GDoN Revisited by Hipchickindc – 27 Logan Circle NW #4

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 the Principal Broker (DC) for Urban Pace, LLC. 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: 27 Logan Circle NW #4
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Logan Circle
Original List Price: $925,000.
List Price at Contract: $899,000.
List Date: 01/20/2011
Days on Market: 61
Settled Sales Price: $899,000.
Settlement Date: 05/05/2011
Seller Subsidy: $8500.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional

Original Good Deal or Not post is: here

The listing can be seen: here. Here is the virtual tour.

Last week we revisited a house that sold on Grant Circle in Petworth. This week, we move south to stunning and awesome Logan Circle. You might notice that the price points diverge a bit from Grant Circle, as lovely as it is.

Designed to blend in with the surrounding historic architecture, Logan Mansions is the quintessential boutique condo and was built in just 2000 by P.N. Hoffman. It’s interesting to consider that this property came into existence just at the dawn of the Whole Foods Era. Wikipedia notes that the Whole Foods on P St NW was built in 2000 on the site of a former abandoned service garage.

Continues after the jump.

This Wapo article from 1998 describes the development climate just prior to that time. Late Realtor and active Logan Circle resident, Connie Maffin (there is a memorial to Connie at the park at 10th St NW between L & M) “attributes the new outside interest in her neighborhood to the decades of work done by residents to preserve their 19th century homes and to rid the area of a longtime problem of street prostitution. Both issues continue to occupy the association.” Whereas the former issue will always be at stake, as of 2011, the latter issue has subsided due to years of work by area residents, police, and massive re-development efforts.

It is worth noting the size of this very large (almost 1900 square foot, 3 bedroom, 2.5 bath) condo unit, which also incidentally includes a private roof deck and parking. Had you been an adventurous buyer in 2000, this particular unit could have been yours for $440,411. It sold again, a mere two years later, for $750,000.