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: 3815 Veazey St NW
Legal Subdivision: North Cleveland Park
Advertised Subdivision per Listing: North Cleveland Park
Bedrooms: 4 Baths: 3 Parking: Detached Garage Ownership: Fee Simple
Original List Price: $989,000. List Price at Contract: $989,000.
List Date: 5/11/2017 Days on Market: 7
Settled Sales Price: $989,000.
Seller Subsidy: $0.
Settlement Date: 6/09/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
From the comments on the original GDoN post: “That is priced absurdly low for the area.”
Last sold in 1999 for $386,500. with an $11,595. subsidy from the Seller, this semi-detached single family home in West of the Park Upper NW DC ended up being a nice deal at $989,000. for the current Buyer in 2017. The median net price for settled semi-detached houses in North Cleveland Park in 2017 so far is $1,100,250.
Kara Johnson, the Buyer’s agent, shared that the Buyer had been looking for just the right property to come along for the past two years. She pre-inspected before contract (a relatively common practice in this crazy competitive DC market), and wrote a very clean (few or no contingencies) offer. Kara described the home as “very well maintained” (which is a great kind of house to look out for) that had been “refreshed” but not extensively renovated.
The listing agents for this property were Robert Hryniewicki and Adam Rackliffe with Washington Fine Properties, LLC. Kara Johnson, with Keller Williams Capital Properties (per disclosure above, the same brokerage company as the writer), represented the Buyer.