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: 1702 Lamont St NW
Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 5 Baths: 3.5 Parking: Street Ownership: Fee Simple
Original List Price: $1,295,000. List Price at Contract: $1,295,000.
List Date: 8/29/2017 Days on Market: 9
Settled Sales Price: $1,330,000.
Seller Subsidy: $0.
Settlement Date: 10/02/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
In the 2010 GDoN post, it was listed for $879,000. Back then, it finally sold for $765,000. after 26 days on the market. Here are some comments from that post, seven years ago:
“In the desirable neighborhoods prices keep going up because demand’s not slowing down anytime soon. As long as people keep flocking to DC for jobs, or fleeing from the nearby suburbs as commute times keep getting longer, prices will not decrease.”
“Too far from the new Walmarts.”
“Thats a good deal”
The listing agent for this transaction was Jacob Wysor with Real Living At Home. Stephen Carpenter-Israel with Buyers Edge Co., Inc. represented the Purchaser.