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: 1313 Emerald St NE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Capitol Hill East
Bedrooms: 3 Baths: 1.5 Basement: No Parking: Street Ownership: Fee Simple
Original List Price: $575,000.
List Price at Contract: $575,000.
List Date: 4/30/2014
Days on Market: 3
Settled Sales Price: $630,000.
Seller Subsidy: $2500.
Settlement Date: 5/15/2014
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The original listing can be seen here: here.
Emerald Street NE is a one block long street tucked in amongst the single letter streets between Maryland and Tennessee Avenues, a few blocks south of H Street NE. Most of the homes on this block are a smaller scaled basement-less version of the bay front brick Victorians found on surrounding streets.
Not surprisingly, this area has kept pace with the rising market values throughout the city. This recent renovation is the highest price paid on the block since 2011. There were two other sales on the block this year, at $502,900. and $571,000.
A testament to the frustrations of buyers struggling with extremely tight active listing inventory, the 20002 zip code had nearly half the typical (5 year average) number of active listings for the month of April 2014. Median sold price for zip 20002 in April 2014 was $501,750.
The listing agent was Uzi Ogbuokiri of Long and Foster. The buyer was represented by Peter Grimm of Prudential PenFed Realty.