GDoN Revisited by Hipchickindc – 318 Bryant Street, NE

318-Bryant-Street-Northeast-sold

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: 318 Bryant St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 2 Baths: 2 1/2 Basement: Yes, finished Parking: Street
Square Footage per tax record: 1321
Type of Ownership: Fee Simple
List Price at Contract: $449,900.
List Date: 04/23/2013
Days on Market: 9
Settled Sales Price: $425,000.
Seller Subsidy: $0
Settlement Date: 06/3/2013
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The listing can be seen: here. To see pics, open the link above and click on the camera icon to scroll through pics.

This post is for you, buyers or potential buyers who have become jaded because every listing in DC seems to get bid up over list price. Note that it did go fast…under contract in about a week, but the buyer was able to negotiate.

For those who poo poo’ed the location in the original Good Deal or Not (GDoN) post comments, this is located at the far west end of Brookland (also referred to as Edgewood), which is within a few blocks of Bloomingdale’s emerging restaurant district. I have long said that when one area starts getting pricey, it’s time to look at the edges of that neighborhood.

Currently there are four active listings for houses in Edgewood, including two on this block priced at $365,000. and $449,000. respectively. Six houses are currently under contract, and since the beginning of the year there have been fourteen houses sold ranging from $260,000. to $599,900.

The listing agent was Jon Ferris of DCRE. Robert Alexander of Stages Premier represented the buyer.

10 Comment

  • I really like this place (great reno!), but it’s pretty far from the main commercial strip that I associate with Brookland. It’s more associated with the shitshow on Rhode Island Ave than the community centered in Brookland, IMO.

    • True, but there is a mixed use development coming to 4th and RI NE. Given the proximity to bikeshare, you can be in Bloomingdale, Rhode Island Row, or the new Monroe St Market in 10 minutes.

      This area of Edgewood has a chance to be great….expansion is coming from Bloomingdale west, Eckington South, and Brookland-CUA North.

      Or it could just continue to be a shitshow.

      • justinbc

        “If you take a bike you can be in some other neighborhood that also is ‘emerging'” isn’t the best selling point…

      • It’s not really coming from Bloomingdale west of here. There is a little matter of those two big cemeteries in the way. The best hope for this immediate little area is the commercial properties at RI and 4th; the surrounding land to the north/northeast is residential or Trinity/Catholic land. This isn’t too, too far from the Brookland development which is going to be a real amenity.

        • True, the cemeteries are in the way, but the point is that there is a confluence of development encircling the area. And if you base your decisions on the home prices in Bloomingdale, it sure seems like the neighborhood has “arrived.” If the development around Rhode Island metro continues, which is really based on the way the “shit show” is handled by the city and land owners, southern Edgewood and northern Eckington could be a major boom area. It certainly is underutilized as it is.

          • brookland_rez

            That’s what needs to happen. Redevelop Edgewood Terrace/Foreman Mills and provide better connectivity to the metro. RI Row was poo pooed by a lot of people for being development on the cheap, but hey it’s a start. That’s the best hope for that area, transit oriented development centered on the land around the metro. Of course don’t forget that Mt Calvary church owns a lot of land there and from what I’ve heard they have no interest in selling out.

  • Oops, should read that this is located at the far WEST end of Brookland.

  • I live in Edgewood and have for 2 and a half years now and just want to say it’s awesome and underrated and I’m glad to see it’s starting to be on people’s radar screens as a cool place to live. It’s super convenient: 15 minute bike ride to basically anywhere in DC, 10 minute walk to the metro, 15 minute walk to the Bloomingdale bars/restaurants/etc. If you’re a runner it’s great: you can do a 3 mile loop around the McMillan reservoir, or a 7 mile loop down to the mall and back. And it’s super community oriented – people watch out for each other, say hello when they walk by, there is a community garden and a rec center, monthly neighborhood clean-ups and BBQs, tons of kids playing in the streets. It’s a hidden gem. Come check it out!

    • brookland_rez

      I’m glad to hear you like it there. Does Edgewood Terrace ever present issues for you? I know a lot of the riff-raff there are responsible for the crime on MBT.

  • brookland_rez

    Hard to believe that Edgewood is priced up that much.

    A lot of crime still happens in Edgewood and will continue as long as Edgewood Terrace is still there. Hopefully new blood moving into the neighborhood will become a voice to redevelop the whole Edgewood Terrace/Foreman Mills/RIA area. But for now, that’s definitely a “pioneering” area still.

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