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: 630 Quebec Place, NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights/Park View
Bedrooms: 4 Baths: 3.5 Parking: Driveway/Street Ownership: Fee Simple
Basement: Yes, Fully finished with front and rear exits
Original List Price: $849,900.
List Price at Contract: $849,900.
List Date: 1/22/2014
Days on Market: 5
Settled Sales Price: $837,500.
Seller Subsidy: $0.
Settlement Date: 2/14/2014
Bank Owned?: No Short Sale? No
Purchased in August 2013 for a settled sales price of $452,000. (list price was $349,500), the property was renovated by Walnut Street Development and back on the market in January. This recently settled sales price over $800,000. represents a significant benchmark in price appreciation for the east side of Georgia Avenue NW.
The one and only time a property had sold in Park View over $800,000. was back in 2006. Otherwise, the next highest price point hit was in the high $700,000’s, in September 2013. You can see all of the sales in the Park View neighborhood that were listed over $500,000. here.
Inventory all over the city has been very tight and there is a large pool of buyers trying to buy before mortgage interest rates head up further. I don’t expect to see this intensity change any time soon. The Spring market is anticipated to be very seller friendly, with another potential push up of DC home prices.
The listing agent was Bobbie Morrocco with M Squared Real Estate and the buyer was represented by Erin Mendenhall of Century 21 New Millenium.