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GDoN Revisited by Hipchickindc – 1243 10th St, NW

by Prince Of Petworth August 1, 2014 at 10:40 am 4 Comments

GDoN-r

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: 1243 10th St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 2 Baths: 2.5 Parking: Street Basement: No Ownership: Fee Simple
Square Footage per tax record: 1662
Original List Price: $875,000.
List Price at Contract: $799,000.
List Date: 2/4/2014
Days on Market: 96
Settled Sales Price: $760,000.
Seller Subsidy: $22,121.
Settlement Date: 7/21/2014
Bank Owned?: No Short Sale? No

Original GDoN post is: here.
The original listing can be seen here: here.

Last week, Good Deal or Not Revisited (GDoN-R) looked at a house on 10th Street on the other side of the city. You can see the link to that post here. The Capitol Hill 10th St house similarly had no basement, no off street parking, and was a couple hundred square feet larger. Both homes sold with a substantial seller subsidy (with the current subject property having a subsidy double that of the Capitol Hill sale).

Although this home was originally priced similarly to last week’s GDoN-R home, it did not go under contract until the list price came down to just below $800,000. Whereas the other home was on the market for 9 days, this one was out there for over three months (which, in normal markets is probably a pretty reasonable amount of time, but in the DC market, where listing time is calculated in dog years, that is kind of a long time.)

For whatever reason, it is not unusual to see fee simple house homes in Capitol Hill selling higher than their counterparts in similar neighborhoods in NW. On the flip side, the price per square foot for condos is significantly higher on the NW side of the city compared to The Hill, probably because there simply are more condo sales in NW.

Gina Carvana of Coldwell Banker Residential Brokerage listed the home. No buyer agent was reported in the multiple listing system.

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