foggy bottom

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REAL ESTATE

    In 2011, 6 single-family homes sold in Foggy Bottom for an average sale price of $675,750. The average list price was $686,833. This represents a 33% decrease in the number of sales and a 3% increase in the average sale price from 2010. Homes were on the market in 2010 for an average of 70 days.

      Listed below are the number of sales of single-family homes by price range for the past six years.

      In 2011, 53 condo and coop units sold in Foggy Bottom for an average sale price of $330,976 and an average list price of $348,619. This represents a 4% increase in the number of sales and a 6% decrease in the average sale price from 2010. The condo and coop units were on the market for an average of 100 days.

     Listed below are the number of sales of condos and coops by price range for the past six years.

      If you have questions on how 2011 sales prices compare to the last six years or would like detailed analysis for this or other neighborhoods, contact us at 202-965-3715 or info@hananhomes.com.

     George Washington University (and its hospital) is the largest property owner in Foggy Bottom. The neighborhood consists of apartment buildings, condos, coops, and townhouses. Prices in the upscale luxury Watergate complex are dramatically higher than most residences in Foggy Bottom. There are a number of neighborhood coops and condominiums, some of which are around forty years old while others are new construction. The historic district contains quaint row houses dating from the 1870s to the beginning of the 20th Century. Most of the row houses are two-story, flat-fronted structures.

HIGHLIGHTS

     Foggy Bottom has the unique position of being the only NW neighborhood within walking distance to downtown, the Mall, and Georgetown. Yet, it holds several points of interest within its borders. The Kennedy Center is probably foremost among the neighborhood's attractions. The Lisner Auditorium at George Washington University also provides an arena for entertainment. Several significant organizations and government offices call Foggy Bottom their home. They include the State Department, National Academy of Science, World Bank and International Monetary Fund, Interior Department, Pan American Health Organization, American Red Cross, and the Daughters of the American Revolution. Of historical note are the Albert Einstein Memorial, the Octagon, St. Mary's Episcopal Church, and the Virginia Avenue statues honoring the Latin American heroes, Benito Juarez, Simon Bolivar, and Jose de San Martin.

     Many amenities are available to support George Washington University, its hospital and the Foggy Bottom community. There are numerable hotels and restaurants in the area and a few small markets. From June to October, the Freshfarm located at New Hampshire Avenue and 24th Street provides a small -scale farmers market. The neighborhood is served by two Metro stations, Farragut West and Foggy Bottom/GWU.  E. J. Kelly Park is located in Foggy Bottom and just south of Constitution Avenue are the Vietnam, Lincoln, and the Korean Memorials in the western shadow of the Washington Monument. The School Without Walls, a DC magnet high school, is located in Foggy Bottom. 

HISTORY

     In 1765, Jacob Funk, a German immigrant, purchased 130 acres and subdivided his tract into 234 building lots that extended between 19th and 24th Streets and from H Street to the Potomac. He built his family house and a church (now the United Church at 20th and G Streets) in his settlement that became known as Funkstown. L’Enfant included Funkstown in his plan for Washington, establishing two public sites, Camp Hill, that was located on a hill at the riverfront between 23rd and 24th Streets, and Washington Circle.

     Foggy Bottom, which gained its name in the early 1800s when the then undeveloped area would be engulfed by fog in the early mornings and evenings, became the industrial section of the new capital. The first factory in Washington was a brewery which opened in 1796 on land now occupied by the State Department and the National Academy of Sciences. Breweries prospered until the 20th Century. The Christian Heurich Brewery which operated from 1894 until 1966 was demolished to provide the setting for the Kennedy Center. Most of the early inhabitants were German and Irish immigrants who worked in the nearby breweries, glass plants, and for the Washington Gas and Light Company. George Washington University moved from its location in today's Columbia Heights and began to buy up many of the houses in the area and either renovate them for offices or demolish them for dorms and other structures.

ADJACENT NEIGHBORHOODS

NEIGHBORHOOD BOUNDARIES

NEIGHBORHOOD LINKS

Historic Foggy Bottom
Foggy Bottom Association

Map of Foggy Bottom

To discover more about current listings and recent home sales in foggy bottom and the washington dc real estate market:

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