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: 720 Fern St NW
Legal Subdivision: Brightwood
Advertised Subdivision per Listing: Brightwood
Bedrooms: 3 Baths: 2 Parking: Street Ownership: Fee Simple
Original List Price: $669,000. List Price at Contract: $669,000.
List Date: 4/20/2017 Days on Market: 6
Settled Sales Price: $737,000.
Seller Subsidy: $0.
Settlement Date: 5/26/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
Brightwood, or Takoma DC, is up north and not far from the planned development at the former Walter Reed Army Medical Center site. This particular home is on the east side of the neighborhood, positioned between Georgia Ave NW and Blair Rd NW. It’s also close to the Maryland line and downtown Takoma Park. Red line Metro at Takoma Park is a 9 to 11ish minute walk.
For folks who still want to live in DC, desire some yard space, but don’t care to share walls, a number of different neighborhoods offer a range of prices for detached homes.
Here are the median prices and links to current active listings for detached fee simple houses throughout the city:
NW DC Median Net Price since 1/1/2017 for Detached Single Family Houses: $1,125,000.
Click link to: All Active Detached Single Family Home Listings in NW DC
NE DC Median Net Price since 1/1/2017 for Detached Single Family Houses: $460,000.
Click link to: All Active Detached Single Family Home Listings in NE DC
SW DC Median Net Price since 1/1/2017 for Detached Single Family Houses: $380,000. (Note that there were only three detached sales in SW so far this year.)
There is only one active listing for a single family detached home in the SW quadrant at this time. Click link to: All Active Detached Single Family Home Listings in SW DC
SE DC Median Net Price since 1/1/2017 for Detached Single Family Houses: $386,238.
Click link to: All Active Detached Single Family Home Listings in SE DC
The listing agent for this property was Alice McKenna with Long and Foster Real Estate, Inc. Sheila Simkin, with DCRE Residential LLC, represented the Buyer.