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Sold in 53 Days – 1352 Randolph St, NW

by Prince Of Petworth September 16, 2016 at 9:50 am 8 Comments

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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: 1352 Randolph St NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 4 Baths: 2.5 Parking: Garage Ownership: Fee Simple
Lot Square Footage: 2700
Original List Price: $750,000.
List Price at Contract: $700,000.
List Date: 06/04/2016
Days on Market: 53
Settled Sales Price: $635,000.
Seller Subsidy: $0.
Settlement Date: 08/31/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listings can be seen here: here.

The original Good Deal or Not post for this listing showed up right after the property was listed, early in summer. At that time, the home was marketed for $750,000. It was later reduced to $729,900., and again to $700,000.

This property has a large lot, and some of the original details, such as the swing door to the kitchen, built ins, and lots of wood trim. In addition, the basement is paneled in knotty pine, considered an amenity back in the day.

For perspective, this is one of three homes to sell on this block since March 1, 2016. A home in similar condition sold in April for $700,000. An updated home sold in June for $835,000.

Sales in this part of Columbia Heights remain fairly consistent. From March 1, 2016 to September 15, 2016, there were 23 settled sales. For the same time period in 2014, there were 26 sales, and 28 in 2015. Median price for the timeframe in 2014 was $685,000., up to $727,000. in 2015, and at $700,000. in 2016.

The listing agent for this sale was Orin Luke with Fairfax Realty, Inc. Michael Goss with Source One Realty represented the Buyer.

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