GDoN Revisited by Hipchickindc – 1300 Emerald St, NE

by Prince Of Petworth June 26, 2015 at 11:30 am 1 Comment

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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: 1300 Emerald St NE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Capitol Hill/H Street
Bedrooms: 3 Baths: 1.5 Basement: No Parking: Street Ownership: Fee simple
Original List Price: $649,500.
List Price at Contract: $639,500.
List Date: 04/24/2015
Days on Market: 28
Settled Sales Price: $638,500.
Seller Subsidy: $5000.
Settlement Date: 06/22/2015
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

This property is notable for the mention of solar roof panels which, according to the listing, Solar Renewable Energy Credits “generated $3,088 in income in 2014”. The challenge with solar and other green improvements is that the real estate industry is still figuring out a consistent way of valuating these as improvements. This is a current conversation among appraisers, agents, as well as with multiple listing system providers who capture the listing data. Although there are marketable benefits in relation to saved energy costs, buyers are sometimes concerned about taking on leased systems, or technology that may age out.

With specific regard to Emerald Street, a one block long tree lined street not far from H Street, we revisited a couple of other properties last year. Prices in 2014 for these two settled sales profiled in Good Deal or Not Revisited (GDoN-R) were $669,500. and $630,000. with a $2500 subsidy.

The listing agent for this sale was Morgan Knull with Re/Max Gateway. April Brown with Century 21 New Millennium represented the buyer in this transaction.


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