Sold in 9 Days on Sherman Ave for $945,000

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: 2801 Sherman Ave, NW
Legal Subdivision: Columba Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 3 Baths: 3 Full 2 Half Parking: Street Ownership: Fee Simple
Original List Price: $949,999. List Price at Contract: $949,999.
List Date: 2/7/2017 Days on Market: 9
Settled Sales Price: $945,000.
Seller Subsidy: $2000.
Settlement Date: 3/16/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Listed during the freakishly Spring-like February, this fee simple new construction townhome on busy Sherman Avenue was under contract in just over a week. In addition to being turn key brand new, which is highly appealing to current DC home buyers, it also features a separate unit with “strong revenue generating potential” (per the listing language).

We’ve come a really long way since the early internet listings when a virtual tour in the multiple listing system equated to a camera that was placed in the center of a room and rotated. Check out the 3D virtual experience.

Fee simple houses within a fifth of a mile of the subject property range wildly in size, and condition, so the prices are all over the place. Here are the recent active listings and settled sales since September 2016, from a (not condo) $392,000. sale all the way to an active $2.2M listing on 11th Street nearby. (The data is best viewed in the desktop version, which you can see on a phone or tablet by clicking the upper right. You can order the listings by price, street name, etc. by clicking the heading title at the top.)

The listing agent for this property was Jonathan Rutherford with TTR Sotheby’s International Realty. Judy Cranford, with Cranford and Associates, assisted the Buyer.