GDoN Revisited by Hipchickindc – 1300 Taylor Street, NE

Hipchickindc is a licensed real estate broker. She is the founder of 10 Square Team and is affiliated with Keller Williams Capital Properties. 10 Square Team is a popville.com advertiser. 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: 1300 Taylor St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Original List Price: $639,000.
List Price at Contract: $539,000.
List Date: 8/8/2012
Days on Market: 77
Settled Sales Price: $553,000.
Seller Subsidy: $0.
Final List to Net Sales Price Ratio: 102.60%
Settlement Date: 12/06/2012
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional
Original GDoN post is: here.
The listing can be seen: here. To see pics, click on the camera icon after opening the link.

Commenters to the original Good Deal or Not (GDoN) post were dubious of the original list price for this house, and the market proved them correct. Although the subject property did not garner the hoped for $600,000.+ price point, since June 1st, 2012, there have been five detached single family homes in the neighborhood that sold over $600,000.

Continues after the jump.

Brookland is a neighborhood in NE DC that has seen a recent surge in sales activity. In November 2012, the average sold to list price ratio for the zip code 20017 was 103.09%, which suggests that they were quite a few multiple offer situations around September and October. Currently, there are only three active listings in Brookland for detached single family homes, ranging in condition and priced from $369,000. to $465,000.

In October, GDoN commenters expressed their opinions regarding the $899,900. pricing of 1001 Irving St NE, famous for being “the round house in Brookland”. It had a list price of $799,900. at the time it went under contract. I’ll be watching the listing and will do a GDoN-Revisited once it goes to settlement.

The listing agent for 1300 Taylor St NE was Mary Magner with Coldwell Banker Residential Brokerage. Megan Gianchetta with Exit Realty Associates, LLC represented the buyer.

4 Comment

  • Seems purposely misleading that you would list the List to Price sales ratio that way to claim that it went for 102% of List Price.

    The “List” price was $639,000. The “Sales” price was $553,000 giving you a true ratio of 86.5%

    Making the distinction between “List” and “Final List” is like trying to make the distinction between “Pregnant” and “Kinda Pregnant” and I can only imagine is being twisted in this manner purposely to mislead.

    • That calculation is provided via the multiple listing system and is based upon the last list price. It shows that at that pricing the escalated settled price suggests there were multiple offers.

  • I must have missed the original listing – but with negligible landscaping, no shutters or anything, it looks like a mausoleum.

  • I remember this listing…I think it didn’t sell at the original price because of the unusual appearance, plus definite reaching on the price. I’ve seen it from the outside in person and it’s on a busy road with 90% of the yard in front of the house – not ideal. There probably are houses in Brookland that could sell well over $600K fully renovated, but this wasn’t the one. I’ll be very interested to see what the round house finally sells for.

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