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REAL ESTATE

YEAR IN REVIEW

 

This year, the Hill CDC has been working to bring the Greater Hill District Master Plan to life and keep homeownership in the Hill within the reach of Hill District residents. In order to accomplish these goals, the Hill CDC has been investing in several redevelopment projects throughout the Hill including, a new art gallery, home rehabilitations, and the revitalization of the New Granada Theater.

 

Hill District 100

The HD100 list was created as a challenge to show that there were at least 100 people who wanted to be homeowners in the Hill District. This list, which currently holds 219 people, provides individuals with programming to prepare for homeownership, including credit repair, and an opportunity to buy a rehabilitated home at an affordable rate, or in some cases, a market rate home, in the Hill. Requirements to be eligible to purchase one of our rehabs are (1) to be an HD100 member, and (2) to have a complete financial package, which includes pre-qualification for a mortgage.

 

723 Danube Street

723 Danube Street was the first HD100 property to be rehabbed and sold to a Hill District renter. This property features 2 bedrooms, 1.5 bathrooms, a living room, dining room, full finished basement, fenced in lot and off street parking. Construction for this project was completed on December 28, 2017 and the property was sold on January 2, 2018 to a Hill District resident (formerly a renter).

 

2600 Webster Avenue

2600 Webster Avenue is the second property that was purchased, rehabbed and sold at the affordable rate of $120,000. This 2 bedroom, 2 bath home was acquired in April 2017. The rehab included a finished basement and a large fenced-in yard, and construction was completed in July 2018, after which the property was sold on July 17, 2018 to a Hill District family (formerly renters).

 

243 Lombard Street

     

    

243 Lombard Street is a 1,525 sq. ft. property sold to a long time Hill District renter through our HD100 program. This 2 bedroom, 2.5 bath property has a finished attic, infrastructure for a roof top balcony, and 2 car enclosed garage. The rehab for this property included new central AC, roof, electrical upgrade, kitchen with open layout, new ceramic floors, windows, hot water tank, and a complete bathroom remodel. This home sold to a Hill District family (formerly renters) for $120,000.

 

1933 Webster Avenue

1933 Webster Avenue is a 3 bedroom, 1.5 bath, 951 sq. ft. home. This property features a first floor bedroom, and an opportunity to purchase the adjoining lot through the URA.  Target sale price is $105,000.

 

2517 Mahon Street