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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.

  • T

    Why not talk candidly about crime in this neighborhood?

    • Anonymous

      The crime in the neighborhood is worse than Bloomingdale, I’m sure. But it’s not actually all that bad, and there are plenty of worse areas in the city – no not places with properties in the $800,000 range, but certainly with prices in $278,000 to $585,000 range. For full disclosure, I live in the area, so I’m probably biased. But I haven’t had a single problem with crime affecting me in the 2 years I’ve lived there. And I’ve enjoyed my 20 minute walk to work and my 5 minute walk to the metro (the middle of the neighborhood is further from the metro – the edges tend to be near one of 3 stations). And I like being able to walk to or from theaters, restaurtants, the grocery store, etc.

    • anon

      it’s a city. there’s crime. get over it.

      • Anonymous

        i live in the Trux – have for 2 years – nothing bad’s ever happened. crime there is no different than any other non-rich hood in DC

      • Anonymous

        Reasonable people can agree that crime rates have improved over the past however many years, and people can also debate whether fears about the crime level in a particular neighborhood are borne of actual statistics versus perception or hype. But to suggest that people “get over it” is dismissive, not to mention ridiculous in the implication that crime is somehow inevitable and intractable because we live in a city. (Petty crime maybe, violent crime, no.) That sentiment doesn’t serve anyone–homeowners, renters, new residents, longtime residents, whoever–well.

    • Anonymous

      Yes. Let’s be frank. The crime in Truxton consists of the CAPCS school building an illegal parking lot so Kent Amos could claim tens of thousands in charitable deductions with his “church” based in PGC.

      More crime comes from PGC parents dropping their kids off every morning at this DC public charter school.

      Finally, there is litter and illegal parking, especially on Sundays when the Kent Amos church is in session collecting money from the PGC members.

  • Anonymous

    agents aren’t allowed to talk about that

  • bb

    It’ll be interesting to see if/how the completion of the Dunbar high school renovation will impact this area.

  • I’ve lived in the blue (formerly purple) house to the right of this one for more than three years and love the neighborhood. I couldn’t be happier about my decision to buy my place . . . especially since I paid under $300k for it. Is Truxton a little sketchier than Bloomingdale? Yeah, sure . . . but not several hundred thousand dollars worth of sketchier. And, notwithstanding the fact that the (really nice) buyer of this place paid almost $150k more than me, I think he still got a pretty good value. Yep, still some values to be found in Truxton.


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