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: 1363 Florida Ave NE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Old City #1
Bedrooms: 2 Baths: 1.5 Parking: Driveway/Off Street
Living Area Square Footage Per Listing:
Original List Price: $469,900.
List Price at Contract: $469,900.
Days on Market: 2
Settled Sales Price: $465,000.
Seller Subsidy: $13,900.
Settlement Date: 11/7/2013
Bank Owned? No Short Sale? No
This petite home sold for a net of $451,900., or $18,800. below list price, going rapidly under contract after just two days on the market. A few years ago, being right on busy Florida Avenue probably would have yielded substantially more days on the market. (Actually, in 2004, when it was last sold, the newly renovated property required several price reductions and stayed on the market for 72 days until it finally sold for $245,000.)
Now, the property is next door to new construction condos and faces nationally known art galleries, including Connorsmith and Industry. It also pretty much backs up to H Street restaurants and entertainment. And, finally, they’re setting up the electrical lines for the street cars.
Back in April, we looked at a Good Deal or Not Revisited (GDoN-R) one block west that settled for a net just shy of $900,000. Granted, that is a much larger house, but reflects the shift in perception of value in the area.
The listing agent was Jo-Ann Henry of RE/MAX Premiere Selections. The purchaser was represented by Vassiliki Economides with Long and Foster Real Estate, Inc.