JAMES PLACE

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Papermill Court NW

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Papermill Court NW is a special enclave of townhouse-style condominiums located in the very heart of Georgetown. Most properties convey with an on-site separately deeded garage parking space.

The association is a strong one: a low and consistent monthly fee, no history of special assessments, solid cash reserves, professional management and skilled board members that have been in place for some time now. In the past 12 months, six units have sold for an approximate average of $625 per square foot—well above the $500 per square foot general benchmark for other comparable South of M Street 1980’s associations.

For the most part, units tend to sell quickly, especially renovated, well-positioned properties. Available inventory is even lower than the historic interest rates, and pricing is on the rise. Simply put, units are selling for more and doing so quickly. The recent developments of the Ritz-Carlton, AMC movie theatres, 3303 Water Street, the Shops at Georgetown Park, Washington Harbour and the new waterfront park are game-changers for this exceptional neighborhood. These condominiums have been, and will continue to be, extraordinarily desirable. Don’t expect to see the upward pricing trend change anytime soon.

In last five years, I've sold close to 20 of these properties. If you have any questions, I am here to answer them. Please feel free to forward this message to anyone who would appreciate the information.

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Papermill Court NW Snapshot
• 101 units – most duplexes
• Exposed brick walls
• Wood-burning fireplaces
• On-site garage
• Community pool with lifeguard
• Evening security guard
• Common area courtyards
• Stellar landscaping including a community herb garden
• Managed by Zalco Realty, Inc.
• Average condo fee is approximately $475 including parking space
• FHA approved – one of only two associations in Georgetown
• No special assessments are planned
• Good owner-occupancy ratio
• Nestled between M and K Streets NW in Georgetown