Sold in 22 Days – 104 Peabody St, NE

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: 104 Peabody St NE
Legal Subdivision: Takoma Park
Advertised Subdivision per Listing: Takoma
Bedrooms: 5 Baths: 3.5 Parking: Attached Garage Ownership: Fee Simple
HOA monthly fee: $118. Square footage per listing: 3157 square feet
Original List Price: $899,900. List Price at Contract: $899,900.
List Date: 10/12/2017 Days on Market: 22
Settled Sales Price: $900,000.
Seller Subsidy: $0.
Settlement Date: 12/29/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

PoPville first covered The Hampshires in 2012 as construction was getting started. Within relatively close proximity to Fort Totten and Takoma Park Metros, the community built by Comstock, is within a Homeowners Association (HOA) and includes 37 detached homes and 73 townhomes. Monthly fees in fee simple (non-condo) HOAs tend to include general exterior maintenance of common landscaping, snow plowing, etc.

The listing mentions Charter schools, which commenters were quick to point out are not assigned based upon location. As a practicing Realtor, the bulk of school-driven business that I do in DC is following an assignment to a Charter School. In this case, a family moves from one neighborhood in DC to another that is more convenient to where they are going to be dropping off and picking up from school five days a week for the foreseeable future.

The model home, at 109 Peabody St NE across from the subject property, was the first MLS-reported sale of a detached home in The Hamphires. In March 2013, it sold for net $765,000.

The listing agent for this transaction was Ryan Gehris with USREALTYCOM, based in Womelsdorf, Pennsylvania. Tina Cheung, with RE/MAX Realty Center, Inc. represented the Purchaser.