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GDoN Revisited by Hipchickindc – 1517 Church St, NW #C

by Prince Of Petworth August 30, 2013 at 11:00 am 15 Comments

1517-Church-Street-Northwest-e1375881428697

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: 1517 Church St NW #C
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Logan Circle
Bedrooms: 3 Baths: 3 Parking: Driveway/Offstreet Parking Space Conveys Fireplace: 1
Type of Ownership: Condo
Living Area Square Footage Per Tax Record: 2431
List Price at Contract: $1,475,000.
List Date: 08/01/2013
Days on Market: 13
Settled Sales Price: $1,520,000.
Seller Subsidy: $0.
Settled price per square foot: $610.
Settlement Date: 08/26/2013
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.

Tax records indicate that 1517 Church St NW was a single family rowhome when it was purchased in 2004 by the developer for $750,000. It was renovated into three condo units, including the subject property, which occupies the top two floors and roof deck. There are two deeded parking spaces for the building.

When this unit first sold in 2006, it settled for a purchase price of $1,300,000. Although that year marked what many real estate agents recall as the beginning of the burst (or at least a slow leak in some neighborhoods) of the real estate price bubble, there were three other condos in the immediate area (within .25 of a mile of the subject) that also sold that year over one million dollars.

So far in 2013, there have already been nine condo units in the neighborhood (including the subject property) that have transferred in the seven figures. This was the second highest price so far this year. A penthouse unit recently sold at the Cooper Lewis at the corner of P and 14th St NW for $1,550,000.

The listing agent was Chuck Holzwarth, Jr. of Washington Fine Properties. Martin Toews of Coldwell Banker Residential Brokerage represented the buyer.

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