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GDoN Revisited by Hipchickindc – 248 9th St, SE

by Prince Of Petworth April 13, 2012 at 11:30 am 2 Comments

Hipchickindc is a licensed real estate broker. She is the founder of 10 Square Team and is affiliated with Keller Williams Capital Properties. 10 Square Team is a princeofpetworth.com advertiser. 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: 248 9th St SE
Legal Subdivision: Capitol Hill
Advertised Subdivision per Listing: Capitol Hill
Original List Price: $674,900.
List Price at Contract: $674,900.
List Date: 12/12/2011
Days on Market: 42
Settled Sales Price: $670,000.
Settlement Date: 04/05/2012
Seller Subsidy: $5000.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional
Original GDoN post is: here.
The listing can be seen: here. To see pics, open the listing link, click on the main pic and scroll through.

Last week’s Good Deal or Not Revisited (GDoN-R) followed up on a Victorian rowhome in NE on the north side of Lincoln Park. That post demonstrated how specifically block-to-block DC home prices can be, especially in areas referred to as “Capitol Hill”. Today’s featured GDoN-R is located approximately a mile away, on the south side of Lincoln Park, in SE within the legal subdivision boundaries of Capitol Hill.

Like many parts of DC, this area includes homes that range widely in terms of size, condition, age, and style, so pricing can be tricky. In this location, within a few blocks of Eastern Market, it’s not unusual for small scale basement-less houses to sell for a very high U Street Neighborhood and one in Dupont.

248 9th St SE transferred in 2000 for $235,000. Following renovation, two years later it sold for a net of $392,000. The recent sellers purchased the home in 2006 for a net of $607,500. The 2006 décor was quite different.


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