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GDoN Revisited by Hipchickindc

by Prince Of Petworth May 7, 2010 at 11:00 am 4 Comments

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: 902 T St NW (Two Condo Units)

Original List Prices: $549,500.-$565,000.

List Price at Contract: $549,500.-$565,000.

List Date: 12/11/2009

Days on Market: Average for both listings is 110 days

Settled Sales Price for first settled unit: $535,000.

Settlement Date for first settled unit: 04/30/2010

Seller Subsidy for first settled unit: $0.

Bank Owned?: No New Condo Conversion?: Yes

Type Of Financing: FHA. As part of the new rules for FHA approved condos that began at the beginning of 2010, buildings that contain only two units are now eligible.

Original GDoN (actually, it was a “Judging Buildings” Post is: here.

Listings for the building are: here. Click the individual; listing to see the pics.

Continues after the jump.

So technically this post is really a “Judging Buildings-Revisted” (JB-R?), but I’m kind of on a new condo kick (see last week’s post here). The Prince recently posted this historic property located at 902 T St NW in Shaw, just prior to the condos having been listed. It looks like the developer did only two units, which was appropriate since although the property is large by rowhome standards, it is zoned R-4 with a 1540 square foot lot.

Tax records (not always accurate) represent the unit sizes as 1240 square feet for A (currently under contract) and 1287 square feet for B (sold as of 04/30/2010). Named “902 T Street Condominium”, it is fortunate that the building is close to downtown and to Metro, as there is no offstreet parking available. It looks like the round turret made for some interesting interior spaces.

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