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GDoN Revisited by Hipchickindc – 1925 Summit Pl NE

by Prince Of Petworth February 4, 2011 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: 1925 Summit Pl NE
Legal Subdivision: Eckington
Advertised Subdivision per Listing: Eckington
Original List Price: $379,900.
List Price at Contract: $359,900.
List Date: 10/23/2010
Days on Market: 102
Settled Sales Price: $349,900.
Settlement Date: 01/31/2011
Seller Subsidy: $11,000.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional

Original Good Deal or Not post is: here

The listing can be seen: here. After opening the listing link, to see pics click on the main pic and scroll through using the arrows.

If you haven’t already, I highly recommend clicking on the original Good Deal or Not (GDoN) and reading the comments. In the course of writing this weekly commentary I’ve certainly read my share of GDON discussions and I have to say, this one wins from me for BEST comments ever. In addition to an actual discussion of Hobos (yes, like boxcar riding ones), the neighborhood being called “boring”, plus throw in a discussion of per capita crime, and the pronouncement that Eckington is “not-yet-gentrified”, not to mention that one commenter insisted that “I’d need 2 pit bulls, a shot gun, a fantastic alarm system, and some sort of armed robot to make that feel safe.” This part of Eckington was described as far from Rustik and Windows and “one of the least metro accessible in all of eckington[sic] and most of the close-in neighborhoods”.

Continues after the jump.

Call me a real estate optimist, but my predictions for hot ‘hoods of 2015 wholeheartedly included Eckington. Maybe it’s because I actually spend time there at the best unofficial dog park in DC, or, in the summer, at the Harry Thomas (Senior) Rec Center Pool , which overlooks the greenspace of McKinley Tech. My daughter and I got new used bikes for Christmas which we ride on the Met Branch Trail, located about three blocks from the subject house, and which accesses the Brookland/CU Station, the Rhode Island Ave and New York Ave Stations, and heads straight down to Union Station (a pretty easy going bike ride). Rustik is .60 miles away and Google calls for a three minute drive. The North Cap Firehouse soon-to-be hotspot is a similar distance and on the way (again, I did say I am a real estate optimist). Condo developers are actively scoping out Eckington and several recent conversions exist with a bunch more in the works. Not excited about being close to Home Depot? How about the currently under construction Rhode Island Ave Mixed Use Development.

So, renovated fee simple in this price range in this location? I say smart buy.

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