Real Estate News

The District

Coldwell Banker realtor Jim Bell has listed and sold 1410 21st Street, NW for the asking price of $1,250,000. Situated within walking distance of the galleries, shops and restaurants of Georgetown and Dupont Circle, the historic row house is both a spectacular residence and an excellent investment. Built in 1896, the five-bedroom home has been beautifully renovated with floor to ceiling glass to give it a modern, airy feel. The open living room and dining room areas on the main level are perfect for entertaining with built-in shelves, hidden storage and a wet bar. The luxurious master bedroom suite boasts a fireplace and marble bath as well as an exercise room with a sauna and steam room. A loft leads from the suite to the outdoor terrace. The price of the home also includes parking and a three-bedroom, three-bathroom rental unit typically priced at $3,300 per month. The purchasers are an unnamed attorney with Baker & Hostetler, and his wife who serves as a legal advisor with the Federal Communications Commission.

Carl J. “Rick” Rickertsen has sold 1314 28th Street, NW in Georgetown. Mr. Rickertsen is a founding partner of Thayer Equity Investors IV and was the chief operating officer of Thayer Capital Partners from 1999 until last year when he stepped down in favor of newcomer Scott Rued. Rickertsen now serves the firm as a senior advisor. Mr. Rickertsen also sits on the board of directors of MicroStrategy, Iconixx Corporation, and Educational Resources, Inc. and has served as chairman of Saga Software. Less than two years ago Mr. Rickertsen bought a seven-bedroom Georgetown manse at 3314 O Street, N.W. from Jane and Thomas Wilner for $4,025,000. At approximately the same time he sold his McLean mansion at 1130 Waverly Way for around $10 million. The new owners of his 28th Street property are Cathy W. and Walter Isaacson. Walter Isaacson is president of the Aspen Institute, former chairman of CNN News Group and the former managing editor of Time magazine. He is also the author of “Benjamin Franklin: An American Life”, and recently suggested to Katie Couric on the “Today” show that Ol’ Ben would have enjoyed making fun of President Bush’s foreign policy.

In Spring Valley, 4910 Indian Lane, NW, located across Nebraska Avenue from Battery Kimble Park, has sold for $3.15 million. The sellers are Sally and John Chapoton. Sally was a Sotheby’s auction representative here for many years and her husband John is a partner with Brown Investment Advisory. He also sits on the advisory board for BNA Tax Management. The Chapotons are prominent on the Washington social scene and Sally was one of the co-chairs of the 34th annual Meridian Ball that raised $400,000 in October 2002. The new owner of the Chapotons’ Indian Lane home is C. Michael Buxton, one of two former federal prosecutors leading The White Collar Criminal Defense Group of Vinson & Elkins LLP. Buxton has represented clients in the Whitewater and Espy investigations to name just two of his more high profile cases.

Maryland

In Bethesda, Scott and Michael Banks of Banks Development LLC have sold a brand new 6,300 square-foot residence at 8209 Woodhaven Boulevard for $1,450,000. The buyers are Scott and Ann Reynolds. The house has six bedrooms, four full baths, a huge living room and formal dining room, a chief’s kitchen with connecting family room, two fireplaces, a library and a finished lower level.

At the prestigious Somerset House located at 5600 Wisconsin Avenue in Chevy Chase, number 809 has been sold by the estate of Dorothy K. Winston, of Dorothy K. Winston & Co., a real estate agency. The luxurious two-bedroom condominium with two and a half baths and two garage spaces now belongs to Martha Kaslow who paid $999,500.

In Potomac, 11505 Glen Road has changed hands. The new owners Sunil Mistry and Anita Aggarwal paid $1,350,000 to sellers Concetta and Roderick Higgins. Mr. Higgins, who became the Washington Wizards’ assistant general manager in 2000 is the last of the front-office executives hired by Michael Jordan to leave the franchise. The brick house boasts numerous built-ins, granite gourmet kitchen, arched entryways, with five bedrooms, four full baths, and a finished lower level on a 90,605 square-foot lot with a private security gate. Zelda Heller with Long and Foster Real Estate was the selling agent.

Virginia

Washington Wizard Kwame H. Brown has purchased a $ 1,335,000 property at 625 Live Oak Drive in McLean. The basketball player first gained national attention when in 2001 at age nineteen he became the youngest player ever drafted by the NBA (Last year however, LeBron James joined the NBA to beat-out Brown as the youngest ever draft pick.) Brown’s new manse had belonged to William D. Pegg and his wife Caroline Song Pegg. Mr. Pegg is an associate in McDermott, Will & Emery’s intellectual property. The Peggs’ old residence is a three-level colonial beautifully situated on a lovely lot with a flagstone patio and brick terrace. It has an impressive two-story foyer, a chief’s kitchen with a Viking stove, two fireplaces, five bedrooms, an au pair suite, and a media room with a full-size granite topped bar.

Also in McLean, 7616 Swinks Court has sold for above the list price of $1,890,000. Weichert realtor Penny Yerks listed the brick colonial for the sellers Patricia and James Clarke. The purchasers are Greg and Simone Rones. The home is located in the Millwood section of McLean and has five bedrooms, four full baths, three half baths, a library, and a swimming pool.

Penny Yerks also listed 1352 Lewinsville Mews Court in McLean for Charles Kim, a Ph.D. in finance, and his wife Helen. Ed and Anne Hall are the new residents of the six-bedroom house with six full bathrooms and two half baths built in 1999 on nearly an acre lot in McLean’s 22102 area code. The Halls moved here from Coral Gables, Florida, and paid just under the asking price of $1,499,000 for their new home in the Old Dominion.

Number 896 Helga Place in McLean has also been sold. The purchasers are Loraine and A. Bradford Card a lobbyist with The Dutko Group, one of the country’s top government relations firms. The previous owners of the Helga Place home are Jennifer and David Mitchell, president and COO of webMethods which was recognized in 2003 by Deloitte as the fastest growing software company in North America. WebMethods is headquartered in Fairfax, Virginia and has offices throughout the U.S., Europe, and Asia. The Mitchells put their four-story stone home on the market for $2.35 million. The gated residence has seven bedrooms, a theater room and sits on a private lot with a pool. Weichert’s Penny Yerks was the listing agent.