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Sold in Seven Days “undeniably charming house sold six figures above list price”

by Prince Of Petworth October 28, 2016 at 9:45 am 3 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 Smartcharts by Showingtime). Information is deemed reliable but not guaranteed.

Featured Property: 3024 Macomb St NW
Legal Subdivision: Cleveland Park
Advertised Subdivision per Listing: Cleveland Park
Bedrooms: 4 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $1,190,000.
List Price at Contract: $1,190,000.
List Date: 09/07/2016
Days on Market: 7
Settled Sales Price: $1,321,000.
Seller Subsidy: $0.
Settlement Date: 10/25/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listing can be seen here: here.

As was noted in the comments to the original Good Deal or Not post, per a Washington Post article, the subject was originally a Sears kit home and, until now, was owned by the same family since it was built in 1929.

Despite relying on street parking, the undeniably charming house sold six figures above list price. Although it may seem like every house that gets listed in Cleveland Park sells above asking, the average list to sold price ratio for that neighborhood for the 21 detached homes sold so far in 2016 is 98.09% (or slightly below list). $1,250,000. is the amount paid for the least expensive detached home in Cleveland Park in 2016, where median price is currently at $1,895,000.

While it might seem like the housing stock in this part of town is dominated by detached sales, there have been 93 condo and co-op sales in Cleveland Park so far this year. These ranged from a $195,000. studio to a $669,000. three bedroom unit.

The listing agents for this sale were Christie-Anne Weiss and Christopher Ritzert affiliated with TTR Sotheby’s International Realty. Michael Brennan, also with TTR Sotheby’s International Realty, assisted the Buyer.

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