GDoN Revisited by Hipchickindc – 3901 Connecticut Avenue, NW

by Prince Of Petworth February 8, 2013 at 11:00 am 3 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: 3901 Connecticut Ave NW, Unit 212
Legal Subdivision: Forest Hills
Advertised Subdivision per Listing: Forest Hills
Original List Price: $344,000
List Price at Contract: $344,000
List Date: 11/27/2012
Days on Market: 15
Settled Sales Price: $356,000
Seller Subsidy: $0
List to Net Sales Price Ratio: 103.49%
Settled price per square foot: $430.
Settlement Date: 1/30/2013
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The listing can be seen: here. To see pics, click on the camera icon after opening the link.

Forest Hills is largely populated by multi unit properties built as grand apartment buildings in the 1920’s and 1930’s, many of which made it in to historian James Goode’s notable “Best Addresses” book. While some remain rental apartment buildings, a good number have been converted to cooperatives or condo ownership.

Continues after the jump.

In recent years, the trend in condos has been toward newly converted or newly built contemporary units further downtown. As DC buyers seek value in a challenging market, some are rediscovering the historic character of these old world buildings. On the positive side, units in older buildings may tend to be larger than you might typically find in newer properties. Many have elevators, front desk staff, and are located close to Metro. On the down side, they may require a trip down the hall or to the basement to do laundry, and not all have central air conditioning.

In addition to the sale of this 800+ square foot one bedroom unit in 3901 Connecticut Ave NW, a 1525 square foot two bedroom, one and a half bath unit sold in the same building for a net price of $706,000. ($462/square foot) in January 2013.

The listing agent for 3901 Connecticut Ave NW Unit 212 was Nancy Pulley with Long & Foster Real Estate. The Purchaser was represented by Gerry Dunn from Real Living at Home.


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