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: 1509 Gallatin St NW
Legal Subdivision: 16th Street Heights
Advertised Subdivision per Listing: 16th Street Heights
Bedrooms: 3 Baths: 1 Parking: Drvwy/Off Str Basement: Yes, Unfinished Ownership: Fee Simple
Original List Price: $649,000.
List Price at Contract: $691,000.
List Date: 5/23/2014
Days on Market: 7
Settled Sales Price: $691,000.
Seller Subsidy: $0.
Settlement Date: 7/30/2014
Bank Owned?: No Short Sale? No
Original GDoN post is: here.
The original listing can be seen here: here.
The 16th Street Heights neighborhood is attractive to DC buyers seeking some room to spread out in living space detached from their neighbors and the typically large accompanying backyard. Although not particularly Metro accessible, there is an express limited stop bus that traverses 16th Street during rush hours.
This particular house suffered from something that many DC buyers might consider a deal breaker…the dreaded single bathroom in the entire house. Priced competitively under $650,000., the escalation to nearly $700,000. suggests that there was more than one buyer willing to deal with that affront to modern amenity.
In the past six months, detached single family home sales in 16th Street Heights have ranged from $480,000. (from agent’s description: “needs a plumber, electrician, heating and cooling contractor, and a gardener; and that’s just for starters”) to $1,250,000. for a completely gutted and renovated property on the same block as the subject property that was under contract before it ever hit the multiple listing service. There are currently 5 active listings for detached homes in the neighborhood, ranging in list price from $615,000. to $998,000.
Carlos Garcia of Keller Williams Capital Properties, (per the disclosure above, the listing agent is affiliated the same brokerage as the writer), represented the seller. Loic Pritchett of TTR Sotheby’s represented the buyer in this transaction.