Jan 201608

Long & Foster Leading in D.C. Luxury

Fessenden House
Fessenden House is the highest recorded sale of a single-family residence in DC in 2015.
Jan 201608

Long & Foster Leading in D.C. Luxury

Brokerage represents clients on 2015’s most expensive single-family residence sales in Nation’s Capital, as well as Virginia, Maryland suburbs of D.C.

Long & Foster Real Estate, the nation’s No. 1 family-owned residential real estate company, ended 2015 on a high note, finalizing the sale of Fessenden House in late December. The 20,000-square-foot estate in Washington, D.C., sold for $18 million after less than six months on the market. Fessenden House is the highest recorded sale of a single-family residence in Washington, D.C., in 2015, according to the Metropolitan Regional Information Systems, Inc. It is also the third most expensive single-family residence ever sold in the Nation’s Capital.

Long & Foster represented both the buyer and seller in the sale of Fessenden House. The property was listed for $22 million by Nancy Itteilag of Long & Foster’s Foxhall office with global marketing by Christie’s International Real Estate, of which Long & Foster is the exclusive affiliate in the greater Washington area. Rima Tannous of Long & Foster’s Chevy Chase/Uptown office represented the buyer in the sale.

Including the sale of Fessenden House, Long & Foster represented clients on 2015’s most expensive single-family-home sales in D.C. proper, as well as the close-in suburbs in Virginia and Maryland, according to MRIS records. Two other 2015 record sales are:

In Northern Virginia: Long & Foster’s Marianne Polk and MaryAnn Martell of the company’s McLean office listed Riverview Manor, a 5-acre riverfront property in McLean, Va., which sold for $8.3 million—the highest recorded sale price in Fairfax County in 2015.

In suburban Maryland: Long & Foster’s Lynda O’Dea represented the buyer of a Georgian Colonial in Potomac, Md., which sold for $6.15 million—the most expensive residential property sold in the Maryland suburbs last year. Marc Fleisher of Long & Foster listed the second most expensive home sold in 2015 in Montgomery County—a fully custom European style villa in Potomac, Md., that sold for $5.5 million.

“Over the past 45 years, Long & Foster has become known for the unsurpassed level of service and industry expertise it provides luxury home buyers and sellers,” said Jeffrey S. Detwiler, president and chief operating officer of The Long & Foster Companies, parent company of Long & Foster Real Estate. “Thanks to our exclusive affiliation with Christie’s International Real Estate throughout the Mid-Atlantic region, as well as our partnership with Luxury Portfolio International, Long & Foster brings our clients the very best opportunities to reach qualified buyers and earn international exposure to an elite clientele.”

For more information, visit LongandFoster.com.