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GDoN Revisited by Hipchickindc – 616 E Street, NW

by Prince Of Petworth September 14, 2012 at 11:00 am 0

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: 616 E St NW
Legal Subdivision: Central
Advertised Subdivision per Listing: Penn Quarter
Original List Price: $699,000.
List Price at Contract: $650,000.
List Date: 06/19/2012
Days on Market: 35
Settled Sales Price: $650,000.
Seller Subsidy: $0.
List to Net Sales Price Ratio: 92.99%
Price per square foot: $471.
Settlement Date: 09/11/2012
Bank Owned?: No Short Sale? No
Type Of Financing: Cash (per listing but loan amount is also filled in. This may mean the contract was without a financing contingency)
Original GDoN post is: here.
The listing can be seen: here. The pics can be seen by clicking on the camera icon after opening the link.

This condo unit is located in The Clara Barton in Penn Quarter, very close to the Verizon Center, several Metro lines at Gallery Place, museums, and, of course, what’s left of Chinatown. At $471. per square foot, the sold price of this particular unit compares favorably in relation to condo pricing in neighborhoods around the city.

Continues after the jump.

Although some commenters to the original Good Deal or Not (GDoN) took issue with the $593.00 per month condo fee, it should be noted that living in The Clara Barton or her sister building The Lafayette (located back-to-back and facing D St NW), is a lifestyle unto itself. These two buildings built in the mid-2000’s have amenities not often seen in current new construction, including a theatre room, a full gym, a 24/7 concierge, sprawling glossy-floored public space, several elevators, a rooftop pool, and rooftop deck.

While it was noted in the original GDoN comments that one might do better to purchase a house in this price range, condo buyers will tell you, it’s a whole different mind set to want to live in a condo versus a house. Many of my condo buyers are frequent travelers and like the security of this type of building. Others don’t want to be bothered with exterior maintenance or landscaping. As a house owner, I would personally love to have someone sitting on my front steps waiting to accept packages or to query random strangers who knock on my door in the middle of the day.

The listing agent for 616 E St NW #212 was Aidan Duffy with Long and Foster Real Estate, Inc. Carrie Mann with Re/Max Town Center represented the purchaser.


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