Support

LeDroit Park Red Hot Real Estate – Sold in 2 days. No parking. For more than 10% above the list price.

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: 400 U Street, NW
Legal Subdivision: LeDroit Park
Advertised Subdivision per Listing: LeDroit Park
Bedrooms: 5 Baths: 4 Parking: Street Ownership: Fee Simple
Original List Price: $1,290,000. List Price at Contract: $1,290,000.
List Date: 4/26/2017 Days on Market: 2
Settled Sales Price: $1,425,000.
Seller Subsidy: $0.
Settlement Date: 5/23/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Sold in 2 days. No parking. For more than 10% above the list price.

West of Shaw and East of Bloomingdale, LeDroit Park is an enclave of historic homes tucked above Rhode Island Ave NW. The area has recently enjoyed a surge in seven figure sales, as renovations in the area push to hit new standards of design and finish.

Very recently, Good Deal or Not Revisited (GDoN-R) posted about this nearby sale on Elm Street, which settled for $1,510,000. That home also lacked off street parking.

The subject property and the Elm Street sale raise an interesting dilemma of listing agents and sellers. Elm was originally listed at $1,675,000. and sold for $165,000. less than that after nearly a month on the market. In contrast, the subject property, which was priced well under the final price, sold in two days to a buyer who made an offer before the open house. Current market conditions (extremely limited inventory, very motivated and abundant buyer demand) seem to favor letting the market ultimately set the price, which is what can happen when pricing is strategically low. Not all sellers have the stomach for that approach, however.

The listing agents for this property were Matt McHugh and Heather Davenport with Washington Fine Properties. Rachel Levey, with Compass, represented the Buyer.

Recent Stories

From an email: “We have an upcoming free yoga weekend event happening at Reunion 4/6-4/7: Join Reunion Hot Yoga in Park View, DC for a free weekend of yoga Saturday…

Sweet City Ride

Thanks to Mandi for sending: “1930 Oldsmobile? That’s just the best guess of someone who knows nothing about cars but faithfully attended the Iola Car Show with her dad every…

Photo by Julian Ortiz Ed. Note: If this was you, please email [email protected] so I can put you in touch with OP. “Dear PoPville, Man in Ovi jersey headed towards…

“Taylor with her duck at a dog park in Old Town.” If you have any animal/pet photos you’d like to share please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’…

Calling all bookworms, thrill-seekers, supporters of the arts, and ping-pongers at all skill levels! Sign up for Paddlestar Galactica, the ping-pong tournament supporting 826DC’s youth writing programs.

826DC is a local nonprofit that offers free writing programs, homework help, and publishing opportunities for DC students ages 6-18, in our Columbia Heights writing center and in learning spaces across the city.

Paddlestar Galactica helps keep writing education 100% free and accessible for all of our students! It’s also extremely fun.

This year’s games will be Saturday, April 27th, 1 PM to 4 PM at SPIN DC. It’ll be a chaotic afternoon of ping-pong, costumes, terrible Battlestar Galactica puns, and good cheer. We’d love to have you join us!

Read More

Submit your own Announcement here.

Well-Paid Maids, the only certified living-wage cleaning service in the DMV, has added a new service to its online booking menu: office and building cleanings.

This includes offices, building lobbies, shared amenity spaces and more throughout D.C., Arlington, Alexandria and more.

Unlike so many other cleaning services, you can feel good booking Well-Paid Maids to clean your office or building. Cleaners get paid a starting wage of $24 an hour. Plus, all employees are offered health, dental, vision and life insurance; 24 paid days off per year; 100% employer-paid commuting costs; and more.

Read More

Submit your own Announcement here.

Vakili Band at Pie Shop!

Three band rock n rolll lineup at DC’s Pie Shop! Vakili Band with “if you know, you know” DC rockers, Lot 18, and the many minds and songs of artist Kind of Christine.

“If you love Vakili Band like we

×

Subscribe to our mailing list