GDoN Revisited by Hipchickindc – 422 Butternut Street, NW #T-6

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 withrepresented 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: 422 Butternut St NW #T-6
Legal Subdivision: Brightwood
Advertised Subdivision per Listing: Brightwood
Bedrooms: 2 Baths: 2 Basement: No Parking: Assigned
Ownership: Condo
Monthly fee: $350.00
Square Footage per tax record: 907
Original List Price for this listing: $319,900
List Price at Contract: $319,900
List Date: 08/12/15
Days on Market: 7 (Same unit was previously listed this summer and did not sell at that time)
Settled Sales Price: $317,900.
Seller Subsidy: $9,537.
Net price per square foot: $339.00
Settlement Date: 10/2/15
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

Located at the eastern edge of NW DC that brushes up against Takoma Park, Maryland, this condo prices significantly lower than most of the downtown DC units profiled in Good Deal or Not Revisited (GDoN-R). Whereas units in downtown locations tend to price in the $500’s and $600’s per square foot for recently renovated buildings, this terrace unit came in at $339. per square foot, and that was not even including the assigned parking space.

Butternut Court was originally built in 1931 and converted to condos in 2010. The entire 30 unit building appears to have been updated at that time. Admittedly not in the thick of urban living, this building appears to be a good option for buyers looking to be close to Metro, and value the larger space for the price. Downtown Takoma Park is within blocks, as is the (free to DC residents) ginormous indoor swimming pool at the Takoma Rec center.

The building has assigned parking, a bike room, and a small fitness room. It also appears relatively common for sellers to provide a subsidy toward closing costs, which is much less typical in neighborhoods at the center of the city. There are not any current active listings available in the building.

The listing agent for this sale was Kymber Lovett-Menkiti with Menkiti Group at Keller Williams Capital Properties. John Medaris with EXIT Advantage Realty represented the buyer.