Hipchickindc (aka Suzanne Des Marais) is a licensed real estate broker. She is an associate broker with Bediz Group, LLC at Keller Williams Capital Properties . 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 and/or Real Estate Business Intelligence (RBI), a subsidiary of MRIS. Information is deemed reliable but not guaranteed.
Featured Property: 1106 Columbia Rd NW #305
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 1 Baths: 1 Parking: Street Ownership: condo
Square Footage per Listing: 450
Original List Price: $274,555.
List Price at Contract: $274,555.
List Date: 12/17/2015
Days on Market: 1
Settled Sales Price: $285,000.
Seller Subsidy: $0.
Settled Price per Square Foot: $633.
Settlement Date: 1/20/2016
Transaction type: Standard
There are currently 51 properties under $300,000. actively listed market rate units for sale in NW DC (not including units that fall under DC’s inclusionary zoning lottery program). The majority of these are studios, and are located quite a bit further north than the subject property.
In December 2015, the average settled price for 1 bedroom condos in DC was $371,185. Except for a dip in January 2012 to an average of $297,924., the average price for 1 bedroom condos in DC has remained above $300,000. for over ten years (which is as far back as RBI provides reports). The average price per square foot for 1 bedroom condo units in all of DC for December 2015 was $509.
The listing agents for this sale were Mandy Mills and David Getson with Compass. Tommy Hart with Coldwell Banker Residential Brokerage represented the buyer in this transaction.