Sold in Six Days – 2001 12th St, NW

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: 2001 12th St NW #113
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 2 Baths: 2 Parking: Garage parking Ownership: Condo
Monthly Condo Fee: $383.00 Square Footage per Listing: 1183
Original List Price: $599,900.
List Price at Contract: $599,900.
List Date: 06/23/2016
Days on Market: 6
Settled Sales Price: $630,000.
Seller Subsidy: $0.
Settled Price per Square Foot (adjusted for parking & exterior square footage): $615.
Settlement Date: 09/01/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listings can be seen here: here.

Although hard to fathom in the present, The Lincoln Condominium, just off U Street, was a pioneer and trail blazer in its early days. Newly built and delivered in 2000, the 156 unit block-sized building was a huge (literally and figuratively) addition to an area that, at the time, was still populated by abandoned properties and limited commercial activity. EYA’s Harrison Square townhomes were built around the same time. Pre-Whole Foods, 2 bedroom units sold new in The Lincoln for around $150,000.

In addition to bringing the vitality of new construction, The Lincoln adhered to the large building condo trend of the early 2000s, known as the high amenity building. The common amenities include a staffed front desk, garage parking, a gym, elevators, community rooms, and a roof deck. In current new construction, we’re seeing a wider array of community-wide perks in big rental buildings.

Not surprisingly, given the consistent growth of the U Street Corridor, prices in The Lincoln have increased exponentially, along with real estate values of nearby houses and other condos in the area.

The listing agent for this sale was Chelsea Traylor with Redfin Corp. Federico Glucksman-Kuis with Keller Williams Realty represented the Buyer.