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GDoN Revisited by Hipchickindc – 1617 East Capitol St, SE

by Prince Of Petworth March 7, 2014 at 11:00 am 3 Comments

1617-East-Capitol-Street-Southeast-e1386687342481

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: 1617 East Capitol St SE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Capitol Hill
Bedrooms: 3 Baths: 2 Parking: Garage Ownership: Fee Simple Basement: Full basement/partially finished
Original List Price: $769,000.
List Price at Contract: $729,000.
List Date: 10/25/2013
Days on Market: 89
Settled Sales Price: $710,000.
Seller Subsidy: $1000.
Settlement Date: 2/28/2014
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.

This property was listed last Fall and needed to see two price reductions to get it to contract. A look at the recent sales of houses in this part of the city shows a wide range of price points, which can make right pricing a significant challenge. Extremely limited inventory is continuing to drive prices up, and that trend is expected to continue through the Spring market. Over the past six months, within a third of a mile radius of this property, there were 41 settled sales of houses, 11 currently under contract, and only 5 actively for sale.

The property last sold for $558,500. in 2008. You can see the virtual tour from that time period here. When it was in need of renovation in 2003, the property sold for $303,200.

The listing agent was Bobbie Krengel with Prudential PenFed Realty and the buyer was represented by Suzanne Goldstein of Long and Foster Real Estate, Inc.

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