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GDoN Revisited by Hipchickindc – 309 Seaton Place, NE

by Prince Of Petworth July 31, 2015 at 10:35 am 4 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: 309 Seaton Pl NE
Legal Subdivision: Eckington
Advertised Subdivision per Listing: Eckington
Bedrooms: 3 Baths: 3.5 Basement: Yes, Fully Finished Parking: Street Ownership: Fee simple
Original List Price for this listing: $699,900.
Property first listed by other agents in May at $799,000.
List Price at Contract: $699,900.
List Date: 06/11/2015
Days on Market for this listing: 5
Days on market for May 2015 listing: 67
Settled Sales Price: $699,900.
Seller Subsidy: $1500.
Settlement Date: 07/15/2015
Transaction type: Standard

Original GDoN post is: here.

The original listing can be seen here: here.

Here is yet another example of a home that sold significantly lower than what it was originally optimistically priced at. Even in a fast paced market with heavy demand, initial pricing is key to a quick sale.

Just across North Capitol from its NW DC neighbor, Bloomingdale, Eckington is a NE DC neighborhood that has fee simple attached rowhomes that range significantly in size and price. The south and west ends of the neighborhood feature Victorians with turrets and bays. There are a few large detached homes, however, the majority of the housing stock are porch front houses similar to the subject property.

The highest price paid to date for a house in Eckington is $910,000., which has happened twice (once this Spring, and once in 2014). The bulk of home sales in this neighborhood fall into the $500,000. and $600,000’s.

There are currently 5 fee simple homes actively listed and 7 condo units listed.

The listing agents for this sale were Trent Heminger and Kevin Gray with Beasley Real Estate LLC. represented the buyer in this transaction. Nathan Guggenheim with Washington Fine Properties represented the buyer.

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