GDoN Revisited by Hipchickindc – 4321 12th Place, NE

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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: 4321 12th Pl NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 2 Basement: Yes, Fully Finished Parking: Driveway/Off Street Ownership: Fee simple
Original List Price for this listing: $500,000.
List Price at Contract: $500,000.
List Date: 07/15/15
Days on Market for this listing: 7
Days on market: 7
Settled Sales Price: $615,000.
Seller Subsidy: $0.
Settlement Date: 8/12/15
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

Commenters to the original Good Deal or Not (GDoN) post called it that the original list price, as it stood, was a great value. As is not unusual in the current DC real estate market, however, a good price attracts a lot of interest and the price ended up being pushed, assuming by multiple offers, a hearty $115k above.

According to Real Estate Business Intelligence stats, the year to date (through July 2015) median sales price in the legal subdivision of Brookland is $526,000. This is up 16.9% over the same time period in 2014, when median price was $450,000. In relation, however, to year to date increases in median sales price in other legal subdivisions around the city, Brookland falls into 10th place (in case you were wondering if DC has a housing affordability issue).

The listing agent for this sale was Kathleen Eder with Compass. Tianni Craig with Keller Williams represented the buyer in this transaction.

8 Comment

  • Would be interested to hear whether other readers consider this address Brookland. It seems decidedly in Michigan Park which makes 115k over list price even more interesting.

    • +1 I would not consider this Brookland and that price seems high.

    • justinbc

      It’s tagged as Michigan Park, and the original post called it Michigan Park as well. Not sure why the author referred to Brookland, I guess because it’s the closest “recognizable” neighborhood for most readers.

    • Yeah I would call this Michigan Park. It is high for the area, but considering what you’d pay for a move-in ready (albeit not stunningly-finished) house w CAC in, say, Hill East (where there’s almost nothing to do and houses are usually much smaller), I can see why someone would be willing to pay that.

      • Houses on 12th place, a 10 minute walk to the Brookland metro, are selling at higher prices. A good friends lives on 12th,1 block from this one, and the fixer upper across the street from him sold for almost $500,000. They will be putting in no less than $150k to bring it up to date when adding A/C, new kitchen, bathrooms, basement, etc.

  • Who is in place 1-9 re the legal subdivisions?

  • You can always count on “the greater fool” coming through in DC real estate.

  • It isn’t in Brookland, it is in North MIchigan Park.

    It would be nice if people properly identified neighborhoods. People in Edgewood, Elkridge, Woodside, North Michigan Park, and the list goes on, call themselves Brookland, but they simply are not!!

Comments are closed.