GDoN 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: 1340 Randolph St NW

Original List Price: $380,000.

List Price at Contract: $380,000.

List Date: 07/10/2009

Days on Market: 14 days

Settled Sales Price: $370,000.

Settlement Date:  09/03/2009

Seller Subsidy:  $10,000.

Bank Owned?: No

Type Of Financing: Conventional with $74,000. (20%) down payment

Original GDoN Post is:  Here.

The recent listing is: Here.

Regardless of whether this was a good deal or not, I feel that I must first address a bit of DC housing trivia that surfaced during the original “Good Deal or Not” (GDoN) post discussion. While the lone toilet in the basement is not incorrectly referred to as a “1/4 bath”, the appropriate and technical terminology for that amenity is, (as Toby alluded to), “Emergency Commode”. An original one in your basement is a true piece of plumbing history. (This might be a good time to mention that my very favorite PoP post ever was the reader-submitted original outhouse photo in Petworth.)

I’m surprised that relative closeness to Metro never entered the discussion (or the listing description, for that matter.) Google maps says this is ½ mile to the Petworth Metro. When I am searching for clients who require proximity to Metro, that is usually an acceptable distance. Google maps says it’s a nine minute walk.

It is unfortunate that we don’t have any interior photos to go by, but given that this house was under contract within two weeks, I’m going to speculate that it had some nice solid woodwork and what is oft described as “character”. These are large homes and the listing indicates that there is an unfinished standing room attic. The basement is also unfinished but has both front and rear exits. It also has parking and a lot that is more than 1000 square feet larger than typical rowhouse lots found just a bit further south.