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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.
Featured Property: 1330 Kalmia Rd NW
Legal Subdivision: Shepherd Park
Advertised Subdivision per Listing: Shepherd Park
Bedrooms: 4 Baths: 3 Parking: Detached Garage Ownership: Fee Simple
Original List Price: $740,000. List Price at Contract: $740,000.
List Date: 7/14/2017 Days on Market: 16
Settled Sales Price: $720,000.
Seller Subsidy: $0.
Settlement Date: 8/25/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
What a gorgeous time capsule house. It was on the market for over two weeks, which feels like an eternity in DC real estate market time. This solid Tudor sold for $20,000. below list in a NW DC neighborhood close to Rock Creek Park and at the Silver Spring edge of the city. It is also not far from major upcoming development at the former Walter Reed Army Medical Center site.
With only sixteen settled sales of fee simple homes in the Shepherd Park neighborhood so far into 2017, it could be described as an area with slow turnover. Many homeowners have been in these houses for decades. Not only is inventory tight right now, it is actually non-existent. There are no currently active listings in Shepherd Park as I write this.
Shepherd Park is a neighborhood of detached homes and lots of similar size to those in NE neighborhoods like Brookland and Woodridge. The prices for detached homes sold in Shepherd Park in 2017 ranged from $525,000. to $1,575,000.
The listing agent for this property was John Keller with Long and Foster Real Estate, Inc. Jason Cohen with Keller Williams Capital Properties represented the Buyer in the purchase of this property.