GDoN Revisited by Hipchickindc – 1901 Wyoming Ave NW #46

by Prince Of Petworth March 21, 2014 at 11:00 am 5 Comments


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: 1901 Wyoming Ave NW #46
Legal Subdivision: Kalorama
Advertised Subdivision per Listing: Kalorama
Bedrooms: 1 Baths: 1 Parking: Street Ownership: Cooperative Monthly fee: $460.
Original List Price: $324,900.
List Price at Contract: $289,000.
List Date: 9/30/2013
Days on Market: 113
Settled Sales Price: $279,500.
Seller Subsidy: $2350.
Settlement Date: 3/7/2014
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The original listing can be seen here: here . Here is a link to the virtual tour.

Like many of the century old apartment turned co-op buildings in DC, The Altamont has an interesting back story. The DC Cooperative Housing Coalition has a great history posted on their site. Here’s an excerpt:

“…in its original configuration had three apartments on each floor: On the east and west there were two grand, 12-room apartments with servants’ quarters and in the center, one smaller bachelor’s apartment. Most of the original apartments had at least one wood-burning fireplace, and those fireplaces are still maintained in good working order today.

The seventh floor featured a restaurant, with dumb-waiters servicing the apartments, in addition to trunk rooms for each apartment. The basement, too, served the residents, with a billiard room, barber shop, beauty parlor, servants’ dining room and a laundry. The laundry room still has the massive original gas clothes dryer, now disconnected but used as a convenient drying rack.”

In the past six months there have been eleven other transactions of one bedroom co-op units within a half mile of this property. The less than 700 square foot units in this building represent the low end of the market. Other units of similar size, location, and in buildings around the same age have recently sold in the low $300,000’s. Market price is greatly affected by the layout, as well as the level of update, availability of parking, etc.

The listing agent was Vincent Walsh with Tilton Bernstein Walsh Real Estate, LLC. The buyer was represented by Wayne Johnson of Keller Williams Capital Properties (which, as per note above, is the same brokerage that the author is affiliated with).


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