GDoN Revisited – 1818 Potomac Avenue, SE

by Prince Of Petworth April 11, 2014 at 10:55 am 1 Comment


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
: 1818 Potomac Avenue SE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Old City #1
Bedrooms: 3 Baths: 2 Parking: Street Basement: Yes, Fully finished Ownership: Fee simple
Square Footage per tax record: 1775
Original List Price: $593,600.
List Price at Contract: $593,600.
List Date: 2/7/2014
Days on Market: 8
Settled Sales Price: $585,000.
Seller Subsidy: $0.
Settlement Date: 4/7/2014
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The original listing can be seen here: here.

As often happens, there is a short debate in the comments on the original Good Deal or Not (GDoN) post about proximity to stuff, like Barracks Row and Eastern Market. Without paying a whole lot of attention to the address, I was picturing the house pretty much in Maryland, only to see on the listing map that it’s across from Congressional Cemetery, and a whopping four minute walk to the Stadium Armory Metro stop (two quick stops to Barracks Row…). Location in DC, of course, is relative, so maybe if you’re a diehard NW resident, yes, this is going to feel far away from everything.

There are currently a total of 8 active listings for houses within a half mile of the subject property, priced from $550,000. to $784,900. There are 17 houses in the area currently under contract. Over the past six months, there have been 64 settled sales of houses with a median of 10 days on the market, suggesting that (like much of the city at the present moment) listings are moving fast and there is a lot of demand.

The listing agent was Joel Martin of RE/MAX Allegiance. Jeffrey Tyler of Beasley Real Estate represented the buyer.


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