10 months on rocket

3508 Prospect St NW, Washington, DC, 20007

$12,500,000

8 Bedrooms
6 Full Baths, 1 Partial
9,086 SqFt
$1,376/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage - Front Entry, Attached Garage, Driveway
Garage3 spaces
Year Built1787
HeatingRadiant
CoolingCentral Air
BasementYes
MLS #DCDC2129376
Lot Size0.43 Acres
StatusActive
(ACTIVE)

About 3508 Prospect St NW

Thought to be designed by William Thornton, the architect of the U.S. Capitol, and long considered one of the most architecturally and historically significant properties in the city of Washington, Prospect House was built between 1787 and 1793 and sits high above the Potomac River at 3508 Prospect Street in Georgetown. This red brick Georgian-Federal house has been a show place for politicians and statesmen since Revolutionary War days, and is sited on nearly half an acre of beautifully manicured formal English gardens. Among many renowned owners over the years, the property was the home of the first Secretary of Defense, James V. Forrestal, and during the Truman Administration Prospect House served as The White House Guest House for visiting dignitaries. Presidents Washington and Adams, the Marquis de Lafayette, the Shah of Iran, the President of France, and the poet Robert Frost have all been guests of Prospect House. The first floor of this 9,000+ square foot residence includes 12-foot ceilings; a formal entrance hall; a double parlor living room with twin Adams fireplaces, a Jefferson window, and a bay window overlooking the gardens; a banquet-sized dining room with a fireplace and river views; a gallery hall; an ample-sized eat-in kitchen, a powder room and a veranda. Upstairs are 7 large bedrooms -- several with river views -- a sitting room and 5 full baths. A lovely library opening to the garden, a home office, an 8th bedroom and a full bath make up the lower level. The property includes a 41-foot swimming pool and an octagonal watch tower where one of the early owners watched his boats come into Georgetown Harbor. A garage and additional parking for 3 cars complete this extraordinary offering. Prospect House has been well-maintained and improved by its current owners, who, in the last few years, have replaced the roof; the plumbing, heating and air conditioning systems; and rebuilt all of the windows.

Property Details

Property Features

Property Information:

  • Architectural Style: Federal, Georgian
  • Year Built: 1787
  • Living Area: 9,086 SqFt

Listing Office:

  • Office Name: Washington Fine Properties, LLC
  • Office Phone: (202) 944-5000
  • Listing Agent: Kimberly T Gibson

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Garage - Front Entry, Attached Garage, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.43 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Between 35th and 36th Streets on Prospect Street in Georgetown.

Price Information

Listing Price Info

Price Summary:

  • List Price: $12,500,000
  • Price Per SqFt: $1,376/SqFt

Tax Information:

  • Annual Amount: $47,328
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Washington, DC.

Med. Sold Price

$676K

Med. Price/SqFt

$511

Avg. Days On Market

43

# of Sold Homes

387

3508 Prospect St NW vs Washington

300 DAYS ON ROCKET

+257 Days

$12,500,000

+$11.8M More

$1,376/SqFt

+$865 More

KEY TAKEAWAY

This property is $11.8M more than the Median Sold Price and $865/SqFt more than other homes in Washington, DC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DCDC2129376

Listing Office:

  • Office Name: Washington Fine Properties, LLC
  • Office Phone: (202) 944-5000
  • Listing Agent: Kimberly T Gibson

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:21:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$47,328$5,568,010
2019$44,557$5,242,030
2018$44,186$5,198,360
2017$43,193$5,081,540

History based on county public records data.

Payment Calculator

$62.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$37.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4480133
9
/10
  • Hyde-Addison Elementary School

  • 3219 O St NW

  • 0.31 miles

  • Public District Grades PK-5

school-card-donut-4480134
9
/10
  • Stoddert Elementary School

  • 4001 Calvert St NW

  • 1.31 miles

  • Public District Grades PK-5

school-card-donut-4480135
6
/10
  • Francis Scott Key Elementary School

  • 2300 Key Blvd

  • 1.32 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $128,267. Residents of Washington, DC typically earn between $100k-200k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3508 Prospect St NW

What is the listing price of this property?

The listing price of 3508 Prospect St NW property is $12,500,000.

What type of property is this?

The property 3508 Prospect St NW is a house located in Washington, District of Columbia, 20007.

Is this property for sale now?

Active Listing: 3508 Prospect St NW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $47,328 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 3508 Prospect St NW has 8 bedrooms and 6 full and 1 half bathrooms.

What is the square footage of this property?

The property 3508 Prospect St NW is 9,086 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3508 Prospect St NW is 1787.
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Rocket HomesDistrict of ColumbiaWashington200073508 Prospect St NW

This home is located at 3508 Prospect St NW in Washington, DC and zip code 20007 in the Georgetown neighborhood. This 9,086 square foot home, which was built in 1787, sits on a 0.43 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $12,500,000.

While more than 85 listings in Washington, DC in November 2024 were sold above asking price, there were more than 83 listings sold at asking price, and more than 219 were sold below. The number of listings in Washington, DC increased by 4.8% between October 2024 and November 2024. The median list price of listings available in November 2024 was $676,027, while the average time on the real estate market was 43 days.

From Rocket Homes Real Estate and based on county public records data.

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