GDoN Revisited by Hipchickindc – 407 Delafield Pl, NW

Exterior (Front) -

Hipchickindc is a licensed real estate broker. She is the President of 10 Square Real Estate. 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: 407 Delafield Pl NW
Legal Subdivision: Petworth
Advertised Subdivision per Listing: Petworth
Bedrooms: 3 Baths: 3.5 Parking: Driveway/Off Street Ownership: Fee simple
Original List Price: $599,900.
List Price at Contract: $585,000.
List Date: 04/09/2015
Days on Market: 35
Settled Sales Price: $580,000.
Seller Subsidy: $0.
Settlement Date: 06/10/2015
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

This property garnered a lot of comments on the original Good Deal or Not (GDoN) post. Located just a bit northeast of Sherman Circle, the newly renovated home features a contemporary style, and an unusual amenity at this price point…a private roof deck.

Petworth currently has 42 fee simple listings in active inventory ranging in price from $375,000. to $859,000. That is 16% fewer active listings than in May 2014. The median price for settled sales in Petworth has increased nearly 9% compared to May of last year, rising to $588,000.

The listing agent for this sale was Philip DiRuggiero with Greenline Real Estate, LLC. Theresa Hellman Taylor with Keller Williams Capital Properties represented the buyer in this transaction.

8 Comment

  • My only gripe about that house was the baby puke-color they chose for the exterior. Such an eyesore!

  • Surprised it went under asking price. I mean the location isn’t that terrible.

  • That color of that house is really a turn off. Why do certain residents in the city pick the craziest colors to paint their homes. I don’t get it.

    • HaileUnlikely

      While I fundamentally agree, given the size and physical characteristics of the house (interior rowhouse with small frontage), an ambitious DIY-er could repaint it for probably $300 total including all equipment.

      • Of course the paint probably wasn’t responsible for the 20K drop between the initial asking and sale. I’m curious to know if this is a one off or a market indicator?

        • I don’t think it should be considered an indicator, the house was priced just a wee bit too high. If they had priced it a bit lower to start they probably could have ended up with more then 580k when it was all said and done.

        • Well the house two door down sold for $565 this past fall, so the trajectory is still up in this neighborhood.

Comments are closed.