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GDoN Revisited by Hipchickindc – 260 Warren Street, NE

by Prince Of Petworth December 21, 2012 at 11:00 am 4 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: 260 Warren St NE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Capitol Hill
Original List Price: $485,000.
List Price at Contract: $485,000.
List Date: 11/17/2012
Days on Market: 3
Settled Sales Price: $485,000.
Seller Subsidy: $1875.
List to Net Sales Price Ratio: 99.61%
Settlement Date: 12/06/2012
Bank Owned?: No Short Sale? No
Type Of Financing: FHA
Original GDoN post is: here.
The listing can be seen: here. To see pics, click on the camera icon after opening the link.

The current sale is the fifth transfer of this property since the turn of the Millennium. What is interesting to me is that with that many transfers, it does not appear at any point to have bought, redone by a developer, and then sold again. Apparently, throughout this decade plus, it has just always been 768 square feet of cute. Here is the story of the house, listing by listing:

June 2000
List price: $149,000.
Net sold price: $139,874.
Days on market: 9
Comments: “The ultimate condo replacement”

July 2004
List price: $319,000.
Net sold price: $314,000.
Days on market: 6
Comments: “SPLENDID CONDO ALTERNATIVE” (All caps are a direct quote)

March 2007
List price: $399,900.
Net sold price: $385,000.
Days on market: 104
Comments: “Fabulous alternative to a condo”

April 2009
List price: $449,000.
Net sold price: $432,500.
Days on market: 33
Comments: umm, no mention of condo…”Completely renovated home on one of Capitol Hill’s secret side streets”

The listing agent for 260 Warren St NE was Valerie Blake with Prudential PenFed Realty. James Dean, also with Prudential PenFed Realty, represented the buyer.


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