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GDoN Revisited by Hipchickindc – 700 7th Street, SW #136

by Prince Of Petworth June 6, 2014 at 10:55 am 16 Comments

gdon_revisited_sw_waterfront

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: 700 7th St SW #136
Legal Subdivision: RLA (SW)
Advertised Subdivision per Listing: RLA (SW)
Bedrooms: 1 Baths: 1 Parking: Offsite/Permit Required, On-site Prk/Rent Ownership: Condo
Square footage per listing: 740
Original List Price: $264,900.
List Price at Contract: $264,900.
Monthly Condo fee: $615.46
List Date: 3/9/2014
Days on Market: 49
Settled Sales Price: $255,000.
Seller Subsidy: $7860.
Settled price per square foot: $334.
Settlement Date: 5/30/2014
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The original listing can be seen here: here.

In addition to being sort of close to Nats Stadium and related development, as well as the already developed area around the SW Metro (DC Gov offices, Safeway, restaurants), there are major changes planned for this part of the city. Just like when Target in Columbia Heights was a giant fenced space for several years, people seem to wait to jump on the real estate until tangible signs of the development show up.

Although there are a number of cooperatively owned buildings in SW, this unit is condo ownership. Yes, the fee is relatively high at over $600/month, and no, because it is not a co-op, that does not include taxes. The fee includes utilities, a 24 hour front desk person, as well as pool maintenance.

There are currently 22 active listings for sale in the waterfront area of SW DC, ranging from $164,900 for a studio to $561,500. for a 3 bedroom condo townhome (there is also a house being offered as a development opportunity at $975,000.)

The listing agent was Damon Downing of Coldwell Banker Residential Brokerage. The buyer was represented by Lee Wells of Central Properties, LLC.

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