GDoN Revisited by Hipchickindc – 1753 Harvard Street, NW


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: 1753 Harvard St NW
Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 3 Baths: 2 Parking: Drvwy/Off Str Basement: No Ownership: Fee Simple
Original List Price: $729,000
List Price at Contract: $729,000.
List Date: 8/18/2014
Days on Market: 8
Settled Sales Price: $729,000.
Seller Subsidy: $0.
Settlement Date: 9/22/14
Bank Owned?: No Short Sale? No Estate: No
Original GDoN post is: here.
The original listing can be seen here: here.

This compact and efficient modernist rowhome settled for exactly list price. This might seem an anomaly, particularly if you are a buyer making offers on the same houses that everybody else wants (or are a regular reader of Good Deal or Not Revisited). In reality, though, year to date, the average ratio of sold price to original list price around the city is 97.8%, suggesting that there is some negotiating below list price going on somewhere.

Anecdotally, agents around the city are noticing slower activity on listings and are publicizing more price adjustments than even a few months ago. With mortgage financing still at low interest rates, this Fall may be a good time for prospective buyers who bailed from looking during the high competition season.

The listing agent was Jeffrey Jackson of Keller Williams Capital Properties (which, per disclosure above, is the same brokerage affiliation as the writer). Ed Carp of Continental Properties represented the buyer in this transaction.

7 Comment

  • Question: Is this actually part of the Mount Pleasant Historic District?

  • This is a row of great houses. I looked at one back in 2002 or 2003 and unfortunately couldn’t afford it at that time (price was just under $400k, I think). I ended up buying in Bloomingdale a few months later for half the price. What’s surprising to me is that, while my Bloomingdale house has quadrupled in value, this house only went for twice what they were selling for ten years ago.

    • Not sure I find that surprising. I think you caught the early wave of property increases in Bloomingdale, whereas the Adams Morgan/Mount Pleasant area was a little farther along that wave. Presumably, Cleveland Park had even slower appreciation in the last ten years (I.e., less than a 100% increase).

    • Yeah, but 20 years ago, Mount Pleasant was already at the stage where Bloomingdale is today.

  • Those are pretty cool properties for DC! I think some architect I used to know lives around there. Wish more of DC looked like that.

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