Townhouse Where Obama Lived as a Senator Lists for Nearly $1.3 Million
At the time, the soon-to-be president made his Washington, D.C., home in the first-floor unit. Read More
BY THE NUMBERS
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LISTING OF THE DAY
Converted Grain Store Makes for an Idyllic Riverfront House Just Outside Cornwall, England
Residents can jump straight from the terrace into the River Lerryn at high tide. Read More
TAX TALK
Who Qualifies for the New Washington State Property Tax Break?
Senior citizens and disabled veterans who earn below new income thresholds will see significantly lower tax bills. Read More
NEWS BITES
1970s Home Sells for $1 Million Over Ask in One of Sierra Madre, California’s Biggest Deals
A low-slung stone example of 1970s modernism sold last week for $1 million over its asking price in one of the biggest home sales in Sierra Madre, a town outside Los Angeles. The house, which ultimately sold for $5.5 million, reportedly attracted 600 people to its open houses. The 2.6-acre property has a five-bedroom main house designed by architect John Gougeon. The new owner is Los Angeles food wholesaler Michael Glick. Dirt
House Prices in Ireland Rose 8.9% During the First Quarter of the Year
Despite a decline in sales, Ireland’s median home price rose to €305,000 (US$332,808) during the first three months of the year, which is an annual increase of 8.9%, according to analysis from the Property Price Register and a report from property tech start-up Geowox. Sales were down 3.6% year over year, with a total of 12,588 units sold between January and the end of April. Dublin was the county with the most sales and saw the median price rise 8.1%. House prices increased annually in every Irish county except the southern County Waterford, which saw a small decrease of 1.8%. The Irish Times
London’s Super-Prime Property Market Bounces Back
Three super-prime London homes sold every week in the year to the end of March, putting the city’s luxury property market back to pre-Brexit levels, according to data from Knight Frank and LonRes. All in all, more than 160 homes worth £10 million or more sold in the past year, the most since 2016, when the U.K. voted to leave the EU and deterred the global super-rich from investing in the capital’s most exclusive property. “After everything that has happened in recent years, London is still highly regarded by global buyers,” said Paddy Dring, the global head of prime sales at Knight Frank. The Guardian
Adjaye Associates Breaks Ground on Conversion of D.C. Heating Plant to Luxury Condos
The architecture studio Adjaye Associates has begun the conversion of a 1940s-era Washington, D.C., heating plant and coal yard into Four Seasons Private Residences. Located between three waterways in the popular Georgetown neighborhood, the project is set to bring 70 luxury condos to the area, plus a park, and will preserve many of the original features of the six-story structure designed by American architect William Foster Dewey. “I believe that architecture presents opportunities for transformation, and this project proved to be a great example where I was able to respect the history of the West Heating Plant by redesigning it from the inside out,” said David Adjaye, founder of the design firm. Dezeen
AROUND NEWS CORP
The Disney-Obsessed Shell out Millions for Homes Inside This Exclusive Florida Community [The Wall Street Journal]
Why Brits Are Investing in Buy-to-Lets in Cannes [The Times of London]
Down Payment Amounts Are Shrinking: Can Buyers Put Down Less and Still Compete? [Realtor.com]
Convert This Tribeca Parking Garage Into Your Own Mansion for $82 Million [New York Post]
