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Sold in Four Days in Brightwood “annual appreciation in DC since 2000 has been around 7.65% per year”

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: 1415 Aspen Street, NW
Legal Subdivision: Brightwood
Advertised Subdivision per Listing: Brightwood
Bedrooms: 3 Baths: 3.5 Parking: Street Ownership: Fee Simple
Living Square Footage per Listing: 2065
Original List Price: $729,900. List Price at Contract: $729,900.
List Date: 2/1/2018 Days on Market: 4
Settled Sales Price: $741,500.
Seller Subsidy: $0.
Settlement Date: 3/5/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Located right next to the future Walter Reed development, and across 16th Street from Rock Creek Park, this detached home sold 1.59% above list price.

Last sold in basically the same condition (the half bath in the lower level appears to have been changed to a full) just over two years ago in January 2016 for net $650,250., the property gained appreciation of 14%. According to Neighborhood Scout, which provides data for real estate, annual appreciation in DC since 2000 has been around 7.65% per year.

There are currently a total of eight detached fee simple homes for sale in the Brightwood neighborhood, which includes this area adjacent to Rock Creek Park and spans across Georgia Ave NW to North Capitol Street. They range in list price from $490,000. to $1,299,000.

The listing agents for this transaction were Casey Aboulafia and Kristen Johnson with Compass (per disclosure above, the writer is affiliated with the same brokerage). Jaime Willis, also with Compass, represented the Purchaser.

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