3521-17th-Street-Northeast-sold

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: 3521 17th St NE
Legal Subdivision:  Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 1.5 Parking: Listing says “off site”  Ownership: fee simple
Original List Price: $440,000.
List Price at Contract: $440,000.
List Date: 02/25/2015
Days on Market: 9
Settled Sales Price: $450,000.
Seller Subsidy: $0.
Settlement Date: 04/20/2015
Transaction type: Per listing, “Other/Undisclosed”

Original GDoN post is: here.

The original listing can be seen here: here.

This property was on the market in February.  The transaction type in the listing (this is where information such as being an estate sale or foreclosure is noted) is identified as “Other/Undisclosed”, so we don’t really know why it took two months to settle.  Generally, if the transaction type is anything other than “Standard”, there could be some aspect of the deal that takes some time to be resolved, sometimes through third party approval (such as a representative of an estate, or an asset manager at a bank).

As was noted in the comments, properties in this ready to renovate condition have been wildly competitive to attain, so it is of interest that the price only escalated $10,000. above list.

Completely anecdotally, since we won’t see the numbers to tell the full story until after the fact, the current DC Spring real estate market is running at a ridiculously fast pace with incredible momentum.  Considering that interest rates are about a point lower than they were a year ago, with expectations that they will creep up again this summer, and extremely low listing inventory, expect to see DC housing purchase prices increase over the next few months.

The listing agent for this sale was Kas Divband with Redfin Corp.  Atieno Okelo with DC Home Buzz represented the buyer in this transaction.

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8th and Monroe Street, NE

From an email:

“It’s finally here: Bikes & Coffee!

Years of dreaming, planning and hard work are becoming a reality, and we couldn’t be more excited to share it with you. Join us Saturday for the GRAND OPENING of our new shop in Brookland.

We’ll offer basic bike maintenance on the Arts Walk (and balloons!)
The Monroe Street Market will host it’s first Farmer’s Market of 2015
Our friends at Brookland Pint will celebrate by pouring coffee brews all weekend [“18 amazing coffee beers”]

We can’t wait to see you all Saturday on the Arts Walk at 716 Monroe St. NE!”

From MPD:

“There has been an uptick in burglaries in the Brookland neighborhood. On April 1, 2015 two subjects broke into a home in the 1400 block of Hamlin Street NE. An alert neighbor observed this and called the police. Units converged quickly on the location and the two subjects were caught. Many thanks to the neighbor who called MPD. It is my experience that one or two bad guys are usually responsible for several burglaries. I hope that we will see some decreases as a result of these arrest.”

brookland's_finest
12th and Jackson Street, NE

From Brookland’s Finest:

“Celebrate baseball, Pilsner and Patios at Brookland’s Finest. On Monday, April 6th, from 4pm to 9pm, join our friends from DC Brau as we debut their new Brau Pils. Toast the start of the Washington Nationals’ seasons with this much-anticipated DC Brau craft beer. A straight forward, light body Pilsner with all the character and aromas DC Brau is famous for, the Brau Pils will be featured on draft.

Our first 50 guests will receive a special DC Brau Pilsner/Weizen glass. Chef Shannan Troncoso will mark the occasion offering a special dish of beer braised brats and sauerkraut on a pretzel bun ($14). Savor the new brew out on our patio as well roll back the windows and officially ring in Spring and patio season.

Brookland’s Finest Bar & Kitchen is located at 3126 12th Street, NE, 20017. Open for Lunch and Dinner, Monday through Thursday from 11 AM to 1:30 AM, Fridays from 11 AM to 2:30 AM, Saturdays from 10 AM to 2:30 AM and Sundays from 10 AM to 1:30 AM. The Late Night menu is available 10:30 PM to 1:30 AM weekdays, and 11:30 PM to 2:30 AM on weekends. Brunch is offered on Saturdays and Sundays from 10 AM to 3 PM.”

From the MPD 5D Listserv:

“Yes there was another shooting last night [18th and Otis St, NE], 3/30/15, exactly a week from last week on Monday 3/23/15. This time the shooting occurred around 10 PM, last week shots were heard earlier around 7 PM. Luckily no one has been hurt so far.”

MPD confirms:

“You are correct, we are fortunate no one was injured. At this point, MPD does not have any complainant(s), other than for the property damage.

If anyone has any information regarding this matter, please call 202-727-9099.”

Ed. Note: I believe the “complainant(s)” refers to victims.

3115-13th-Street-Northeast-e1423839324989

Hipchickindc is a licensed real estate broker. She is the founder of 10 Square Team and is affiliated with Keller Williams Capital Properties. 10 Square Team is a popville.com advertiser. 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: 3115 13th St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $475,000.
List Price at Contract: $475,000.
List Date: 02/11/2015
Days on Market: 7
Settled Sales Price: $580,000.
Seller Subsidy: $0.
Settlement Date: 3/16/2015
Bank Owned?: No Short Sale? No Estate: No

Original GDoN post is: here.

The original listing can be seen here: here.

Brookland is a NE DC neighborhood known for large yards and an abundance of fee simple properties including rowhomes like the subject property, as well as detached farm houses and bungalows. The main commercial area is 12th Street NE, near Metro, with several recent and ongoing development projects in the vicinity.

Commenters to the original Good Deal or Not (GDoN) post called this one. Several folks predicted that it would sell above list. One person even noted that their agent said to “expect it to go for $575,000.”

As with other neighborhoods in DC, Brookland is experiencing a very tight market for active listing inventory. Stats from Real Estate Business Intelligence (RBI) show that in February 2015, there were about half the number of homes listed as compared to the five year average for the month of February. With less than one months supply of inventory (a balanced market is generally considered a six month absorption rate), Brookland is definitely a sellers market right now.

There are currently a total of 18 fee simpleactive listings in Brookland, ranging from $284,900. to over $1 million.

The listing agent for this sale was Shelley Gold with Long and Foster Real Estate, Inc. Susan McNeill with Coldwell Banker Residential Brokerage represented the buyer in this transaction.

bike_rack_Filter_coffee_Brookland
8th and Monroe Street, NE

“Two of D.C.’s favorite pastimes, coffee and bicycles, are coming together in the historic Brookland neighborhood under one roof on April 18. The Bike Rack and Filter Coffeehouse are excited to be part of the growing community at the Monroe Street Market.

The April 18 Grand Opening will be held in conjunction with the first Brookland Farmer’s Market of 2015.

The concept of the bike/coffee shop began in bike-centric cities such as Portland and San Francisco, and The Bike Rack and Filter Coffeehouse owners Chuck Harney and Rasheed Jabr knew it was a concept that both DC and the Brookland neighborhood would embrace.

“Bikes and coffee just go together, ask any cyclist,” said Harney. “ We feel that a bike shop
should be a community gathering spot for the local community and for cyclists. A coffee bar
helps to create that feel year round.”

The two businesses will share space under one roof within the Brookland Works building at 716 Monroe St. NE. The Bike Rack will be open 8 a.m. to 7 p.m. Monday through Saturday, 10 a.m. to 5 p.m. Sunday. Filter Coffeehouse will be open Monday through Friday, 7 a.m. to 7 p.m.; Saturday and Sunday, 8 a.m. to 7 p.m.

“It’s location is perfect because it is directly on the Metropolitan Branch Trail and next to the Brookland Metro. It’s easily accessible to everyone, cyclists and non-cyclists,” Jabr said.

Filter Coffeehouse will offer the range of Ceremony Coffee brews popular at its current Dupont Circle and Foggy Bottom locations. There will be indoor seating as well as outdoor seating adjacent to the Monroe Street Market Arts Walk.

The Bike Rack will offer the same award-winning services offered at its current Logan Circle location including:
• Bicycle, accessories and apparel sales
• Maintenance and bike fits
• Classes and events

The April 18 Grand Opening will be held in conjunction with the first Brookland Farmers Market of the 2015 season, which runs from 9 a.m. to 1 p.m., rain or shine, 716 Monroe St. NE. In addition to welcoming neighbors and biking/coffee enthusiasts in for the first time, The Bike Rack will offer free basic bike maintenance on the Arts Walk.”

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A reader writes:

“Came across a black dog (picture attached) running through the streets. Got him/her to come into my yard until I could get humane society to come get them. Hopefully someone will read this/see this and be reunited with their little buddy.”