GDoN Revisited by Hipchickindc – 1438 Corcoran 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: 1438 Corcoran St NW
Legal Subdivision: Logan Circle
Advertised Subdivision per Listing: Old City #2
Bedrooms: 4 Baths: 4.5 Parking: Driveway/Off Street Basement: No Ownership: Fee Simple
Original List Price: $1,995,000.
List Price at Contract: $1,995,000.
List Date: 11/14/2014
Days on Market: 8
Settled Sales Price: $1,900,000.
Seller Subsidy: $0.
Settlement Date: 1/7/2015
Bank Owned?: No Short Sale? No Estate: No

Original GDoN post is: here.

The original listing can be seen here: here.

This property last transferred in 1998 for $360,000. Although the main pic on the listing reflects a new modern property, this is actually an addition off the back of the home, which is a traditional bay front Victorian on the front. The interior pictures suggest a complete renovation, including removal of the original stairs and replacement with fabricated steel floating staircase. Per the listing, the design was done by Studio Palmera in 2007.

Since July 2014, there have been a total of 101 settled house sales in the price point between $1.5 million and $3 million. The vast majority of these sales occurred in NW DC, with a hand full in Capitol Hill. During the same time period a year ago (July 1, 2013-January 15, 2014), there were a total of 124 fee simple sales in that price range. In contrast, from July 2014-present, there have been a total of 479 fee simple sales in the price point of $500,000.-$700,000.

The listing agents were Marc Fleisher and Daniel Hines with Long and Foster Real Estate, Inc. Jo Ricks with City Houses, LLC represented the buyer in this transaction.