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: 3902 14th St NW Unit 419
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 1 Baths: 1 Parking: Assigned Ownership: Condo
Monthly condo fee: $370.33
Square footage: 728
Original List Price: $299,990.
List Price at Contract: $299,990.
List Date: 04/06/2015
Days on Market: 8
Settled Sales Price: $311,000.
Seller Subsidy: $9,330.
Settled Price per square foot: $414.
Settlement Date: 05/08/2015
Transaction type: Standard
Original GDoN post is: here.
The original listing can be seen here: here.
The featured unit is located in the Randolph Towers Condominium, which had been a rental building since the early 1930’s, that began selling as condo ownership in 2009. The sales website remains active so you can still see the floor plans, etc. The condo association includes the addresses 3900 and 3902 14th St NW, and the large building is situated between Randolph and Shepherd Streets NW.
The price point for these updated homes is attractive to buyers and there has been a good amount of sales activity so far in 2015. This is the 6th sale in Randolph Towers since the beginning of 2015 and there are currently 3 units under contract. There are no current actives listed.
With the exception of a 475 square foot studio that sold at $169,900., all of the one and two bedroom units sold this year priced in the $300,000’s. As recently as 2013, prices were trending in the low $200,000’s, and increased into the high $200,000’s in 2014.
The listing agent for this sale was Daniel McDade with Long and Foster Real Estate, Inc. Mark Rutstein with Coldwell Banker Residential Brokerage represented the buyer in this transaction.