Sold in Five Days – 1413 T St NW #204

GDoN-R

Hipchickindc (aka Suzanne Des Marais) 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: 1413 T St NW #204
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: U Street
Bedrooms: 0 Baths: 1 Parking: Street Ownership: Condo
Square Footage per Tax Record: 412
Monthly Condo Fee: $197.00
Original List Price: $289,000.
List Price at Contract: $289,000.
List Date: 05/12/2016
Days on Market: 5
Settled Sales Price: $295,000.
Seller Subsidy: $0.
Settlement Date: 06/16/2016
Settled Price per Square Foot: $716.
Transaction type: Standard

Original GDoN post is: here.

The listing can be seen here: here.

Good Deal or Not Revisited recently looked at a Kalorama Studio that priced at $580. per square foot. In contrast, this studio near the U Street Corridor settled at an impressive $716. per square foot. The most recent sale in the same building for a 771 square foot one bedroom in December 2015 closed at $380,000. or $492. per square foot.

The overall price for this studio was the second lowest price for a condo in the immediate neighborhood (within ¼ miles of the subject property) since the beginning of 2016. There were two studio sales in addition to the subject property. The 24 one bedroom sales in the area this year have ranged from $355,000. to $610,000.

There is currently another (smaller at 386 square feet) studio in the building actively listed for $269,000..

The listing agent for this sale was Jason Martin with Keller Williams Capital Properties (per disclosure above, the same brokerage company as the writer). Lauren Korolevich with Optime Realty represented the Buyer.