GDoN Revisited by Hipchickindc


In real life, hipchickindc is licensed as a real estate broker in the District of Columbia and Virginia, and as a real estate salesperson in Maryland. Unless specifically noted, neither she nor the company that she is affiliated with represented any of the parties or were directly involved in the transaction reported below. Unless otherwise noted, the source of information is Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system. Information is deemed reliable but not guaranteed.

Featured Property: 1119 Clifton St NW

Original List Price: $869,900.

List Price at Contract: $839,900.

List Date: 11/06/2008

Days on Market: 94

Settled Sales Price: $810,000.

Settlement Date: 04/17/2009

Seller Subsidy: $5,000.

Bank Owned?: No

Type Of Financing: Conventional

Listing History: Last purchased in 2006 when it was in bad shape and pre-Target. Totally renovated since.

Original GDoN Post is: Here

Listings: Here are the listings from 2006 (first) and the most recent one. Unfortunately, the virtual tour is no longer active from the first listing so you can’t see the “before” pics. To see the lovely renovation, click the camera icon at top left of the 2nd listing.

Back in 2006, I headed a team with Re/Max and one of my licensed assistants represented the (then) buyer (now seller) of this property when it was in need of a lot of TLC. It’s a big house with a large lot, great bones and an even better view. The (then) buyers employed one of my favorite financing tools…a rehab loan…and it looks like they put it to good use. In 2006, they paid $520,000. and got back $10,000. toward closing. I forget how many other offers there were at the time, but the list price was $500,000.

In any case, the PoP GDoN commenters were rough on this one, so some will probably be surprised that it actually sold over $800,000., but it did.

3 Comment

  • I’ve always wondered if being across the street from the High School has a negative effect on price.

  • It shouldn’t affect an appraisal. I suppose it could affect market value if there were some reason for prospective buyers to be turned off by it, but in my experience it is, as so many other things, personal preference.

  • It’s a gorgeous house with a lot to love, especially the yard and the view. Having said that, 800k seems a little outrageous, considering the location. I don’t know much about that particular block, but there are some blocks very close by that are still suffering from serious crime problems.

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