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 the Principal Broker (DC) for Urban Pace, LLC. 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: 1219 I St NE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Old City #1
Original List Price: $480,000.
List Price at Contract: $458,000.
List Date: 08/17/2010
Days on Market: 212
Settled Sales Price: $460,000.
Settlement Date: 05/05/2011
Seller Subsidy: $11,500.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional
Original Good Deal or Not post is: here
The listing can be seen: here. To see pics, open the listing link, click on the listing then scroll through from the main pic.
When this burned out shell of a then siding covered house sold for $25,000, who woulda thought you could play indoor miniature golf within a couple of blocks a mere ten years later? Subsequent sales occurred in 2004 post-renovation for $320,000., and then again in 2006 for $449,000. less a $5000. subsidy.
Continues after the jump.
The consensus of the commenters to the original Good Deal or Not (GDoN) post was that it was unlikely that this home would sell close to the list price (which, at the time of the GDoN post was $458,000.) Sales of single family homes in the immediate neighborhood since November 2010 have been plenty and at substantially higher prices than some might expect.