The Republic of Kazakhstan selected this substantial home in Washington D.C. for its Ambassadorial Residence after reviewing 30+ properties over a three year period. We began our search in 2008, and just as we were about to make an offer, the world economy changed, and everything was put on hold. In 2010 a superb property had been on the market for some time, and came up for rent. I submitted the property to the Ambassador for his consideration, structured a lease to purchase contract, and ultimately secured a beautiful home in Mass Avenue Heights at 2910 Edgevale Road NW. The deal calls for up to a three year lease with a purchase that will close sometime before July 2013. Some portion of the rental will go toward the purchase price depending on the ultimate settlement date.
The sellers were happy to have the income alongside a guaranteed sales price, and Ambassador Idrissov has now moved in with great plans to entertain in a glorious newly renovated space. I am most proud of this transaction as well as the creative \”outside the box\” thinking with my client to secure the property that worked for them.