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Love Live DC: Oldies But Goodies — The 365+ DOM Club

by PoP Sponsor October 5, 2017 at 12:15 pm 0

This weekly column is written and sponsored by D.C. real estate agent and Edgewood resident Jessica Evans. Email her questions at  [email protected].

Tired of hearing about homes selling in less than a week and multiple offer scenarios? Me too. So let’s explore the other end of the spectrum today and take a look at a few homes that have defied the odds and continue to remain actively listed, after a year (or more).

Homes that last on the market for a long time and have a high number of days on market can tend to be overlooked by buyers who remain focused on the newest listings, but they can also present great opportunities (and have way better negotiation prospects than new listings).

2620 Moreland Place NW — Chevy Chase DC — $800,000

  • $800,000 for a 3 bed/3 bath detached home in Chevy Chase DC is well below the market average
  • Originally listed in March 2016 for $925,000, and reduced as low as $710,000 in June 2017 but is back up to $800,000 — it’s possible that the seller would consider a lower price once again
  • Listing remarks specify that the home is subject to an existing lease, but the photos show a vacant home (added 8/2/17)

2619 University Place NW — Columbia Heights — $899,900

  • Over 3,000 square feet including a finished basement and only 4 blocks to metro
  • Insider tip — the home has a few additional rooms that are not legal bedrooms, but is much larger than the 3 bed/3 bath size suggests
  • Originally listed in August 2016 for $950,000 and reduced to $899,900 in February 2017
  • Outdoor space is limited but this would make a great investment property — no yard maintenance for tenants to keep up with! Prospects for adding an upper level deck are good

350 G St SW #N104 — Southwest/Waterfront — $479,000 

  • Originally listed in August 2016, this 1 bed/1 bath 892 sq ft condo has held a consistent list price of $479,000 for the last 428 days
  • Located in the Potomac Place condominium community, this unit is in one of the newer buildings that was built in 2004 and the condo fee of $422.42 includes great building amenities (outdoor pool, multiple fitness rooms, business center, concierge)
  • A few short blocks from The Wharf and all of the amazing things planned for this development

438 19th St NE — Kingman Park — $560,000 

  • End unit rowhome with 3 bedrooms, 1.5 bathrooms and off street parking
  • Originally listed for $649,999 with several price reductions in 2016 down to $530,000
  • Listing remarks specify “appraised $530k” — all signs indicate that the seller would likely consider an offer of $530,000 or less
  • No basement but there may be options for expansion on the corner lot (or a great outdoor set up)

1230 23rd St NW #918 — West End — $448,000

  • 1 bedroom in Foggy Bottom with garage parking and balcony
  • Condo fees are $839/month, full service building amenities include concierge, indoor pool and exercise room
  • Originally listed for $475,000 in February 2016, with several price reductions in 2016
  • Built in 1989 the unit features a modern open floor plan, hardwood floors and a fireplace

2252 Mount View Place SE — Anacostia — $359,000 

  • This 4 bedroom, 2.5 bathroom home last sold for $180,200 in May 2014, and was re-listed a year later for $178,800 more
  • Located on a prime block in Anacostia, a few short blocks from metro and adjacent to the historic district and the MLK thoroughfare
  • This neighborhood has seen a 13% appreciation rate in the last year (based on average sales prices) and are expected to continue to rise

Interested in learning more about negotiating a great deal? Check out our 9 Essential Negotiation Tips for Buyers post here.

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