GDoN Revisited by Hipchickindc – 1100 7th St, NE

Voted one of the best real estate agents in DC by the Washington City Paper Readers’ Choice Poll in 2009, hipchickindc aka the not-so-hip Suzanne Des Marais is an Associate Broker with Urban Pace. She lives (and sells a lot of houses) in Bloomingdale, but works all over DC, with everyone from first time buyers to highly regarded developers. 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: 1100 7th St NE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Capitol Hill
Original List Price: $259,900.
List Price at Contract: $259,900.
List Date: 11/05/2010
Days on Market: 0 (Not unusual with new construction, which sometimes may be entered post-contract for comparable purposes)
Settled Sales Price: $255,900.
Settlement Date: 12/21/2010
Seller Subsidy: $5,000.
Bank Owned?: No Short Sale? No
Type Of Financing: FHA

Original GDoN is: here.

The listing for the subject property and current available units in the building can be seen: here. The virtual tour of the building can be seen here.

Once again, much of the conversation from the original Good Deal or Not (GDoN) post focused on crime and how it affects the perceived desirability of a particular location. I can’t believe that nobody even touched the subject of this property being advertised as “Capitol Hill”. Personally, I would have gone with “SoFlo”. Or is it really “H Street” or “Atlas District”? The name of the condominium is “NOMA Overlook”, which is understandable given that NOMA now actually has a real live Harris Teeter and is a mere six blocks away.

The listing comments mention that there are a total of six units in the building. The two current active listings appear in the link above. Given that this relatively recent settlement is reported to have been financed with an FHA loan product, I assume that the other couple of units have settled as well. That comp information has not been shared as yet. Unfortunately, for the one unit that does show as settled, we can’t calculate the price per square foot since the listing does not include the square footage and the recent condo conversion units have not appeared in tax records yet.

8 Comment

  • These units are very impressive and have a beautiful view of the capitol from the roof decks.

    The area is completely safe, actually safer than shaw or logan circle. Unlike those areas, the north capitol hill/h street area has no concentration of poverty in high rise towers. Look at the crime stats, they are much, much lower than logan circle.

    People are just afraid of NE.

    It is a great neighborhood.

  • These units are awesome, especially the two with roof decks. Even the basement units have private patios.

  • I have to agree with the above. I toured these units and they are beautiful. Top of the line SS appliances, beautiful wood floors/trim, very spacious with loads of sunlight (notice it’s a corner unit).

    As a new resident of NE, I find it more welcoming/inviting than old NW, where most of the ppl were renters and did not care to learn their neighbors. I’ve had no safety issues and I usually walk 10-15min to the metro. Also, a new Harris Teeter opened up recently and foot traffic has been 2x. This is a really thriving area, and I’m excited to see what 2012 brings Constitution Square and the trolley line finish up.

  • I live a block from these new condos and I agree that the neighborhood is great! Seems like a good deal for these as well. Appears as though they did a nice job inside.

    And yes, the location is clutch. 10 minute walk to NY Ave. metro, a few steps further to awesome new Harris Teeter and CVS.

    This block of L St. is one of my favorites in the neighborhood.

  • I’m glad to read the positive comments about this neighborhood! I live just south of H St., NE, so near here, but not quite this neighborhood. I’m looking to make the move from renting to buying soon and this is going to be the main neighborhood I’ll be looking at. I’ve never heard negative things from those who actually live here.

  • Pretty much anywhere south of Fla, and north of H is fine, with the exception of the stretch of 6th st between K & M. Most of the drug sales and associated crime still seen in the area are centered around there.

    You can also occasionally still see tranny prostitutes around 2nd & K, but they have mostly been chased off. Now that the Loree Grand is open and its surveillance system is online the area around it is much less sketchy.

    I wonder were the tranny prostitutes have gone?

  • Since I have not been inside, I trust the interior is well appointed.However; I did watch the progress of the exterior construction and was quite hopeful for the finial product.I was sad to see such a beautiful home cut up into six units, but i guess someone turned a good profit, but at who’s expense? The quality and finish work on the exterior is unprofessional, just look at the “gang plank” handrails leading to the front door. What were they thinking? Then you have the top floor addtion that still looks, what happened to the tile roof finish that was in the architect’s rendering? The list goes on…just imagine the condo fees in 5 to 7 years to fix the poor craftmenship.

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