GDoN Revisited by Hipchickindc – 1925 Summit Pl 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: 1925 Summit Pl NE
Legal Subdivision: Eckington
Advertised Subdivision per Listing: Eckington
Original List Price: $379,900.
List Price at Contract: $359,900.
List Date: 10/23/2010
Days on Market: 102
Settled Sales Price: $349,900.
Settlement Date: 01/31/2011
Seller Subsidy: $11,000.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional

Original Good Deal or Not post is: here

The listing can be seen: here. After opening the listing link, to see pics click on the main pic and scroll through using the arrows.

If you haven’t already, I highly recommend clicking on the original Good Deal or Not (GDoN) and reading the comments. In the course of writing this weekly commentary I’ve certainly read my share of GDON discussions and I have to say, this one wins from me for BEST comments ever. In addition to an actual discussion of Hobos (yes, like boxcar riding ones), the neighborhood being called “boring”, plus throw in a discussion of per capita crime, and the pronouncement that Eckington is “not-yet-gentrified”, not to mention that one commenter insisted that “I’d need 2 pit bulls, a shot gun, a fantastic alarm system, and some sort of armed robot to make that feel safe.” This part of Eckington was described as far from Rustik and Windows and “one of the least metro accessible in all of eckington[sic] and most of the close-in neighborhoods”.

Continues after the jump.

Call me a real estate optimist, but my predictions for hot ‘hoods of 2015 wholeheartedly included Eckington. Maybe it’s because I actually spend time there at the best unofficial dog park in DC, or, in the summer, at the Harry Thomas (Senior) Rec Center Pool , which overlooks the greenspace of McKinley Tech. My daughter and I got new used bikes for Christmas which we ride on the Met Branch Trail, located about three blocks from the subject house, and which accesses the Brookland/CU Station, the Rhode Island Ave and New York Ave Stations, and heads straight down to Union Station (a pretty easy going bike ride). Rustik is .60 miles away and Google calls for a three minute drive. The North Cap Firehouse soon-to-be hotspot is a similar distance and on the way (again, I did say I am a real estate optimist). Condo developers are actively scoping out Eckington and several recent conversions exist with a bunch more in the works. Not excited about being close to Home Depot? How about the currently under construction Rhode Island Ave Mixed Use Development.

So, renovated fee simple in this price range in this location? I say smart buy.

20 Comment

  • Where is the “unofficial” dog park in Eckington?? Never heard of it.

    • Anyone know where this is? I’ve heard of the big fenced in soccer field on 24th and N, but never anything over here. Would love to find a place in the neighborhood for my pups!

      • The “unofficial dog park” referred to is FedEx field…the big open field on 2nd St NE right next to the FedEx building there. Lots of people take their dogs there and have claimed it as an unofficial dog park.

  • haha, awesome post! I felt the passion

    Hipchick- what is coming to the North Capitol Fire House? Any rumors on who will operate it?

    Also, what are some of the condo projects in the works?

    And, is Trammell Crow ever gonna break ground on the “Alexan Noma West” project?

  • I wanted to clarify why I pointed out the comment about Eckington being “not-yet-gentrified”. Let me make it clear that I’m not saying that Eckington IS gentrified, but rather that perhaps some of us choose to live in neighborhoods that retain their own character. I’ve lived in not-yet-gentrified urban neighborhoods on and off since I was 18 and it has been a great choice for me.

  • Hooray! Good deal.

  • Hey hipchick –

    You used a bunch of quotes from my comments on this house. I live in Eckington and love it here and you characterized my comments as denigrating the ‘hood. In fact, most of what I said was a realistic accounting of the area and I was actually defending the price, the house, the area, and the whole thing.

    People were criticizing it as if it were priced at $500,000 bucks. I was saying there are a lot of downsides to those several blocks but that these things were priced into the asking price fairly well.

Comments are closed.