GDoN? “Total tranquility” edition (reader request)

DC8471088 - Exterior (Front)

This house is located at 1208 Gallatin Street, Northwest. The listing says:

“HUGE PRICE REDUCTION, BEST HOME AT THE BEST PRICE! totally renovated craftsmen bungalow! Sun-filled entertainer’s delight features open floor plan, gourmet kitchen, custom backsplash, upgraded lighting & ss appliances, hand layered stone hearth, gorgeous hwd flrs, vaulted ceilings & french doors, off street parking, 2-story deck w/hot tub leads to Zen garden & outdoor living. Total tranquility.”

You can see more photos here.

This 4 bed/3.5 bath is going for $749,900.

15 Comment

  • Nice-looking house.

  • Seems pretty nice, but the Redfin price history would scare the crap out of me.

    It sold in 2011 for $315,000.
    Then, sold again in 2012 for $640,000.
    Now, in 2014, it’s for sale again $750,000.

    • Why is that scary? Seems like the story of real estate prices in DC (esp NW) over the past 5 years.

      • Double in a year? That seems like a flip to me. Then it was sold two years late supposedly for $100,000 more which means it supposedly appreciated $50,000+ per year? Add to that the original list price was higher based on the “huge price reduction” comment. Yeah that would make me wonder.
        I also wonder what the original list price was if they felt then needed a “huge price reduction” to move it.

        • I don’t know. Doubling in price after a flip (even a bland flip like this) is par for the course around here – 315 seems a bit low for a house of this size and location, even in 2011. Watching real estate prices spiral up and up in nearby neighborhoods (see Shaw), 100k in 2 years doesn’t strike me as bizarre. The more relevant comparison is similar detached homes in similar condition in this neighborhood (which I don’t know) rather than the price changes of this particular property.

    • The jump from 2011 to 2012 was probably the initial flip/gut renovation. Ok, no surprise there.
      Have property prices really appreciated by $110K in two years? Meh, hard to tell. It is far from the Metro, so maybe it goes for $735K.
      That said I’m a sucker for awesome decking and sunken jacuzzis. Looks so nice for entertaining.

  • gotryit

    Nice neighborhood too! And it’s just down the street from the elementary school, so it’s good for families with kids.

  • Renovation is very Burke, VA. And it’s not close to the Metro. $750k seems too high, to me.

    • It’s by at least two major bus lines, though.

      • Sure – not saying it’s isolated or anything, but being near the Metro rather than the bus still commands a premium in most places. This was on the market for two weeks before going under contract, so my guess is that there wasn’t a bidding war and it will go a little under list.

  • jim_ed

    Fair price for the neighborhood. That area of Georgia is generally very quiet, nonsense wise. There used to be a real sketchy crew that hung out at the carryout in the gas station across the street ( I once watched two dudes in wheelchairs have a fistfight), but they seemed to have moved on. It’s awfully close to the firehouse at Georgia and Gallatin, so I would definitely make sure to check out the sound level inside before purchasing though. Also, this is either delightful or horrifying depending on your disposition, but that area distinctly smells like fried chicken 12+ hours a day due to the Popeye’s a block away.

  • In any event, it’s under contract now.

  • I walk past this place almost every day. This is a nice block with friendly neighbors. Price seems about right considering what other places nearby west of GA Ave have gone for.

    Within sight of Three Little Pigs!

  • I drive by this house daily. So this house if closer to 16th would be an 775k- 800K? Is it zoned for Deal? If not I say overpiced. It is very difficult to know the ‘value’ of a neighborhood unless you live there and basically monitor every sale.

  • its definitely not a craftsman as claimed…

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