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Real Estate Highlights History Adjacent Neighborhoods Neighborhood Boundaries Neighborhood Links Map of Observatory Circle
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Observatory Circle
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20007, 20008, 20016 zipcodes) In 2011, 16 single-family homes sold in Observatory Circle for an average sale price of $1,168,020. The average list price was $1,178,000. This represents a 33% increase in the number of sales and a 21% decrease in the average sale price from 2010. Homes were on the market in 2011 for an average of 108 days. Listed below are the number of sales of single-family homes by price range for the past six years.
In 2011, 63 condo and coop units sold in Observatory Circle for an average sale price of $463,325 and an average list price of $477,209. This represents a 24% increase in the number of sales and a 4% decrease in the average sale price from 2010. The condo and coop units were on the market for an average of 129 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. The southern tip of Observatory Circle has a block of elegant luxury homes that can be entered from Massachusetts Avenue. It is separated from the western side of the neighborhood by a portion of Rock Creek Park above Montrose and Dumbarton Oaks Parks in Georgetown. Just north of the Observatory are a few blocks of detached homes, many of which look out on the grounds of the Vice President's home and extend west to Wisconsin Avenue. At the southernmost corner of this section, at the corner of Calvert Street and Wisconsin Avenue, there is an upscale condominium. On the northern side of Massachusetts Avenue that faces St. Albans School and the National Cathedral is a grouping of another few blocks of spacious single-family homes. As the neighborhood of Observatory Circle crosses north over Wisconsin Avenue, the area is often referred to as Cathedral Heights. This northern area has the stately single-family homes of Cathedral Heights but also several large and small condominium complexes. The gracious Colonnade on New Mexico Avenue, with its commanding views of the neighborhood and the city, was built in 1966 and has a swimming pool and other amenities. The majestic Westchester coop complex of three buildings constructed in 1930 also has spectacular vistas and enviable grounds. There are low- and mid -level apartment buildings that have been turned into condominiums in recent years. The majority of houses in Observatory Circle are single-family Colonials and Tudor-style detached homes and bungalows. There are also semi-detached homes in those styles. A block of large townhouses was built as part of the renovation of the Alban Towers apartments. Observatory Circle has many faces, all of them exceptional. It has the imposing grounds of the Naval Observatory, the Vice President's residence and its surroundings, the embassies on and near Massachusetts Avenue, and the beautiful homes on tree-lined streets on both sides of Wisconsin Avenue. It is actually a grouping of three or four communities, each with their own charm. There is no commercial area in Observatory Circle, but the neighborhood has access to shopping on Massachusetts, Wisconsin, and New Mexico Avenues. Annunciation parochial school is located in Observatory Circle as is Hope Community, a preschool-to-kindergarten charter school. The observatory was first established in 1844 on Camp Hill in Foggy Bottom to create and store navigational charts. When the Navy became involved in astronomy, it became renowned when its astronomer, Asaph Hall, discovered the two moons on Mars. In 1893, the observatory was moved to its current location to ensure its isolation from the noise and vibrations of downtown that might affect the sensitive equipment. It was safely in the country until the streetcar and then automobiles brought growth to the area. Observatory Circle was installed along Massachusetts Avenue to reroute traffic away from the Observatory. The Victorian manor which was located on the grounds was once used by high-ranking Navy admirals. When Gerald Ford became President, the house became the vice president's residence in 1975, when Nelson Rockefeller was Vice President.
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Copyright 2012 Tim and Jean Hanan