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“April 1996: Sold for $35,500 – May 2017 Sold for $1,094,000”

by Prince Of Petworth June 9, 2017 at 11:00 am 21 Comments

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: 1651 New Jersey Ave NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 2 Baths: 2.5 Parking: Parking space conveys, surface Ownership: Fee Simple
Original List Price: $1,094,000. List Price at Contract: $1,094,000.
List Date: 5/1/2017 Days on Market: 7
Settled Sales Price: $1,094,000.
Seller Subsidy: $2000.
Settlement Date: 6/07/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Located in the downtown NW neighborhood of Shaw, surrounded by LeDroit Park, Bloomingdale, Truxton Circle, and Logan Circle, New Jersey Ave NW is a relatively busy street. The front yards on this part of New Jersey Ave NW are deep, however, so the houses are considerably set back from traffic.

This was a complete re-design and re-build of a small, boxy, formerly two bedroom, one bath house that was originally built in the early 1900s (tax record says 1900, but that is sometimes a filler date for lost records). From the last round of listing photos available, it looks like any historic details were removed a while ago.

As another concrete reminder of how rapidly DC property values have increased, here is the available history of the subject property:

April 1996: Sold for $35,500.

June 1999: Sold for $61,500. with $1300. back in Seller Subsidy. List price was $65,000.

October 2008: Sold as a short sale for $245,000. List price was $274,900. You can see interior and exterior Before pics here.

The listing agent for this property was Tony Hain with Compass. Ben Snider, with TTR Sotheby’s International Realty, represented the Buyer.


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