Sold in 14 Days – 1423 Trinidad Ave, NE

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 Smartcharts by Showingtime). Information is deemed reliable but not guaranteed.

Featured Property: 1423 Trinidad Ave NE
Legal Subdivision: Trinidad
Advertised Subdivision per Listing: Trinidad
Bedrooms: 3 Baths: 2 Parking: Off Street Ownership: Fee Simple
Original List Price: $559,000.
List Price at Contract: $559,000.
List Date: 08/19/2016
Days on Market: 14
Settled Sales Price: $625,000.
Seller Subsidy: $17,500.
Settlement Date: 10/07/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listings can be seen here: here.

Adjacent to Gallaudet University, the NE DC neighborhood of Trinidad has benefited from the buzz and commercial activity around the nearby H Street NE corridor, which it is just north of. In recent years, the area has experienced new construction condos, as well as condo conversions of many of the plentiful post World War II-built brick four unit buildings. Investors have additionally been buying up the fee simple houses and, like much of the city, have been commanding steadily increasing prices over the past several years.

Real estate stats for September 2016 were just released.

Comparing September 2016 to September 2015, reveals unsurprisingly that Trinidad is seeing concrete signs of an evolving neighborhood, such as a 20% decrease in the median number of days that properties remain on the market (down to 32 days). Other significant numbers include a 9% increase in median sold prices over last September (to $395,000.), and a big jump in the total volume sold by over 25% in relation to the same month last year.

If you are curious what you could currently buy in Trinidad now, you can click to see active listings here. Prices for available properties range from $199,900. to $749,900.

The listing agent for this sale was Allen Pierce with Coldwell Banker Residential Brokerage. According to the listing, Allen Pierce also assisted the Buyer.