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 Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.
Featured Property: 1909 8th St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Shaw
Bedrooms: 3 Baths: 2 Basement: Connecting Stairway, Partial Parking: Street Ownership: Fee Simple
House Living Square Footage per Tax Record: 1464 square feet
Original List Price: $810,000. List Price at Contract: $810,000.
List Date: 1/8/2018 Days on Market: 4
Settled Sales Price: $855,000.
Seller Subsidy: $0.
Settlement Date: 2/09/2018
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
The next door neighbor to the subject property sold in January 2017 for $835,116. It was a very similar house, with an unfinished basement, radiator heat (which home inspectors generally like for being efficient), but with one less bathroom and a less updated kitchen. These homes are close to the Shaw/Howard Metro, and even closer to U Street (Brixton, Glen’s Garden Market, Nellie’s, Warby Parker, etc.)
Looking at the performance of the real estate market in this specific area, in 2017 the median net price, considering both condo and fee simple sales, was $1,018,400. Houses in Shaw tend to go under contract within about ten days, and no surprise, as inventory is super tight. Rising interest rates are fueling a sense of urgency for many buyers, and the 2018 Spring market is expected to be extremely active.
The listing agent for this transaction was Stephanie Murray with Keller Williams Capital Properties. Mark Rutstein, with Compass (per disclosure above, the same brokerage company that the writer is affiliated with), represented the Purchaser.