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: 4321 12th Pl NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 2 Basement: Yes, Fully Finished Parking: Driveway/Off Street Ownership: Fee simple
Original List Price for this listing: $500,000.
List Price at Contract: $500,000.
List Date: 07/15/15
Days on Market for this listing: 7
Days on market: 7
Settled Sales Price: $615,000.
Seller Subsidy: $0.
Settlement Date: 8/12/15
Transaction type: Standard
Original GDoN post is: here.
The original listing can be seen here: here.
Commenters to the original Good Deal or Not (GDoN) post called it that the original list price, as it stood, was a great value. As is not unusual in the current DC real estate market, however, a good price attracts a lot of interest and the price ended up being pushed, assuming by multiple offers, a hearty $115k above.
According to Real Estate Business Intelligence stats, the year to date (through July 2015) median sales price in the legal subdivision of Brookland is $526,000. This is up 16.9% over the same time period in 2014, when median price was $450,000. In relation, however, to year to date increases in median sales price in other legal subdivisions around the city, Brookland falls into 10th place (in case you were wondering if DC has a housing affordability issue).
The listing agent for this sale was Kathleen Eder with Compass. Tianni Craig with Keller Williams represented the buyer in this transaction.