Real Estate: Changes are coming to 16th Street Heights
. Originally from Honduras, Rivera said he felt the diversity of the area would remain a highlight as the neighborhood evolved.
“I just really like that there’s this broader kind of historical context, that there’s this blending of languages and different experiences,” he said.The neighborhood boundaries vary depending on whom you ask. Two local groups, the 16th Street Neighborhood Association and the 16th Street Heights Civic Association, represent smaller areas inside what is generally considered the neighborhood.
In the past 12 months, 32 detached homes have sold. The average price was $1.275 million. The least expensive was a three-bedroom bungalow for $840,000; the most expensive was a six-bedroom, six-bathroom Colonial for $1.7 million. Seven properties are on the market now, including three condominiums — a scarce commodity in the area, Champion said. Average rent for a one-bedroom apartment is $1,725.
“They may have only paid $40,000 or $50,000 for their house when they bought it 50, 60 years ago,” Champion said. “So when someone comes and offers them $300,000, they think they’ve won the lottery. But in the meantime, that house … is probably worth $700,000.”Brightwood Education Campus, John Lewis and Powell elementary; Ida B. Wells, Deal and McFarland middle; Coolidge and Roosevelt high.
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