GDoN Revisited by Hipchickindc – 302 Todd Place NE #2

by Prince Of Petworth January 18, 2013 at 11:00 am 6 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: 302 Todd Place NE #2
Legal Subdivision: Eckington
Advertised Subdivision per Listing: Eckington
Original List Price: $264,750.
List Price at Contract: $264,750.
List Date: 8/3/2012
Days on Market: 124
Settled Sales Price: $272,750.
Seller Subsidy: $4362
Listing to Net Sales Price Ratio: 101.37%
Settlement Date: 1/10/2013
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The listings for both unit 2 & unit 4 can be seen: here. To see pics, click on the camera icon after opening the link.

The legal subdivision of Eckington straddles North Capitol Street north of Florida Avenue and runs all the way to Rhode Island Avenue. The triangle formed by the intersection of Florida Ave, Rhode Island Ave, and North Cap is part of the legal subdivision of Eckington, but is considered part of the Bloomingdale neighborhood by residents. Although one may see real estate listings identified as Eckington on the west side of North Capitol Street, “Real” Eckington is typically considered the neighborhood on the east side.

North Capitol Street creates a significant geographic boundary, and yes, Bloomingdale has risen more rapidly in terms of commercial development and price appreciation. However, the real estate market in Eckington is keeping pace pretty well. Considering proximity to the Red Line, Harris Teeter, NOMA, and Union Market (aka my recent favorite place in DC), there is a good amount of buyer interest in the neighborhood.

Including the sales in this building, Eckington saw a total of 21 settled condo sales between January 2012 and present. Settled condo prices ranged from $51,000. for a 400 square foot basement one bedroom all the way to $539,900. for an 1840 square foot three bedroom duplex unit in a Victorian rowhome. Fee simple sales in 2012 started at $205,000. and maxed at $679,000..

  • Anon

    Where are all the posters who say that DC is unaffordable? $265,000?

  • i bet eckington will skyrocket in the next few years.
    still a lot of crime, but the up side is huge there. two metro stations, and lots of new development happening/ going to happen.

    • Anonymous

      Hope so, because I’m under contract for a house and I think I’m paying too much. The inventory’s so low, though, and we’re ready to move, so figured we’d just go for it. There were other offers, which is what drove ours up, but it still hurts to pay as much as we are in this area.

      • sv

        Congratulations! If you are willing to stick it out for a while (5+years), I think you’ll make out fine!

      • Eckingtonian

        Been living here on the south end for two years and love it. I don’t know if the market will keep going up, but I’ll tell you that we thought we were going to lose money immediately, and instead we’ve built at least $100k of equity.

        • Anonymous

          That’s good to hear, both you and sv. We’re definitely in it for a long while, given all the effort and $$ these 203k renos take…


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