Original List Price: $449,900.
List Price at Contract: $325,900.
List Dates: 01/31/2009
Days on Market: 210
Settled Sales Price: $275,000
Settlement Date: 09/08/2009
Seller Subsidies: $300.
Bank Owned?: No
Type Of Financing: Cash
The 2009 listing for this property does not indicate that this was a bank owned property. It’s possible that it had been a long time owner or part of an estate. Perhaps they were ambivalent about selling, as it took some time to get down to a realistic list price. The original Good Deal or Not (GDoN) post did not have any available pictures of the house, but see the link for the listing under BEFORE to see the starting place for the current renovation.
Second sale follows after the jump.
Original List Price: $580,000.
List Price at Contract: $580,000.
List Dates: 05/11/2010
Days on Market: 28
Settled Sales Price: $580,000
Settlement Date: 07/20/2010
Seller Subsidies: $17,400.
Bank Owned?: No
Type Of Financing: FHA
Original GDoN is: here.
The Listing can be seen: here. Check out the AFTER pics by clicking through to the listing, then clicking the arrows on the main pic to scroll through.
GDoN comments on the value of the renovation were generally positive. Proximity to Metro was particularly noted as an asset. On looking up comparable sales in this part of the neighborhood, I was surprised to find few recent renovated sales up to this price point. Given the continual expansion of commercial development coming up around the Petworth Metro and Columbia Heights, I expect this to be an area that over the next few years will see an increase in renovated homes and subsequent sales.
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.
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