GDoN Revisited by Hipchickindc – 31 Grant Circle NW

by Prince Of Petworth January 9, 2015 at 11:35 am 3 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: 31 Grant Circle NW
Legal Subdivision: Petworth
Advertised Subdivision per Listing: Petworth
Bedrooms: 4 Baths: 3.5 Parking: Garage Basement: Fully Finished Ownership: Fee Simple
Original List Price: $839,900.
List Price at Contract: $839,900.
List Date: 11/08/2014
Days on Market: 17
Settled Sales Price: $840,000.
Seller Subsidy: $10,894
Settlement Date: 12/29/2014
Bank Owned?: No Short Sale? No Estate: No

Original GDoN post is: here.

It looks like the investor got a pretty good deal on this property when they purchased in September 2013 off market for $389,000. Commenters to the original Good Deal or Not (GDoN) post opined that the completely renovated home facing the most fabulous tree in DC was a tad overpriced at $839,900. That said, a buyer willingly paid the price (plus an additional $100).

Prior to this, the most recent sale on Grant Circle was a similarly sized and renovated house that sold for $727,000. in September 2013. Petworth real estate first hit the $800,000. price point in December 2013. Since then, including the subject property, there have been a total of five additional settled sales over $800,000. and one pending sale listed over $800,000. So far, $840,000. is the high mark, with one other sale at this price besides this one.

You can see a 2010 Good Deal or Not Revisited (GDoN-R) post for a cash deal at $370,000. here.

Here is a GDoN-R on Grant Circle from 2011 when a nicely renovated home could be had for a relative mere $570,000.

The listing agents were Daryl Gayhardt and Peggy Gayhardt with Central Properties, LLC. Mary Flanagan with Long and Foster Real Estate, Inc. represented the buyer in this transaction.


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