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GDoN Revisited by Hipchickindc

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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: 1016 T St NW

Original List Price: $720,000.

List Price at Contract: $695,000.

List Date: 11/13/2008

Days on Market: 128

Settled Sales Price: $590,000.

Settlement Date: 05/08/2009

Seller Subsidy: $0

Bank Owned?: No. This was part of an estate.

Type Of Financing: Conventional

Listing History: No previous history available via the multiple listing system or tax records. Given that it was part of an estate, it may have been owned for a long period of time.

Original GDoN Post is: Here.

Recent Listing is: Here. To see pics, click the arrows on the main picture.

At the original list price of $720,000, most Good Deal or Not (GDoN) commenters gave this home, which needed quite a bit of work, a thumbs down. Although it’s not going to work all the time, this looks like a good case for putting an offer out there for what you actually think a property is worth, despite the list price. While the asking price was eventually lowered to $695,000., it sold for more than $100,000. below that.

I didn’t have an opportunity to get inside this property while it was listed, but I pass by it frequently. It is unusual to find a fully detached single family home in this part of the city and I find the architecture quite intriguing. The interior pics suggest some interesting original details and I really hope that this turns out to be a thoughtful renovation.

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