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GDoN Revisited by Hipchickindc – 1228 Florida Ave, NE

by Prince Of Petworth April 19, 2013 at 11:00 am 49 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: 1228 Florida Ave NE
Legal Subdivision: Trinidad
Advertised Subdivision per Listing: Trinidad
Bedrooms: 6 Baths: 4.5
Original List Price: $926,500
List Price at Contract: $898,400.
List Date: 1/31/2013
Days on Market: 18
Settled Sales Price: $926,000
Seller Subsidy: $27,780.
Settlement Date: 04/04/2013
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.

When a Good Deal or Not (GDoN) post garners 110 comments, there’s got to be some controversy. In this case, it’s a nearly $900,000. net sale for a particularly large fully renovated house in the NE DC neighborhood of Trinidad, on busy Florida Ave, no less.

To date, the next highest sale in the Trinidad neighborhood was a January sale down the street at 1222 Florida Ave NE for $590,000. The property is within less than half a mile to neighborhoods that are regularly seeing high end prices (notably south of H St NE and closer to Lincoln Park, although prices are also rising at the lower part of Eckington to the west).

In May 2012, some apparently savvy investors paid $286,000. in cash for the property.

The listing agent was Matt Tekmen of Fairfax Realty, Inc. Dyanne Branand of Coldwell Banker Residential Brokerage represented the purchaser.


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