GDoN Revisited by Hipchickindc – 520 N St SW #S426


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 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: 520 N St SW #S426
Legal Subdivision: None noted
Advertised Subdivision per Listing: SW Waterfront
Bedrooms: 0 Baths: 1 Parking: Available on site for rent
Type of Ownership: Cooperative
Finished Square Footage per tax record: 555 square feet
List Price at Contract: $145,000.
List Date: 05/25/2013
Days on Market: 18
Settled Sales Price: $136,702.
Seller Subsidy: $0.
Settlement Date: 07/16/2013
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.

Given its proximity to the waterfront, the National Mall, Arena Stage, Nats Stadium, and public transportation, it is somewhat perplexing that the Southwest quadrant of the city is often overlooked by prospective purchasers. We may see more interest in the coming years, as there is major redevelopment planned for the area (similar to what has been going on in NOMA). Of course, the prudent time to buy in is before all that happens.

Many of the current purchase opportunities in SW are in cooperatively owned buildings. Here is a brief description of cooperative ownership from a prior Good Deal or Not Revisited post. Note that Harbour Square, which the subject property is part of, is not subject to affordable housing restrictions.

Sales of co-op units in SW since February 2013 have been plentiful. They range from the transfer of a $70,000. studio unit in the Charles Goodman designed River Park to a $749,000. sale in Harbour Square. You can see the pics and details for these units, as well as what is currently active in the neighborhood here.

The listing agent was Gene Misurella of Weichert Realtors. Heather Graves of Central Properties represented the buyer.