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: 1923 12th St NW
Original List Price: $917,000.
List Price at Contract: $775,000.
List Date: Originally listed in 08/08. The listing information from that time suggests that the original agent may have been the owner (or one of the owners). In March of 2009, it was re-listed at $775,000. with Chuck Burger of Coldwell Banker (Chuck listed 1016 T St NW, which was featured recently).
Days on Market: 281
Settled Sales Price: $690,000.
Settlement Date: 11/02/2009
Seller Subsidy: $0.
Bank Owned?: No. Tax records indicate that the property was owned by an investor (non-owner occupant).
Type Of Financing: Conventional with $267,000. down payment
Original GDoN Post is: here.
Recent Listing is: here.
In response to the original Good Deal or Not (GDoN) post, several readers gave thumbs up for the location and size of the property. It was tough to get a grasp on this one as it is both an unusual structure for downtown DC, and there were no interior photos. The most recent listing stated “Definite fixer upper but worth it”.
When the property was first put on the market back in August of 2008, the listing comment makes reference that the pricing came from the tax assessment provided by the District government. In looking into the tax assessment history, it is startling to observe that, as recently as 2007, the Office of Tax and Revenue went with a valuation of $192,970. Upon closer look, there appears to have been a miscalculation, as the value of the structure at that time was at $321,160. with the land value at $58,220. for a total of $379,380. In 2008, when the District budget started to look a little tight, the land valuation alone shot up to a whopping $505,220. for the 2736 square foot lot. The Seller wisely put the property on the market and appears to have escaped the $10. per $100. of assessed value that was then associated with vacant property. The recent tax record shows the tax rate calculated at the regular residential $.85 per $100. of assessed value. Assuming the property, which was in need of fixing up, was vacant, at the then (2008/part of 2009) vacant rate, the property taxes would have been $91,700. per year. Actively listing a property was one exemption that owners had from the vacant tax rate.
Several commenters on the GDoN post noted the unusual style of the building. I don’t know how it was originally configured, but the tax record suggests that at some point it had been divided into four separate dwelling units. The recent listing suggested that it was being marketed as a single family residence.
From ANXO (711 Kennedy Street, NW): “CELEBRATE WOMEN’S MONTH AT BRIGHTWOOD PIZZA! For the entire month of March we are celebrating women and raising money for the DC Abortion Fund….
And thanks to Helder Gil for sending our favorite, oft featured, old taxi. Sweet City Ride is made possible by readers like you!
Thanks to Pia for sending this “Beautiful Vintage Ford truck” Sweet City Ride is made possible by readers like you!
If you have any animal/pet photos you’d like to share please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’ in the title and say the name of your pet and…
Dreaming of small-town charm with big-city convenience? Look no further than 7156 Main St in Clifton, Virginia! Nestled just 30 miles from the heart of Washington D.C., this picturesque property offers the best of both worlds.
Escape the hustle and bustle of the city to find tranquility in this quaint, historic town. With its tree-lined streets and friendly community atmosphere, Clifton is the perfect place to call home. Yet, with its close proximity to the nation’s capital, you’ll never be far from the excitement and opportunities of urban living.
Imagine weekends exploring local shops, dining at charming cafes, and enjoying outdoor adventures in nearby parks. Then, commute to D.C. for work or play, soaking in all the culture, entertainment, and career opportunities the city has to offer.
Want to get a head start on your spring cleaning? Use Well-Paid Maids, the DC area’s only certified living-wage home cleaning service. Well-Paid Maids pays all of its staff at least $24 per hour and provides a full benefits package including:
• Health, dental, vision, and life insurance
• 100% employer-paid commuting costs
The 2024 DC Environmental Film Festival begins Thursday, March 21, at 7pm with the US Premiere screening of ANTARCTICA CALLING from Academy Award-winning director Luc Jacquet.
The Festival will continue through Saturday, March 30, offering dozens of screenings at venues