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: 135 11th St, SE
Legal Subdivision: Capitol Hill
Advertised Subdivision per Listing: Capitol Hill
Bedrooms: 2 Baths: 2.5 Basement: Yes, fully finished Parking: Street Type of Ownership: Fee simple
Total Building Area per tax record: 1950 square feet
Original List Price: $899,900.
List Price at Contract: $849,900.
List Date: 11/15/2013
Days on Market: 31
Settled Sales Price: $870,000.
Seller Subsidy: $0.
Settlement Date: 1/17/2014
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The original listing can be seen here: here. To see pics, click on the camera icon after opening the link.
Located half a block to Lincoln Park, and less than a third of a mile to Eastern Market and the associated Metro, this home didn’t quite make the initial asking price, but still sold in the upper $800’s. Since June 2013 and within a third of a mile radius, there were a total of 73 sales of fee simple homes. This sale falls in between the median and average settled sales prices of $844,000. and $908,026 respectively.
This home was on the market for 31 days. In most areas of the country, that would be considered a very short marketing period, however, the median days on market for this immediate area over this almost seven month time period was 8 days. Granted, the property was listed shortly before Thanksgiving. The price drop happened a month in, and apparently did the trick, as it moved to contract three days later and sold solidly above the motivating price.
Heather Davenport with Lindsay Reishman Real Estate, Inc. represented the seller. No buyer agent is noted.