GDoN-Revisited by Hipchickindc: House Porn Foreclosure Edition – 2800 Chesterfield Pl NW

Hipchickindc is a licensed real estate broker. Her latest business venture can be seen here. 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: 2800 Chesterfield Pl NW
Legal Subdivision: Forest Hills
Advertised Subdivision per Listing: Forest Hills
Original List Price: $1,875,000.
List Price at Contract: $1,875,000.
List Date: 07/14/2011
Days on Market: 25
Settled Sales Price: $2,301,000.
Settlement Date: 09/09/2011
Seller Subsidy: $0.
Bank Owned?: YES Short Sale? No
Type Of Financing: Conventional
Original post is: here.
The listing can be seen: here. To see the photos, after opening the listing link, scroll through the arrows on the main pic.

Last week, I profiled a recent condo sale in Forest Hills. This week, the subject property is technically in the same ‘hood, but let’s just say it’s closer to the park.

Continues after the jump.

It is not unusual in many parts of DC for foreclosure properties to be priced to sell and end up attracting multiple offers. In this case, we’re looking at the seven figure version. The agent for the buyer, Carroll Dey with TTR Sothebys shared with me that she wasn’t sure exactly how many offers there ultimately were, but she believes there were at least four. Including this property, there have been a total of eight foreclosed homes listed in DC since January 2010 with price tags of at least a million dollars.

In 2002, 2800 Chesterfield Pl NW looked like this and sold as a tear down for $1,800,000. In 2004, American Masterworks Development subdivided the lots and had plans to build “an artistic development of 3 new contemporary homes in a tranquil environment” called “Sacred Trees”. According to public records, the subject property was purchased in 2005 for $3,650,000. Prior to the foreclosure, the owners attempted to list it for sale as early as 2007, and then tried again in 2010. The 2007 virtual tour shows what the house looks like furnished.