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GDoN Revisited by Hipchickindc – 3115 13th Street, NE (reader request)

by Prince Of Petworth March 27, 2015 at 11:25 am 16 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: 3115 13th St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $475,000.
List Price at Contract: $475,000.
List Date: 02/11/2015
Days on Market: 7
Settled Sales Price: $580,000.
Seller Subsidy: $0.
Settlement Date: 3/16/2015
Bank Owned?: No Short Sale? No Estate: No

Original GDoN post is: here.

The original listing can be seen here: here.

Brookland is a NE DC neighborhood known for large yards and an abundance of fee simple properties including rowhomes like the subject property, as well as detached farm houses and bungalows. The main commercial area is 12th Street NE, near Metro, with several recent and ongoing development projects in the vicinity.

Commenters to the original Good Deal or Not (GDoN) post called this one. Several folks predicted that it would sell above list. One person even noted that their agent said to “expect it to go for $575,000.”

As with other neighborhoods in DC, Brookland is experiencing a very tight market for active listing inventory. Stats from Real Estate Business Intelligence (RBI) show that in February 2015, there were about half the number of homes listed as compared to the five year average for the month of February. With less than one months supply of inventory (a balanced market is generally considered a six month absorption rate), Brookland is definitely a sellers market right now.

There are currently a total of 18 fee simpleactive listings in Brookland, ranging from $284,900. to over $1 million.

The listing agent for this sale was Shelley Gold with Long and Foster Real Estate, Inc. Susan McNeill with Coldwell Banker Residential Brokerage represented the buyer in this transaction.


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