GDoN Revisited by Hipchickindc – 303 K Street, SE

by Prince Of Petworth February 6, 2015 at 11:30 am 8 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: 303 K St SE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Old City #1
Bedrooms: 2 Baths: 2 Parking: Driveway Basement: Fully Finished with rear entrance Ownership: Fee Simple
Original List Price: $675,000. (Originally marketed in 2013 at $776,900.)
List Price at Contract: $574,999.
List Date: 8/23/2014 (Originally listed in October 2013)
Days on Market: 168 (three total attempts at marketing since 2013, so actually more overall)
Settled Sales Price: $560,000.
Seller Subsidy: $10,000.
Settlement Date: 1/30/2015
Bank Owned?: No Short Sale? No Estate: No

Original GDoN post is: here.

The original listing can be seen here: here.

There seemed to be some shifting going on in the DC real estate market last year, with slowing seen in some areas. Even so, it has been rare on Good Deal or Not Revisited posts to see such a significant reduction from the original price, or as much of an accrual of days on market.

Recent sales of houses in this immediate area just south of the SE/SW Freeway and not far from Nats Stadium range from $435,000. to $905,000.

With mortgage interest at sub 4% rates, there are buyers out everywhere. Coupled with extremely tight active listing inventory, it looks like it is going to be another competitive, fast paced Spring market.

The listing agent for this sale was Sadig Anwar with Fairfax Realty, Inc. The property was originally listed with another agent. CJ Davis with Long and Foster Real Estate, Inc. represented the buyer in this transaction.


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