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 Compass. 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: 610 Irving St NW #204
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 2 Baths: 1 Parking: Street Ownership: Condo
Square Footage per listing: 810
Original List Price: $329,900. List Price at Contract: $329,900.
List Date: 7/8/2017 Days on Market: 4
Settled Sales Price: $352,600.
Seller Subsidy: $0.
Settled Price per Square Foot: $435.
Settlement Date: 8/02/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
Whether you call its location Columbia Heights, Pleasant Plains, or Park View, the Parkview Condominium units that have recently been listed have generally been moving pretty quickly. Originally built in 1906 as a school, the building was converted to condos about a decade ago by Thoron Development.
Price per square foot for the four sales in this building so far in 2017 have varied from $435 per square foot to as high as $576 per square foot. Variable market value in the same building correlates with a number of factors including location in the building (higher floor vs. lower), layout, finishes, and frankly, presentation, including decent staging and professional photography. Smaller units will tend toward higher price per square foot.
The listing agent for this property was James Fitzpatrick with Long and Foster Real Estate, Inc. Daniel Lusk with Long and Foster Real Estate represented the Buyer in the purchase of this property.