GDoN Revisited by Hipchickindc – 779 Harvard Street, NW


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: 779 Harvard St NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 2 Baths: 3.5 Basement: Yes, Fully Finished Parking: Street Ownership: Fee simple
Original List Price for this listing: $614,900.
List Price at Contract: $614,900.
List Date: 09/24/2015
Days on Market for this listing: 14
Settled Sales Price: $610,000.
Seller Subsidy: $3000.
Settlement Date: 11/12/2015
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

Commenters on the original Good Deal or Not (GDoN) post were pretty harsh. Regardless of the opinions, the property moved quickly off the market in two weeks.

$600,000. was considered a benchmark price, in terms of gaining value momentum, for some neighborhoods a few years ago. In recent times, it has become a challenge to find fee simple homes in move in condition in downtown locations under $650,000. Currently, the majority of homes actively listed for sale in NW DC under $650,000. are in the northern subdivisions of Petworth and Brightwood. You can see the full list here.

The listing agent for this sale was Veronica Sava-Gonzalez with Compass. Scott Frost with Coldwell Banker Residential Brokerage represented the buyer in this transaction.

2 Comment

  • Please define “move-in condition” and “downtown location.” Does that equate to recently updated? I didn’t think inhabitable homes or shells were going that high throughout the city. Because if we are using Columbia Heights, Petworth and Brightwood as examples of downtown locations, then just about the entire city is a downtown location. ijs

    • I read those two sentences to be a contrast: (1) it is really hard to find homes downtown for under $650,000. (2) but there are still homes up north — in Petworth and Brightwood — for that price.

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