Good Deal or Not Revisited by hipchickindc

In real life, hipchickindc is licensed as a real estate broker in the District of Columbia and Virginia, and as a real estate salesperson in Maryland. 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: 2017 Kalorama Rd NW #1

Original List Price: $594,900.

List Price at Contract: $475,000.

List Date: 09/05/2008

Days on Market: 94

Settled Sales Price: $450,000.

Settlement Date: 01/23/2009

Seller Subsidy: $1,650.

Bank Owned?: No

Recent Purchase and Re-Sale: No

Original GDoN Post is here.  Continues after the jump.

Listing History and Current Listing can be found here. To see current pics, scroll to last version of listing and click the filmstrip icon at top left of that listing.

Located a stones throw from Connecticut Ave NW, in a lovely Victorian rowhome with only three other condo units, PoP commenters debated how desirable this 2 bedroom duplex was, given that some of the space is at basement level. In addition to location, the unit has some nice features including high ceilings, 2 fireplaces, a patio, and a parking spot.

I found the property history to be quite interesting.

12/31/1998 Back in the day

A mere nine+ years ago this unit sold for $181,000. with a Seller subsidy of $1800. It had been on the market for 167 days.

2001

An attempt was made in August of 2001 to list at $339,000. It was withdrawn and re-listed in September 2001 for $299,000. It sold after 69 days on market for $292,500.

Averaged out over the 7.25 years between sales, even considering a probable dip in value from the height of the market, that’s close to $20,000. appreciation per year.