GDoN Revisited by Hipchickindc – 1100 7th St, NE

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: 1100 7th St NE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Capitol Hill
Original List Price: $259,900.
List Price at Contract: $259,900.
List Date: 11/05/2010
Days on Market: 0 (Not unusual with new construction, which sometimes may be entered post-contract for comparable purposes)
Settled Sales Price: $255,900.
Settlement Date: 12/21/2010
Seller Subsidy: $5,000.
Bank Owned?: No Short Sale? No
Type Of Financing: FHA

Original GDoN is: here.

The listing for the subject property and current available units in the building can be seen: here. The virtual tour of the building can be seen here.

Once again, much of the conversation from the original Good Deal or Not (GDoN) post focused on crime and how it affects the perceived desirability of a particular location. I can’t believe that nobody even touched the subject of this property being advertised as “Capitol Hill”. Personally, I would have gone with “SoFlo”. Or is it really “H Street” or “Atlas District”? The name of the condominium is “NOMA Overlook”, which is understandable given that NOMA now actually has a real live Harris Teeter and is a mere six blocks away.

The listing comments mention that there are a total of six units in the building. The two current active listings appear in the link above. Given that this relatively recent settlement is reported to have been financed with an FHA loan product, I assume that the other couple of units have settled as well. That comp information has not been shared as yet. Unfortunately, for the one unit that does show as settled, we can’t calculate the price per square foot since the listing does not include the square footage and the recent condo conversion units have not appeared in tax records yet.

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