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GDoN Revisited by Hipchickindc – 113 P Street, NW

by Prince Of Petworth December 7, 2012 at 11:00 am 9 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 popville.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: 113 P St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Shaw-Truxton Circle
Original List Price: $449,900.
List Price at Contract: $449,900.
List Date: 09/26/2012
Days on Market: 28
Settled Sales Price: $440,000.
Seller Subsidy: $13,000.
List to Net Sales Price Ratio: 94.91%
Settlement Date: 11/28/2012
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional
Original GDoN post is: here.
The listing can be seen: here. To see pics, click on the camera icon after opening the link.

At present, the Truxton Circle neighborhood (named after the long gone circle) remains one of the few locations downtown (the subject property is a tad over two miles to the White House) where one can own a whole house for under $600,000. Since June of 2012, there were twenty two settled sales of fee simple houses priced from $278,000. to $585,000. This is in significant contrast to Bloomingdale, at the northern edge of the Truxton neighborhood, which is seeing prices into the $800,000’s.

Homes in Truxton Circle tend to be smaller than the similarly styled Victorians in Bloomingdale, yet are within a few short blocks of the row of emerging restaurants that currently includes Big Bear Café (I highly recommend dinner there if you haven’t been yet), Aroi Thai, Rustik, Boundary Stone, and Bacio Pizzeria. Parts of the neighborhood may be a bit of a hike to Metro, however, the National Mall, downtown business district, and Capitol Hill are all within biking distance. Several bus lines are convenient to the area.

The listing agent for 113 P St NW was H. Zaza Pasori with Realty Resource. Jennifer Myers with Dwell Residential Brokerage represented the buyer.

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