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How Much Duke Ellington’s House Sold For After Six Days

duke-house

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: 2728 Sherman Ave NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 3 Baths: 2 Parking: Street Ownership: Fee Simple
Lot Square Footage: 1120 square feet
Original List Price: $499,000.
List Price at Contract: $499,000..
Original List Date: 03/06/2016
Days on Market: 6
Settled Sales Price: $550,000.
Seller Subsidy: $0.
Settlement Date: 04/11/2016
Transaction type: Standard

Original GDoN post is: here.

The listing can be seen here: here.

duke

The subject property exhibits a plaque stating that Duke Ellington resided in the home from 1919-1922. This raised the question in the comments to the original GDoN post as to whether famous inhabitants have an influence on the value of a particular property? (Which garnered the response from another commenter, “How many houses in DC did this guy live in? Seems Like a lot.”)

In this case, it appears that the sale price does not reflect the cache of its former occupant. However, there could be a great historic element to bring in to the marketing on the post-renovation side (if it was purchased by someone with the intent to renovate and sell, which we do not actually know.)

Settled sales in the immediate neighborhood around Sherman, between Morton and Barry Place, 11th-ish and Georgia) over the past six months have ranged from $285,000. for a one bedroom condo, to $1,150,000. for a 2 bedroom condo on the 700 block of Morton St NW. You can explore the list of settled sales here

The listing agent for this sale was Matt Paschall of Long and Foster Real Estate, Inc. Leslie White with Redfin Corporation represented the Buyer.

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