Sold in Eleven Days – Logan Circle Condo

Suzanne Des Marais 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: 1245 13th St NW #915
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 1 Baths: 1 Parking: Street/On-site parking for rent Ownership: Condo
Monthly Condo Fee: $513.03 Square Footage per Listing: 632
Original List Price: $369,000.
List Price at Contract: $369,000.
List Date: 06/12/2016
Days on Market: 11
Settled Sales Price: $371,500.
Seller Subsidy: $0.
Settled Price per Square Foot: $588.
Settlement Date: 07/29/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listing can be seen here: here.

Built in post-lead paint era* 1981 as “luxury rentals” prior to the Renaissance of Logan Circle, the Logan Park occupies a prime downtown spot on the South East corner of the intersection 13th and N Streets NW. The building went condo in the early 1990’s, at which point the name changed to “Park Princess”. Her original “Logan Park” name was restored about a decade ago, when condo identity had seriously started to be a thing in DC.

A ten story property with a roof deck and elevator, the building has over a hundred total units and fifty three underground garage spaces. The $513.03 monthly fee includes 24 hour security, commonly metered heat, A/C, gas, and electricity. Some units in the building sell with garage spaces, and it is noted in the listing that rental parking is available.

There have been six settled sales in the building so far in 2016, at an average price per square foot of $558. In relation, 2015 saw a total of six units sold for the entire year, at an average price per square foot of $525. Across the street and catty corner exist the 2004-built Radius condos and the 2002-built Solo Piazza condos, which are generally selling in the $600’s per square foot.

The listing agent for this sale was Marian Thompson with McEnearney Associates, Inc. Katharine Gregg, also with McEnearney Associates, assisted the Buyer.

*Anything built before 1978 is presumed to have lead-based paint in it and thus requires federal and local disclosure.