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Sold for $765,000 in Three Days

by Prince Of Petworth December 23, 2016 at 9:00 am 17 Comments

301-massachusetts-avenue-northwest

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with the 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: 301 Massachusetts Ave NW #403

Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 2 Baths: 2 Parking: Deeded, Underground Garage Ownership: Condo
Original List Price: $765,000. List Price at Contract: $765,000.
List Date: 10/05/2016 Days on Market: 3
Settled Sales Price: $765,000.
Seller Subsidy: $0.
Settlement Date: 12/12/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listing can be seen here: here.

When The Sonata, in which the subject property is located, and her sister building, Madrigal Lofts, were under construction, there was a sales trailer in a construction parking lot nearby. This was the gritty mid-2000’s, prior to there being a whole lot of new construction or retail in the Mount Vernon Square area.

Inside the sales trailer was a ginormous detailed three-dimensional model of the planned development for the neighborhood, much like you can see today at the PN Hoffman sales center at the waterfront. The area has experienced tremendous revitalization and has realized much of the development that seemed so far away back then.

Although the properties were designed with rough unfinished loft style interiors, both buildings include underground parking garages, luxurious lobbies, elevators, roof decks, and gyms. A number of the top tier units feature exquisite city views and private balconies. Check out this 11th floor unit that is currently under contract here.

The listing agent for this property was Melanie Hayes with TTR Sotheby’s International Realty. Jeff Annis with Jeff Annis Real Estate, LLC assisted the Buyer.

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