated by condos, with an intriguing mixture of modern designs, mixed-used development and old historic buildings. To learn more about Mt. Vernon Square homes for sale in Washington DC, take a closer look at some of the available home listings below:
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More About Mt. Vernon Square Homes For Sale
The demographic for Mt. Vernon Square favors single men and women, with married couples accounting for 26 percent. A little less than 20 percent of households have children. Median condo values are currently hovering around $400,000 representing a ten percent increase from 2011. The city block is bounded by Mount Vernon Place to the north, Seventh Street to the east, K Street to the south and Ninth Street to the west. The larger neighborhood area is bounded by N Street to the north, First Street and New Jersey Avenue to the east, Massachusetts Avenue to the south and Ninth Street to the west. Chinatown is close by the neighborhood's southern border and The White House is only seven blocks away.
Mt. Vernon Square's earliest roots predate Washington, DC, going back to a tract of land known as Point Royal, deeded in 1687. The neighborhood was subdivided in 1740 and was part of DC's earliest city planning. Many of the old buildings are gone, although the original District of Columbia Public Library building still stands, now home of the Historical Society. The old Mount Vernon Place United Methodist Church is also still in use with its distinctive Gothic spires. Overall, the area continues its transformation, with new development projects that expand on existing historic buildings. There are also a number of brand new luxury high-rise buildings featuring lavish penthouses, tons of amenities and an immediate proximity to top bars and restaurants.
From original Victorian row houses to new mixed-use developments, property sale prices in Mt. Vernon Square are more affordable than one might think for a central DC city location. One-bedroom condos begin around $300,000, and in some instances, even dip below that mark. For buyers looking to be in the heart of the district with restaurants, shops and entertainment right at hand, this neighborhood in transition is well worth exploring. For more information regarding Mt. Vernon Square homes for sale in Washington, DC, contact District Partners at Compass, (202) 798-3600.
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.
Listing information last updated on April 18th, 2019 at 12:04pm EDT.