GDoN Revisited by Hipchickindc – 2141 P St, NW #205

by Prince Of Petworth June 21, 2013 at 11:00 am 0


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: 2141 P St NW #205
Legal Subdivision: Central
Advertised Subdivision per Listing: Dupont Circle
Bedrooms: 1 Baths: 1 Parking: On-site prk/Rent
Square Footage per tax record: 663
Type of Ownership: Condo, Sale
Condo Fee: $323/month
List Price at Contract: $429,900.
List Date: 04/16/2013
Days on Market: 6
Settled Sales Price: $431,900.
Settled Price per Square Foot: $651. (not including balcony)
Seller Subsidy: $0
Settlement Date: 06/4/2013
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.

Located a few blocks from the Dupont Metro, the Dupont West condominiums were built in 1980. This most recent sale in the building of a one bedroom, one full bath unit, was the second highest price paid for a unit of this size. The highest sale in the building for a 1/1 of similar square footage was at $459,000. ($687/square foot) in 2005, for a unit on the fourth floor.

In January 2013, a 1/1 on the 9th floor sold $6000. above list for $425,000. ($636/square foot). Typically, the premium for being on a higher floor is reflected in the price being higher, however, the 9th floor unit was not as trendily updated as the subject property.

You can see the Before pics from January 2013 when the subject property was purchased for $299,900. ($452/square foot…which is comparable to prices much further east for new or completely renovated units). This looks like it was a smart buy, especially given that construction involved less than 700 square feet.

The listing agent was Joshua Oliver of M Squared Real Estate. Rima Tannous of Long and Foster represented the buyer.


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