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: 4330 Blagden Ave NW
Legal Subdivision: Crestwood
Advertised Subdivision per Listing: Crestwood
Bedrooms: 5 Baths: 3
Living Area Square Footage per Tax Record: 2516
Lot Size per Tax Record: 7712
Original List Price for most recent listing: $960,000.
List Price at Contract: $895,990.
List Date: 1/4/2013
Days on Market: 247
Settled Sales Price: $896,000
Seller Subsidy: $10,750.
Settlement Date: 04/08/2013
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The listing can be seen:here .
Crestwood has the benefit of being tucked right over Rock Creek Park, yet is also just off 16th Street NW for a relatively quick trip downtown. Those who prefer Metro may not find it desirable, but buses run regularly up and down 16th. Some of us like to be smack dab in the middle of the urban environment, and plenty of folks enjoy the kind of retreat that a neighborhood like this provides.
In a real estate market where buyers are likely to miss out on the property of their dreams if they blink, this home was on the market for a considerable amount of time. There were actually several versions of the listing. The days on market above reflects the data in the most recent listing. In cases like this, we typically look to the price in relation to location as the culprit.
Back in 2004, which was during the climbing slope prior to the real estate bubble, the house sold in good condition (but not tricked out) for $659,000. In October 2011, the property went for net $480,150. as a short sale. In April 2012, the property was listed at $1,225,000. It failed to sell at that time despite some pretty schmancy staging. To see the difference between staged décor and professional photos vs. an unfurnished house, click the link above for the listing and click on the camera icon.
The listing agent was Brian Thomas of KL Associates, Inc. Marjorie Dick Stuart of W.C. & A.N. Miller Realtors (A Long and Foster Company) represented the buyer.