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GDoN Revisited by Hipchickindc – 1505 Emerson St NW

by Prince Of Petworth January 22, 2010 at 11:00 am 13 Comments

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In real life, hipchickindc is licensed as a real estate broker in the District of Columbia, 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 Properties: 1505 Emerson St NW

Original List Price: $875,000.

List Price at Contract: $699,500.

List Date: 10/09/2009 and 8/26/2009

Days on Market: 178

Settled Sales Price: $699,500.

Settlement Date: 1/21/2010

Seller Subsidy: $0.

Bank Owned?: No

Type Of Financing: FHA

Original GDoN Post is: here.

Recent Listing is: here.

This detached 16th Street Heights property was featured as a Good Deal or Not (GDoN) in September, when it was listed at $725,000. A reader by the name of crin was the first to rightfully declare that the property would sell in the high $600’s. There was a bit of debate over the condition, but this is an absolutely immense house, with a wraparound porch, and a 10th of an acre lot (more than three times the size of downtown city lots, or twice the size of a big Petworth lot), and it’s not far from Rock Creek Park. Transfer history shows the prior sale in 1998 at $308,500., and at $290,000. in 1992.

16th Street Heights is a tricky neighborhood to price given the range in the size of houses, condition, and, of course, location. For buyers seeking detached houses, it’s a great spot to be looking, especially for brave souls interested in taking on a few home improvement projects. Currently, there are detached homes on the market in this neighborhood ranging from just under $400,000. to over $1,000,000. The highest price paid for a detached single family house in 16th Street Heights in 2009 was $815,000. Somebody got a steal of a deal on a foreclosure on 13th Street NW back in March ’09 for $190,000.

Here are all of the sold listings from 2009 for detached single family houses in 16th Street Heights, as well as current active and pending sales, ordered from lowest to highest list price.

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