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GDoN Revisited by Hipchickindc – 1608 Lawrence St, NE

by Prince Of Petworth May 15, 2015 at 11:20 am 3 Comments

GDoN R

Hipchickindc is a licensed real estate broker. She is the President of 10 Square Real Estate. 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: 1608 Lawrence St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 3.5 Parking: Driveway/Off street Ownership: Fee simple
Original List Price: $895,000.
List Price at Contract: $869,600.
List Date: 01/10/2015
Days on Market: 82
Settled Sales Price: $860,000.
Seller Subsidy: $0.
Settlement Date: 05/01/2015
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

Last week, we revisited a home in the NE neighborhood of Eckington that also had an accumulation of days on market. A similar consideration applies here, in that buyers who are missing out in competitive bids on newly listed properties, might be wise to go back and look at some of the inventory that is hanging around. In this case, the property eventually sold for $35,000. less than the original price back in January (remember winter?)

With the Monroe Market development, and 12th Street adding restaurants, Brookland just keeps becoming more appealing. The average price for a detached home in Brookland in 2015 year to date is $668,303. A year ago, for the same time frame, the average sold price of a detached single family house was $516,181.

The highest sale price to date in Brookland was at $998,000. this year for 1523 Monroe St NE. Brookland saw its first sale over $900,000. in summer of 2014. Since that time, there have been a total of nine sales at $900,000. or above.

The listing agent for this sale was Jameela Charles with Home Source Real Estate Solutions. Ed Carp with Continental Properties, Ltd. represented the buyer in this transaction.

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