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: 433 M St NW

Original List Price: $1,099,000.

List Price at Contract: $999,000.

List Date: 05/04/2009

Days on Market: 101 days (there is a withdrawn listing that was on for 33 days and then the most recent listing for 68 days. Typically, the total listing time will show under the tag DOM-Prop unless there has been a 90 day break between listings. For some reason, the time that the withdrawn listing was on the market did not register in the total).

Settled Sales Price: $965,000.

Settlement Date: 09/30/2009

Seller Subsidy: $0.

Bank Owned?: No

Type Of Financing: Conventional with $315,000. down payment.

Original GDoN Post is: Here.

Virtual Tour is: Here.

Recent Listing is: Here.

The Good Deal or Not (GDoN) post for this property was published back when the property was offered for sale at over $1,000,000. It ended up settling for over $100,000. less than the original list price, but still well north of $900,000. The location and price made for some good heated GDoN discussion.

CABHF commented that “The 400 block of M is my favorite street in the whole city.” From an architectural perspective, this is also one of my favorite blocks. There are some truly lovely and unique properties and interesting history, as well. I recently brokered the acquisition of 444 M St NW, which is currently under construction and will soon re-emerge as M Street Flats.

Someone noted that “The property was bought for $80k (you read that right) back in ’02…”, which is not quite accurate. Tax records indicate what appears to be a transfer among owners, so more likely one owner bought out the other. In 1995, the property was purchased for $180,000.

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