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 intended as a case study and 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: 3155 Mount Pleasant St NW #202
Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 1 Baths: 1 Parking: Street Ownership: Condo
Monthly condo fee: 291.91 Square Footage per listing: 750
Original List Price: $424,555. List Price at Contract: $424,555.
List Date: 3/2/2017 Days on Market: 18
Settled Sales Price: $415,000.
Seller Subsidy: $0.
Settled Price per Square Foot: $553.
Settlement Date: 5/12/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
Tree-lined Mount Pleasant is a neighborhood in NW DC that is bounded by Rock Creek Park, Adams Morgan, and Columbia Heights. The neighborhood is notable for large scale rowhomes and detached houses, however, the condo market in the area is extremely active.
There are currently twenty active condo listings in the legal subdivision of Mount Pleasant (which includes part of what most people think of as Adams Morgan). List prices range from $345,000. for a one bedroom on the same street as the subject property, to $949,999. for a two level three bedroom three bath unit.
Sixty four condo units have settled in the neighborhood since 1 November 2016. Net median sales price for condos for this time period is up, at $587,450., with 18 average days on market. In relation, thirty five fee simple houses settled during the same time period (net median price for houses is currently $962,500).
For the same time block a year ago (11/1/2015-05/18/2016), there were sixty five condo sales (so demand and pace has remained consistent). Median net sales price for condos from that period was $499,900.
The listing agents for this property were David Getson and Mandy Mills with Compass. Marin Hagen, with Coldwell Banker Residential Brokerage, represented the Buyer.