List Price at Contract: $308,900.
List Date: 7/24/2009
Days on Market: 5
Settled Sales Price: $380,000.
Settlement Date: 09/22/2009
Seller Subsidy: $0.
Bank Owned?: Yes
Type Of Financing: Conventional with $38,000. (10%) down payment.
Original GDoN Post is: Here.
Recent Listing is: Here.
This was an interesting Good Deal or Not (GDoN) post as there was a reader who went ahead and put an offer in. Although it needed some work, this foreclosed Victorian rowhome was listed at $308,900. and garnered multiple offers. It ultimately sold over $70,000. above the list price.
Although located literally just a block east across North Capitol, homes on the northeast side of Eckington can still usually be had at lower price points than their very similar Victorian counterparts on the Bloomingdale side. Check out the neighborhood blog which includes some great history. Eckington landmarks include the refurbished McKinley Technical High School, which is a focal point that sits high up on a hill. I often meet NE Eckington residents during my frequent visits to the largest unofficial dog park in DC (also affectionately referred to as Fedex Field, since it is next door to the main Fedex building). In addition to Fedex, XM/Sirius Radio is an Eckington-based business. North Capitol Main Streets, Inc. is a notable tenant, as well. Bloomingdale and Eckington residents (myself included) can be found at the public pool on Lincoln Road during the summer months.
PoP noted that the closest dining option seemed to be the Big Bear Café, located at 1st and R St NW. It’s worth mentioning that Eckington is just north of NOMA and the New York Avenue Metro. There is a new Marriott Courtyard at the Metro, as well as a Five Guys and other food options. Given the push from NOMA Bid, as well as North Capitol Main Streets, I expect great things to continue in this area.