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GDoN Revisited by Hipchickindc – 1322 Kenyon St NW

by Prince Of Petworth February 25, 2011 at 11:00 am 7 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: 1322 Kenyon St NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights

Original List Prices

Unit 1: $499,900.
Unit 2: $589,900.
Unit 3: $609,900.
Unit 4: $650,000.

List Prices at Contract

Unit 1: $479,900.
Unit 2: $589,900.
Unit 3: $609,900.
Unit 4: $650,000.

List Date: 10/29/2010
Days on Market: 23-47

Settled Sales Price

Unit 1: $467,500. Subsidy: $0. Price per Sq Foot*+: $277
Unit 2: $580,000. Subsidy: $0. Price per Sq Foot*+: $368
Unit 3: $584,000. Subsidy: $0. Price per Sq Foot*+: $370.
Unit 4: $620,000. Subsidy: $10,000. Price per Sq Foot*: $404.

*Sq footage calculation includes deck or terrace
+Unit conveyed with parking but note that price per sq ft adjusted to not include parking

Settlement Dates: 01/20/2011-02/21/2011
Bank owned?: No Short Sale? No
Type Of Financing: All Conventional

Original Good Deal or Not post for the condos: here. PoP also looked at the pre-conversion listing, for which the GDoN post can be seen here.

The listings can be seen: here. To see pics, open the listing links, click on the main pic and scroll through.

Continues after the jump.

Boutique condo buildings, around eight units or less, are all the rage following the pre-recession exuberance for mega-buildings loaded with amenities. Located within a couple of blocks of the Columbia Heights Metro, this four unit building, listed by Roby Thompson of Long and Foster, sold out in less than two months right around the November/December holiday timeframe.

For those who like to play the “I should have bought half of DC in the ‘90’s” game (I admit that I am occasionally guilty), the entire property sold in 1998 for $110,000. For perspective, Target was not even yet the large hole in the ground that we lived with for five or so years. The building changed hands almost a year ago, in March 2010, for $750,000.

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