brookland_busboys_poets
625 Monroe Street, NE

From an email:

“Wanted to give you a heads up about an event coming up on Tuesday, June 23 at 6:30 p.m. with author/musician Jon Fine (Bitch Magnet, Don Caballero, Coptic Light) He’ll be presenting his new book, “Your Band Sucks: What I Saw at Indie Rock’s Failed Revolution (But Can No Longer Hear)” at Busboys and Poets Brookland. Fine will be in conversation with Andrew Beaujon, senior editor at Washingtonian and author of Body Piercing Saved My Life.

Some info about the book below:
Fine’s memoir charts his enchantment, disillusion, and re-enchantment with the indie music scene in three dynamic stages. The former guitarist with Bitch Magnet, Coptic Light, and Don Caballero, Fine, now executive editor of Inc. magazine and the award-winning BusinessWeek Media Centric columnist, came to music as starry-eyed as any talented, rebellious rock wanna-be. Then the indie scene expanded, calcified, and Fine was kicked out of the band; but with the rise of the Internet, musicians have a more effective way not only to challenge the big labels, but to nurture fans—at last fulfilling the indie promise of the 1980s.

*This event is free and open to the public*”

May Third Thursday Poster

“The Arts Walk at Monroe Street Market
716 Monroe Street, NE

Every Third Thursday of the month, the Arts Walk at Monroe Street Market hosts a lively night of music, art, food and spirits. May is Military Appreciation Month, and our local community wants to show their support for our veterans during May’s Third Thursday. In addition to the normal festivities of Third Thursday, proceeds from a portion of the sales at Brookland Pint will be donated to The Veterans’ Care Project, an initiative led by the local Brookland foundation: The Brothers of Charity. Come raise a toast for the Veterans on the Arts Walk at Monroe Street Market!”

GDoN R

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: 1608 Lawrence St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 3.5 Parking: Driveway/Off street Ownership: Fee simple
Original List Price: $895,000.
List Price at Contract: $869,600.
List Date: 01/10/2015
Days on Market: 82
Settled Sales Price: $860,000.
Seller Subsidy: $0.
Settlement Date: 05/01/2015
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

Last week, we revisited a home in the NE neighborhood of Eckington that also had an accumulation of days on market. A similar consideration applies here, in that buyers who are missing out in competitive bids on newly listed properties, might be wise to go back and look at some of the inventory that is hanging around. In this case, the property eventually sold for $35,000. less than the original price back in January (remember winter?)

With the Monroe Market development, and 12th Street adding restaurants, Brookland just keeps becoming more appealing. The average price for a detached home in Brookland in 2015 year to date is $668,303. A year ago, for the same time frame, the average sold price of a detached single family house was $516,181.

The highest sale price to date in Brookland was at $998,000. this year for 1523 Monroe St NE. Brookland saw its first sale over $900,000. in summer of 2014. Since that time, there have been a total of nine sales at $900,000. or above.

The listing agent for this sale was Jameela Charles with Home Source Real Estate Solutions. Ed Carp with Continental Properties, Ltd. represented the buyer in this transaction.

1504 Otis Street Northeast

This house is located at 1504 Otis Street, Northeast. The listing says:

“Serenity Found! Beautiful Brick Craftsman. Inviting front yard, Large front porch. Fireplace, HWD floors, granite/stainless kitchen, Tons of windows/light. Central AC, In-law suite in basement with separate entrance and full kitchen/bath. Huge Deck/Yard with views of Monastery. Off-street Parking.”

GDoN

You can see more photos here.

This 3 bed/2 bath is going for $719,000.

mess_hall
703 Edgewood Street, NE

From an email:

“I wanted to let you know about a fundraiser that Art and Soul is hosting in partnership with the Willard InterContinental.
On Friday, May 15th we’re putting together a Nepalese family-style dinner at Mess Hall in Brookland, with 100% of the proceeds going to Nepal earthquake relief efforts.
In the kitchen, Executive Chef Douglas Alexander and Line Cook Shiva Nepal of Art and Soul will be reunited with Chef Arjun Ranabhat of the Willard, also Art and Soul’s former sous chef. Serving your dinner we’ll have Art and Soul servers KC Kiran and Hari Iama. All four men — Arjun, Shiva, KC and Hari — are from Nepal, and all four have family in the country.
The first seating runs from 6-8pm and the second seating goes from 8:30-10:30pm. $50 per person including tax. Any cash tips or donations made at the event will also be donated to Nepal Rising, for relief, rebuilding and resilience.
The ticket does not include alcohol, which can be purchased a la carte at the dinner.
Tickets can be purchased at DineOutForNepal.eventbrite.com

From an email:

Annie’s Ace Hardware and the Menkiti Group today announced a strategic partnership to bring Annie’s Hardware to Brookland. Annie’s Hardware-Brookland is expected to open in the Fall of 2015 at 3405 8th Street Northeast, sharing the upstairs portion of the Menkiti Group’s Brookland headquarters with Excel Pilates.

The 7,400 square-foot Brookland store will be packed with thousands of essential products and supplies from the most respected brand names and best-selling items in the home improvement marketplace, including Benjamin Moore paints, Weber Grills, Mrs. Myer’s earth-friendly cleaning products, a complete line of canning supplies, Craftsman tools, and other premium products. Annie’s Hardware-Brookland will also offer key cutting, screen repair, glass and Plexiglas cutting, and propane exchange. For the neighborhood’s active gardening community, the store will include a 1,000 square foot garden center adjacent to the main building, which will feature native plants. (more…)

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.

IMG_6464
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!”