GDoN Revisited by Hipchickindc – 1718 P Street NW, #612

by Prince Of Petworth May 2, 2014 at 11:15 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: 1718 P St NW, #612
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Dupont Circle
Bedrooms: 1 Baths: 1 Parking: Street Ownership: Condo Condo fee: $381.26
Square Footage per listing: 480 Square Feet Price per square foot: $688.
Original List Price: $295,000.
List Price at Contract: $330,100.
List Date: 3/26/2014
Days on Market: 7
Settled Sales Price: $330,100.
Seller Subsidy: $0.
Settlement Date: 4/25/2014
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The original listing can be seen here: here.

For units 500 square feet and less in this building, this was the highest price so far. The next highest price was paid in August 2013, at $298,000., for a studio with a tax record square footage of 444 square feet ($671/square foot).

Looking at the zip code 20009, which includes both Dupont and Adams Morgan, the median sold price for one bedroom one bath condos has fluctuated up and down over the past five years, but has generally stayed in the low to mid $300,000’s. Over the past year, there has been a steady increase in median prices into the high $300,000’s. March 2014 saw a five year high median price for one bedroom one bath condos in this area of the city, at $428,700.

Including this unit, there have been a total of four condos in this building listed for sale so far in 2014. In 2013, six units hit the market and sold ranging from $235,000. for a 415 square for studio ($566/square foot), to $560,000. for an 870 square foot two bedroom one and a half bath unit ($644/square foot).

Because somebody asked in the original Good Deal or Not (GDoN) post, most recent rents noted in the multiple listing system in this building were $2195. (December 2013) and $2300. (August 2013) for one bedroom units.

The listing agents were Heather Davenport and Matthew McHugh of Lindsay Reishman Real Estate, Inc. The buyer was represented by Marian Rosaaen of Beasley Real Estate, LLC.


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