September 13, 2013
On the market: A Chevy Chase original with 2005 updates
“If you think it’s hard to get a seat at Le Diplomate or one of the other hip restaurants on 14th Street NW, try snapping up a new condo in that part of town. Eight months ago, the newly constructed two-story penthouse at Locks & Electric at 1324 14th St. NW, sold for $794,000. But the new owner decided to relocate and listed the unit for $849,000, which represents an 7 percent rise in eight months. Even with that markup, the penthouse earlier this month received multiple offers and went under contract, significantly above the asking price.” The condo was listed by associate brokers Daryl Judy and Kimberly Casey of Washington Fine Properties.