Sold in Six Days – 1018 Park Rd, NW – “for more than $100,000 over list price”

GDoN-R

Hipchickindc (aka Suzanne Des Marais) is a licensed real estate broker. She is an associate broker with Bediz Group, LLC at Keller Williams Capital Properties . 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 and/or Real Estate Business Intelligence (RBI). Information is deemed reliable but not guaranteed.

Featured Property: 1018 Park Rd NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 4 Baths: 2.5 Parking: Driveway Ownership: Fee Simple
Lot Square Footage: 2501 square feet
Original List Price: $899,900.
List Price at Contract: $899,900.
Original List Date: 02/17/2016
Days on Market: 6
Settled Sales Price: $1,009,800.
Seller Subsidy: $0.
Settlement Date: 03/18/2016
Transaction type: Standard

Original GDoN post is: here.

The listing can be seen here: here.

A number of commenters to the original GDoN post expected this home to sell above list price. It actually sold for more than $100,000 over list price.

Looking back over the past six months, there have been only three total sales in all of Columbia Heights over $1,000,000., including this transaction. In 2015, there were a total of 15 seven figure sales in Columbia Heights, and 12 in 2014. The average sold price for fee simple attached houses in Columbia Heights in March 2016 was $732,049.

The listing agents for this sale were Trent Heminger and Kevin Gray with Compass. Lita Dunn with Redfin Corporation represented the Buyer.

28 Comment

  • This home was very tastefully done and seemed to retain much of its originality as opposed to the open floor plan rehab look. Had a nice garden as well if I remember correctly.

  • It is an absolutely beautiful home (see the opposite of generic cheap flip job) in a great location! Not surprising

    • What is so great about the location? It wouldn’t be my first choice, even for Columbia Heights.

      • Five minute walk to the metro, right around the corner from the 11th St restaurants, but quieter than being right on 11th, bikeshare and bus lines nearby. If you want to live in Columbia Heights it’s pretty damned great.

  • This looks like a Pintrest house. And that backyard is a mosquito haven – yikes!
    Still, really tasteful renovations.

  • I think these type of tastefully owner-renovated and well kept homes are going to be attracting a premium especially in areas where developers are doing crappy flips.

    • seriously, there are getting to be less and less that are thoughtfully done. although many dual income families simply don’t have the time to renovate, so there’s definitely a place for developers to do the hard work for some people. just gotta do your due diligence on the developer.

      • The fact that many developers hide under LLC names — with a new LLC name for each project — makes the due-diligence bit more difficult.

  • Not a surprise at all. There was no way that house was going to sell for 899k!

  • Really nice renovation, other than the kitchen. They cheaped out there. But still an excellent job.

    • How did they “cheap out” in the kitchen? I think it is nicely done with the space.

      • Cheap appliances, cheap cabinets, cabinets don’t go all the way to the ceiling. Also, it’s a bad layout with the range right next to the refrigerator. I realize if they don’t want to reconfigure their options were limited, but it’s a small, not terribly functional kitchen plopped into an otherwise very carefully renovated home.

        • Question: Does one have to spend the extra money to reconfigure or upgrade their kitchen to the potential liking of the future home owner to sell a house? The current layout was suitable for the owner and obviously good enough to sell the house. So from a purely financial perspective, it was wise for them not to spend the money to upgrade appliances, cabinets, etc because it sold as is, right?

          • No, for me I’d rather see a kitchen like this, or worse condition is fine. I can live with it for however long and eventually renovate it to my taste. It sucks when I see a newly renovated kitchen with new counter tops, backsplash, appliances, etc, but I hate everything about it.

          • So I agree Formerly ParkViewRes. Rock Creek and Warder myself by the way but yes, why spend 4 or 5 figures renovating a kitchen running the risk of narrowing or eliminating your buyer pool when the prospective buyers can do as you said. Live with it as is and renovate to their liking over time.

          • HaileUnlikely

            Completely agreed.

          • Agree with @Formerly, all too often are ugly renos with mismatched loud backsplashes. I’d prefer this one. Not sure how @dcd can see how cheap the appliances and cabinets are from this picture but to each their own.

          • Absolutely, I don’t mean to imply that they should have renovated this kitchen to sell the place. It was good enough for them, and it’s not really bad. But it is clearly inferior to the rest of the house.
            @Anony – I can tell the cabinets and appliances are cheap because I recently completed a kitchen renovation, and have spend more time than I can possible convey looking at appliances and cabinets. Plus, I had that range at my old place and hated it.
            It’s not an awful kitchen, but it is significantly at odds with the rest of the house. That’s all I was saying.

        • Are cabinets supposed to go all the way to the ceiling? Where do you put your baskets and vases and once-a-year items like turkey rack and holly-patterned platter??

          • In the cabinets so it doesn’t look all cluttered and hodge-podgey!

          • It’s a pet peeve of mine. I cringe when I see kitchen renos without cabinets that go all the way to the ceiling. All I can think is I am never going to put anything up there and it will collect so much dust. I prefer the extra cabinet space.

          • It’s the dust that makes it a non-starter for me. Plus, more storage space is always nice.

      • I thought the kitchen looked very attractive. I like the fact that it’s very plain — white cabinets, light gray backsplash, slightly off-white quartz (?) countertop. It’s not going to look dated the way the ones with the busy backsplashes or unusual cabinet colors are.

  • I went to this open house. The place is beautiful. So many thoughtful details went into the restoration–e.g., sconces above the fireplace, stone mantle, restored period hardware on the doors, a light in the newel post, etc. The photos do not do the house justice. It’s also in an awesome location right next to the 11th street strip. I am not surprised at sale price. I would love to live in this house!

  • oh God. there is no hope. I will never own a house in DC.

    *weeps softly into her tea*

    • This is an unusually nice house in a very popular (and expensive) neighborhood. Take heart — not all of D.C. is this expensive.

  • wasnt the problem with this home that it had only 1 full bathroom upstairs? Otherwise, very very lovely.

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