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: 23 N Street, NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 5 Baths: 4.5 Parking: Off Street, Garage Door Opener Ownership: Fee Simple
Original List Price: $1,250,000. List Price at Contract: $1,250,000.
List Date: 9/21/2017 Days on Market: 4
Settled Sales Price: $1,250,000.
Seller Subsidy: $0.
Settlement Date: 10/19/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
This Victorian rowhome is located on the same block as the former Brass Knob Warehouse/future Republic Cantina/Chapman Stables condos. Within recent years, nearby Dunbar High School has been completely re-built and NOMA continues to take shape. Positioned at the south end of the neighborhood, the property is close to both New York Ave and the 3rd Street Tunnel (great spot for a reverse commute).
Nearby Shaw and Bloomingdale neighborhoods have been seeing strong seven figure sales for large renovated houses this year, so it is notable that this is Truxton Circle’s first of that ilk in 2017. Earlier this year, there had been two close by properties listed over a million dollars, however, both 88 P St NW (renovated house) and 1420 North Cap (a development deal) settled in the high $900’s. The house next door at 25 N St NW sold for $1,050,000. in late September 2016.
The median net settled sales price for houses in Truxton Circle is $725,000. so far in 2017, and median time on market is ten days. Condos in the same neighborhood in 2017 hit a median net price of $547,500., and typically remain active for three weeks on market.
The listing agent for this transaction was Anslie Stokes Milligan with McEnearney Associates, Inc. Donna Mank with TTR Sotheby’s International Realty, represented the Purchaser.