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GDoN Revisited by Hipchickindc – 1000 Monroe St, NW

by Prince Of Petworth June 28, 2013 at 11:00 am 12 Comments

1000_monroe_st_nw

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: 1000 Monroe St NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 4 Baths: 2.5 Parking: Street
Finished Square Footage per tax record: 1890
Type of Ownership: Fee Simple
List Price at Contract: $650,000.
List Date: 05/11/2013
Days on Market: 3
Settled Sales Price: $750,000.
List to Settled Sales Price Ratio: 113.08%
Seller Subsidy: $15,000.
Settlement Date: 06/14/2013
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The listing can be seen: here. To see pics, open the link above and click on the camera icon to scroll through pics.

Despite rising mortgage interest rates and the steam bath-like DC summer weather, buyers remain out in full force. One might even speculate that the rise in interest rates is contributing to the frantic demand, with buyers intent upon locking in at what are still considered historically low rates. Although listing inventory appears to be ticking up, the market remains extremely fast paced.

The subject house did not have central air conditioning, a finished basement, or off street parking, yet the downtown location and historic charm of the property apparently attracted a lot of interest. The ultimate net settled sales price was 13% above the list price; a high percentage even in a zip code that is used to seeing prices bid over list. Since February 2013, the average sale in zip 20010 was bid up 2%.

The listing agent was Sue Jin Song of Century 21 New Millenium Real Estate. Amit Magdieli of Fairfax Realty represented the buyer.

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