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GDoN Revisited by Hipchickindc – 1860 Upshur St NW

by Prince Of Petworth November 19, 2010 at 11:00 am 20 Comments

Voted one of the best real estate agents in DC by the Washington City Paper Readers’ Choice Poll in 2009, hipchickindc aka the not-so-hip Suzanne Des Marais is an Associate Broker with Urban Pace. 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: 1860 Upshur St NW
Legal Subdivision: Crestwood
Advertised Subdivision per Listing: Crestwood
Original List Price: $895,000.
List Price at Contract: $799,000.
List Date: 04/26/2010
Days on Market: 149
Settled Sales Price: $795,000.
Settlement Date: 11/08/2010
Seller Subsidy: $250.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional

Original GDoN is: here.

The Listing can be seen: here. Here is the virtual tour.

I’ve been working on a listing in Crestwood since early Spring (currently under contract), and I have to say that I am surprised that more buyers on the hunt for a detached single family house do not include Crestwood in their searches. Sandwiched between Rock Creek Park and 16th Street NW, Crestwood is an enclave of handsome and often unique properties surrounded by parkland, yet with easy access to downtown. Recent sales in Crestwood have included the house built by Giant Foods powerhouse Izzy Cohen, as well as the home that the prolific Crestwood developer, Paul Stone, built for himself in 1938. Those listings can be seen here.

Continues after the jump.

Prices for detached single family homes in Crestwood sold since the beginning of 2010 have ranged from $420,000. (for a fixer upper) to $1,300,000. for the Paul Stone house. The subject of this Good Deal or Not Revisited (GDoN-R) sold for just a tad over the median price of $783,300. A commenter on the original Good Deal or Not (GDoN) post suggested that this particular home had been “bought and sold three times in the last 4 years”. There were no previous listings in the multiple listing system and the tax record does not show any recent transfers.

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