Sold for $1,790,000 in 40 Days

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: 112 4th St NE
Legal Subdivision: Capitol Hill
Advertised Subdivision per Listing: Capitol Hill
Bedrooms: 4 Baths: 3.5 Parking: Driveway/Off Street w/ auto garage door Ownership: Fee Simple
Original List Price: $1,845,000. List Price at Contract: $1,845,000.
List Date: 11/03/2016 Days on Market: 40
Settled Sales Price: $1,790,000.
Seller Subsidy: $0.
Settlement Date: 2/24/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Listed a week prior to the election result, this Capitol Hill WOD / Ditto JV renovation found its new owner a little more than a month later. Although reduced off the original list of over $1.8 million, it settled for a solid and substantial price.

Of the fifty one fee simple listings sold in the legal subdivision of Capitol Hill since September 1st, 2016, the high sale hit $2,500,000. The average price for a house in that neighborhood during this time period is $1,169,798. The lowest sale recently was at $690,500. During the same time period last year, about the same number (fifty two) sold, however the average price was over $100,000. lower at net $1,027,114.

The listing agent for this property was Tom Faison with Re/Max Allegiance. Jason Townsend, with Keller Williams Capital Properties (per the disclosure above, affiliated with the same brokerage as the writer) assisted the Buyer.