GDoN Revisited by Hipchickindc – 1517 Church St, NW #C


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: 1517 Church St NW #C
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Logan Circle
Bedrooms: 3 Baths: 3 Parking: Driveway/Offstreet Parking Space Conveys Fireplace: 1
Type of Ownership: Condo
Living Area Square Footage Per Tax Record: 2431
List Price at Contract: $1,475,000.
List Date: 08/01/2013
Days on Market: 13
Settled Sales Price: $1,520,000.
Seller Subsidy: $0.
Settled price per square foot: $610.
Settlement Date: 08/26/2013
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.

Tax records indicate that 1517 Church St NW was a single family rowhome when it was purchased in 2004 by the developer for $750,000. It was renovated into three condo units, including the subject property, which occupies the top two floors and roof deck. There are two deeded parking spaces for the building.

When this unit first sold in 2006, it settled for a purchase price of $1,300,000. Although that year marked what many real estate agents recall as the beginning of the burst (or at least a slow leak in some neighborhoods) of the real estate price bubble, there were three other condos in the immediate area (within .25 of a mile of the subject) that also sold that year over one million dollars.

So far in 2013, there have already been nine condo units in the neighborhood (including the subject property) that have transferred in the seven figures. This was the second highest price so far this year. A penthouse unit recently sold at the Cooper Lewis at the corner of P and 14th St NW for $1,550,000.

The listing agent was Chuck Holzwarth, Jr. of Washington Fine Properties. Martin Toews of Coldwell Banker Residential Brokerage represented the buyer.

15 Comment

  • Good Lord Jesus that’s a lotta coin!

  • MUCH more desirable than that penthouse on Church St. for 1.4 mill.

      • This is the penthouse on church street

        • You think you’re so smart. Go back and look at POP’s posts about real estate this week (or last?) and you’ll see another Church street penthouse that’s for sale around the same price.

          Anywho, I’d like to meet the people who are buying these places and ask them, “Dear lord, WHY?”

          • Why? because they can. Jealous much?

          • The “Jealous much?” pejorative is extremely dubious. Of course most people are jealous that someone can afford to spend 1.5 mill on an apartment. Get real.

          • Actually, no. I could afford this, but I would never buy it. A purchase like this seems like stupid new money to me. That’s really why I’d like to meet the people who are buying these places, to see whether my assumptions are true.

        • I smell bs. Easy to say anonymously that you can afford this. Clearly you’re just jealous

          • And you must be one of those people who would (or did) purchase something like this. I’d love to chat to understand why you would choose a place like this.

          • I believe [email protected]:39 already answered your question. They could very well smart and practical people looking for (1) the convenience of downtown living (2) something bigger than a typical condo and (3) none of the responsibilities involved in taking care of a 100 year old townhome with green space.

            Bottom line: Whoever bought it presumably has the money and liked the place. That this is their style doesn’t make them “stupid new money.” Why be so snide about people you don’t even know?

            “Dear lord, WHY?” you ask. I ask you: “Dear lord, WHY do you care?”

          • I don’t really, except to the extent that the real estate market fascinates me and I like to try to understand the psychology behind it. Also, isn’t the point of these posts to judge people and insert our own opinions on the sale? It’s much more fun to write a snide comment than a polite one. As I am sure you can understand, considering you couldn’t help but take the bait and respond in kind.

        • [email protected]:09; Sure you could buddy. And I bet you date a supermodel from the Niagara Falls area.

  • I claim the top bunk!

  • This just isn’t THAT much money. There are TONS of houses in Northern Virginia and Maryland selling for 1,000,000+, so to say that the nicest condos in the most expensive area of the city are worth only $1,500,000 is a bit surprising. I think there is still upside here. There are plenty of families in this area that can afford 2,000,000+, so it is certainly nice to see those people choosing DC, and the urban parts of DC especially.

Comments are closed.