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GDoN Revisited by Hipchickindc

by Prince Of Petworth April 10, 2009 at 3:21 am 15 Comments

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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: 1458 Fairmont St NW #2

Original List Price: $419,900.

List Price at Contract: $375,000.

List Date: 06/27/2008

Days on Market: 188

Settled Sales Price: $375,000.

Settlement Date: 03/16/2009

Seller Subsidy: 10,000.

Bank Owned?: No

Type Of Financing: Conventional

Recent Purchase and Re-Sale?: Last purchased in early 2003 for $245,000.

Original GDoN Post is: Here.

Listing with pics: is here. Make sure to check out pics by clicking on the camera icon at top left. Continues after the jump.

Most of the previous commenters did not think this property was much of a deal at the list price of $399,000. How about for $375,000. with $10,000. towards closing costs? This 1000+ square foot two bedroom condo in Columbia Heights features an 8’x16’ outdoor deck, which is an unusual feature for a condo in this price range. It was duly noted that the $257.40 condo fee was relatively low.

Several people pondered the prevalence of crime in this location. This amuses me a bit since no matter where a GDoN property is located, someone thinks there’s too much crime there.

Completely unrelated to pondering GDoNs, I wanted to mention something really awesome about the $8000. First Time Homebuyer Credit for homes bought in 2009. If you bought a home for the first time in 2009 and are within the income qualifying range, you can go ahead and claim that credit with your 2008 taxes. How cool is that?! Even if you already did your taxes and are going to buy your new place by the deadline of 1 December 2009, you can file an amendment to your 2008 return and get your cash this year! Here are the specifics.

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