Support

GDoN Revisited by Hipchickindc: Lots of FieldStone Edition – 1243 New Jersey Ave 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: 1243 New Jersey Ave NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Original List Price: $750,000.
List Price at Contract: $750,000.
List Date: 09/22/2011
Days on Market: 4
Settled Sales Price: $840,000.
Settlement Date: 10/11/2011
Seller Subsidy: $0.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional
Original GDoN post is: here. The GDoN post for the same property from 2010 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.

This sale is a perfect example of something that I try to remind both my buyer and seller clients about regularly. Real estate markets are not static. Of course, some situations are more predictable than others, but any moment in time is just a snapshot of conditions at any particular location. In this specific case, we are looking at a property that had been previously listed last year, with three different listing agents, at prices ranging from $799,000. to $899,000., for a total of 468 days without a sale.

This year, with pictures suggesting that the property is in similar if not the same condition as last year, the property was not only on the market for four short days, but apparently there was more than one party who wanted it. In fact, somebody wanted it so much that they paid almost a hundred thousand dollars over the asking price. Yes, I even called the listing agent, Alan Dalton with Re/Max Allegiance, to make sure that this is correctly entered into the MLS. Two of his team members confirm that it is.

Continues after the jump.

The property is in a challenging spot, given that it’s across from a corner with regular traffic turning onto New York Avenue to hit 395. The surrounding neighborhoods are seeing changes that missed them during the early 2000s renovation boom. To the East, Truxton Circle and NOMA are certainly picking up. A few short blocks away, a brand new construction piggyback condo closed on 9/30/2011 for a net of $614,000. To the west side of New Jersey Avenue, the Mount Vernon neighborhood has seen some commercial and multi-unit transactions that are or will likely contribute to the development activity.

I recently reviewed the recent sale of another large Victorian structure smothered in formstone (or some variation of Field Stone, or Permastone) that is not too far away from this subject property. Perhaps it’s making a comeback in popularity?

Recent Stories

From an email: “We have an upcoming free yoga weekend event happening at Reunion 4/6-4/7: Join Reunion Hot Yoga in Park View, DC for a free weekend of yoga Saturday…

Sweet City Ride

Thanks to Mandi for sending: “1930 Oldsmobile? That’s just the best guess of someone who knows nothing about cars but faithfully attended the Iola Car Show with her dad every…

Photo by Julian Ortiz Ed. Note: If this was you, please email [email protected] so I can put you in touch with OP. “Dear PoPville, Man in Ovi jersey headed towards…

“Taylor with her duck at a dog park in Old Town.” If you have any animal/pet photos you’d like to share please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’…

Calling all bookworms, thrill-seekers, supporters of the arts, and ping-pongers at all skill levels! Sign up for Paddlestar Galactica, the ping-pong tournament supporting 826DC’s youth writing programs.

826DC is a local nonprofit that offers free writing programs, homework help, and publishing opportunities for DC students ages 6-18, in our Columbia Heights writing center and in learning spaces across the city.

Paddlestar Galactica helps keep writing education 100% free and accessible for all of our students! It’s also extremely fun.

This year’s games will be Saturday, April 27th, 1 PM to 4 PM at SPIN DC. It’ll be a chaotic afternoon of ping-pong, costumes, terrible Battlestar Galactica puns, and good cheer. We’d love to have you join us!

Read More

Submit your own Announcement here.

Well-Paid Maids, the only certified living-wage cleaning service in the DMV, has added a new service to its online booking menu: office and building cleanings.

This includes offices, building lobbies, shared amenity spaces and more throughout D.C., Arlington, Alexandria and more.

Unlike so many other cleaning services, you can feel good booking Well-Paid Maids to clean your office or building. Cleaners get paid a starting wage of $24 an hour. Plus, all employees are offered health, dental, vision and life insurance; 24 paid days off per year; 100% employer-paid commuting costs; and more.

Read More

Submit your own Announcement here.

Vakili Band at Pie Shop!

Three band rock n rolll lineup at DC’s Pie Shop! Vakili Band with “if you know, you know” DC rockers, Lot 18, and the many minds and songs of artist Kind of Christine.

“If you love Vakili Band like we

×

Subscribe to our mailing list