GDoN Revisited by Hipchickindc – 1459 S 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: 1459 S St NW #1
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Logan
Bedrooms: 2 Baths: 2 Parking: Street Ownership: Condo
Original List Price: $679,000.
List Price at Contract: $679,000.
List Date: 01/24/2015
Days on Market: 4
Settled Sales Price: $679,000.
Seller Subsidy: $0.
Square Footage reported in listing: 1200
Settled Price per Square Foot: $565.
Settlement Date: 02/26/2015
Bank Owned?: No Short Sale? No Estate: No

Original GDoN post is: here.

The original listing can be seen here: here.

About a year ago, this property looked like this and was sold to a cash buyer for $950,000. It was subsequently subdivided into two condominium units. The subject property is a terrace level flat, which suggests that the upper unit includes the two above grade floors. There is not currently listing information available I the multiple listing system for the larger unit.

If you’re interested in living and buying in this immediate area near Logan Circle, and you have less than a $700,000. budget and want two bedrooms or more, there are currently a total of four active listings.

The listing agent for this sale was Roby Thompson with Long & Foster Real Estate, Inc. Connie Fisichello with DC Home Buzz represented the buyer in this transaction.

9 Comment

  • This is underground, not a “terrace level flat.”

  • That’s a lot of green beans for a basement.

  • Anonomnom

    Crazy to see a basement unit go that high! Of course, it was done beautifully.

    And, as an owner of a basement unit myself, I mean crazy in a good way 🙂

  • Wait, is that a basement-level iPad?

  • Is there a decent inventory of 2-br condos that are above $700,000? Or are there just simply very few 2-br units in the area? (Not asking about townhouses.)

    • I cannot speak to higher end condos specifically, but condo inventory has been low for a while, and it gets worse for 2bd+.

  • I wonder what a non-swanked up basement apt. could realistically be sold for? Could there be a market for affordable purchase – and a reasonable profit for the developer – in just making a “clean well-lighted” kind of place without the granite/stainless/marble etc.?

  • Well, since I have a preference for light, views, safety of my windows, and fear of flooding, a basement unit like this at half the price would still not seem like a good deal to me – not to Iive there anyway – maybe to rent out.

  • The MLS is incorrect in that there was a $10,000 seller subsidy. The upper unit sold for well over a million dollars before it ever went on the market.

Comments are closed.