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: 1430 Taylor St NW
Original List Price: $665,000. (1st listing team)
List Price at Contract: $599,999. (2nd listing team)
List Date: 1st Listing Team 1/10/2008
List Date for 2nd Try: 09/12/2008
Days on Market: 373 between both listing attempts
Settled Sales Price: $590,000.
Settlement Date: 03/06/2009
Seller Subsidy: 900.
Bank Owned?: No
Type Of Financing: Conventional
Recent Purchase and Re-Sale?: Purchased in June 2005
Original GDoN Post is: Here
Interior Pics: Click Here
Continues after the jump.
Before I dive into 1430 Taylor, I wanted to follow up to last week’s “Good Deal or Not Revisited” (GDoN-R), which was a small property located at 529 Newton Pl NW. That was a cash purchase, which I assumed was an investor buy. Since that post was written, I learned that it was indeed bought by an investor group, one that I happen to know quite well. Previous properties they have done have been completely and nicely rehabbed. They expect to get it back on the market for sale in a relatively short period of time.
On to Taylor…The final price of this home may surprise some who commented on the original GDoN post. At the time it was featured on GDoN, it had been priced quite a bit higher than it was when it finally went under contract. PoP readers questioned distance from public transportation, although noted proximity to Rock Creek Park and Parkway. The presence of a sole full bath bothered a few. Others were not sure about the modern renovation which removed much of the original detail of the 1922-built house. Notably, the lot, at 2561 square feet, is huge by downtown DC standards. Personally, I thought they did a nice job with the rehab, even though I generally tend to go for original details.
The most recent sellers purchased the home (during what I consider to be the pivotal height of the DC real estate price peak) for $582,500. in June of 2005. At that time, information from a withdrawn listing describes the property as having radiator heat and window units for cooling, and an additional half bath located in the basement. The text reports “an upgraded kitchen…remodeled 3 Bedroom still retains its historic charm”. The listing from earlier 2008 (priced at $665,000. that was ultimately withdrawn) notes “6 figures + worth of renovations”, including a new roof and windows, as well as central heat and air.
Lesson to be learned? If you’re motivated to do a thorough renovation, buy something cheap to begin with and then invest in it. What people may not remember or may not know if they were not in the market in ’05, is that with speculators and easy peasy low low money down investor loans, the prices for unrenovated properties had been driven way up. The great news about the 2009 market is that the prices for houses in not so perfect condition have returned back to earth quite a bit and rehab loan products for owners planning to live in their homes are surprisingly affordable.
1336 U Street, NW previously home to Newtown (and Tabaq before them) “Welcome to Hawthorne, a four-story bar and DJ-focused venue at the intersection of 14th & U Streets with…
Update: “We’re sad to announce that Celebrate Petworth tomorrow has been cancelled.” “September 23, 2023 // 11am-5pm on the 800 block of Upshur Street NW Celebrate Petworth is a free…
If you get a photo with any of your shirt/merch on your travels – please send a photo with where you went to my email at [email protected] thanks! Thanks to…
“Dear PoPville, George Washington University maintains the Community Counseling Service Center and is currently accepting new clients. This underutilized resource serves to make mental health access available to all who…
District Cutlery is celebrating their 10th and 11th anniversaries this week (we forgot last year) and offering customers 25% off all sharpening services. Walk-in service at Union Market is welcome or you can make arrangements for mail-in service on their website. Typical turn-around is less than an hour (but sometimes the queue gets long).
DMV’s professional chefs and passionate home cooks have trusted the District Cutlery with their knives for over 10 years. You can see pictures of their work @districtcutlery Instagram. They also specialize in sharpening styling shears, scissors and smaller garden tools and axes.
Girls in Gear is a Non-Profit that teaches girls age 5+ life skills through bike skills. We aim to get your girl to fall in love with herself, her friends, and her bike! Registration is open across the DMV for our eight-week program that starts the weekend of September 23rd. Programming runs for 90 minutes once a week on a weekend morning.
All abilities of riders – balance bikes, training wheels, two wheels, road-bike pros and everything in between – are welcome. We are non-competitive and focus on having fun no matter what your level of riding is. We pride ourselves in being a low-cost program and also have a no-questions-asked scholarship policy that includes bikes and helmets if needed.
DMV Sites Fall 2023:
LiLi The First FALL COLLECTION is so grand and exceptional, they needed two days to celebrate it.
Saturday – OPEN HOUSE, cookies and cocktails with newly arrived collections from Paris, Tokyo, Turin, Tel-Aviv and NY.
Sunday – MEET THE DESIGNER,