GDoN Revisited by Hipchickindc – 309 Seaton Place, NE


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: 309 Seaton Pl NE
Legal Subdivision: Eckington
Advertised Subdivision per Listing: Eckington
Bedrooms: 3 Baths: 3.5 Basement: Yes, Fully Finished Parking: Street Ownership: Fee simple
Original List Price for this listing: $699,900.
Property first listed by other agents in May at $799,000.
List Price at Contract: $699,900.
List Date: 06/11/2015
Days on Market for this listing: 5
Days on market for May 2015 listing: 67
Settled Sales Price: $699,900.
Seller Subsidy: $1500.
Settlement Date: 07/15/2015
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

Here is yet another example of a home that sold significantly lower than what it was originally optimistically priced at. Even in a fast paced market with heavy demand, initial pricing is key to a quick sale.

Just across North Capitol from its NW DC neighbor, Bloomingdale, Eckington is a NE DC neighborhood that has fee simple attached rowhomes that range significantly in size and price. The south and west ends of the neighborhood feature Victorians with turrets and bays. There are a few large detached homes, however, the majority of the housing stock are porch front houses similar to the subject property.

The highest price paid to date for a house in Eckington is $910,000., which has happened twice (once this Spring, and once in 2014). The bulk of home sales in this neighborhood fall into the $500,000. and $600,000’s.

There are currently 5 fee simple homes actively listed and 7 condo units listed.

The listing agents for this sale were Trent Heminger and Kevin Gray with Beasley Real Estate LLC. represented the buyer in this transaction. Nathan Guggenheim with Washington Fine Properties represented the buyer.

4 Comment

  • The comments on the original GDoN don’t tally with the listing photos. Did they make significant changes since the GDoN post?

    E.g. lots of commenters criticized the lack of island in the kitchen, but the photos show an island. There was also apparently an issue with some “underground” stairs under the deck? And the lack of stairs down from the deck to the back yard, yet the photos show those stairs.

    • See the break down of transaction details. This property was listed by a different agent and then re-listed by new agents.

    • Ha! No, this was the one where they had to build a tiny pit with two steps going down and right back up outside the basement door walk out. This was to make code because they built the main beam of the back deck too low, you have to have certain headroom for egress. Curiously (or perhaps not) the new pictures don’t show that part of the backyard any more. It doesn’t look like they regraded, so it’s probably still there! They did add the island, though.

  • This house sold for $410k in October 2014. What did they do during the “refurb” that is worth another $400k?

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