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Sold in 11 Days “With the recent mild weather and rising mortgage interest rates, buyer activity in the local real estate market has been vibrant”

by Prince Of Petworth January 27, 2017 at 11:10 am 5 Comments

1731-Willard-Street-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: 1731 Willard St NW #204

Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 1 Baths: 1 Parking: Street Ownership: Condo
Square Footage per tax record: 480
Original List Price: $350,000. List Price at Contract: $350,000.
Monthly Condo Fee: $267.00
List Date: 12/09/2016 Days on Market: 11
Settled Sales Price: $348,500.
Seller Subsidy: $0.
Settled Price per Square Foot: $726.
Settlement Date: 1/19/2017
Transaction type: Standard

GDoN-r

Original GDoN post can be seen: here.

The listing can be seen here: here.

The 1700 block of Willard St NW is a relatively quiet one block long one way enclave at the very tippy top of Dupont and at the bottom of the hill from Adams Morgan. It features a mix of Victorian houses, as well as small and mid-sized condo and rental buildings.

The subject property is located in The Willard Mansions condominium, which is home to a total of 26 units. A relatively small unit (hence the high price per square foot), the updated subject has a gas fireplace, and a washer/dryer in the unit. The building includes a common roof deck with great views of the city.

With the recent mild weather and rising mortgage interest rates, buyer activity in the local real estate market has been vibrant. Inventory remains extremely sparse as some Sellers hold out for the prime Spring months. However, the mild weather has been encouraging some Sellers to list early, so there has been at least a trickling of new stuff popping up.

Inauguration/March weekend was not a total deterrent to the DC real estate market with 240 open houses scheduled across the city this past Saturday and Sunday. (The prior weekend there were 418 scheduled open houses).

The listing agents for this property were Elysia Cassidy and Brittany Allison with Wydler Brothers, LLC. Christina Miller, also with Wydler Brothers, LLC assisted the Buyer.

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