GDoN Revisited-Revisited by Hipchickindc – 3521 17th Street, 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: 3521 17th St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 4 Baths: 3 Basement: Yes, Fully Finished Parking: Driveway/Off street Ownership: Fee simple
Original List Price for this listing: $749,000.
List Price at Contract: $749,000.
List Date: 09/15/2015
Days on Market: 8
Settled Sales Price: $803,000.
Seller Subsidy: $0.
Settlement Date: 10/16/2015
Transaction type: Standard

Original GDoN post is: here.

Original GDoN-REVISTED post is: here.

The original listing for the recently renovated property can be seen here: here.

This would be a Good Deal or Not Revisited-Revisited. Back in April, we took a look at this settled sale when the home was not in great shape and closed at $450,000. You can see the before pics here.

The newly renovated property received a total of four offers, three of which were reported to be over $800,000. Here are the < a href="" target="_blank">After pics

You might recall that Brookland recently hit the seven figure benchmark.

The listing agent for this sale was Atieno Okelo with DC Home Buzz. Judy Cranford with Cranford & Associates represented the buyer in this transaction.

14 Comment

  • Nobody is more Pro-Brookland than me, but even I think this is B-A-N-A-N-A-S. $800K for a smallish bungalow a mile from the Metro? I would have said no more than $699K. As a Brookland homeowner, I’ve gone from be thrilled by these prices to terrified, because when the fall comes, it’s going to hurt.

    • I felt the very same way about Petworth – especially after the last fall in 2009. But then we sold our house earlier this year – after five days on the market and for $75K over our asking price. My only fear now is that we’re squeezing out the middle class in this city.

    • I am going to have to agree on the bananas front. This house is really small. I doubt they put more than 150k into it so the flipper made a tidy little profit on this one. The nice thing about bungalows is they can be expanded in nice ways architecturally. However at 800k, not sure how much you have left over to do that.

      • That’s the thing – I can’t understand what value the flippers added to this. They opened up the kitchen and re-did the bathrooms. Re-did the basement. However, I don’t think they did any structural work aside from removing the kitchen wall. Looking at the photos, I’m 98% certain that they didn’t even replace the roof.
        Any work that was done was purely cosmetic. Someone grossly overpaid, IMHO.

    • I wouldn’t sweat a potential housing bust. Even the 2009 fall in DC was more like a dip, and now that the city has corrected for decades of underdevelopment, that’ll probably be the case for the discernible future. That doesn’t help with how insanely unaffordable the city’s becoming, of course, and how slim the housing supply is. This house isn’t my favorite and I’m wary of renovations like this, but as a fairly new Brookland homeowner myself, I can’t blame people for paying a lot to live in a really lovely neighborhood if they can manage it.

  • Glad to see they kept the staircase and the wood trim and didn’t do a full-on open concept. I like the choices they made in the kitchen– subway tile, grey cabinets, counter top, pot filler, range hood. I wonder if the doorway by the fridge is a pantry– if so, that would be awesome. I would love to have a walk-in pantry area.

  • I covet this renovation…and bungalows in general. However 800k was about double our price range when we bought our house.

  • Html fail above. Here is the link to the after pics (may need to cut and paste into browser):

  • I don’t know if it is a good deal, but I love how they renovated this house, and I am so glad they kept the original trim!

Comments are closed.