GDoN Revisited by Hipchickindc

In real life, hipchickindc is actually the not-so-hip Suzanne Des Marais, an associate broker with Urban Pace. Voted one of the best real estate agents in DC by the Washington City Paper Readers’ Choice Poll in 2009, Suzanne is currently Chair of the DC Public Policy Committee for the Greater Capital Area Association of REALTORS® and is President Elect of the Washington, DC Association of REALTORS®. She lives (and sells a lot of houses) in Bloomingdale, but works all over DC, with everyone from first time buyers to highly regarded developers.

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: 1354 Quincy St NW
Original List Price: $629,900.
List Price at Contract: $599,000.
List Date: 04/09/2010
Days on Market: 52
Settled Sales Price: $590,000.
Settlement Date: 06/18/2010
Seller Subsidy: $3,500.
Bank Owned?: No
Type Of Financing: FHA

Original GDoN is: here.

Listing is: here. To see pics, click on the listing, then click on the main pic and scroll on the arrows.

While we have not seen the end of foreclosures, we are definitely seeing fewer and fewer foreclosures actually on the market. This particular property was a purchased for $267,000. in December 2009 by George Koutromanos from a regular seller who purchased the property back in 2004. Additionally, we continue to have an influx of owner occupant buyers purchasing in the city and taking advantage of fabulously low mortgage interest rates. Because we have a healthy supply of buyers at this point, we are continuing to see another wave of renovation activity, not unlike what we saw in the early 2000’s.

One of the commenters on the original Good Deal or Not (GDoN) post for this property pondered, “It makes me wonder if 90% of houses are being flipped by the same person or company in DC or whether all the flippers/builders have the same boring taste.” I actually think that there are quite a few active investors out there now, but just a few weeks ago, I featured another property that was also renovated by the Koutromanos family, who has been renovating in DC for decades.

This particular location has seen a tremendous amount of real estate activity recently. I did a search within just a few blocks of the property showing active, under contract listings, and settled sales since March 2010. You can see here the wide range of prices reflecting the vastly differing sizes and conditions of properties in the area, including 3600 13th St NW.

Recent Stories

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!

Sweet City Truck

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.

Read More

Submit your own Announcement here.

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

Read More

Submit your own Announcement here.

Opening Night: DC Environmental Film Festival

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

Aidan Leclaire Band in Concert

Local musician, Aidan Leclaire and his band will headline a night of rockin’ show by local bands at the iconic music venue, Songbyrd Music House.


Subscribe to our mailing list