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New record set with $7.9 million Chevy Chase condo sale
Looking for an indicator of how much Washington's high-end housing market has recovered since the recession? Look no further than the Parc Somerset condominiums in Chevy Chase.
An undisclosed buyer recently acquired the penthouse unit there for $7.95 million, or nearly $1,200 per square foot, which by most accounts is a record for residential condominiums in the region. The seller, Paul Elicker, paid $3.1 million, or roughly 151 percent less than the recent purchase price, for the 6,737-square-foot…
IN FOCUS TODAY
Friday, May 17, 2013 - 4:41am
More than 17,000 Baltimore students miss 20 or more days of school a year. Many of these...
Friday, May 17, 2013 - 4:37am
WYPR's Fraser Smith and Karen Hosler talk about changes to the horse racing industry in Maryland...
Thursday, May 16, 2013 - 7:00am
Attorney General Doug Gansler may run for governor in 2014, but he's moving toward a decision...