GDoN Revisited by Hipchickindc – 913 Aspen 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: 913 Aspen St NW
Legal Subdivision: Brightwood
Advertised Subdivision per Listing: Takoma
Bedrooms: 4 Baths: 3 Parking: Garage Basement: Yes, Fully Finished Ownership: Fee Simple
Original List Price: $674,900.
List Price at Contract: $674,900.
List Date: 9/11/2014
Days on Market: 7
Settled Sales Price: $691,000.
Seller Subsidy: $0.
Settlement Date: 10/10/14
Bank Owned?: No Short Sale? No Estate: No

Original GDoN post is: here.

The original listing can be seen here: here.

You will find Brightwood at the northern part of the city, above Missouri Ave NW, and to the east of Georgia Avenue. This particular home is quite close to the pending game changing development at the Walter Reed Army Medical Center site. For those who enjoy the relative wilderness as a counter to urban life, Rock Creek Park is just on the other side of WRAMC. Buses run up and down Georgia Ave, and nearby Silver Spring and Takoma Park offer cheap parking, Whole Foods or the Takoma park Food Co-op, and plenty of restaurant choices.

For a detached single family home in the upper NW part of DC, prices are surprisingly reasonable. Current active listings for detached homes range from a home in need of significant renovation listed for $399,900. to renovated Colonial listed for $749,900. There have been 37 settled sales of detached homes in Brightwood since March 1st, 2014 ranging from $404,000. to $850,000.

The listing agents were Heather Davenport and Matt McHugh of Lindsay Reishman Real Estate, Inc. Leslie White of Redfin Corporation represented the buyer in this transaction

6 Comment

  • I Dont Get It

    I went to the open house and thought the pictures didn’t do it justice. I love this house!

  • Go Brightwood! Our little nook is growing by the month! Welcome new home owner to the neighborhood!

    • What do you think Walter Reed will do for home values up here? It is a part of the city I don’t know well but seems very charming and affordable. Am looking for an area that will stay that way!

      • I suspect they will increase significantly, though I suspect a substantial component of the increase will come from developers buying some of the more modest houses from current older and less wealthy residents for an impressive-looking but too small pile of cash, demoing them, building larger and higher-end homes in their place, and selling them for much much higher prices than the current homes would get even if renovated nicely. I live about 4 blocks north of the Walter Reed facility on the opposite side of Georgia. I have seen two smaller houses within a few blocks of me sold to developers for less than $300K, torn down, replaced with very large houses with all of the current must-have features (open floor plan, recessed lighting, etc), and sold in no time for $800K each. Meanwhile, across the street from one of those was the site of a flip fail in which the developer initially put a modest renovation of a typical house in the neighborhood on the market for something over $600K and finally sold it for $475K after about 3-4 months on the market. I have received several postcards from developers offering to buy my house for cash. No doubt it would be way more than I bought my house for, but nowhere near enough to buy anything else with – those offers have some initial appeal but would be one-way tickets back to the rental market and on the fast-track to getting priced out of the entire DC metro area for most of the residents who have been in the neighborhood for a while.

  • We were going to go to the open house, but once we saw the proximity to the Motel 6 on GA Ave (basically across the street), decided not even to get out of the car. There’s no way I’d feel comfortable with my kids that close to whatever activities transpire there.

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