In 2003, the median price for a single-family home in the Northeast neighborhood Brookland was $295,000. By 2013, the median price skyrocketed to $450,000 with records broken every few months. Just recently, a five-bedroom single-family home in the neighborhood became the first to pass the million dollar threshold. The Washington Post reported that the listing at 1349 Otis Street NE was originally put on the market for $999,750, but after multiple offers, the abode sold for exactly $1 million. The listing was last sold in 2014 for $390,000 and was renovated for $300,000. The original owner of the single-family home was John Diggs, who became the first African American to own property in the neighborhood. He worked at Trinity Washington University in the maintenance department from around 1912 to 1950 when it was known as Trinity College. This past January, the most expensive single-family home ever sold was just shy of that price with $998,000.
1349 Otis Street NE
· Another D.C. neighborhood now has $1 million homes [The Washington Post]
· Real Estate Watch: Brookland's First Million Dollar Home Sold [The Brookland Bridge]
· See Inside Brookland's Most Expensive Home Sold [Curbed DC]
· All Brookland coverage [Curbed DC]