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“The fifty-six unit Dresden, which cost $250,000 to build in 1909, was sold by Harry Wardman for $500,000. in 1910.”

dresden

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: 2126 Connecticut Ave NW #42
Legal Subdivision: Kalorama
Advertised Subdivision per Listing: Kalorama
Bedrooms: 2 Baths: 2.5 Parking: Street & Off Site Ownership: Condo
Original List Price: $1,595,000. List Price at Contract: $1,500,000.
List Date: 9/06/2016 Days on Market: 204
Settled Sales Price: $1,375,000.
Seller Subsidy: $0.
Settlement Date: 4/28/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

GDONr inside

Located in the recently much mentioned Kalorama neighborhood, the Dresden is a Harry Wardman-built “Best Addresses” building. “Best Addresses” is the coffee table book owned by every downtown DC real estate office and was written by historian James M. Goode detailing histories of 162 Washingtonian apartment, co-op, and condo buildings.

Originally built in 1910 as a rental property, it converted to condo ownership in 1974. Mr. Goode describes the Dresden and her sister building, the Northumberland, as Wardman’s “two most elaborate apartment houses.” It is also notable for being a U-shaped building, with the largest units located at the ends of the curve.

Another fun fact: “The fifty-six unit Dresden, which cost $250,000 to build in 1909, was sold by Harry Wardman for $500,000. in 1910.” According to a handy dandy online inflation calculator, that would be $12,399,875.80 in 2017 money.

The listing agent for this property was Terri Robinson with Long and Foster Real Estate, Inc. Marilyn Paige, with Washington Fine Properties, LLC, represented the Buyer.

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