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Sold in 75 Days – 1239 Vermont Ave, NW #907

by Prince Of Petworth September 23, 2016 at 10:45 am 13 Comments

gdonr

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: 1239 Vermont Ave NW #907

Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Logan Circle
Bedrooms: 1 (Junior One Bedroom) Baths: 1 Parking: Garage parking available for sale Ownership: condo
Square Footage per listing: 465
Original List Price: $265,000.
List Price at Contract: $265,000.
List Date: 05/21/2016
Days on Market: 75
Settled Sales Price: $290,000.
Seller Subsidy: $3000.
Settlement Date: 09/15/2016
Settled Net Price per Square Foot: $617.
Transaction type: Standard

Original GDoN post can be seen: here.

The listings can be seen here: here.

Crescent Tower, located near Logan Circle at Vermont Ave NW and N St NW, was built in 1964. The ten story pet-friendly building has a total of 133 units. Amenities for the building include a weekday staffed front desk, a roof deck, pool, exercise room, and extra storage. Deeded garage parking is included with some units (and possibly available for purchase for others). Condo fees additionally include electric, heat, air conditioning, and gas (in addition to the usual things covered by condo fees, such as water and trash pick up).

This particular unit was originally listed for $10,000. less than it sold for in 2005. After over two and a half months on the market, it ultimately sold (net) at 8% higher than the original list price.

2016 has been a great year for Crescent Tower. This is the fourth settled sale in the building and every unit sold so far in the building in 2016 has sold over list price (average ~6% above). For the first time in its long history, two bedroom units are selling for over $500,000. Prior to the recent sales, the highest price point in the building was $450,000. Unit 902, a renovated 2 bedroom, 2 bath sold for $544,999. in April.

The listing agent for this sale was Elizabeth Blakeslee with Coldwell Banker Residential Brokerage. Brian Evans with Redfin Corp represented the Buyer.

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