Sold After Six Days in Logan

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). Information is deemed reliable but not guaranteed.

Featured Property: 1516 Kingman Pl NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Logan Circle
Bedrooms: 3 Baths: 3.5 Parking: Driveway Ownership: Fee Simple
Lot Square Footage: 1584 square feet
Original List Price: $1,895,000.
List Price at Contract: $1,895,000.
Original List Date: 02/10/2016
Days on Market: 6
Settled Sales Price: $1,900,000.
Seller Subsidy: $0.
Settlement Date: 03/25/2016
Transaction type: Standard

Original GDoN post is: here.

The listing can be seen here: here.

Tucked away on a one block long street just between 14th Street NW and Logan Circle, this home is Victorian from the street and ultra modern behind the front façade. Last purchased in 2014 for $899,000. (and prior to that in 1992 for $232,000.), the 2014 listing reported that, at that time, the home “needs significant updating”.

As of 04/07/2016, there are a number of condo units active in the vicinity, but no fee simple active listings within a quarter mile of this home, reflecting the high demand of this area. Average net price for fee simple home sales in this location for the past six months is at $1,447,000. Looking back, for the same location and relative time period five years ago, median net price was $1,173,892., and ten years ago, it was $1,034,379.

The listing agents for this sale were Darryl Judy and Kimberly Casey with Washington Fine Properties. Kimberly Casey from Washington Fine Properties was the designated representative for the Buyer.